Author: BEX Staff

Awards & Accolades 1. Craig Finfrock, CCIM, graduated in the 2020 Class of Jay W. Levine Leadership (JWL) Development Academy by the CCIM Institute. The graduation took place at the CCIM Midyear Governance Meetings, April 19th, 2021 in Scottsdale. 2. CDC Small Business Finance is the No. 1 U.S. Small Business Administration lender in Arizona among 7A and 504 firms after the fiscal year 2021 second quarter. The Arizona district office of CDC, which was named the state’s SBA 504 Lender of the Year for the third straight year in 2020, closed 55 loans totaling $49.67M. 3. Institutional Property Advisors,…

Sales Transactions 1. An entity tracing to RPM Co. purchased the Village at Harvard Crossing, a 184-unit single-family rental community at the SWC of Pebble Creek Parkway and Virginia Avenue, Goodyear, for $56.12M, from The Empire Group. Berkadia represented both the buyer and seller. 2. Nearon Enterprises, LLC purchased the 91st Avenue Distribution Center, a 417.6KSF, Class A warehouse and distribution building at 670 S. 91st Avenue, Tolleson, for $35M. Darla Longo, Rebecca Perlmutter, Barbara Perrier, Brett Hartzell, Joe Cesta, Eric Cox, Danny Calihan, Pat Feeney and Rusty Kennedy of CBRE represented the sellers, CT Realty and Artemis Real Estate…

By Tasha Anderson for AZBEX The Town of Guadalupe recently issued a Request for Proposals to developers interested in leasing and/or purchasing approximately six parcels currently owned by the town. The goal of the request, according to the issued RFP, is to seek out one or more private-sector partners to lease and/or purchase the properties which range in size from 15KSF-120KSF and to develop them into commercial or mixed-use development(s) that would, “ultimately generate new tax revenue and other public benefits for the Town.” Sites A and B According to the RFP the first two sites are being offered for…

By Land Advisors Organization Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of a land sale in the West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8M for 21 acres, which will be developed into a single-family build-to-rent community. It will be the fourth such development in the West Valley for The Empire Group of Companies. The project, Village at Paseo de Luces, is planned for approximately 272 units at the E-NEC of 99th Avenue and Van Buren Street in Tolleson. The Empire…

The Pima County Board of Supervisors has approved a Predevelopment Services Agreement with Knott Development, Inc. for the proposed Kino Sports Complex expansion. The plan includes adding sports facilities and extensive new retail and commercial public amenities. Knott will now move on to the detailing of architectural, engineering, financial and other analyses needed to advance the project. The core Kino Sports and Entertainment Complex project was completed last year, and the county began the search for a partner to complete the expansion. Knott Development’s proposal includes creating the Kino District Iceplex – an 86KSF ice sports facility – and the…

Arizona companies and researchers at the University of Arizona are working to develop technology-based solutions that could make mining more sustainable and safer as an industry. Companies and researched solutions were showcased in the recent Tucson Tech: Smarter, Safer, Sustainable Mining panel hosted by the Arizona Technology Council. The featured solutions were: Auxilium Technology Group licensing UArizona technologies to turn mining waste into products with value; Hexagon Mining developing Autonomous Connected Ecosystems digital solutions into all aspects of its operations for increased safety, efficiency, and effectiveness; Stantec Mining’s all-inclusive solutions set, developed with experts across a range of disciplines, to…

Awards & Accolades 1. The 777 Tower, a six-story, 160.9KSF, Class A mixed-use office building in the Novus Innovation Corridor on the Tempe campus of Arizona State University, has been awarded LEED Gold certification by the U.S. Green Building Council. The project was developed by Ryan Companies, US, Inc. and designed by DAVIS. 2. ASU’s Skysong 5, the six-story, 151KSF office and research building in Scottsdale, has earned the prestigious LEED Gold certification for its sustainability and environmentally friendly construction. Plaza Companies is the master developer of SkySong, in partnership with ASU University Realty, City of Scottsdale and Holualoa Companies.…

By Tasha Anderson for AZBEX A new multifamily development is being planned within the Canyon Trails PAD in Goodyear on a site that is currently being used for agricultural production. Developer, Aviata, LLC is requesting to rezone approximately 20.24 acres at the NEC of Cotton Lane and Canyon Trails Boulevard from the current Planned Area Development designation to Multifamily 24 dwelling units per acre. The request was heard and recommended for approval by the City of Goodyear’s Planning & Zoning Commission on April 14th. The project, known as Aviata at Canyon Trails, is proposed as a 418-unit gated multifamily community…

By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 6.7 percent in March 2021, from February 2021, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 6 percent from February. In March 2020, the state had a seasonally adjusted rate of 5 percent, and the national was at 4.4 percent. The state had a net gain of 16,100 non-farm jobs over the month. “Historically (2011-2020), Nonfarm employment has averaged a gain of 7,600 jobs in March,” the report states. Leisure & Hospitality had the largest net gain of…

By Stevens-Leinweber Construction Inc. Marking its entry into the Phoenix industrial market, Denver-based Comunale Properties has selected Stevens-Leinweber Construction Inc. to build Chandler Connection, a 201KSF Class A industrial building immediately adjacent to the Chandler Municipal Airport in Chandler. Additional project team members selected by Comunale Properties include architect Butler Design Group and Ken McQueen and Chris McClurg from Lee & Associates, who will serve as the development’s exclusive leasing brokers. Located on Germann Road, between Gilbert and Cooper roads, Chandler Connection will offer mid-bay industrial space featuring 32’ clear height, 140’ to 240’ bay depth, 52’ x 60’ column spacing…