Author: BEX Staff

By BEX Staff for AZBEX In its Sept. 23 meeting, Glendale City Council heard a presentation outlining a request from Evergreen Devco to annex 39 acres near the SWC of Sarival and Peoria avenues. A local news outlet reported the land currently sits in a Maricopa County island and has a County zoning designation that equates to Rural Residential. A single-family house and an accessory building are currently on the property. If Glendale annexes the site, it will initially be rezoned to Rural Residence. Staff is simultaneously working on a rezoning request to Planned Area Development, according to the staff…

Valutek is planning to construct a 45KSF headquarters between 12th and 14th streets near Sky Harbor International Airport. While most of the headquarters will be a warehouse, it will also include 5KSF of office and 5KSF of clean room manufacturing space. Valutek is a supplier of gloves, boot covers and similar products for use in laboratories. The headquarters is planned on 16 parcels currently owned by the City of Phoenix. Currently, the parcels are within a noise mitigation corridor, and the City is attempting to sell parcels to redevelop the area. The Phoenix City Council approved selling the site to…

Awards & Accolades 1. ACEC Arizona announced the winners of its 2025 Engineering Excellence Awards. The Grand Award-winning projects were: South Central Extension/Downtown Hub by AECOM for Valley Metro, Interstate 10 Broadway Curve Improvement Project by TYLin for the Arizona Department of Transportation and Frontier Family Park by J2 Engineering and Environmental Design for the Town of Queen Creek. The Honor Award winners were: Farallon Water Campus by Hazen and Sawyer for the City of Buckeye, West Silverbell Road: Blanco Wash Bridge by HDR for Pima County, 24th Street Water Treatment Plant Rehabilitation Project by Carollo Engineers for the City…

After consultation with the City’s financial advisory firm, Yuma Finance Director Douglas Allen is recommending the issuance of $116M in pledged revenue bonds to fund projects in the Capital Improvement Plan. Yuma has traditionally funded local infrastructure improvements using current fiscal year revenues and carryover balances. Mark Reader of financial consulting firm Stifel explained, however, that capital costs have roughly doubled on public works projects in the last few years, and pay-as-you-go funding is becoming a challenge for many cities. Allen said the bond issuance will speed up completion for infrastructure development and provide predictable budgeting. It will also allow…

By Roland Murphy for AZBEX The Chandler Planning and Zoning Commission has recommended approval of a preliminary development plan for a proposed new 100.2KSF medical office building on 2.7 acres at CommonSpirit Health’s Chandler Regional Medical Center. Located at the SEC of Frye and Dobson roads, the CRMC campus has seen an increasing demand for service from the surrounding community, according to supporting documents from project design firm and applicant Devenney Group Architects. The submission says, “MOB II is part of the larger CRMC campus and is designed to provide services and support for Chandler Regional Hospital. The proposed MOB…

By National Association of Home Builders Builder sentiment levels remained unchanged in September, but lower mortgage rates and expectations that the Federal Reserve will soon cut the federal funds rate led to higher future sale expectations in the coming months. Builder confidence in the market for newly built single-family homes was 32 in September, unchanged from the August reading, according to the National Association of Home Builders/Wells Fargo Housing Market Index. While builder sentiment has hovered at a relatively low reading between 32 and 34 since May, builders expressed optimism that a more favorable interest rate climate could bring hesitant…

By Roland Murphy for AZBEX Following months of losses, the Arizona Construction sector added 2,900 jobs in August, according to the latest report published by the Arizona Office of Economic Opportunity. The state’s seasonally adjusted unemployment rate held steady at 4.1%. The national unemployment rate rose to 4.3%, up from 4.2% in July. In August 2024, Arizona had a seasonally adjusted rate of 3.7%. The national rate was 4.2%. Arizona had a not-seasonally adjusted increase of 42,100 nonfarm employment jobs month-over-month. “Prior to the pandemic (2010-2019), private sector employment averaged a gain of 18,400 jobs in August,” the report states.…

Awards & Accolades 1. The American Council of Engineering Companies of Arizona has announced the recipients of its 2025 Legacy Awards. Honorees will be formally recognized at an awards ceremony Nov. 7. The winners are: Karla Petty – Retired, FHWA, and Chuck English – President, Hunter Contracting Company. Boards & Commissions 2. SMPS Arizona announced its 2025–2026 Board of Directors. The new board is composed of: Tiffany Gorrell from GLHN Architects & Engineers as President, Jamie Schindeldecker from Speedie & Associates as Past President, Anissa Rasheta from Säzän Group as President-Elect, Brad Thompson from SBD Contracting Services as Treasurer, Emily…

Sales Transactions 1. As part of a $1.1B national portfolio venture, Sunroad Enterprises recapitalized six multifamily assets in Arizona. Fairfield partnered with Sunroad in the transaction, and JLL represented Sunroad and arranged financing. The Arizona properties consist of: Slate Scottsdale in Scottsdale with 278 units, The Laurel in Chandler with 383 units, Lazo in Chandler with 346 units, Zone in Glendale with 232 units, Zone Luxe in Glendale with 253 units and Verde Vista in Glendale with 270 units. 2. The Bower Gateway in Mesa and Bower Hudson Crossing in Chandler, totaling 91 homes, sold for $44.2M. Blackstone’s Tricon Residential…

By Roland Murphy for AZBEX The ongoing pace of population and business growth in Arizona, combined with targeted economic development planning and an ongoing swell of visitors, has helped the state and the metro Phoenix area maintain a leadership position in the hotel segment of the hospitality development sector. Sept. 16th’s BEX Leading Market Series event on Hospitality Developments in Greater Phoenix featured three industry experts sharing their insights, experiences and current trend observations with the audience. The panel was comprised of: Moderator Stephanie Handley—business development manager at event sponsor PCL Construction; Zabada Abouelhana—senior director, leader for the Phoenix and…