Author: BEX Staff

Sales Transactions 1. Rise48 Equity purchased a 154-unit apartment complex at 132 E. Brown Road in Mesa. The apartment complex, which sold for $24.3M, will be rebranded from Emparrado Apartments to Rise Mountain Ridge. The new owners are planning to renovate each unit. EMP Investments 1 LLC sold the property. 2. Helix Properties purchased the East Gateway Office Complex at the NEC of Van Buren and 44th streets in Phoenix for $19M. The acquisition includes two office buildings totaling approximately 232KSF. Cushman & Wakefield brokered the sale; Landmark Title Assurance Agency managed the closing, and CBRE will continue leasing the…

By Roland Murphy for AZBEX Following a City Council vote on Oct. 20, Hadrian Automation is one step closer to building an advanced manufacturing facility in Mesa that could bring about a $200M investment and lead to 350 new jobs. By a vote of 6-0 with one member absent, Council voted to authorize the City Manager to enter into an agreement with Hadrian for “the development of an artificial intelligence-powered, large-scale manufacturing and software facility located at 10101 East Pecos Road,” as part of the meeting’s consent agenda. The site Hadrian leased is at the SEC of Crismon and Pecos…

By Phillips 66 and Kinder Morgan, Inc. Phillips 66 and Kinder Morgan, Inc. announced the commencement of a binding open season for transportation service on the Western Gateway Pipeline, a newly proposed refined products pipeline system. The Western Gateway project will facilitate the transportation of refined products from origin points in Texas to key downstream markets in Arizona and California, with connectivity to Las Vegas via Kinder Morgan’s CALNEV Pipeline. The open season will commence at 12:00 p.m. Central Time on Oct. 20 and will close at 12:00 p.m. Central Time on Dec. 19. During this period, interested shippers may…

By Diversified Partners Diversified Partners has announced plans for Williams Station, a new entertainment-anchored development coming to the NEC of Loop 202 and Dobbins Road in Laveen. The $50M project will feature a mix of retail, dining and entertainment uses in a walkable, desert-inspired setting that celebrates the area’s Southwestern heritage. Named in honor of the Williams family, the longtime owners of the property, Williams Station will reflect the authentic character of Laveen while introducing a modern, family-friendly destination. After conducting a comprehensive study of the Laveen corridor, Diversified Partners identified a clear need for entertainment options within the community.…

The U.S. Air Force released a request for lease proposal in search of a potential artificial intelligence data center at the Davis-Monthan Air Force Base in Tucson. Davis-Monthan is one of five potential Air Force bases that could house the private commercial data center. Other sites are located in Tennessee, California, New Jersey and Georgia. The RFP says the government will be eligible to purchase services and power from the data centers but will not be obligated to. Proposals must carry a valuation of at least $500M. Proposed facilities must exceed 100MWs of power. Additional guidelines include minimizing the impact…

Groundbreakings 1. Core Spaces and Wexford Developments have begun construction on The Hub on Campus Tempe, a 30-story mixed-use tower at Myrtle Avenue and Seventh Street. The 1.5-acre development will include 818 residential units and ground-floor retail space. The project incorporates preservation of the historic Harry Walker House and the First Congregational Church, both of which will be repurposed for food and beverage uses. Completion is expected in fall 2028. 2. RED Development and Clayco will break ground Oct. 28 on Life Time Living at PV, an 11-story residential project at 12900 N. Tatum Blvd. in Phoenix. The development will…

By Roland Murphy for AZBEX Last week, the Avondale Planning Commission voted 6-0 to recommend a minor General Plan amendment and rezoning for a proposed tech park plan from Creation Equity. Planned at the NEC of 119th Avenue and Corporate Drive, just south of Interstate 10, Avondale Tech Park will feature three buildings totaling 698.6KSF. Building A is planned for 253.9KSF, Building B for 232.9KSF and Building C for 211.8KSF. A total of 720 parking spaces is planned. The 38-net-acre property currently carries a Mixed-Use land designation and is zoned City Center District. To allow for the planned project, Creation…

By Rebekah Morris for AZBEX On September 30, 2025, the U.S. Department of Transportation issued an Interim Final Ruling that de-certifies all current Disadvantaged Business Enterprises and Airport Concessions DBE, taking effect October 3, 2025. Since then, eight active bid projects have been delayed and small businesses—along with municipalities responsible for administering the program—have been left wondering what to do next. Specifically, all DBE and ACDBE firms are effectively decertified. The prior race- and gender-based presumptions of disadvantage are no longer in place. In other words, race and/or gender no longer automatically count as proof of disadvantage. To remain in…

By BEX Staff for AZBEX The Pinal County Board of Supervisors has approved a trio of use applications for a 1,105-acre industrial development north of Florence. Designated Project Ranger, the manufacturing master plan will include the development of new roads and has the potential to restart the Magma Arizona Railroad project to serve the manufacturing facility and Resolution Copper’s planned filter plant nearby. Local news outlets reported the Board’s action approved the project, amended the land-use designation to Special District and approved a planned area development rezoning for industrial uses. The Planning and Zoning Commission voted 10-0 to recommend approval…

By National Association of Home Builders Even as builders continue to grapple with market and macroeconomic uncertainty, sentiment levels posted a solid gain in October as future sales expectations surpassed the 50-point breakeven mark for the first time since last January. Builder confidence in the market for newly built single-family homes was 37 in October, up five points from September and the highest reading since April, according to the National Association of Home Builders/Wells Fargo Housing Market Index. “While recent declines for mortgage rates are an encouraging sign for affordability conditions, the market remains challenging,” said NAHB Chairman Buddy Hughes.…