Author: BEX Staff

Awards & Accolades  1. Mark Taylor, Senior Vice President of WestLand Resources, Inc., received AZ Water’s Engineer of the Year. The award recognizes individuals that have gone above and beyond in the water industry.  2. ENR Southwest Top Design Firms 2020:   AECOM  HDR  Kimley-Horn  Stantec  Burns & McDonnell  WSP USA  Carollo Engineers  Gensler  Bohannan Huston Inc.  EPS Group Inc.  Dekker/Perich/Sabatini LTD.   SmithGroup  Terracon Consultants Inc.   Wilson & Co., Engineers & Architects  Atkins, Member of the SNC-Lavalin Group  Souder, Miller & Associates  Gannett Fleming  SWCA Environmental Consultants   Atwell LLC  Stanley Consultants   For a complete list click here.  3. Phoenix Business Journal: 40 under 40 2020:   Vanessa Williams; Director of Business and Market…

Sales Transactions  1. MHP #1, LLC purchased Desert Pueblo Mobile Home Community, 55+ community with 418 spaces at 1302 W. Ajo Way, Tucson, for $30M. Derek Harris of HARRIS Manufactured Housing & Commercial Brokerage represented both the buyer and seller, a family trust from Redwood, California.  2. Exeter Property Group purchased 92 Mountain View, a 116KSF campus, 89 percent leased to CVS Health for $19.2M. The JLL Capital Markets team representing the seller included Ben Geelan, Andrew Milne from the National Healthcare Capital Markets Team and Michael Leggett. The seller, Exeter was represented by John DiVall.   3. Scottsdale Development Partners purchased Shops at Dynamite Creek in Cave Creek for $10.5M.   4. Pulte Homes and Meritage Homes purchased the first phase (260 lots)…

By Tasha Anderson for AZBEX  Conceptual plans for a new 24-hour outpatient medical center to be located just west of the NWC of 54th Street and Shea Boulevard have recently been submitted to the City of Phoenix Planned Unit Development & Planned Community District site.  Developer, Anchor Health Properties is requesting to rezone the approximately 3.17-acre site from Planned Area Development-Two, Special Permit to Planned Unit Development to allow for the HonorHealth branded medical center.  Known as HonorHealth Outpatient Medical Center – Shea, the project is proposed to be a single-story, 25KSF hybrid free-standing emergency center with medical office. Approximately 11.5KSF of space will be used for physical…

Budget, Policy & Stimulus News  $100M PPP Payments to Charter Schools Investigated  State Schools Superintendent Kathy Hoffman and Arizona Deputy Auditor General Melanie Chesney are examining whether the $100M in Paycheck Protection Program payments to charter schools in Arizona violate a “rarely enforced” state law prohibiting paying “twice to educate the same pupils”. (Source: AZCentral)  Yuma Considers Increasing Relief Funds  Yuma is looking to increase the amount of COVID-19 relief funds set aside for small businesses. City Council will consider upping the funds by $230K. Last month, the council approved a grant program to help the Yuma small businesses most impacted by the pandemic using a portion of…

Source: Businesswire  Kindred Healthcare, LLC and Dignity Health announced a joint venture to build and operate their second inpatient rehabilitation hospital in the Phoenix market.  Kindred and Dignity Community Care opened Dignity Health East Valley Rehabilitation Hospital in Chandler in 2016. To serve the growing need for inpatient rehabilitation services in Phoenix, Kindred and Dignity determined that developing a second hospital would address increasing demand for these services.  This new 40-bed inpatient rehabilitation hospital will be located in Gilbert. The 50KSF, two-story rehabilitation facility will have all private rooms and focus on acute rehabilitation for patients who suffer from stroke, traumatic brain injury, spinal cord injury, complex…

Source: Colliers International  As cases of coronavirus and hospitalizations rose in Greater Phoenix following Memorial Day weekend, the area’s second quarter of real estate market activity was also surging. The medical office market posted its strongest quarter of net absorption in nearly two years and vacancy in this product type dropped 50 basis points.  During second quarter of 2020, approximately 245KSF of new medical office space was added to inventory and only 18 percent of that space is vacant. This was the largest new supply of medical office space delivered since third quarter 2017.   The second quarter brought 192KSF of net absorption. Glendale experienced the strongest…

Groundbreakings  1. Construction is underway on the three-story Chandler Medical Plaza office building at 1125 S. Alma School Road in Chandler. The 65KSF medical office property is 38 percent preleased.  2. The Downtown Links Phase III project in Tucson is expected to begin construction this month with an estimated completion date of January 2023. Granite and Borderland Construction have been awarded the $26M CMAR contract.  Progress Reports  3. StreetLights Residential is nearing completion on The Ryan, a 17-story high-rise which includes 332 luxury apartments housed within the Block 23 community in Downtown Phoenix. StreetLights Creative Studio led in the urban planning and concept design of The Ryan, as well as leading the design teams of OMNIPLAN, Perkins + Will and Ink & Oro. Whiting Turner was the general contractor.  4.…

By Tasha Anderson for AZBEX  A new Class A, luxury multifamily development is being proposed within the Eastmark Planned Community District in Mesa.   The +/- 14.02-acre site is currently undeveloped and is located at the SEC of Ellsworth Road and Point 22 Boulevard at 5029 South Ellsworth Road, in a Mixed-Use Community character area of the city’s General Plan.  The applicant and developer, PCS Development, on behalf of the owner, DMB Mesa Proving Grounds LLC, is requesting site plan approval for the 320-unit development known as 2.0 at Eastmark or The Premier at Eastmark 2.0 as the site plan shows. The City of Mesa’s Planning and Zoning Commission heard and recommended…

Resources  Maricopa County Small Business Grant Opportunities  A number of Small Business Grant Opportunities remain available for businesses in Phoenix, Mesa and the rest of Maricopa County. Interested parties should follow the link(s) relevant to their location for more information. (Source: City of Phoenix Community and Economic Development) 

By Cesar Neyoy for Yuma Sun  The Comite de Bien Estar will be able to offer $2M in federal tax credits as incentives to attract investors in a planned apartment complex in San Luis for low-income families.  Valley View apartments is one of 13 projects around the state approved by the Arizona Department of Housing for the credits through the state agency’s Low-Income Housing Tax Credit program for 2020.  Tony Reyes, executive director of Comite, said he hopes the inducement of tax credits will enable the nonprofit organization to line up financing by the end of the year for the 100-unit apartment complex planned on the city’s north side.  The Valley View complex…