Author: BEX Staff

By Roland Murphy for AZBEX Citing increased demand and a need for greater flexibility, FUJIFILM Electronic Materials U.S.A., Inc. wants to expand its Mesa operations on 31 acres near the SEC of State Route 24 and Signal Butte Road in Mesa. The expansion plan covers 20 acres of the company’s current site and 11 acres the company recently acquired. The 31 acres are adjacent to FUJIFILM’s existing facility, which was last expanded in a five-building, 87KSF project begun in 2019 and completed in 2021. The company is a leading producer of specialty chemicals and a major developer and manufacturer of…

The $1.87M October sale of a 4.73-acre parcel at 860 E. Irvington Road in Tucson will pave the way for a new 120-unit affordable apartment development. Lariat Village Propco LP, an affiliate of Lariat Village GP LLC, bought the property at the SWC of Park Avenue and Irvington Road from Park & Irvington Holding Co, LLC. Impact Residential Development represented the buyer. The seller was represented by Jason Wong of Crestline and is managed by Thomas Gee. Impact Residential Development is also leading pre-development for the new community, which will be known as Lariat Village. Development filings have been submitted…

By Rebekah Morris for AZBEX Last month, an Arizona Town Hall was held at the Rio Salado Conference Center. Roughly 150 attendees across government, unions, nonprofits, career and technical education, higher education and construction companies came together to identify gaps in attracting workers to the construction industry and brainstorm ideas on how to overcome the challenges. Sponsored by Sundt Construction, in collaboration with the Arizona Registrar of Contractors, Arizona Department of Transportation, Arizona Office of Economic Opportunity and Maricopa Community Colleges, the event kicked off with a panel discussion by leaders in the space discussing the forces impacting Arizona’s construction…

Beale Infrastructure, owner of the planned Project Blue data center development, has pledged to match its data center’s energy use with renewable energy. The company made the promise in a letter attached to a memo to Pima County administrators. Beale said it is seeking an energy supply agreement with Tucson Electric Power and plans, at the developer’s expense, to accelerate the development of renewable energy for the TEP grid that will equal a 100% match to the data center’s power consumption. Pima County Administrator Jan Lesher said there has been no mutual agreement reached regarding specific details, such as how…

By Associated Builders and Contractors On Nov. 5, Associated Builders and Contractors sent a letter to the U.S. Senate Committee on Health, Education, Labor and Pensions ahead of its Nov. 6 hearing, “Registered Apprenticeship: Scaling the Workforce for the Future.” In the letter, ABC thanked the Committee for examining how apprenticeship and workforce development programs can help meet the nation’s growing demand for skilled construction workers. “Registered apprenticeships are one important part of a diverse workforce development ecosystem,” said Kristen Swearingen, ABC VP of government affairs. “But rigid structures and lengthy completion times discourage participation by employers and workers alike.…

Giving Back 1. The Rosendin Foundation awarded a $50K grant to America’s Mighty Warriors, founded by Debbie Lee, mother of fallen Navy SEAL Marc Lee. The funding will provide one year of therapies and family support for two veterans, including hyperbaric oxygen therapy, EmRes, red light therapy and nutritional supplementation. Awards & Accolades 2. PTK Magazine announced its list of Arizona architects to know in 2026. The list consists of: Brian Cassidy – CCBG Architects, Brian Farling – Jones Studio, Michael Krause – Krause Architecture + Interiors, Victor Irizzary – RSP Architects and Zach Shirk – Zebra Projects. 3. PTK…

Sales Transactions 1. Stockdale Capital Partners acquired The Quincy at Kierland for $110.3M. The 266-unit Class A multifamily community at 15826 N. Scottsdale Road in Scottsdale was purchased in an all-cash transaction. The seller was EMBREY, which completed construction of the property in July 2024. Institutional Property Advisors marketed the property on behalf of the seller. 2. CBRE has arranged financing totaling $45.6M for the acquisition and renovation of Coral Point Apartments, a 377-unit multifamily community located at 2343 W. Main St. in Mesa. CBRE’s Shaun Moothart, Doug Birrell, Bruce Francis, Bob Ybarra, Nick Santangelo, Anna Britt and Amber Coleman…

By Roland Murphy for AZBEX Phoenix-based Unbound Development is planning to build a new 77.2KSF industrial development on a long-vacant five-acre infill site at the NEC of 20th Street and Jones Avenue in south Phoenix. Unbound is requesting a rezoning to planned unit development to allow the project to proceed. The property is currently zoned for single-family residential use. According to the submitted project narrative, “Rezoning the site to PUD will allow the proposed commerce park development and intended uses for the site and will fill a long overdue need for infill development of this vacant site. The proposed development…

By Rebekah Morris for AZBEX Across Arizona, voters were asked to support local school districts with their facilities needs via bond questions at the ballot. The results were split. Bonds for school districts work like mortgages – the district takes on debt backed by property tax revenue paid by the voters. BEX started tracking K12 bond measures in 2012 and has noticed a significant decline in bond approval rates since 2020. From 2012 to 2020, voters typically approved 80% of K12 bonds. Since 2020, however, that approval rate has dropped to roughly 50%. This year, 16 questions totaling $1.957B were…

Data center developer Beale Infrastructure is planning a 600-acre data center campus in Marana. The company plans to acquire two sites of approximately 300 acres each for the project. One property is owned by the Church of Jesus Christ of Latter-day Saints. The other is owned by the Kai Family Trust. The adjacent sites are across from the Arizona Veterans Memorial Cemetery, with Pinal Airpark Road as the northern boundary. The land is more than a mile away from the nearest residential subdivision. Beale is also still trying to develop a 290-acre data center project elsewhere in Pima County. That…