Author: BEX Staff

By National Association of Home Builders The U.S. Senate on Oct. 9 passed National Association of Home Builders-supported housing legislation that offers meaningful solutions to increase the nation’s housing supply by addressing key concerns around zoning and land-use policies, the aging housing stock, rural housing and multifamily housing. “NAHB applauds the Senate for passing a bipartisan housing package to fix the housing crisis by addressing our nation’s critical lack of housing supply,” said NAHB Chairman Buddy Hughes. “Building more homes is the only way to ease America’s housing affordability crisis, and the ROAD to Housing Act includes favorable provisions aimed…

Giving Back 1. P.B. Bell team members volunteered at St. Mary’s Food Bank and packed 1,800 boxes to support local hunger relief efforts. Awards & Accolades 2. AZBigMedia has released its list of the 50 Most Powerful People in Arizona Business for 2025. Nearly half of the designees play prominent roles in the A/E/C and CRE communities, including: Walt Brown, Jr., founder, CEO and designated broker, Diversified Partners; Barry Chasse, founder and president, CHASSE Building Team; William C. Boor, president and CEO, Cavco Industries, Inc.; Wendy Cohen, president and CEO, Kitchell Corporation; Mary Fedewa, president, CEO, director and co-founder, STORE…

Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap, arranged the $66.1M sale of Scottsdale on Main, a 119-unit luxury multifamily property in Scottsdale. The seller was Baron Properties, and the buyer was Goodman Real Estate. 2. Thomas Title & Escrow announced closing of the $10.5M sale of The Marabrisa Condominiums at 234 N. 75th St. in Mesa. A private capital buyer acquired the property from multiple entities. The transaction was supported by a loan of $7.785M through NorthMarq, with legal representation provided by Kingsley Law Firm, LLC for the buyer and Troutman Pepper for the lender.…

By CJ Jorgensen for AZBEX – BEXclusive Porter Kyle Builders, LLC is proposing a 157-unit attached townhome community called Moonlight Ridge toward the south end of Hunt Highway in Pinal County. Morris Family Investment Group, LLC is the owner, while Porter Kyle Builders is the developer. Felten Group, Inc is the architect. McGough Adamson is the landscape architect. EPS Group, Inc. is the engineer, and Ray Law Firm is providing legal representation. The conceptual site plan prepared by EPS Group, Inc. indicates the 157 units will be spread across 24 two-story buildings. This includes two four-plex, one five-plex, nine six-plex,…

The Surprise City Council approved a resolution in opposition to BNSF Railway’s proposed BNSF Logistics Park during its Oct. 7 meeting. The master-planned logistics hub has sparked controversies over a series of miscommunications between City of Surprise staff and BNSF Railway. Surprise officials stated BNSF had pulled out of plans to annex into the city for its 4,300-acre rail hub. Additionally, officials said BNSF stopped responding to inquiries surrounding water, traffic and environmental concerns. A BNSF representative stated the company had concerns about City Council passing a resolution for a project that was located on unincorporated land in Maricopa County.…

In its Sept. 22 meeting, the Mesa City Council unanimously approved a rezoning for the proposed 137-unit attached townhome development called Velora. The council approved rezoning a 3.3-acre parcel and a 3.7-acre parcel to form a planned-area development overlay for the multifamily development. Dolly Varden LLC is the owner. The site is located 1,600 feet west of the NWC of East Main Street and North Greenfield Road. The development will feature 95 three-story and 42 two-story units with attached two-car garages. Each unit will contain three bedrooms and two full bathrooms. The units will contain 274 parking spaces, and the…

EPCOR Utilities Inc. received an alternative designation of assured water supply, allowing development in parts of the West Valley that have been off-limits from a two-year moratorium. The moratorium was enacted due to modeling that demonstrated unmet demands for water in the region. The moratorium prevented home approvals in areas that had been undergoing widespread growth. The designation allows for residential homebuilding in parts of Buckeye and Surprise. Other entities, such as the Town of Queen Creek, are exploring ADWAS designations. EPCOR representatives said the new designation process provides flexibility in development. The new designation will require the company to…

Groundbreakings1. Creation and QuarterMoore broke ground on Harbor Park, a two-building industrial complex on 9.7 acres along Glen Harbor Blvd. in Glendale. The 163KSF project includes a build-to-suit facility for PODS Phoenix and a 54.5KSF speculative building for lease or sale. LGE Design Build is the design-builder for the project. Completion is expected in Q3 2026.2. Opus has broken ground on Envision 56, a two-building, 125KSF Class A speculative industrial project near North 56th Street and West Chandler Blvd. in Chandler. The eight-acre infill development includes a 37KSF building with a 28-foot clear height and an 88KSF building with a…

The City of Peoria announced it is focusing on water reclamation with its 2025 Integrated Water Utility Master Plan during its Sept. 16 meeting. Water reclamation is the process of purifying wastewater. In an effort to achieve this on a large scale, the City is considering a billion-dollar Advanced Water Purification facility. There are currently three water reclamation plants in the city. Most of the water treated in the plants is stored underground and solely used for landscaping irrigation. AWP facilities offer a more thorough filtration process that ensures treated water will be drinkable. City staff believe an AWP facility…

By CJ Jorgensen for AZBEX The University of Governance and Operations Committee of the Arizona Board of Regents approved the University of Arizona’s proposed Fiscal Year 2027-2030 Capital Improvement Plan during its Sept. 11thmeeting. The CIP calls for UA to invest $70M in upgrades and renovations across two projects in FY 2027. Additionally, the University touched on the return of an old project and eight construction projects planned for FY 2028-2030. Center for Advanced Molecular and Immunological Therapies (CAMI) The Center for Advanced Molecular and Immunological Therapies (CAMI) paused construction in March due to funding concerns. UA resubmitted the project…