Author: BEX Staff

By BEX Staff for AZBEX The Salt River Pima-Maricopa Indian Community has issued a request for interest for the redevelopment of 270 acres at the NEC of the loop 101 and 202 freeways. The location has been used for rock and sand mining since the early 1980s by a tribal operation called Salt River Minerals Group. Workable resources have been depleted, and the RFI page says SRMG will be moving from its current location at McKellips and Dobson roads to a new site along State Route 87. The RFI is titled the SRMG Dobson Site Redevelopment. According to the page,…

Ritz-Carlton Paradise Valley developer Five Star Development has filed for Chapter 11 bankruptcy in federal court. The company behind the $2B resort and condo development at Scottsdale Road and Lincoln Drive says it wants legal protection from creditors so it can finish the resort, which it claims is nearly complete. As originally planned, the overall development, known as The Palmeraie, includes the resort, villas, estate homes and a 29-acre commercial, retail and hospitality district. The project’s primary creditor, Madison Realty Capital, had filed for foreclosure earlier this year, and the property was scheduled to go to auction this month. The…

Awards & Accolades 1. ENR Southwest announced the winners of its 2025 Best Projects competition, recognizing excellence in design, construction and safety across the region. This year’s Arizona honorees include: ENR Southwest Project of the Year: Mountain Line Downtown Connection Center Brings Mass Timber to Northern Arizona; Project of the Year Finalist, Best Project Higher Education/Research: Arizona State University Wilson Hall; Project of the Year Finalist; Best Project Manufacturing; Excellence in Safety: Fab 52 (Project Eagle); Best Project, Energy/Industrial: Serrano Solar & BESS; Award of Merit, Energy/Industrial: Pima DC 1; Award of Merit, Government/Public Building: Maricopa County Office of the…

By Arizona Public Service Arizona Public Service has announced plans to develop a site west of Gila Bend capable of adding up to 2,000MW of reliable, flexible generation to the state’s energy portfolio. The Desert Sun Power Plant will be a state-of-the-art natural gas facility designed to meet Arizona’s rapidly growing needs, support unprecedented demand from extra-large energy users and enhance integration of renewable energy resources – all while protecting affordability for residential and small business customers. This two-phase project will support current customer growth through our competitive procurement process in Phase 1 and enable new extra-large customer investments via…

By Roland Murphy for AZBEX The Gilbert Planning Commission is scheduled to discuss two major projects—an age-restricted multifamily community and a new retail center—in its Nov. 5 study session. As the meeting is a study session, no action is expected. Headwaters Gilbert The first project—Headwaters Gilbert—is a proposed 188-unit age-restricted development from Headwaters Group planned on a nearly 6.4-acre site at the NWC of Gilbert Road and Gilbert Town Square Avenue. Headwaters has requested a minor General Plan amendment, rezoning, and site plan and associated items review. The General Plan amendment will change the current land use from General Commercial…

By Lincoln Property Company Lincoln Property Company has announced the purchase of a 191KSF, partially occupied data center in Chandler. The company plans to build out the facility’s vacant shell space, delivering new turnkey data center inventory and making cooling system improvements that could save millions of gallons of water monthly. The data center property is located on 14.5 acres at 2500 W. Frye Road, at the intersection of the Loop 101 and Loop 202 freeways, within the Price Road technology corridor. The Frye Road property offers 28MW of confirmed utility power, served by an existing and dedicated on-site Salt…

By BEX Staff for AZBEX The 902-acre Innovation Corridor portion of the more than 6,350-acre NorthPark master plan site in north Phoenix could become home to a major expansion of Taiwan Semiconductor Manufacturing Corporation’s operations and facilities. TSMC entered into a partnership with NorthPark master developer PulteGroup for the Innovation Corridor earlier this year. The company has confirmed to local news outlet Valley Vibe it wants to obtain more land so it can build three additional chip fabrication facilities, two advanced packaging facilities and a research and development center. AZBEX reported similar plans by the company in the May 17,…

Giving Back 1. Salt River Project crews returned to remote areas of the Navajo Nation to provide reliable electricity to 12 families in the areas of Dilkon and Tuba City. The effort was part of the Navajo Tribal Utility Authority Mutual Aid Training 2025, a branch of the Light Up Navajo initiative. 2. Valley Partnership has selected ACCEL as the beneficiary of its 38th Annual Community Project. The organization will host a Community Project Day of Action on Nov. 8 at ACCEL School at Metro in Phoenix, where volunteers will complete facility improvements benefiting children and adults with developmental disabilities.…

Sales Transactions 1. Axis Raintree, a 179.4KSF office building at 8605 E. Raintree Dr. in Scottsdale, was purchased by an entity tracing to D.R. Horton for $70.7M. Trammell Crow Company sold the office building. The seller was represented by CBRE’s Jenny Knowlton and JLL’s Charlie von Arentschildt. Cushman & Wakefield’s Brad Anderson and Mike Strittmatter represented the buyer. 2. The 210-unit Cimarron Apartments property in downtown Mesa was recently purchased by Rockwell Property Company for $33M. 3. Sares Regis Group sold Monument, a 163-unit multifamily community in Chandler, for $46M. The property at 2300 W. Pecos Road was purchased by…

By Roland Murphy for AZBEX More than 200 attendees packed the Desert Willow Conference Center in Phoenix this week for the BEX 2025 Public Works Conference—the year’s most comprehensive discussion on public construction and development projects in Arizona. Master of ceremonies Jamie Schindeldecker, business development director of Speedie & Associates, welcomed the crowd, outlined the day’s events and dove immediately into the content as she introduced the first speaker: BEX President and Founder Rebekah Morris. To set the stage, Morris recapped the macroeconomic indicators currently influencing the Arizona construction industry. Among her most recently updated findings: Public infrastructure projects total…