Author: BEX Staff

Source: Arizona Department of Transportation  Drivers rely on Arizona’s highway system for their daily commutes, weekend travel, and for the delivery of goods and services to their communities. Keeping that system in good repair and functioning well is all part of the Arizona Department of Transportation’s focus during the next five years.  The plan is part of the proposed annual update to ADOT’s lineup of all statewide projects. The 2021-2025 Tentative Five-Year Transportation Facilities Construction Program allocates funding for preservation, modernization and expansion projects.  The public comment period for the 2021-2025 Tentative Five-Year Program begins Friday, March 20th, and ends at 5 p.m. Tuesday,…

Awards & Accolades  1. National Association of Home Builders (NAHB) has awarded the 8.9KSF Seven Desert Mountain clubhouse with the 2019 Best in American Living Platinum Award (BALA) for best community facility.  Groundbreakings  2. Diversified Partners held a groundbreaking ceremony for its large, prime parcel known as En Fuego, at 91st and Glendale avenues. For Phase I, pads, shops and land are available at En Fuego, ranging from 3KSF to 15.6KSF/1.33-acre lot. Starbucks, Raising Cane’s, Barro’s Pizza, Biscuits Cafe and Jack in the Box are already committed. Phase II will offer 8.32 acres for office, flex or entertainment use.  Progress Reports  3. Following an extensive $100M investment by Palisades Resorts LLC, Marriott International’s Autograph Collection Hotels will celebrate the grand opening of ADERO Scottsdale in summer 2020. The complete…

By Tasha Anderson for AZBEX Plans for a proposed multifamily development, as part of a 52-unit adaptive reuse and mixed-use development project planned for the Five Points area in Tucson, has recently been submitted to Tucson’s Infill Incentive District – Design Review Committee. Flash TV LLC, a partnership of Central Barrio Development LLC and 2016 Marcel Dabdoub Family GSTT Irrevocable Trust according to the documents, is proposing to combine two parcels site at 902 and 912 South 6th Avenue and 17 West 19th Street, and demolish the two structures currently housed on the site. The structures used to serve as…

By Josh Martinez for Independent Newsmedia Plans for the Indian Bend Wash are in motion thanks to a recently-approved municipal use master site plan for a two-mile segment in south Scottsdale. The City Council approved on consent at its March 3rd meeting a MUMSP for the segment of the Indian Bend Wash between McKellips and Thomas roads, outlining design concepts for future upgrades for the area that includes Vista del Camino and Eldorado parks. Upgrades will come in phases as funding permits, city staff say in a report to council. In crafting the site plan, staff say they relied on…

By Suzanne Adams-Ockrassa for Casa Grande Dispatch Casa Grande is booming and the future is bright, Mayor Craig McFarland said at his annual state of the city address. City housing permits are up 322 percent since 2018, McFarland said. Permits for single-family houses this year have already exceeded 140 permits. Permits for new manufacturing businesses have increased by 19 percent since 2018 and the city’s commercial value has increased by about 101 percent. The city is fiscally in a strong position with very little debt and great bond ratings, he said. But even with the good economic times, the city…

Source: Associated Builders and Contractors Construction input prices fell 0.6 percent in February and are up 0.4 percent year over year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased by 0.6 percent but are up 0.3 percent compared to the same time last year. The three energy subcategories all declined from January, with crude petroleum down 16.3 percent, natural gas down 15.8 percent and unprocessed energy materials down 13.6 percent. All three were also down on a year-over-year basis. Softwood lumber was the only…

Awards & Accolades 1. Sundt Construction, Inc. and Central Arizona College (CAC) have received a 2020 Bellwether Award for their workforce development partnership. 2. Inside Tucson Business held their 2020 Women of Influence Awards on March 4th. The Real Estate Champion was Lani Baker, Vice President of Finance for Holualoa Companies. Promotions 3. Bryon Matesi has recently been promoted to President and Chief Operating Officer for Buesing Corp. Matesi has been with Buesing for 15 years and previously held the position as Executive Vice President (EVP) of Construction. 4. Arrington Watkins Architects recently celebrated its 25th anniversary with a new…

Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the $123M sale of West Sixth, a core-plus, condo-quality 375-unit/625-bed student housing community located just steps from Arizona State University (ASU) in Tempe. Peter Katz, IPA Executive Managing Director, alongside Steve Gebing and Cliff David, IPA Senior Managing Directors, had the exclusive listing to market the property on behalf of the seller and procured the buyer. 2. Inland Real Estate Group of Cos. recently closed on three Christopher Todd single-family rental communities in the West Valley for $110.86M. The three that closed are Christopher Todd Communities…

By Tasha Anderson for AZBEX Plans for the development of a new geriatric behavioral health hospital south of Mercy Road just southwest of Pecos Road was recently approved at the Town of Gilbert’s Planning and Zoning Commission meeting on March 4th. Applicant and developer, FJ Management, received approval of site plan, landscape plan, grading and drainage plans, elevations, floor plans, lighting, colors and materials for the project, dubbed Sana Behavioral Health Hospital. The developer also received approval for a conditional use permit to allow a hospital in the General Office zoning district on the 3.79-acre site at 2018 S. Mercy…

By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 4.5 percent in January 2020, from December 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 3.6 percent from 3.5 percent in December. In January 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 4.0 percent. The state had a net loss of 47,300 non-farm jobs over the month, which is less than the historical 10-year (2010-2019) average loss of 51,000 jobs. Trade, Transportation & Utilities had the largest net loss…