Author: BEX Staff

By CJ Jorgensen for AZBEX IPlan Consulting Corp, on behalf of Landmark Land Investments LLC, submitted a proposal for a new hotel in Gilbert. At the NWC of Galveston Street and Power Road, the 96.1KSF, 110-guestroom hotel will sit on an approximate 2.6-acre site within the Circle G Corporate Park. The hotel, Staybridge Suites, is branded by Intercontinental Hotel Group. The area is zoned Business Park and Regional Commercial with a Planned Area Development overlay. The site is within Area Two of the Vertical Development Overlay Zoning District. Staybridge Suites will have a height of 60 feet, which is permitted…

The Gila River Indian Community received approximately $107M from the Bureau of Reclamation for three separate water infrastructure projects. GRIC expects the funding to not only benefit the tribe, but the region as well. These are the first long-term pacts signed with GRIC, and the Bureau of Reclamation hopes they can create system conservation of over 73,000 acre-feet within the next decade. The first project is to replace and upgrade irrigation systems on Gila River Farms; $64M has been pledged. The second project is to concrete line more than 7.5 miles of earthen canals in the Blackwater area; $26M has…

By CJ Jorgensen for AZBEX Phoenix is one of the few cities that demonstrated positive YOY office-using employment growth. Yardi Matrixrecently released a National Office Report for 2024. Phoenix’s listing rates increased by 0.9% in the last 12 months, at a current rate of $28.07 per square foot. The vacancy rates in Phoenix decreased by 60bps, with a total vacancy rate of 18.2%. Camelback Collective was the top listing in Phoenix, with the price coming in it $52.50 per square foot. Phoenix was the 23rd highest U.S. city when it came to office space under construction. Yardi Matrix reports that…

Giving Back 1. Three Sundt employee-owners are competing to see who can raise the most money for the Sundt Foundation’s “Ink It & Pink It” 25th anniversary fundraising campaign. The funds raised from Sept. 23-Oct. 10 will be distributed from the Sundt Foundation to nonprofit organizations fighting breast cancer. Sundt Construction will match donations up to $150K. The employee-owners are Danny Gumm, Melissa Moreno and Scott LaPoint. 2. The PENTA CARES Foundation, the charitable arm of The PENTA Building Group raised $65K for local nonprofit Home Base Arizona during its first Charity Golf Classic in Scottsdale. 3. A group of…

Sales Transactions 1. Lennar Arizona, Inc. and Richmond American purchased Block 1 at the master-planned community, Monarch, in Marana for $30M. The purchase contains 254 finished lots. The lots were sold by the developer, Sunbelt Holdings. Will White and John Carroll of Land Advisors Organization handled the transaction. 2. Starfire Golf Course in Scottsdale sold for $24M. Swing First Golf purchased course from Greenlight Communities. 3. Westwood Financial, LLC purchased the 83.8KSF Paradise Hills Shopping Center in Phoenix for $16.8M. The property was sold by Abbington Emmerson Investments LLC. The seller was represented by Colliers’ Mindy Korth, JK Jackson, El…

By CJ Jorgensen and Roland Murphy for AZBEX Roers Companies is proposing a new 147-unit affordable multifamily project in north Phoenix at the NWC of Deer Valley Road and 30th Avenue. The developer has requested a rezoning from R-4A Multifamily Residential to Planned Unit Development with modified R-4A development standards. The sole purpose for the change, according to the submitted narrative, is to allow for additional building height. Roers intends the building to be 60 feet tall, while the current zoning only allows for 48 feet. The parcel fronts to an arterial street, has two streets and backs to the…

By BEX Staff for AZBEX There has been no communication on a proposed Sprouts Farmer’s Market as part of the Papago Plaza redevelopment at the SWC of McDowell and Scottsdale Road in Scottsdale. Officials with Scottsdale Development Services say plans were submitted in Jan. 2023 but that no updates have been received since, according to local news outlets. The DATABEX project database has the project listed as a 23.5KSF grocery store and a 328 space parking garage, with Pivot Development Company as the developer and Nelsen Partners as the design firm. Sprouts entered into an agreement to develop the Papago…

The Phoenix City Council unanimously authorized the purchase of a 9.2-acre property at the NWC of 67th Avenue and Baseline Road for the new Fire Station 73. Currently, the site is occupied by a single-family home owned by West Royal Development Holdings LLC, with a full cash value of about $1.4M. The new fire station will alleviate pressure on other fire stations, such as Fire Station 58, with the new station being planned approximately 3.5 miles northwest. Last year, $500M was approved for general obligation bonds, including $214M designated for community safety. Among the fire-related projects covered under the GO…

The Deer Valley Unified School District has approved a recommendation from the School Facility Oversight Board to include two new schools in the District’s FY25 Capital Plan. The plan will include a new high school expected to be constructed by 2029 and a K-8 school expected to be constructed by 2032. Locations for the new schools have not yet been identified. The Capital Plan is due by Oct. 1. The last Deer Valley Unified school built was Inspiration Mountain Elementary, which debuted in fall 2022 and has infrastructure in place to expand from a K-6 campus to a K-8. Approval…

Awards & Accolades 1. The Arizona Chapter of the American Public Works Association recently recognized the $65M Yavapai County Justice Center as its Project of the Year. Kitchell served as the County’s representative for the project, with Hensel Phelps as the general contractor and DLR Group leading the design team. Groundbreakings 2. Provident Industrial is set to break ground on a 292.3KSF industrial site called the Orangewood Commerce Center at 6550 W. Orangewood Ave. in Glendale. Completion is scheduled for Q3 2025. 3. The Edith Hotel, Pacific Hospitality Group’s 180KSF Phoenix hotel, has started construction. The $140M hotel is expected…