Author: BEX Staff

By Rebekah Morris for AZBEX (Phone rings.) “Hello, this is Rebekah with AZBEX.” “Hey, yeah, I’m so-and-so with company such-and-such. I’m looking for you guys in ___ but I can’t find it. Where is this service for my state?” This sort of interaction has happened countless times over the 14-plus years BEX has been in business. It has always been a dream of mine to expand, and the time is finally right for this next phase of BEX. We’ve dubbed it The BEXpansion. How You Fit In We have been planning this for a long time and no matter how…

By Roland Murphy The next development in the Cavasson master-planned area in north Scottsdale could be a 136-unit luxury townhome community from Toll Brothers. The developer has requested approval from the Scottsdale Development Review Board for a proposal to build Toll at Cavasson on 11.27 acres in the Cavasson mixed-use area at Loop 101 and Hayden Road. The for-sale units would have a site density of 12.07 units/acre, far less than the 25 unit/acre functional limit that has been the standard under the City of Scottsdale General Plan 2035. According to the submitted narrative, “The Property is in the northern…

By Associated Builders and Contractors Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher. Prices increased in two of three energy subcategories last month. Natural gas prices were up 36.3%. The aggregate price of unprocessed energy materials was up 4.7%. Crude petroleum prices were down 0.2% for the month. “Construction materials…

Giving Back 1. In July, EHS Restoration will assist Aris Foundation in hosting a dinner for more than 250 homeless families in Tempe. Additionally, through the organization Packages From Home, EHS Restoration employees will also be packing care baskets/packages for those who are actively deployed in the U.S. military overseas. Awards & Accolades 2. The Greater Phoenix Chapter of IFMA announced the winners of the 2024 Phoenix Rising Excellence Awards. The winners are: Rising Star of the Year: Sri Nayani Gajji; Emerging Leader of the Year: Mridula Potdar; Helping Hand of the Year: Liz Remley; Committee Member of the Year:…

Sales Transactions 1. Arizona Land Consulting purchased two locations in Buckeye for nearly $20M. The first was for 72 acres of land that will be part of the master-planned community Copper Falls. Most of the land will be used for a 900-unit Build-to-Rent community, while the remaining 16 acres will be reserved for future commercial or retail uses. The second purchase was for 20 acres at Johnson and Baseline roads that will be the site of a future commercial or industrial development. 2. Alturas Capital Partners acquired Heritage Plaza Shopping Center, a 112.4KSF shopping center in Tucson, for $17.5M. JLL…

By BEX Staff for AZBEX The City of Casa Grande wants to rezone 14.94 acres in the Donovan M. Kramer Airport Industrial Park for CTE Properties LLC can build a custom/vocational truck manufacturing and sales facility. Casa Grande has purchase agreements in place with CTE for two parcels, one of which is zoned general industrial and one zoned garden and light industrial. The rezoning would rezone the general industrial site to match the other so they can be replatted as a single property for the project. Mayor Craig McFarland told a local news outlet the City wants to create revenue…

A plan by Gravity Storage LLC to build a 3,000MW hydroelectric renewable energy project 35 north of Kingman has Mohave County officials concerned about potential impacts on regional water supplies. The Red Lake project would create two reservoirs 2.4 miles apart, each with a capacity of 26,000 acre-feet. The reservoir at the higher elevation would cover 275 acres, while the lower would be 273. The water would flow by gravity between the two reservoirs through six turbine generators to produce electricity. The project is the largest of four currently planned by Gravity Storage. The Federal Energy Regulatory Commission accepted a…

By Roland Murphy for AZBEX The Phoenix City Council recently voted to approve a rezoning request from intermediate commercial to light industrial uses for a 3.84-acre site approximately 100 yards south of the SEC of Bell Road and 21st Avenue. The site is located in Sunbelt Investment Holdings, Inc.’s Bell 17 Business Center, which makes up approximately 82 acres and occupies most of the area between Bell and Grandview roads to the north and south and 19th and 23rd avenues to the east and west. The property is a mix of both vacant and developed sites with commercial, light industrial…

By BEX Staff for AZBEX After protracted arguments as to where to build a new parking garage for downtown Scottsdale, City Council has chosen a compromise path that will construct both options. The debate started after Scottsdale voters approved a $20.9M bond issue in 2019 that included three possible locations for the garage. All three locations were south of Indian School, which made the usefulness for downtown somewhat suspect. Local news sources report that in April of this year, Public Works Director Dan Worth presented a proposal that would build garages in the northeast and southeast quadrants of downtown, one…

The City of Prescott is considering a nearly 70% increase in home construction impact fees. City Council held a study session earlier this week and then unanimously voted to hold a hearing in August and scheduled a vote to approve or reject the measure in its Oct. 8 meeting. Councilmembers said the increases were necessary because Prescott has not incrementally adjusted fees over time as it could have done. Members and staff from Raftelis—the City’s financial consultant—said the increases in both utility and non-utility fees were necessary to meet needs listed in the City’s Capital Improvement Plan and to address…