Author: BEX Staff

Budget, Policy & Stimulus News  Mesa Allowing Permit Extensions  Mesa is allowing developers and builders to extend construction and development permits as well as planning and zoning approvals because of the impacts of COVID-19. (Source: Rose Law Group Reporter)  Peoria Figuring out CARES Act Allocations  With an expected $20M in AZCares funding expected, Peoria’s plan is to put at least some of the money in the pockets of residents and business owners. A June 2nd study session unveiled a rough plan to help businesses and residents. Andrew Granger, a Peoria deputy city manager, later said city staff members are working on specifics for the $20M. (Source: Peoria Times)  Economic News  Offices, High-rise Markets Face…

By Corina Vanek for Phoenix Business Journal  A massive mixed-use development with Class A office, hotel, retail and apartment buildings near Peoria Sports Complex is one step closer after the Peoria City Council approved an agreement Tuesday with American Life Inc. and Steinhauer Properties Inc.  The project, called Stadium Point, will include more than 1MSF of development on 17 acres owned by the city along 83rd Avenue south of Bell Road. In October 2019, the city released a request for proposals seeking a master developer for the site. American Life was named the successful respondent in March.  Economic development leaders in the West Valley have pitched the area for…

Source: City of Phoenix  Phoenix City Council unanimously approved a new citywide affordable housing initiative that will work to address the many housing needs in the nation’s fastest-growing city. Earlier in the day, Phoenix Housing Department staff and Mayor Kate Gallego joined U.S. Housing Secretary Ben Carson as he toured city housing sites.   The plan will address the need for an additional 163,000 housing units in Phoenix. Housing costs have grown in Phoenix as wages have stayed stagnant. This, along with a dearth of affordable and workforce housing options, have widened the gap of housing accessibility for residents. The plan seeks to address the following areas:  Prioritize new…

Groundbreakings  1. Concord General Contracting recently broke ground on the new 70KSF campus renovation for the Tempe Academy of International Studies. This project will be performed in multiple phases and it will include two new buildings. Concord General Contracting and DLR Group are teaming together with Tempe Elementary School District to construct this new campus.  2. Copper Canyon Fire and Medical Board Members, as well as Fire Chief Terry Keller and staff, members of LEA Architects, and FCI Constructors celebrated the groundbreaking of the Cherry Creek Fire Station this past Tuesday. This project marks the 5th fire station that LEA Architects and FCI Constructors have completed together.     3. LGE Design Build and developer Creation have begun construction on the Northern 101 Commerce…

By Tasha Anderson for AZBEX  Plans have recently been submitted to the City of Phoenix for the development of a three-story apartment complex at the NWC of 19th and Southern Avenues.  Multifamily developer, Dominium is requesting to rezone the approximately 14.16-acre site from Planned Shopping Center to Intermediate Commercial, Height and Density Waiver, to allow for a multifamily residential use. The site is currently undeveloped and is just south of the BASIS Phoenix South Primary School.  The 19th Avenue and Southern apartment complex is proposed to include a total of 312 units housed in 13 separate three-story buildings scattered throughout the site with maximum buildings heights…

Budget, Policy & Stimulus News  Yuma Extends Permits for Builders  Yuma is extending the expiration date of most permits to help developers and those in the construction and real estate industries as they struggle with difficulties related to the COVID-19 pandemic. Council adopted a resolution extending the time of some permits to 180 days for those taken out before June 1st. (Source: Yuma Sun)  Economic News  PPP Loan Forgiveness Could Take Until 2022  Small businesses seeking loan forgiveness through the Small Business Administration’s Paycheck Protection Program could be caught in a process dragging out to 2022 — or even later, according to experts. The multiple layers of review and an…

By Rachel Estes for Yuma Sun  Somerton High School is beginning to take shape, at least conceptually, as the Yuma Union High School District governing board voted to award a design contract to DLR Group in the amount of $223,573 to launch the first five percent of the design programming needed to procure building permits and phase into construction once state funding is obtained.  Over the next four months, according to DLR Group senior architect Carmen Wyckoff, the agency will “plan, listen, explore and conceptualize,” taking care to hear feedback from prospective students currently attending Kofa and San Luis High Schools and district teachers on “what they face and…

Source: Associated Builders and Contractors  Construction input prices rose 0.8 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 0.8 percent for the month as well.  Of the 11 subcategories, only three experienced monthly decreases, with the largest decrease in steel mill products, which fell 3.1 percent in May. The rise in prices was driven primarily by the three energy subcategories, which experienced significant increases over the previous month. Crude petroleum was up 41.6 percent, while natural gas and unprocessed energy…

Giving Back  1. K2 Electric recently contributed to the West Valley Mavericks Foundation, distributing over $375K in grants to 82 non-profit organizations in the west valley.  2. As the Valley of the Sun’s premier advocacy group for responsible development, Valley Partnership has given back with their annual Community Project for more than 30 years. This year, the Valley Partnership 2020 Community Project will be a $25K challenge grant benefitting St. Vincent de Paul and its many programs helping our community. Contributions can be made here.  3. The sixth annual I BUILT THIS! video contest, presented by NCCER and Build Your Future (BYF), is returning this October. Designed to promote the value of craft skills and construction as an industry of choice, the contest encourages secondary…

Sales Transactions  1. MHP #1, LLC, an affiliate of the Vanderhoot Family Trust purchased Desert Pueblo Mobile Home Community, a 55+ community with 418 spaces with 30 park owned homes, and approximately 70 spaces being used for RV parking on 56.5 acres at 1302 W. Ajo Way, Tucson, for $30M. Derek Harris of HARRIS Manufactured Housing & Commercial Brokerage represented both the buyer and seller, a family trust from Redwood, California.  2. An undisclosed buyer purchased Desert Willow, a 280-unit multifamily property at 2025 W. Indian School Road, Phoenix, for $20.7M. Pete Te Kampe, first vice president investments in Marcus & Millichap’s Phoenix office, had the exclusive listing to…