Author: BEX Staff

By Steve Burks for AZ Big Media Here’s a look at some of the top real estate companies to watch in Arizona. These companies have seen tremendous growth in Arizona and they will be the ones driving the industry forward, through calm water or rough seas. ARCHSOL ARCHSOL remains focused on providing collaborative architectural solutions to a wide-range of healthcare clients including Banner Health, Dignity Health, HonorHealth and others. Aspirant Development With its first downtown Phoenix high-rise apartment (The Stewart) completed and over 50 percent leased, Aspirant has turned its focus to The Stewart’s baby brother – a 17-story, 254-unit…

Source: Associated Builders and Contractors In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of November 2019, the construction industry employed 145,000 more workers nationally compared to November 2018, even as the national NSA construction unemployment rate climbed from 3.9 percent to 4.4 percent over the same period, according to BLS numbers. This continues the trend of declining year-over-year growth in…

Groundbreakings 1. Townline Midtown Office, located at 2600 N. Central Ave. includes creating a unique lifestyle-focused office tower by re-envisioning and renovating the building lobby, common areas and landscape architecture in a style that’s modern, relevant, welcoming and timeless. parking garage. George Smith Partners expects to complete renovations in the fourth quarter of 2020. 2. Hines announced it will host a groundbreaking ceremony for its new 25-story, 379-unit luxury multifamily complex Adeline on January 14. 3. Arizona State University and the City of Mesa has broken ground on the ASU @ Mesa City Center development. The university will house its…

By Tasha Anderson for AZBEX Butler Design Group, on behalf of master developer, Plaza Companies, has recently submitted plans to the City of Scottsdale for the latest addition to the massive 1.2MSF Skysong mixed-use project. Skysong 6, also known in the architectural documents submitted to the city as Skysong 7, is planned as a new six-story, 340KSF, Class A office building and adjacent parking garage located on a +/-2.75-acre site at the SEC of the development on Scottsdale and McDowell Roads. The building’s design will include vertically dominant exposed cast-in-place concrete and masonry and glass projections on the lower levels.…

By Mark Cowling for Eloy Enterprise The Arizona Department of Transportation didn’t support the wish of Florence town officials for the proposed “North-South Freeway” to veer near downtown. ADOT has announced a draft environmental impact statement and preferred corridor for the potential freeway in Pinal County running from Interstate 10 to State Route 60. Florence Town Manager Brent Billingsley acknowledged it would cost more to build a bridge over the Gila River on such a route. “It’s a function of length, of skew. It is wider across there (near Florence).” But the town is still hopeful of benefiting from the…

By Mark Nothaft for AZ Big Media Over the past 15 years, the City of Glendale has invested more than $400M in infrastructure improvements to create a world-class environment for businesses large and small to thrive. The city’s Westgate Sports and Entertainment District straddling the Loop-101 has become a regional employment center with multiple Class A office buildings, Westgate Entertainment District, Tanger Outlets shopping, sprawling Cabela’s sporting goods and the Topgolf entertainment venue. The area is also home to 63,000-seat State Farm Stadium and the NFL’s Arizona Cardinals, the 17,000-seat Gila River Arena and the NHL’s Arizona Coyotes, and Major…

By Aly J. Yale for Forbes The new year is shaping up to be a good one for homebuyers—at least those interested in buying new homes. Not only are homebuilders more confident in the market than have been in 20-plus years, but recent construction numbers are surpassing expectations. In fact, according to the U.S. Census Bureau, residential building permits hit a 12-year high last month, surging 11.1 percent over the year. Housing starts were also up, jumping 13.6 percent over last November, while housing completions rose 7.3 percent. It’s the sixth consecutive month housing starts have grown. The developments, along…

Giving Back 1. PICOR Charitable Foundation (“PCF”) raised and donated nearly $79K in its 2019 cycle, 10 percent more than the previous high mark. With all event costs underwritten by in-kind community partners and PICOR corporate funds, 100 percent of the funds raised through the 25th Annual Pancake Feed were granted to Tucson-area youth charities. Per tradition, PICOR employees, family members and friends of the firm cooked and served pancakes and sausages for 1,600 visitors, alongside Starbucks Arizona’s willing volunteers. Awards & Accolades 2. Sheryl Palmer, president and CEO of Taylor Morrison Home Corp. was named Businessperson of the Year…

Sales Transactions 1. Partners Group purchased The Biltmore Center, a three building office complex totaling over 643KSF of office space on the NWC of 24th St and Camelback Rd, Phoenix, for $212M. Director Ben Geelan, Senior Managing Director Michael Leggett, and Analyst Nick Ray of JLL Capital Markets represented the seller, a partnership between Prospect Ridge and ViaWest Group. 2. Lincoln Property Company sold Grand 1, a four-story, Class A office space, totaling over 219KSF, located at 1101 W. Washington St., for $90M. Kevin Shannon, Ken White and CJ Osbrink from Newmark represented LPC in the sale of Grand 1.…

By Tasha Anderson for AZBEX The U.S. Army Corps of Engineers recently issued a Sources Sought announcement for preliminary planning information regarding a new ambulatory care center to be located at Railroad Avenue North and Irwin Street in Fort Huachuca. According to the announcement submitted to beta.sam.gov – the new Federal Contract Opportunities website that replaced FedBizOpps in November – the U.S. Army Corps of Engineers have sent out the notice to, “gain knowledge of interest, capabilities and qualifications of various members of industry, to include the Small Business Community: Small Business, Section 8(a), Historically Underutilized Business Zones (HUB-Zone), and…