Author: BEX Staff

Source: Arizona Department of Transportation The Interstate 11 study team has been busy since the public hearings and the public comment period held earlier this year. The team continues to process more than 12,000 submissions received on the Draft Tier 1 Environmental Impact Statement and the Recommended Corridor Alternative. Each submission is logged, evaluated by the project team, and sorted according to the topics covered in the comments and questions. Ultimately, the Federal Highway Administration and the Arizona Department of Transportation will respond to public and agency comments on the Draft Tier 1 EIS when the Final Tier 1 Environmental…

Source: Attesa Danrick Builders has announced the design of its primary international road race circuit has been finalized and site plans submitted to Pinal County to initiate permitting. All land use entitlements are secured and construction of the new track, Arizona International Raceway @ Attesa will begin immediately upon county approvals. Attesa is Danrick Builder’s master-planned motorsports, entertainment and advanced technology research community located 43 miles from Phoenix Sky Harbor International Airport. The 2,355-acre property is within the metro Phoenix area just south of Casa Grande, and an hour from Arizona’s second largest city, Tucson. Attesa is an anchor of…

Source: Creighton University Maricopa County and Creighton University are working together to address a major challenge to the region’s prosperity and well-being: the growing shortage of doctors, nurses and other healthcare professionals. The Maricopa County Industrial Development Authority (IDA), backed by the Board of Supervisors, is investing $2.5M in the construction of the Creighton University Health Sciences – Phoenix Campus, which will train new doctors, nurses, therapists and more. “Creighton could have picked anywhere in the country to build this campus, but they chose to come to Maricopa County. That says something about the vibrant community we are building together,”…

Groundbreakings 1. Hines announced it will host a groundbreaking ceremony for its new 25-story, 379-unit downtown Phoenix luxury multifamily complex Adeline on January 14, 2020 at 10:00 a.m. The ceremony will be held at 222 E. Jefferson St. 2. U-Haul® International broke ground on a multi-million dollar, 54.2KSF conference and fitness center, a part of a corporate expansion in Midtown Phoenix. The two-story, state-of-the-art facility will be stationed along Roanoke Avenue between Central Avenue and 3rd Street, just east of the U-Haul corporate towers. It is scheduled for completion by December 2020. Carhuff + Cueva Architects, LLC, is the project…

By Rebekah Morris for AZBEX The final Leading Market Series (LMS) event for 2019 was held on Thursday, December 5, 2019, featuring Craig Coppola, Lee & Associates, Megan Creecy-Herman, Prologis, Jenna Borcherding, VanTrust Real Estate, Korey Wilkes, Butler Design Group, moderated by Rusty Martin with Graycor Construction. The topic of Office & Industrial was discussed, focusing on how much future construction activity will happen, constraints, opportunities and trends in the marketplace. Overview of the Office & Industrial Market Coppola and Creecy-Herman provided office and industrial statistics to put the current cycle into perspective. The focus on job growth and population…

By Mike Sunnucks for Rose Law Group Reporter The Phoenix City Council has voted to move forward with development of a new Latino Cultural Center. The council voted yesterday to designate the North Building at Margaret T. Hance Park as the preferred location for a new Latino Cultural Center. The park is located north of downtown Phoenix off Central Avenue. The City Council did leave the door open to other locations if they arise and can offer an economic development to south or west Phoenix. The council also approved a measure instructing city staff to craft a request for proposals…

By Rebekah Morris for AZBEX In early November 2019, a record-setting 6,800 high school students from across Arizona took part in the annual Construction Career Days event. This free two-day event enabled students to preview many facets of the construction industry in a hands-on and fun environment. The variety of careers and opportunities with and without a college education were highlighted with the goal being to promote industry careers at a time when the construction workforce shortage is hitting critical mass. The event is organized in Phoenix by the non-profit organization Arizona Construction Career Days and Executive Director Rose Ann…

Source: Associated Builders and Contractors In October, estimated not seasonally adjusted construction unemployment rates increased nationally and in 34 states, fell in 13 states and were unchanged in three states 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 October 2019, the construction industry employed 146,000 more workers nationally compared to October 2018, even as national NSA construction unemployment rate climbed from 3.6 percent to 4 percent over the same period, according to BLS numbers. This continues the trend of declining growth in construction employment. October’s…

Source: Associated Builders and Contractors Associated Builders and Contractors Chief Economist Anirban Basu forecasts continued momentum for the construction sector next year but advised an overall “wait-and-see” approach based on leading and lagging indicators and economic uncertainties, according to a 2020 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator that reflects projects under contract yet to be executed—climbed to nine months in August 2019, construction spending and employment—lagging indicators—have started to soften. Yet, while spending in private nonresidential categories such as office and lodging has decreased, public spending categories remain a bright spot. “Indeed,…

Giving Back 1. The Sundt Foundation awarded a total of $27.5K in grants to 10 Tucson-area nonprofits, including Student Expedition Program (STEP), during its fourth-quarter disbursements. Awards & Accolades 2. Kidder Mathews’ Chairman and CEO, Jeff Lyon, has been honored as a Power 100 leader by the Puget Sound Business Journal in the publication’s inaugural Power 100 list. The list is made up of people who have built iconic companies on a global scale; they are innovators and visionaries in their industry. 3. Newmark Knight Frank (NKF) announced that Managing Director Trisha Talbot, CCIM was awarded one of commercial real…