Author: BEX Staff

By Tasha Anderson for AZBEX Plans for a proposed multifamily development, as part of a 52-unit adaptive reuse and mixed-use development project planned for the Five Points area in Tucson, has recently been submitted to Tucson’s Infill Incentive District – Design Review Committee. Flash TV LLC, a partnership of Central Barrio Development LLC and 2016 Marcel Dabdoub Family GSTT Irrevocable Trust according to the documents, is proposing to combine two parcels site at 902 and 912 South 6th Avenue and 17 West 19th Street, and demolish the two structures currently housed on the site. The structures used to serve as…

By Josh Martinez for Independent Newsmedia Plans for the Indian Bend Wash are in motion thanks to a recently-approved municipal use master site plan for a two-mile segment in south Scottsdale. The City Council approved on consent at its March 3rd meeting a MUMSP for the segment of the Indian Bend Wash between McKellips and Thomas roads, outlining design concepts for future upgrades for the area that includes Vista del Camino and Eldorado parks. Upgrades will come in phases as funding permits, city staff say in a report to council. In crafting the site plan, staff say they relied on…

By Suzanne Adams-Ockrassa for Casa Grande Dispatch Casa Grande is booming and the future is bright, Mayor Craig McFarland said at his annual state of the city address. City housing permits are up 322 percent since 2018, McFarland said. Permits for single-family houses this year have already exceeded 140 permits. Permits for new manufacturing businesses have increased by 19 percent since 2018 and the city’s commercial value has increased by about 101 percent. The city is fiscally in a strong position with very little debt and great bond ratings, he said. But even with the good economic times, the city…

Source: Associated Builders and Contractors Construction input prices fell 0.6 percent in February and are up 0.4 percent year over year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased by 0.6 percent but are up 0.3 percent compared to the same time last year. The three energy subcategories all declined from January, with crude petroleum down 16.3 percent, natural gas down 15.8 percent and unprocessed energy materials down 13.6 percent. All three were also down on a year-over-year basis. Softwood lumber was the only…

Awards & Accolades 1. Sundt Construction, Inc. and Central Arizona College (CAC) have received a 2020 Bellwether Award for their workforce development partnership. 2. Inside Tucson Business held their 2020 Women of Influence Awards on March 4th. The Real Estate Champion was Lani Baker, Vice President of Finance for Holualoa Companies. Promotions 3. Bryon Matesi has recently been promoted to President and Chief Operating Officer for Buesing Corp. Matesi has been with Buesing for 15 years and previously held the position as Executive Vice President (EVP) of Construction. 4. Arrington Watkins Architects recently celebrated its 25th anniversary with a new…

Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the $123M sale of West Sixth, a core-plus, condo-quality 375-unit/625-bed student housing community located just steps from Arizona State University (ASU) in Tempe. Peter Katz, IPA Executive Managing Director, alongside Steve Gebing and Cliff David, IPA Senior Managing Directors, had the exclusive listing to market the property on behalf of the seller and procured the buyer. 2. Inland Real Estate Group of Cos. recently closed on three Christopher Todd single-family rental communities in the West Valley for $110.86M. The three that closed are Christopher Todd Communities…

By Tasha Anderson for AZBEX Plans for the development of a new geriatric behavioral health hospital south of Mercy Road just southwest of Pecos Road was recently approved at the Town of Gilbert’s Planning and Zoning Commission meeting on March 4th. Applicant and developer, FJ Management, received approval of site plan, landscape plan, grading and drainage plans, elevations, floor plans, lighting, colors and materials for the project, dubbed Sana Behavioral Health Hospital. The developer also received approval for a conditional use permit to allow a hospital in the General Office zoning district on the 3.79-acre site at 2018 S. Mercy…

By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 4.5 percent in January 2020, from December 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 3.6 percent from 3.5 percent in December. In January 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 4.0 percent. The state had a net loss of 47,300 non-farm jobs over the month, which is less than the historical 10-year (2010-2019) average loss of 51,000 jobs. Trade, Transportation & Utilities had the largest net loss…

Awards & Accolades 1. Mesa’s Gilbert Road Light Rail Extension was among the most significant construction project of 2020, the Associated General Contractors of America announced. As a result, the project’s contractor, Stacy and Witbeck/Sundt, a Joint Venture received the association’s Construction Risk Partners Build America Merit Award for best new highway and transportation project. Groundbreakings 2. Graycor Construction Company has started construction on a new Class A hangar building at SkyBridge – a major master planned development at Phoenix-Mesa Gateway Airport that is slated to become the nation’s first-ever joint U.S. and Mexico inland port and customs processing hub.…

By Tasha Anderson for AZBEX The City of Mesa recently approved plans for a new 45.8KSF medical office building and clinic at its February 12th Planning and Zoning meeting. The applicant and architect on the project, Surgery Center Services of America, on behalf of developer, LMAD Development LLC, requested site plan approval for the currently vacant +/-4.5-acre site at 143 S. 63rd Street, in order to construct the one- to two-story LMAD Medical Office Building. According to the site plan submitted to the city, the project will be developed in two phases. The first phase consists of a 15.7KSF single-story…