Author: BEX Staff

By Mark Carlisle for Independent Newsmedia Litchfield Park’s Planning & Zoning Commission and City Council are considering what types of businesses and other land uses to permit in the planned downtown City Center project. By the end of the year, City Council will take action on new general plan and zoning designations that will outline allowed land uses and design guidelines for the planned downtown commercial and entertainment center. By law, any major general plan amendment must be acted on by City Council in the same calendar year it is proposed. Planning consultant Jason Sanks said the general plan designation…

By Fara Illich for DTPHX Since 2016, technology and coworking companies have leased 620KSF of office space in Downtown Phoenix – a 1.7-square-mile area that many thought would never attract tech. For decades, companies looking to open or relocate passed over downtown for places like Chandler, Scottsdale or Tempe. The popularity of suburban office parks in the ‘80s and ‘90s didn’t help. A pervasive stigma lingered over downtown, and even after that began to turn around in the 2000’s, some developers and commercial real estate brokers still pigeonholed Phoenix’s urban core as a place with no parking, amenities or workforce.…

Awards & Accolades 1. The Walsh Group is ranked as the No. 1 Water Treatment and Desalination Plant Contractor in the United States, according to the 2019 rankings from Engineering News-Record (ENR) magazine. The company has been listed as the top-ranked water treatment and desalination plant contractor since 2014. 2. Dr. Sheila D. Harris, Founding Director of the Arizona Housing Finance Authority and former Deputy Chair of the Federal Reserve Bank of San Francisco, has been named International Member of the Year of Lambda Alpha International. Company News 3. ReStore Agency is partnering with industry leader Colliers International in Arizona,…

Sales Transactions 1. MG Properties Group recently paid $110.25M for the 512-unit Biscayne Bay Apartments, 300 E. Warner Road, Chandler, from AllianceBernstein US Real Estate Partners. 2. Broadstone Real Estate paid $90.2M for two Hensley Beverage Co. properties in metro Phoenix. One is a 305.9KSF Hensley industrial building at 4201 N. 45th Avenue, Phoenix, and the other is a 230.8KSF distribution center at 2555 N. Nevada Street, Gilbert. 3. CBRE has obtained a $59.47M bridge loan for the acquisition of Camelback Esplanade III, a 218.4KSF Class A office building in metro Phoenix’s Camelback Corridor. Bruce Francis, Bob Ybarra, Dana Summers,…

By Tasha Anderson for AZBEX A unique, urban-style luxury multifamily residential development is being proposed just east of the SEC of Washington Street and the Loop 202 Freeway in Phoenix. Applicant and Land Use Attorney Earl, Curley & Lagarde, P.C., on behalf of Santa Monica-based Banyan Residential, submitted a request to the City of Phoenix to rezone approximately 4.79 acres of underutilized land at 5321 E. Washington Street to Mixed-Use in order to construct the 223-unit multifamily community, dubbed Banyan Washington. Banyan Washington will consist of three, five-story buildings that will house a mix of studio, one- two- and three-bedroom…

Source: AZ Big Media Legacy Traditional Schools is building a second school in the Surprise area, located at Cactus Road and Cotton Lane. The West Surprise school, which is Legacy’s 16th Arizona campus, is scheduled to open in the fall of 2020. Legacy Traditional School – West Surprise will open its doors at a brand new 83KSF facility located west of Arizona State Route 303. The new school will serve grades K-8. In addition to an accelerated, rigorous curriculum, Legacy’s new campus will offer: Tuition-FREE K-8th Grade Mozart Performing Arts and Momentum Fitness programs for students in grades 3-6; Free…

Source: Arizona Department of Transportation The Arizona Department of Transportation wants your input on potential projects to improve safety and mobility on State Route 87 between Fountain Hills and Payson, a popular route for those traveling to the high country. ADOT is conducting a Corridor Development Study along the 59-mile stretch of SR 87 to improve safety, mobility and the needs of commercial vehicles. Several potential roadway improvements have been identified to improve corridor mobility and safety, including climbing and passing lanes, shoulder improvements, rock fall mitigation and traveler information systems. Area residents and those who travel the SR 87…

By Felicia Fonseca for Arizona Daily Sun The U.S. Forest Service, faced with the slow pace of forest thinning, is seeking proposals to remove dense stands of trees in a wide swath of Arizona to help prevent wildfires. The work is part of the Four Forest Restoration Initiative, the largest project of its kind within the Forest Service. It eventually will cover 3,750 square miles along a prominent line of cliffs that divides Arizona’s high country from the desert. The bidding opened Monday for work on up to 1,278 square miles in parts of the Kaibab, Coconino, Apache-Sitgreaves and Tonto…

Source: Associated Builders and Contractors U.S. construction industry leaders’ confidence diminished somewhat in July 2019, yet they remain optimistic regarding nonresidential construction’s near-term prospects, according to the Construction Confidence Index released by Associated Builders and Contractors. While contractor confidence regarding sales, profits and staffing levels declined for a third consecutive month, all three principal components measured by the survey remained well above the diffusion index threshold of 50. More than 60 percent of contractors expect sales to increase over the coming six months, while more than 56 percent expect staffing levels to increase and 52 percent expect profit margins to…

Groundbreakings 1. A block party and groundbreaking ceremony will be held on October 7th to celebrate the beginning of construction on Thunderbird School of Global Management’s $75M, state-of-the-art global headquarters facility on Arizona State University’s Downtown Phoenix campus. Jones Studio, Inc. is the architect and Okland Construction is the general contractor. Construction is expected to be complete in 2021. 2. Creighton University will mark its commitment to expanding health education in Phoenix with a ceremonial groundbreaking of the nearly $100M, 180KSF home of its new Health Sciences – Phoenix Campus at Park Central, 3100 N. Central Avenue, on September 25th.…