Author: BEX Staff

By Tasha Anderson for AZBEX Just as Axis Raintree, a three-story, 175KSF Class A office building, broke ground at 85th Street and Raintree Drive in Scottsdale, High Street Residential, the fully-owned residential subsidiary of Trammell Crow Company, has submitted plans to the city for a new multifamily residential development to be located right next door. High Street Residential is requesting a minor General Plan Amendment from Airpark Mixed-Use to Airpark Mixed-Use – Residential on +/-3.4 acres at 8501 E Raintree Drive, as well as a rezoning of the entire +/-9.64-acre site – which includes the site for Axis Raintree –…

Giving Back 1. Achen-Gardner Construction contributed to the AZAGC YCF Save the Family Holiday Adopt-A-Family gift drive and several of our employees volunteered their time to shop, wrap, and deliver the gifts. The gift drive raised more than $7,200 and provided holiday gifts to 12 families, including 16 adults and 34 children. Awards & Accolades 2. Patricia Thornton, principal architect with Arrington Watkins Architects has successfully completed the Design-Build Institute of America’s comprehensive education and certification testing program to achieve the design-build industry’s highest designation as a nationally certified Design-Build Professional.™ 3. Achen-Gardner Construction was honored with the Company of…

Sales Transactions 1. Heitman Capital Management purchased Aspire Tucson Student Housing, a 10-story tower at 950 Tyndall Avenue, Tucson, for $97M. Jaclyn Fitts, Executive Vice President, Student Housing with CBRE Dallas, William Vonderfecht, First Vice President, Student Housing, with CBRE Dallas, W. Michael Sandahl, Vice Chairman, Tucson Multifamily, and Casey Schaefer, First Vice President, Student Housing handled the transaction for the seller, Dinerstein Companies. 2. Liv Goodyear, a 326-unit multifamily asset in Goodyear, sold for $75.5M. Institutional Property Advisors (IPA) senior managing directors Steve Gebing and Cliff David represented the seller and procured the buyer, a Canadian private investor. 3.…

Source: Arizona Department of Transportation The Arizona Department of Transportation and partner agencies will hold an event Thursday, March 12, highlighting project opportunities to owners of small businesses and companies qualifying for the agency’s Disadvantaged Business Enterprise (DBE) program. The 2020 DBE & Small Business Transportation Expo, scheduled for 7 a.m. to noon at Glendale Civic Center, also will allow attendees to network with industry professionals and business owners and hear from transportation leaders including featured speaker ADOT Director John Halikowski. Also participating are the Phoenix Public Transit and Street Transportation departments, Valley Metro, the Maricopa County Department of Transportation…

By Tasha Anderson for AZBEX *Read to the tune of Jingle Bells Dashing to get home Vacation time is near Families rejoice The holidays are here, but oh-no, Year-end deadlines loom Those bid dates can’t be missed Proposals surely were not on our Christmas list, Bah Humbug! Shrubs and trees, ponds and weeds Casa Grande wants all maintained Grounds maintenance due Christmas Eve makes us want to complain! Oh, P3 for, I-17 To maintain, build and design Submit it quick to ADOT To be home by Christmas time! Show Low’s IFB’s Should really be a crime New sewer mains installed…

Source: Pegasus Group Holdings Pegasus Group Holdings, the largest renewable energy data center in the United States, announced that it is expanding its operations. The company, who already owns and operates a 717-acre, 340-Megawatt solar powered data facility known as The Hive, has just purchased an additional 770-acre parcel in Mohave County, code name “Firefly.” Dan Briggs, President and CEO of Pegasus Group Holdings said, “We have elected to expand our operations in Mohave County because it has been an ideal place to conduct business. Mohave County Supervisor Jean Bishop and Tami Ursenbach Director of Economic Development were instrumental in…

Awards and Accolades 1. Hines announced that its award-winning Offices at Chandler Viridian, a six-story, 252.4KSF building at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center, has recently earned Gold certification from the U.S. Green Building Council’s LEED® Core and Shell rating system. Groundbreakings 2.  Raul Hector Castro Port of Entry in Douglas is undergoing an extensive renovation, including inspection booth replacements and a pavement project, which began Monday. The project is scheduled to be completed in May. 3. Trammell Crow Company Phoenix has started the construction of Axis Raintree, a 175KSF Class A speculative…

By Tasha Anderson for AZBEX Scottsdale-based Cavan Companies is looking to add another “Bungalows”-branded multifamily community to Arizona, this time in Gilbert. Plans were submitted to the Town of Gilbert and were discussed at the December 4th Planning Commission Study Session. A minor general plan amendment and request to rezone approximately 15.91 acres just north of the NEC of Gilbert Road and Houston Avenue from General Commercial Zoning district with a Planned Area Development Overlay, to Multifamily Low Zoning District with a Planned Area Development Overlay, was also heard. The newly proposed development, called Bungalows on Ash, is planned as…

By Nanci Hutson for Daily Courier If Humboldt Unified School District was to simply fix and renovate its 10 school facilities so that they are “functionally” suitable as a learning environment for children, the price tag would be just under $25M. The Governing Board on December 10th was given a full report from a third-party contractor, ADM Group, that did a thorough inspection and review of all district facilities to determine needs, giving a priority listing of what should be done immediately and what projects can be spread over seven years. The report breaks down the cost totals in three…

Source: AZ Big Media The Arizona Corporation Commission (ACC) recently voted to reject a request from the state’s investor-owned utilities to set two-year contract terms for renewable energy projects under the federal Public Utility Regulatory Policies Act (PURPA). Instead, commissioners voted unanimously to set contract terms at 18 years, providing renewable energy developers the financial certainty they need to develop new clean energy projects in the state. Even in a state like Arizona, where solar and battery storage can cost billions of dollars less than coal power, short PURPA contract terms make financing far too risky for capital-intensive projects with…