Author: BEX Staff

Giving Back 1. Brycon partnered with the City of Chandler for its Operation Back to School event. Brycon employees donated time and money to equip and assemble 100 backpacks filled with school supplies. 2. Valley Partnership selected Sojourner Center as the beneficiary of the 2024 Community Project. Each year, Valley Partnership chooses a non-profit organization to provide facility improvements. Awards & Accolades 3. Bob Mulhern of Colliers Arizona was re-elected as Chairman of GreatHearts Arizona School Governing Board. GreatHearts Arizona has 25 tuition-free public charter schools spread throughout the Valley. 4. DCS Contracting, Inc. congratulated Eleuterio Maldonado for his 30 years…

Sales Transactions 1. Tides Equities LLC sold The Tides on Country Club, a 582-unit apartment community in Mesa, for $118.5M. The buyer was an entity traced to Geringer Capital. 2. YAM Properties sold Village Center, a 160KSF, Target-anchored shopping center in Phoenix, for $26.6M. Paradise Palm Plaza LLC was the buyer. 3. ABI Multifamily announced the $15.75M sale of The Ivy off Central Apartments, an 80-unit multifamily apartment community in Phoenix. The undisclosed buyer and seller were represented by ABI’s Phoenix-based Institutional Arizona Team—Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick. 4. Mark Ruble, Chris Lind and Zack House…

By Arizona Department of Transportation The Arizona Department of Transportation is seeking public input on a proposed update to its Electric Vehicle Infrastructure Deployment Plan that would add nine state highway segments to a planned network of fast-charging stations. The virtual meeting is scheduled for 6 p.m. Wednesday, July 10, on the proposal to add the following to a list that currently includes all interstate freeways, US 89, and portions of US 93 and state routes 64, 87, 95 and 347: US 60: Wickenburg to Phoenix, US 60: Phoenix to Globe, US 60: Show Low to New Mexico, US 93:…

By Roland Murphy for AZBEX The U.S. General Services Administration has announced commercial inspections at the U.S.-Mexico border at Douglas will relocate from the existing Raul H. Castro Land Port of Entry to a new facility 4.5 miles away once it is built. News reports say the Castro POE only has five inspection bays and cannot meet the needs of Customs and Border Protection. GSA will work to construct the new POE while simultaneously modernizing and renovating Castro. The decision comes after a nearly two-year environmental review of the new location. The new port will be funded under the Infrastructure…

By Roland Murphy for AZBEX Construction trade groups and the Goldwater Institute issued celebratory statements after Maricopa County Superior Court Judge Bradley Astrowsky ruled that a prevailing wage and a minimum wage are not the same thing, no matter how much some state and local authorities might wish it so. In a June 21 ruling, Astrowsky found the prevailing wage ordinances passed by Phoenix and Tucson in January violate an Arizona state law specifically prohibiting such actions. The ruling also held the cities’ legal foundation for taking their actions to be fundamentally flawed. The Goldwater Institute represented the Arizona Chapter…

The Tempe Development Review Commission has voted to recommend a student housing community that will replace the existing Moxy Phoenix Tempe/ASU Area hotel on almost four acres near the SEC of Rural Road and Apache Blvd. Vale Student Housing is proposed as an eight-story, 277-unit development. In addition to replacing the 186-room Moxy Hotel, a CVS Pharmacy on the site would also eventually be redeveloped. CVS currently has a ground lease in place and will not be part of the initial development. Units will range from studios up to four bedrooms, with two- and four-bedroom units comprising the majority. Having…

By BEX Staff for AZBEX A pair of resident opposition groups have won their appeals against Sedona’s approval of plans for the Oak Creek Heritage Lodge resort on 11.58 acres along Oak Creek. A development review request for the project, which would include a 70-room hotel and associated amenities, was approved by the Sedona Planning and Zoning Commission in April. Two opposition groups appealed that approval and were heard this week by the Sedona City Council. According to news reports, the first appeal, filed by Sedona Residents Unite, claimed the project proposed by R. D. Olson Development is inconsistent with…

Gov. Katie Hobbs has signed legislation that renews Phoenix-Mesa Gateway Airport’s status as a Military Reuse Zone. The Arizona Legislature created the MRZ status in 1992 to mitigate the impacts of military base closures. The airport had been home to Williams Air Force Base, which closed in 1993. The MRZ status allows for tax incentives targeting the development of aviation- and aerospace-related businesses and for the Phoenix-Mesa Gateway Airport Authority. The designation was scheduled to expire in October 2026 but is now in place until October 2031. The Authority and businesses can apply for a sales tax exemption and property…

Awards & Accolades 1. Area Development magazine has named LG Energy Solution’s Queen Creek plan as one of its 15 Manufacturing Projects of the Year and one of 10 Cleantech Projects of the Year. The magazine also named Amkor’s Peoria semiconductor packaging and testing facility as one of its 10 Non-manufacturing Projects of the Year.  2. Aligned Data Centers received a Green Globe for New Construction certification from Green Building Initiative for its Phoenix (PHX) and Chicago (ORD) data centers. Both data centers received a rating of three Green Globes for their design and construction, demonstrating outstanding success in resource…

The Gilbert Town Council has approved the boundaries for the Northwest Gilbert Redevelopment Area to encourage and support redevelopment in an area that is simultaneously home to 37% of the town’s jobs and also a leader in foreclosures, code violations, police calls and other signs of decline. The redevelopment area is bounded by Baseline Road on the north, Ray Road on the south, Arizona Avenue on the east and Lindsay Road on the west. While the approval identifies the targeted area for redevelopment, there are no specific goals or plans in place yet. Town staff will conduct an outreach program…