Author: BEX Staff

Source: Arizona Department of Transportation The Governor’s Office and the Arizona Department of Transportation today announced Arizona has won a highly competitive $90M federal highway grant to help expand and improve Interstate 17 north of Phoenix, including a flex lanes system between Black Canyon City and the Sunset Point Rest Area. The Infrastructure for Rebuilding America (INFRA) grant, awarded to the Arizona Department of Transportation by the Federal Highway Administration, will be used as part of an estimated $320M project to add lanes along 23 miles of I-17 between Anthem Way and Sunset Point. Construction is scheduled to begin by…

Awards and Accolades 1. Arizona has once again earned the prestigious Gold Shovel Award from Area Development. In addition, Nikola Motor’s selection of Coolidge was named Project of the Year by Area Development. Groundbreakings 2. The first phase of the Mount Elden Middle School renovation began. Flagstaff Unified School District is clearing out the old building to make room for a two-story permanent building, which is scheduled to be completed as early as the start of the 2020-21 school year. Phase II will start in the fall, with most of the work occurring next summer. 3. Crews on Wednesday began…

By Tasha Anderson for AZBEX A request for a new hotel on .84 acres located near the intersection of Scottsdale and Thomas Roads is once again making its way through the City of Scottsdale’s Development Review Board. Gerald R. Kesler Inc. Architecture (GKI), on behalf of the owner, Krista R. Corporation, is requesting approval of a site plan, landscape plan and building elevations for the development of a +/-36.7KSF Country Inns & Suites Hotel at 7312 E. Thomas Road. The new limited service, three-story hotel will house 44 guest rooms, 22 rooms on each of the second and third floors,…

Giving Back 1. Just in time for the new school year, Western Wealth Capital gave out 3,500 backpacks on July 16, including 2,095 in the Greater Phoenix area alone. 25 communities in the Valley participated in Western Wealth Capital’s Fourth Annual We’ve Got Your Back event. Awards & Accolades 2. The Top 10 commercial real estate developers in Arizona, based on public voting for the 2019 edition of Ranking Arizona, are: Ryan Companies US Kitchell LGE Design Build Deco Communities ViaWest Group Hines Lincoln Property Company SimonCRE DMB Barclay Group 3. Former Peoria Mayors John Keegan and Bob Barrett were…

Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap, announced the $65.4M sale of Aventura, a 408-unit multifamily property in Avondale. Steve Gebing and Cliff David, IPA senior managing directors, represented the seller, Boston Capital, and procured the buyer, an institutional investment manager. 2. Investors Capital Group has purchased Domain 3201, a multifamily property located within the Casas Adobes area of Tucson. Aspen Square Management sold the property for $37.7M. Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors represented the seller and procured the buyer. 3. Rosewood Property Co. purchased the 283-unit Jefferson Chandler, 3950…

By Tasha Anderson for AZBEX EDP Renewables North America LLC (EDPR) is proposing to develop a large solar energy park at the NWC of the intersection of Bianco Road and Interstate 8 in Casa Grande. The Pinal County Planning and Zoning Commission reviewed a Comprehensive Plan Amendment request at its work session meeting yesterday, to redesignate 795 acres of private land from Moderate Low Density Residential and Employment to Green Energy Production. According to the documents filed with Pinal County, the project, named Casa Grande Carmel Solar Park, is proposed as a photovoltaic solar facility with an anticipated electrical output…

By Tasha Anderson for AZBEX The Cave Creek Town Council has approved a rezoning request of a 4-acre site south of the Carefree Highway between 52nd and 53rd streets, for the development of a new micro-hospital. The property consists of two parcels and is located adjacent to a Sprouts-anchored retail center that is currently under construction. Developer, United Real Estate Holdings, LLC wishes to rezone the property from Desert Rural Zone to General Commercial in order to build the 31.5KSF hospital. According to the documents filed with the town, the Abrazo Community Health-branded hospital will be a single-story facility with…

Groundbreakings 1. Optima real estate development firm is underway with its third and fourth luxury residential towers, including the $5M 7180 Optima Kierland. Optima Kierland Center has been named a pilot project for the city of Phoenix’s newly-adopted International Green Construction Code. Master-planned community embodies the design WIPof architects David Hovey, Sr. FAIA, Optima’s founder/CEO, and David Hovey, Jr. AIA. 2. Toll Brothers Inc. is moving dirt in Surprise for an 800-acre community it has named Sterling Grove. The company will invest about $250M to develop Sterling Grove, which is within the 3,200-acre Prasada master-planned community being developed by a…

By Tasha Anderson for AZBEX The City of Goodyear and Globe Land Investors, LLC (Globe Corporation) have recently issued a Request for Qualifications for a Design-Build firm for the development of the City Hall portion of the Goodyear Civic Square at Estrella Falls project. The project, located Adjacent to Bullard Wash, west of 150th Dr, between Monte Vista and McDowell Roads, is proposed as a four- or five-story, 125KSF Class A+ office building consisting of a 20KSF public library, a two-acre Civic Square Park, City Council Chambers and department work spaces, exterior public gathering spaces and lobby and customer services…

Boards & Commissions 1. Heidi Kimball, Senior Vice President with Sunbelt Holdings, has been selected as the new Chair of the Urban Land Institute, Arizona District Council (ULI Arizona), serving on a voluntary basis for a two-year term that started on July 1. ULI Arizona also announced Mark Winkleman, President of MGS Realty Partners, is the incoming Vice Chair, and Heather Personne, Managing Principal of Evolve Ventures, is the incoming Treasurer. Company News 2. Hylan West, A Phoenix-based construction firm that specializes in fiber and utility projects has expanded with a new Valley office in Mesa at 6350 S. Sossaman…