Author: BEX Staff

Source: Arizona Commerce Authority Dot Foods, the largest foodservice redistribution company in North America, has announced it’s expanding its footprint in Arizona. The company plans to add nearly 70KSF to its current operation in Bullhead City and hire 70 additional warehouse employees and regional delivery drivers over the next three years to staff the growing operation. The Illinois-based company established operations in Bullhead City in 2017. The 190KSF Dot Foods Arizona distribution center includes refrigerated, frozen and dry storage and a garage to service the Dot Transportation, Inc., fleet. The expansion will nearly double the freezer space and expand the…

By Steve Burks for AZ Big Media Consistency may be boring, but when it comes to the commercial real estate outlook and the Greater Phoenix commercial real estate industry, no change is good for business. The United States is in what most economic experts feel are the latter stages of a growth cycle that is stretching into its 11th year. Many are signaling a global economic slowdown and are warning that could trigger the start of a recession in the U.S. However, commercial real estate experts in the Greater Phoenix market still see significant room for growth in all of…

Awards & Accolades 1. Gilbane Building Company, together with design partner DLR, accepted the ENR Southwest “Best Project Award” in Healthcare for their recent MIHS Maryvale project. Groundbreakings 2. Hines announced it has broken ground on Adeline, a 25-story, 379-unit luxury for-rent residential high-rise community at the Collier Center in downtown Phoenix. Construction is expected to finish in late 2020-early 2021. Leasing will begin in 2021. SmithGroup is the architect and Whiting-Turner is the general contractor. 3. Epicenter at Agritopia, a 320-unit multifamily and 49KSF retail development in Gilbert, broke ground on Thursday. Johnston and Co. and Streetlights Residential, the…

By Tasha Anderson for AZBEX A new assisted living, independent living and memory care development to be located at the former L.A Fitness site at the SEC of 32nd Street and Camelback is headed towards the City of Phoenix Planning Commission. Ryan Companies is seeking approval to rezone the approximately 5.86-acre site from Commercial Office, Major Office option, Special Permit, to Planned Unit Development. The request was recently heard at the city’s Camelback East Village Planning Committee meeting on January 7th. The project, called Clarendale at Arcadia, is proposed as a one- and five-story +/-250-unit licensed independent, assisted living and…

Source: Arizona Commerce Authority PVB Fabrications, Inc. (PVB), primarily a multi-disciplined general contractor and provider of quality welding and fabrication services for the commercial, utility, government, heavy industrial and mining sectors, announces plans to expand its headquarters in Marana. PVB has purchased 10 acres at 8037 and 8041 W. Tangerine Road, 85658 and is planning the construction of a new corporate headquarters to consolidate operations into one location. The new facilities will include a 15KSF administrative office building plus three separate 30KSF fabrication/production facilities. PVB is currently located at 911 W. Grant Road, 85705 and employs 375 people. The full…

Source: Real Estate Daily News Governor Doug Ducey applauded the passage of $152.4M in new federal funding to modernize the San Luis I Port of Entry in Southern Arizona. Designated as the number one priority port of entry in the United States by Customs and Border Protection, the San Luis I port is one of the busiest ports at the U.S.-Mexico border and the only port to receive this funding. In September, Governor Ducey sent a letter to Arizona’s congressional delegation urging them to support this critical investment. Last week, President Trump signed into law a $1.4T spending package, which…

By Howard Fischer for Capitol Media Services Just a year after approval of the much-heralded Drought Contingency Plan, Arizona lawmakers once again face tough questions of how to deal with the increased demand for water in the face of drier weather — and getting water to where it is needed. The 2019 plan provides some short-term relief for the state as Arizona is required to withdraw less from the Colorado River. While few are convinced that this provides a permanent solution, it could create some breathing room, especially for farmers whose river supplies are being cut. But the emerging problem…

Awards & Accolades 1. Cushman & Wakefield announced that Larry Downey, Vice Chairman at Cushman & Wakefield in Phoenix, has been awarded the designation of Counselor of Real Estate (CRE) by The Counselors of Real Estate organization. 2. The late Edward W. Bullard, inventor of the hard hat, is a 2020 inductee in the National Inventors Hall of Fame. It was the first commercially available industrial head protection device. Boards & Commissions 3. Denise Allen, Business Development Manager with Solutions AEC, is a new UMOM Executive Board Member. 4. Congratulations to the Center for JOC Excellence 2020 Southwest Chapter Officers:…

Sales Transactions 1. The ConAm Group purchased Silverbell Springs, a 290-unit multifamily community at 7759 N. Silverbell Rd., Marana, for $50.25M. Tyler Anderson, Asher Gunter and Jeff Casper of CBRE Multifamily Institutional Properties represented the sellers, a joint venture between The Bascom Group and funds managed by Oaktree Capital Management, L.P. 2. A private investor purchased The Springs at Continental Ranch, a 196-unit multifamily community at 7901 N. Cortaro Rd., Tucson, for 37.25M. Tyler Anderson, Asher Gunter and Jeff Casper of CBRE Multifamily Institutional Properties represented the sellers, a joint venture between The Bascom Group and funds managed by Oaktree…

By Tasha Anderson for AZBEX Despite construction employment and activity levels not reaching pre-recession peak levels, 2019 was still a very good year and 2020 is poised to be even better. Such was the theme of the BEX 2020 Construction Activity Forecast event, held Wednesday, January 8th at the Tempe Center for the Arts. Nearly 300 attendees gathered with anticipation to hear the state of the construction industry in 2019, as well as the top projects and players and future outlook in each market sector presented by Rebekah Morris, BEX President & Founder; Rachel Pratt, Vice President of Operations; and…