Author: BEX Staff

Sales Transactions 1. Partners Group purchased The Biltmore Center, a three building office complex totaling over 643KSF of office space on the NWC of 24th St and Camelback Rd, Phoenix, for $212M. Director Ben Geelan, Senior Managing Director Michael Leggett, and Analyst Nick Ray of JLL Capital Markets represented the seller, a partnership between Prospect Ridge and ViaWest Group. 2. Lincoln Property Company sold Grand 1, a four-story, Class A office space, totaling over 219KSF, located at 1101 W. Washington St., for $90M. Kevin Shannon, Ken White and CJ Osbrink from Newmark represented LPC in the sale of Grand 1.…

By Tasha Anderson for AZBEX The U.S. Army Corps of Engineers recently issued a Sources Sought announcement for preliminary planning information regarding a new ambulatory care center to be located at Railroad Avenue North and Irwin Street in Fort Huachuca. According to the announcement submitted to beta.sam.gov – the new Federal Contract Opportunities website that replaced FedBizOpps in November – the U.S. Army Corps of Engineers have sent out the notice to, “gain knowledge of interest, capabilities and qualifications of various members of industry, to include the Small Business Community: Small Business, Section 8(a), Historically Underutilized Business Zones (HUB-Zone), and…

By Bill Helm for Verde Independent On Wednesday, December 18th, the Yavapai County Board of Supervisors approved three items related to building the county’s new jail in Prescott. Supervisors voted to approve the consent agenda item that allows the county to seek reimbursement of capital and certain other expenditures related to the construction and equipping of the $70M, property-tax-supported Yavapai County Prescott Criminal Justice Facility Project. The facility is to be located off Prescott Lakes Parkway, near the Juvenile Detention Center. According to the Yavapai County Supervisors’ agenda packet, the IGA would allow Yavapai County to seek reimbursement from the…

By Brandon Brown for Phoenix Business Journal A long-discussed entertainment district on Salt River Pima-Maricopa Indian Community land near Scottsdale could finally be taking shape, now that the group that controls the land announced December 27th a partnership with a commercial investment and development company. The proposed project, which still has many unknowns, would be built on the 125 acres at Loops 101 and 202 controlled by the Solanna Group, an economic development and investment firm owned by tribal members. It would include professional sports facilities, as well as entertainment and media production businesses. Currently Phoenix Rising FC plays in…

Source: Arizona Association for Economic Development Four southern Arizona city/town managers will speak at the Arizona Association for Economic Development’s (AAED) January luncheon. Mary Jacobs, town manager for the town of Oro Valley, Jamsheed Mehta, town manager for the town of Marana, Kelly Udall, town manager for the town of Sahuarita, and Michael Ortega, city manager for the city of Tucson, will address “Southern Arizona Year in Preview: ED Talks.” The luncheon will be held on January 22nd from 11:30 a.m. to 1:15 p.m. at the Arizona Inn, located at 2200 E. Elm Street in Tucson. The panel will share…

Awards and Accolades 1. At the annual awards breakfast held by Local Initiatives Support Corporation (LISC) Phoenix, Foundation for Senior Living, a frequent user of the Affordable Housing Fund, received the exemplary project award for its The Marist on Cathedral project in Tucson. Groundbreakings 2. Monroe Gardens Apartments, a 78-unit affordable housing project at 1441 E. Monroe St., Phoenix, recently broke ground, replacing the old A.L. Krohn East public housing complex. Completion is scheduled to open in late 2020. 3. CORE Construction has broken ground on the $23M Cherokee Elementary School rebuild project. Phase one will run through July 17,…

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…