Author: BEX Staff

By Bob Burns for Fountain Hills Times Developer Jeremy Hall, a principal with Phoenix Interests, LLC, is proposing a 400-unit luxury rental complex for a 60-acre site in Fountain Hills. Hall and his partner, Neil Ginsburg, held an open house for interested public at the Community Center on Monday, Feb. 25. Neighbors closest to the site received invitations to the event. The site for the Daybreak project is located on the hillside previously approved for a conference resort on Palisades Boulevard just north of Shea Boulevard. There will be entries to the site located where the existing road cuts off…

Sales Transactions 1. Five apartment deals around the Valley that recently closed totaled 1,103 units and $196.6M. They are: Avion on Legacy, 7340 E Legacy Blvd, Scottsdale – Simpson Housing sold the complex for $88.3M to Alante at the Islands, 2222 N. McQueen Rd, Chandler – B. Bell Cos. sold the complex for $59.6M to CWS Capital Partners. Bell Tower, 17216 N. 33rd, Phoenix – Simone AZ sold the complex for $26.3M to KA Capital. Tuscano Village, 6816 W. Bethany Home Rd., Glendale – Ramana Korada and Greg Butcher sold the complex for $11.64M to Randy and Sarah Jo Lawrence. South…

By Tasha Anderson for AZBEX After the long-awaited $230M renovation plan for the Talking Stick Resort Arena passed with a 6-2 City Council vote on January 23rd, the City of Phoenix and Phoenix Area Development Limited Partnership (PADLP) wasted no time in issuing the Requests for Qualifications to get the ball rolling. The Arena, located at 201 East Jefferson Street in Downtown Phoenix, is home to the Phoenix Suns and the Phoenix Mercury and hosts more than 40 million guests. The Arena is in need of repair as the building’s infrastructure is approaching 30 years old. “Basic plumbing, electrical, the…

By Tasha Anderson for AZBEX The City of Tempe heard plans for yet another phase of the ongoing Grand at Papago Park Center master planned development at their February 26 Development Review Commission. DAVIS, the applicant and project architect, submitted a request for a development review plan for the project, also called Office Building C, on behalf of Papago Park Center, Inc. This is the fourth development requested within The Grand at Papago Park Center project, which according to the staff report, was originally approved by City Council in February 2013. Phase Four is planned as a 9-story, 224.9KSF office…

By Rebekah Morris for AZBEX March 1, 2019 marks the one-year anniversary of the Foster Arizona Housing Project that provides housing for young adults aging out of group homes and foster care in Arizona. The year-long experience has provided insight on the needs of this often forgotten population and the commitment of volunteers has driven the group to purchase property enabling them to expand this line of services. New Three-Unit Complex Needs Furnishings BEX is hosting a drive for household goods through March 22, 2019. Donations of new and gently used items will be collected at our office at 1690…

Giving Back 1. Sundt Construction, Inc. will celebrate Engineering Week by hosting an “Introduce a Girl to Engineering Day” event at its Tucson office on Friday, February 22. The girls will have a hands-on learning experience building a structure out of gum drops and toothpicks, followed by a short presentation from representatives of Sundt, Raytheon and Texas Instruments. 2. Central Arizona College recognized Vulcan Materials Co. for its recent donation of a Caterpillar 325 Hydraulic Excavator and a Caterpillar 988 Wheel Loader during a special dedication ceremony. The equipment, valued at more than $135K, will be used by students in CAC’s Diesel…

Awards & Accolades 1. Achen-Gardner Construction received a 2019 Public Works Project of the Year Award from the Southern Arizona Branch of the American Public Works Association (APWA) for their Arizona State Prison Bar Screen project for the Pima County Regional Wastewater Reclamation Department (RWRD). Members of the project team will accept the award at the APWA Awards Luncheon on March 28th. Groundbreakings 2. Beatitudes Campus held a groundbreaking ceremony on Thursday, to mark the start of construction on the senior living community’s 34 new patio homes. Located on the Myrtle Avenue side of the 27-acre community, the patio homes are part of a…

By Sammy Williams for AZBEX Developer Majestic Realty Co. of Phoenix is thinking big with a 10.7-acre site in Mesa designed to warehouse large vehicles. The Greenfield Industrial project is on the NEC of Greenfield Road and Virginia Street. The design, created by architect Commerce Construction Co. of City of Industry, CA, calls for two new, ground-up buildings of 87KSF and 71KSF. The warehouse/office concept with surrounding parking and circulation is designed to accommodate large vehicles, e.g. semi-trucks, fire trucks and refuse collection vehicles. The developer describes, “the warehouse building in the north portion of the property is oriented to…

By Tom Blodgett for Community Impact A 25-acre water sports complex will be built on three lakes at the Gilbert Regional Park under construction in South Gilbert. The $35M water park will be a public-private partnership between Gilbert and The Strand @ Gilbert, a locally-formed company. Town Council approved the agreement by a 6-1 vote Feb. 21, with Vice Mayor Eddie Cook voting in dissent. John McLaughlin, Strand Resorts President and CEO, said the park is in the design phase and expects to begin construction in 90-120 days. He expects the park to open in summer of 2020. Amenities The Gilbert…

Sales Transactions 1. P.B. Bell Cos. has sold the 460-unit Laguna Village apartment complex in Chandler for $70.3M. 2. Cushman & Wakefield announced that a fund managed by Oaktree Capital Management, L.P. (“Oaktree”) purchased Rio West Business Park, a five-building, 297KSF office campus at 1621-2021 W. Rio Salado Parkway in Tempe, for $63.35M. Tracy Cartledge, Steve Lindley and Bob Buckley of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller, a joint venture of the principals of The Wolff Company and Leavitt Capital Companies. 3. Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management Inc., have…