Author: BEX Staff

Awards & Accolades 1. Kidder Mathews has been named an Inc. 5000 Fastest-Growing Private Company in America by Inc. Magazine. This is the sixth time the firm has received this prestigious recognition, also earning the distinction in 2018, 2017, 2016, 2015, and 2013. Inc. Magazine tracks private company growth and ranks it against national peers. The list represents a unique look at the most successful independent companies in the nation. 2. Kidder Mathews’ Chairman and CEO, Jeff Lyon, has been honored with the pinnacle Lifetime Achievement award by the Puget Sound Business Journal’s Commercial Real Estate Leadership Awards. New Hires…

Sales Transactions 1. Nike paid nearly $70M for the Lincoln Logistics 40 building in Goodyear near the Phoenix Goodyear Airport for their manufacturing facility. Nike anticipates opening the facility in 2020 and being fully operational within three and a half years of opening. 2. Santan Gem, LLC purchased Santan Gateway North, a 123.2KSF Walmart shadow-anchored shopping center at 1005 S. Arizona Avenue, Chandler, for $16.9M. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office represented the seller, GCCFC 2006-GG7 South Arizona Avenue, LLC (an entity formed by LNR). 3. Canvas Capital purchased two medical buildings owned by SKI…

By Sammy Williams for AZBEX Applicant, Huellmantel & Affiliates of Tempe announced plans that owner, Farmer Arts Lot 4 LLC will open the country’s second Vib (pronounced “vibe”) hotel on a vacant lot on the SEC of Farmer Avenue and 5th Street in Tempe. The 102-room, five-story Vib is an urban, boutique hotel brand operated by Best Western in Turkey, Thailand and Springfield, MO. The property will occupy 50KSF of the 1.26-acre parcel and will feature food and beverage services in the base of the hotel, in the pool area and on a portion of the rooftop. An outdoor dining area will be provided for the ground…

By Tasha Anderson for AZBEX Plans for the new Spectrum Camelback Residential Healthcare Facility development have been submitted to the City of Scottsdale. Applicant, Berry Riddell LLC, on behalf of developer Spectrum Retirement Communities, LLC, is requesting Development Review Board approval of a site plan, landscape plan and building elevations for the new, 111-bed “residential healthcare” senior living facility on a +/- 4.5-acre site at 8102 E. Camelback Road. The site is currently occupied by the vacant Le Cordon Bleu College of Culinary Arts building and is zoned Commercial Office (C-O) and Open Space (O-S). The City of Scottsdale approved…

Source: City of Goodyear At the August 19th Goodyear City Council meeting, the council unanimously approved the development agreement for Goodyear Civic Square at Estrella Falls. This will be a first-of-its-kind project in partnership with the Globe Corporation. Civic Square will serve as a highly-desirable community gathering spot for events such as festivals, concerts, and parades – creating a true sense of community. It will be located on the NWC of McDowell Road and 150th Drive, just west of Harkins Theater. Plans include several amenities including a city hall, library, and a park/gathering place. In conjunction with the city’s new…

By Cindy Barks for Daily Courier What Could the Prescott City Hall Property Become? More than a dozen developers, architects, and construction companies have indicated interest in answering that question, and possibly taking on redevelopment of the prime downtown Prescott real estate. The question is a part of the city’s months-long process of determining how best to use its land on South Cortez Street. Central to the issue is where the city should relocate its offices, should a developer come up with a viable proposal for buying/redeveloping the City Hall parcel. In early 2019, the ad hoc Mayor’s Commission on…

Awards & Accolades 1. Las Brisas Sunset Apartments, a 60-unit complex in San Luis for low-income seniors, has earned a statewide honor for the housing organization that developed it. The Comite de Bienestar on Wednesday received a Hero of Housing award by the Arizona Department of Housing. The award was given in the Exceptional Rural Multi-Family Project category during the state agency’s housing forum in Scottsdale. Groundbreakings 2. Balsz School District with McCarthy Building Companies and DLR Group announced the beginning of construction on Balsz School District’s Pat Tillman Middle School, 4309 E. Belleview, Phoenix. The middle school will include…

By Sammy Williams for BEX One Scottsdale, a mixed-use development situated at the intersection of Loop 101 and Scottsdale Road, continues to grow with the approval request for 22 acres of office, commercial, parking structure and hotel projects. In the Development Review Board (DRB) application, One Scottsdale developer DMB Associates unveiled hotel building elevations featuring a four-story, 123-room Hilton Home2 Suites hotel. According to plans submitted to the City of Scottsdale, two parking garages with a combined 2,100-car capacity will surround the hotel, in addition to two office buildings. One office building will be three stories and 180KSF; the other…

By Tasha Anderson for BEX The Gilbert Town Council voted Thursday, August 15th on a new multifamily development near the Gilbert Municipal Complex and the Town Square commercial development. Council approved a land use classification change and rezoning on approximately 10.32 acres comprised of five parcels at the SEC of Gilbert and Knox Roads. The applicant and land planner for the project, Iplan Consulting, requested a land use classification change from General Office and Neighborhood Office, to Residential > 14-25 DU/Acre, as well as a rezoning request from General Office to Multifamily/Medium. Developer, Watermark Residential is planning to build a…

Source: Curio Collection by Hilton Opwest Partners and Hilton announced a signed agreement that will bring Curio Collection by Hilton to Old Town Scottsdale’s Entertainment District. Adding to the brand’s growing portfolio, the property, developed by Opwest Partners, will increase Curio Collection’s presence in the western United States and around the world. “Curio Collection continues expanding to growing markets like Scottsdale to accommodate the growing trend of unique and one-of-a-kind travel,” said Arizona-based Corey Mitchell, Senior Director of Development Southeast Region at Hilton. “Opwest has designed this property with the guest’s experience at the forefront to provide a unique stay…