Author: BEX Staff

Giving Back 1. The Sundt Foundation awarded over $85K in grants to 30 Phoenix-area nonprofits during its third-quarter disbursements. The Sundt Foundation awards grants each quarter to area charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners. 2. The Sundt Foundation awarded a total of $41.9K in grants to 20 Tucson-area nonprofits during its third-quarter disbursements, with Outdoor Adventures for Wounded Veterans, Inc. receiving the highest grant $3K. Awards & Accolades 3. Kimberley Shapiro Poole, A 27-year architecture, engineering and construction industry veteran and vice president of…

Sales Transactions 1. Blackstone Group LP has dropped $100M to buy San Valiente Luxury Homes, the 604-unit apartment community at 2220 W. Mission Lane, Phoenix, from Millburn and Co. 2. Thayer Manca Residential LLC purchased the 368-unit Palm Canyon Apartments, 2255 W. Orange Grove Road, Tucson, for $40.3M from Domain Communities. The seller was represented by Art Wadlund and Clint Wadlund of Berkadia. 3. Westcore Properties acquired a new, 379.8KSF Class A industrial building on 22 acres at 8001 W. Buckeye Road, Phoenix, from a joint venture between Phoenix-based Wentworth Property Company and a private real estate fund managed by…

By Sammy Williams for AZBEX Empire Residential Communities Fund IV, LLC (The Empire Group) of Scottsdale plans to develop 17.36 acres located south of the SEC of 53rd Avenue and Olive Avenue in Glendale. The gated residential community, named The Village at Olive Marketplace, features 208 casita-style, single-story homes. “The Village at Olive Marketplace combines the best elements of a traditional single-family community with multi-family-like lease terms and management. The combination of these elements creates a desirable residential option with indoor/outdoor living areas maintained by a professional management company, without the mortgage payment or HOA fees of a typical single-family development,” the developer said in a statement. The Village…

By Sue Tone for Daily Courier Yavapai County Board of Supervisors approved a new Criminal Justice Center for the Quad Cities – Option one of three – after hearing from Facilities and Parks Director Kenny Van Keuren at the Wednesday, August 7th, board meeting in Prescott. Van Keuren presented three proposals, recommending Option one to the board: a 93.9KSF facility with 144 beds and two courtrooms, plus medical, food service administration and laundry. A co-located non-custodial mental health facility will be part of the facility that will total about $68M to build. The mental health facility is part of all…

By Nick Esquer for Chamber Business News Last year, Maricopa County saw the largest population increase of any county in the United States, adding another 81,244 residents to its desert clutches. That makes eight straight years of population gains, according to the Census Bureau. This impressive bump doesn’t account for the temporary residents who make up a hefty amount of the county’s population part of the year. We’re referring to winter visitors, including those from Canada who come down every year for warmer weather and leisurely living away from the chilling snow and biting cold. While those residents are considered…

Source: Arizona Department of Transportation In preparation for a project improving State Route 69 in Prescott Valley, the Arizona Department of Transportation will hold a public meeting Tuesday, August 13, so area residents can learn more about the planned work and ask questions. The meeting, scheduled for 6 to 8 p.m. at the Prescott Valley Public Library at 7401 Skoog Boulevard, will be an open house format with a formal presentation at 6:30. Representatives from the ADOT project team will be available to answer questions. The project along SR 69 will improve safety and traffic operations between Truwood Drive and…

Awards & Accolades 1. As Nikola Motor Company draws closer to developing a 1MSF plant in Coolidge, the hydrogen electric semi-truck manufacturer is gaining accolades. The most recent recognition by Area Development Magazine ranks the Nikola plan among five “Projects of the Year” for 2019. Groundbreakings 2. Harkins Theatres has started construction on a new $32M, 65KSF headquarters at McDonald Drive near the Loop101 in Scottsdale that will also include mixed-use space for a variety of retail tenants. Construction is expected to be complete in summer 2020. 3. 2438 N. Palo Verde Avenue LLC, developers of the former Motel 6…

By Tasha Anderson for AZBEX The Tempe City Council has approved beginning negotiations with developer, South Pier Tempe Holdings, LLC for the lease/sale and development of 11 acres of city-owned land at Pier 202. The City of Tempe wishes to redevelop the area on the south bank of Tempe Town Lake East of Scottsdale Road and North of Rio Salado Parkway into a new mixed-use development. In April, a Request for Qualifications was issued looking for a developer to purchase or lease and develop the 11 acres of lakefront property. According to the RFQ, the submittal and site plan should…

By Nick Esquer for Chamber Business News Last month, Arizona senators Martha McSally (R) and Kyrsten Sinema (D) joined forces in a show of bipartisanship by introducing legislation aimed at improving water supply infrastructure, giving local operators of federally owned facilities the resources and means they need to improve aging water treatment. The Water Supply Infrastructure Rehabilitation and Utilization Act hones in on giving aid to the Bureau of Reclamation’s (BOR) facilities that are in need of major upgrades or replacement. The total number of treatment facilities that fall under that category comes in at 80 percent. As those facilities,…

By Connor Dziawura for West Valley View Joe Dodani calls Tonopah his “Diamond City.” The land broker, who said he has 15 years’ experience with more than 200 transactions in the area, has seen the growth in the West Valley — growth that he said is poised to overtake Tonopah in the coming years. So, with that in mind, two of Dodani’s clients have made purchases amounting to a combined 242 acres of land in downtown Tonopah. Those clients — SLM Land Holdings and Phoenix physician Dr. Hetal Shah — each purchased about half of that land for $1,052,700, Dodani…