Author: BEX Staff

Consultant J2 Engineering and Environmental Design recently delivered its feasibility study for a sports complex under consideration along Interstate 10 between Dysart Road and Bullard Avenue. The findings were then discussed by Goodyear City Council and Parks and Recreation officials. Goodyear obtained the 129-acre property from Maricopa County in 2016 with the condition that it use the site for recreational purposes and maintain the location’s flood control function. The idea for the sports complex includes up to 15 soccer fields that can also be used for other purposes, such as special events. A 48-court pickleball facility, trails and walking paths…

By Roland Murphy for AZBEX – BEXclusive A trio of recently proposed hangar developments show the part Industrial; part Office niche continues to thrive and serve the Valley’s ongoing Landside Aviation needs. In April, we reported on the state of development and economic benefits of hangar and aviation-related development around the state. Since then, we’ve covered the planned expansion at Mesa’s Falcon Field—including six specific parcels slated for development—and a proposed four-hangar project coming to the Scottsdale Airport area. (AZBEX, April 2; April 10; May 14) Now, our up-and-coming project list shows three more potential projects in the development queue…

By BEX Staff for AZBEX A flareup of resident resistance has led to a continuance for the Cosanti Commons multifamily and mixed-use proposal in Scottsdale. As originally reported by AZBEX last July, the initial plan by High Street Residential for the 8.5-acre site at Shea Blvd. and Scottsdale Road was to redevelop a retail lot into a 239-unit multifamily community. That plan was subsequently revised downward to 196 units, and the development was renamed from Sundown Commons to Cosanti Commons. The name change reflects a partnership between the developer and The Cosanti Foundation, which will use part of the property…

Editor’s Note: Our June 4 column, “Land Use Attorneys and Strategic Planning Boost Projects’ Chances for Success,” called attention to the potential benefits of bringing legal counsel into the development review and approval process early. Some members of the planning and architectural community took exception to the scope of some statements in that article. In the interest of fair and complete coverage, we asked for and are running the following response from two industry leaders in that segment. (AZBEX, June 4) The recent article about navigating the complex process and political avenues in municipalities hopefully opened a few eyes on…

Company News 1. DQD Demolition and Saw Cutting has announced several changes to its leadership lineup, triggered by the impending retirement of Founder and President Richard Dickens at the end of 2024. Dickens will take on a new role as Executive Chairman of the Board and will continue as a shareholder. Twenty-six-year company veteran and shareholder Chris Christensen will be promoted and assume the role of President at the end of 2024. The transition has already begun. Project Managers Austin LaMotte and Mike Walz will, respectively, be promoted to head DQD’s Sales and Estimating group and lead DQD’s Production. 2.…

Sales Transactions 1. Stonelake Capital Partners purchased two industrial buildings totaling more than 726KSF for $108M in Goodyear. CIM Group was the seller. The first building was purchased for $67M and is a 450KSF building located at 2250 S. Litchfield Road. The tenants are Meyer Burger Technology AG and NPSG Global. The second building at 1685 S. Litchfield Road sold for $41M. It is more than 276KSF and is leased by Meyer Burger. 2. The Praedium Group has paid $64M for The Livano Deer Valley, a 242-unit apartment community in Phoenix. Steve Gebing and Cliff David of Institutional Property Advisors,…

By Roland Murphy for AZBEX We come into every year planning the way forward with the best information we have available. We draw on past performance to indicate future behavior, check the current pace and direction, and then estimate what’s going to happen next. As with every progression over time, it’s a good idea to check the path you’re actually traveling against the roadmap you set out at the beginning. This week, more than 200 people signed up to see and hear where the Arizona construction market is headed and compare that to the projections BEX research produced in our…

By Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator fell to 8.3 months in May, according to an ABC member survey conducted from May 20 to June 4. The reading is down 0.6 months from May 2023. Backlog declined on a monthly basis for every company size except those contractors with greater than $100M in annual revenues. On an annual basis, backlog is down for contractors of all sizes. ABC’s Construction Confidence Index readings for profit margins and staffing levels fell slightly in May, while the reading for sales improved. All three readings remain above…

By BEX Staff for AZBEX Developer Tony Mangat plans to open a luxury vehicle storage facility at the SEC of Glendale Avenue and New River Road in the next 12-18 months. According to local news reports, amenities at MG Storage Condos will include climate control, an 1,100SF clubhouse, a boat washing space and a dump station. The article identifies the design firm as RKAA and Campbell Development as the general contractor, with unit condo sales brokered by Davis Commercial AZ. The planned site on MG Storage Condos’ web page shows the clubhouse and six storage buildings with unit sizes of…

By BEX Staff for AZBEX Arizona may have ongoing concerns about its water supply, but a deluge of federal funding announcements has come out recently to ensure both the water, and the dollars, keep flowing. In a June 10 announcement, “Arizona Senators Mark Kelly and Kyrsten Sinema applauded funding they helped secure for three aging infrastructure projects totaling $12.445M.” The funds provided by the Bureau of Reclamation will go toward modernizing outdated water systems to strengthen long-term reliability. The projects and funding levels are: Glen Canyon Outlet Works: $8.945M; Bypass Drain O&M Access Road Repairs: $2.5M, and Deer Island Backwater…