Author: BEX Staff

By BEX Staff for AZBEX VanTrust Real Estate has announced plans for VT303 North, a 1.1MSF planned logistics and industrial building at the SWC of Northern Avenue and Reems Road in Glendale. According to the press release, VanTrust bought the 66-acre site in 2023 and has finalized the design and engineering for offsite infrastructure. VanTrust has developed several other projects in the area, including the 830KSF VT303 and the first phase of VT101, a two-building 310KSF development in the Glendale sports and entertainment corridor along Loop 101. VT303 North is the first speculative industrial project of more than 800KSF square…

By Associated Builders and Contractors The construction industry had 306,000 job openings on the last day of July, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings increased by 64,000 last month and are up by 77,000 from the same time last year. “The construction job opening rate rose to the highest level in over a year during July,” said ABC Chief Economist Anirban Basu. “Given the…

Groundbreakings 1. Construction is underway on Phoenix Sky Harbor International Airport’s Taxiway Uniform project, a $333M initiative to build a 2,060-ft taxiway connecting the west ends of the north and south runways. The multi-phase project will improve aircraft flow and operations and is expected to be completed in 2027. Early work includes realigning Buckeye Road and Sky Harbor Blvd. 2. DPC Companies has broken ground on Chandler Innovation Park, a three-building Class A industrial park totaling 327.8KSF on 21 acres at Arizona Avenue and Ryan Road in Chandler’s Airpark Area. Buildings will range from 39KSF to 190KSF with 28’ to…

Taiwan Semiconductor Manufacturing Company has broken ground on a 15-acre water reclamation plant to increase water recycling at its production site in north Phoenix. The Industrial Reclamation Water Plant is expected to become operational in 2028 and will have an initial water recycling rate of 85%. The goal is to reach up to 90%. The company’s current in-house water resource center has a 65% efficiency rate and converts industrial wastewater for use in systems supporting the company’s operations. Water from the IRWP will convert wastewater from TSMC’s fab sites to the ultra-pure quality necessary for chipmaking. The company has already…

By Craig McFarland/Pinal Partnership via Rose Law Group Located between the two largest cities of Arizona, Pinal Airpark has been working diligently for some time to increase its capacity. A fundamental step toward this goal is the recent approval for the installation of an air traffic control tower. Pinal County District 4 Supervisor Jeffrey McClure emphasized how, “This tower will facilitate the ability to grow this facility as well as the rest of the airpark”, helping it to keep up with the growth and development that Pinal County is seeing. Representative Juan Ciscomani (R-D6) has played a crucial role in…

By Roland Murphy for AZBEX Developer The NRP Group is requesting major site plan approval for a 336-unit affordable multifamily residential community at 1400 N. Promenade Pkwy. in Casa Grande. The 15-acre multifamily development is part of Walton Global Holdings’ 591-acre Casa Grande Commons Planned Area Development master-plan, which was granted a General Plan amendment and rezoning in December 2022. The proposed apartment site northwest of Florence Blvd. and Mission Parkway is currently undeveloped farmland, according to the staff report. Surrounding uses include vacant land to the north and west. The to-be-developed Promenade Village Build-to-Rent community site, which is also…

With Amkor Technology Inc. having moved its planned Peoria site from 56 acres in FIVE NORTH at Vistancia to a larger property in the Peoria Innovation Core, Peoria City Council has approved a development agreement that will let HonorHealth build a medical district on the Vistancia site. Under the agreement, HonorHealth will build an eight-acre medical district with an array of services, including primary, urgent and concierge care, along with other offerings, on part of the former Amkor site. HonorHealth also has options on another eight-acre parcel should future demand warrant it. Vistancia representatives said the HonorHealth agreement could eventually…

Environmental activist group The Center for Biological Diversity has filed a lawsuit in Maricopa County Superior Court against Arizona Department of Water Resources Director Tom Buschatzke alleging groundwater supplies in Benson are too low to support planned major developments and projects were approved using outdated data. The Villages at Vigneto, a 13,000-acre master-planned community that will have 28,000 homes, a golf course and multiple other developments if built, is central to the lawsuit. CBD alleges the Benson’s groundwater supply is insufficient to meet regulatory minimums. In order to build the Vigneto housing component, a 100-year supply is required. The complaint…

Giving Back 1. Employees of Brycon recently volunteered at St. Mary’s Food Bank, where they participated in the “Neighbor Distribution” event. The team filled more than 100 grocery carts with food and helped deliver them to recipients’ vehicles. Boards & Commissions 2. AZAGC announced three new board members: Victor Jimenez, President of Pulice Construction, Inc.; Dig Karki, Senior VP of Hunter Contracting Company, and Travis McCarthy, Senior VP and Southwest Regional Manager of the Transportation Group at Sundt Construction, Inc. Company News 3. Flagstaff-based Loven Contracting is celebrating its 40th anniversary on Oct. 21. In honor of the anniversary, the…

Sales Transactions 1. Lynn Morrison, LLC purchased the Ventana Plazaretail and office center at 5414-5455 N. Kolb Road in Tucson for $10.3M. WH Group #2, LLC, the seller, was represented by Arrow Real Estate Investment Services’ Samford Burstyn and Sam Wilson. Lynn Morrison, LLC was self-represented. 2. Larsen Baker brokered the $3.5M sale of Kolb Office Park, a two-building, 21.6KSF complex at 2090 and 2096 N. Kolb Road in Tucson. Camino Kolb Norte LLC of Phoenix, the buyer, was already a tenant in the property and will expand into the remaining vacant space. The buyer was represented by Realty One…