Author: BEX Staff

Awards & Accolades 1. Achen-Gardener Construction’s Commonwealth Canal Promenade has won the Grand Award and the Best Small Project Under $2.5M Award from ACEC Arizona. Groundbreakings 2. FWD Partners, LLC broke ground on a 52KSF medical office project called Auviana, located at 14753 W. Mountain View Blvd, Surprise. Dan Astle with Edifice is the architect and Regency Plastic Surgery is the developer. 3. The Town of Marana broke ground on the Honea Heights Neighborhood Park, 12500 N. White Ave. The $400K park, designed by McGann & Associates, includes a 2KSF area with a 40-by-50-foot shade structure, as well as 2,500…

By Tasha Anderson for AZBEX Mesa’s Elliot Road Technology Corridor may see a new data center campus on a 102-acre parcel at Elliot and Signal Butte Roads. Sacramento, California-based RagingWire Data Centers is planning a flagship Arizona campus consisting of seven two-story buildings ranging in size from 165KSF-229KSF. The total development area for the project, dubbed PH1, is expected to be approximately 1.5M GSF. According to the design narrative submitted to the City of Mesa, “Much consideration was taken to layout the buildings on the site to balance functional and aesthetic interests.” Buildings containing offices, loading dock and amenity areas…

By Corina Vanek for Phoenix Business Journal Since the 1970s, billboard easements on the NWC of Central Avenue and Thomas Road have limited development possibilities on the otherwise vacant land. But after reaching an agreement with Clear Channel Outdoor Holdings Inc., Phoenix-based developer Pederson Group Inc. is planning a mixed-use high-rise on the site. The agreement with Clear Channel will move the billboards to the parking structure. The developer is requesting up to 350 feet in height for the building, which is consistent with nearby developments, founder Jim Pederson said. That height could allow for between 15 and 18 stories.…

By Joe Ferguson for Arizona Daily Star The Tucson City Council approved a conceptual proposal to redevelop the downtown Ronstadt Transit Center, building a new hotel, apartments, commercial space while retaining the bus station. The $60M deal with local developer Peach Properties would reshape the downtown landscape with four new high rises built mainly along North Sixth Avenue north of East Congress Street. However, the multi-year construction schedule would require the temporary relocation of the transit center. At this point, most believe Peach Properties will break ground sometime in 2021 if the federal government signs off on the project. The…

Giving Back 1. Nieves Riedel with Riedel Construction recently presented a check for $1,400 to the Spanish-language support group at Yuma Regional Medical Center Cancer Center. Awards & Accolades 2. RITOCH-POWELL & Associates (RPA) announced that Sara Reynolds, Marketing Coordinator, received the SMPS President’s Choice Award at the SMPS Arizona Phelix Awards on October 10th, 2019. 3. The 2019 Esperanza Latino Teacher Award honorees, from communities throughout Arizona, exemplify resiliency and academic excellence. After careful deliberation from an independent committee, Chicanos Por La Causa (CPLC) announced the following CPLC Esperanza Latino Teacher Award recipients: Daniel Garcia, Villago Middle School -…

Sales Transactions 1. Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced the acquisition of Phoenix Gateway Center, a 439.6KSF Class A office campus at N. 44th Street, Phoenix. 2. YAM Properties LLC has officially added The Shops at Norterra, located off the I-17 and Happy Valley Road, Phoenix to its growing portfolio of commercial real estate assets. 3. FPA Multifamily, LLC purchased Pinecliff Village Apartments, a 132-unit multifamily housing community at 1105 E. Poderosa Parkway, Flagstaff, for $21.35M. The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the…

By Tasha Anderson for AZBEX The City of Phoenix is preparing to issue a Request for Proposals sometime in the next couple of weeks for the redevelopment of a 1.68-acre city-owned parcel downtown. The property, located at 723 W. Polk Street, currently houses the Luke-Greenway American Legion Post No. 1 building; however, they were under a 99-year lease which ended on February 20th. In September 2018, an 18-month lease extension was approved to let the Legion celebrate its 100th anniversary at its original location. Phoenix City Council gave authorization to issue an RFP for the selection of a developer at…

Source: JLL According to the Q3 Industrial Insight report from the Phoenix office of JLL, metro Phoenix now has more than 10MSF of industrial space under construction – the highest level of year-to-date construction activity since 2007. Despite still-rising construction costs, the JLL report cites in-migration and a growing pool of skilled labor as key factors driving the growth. “Companies have recognized the favorable operating conditions in the Valley, and they are not only driving new industrial construction but are also committing to new spec projects prior to completion of their construction,” said JLL Vice President Riley Gilbert. “Phoenix has…

Groundbreakings 1. Trammell Crow Co. and a fund managed by CBRE Global Investors have started construction on a four-building, 27-acre, 356KSF industrial complex, called Park Aldea, to be built near State Farm Stadium at 99th Ave and Cardinals Way, Glendale. Construction is expected to be complete by Q2 2020. 2. A new Marine Mart is coming to the Marine Corps Air Station in Yuma. A ground-breaking ceremony for the future Flightline Marine Mart was held September 26th. The new mart is set to open in the fall of 2020. It will contain a barbershop, Marine Corps Exchange shopping center and…

By Tasha Anderson for AZBEX Tempe-based developer, Kuber Development Co. has recently submitted plans to the City of Scottsdale for a new hotel at the NEC of 68th Street and Camelback Road. Kuber Development is requesting approval of a zoning district map amendment to modify the currently approved site plan in order to build the new four-story, 123-room hotel, dubbed Springhill Suites by Marriott, as well as approval for a Parking Master Plan to reduce parking requirements. The site, located at 6808 E. Camelback Road, which is bound to the north by Scottsdale Fashion Center mall parking, a retail store…