Author: BEX Staff

Sales Transactions 1. Millenium Management recently purchased the 590-unit San Sonoma apartment complex at 9101 S. Priest Dr., Tempe, for $71.3M. The seller was Kitchell Development. 2. Blackstone Group recently purchased the 333-unit Elevation on Plaza Del Rio apartment complex at 13310 N. Plaza Del Rio Blvd., Peoria, for $69.9M. The sellers were Vedura Residential and Olympus Properties. 3. Blackstone Real Estate Investment just purchased four Valley mobile-home parks for a total of $55M. They are: Grand Missouri Mobile Home Park – 4400 W. Missouri Ave., Glendale. San Juan Mobile Home Community – 10810 N. 91st Ave., Peoria. Mesa Village…

By Tasha Anderson for AZBEX Long-awaited plans for the Digital Realty Data Center proposed for Mesa’s Elliott Road Technology Corridor have finally surfaced. Back in May 2017 the City of Mesa announced that Dupont Fabros Technology, Inc. – now known as Digital Realty – had purchased 56.5 acres of undeveloped land at the NEC of East Elliot Road and South Crismon Road in order to develop the new data center. According to a September 2018 article published by the Phoenix Business Journal, the plans still had not been submitted to the city. In late March, Jacobs Engineering Group Inc., the…

Awards & Accolades 1. Chris Loeffler, the founder and CEO of Caliber-The Wealth Development Company was recently presented with the Vistage Impact Award for making an impact on the group and demonstrating company growth and business development at the Vistage 2019 Arizona Member Excellence Awards. 2. The annual Outstanding Women in Business celebration drew more than 525 people to honor 25 local business leaders making a difference in the community. The full list of awardees can be viewed here. Boards & Commissions 3.Valley Partnership announced the addition of three new members joining the Board of Directors: Benjamin A. Graff, of…

Groundbreakings 1. SWP Contracting & Paving started construction on the ADOT US95 and Avenue 8E Intersection Realignment in Yuma April 1st. 2. Banner Health will begin construction on its new $60.4M, 40KSF emergency department in Sun City on Wednesday. The department will be an addition to the Banner Boswell Medical Center. Sun Health Foundation and Banner Boswell Medical Center will be hosting a groundbreaking ceremony at 9 a.m. at the medical center located on Thunderbird Boulevard and 103rd Avenue. 3. White Castle broke ground on the first Arizona restaurant for the 98-year-old family-owned business. Located at 9310 East Via de…

By Sammy Williams for AZBEX The latest in the BEX Leading Market Series found attendees gathered at SkySong in Scottsdale on Thursday, April 4th to discuss the ever-changing world of mixed-use development. BEX President Rebekah Morris kicked off the breakfast with an overview of the mixed-use sector, which comprises $7B in total construction costs around Arizona. Using information collected from the BEX Database, Morris described 105 projects $150M+ with 85 different owners/developers, 65 different design firms and 43 unique general contractors. “Forty one percent of these projects do not yet have a general contractor selected,” said Morris, one of many…

By Brenna Bailey for Arizona Daily Star A new high school is in the works for Tucson’s south side that would give hundreds of teens the opportunity to work toward industry certifications while earning a high school diploma. The high school, dubbed the JTED Innovative Learning Campus, will offer industry training in disciplines including culinary arts, medical assisting, mechatronics and more in a 50KSF “collaborative” learning space. The project is being led by the Pima Joint Technological Education District in partnership with Tucson’s largest school districts. The campus, planned for the NWC of Park Avenue and Interstate 10, will cost…

Sales Transactions 1. AllianceBernstein shelled out $211M for a 12-property, 2,182-unit portfolio of apartments. The seller was Western Wealth Capital. The portfolio consists of: Edgewater – 102 S. 4th Ave, Avondale: $21.75M Sandal Ridge – 645 N. Country Club Dr. Mesa: $19.9M Terrace Park – 8130 W. Indian School Rd, Phoenix: $20.1M Brookside – 6131 W. Thomas Rd, Phoenix: $17.8M Marble Creek – 5601 W. McDowell Rd, Phoenix: $21.65M Villa Serena – 4221 W. Dunlap Ave., Phoenix: $12.1M Urban Trails – 1620 W. Southern Ave., Mesa: $16.4M Penny Lane – 544 E. Southern Ave., Mesa: $14.25M Montego – 949 S.…

By Tasha Anderson for AZBEX Gilmore Planning & Landscape Architecture, on behalf of property owners Crisko, LLC and Kay L. Toolson, Trustee of the Kay and Judy Toolson Joint Revocable Trust UAD, recently submitted an application to the City of Mesa to rezone approximately 35.9 acres for the development of two industrial warehouse buildings located west of Hawes Road on the north side of Ray Road. The City of Mesa’s Planning and Zoning Board approved the request to rezone the property from Agricultural to Light Industrial with a Planned Area Development and a second request for site plan approval at…

Giving Back 1. Thanks to a creative way to test passenger weight on the new Gilbert Road light rail extension, Valley Metro, along with project contractors, Stacy & Witbeck and Sundt, donated tons of water to United Food Bank. The donation of 55 pallets, or 115,500 bottles of water will be distributed to unsheltered and homeless people during the extreme heat of the summer. Awards & Accolades 2. Alliance Residential Company has been awarded a Platinum level Phoenix Green Business Leader certification from the City of Phoenix. Alliance is the first multifamily company in Phoenix to achieve the Green Business…

Awards & Accolades 1. The AC Hotel by Marriott Tucson Downtown has been awarded the Leadership in Energy and Environmental Design (LEED) 2018 New Construction and Major Renovations certification. LEED certification identifies the hotel as a showcase example of environmental design. Groundbreakings 2. A shipping-container housing project called Stackhouse is ready to break ground at 941 N. Stone Ave., Tucson. All of Stackhouse partners are Tucson-based: architect Randel Jacob, manufacturer PVB Fabrications and web designer Nine25 Design LLC. 3. Abrazo Community Health Network announced it will start construction on a new 32.5KSF micro-hospital at 16815 W Bell Rd in Surprise.…