Author: BEX Staff

Awards & Accolades 1. CVL was recently selected as the ACEC 2018 Engineering Excellence Grand Award winner for the Thunderbird Road 16-Inch Water Main Replacement. 2. The Arizona Chapter of the American Public Works Association has recognized the $11M Alma School Road/Chandler Boulevard Intersection Improvement Project, a major intersection improvement project in Chandler as “Project of the Year”. Progress Reports 3. Rio Nuevo recently posted updates on the projects under its care. Caterpillar Tucson’s Mining Center: Construction is on time and on budget and expects tenancy to take place in March 2019. Sunshine Mile: 17responses received from local architects interested in…

By Roland Murphy for Arizona Builder’s Exchange A new 61.4KSF family entertainment center is planned in Mesa next to Sprouts Farmers Market in Longbow Marketplace near McDowell and Recker roads at the NWC of Recker and Longbow Parkway. Longbow is a master-planned mixed-use development planned for office, industrial, multifamily and retail uses, among others. A primary attraction includes a highly rated 18-hole golf course. Billed as a “next generation” facility in the project narrative submitted to the city, FatCats bills itself as a “center where most of the popular forms of family entertainment are all located under one roof.” The…

By Adrienne St. Clair and Roland Murphy for Arizona Builder’s Exchange Capital Industrial Holdings, LLC has submitted a proposal to the City of Scottsdale to build a new industrial project on the SEC of 91st Street and Palo Brea Bend. The development, which will be called Overlook 99, will be made up of four buildings, and together they will total 53KSF. The first building – Building A – will be a two-story office building, while Buildings B, C and D will be a combination of office and warehouse spaces with two-story offices. The proposal notes that loading areas will be…

Sales Transactions 1. A distribution center fully leased by Amazon.com Inc. located at 6835 W. Buckeye Rd in Phoenix, has sold for $98.3M. The sale was a partnership between the Koll Company and Seera Investment Bank, a private equity firm in the Middle East. The buyer was CrossHarbor Capital Partners LLC. 2. Cushman & Wakefield completed the sale of The District at Mountain Vista, a 384-unit Class A, garden-style luxury rental community at 1304 S. 105th Place in Mesa. South 105th AZ Partners, LLC, an entity formed by Cortland Partners, purchased the property from Kaplan Mountain Vista Apartments, LP, an entity…

By Rebekah Morris for Arizona Builder’s Exchange The final tally is coming in for this year’s budget season, namely, the Capital Improvement Plans for major municipalities. The next five years appear rosy for publicly funded infrastructure and public works projects, a boost of 7.28 percent in the five-year totals from last year. That is notable in percentage increase Y-o-Y and in the strength of recovery: The Top 10 programs have rocketed up 39 percent off the low set in FY15. Construction in the public sector depends on tax revenue, especially property taxes, revenue bonds and – in some cases –…

By Adrienne St. Clair and Roland Murphy for Arizona Builder’s Exchange Quyp Development Services, LLC has submitted a rezoning request to the City of Tempe to build a multifamily development on the NWC of Broadway Road and Country Club Way, just a mile and a half northwest of the Arizona State University campus. The new four-story, 100KSF project will be built on 3.7 net acres. The site was once a landscape nursery, but now is the only vacant property in the area. A variety of commercial and light industrial spaces surround the site to the north and west. To the…

Giving Back        1. Valley Partnership has announced Sunshine Acres Children’s Home will be the 2018 recipient of the Valley Partnership Community Project. The annual event brings together hundreds of leaders and members from the real estate and developmental communities for a day of service. This year, join hundreds on November 3 from 8 a.m. – 1 p.m. to build a park, garden, football field and playground for the youth of Sunshine Acres. Awards & Accolades 2. Phoenix Business Journal has released its list of Top Commercial Real Estate Brokers, determined by the number of local, licensed commercial agents. CBRE takes the…

1. Marwest Enterprises, LLC announced a joint venture for the four-phase planned development of The Landing at PMG, a new Class-A industrial project located on 20 acres adjacent to the Loop 202 and Phoenix-Mesa Gateway airport. The project’s $30M first phase consists of six buildings totaling 280KSF. It began construction earlier this month and is expected to complete at the end of 1Q 2019. 2. Driftwood Acquisitions & Development celebrated the groundbreaking of the Canopy by Hilton, Hilton’s lifestyle hotel brand, in Tempe. Slated to open as a 198-room hotel by January 2020, Canopy by Hilton Tempe Downtown University Area is located across the…

By Roland Murphy for Arizona Builder’s Exchange A site in Glendale at 59th Avenue and Butler Drive that has sat only partially developed for 40 years will be reborn as a niche apartment community under a proposal by Visiquest Properties, LLC. According to an announcement sent to AZBEX and select other outlets by Visiquest Principal Joel Broder, the 6.5-acre site at the SEC of 59th Avenue and Butler Drive was platted for townhome lots and partially developed in 1973 as Las Casas Contentas. The project website says only 20 of the 90 planned units were ever built. The site’s pool…

By Adrienne St. Clair for Arizona Builder’s Exchange The City of Scottsdale has approved a request by the St. Patrick Catholic Community to build onto the existing St. Patrick’s Catholic Church at the SEC of 84th Street and Desert Cove Avenue. The expansion will be completed in two phases. While some items of the first phase have already been completed, other Phase 1 tasks include adding additional parking (to lower the number of patrons parking on surrounding streets), converting the building’s water system from septic to sewer and making improvements to the Social Justice & Outreach House and Teen Center.…