Author: BEX Staff

Source: Arizona Public Service Company Arizona Public Service Company (APS) announced plans to add new solar and wind resources that will help expand the company’s renewable energy portfolio to about 2,500 megawatts by 2021 – enough to power more than half a million Arizona homes. The company plans to issue two Requests for Proposal (RFPs) by Sept. 15, 2019. The first RFP will seek competitive proposals for up to 150 megawatts of APS-owned solar resources to be in service by 2021. This solar generation will be designed with the flexibility to add energy storage as a future option. A second…

Source: Marwest Enterprises Marwest Enterprises is pleased to announce the successful joint venture for its new development known as Logic Park 91. The project consists of three buildings totaling 720KSF on 44 acres. The new $53M, Class-A industrial project will be located at the intersection of 91st Avenue and Buckeye Road in Phoenix. The project is expected to be completed by the end of 2Q 2020. Logic Park’s buildings will range from 230KSF to more than 250KSF of leasable space and will be delivered simultaneously to meet the market’s significant demand. The project was designed to provide tenants with a…

Source: Associated Builders and Contractors In June, estimated not seasonally adjusted construction unemployment rates fell nationally and in 40 states and increased in 10 on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. For the second month in a row, all 50 states posted construction unemployment rates of less than 10 percent. The construction industry employed 200,000 more workers nationally compared to June 2018, dropping the June 2019 national NSA construction unemployment rate 0.7 percent, from 4.7 percent to 4 percent, according to BLS numbers. “While severe weather,…

Groundbreakings 1. Three “state-of-the art” data centers that Microsoft Corp. has begun constructing in Goodyear and El Mirage will employ a total of 110 people in their first phases, which are planned to open around 2021. The first phase for the Goodyear sites will total 486KSF while the first phase of the El Mirage site will total 254KSF. 2. McCarthy Building Companies broke ground on construction of a new 220KSF medical tower at Dignity Health Chandler Regional Medical Center earlier this month. Slated to open in spring 2021, Tower D will bring the medical facility’s total bed count to 429.…

By Tasha Anderson for AZBEX The City of Phoenix has issued a Request for Proposals for a firm to redevelop the Regency Parking Garage site at 40 N 2nd Street, downtown. The 41.2KSF site currently houses the Regency Parking Garage, a multi-story structure with commercial space on the ground floor that provides parking for the Phoenix Convention Center. The City of Phoenix wishes the selected firm to “create an appropriately dense, infill redevelopment project that capitalizes on the Site’s prominent urban location and provide a mix of complementary land uses that facilitate urban activation, which may include office, hotel, retail,…

By Hayley Ringle for Phoenix Business Journal As solar investments by businesses grow across the U.S., Arizona is a leader with 148 megawatts of installed corporate solar projects, according to a recently released report. The Solar Energy Industries Association’s 2018 Solar Means Business Report, released July 25, said tech giant Apple Inc. is now the leading user of corporate solar in the U.S. with nearly 400 megawatts of installed capacity. In 2018, Apple announced its global operations were powered 100 percent by renewable energy sources. In Arizona, Apple’s $2B Mesa data center is purchasing solar power from the 50-megawatt Bonnybrooke…

By Wayne Schutsky for Scottsdale Progress A proposed 150-foot downtown office building surpassed a major hurdle on July 10 when it received thumbs up from the Scottsdale Planning Commission. Still, The Marquee, a class-A office building that would sit just north of the Scottsdale Galleria Corporate Centre on Scottsdale Road, did not win over every commissioner, with both Christian Serena and Ali Fakih expressing reservations they thought merited further discussion. The Planning Commission ultimately voted 4-2 to recommend the project for approval to the City Council. Both Serena and Fakih expressed support for the use, saying high-end office space makes…

Giving Back 1. The Tucson office of engineering consulting firm Terracon recently presented a $3,500 check from its foundation to Tucson Clean and Beautiful, which will use the money for its youth environmental leadership mentoring program. 2. Coe & Van Loo Consultants coordinated a clay shooting event to benefit Arizona Friends of Foster Children Foundation. 64 shooters participated in the event and earned $4,500. The Arizona Friends of Foster Children Foundation promotes self-esteem and enriches the lives of Arizona’s children in foster care by funding social, athletic and educational activities. 3. For the third year Adolfson & Peterson Construction is…

Sales Transactions 1. Institutional Property Advisors (IPA) announced the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold for $32.25M. David and Steve Gebing, IPA senior managing director, represented the seller, Mentor Properties, and procured the buyer, a joint venture between an affiliate of The Roxborough Group and SB Real Estate Partners. 2. Northland Investment Corporation recently announced the acquisition of The Canyons at Linda Vista Trail in Oro Valley. The property offers 228 one- to three-bedroom multifamily units across 13 acres and is Northland’s fourth acquisition in…

By Tasha Anderson for AZBEX The City of Mesa recently reviewed plans for the development of three new hangars at Phoenix-Mesa Gateway Airport, at its July 9 Design Review Board meeting. Winton Architects, Inc., on behalf of developer, Sun State Builders, is proposing to develop three hangars of various sizes south of East Ray Road and east of Power Road at 5559 S. Sossaman Road. The location is adjacent to the taxi lane, close to the runway. The project will be built as speculative offices for prospective tenants and will be developed in two phases. The first phase, or Hangar…