Author: BEX Staff

By Tasha Anderson for AZBEX HonorHealth is requesting approval for a site plan, landscape plan and building elevations in order to develop a new multi-tenant medical office building at their Osborn Medical Center Campus in Scottsdale. The project, called the HonorHealth Neuroscience Institute, is planned as a five-story 116KSF outpatient clinic building located at 7242 East Osborn Road. According to the applicant’s submittal, the building will be situated on the east side of the Osborn Medical Center Campus, “creating a public west side and blocking off the view into the loading dock of the hospital.” The narrative submitted to the…

By Tasha Anderson for AZBEX The first week of May has come and gone, which in BEX’s world means another successful Private Development Summit has passed. More than 200 attendees gathered at the DoubleTree by Hilton in Tempe on Tuesday, May 7th, for an afternoon of looking into the current and future state of the private sector… and of course, the always famous happy hour complete with churro station. After BEX President and Founder, Rebekah Morris peered into her crystal ball to provide attendees with what the future has in store for private development (see pg 1), several speakers dove…

Awards & Accolades 1. Sundt Construction, Inc. was recently honored for its work on the City of Chandler’s Ocotillo Water Reclamation Facility (OWRF) Expansion Project. The AZ Water Association awarded the project the 2019 Wastewater Treatment Plant Project of the Year. The $120M project was a joint venture between Sundt and McCarthy Building Companies and was designed by Carollo Engineers. 2. Sundt Construction, Inc. was recently awarded its 23rd Associated General Contractors of America (AGC) Build America Award for its work on the APS Four Corners Selective Catalytic Reduction Retrofits. The award was presented during the AGC’s 100th Annual Convention…

By Tasha Anderson for AZBEX A luxury, high-density urban living residential development is being planned in order to draw a variety of residents to Downtown Avondale. The City of Avondale approved two requests submitted by Tiffany & Bosco, P.A., on behalf of Quyp Development Services, LLC at their April 18 Planning Commission meeting. The first, a General Plan Amendment for 11.4 acres east of the NEC of Fairway Drive and Van Buren Street from Urban Residential to High Density Residential. The second, a rezoning request from Agriculture and Community Commercial to Planned Area Development. The project, dubbed Cerro Vista and…

Source: ABI Multifamily ABI Multifamily has announced the $6.08M closing of land for the future home of ALTA Warehouse, a planned multifamily development in Phoenix. Located at 600 West Lincoln Street, the 7.33-acre site in a designated Opportunity Zone is one of the largest still vacant spaces in the highly revitalized Warehouse District of Downtown Phoenix. The ABI Multifamily Team of VPs Patrick Burch and John Klocek worked on behalf of the Buyer – Wood Partners, developers of the ALTA brand of luxury apartments. The preliminary plan for the site consists of 300 units in three 3-4-story buildings. A clubhouse…

Giving Back 1. Rosendin recognized all the students who took part in the 9th annual Racing the Sun program and competition. Rosendin has been a program sponsor since 2016, mentoring students and teaching them how to construct a solar powered go kart over the course of a school year. Racing the Sun is a science, technology, engineering, and mathematics (STEM) program that started in 2011 to teach students to solve problems using solar energy in a real-world experience. Awards & Accolades 2. Norris Design announced landscape designer Amy Webb has been named the 2019 Volunteer of the Year for the…

Sales Transactions 1. Investcorp has acquired an eight-building industrial portfolio spread across the U.S. for $170M. The properties house a total of 1.4MSF of space and are currently 100 percent leased. The firm did not disclose a seller in the deal. The properties are single-tenant distribution buildings located in eight major U.S. markets—Chicago, Phoenix, St. Louis, Charlotte, Cincinnati, Cleveland and San Antonio. 2. Mainstreet recently sold off the partially completed Rapid Recovery Center at 5151 East Pima St in Tucson for $14.04M to an affiliate of the Aspen Group. 3. A joint venture between Pisula Development Company and Harrison Street…

By Sammy Williams for AZBEX Old Dominion Freight Line, Inc. of Thomasville, NC announced plans to develop a 19-acre site located on the SEC of Crismon Road and Pecos Road in Mesa. The proposed project consists of a 5,450 square foot office building and 47KSF of warehouse space, which will serve as a cross dock service center facility. In a cross dock facility, transported goods are unloaded from a tractor trailer within the interior dock area for the short term and then subsequently loaded onto another trailer bound for another destination in the Phoenix area or to the broader national…

Groundbreakings 1. On behalf of SunCap Property Group, Graycor Construction Company has started construction on a new, 135.7KSF flex industrial building at the Gilbert Spectrum industrial project. The building kicks off development in the southern portion of the 63-acre project, which is situated at the SWC of Elliot and McQueen roads in Gilbert. Building One is scheduled to complete in late July. At build-out, Gilbert Spectrum will include more than 800KSF in eight to ten buildings ranging from 60KSF-200KSF. 2. The City of Peoria broke ground Tuesday on the 120-acre Paloma Park at Lake Pleasant Pkwy and the Loop 303.…

By Tasha Anderson for AZBEX Desert Ridge is quickly becoming a key development area with plans for continued growth over the next few years. A panel moderated by Christine Mackay, Community and Economic Development Director for City of Phoenix, and consisting of Rick Carpinelli, vice president of Acquisition Development for Crown Realty & Development; Rick Hearn, vice president of Leasing for Vestar; Rick Naimark, vice president of Program Development Planning for Arizona State University; and David Schwartz, Business Development and Site Planning Administrator for Mayo Clinic of Arizona, took the stage at Friday morning’s Valley Partnership meeting to discuss current…