Author: BEX Staff

By BEX Staff for AZBEX A new 31-unit single-family attached townhome development could be coming to 1877 E. Hayden Lane, southeast of McClintock and University drives in Tempe, under a proposal from AZTL Developers. The owner has requested setback reductions and fence height increases for the project under requests for a use permit, two use permit standards and approval of a development plan review by the Tempe Development Review Commission. According to a local news report and project documents, the use permit and use permit standards for Lofts on Hayden Lane would reduce the front yard setback from 20 feet…

By Roland Murphy for AZBEX The Wolff Company has proposed a 336-unit apartment community on a nearly 18-acre site northeast of Apache Trail and Plaza Road. The planned Apache and Plaza Multifamily project has a density of 18.2 units/acre and is zoned B3 City Center, which allows for mixed residential and commercial uses. Residential densities of up to 40 units/acre are allowed with the issuance of a conditional-use permit. The developer has requested a conditional use permit and site plan design review. The request is scheduled for a hearing before the Apache Junction Planning and Zoning Commission this week. The…

Two projects concerning Rio Verde Drive could face changes and challenges, as some Scottsdale officials are pressing to reexamine and combine them into one overall effort. In a March 21 meeting of the Scottsdale City Council’s Budget Review Commission, Commissioner Brad Newman floated the idea of combining a planned $35M wildlife crossing/land bridge with an expected future Rio Verde Drive widening for cost efficiency and resource allocation. Newman’s idea was supported by Interim City Manager Greg Caton, who said there was a potential to realize significant gains in efficiency if the two projects’ timelines can be brought more closely together.…

The commercial real estate and construction markets are trying to anticipate their next, best steps following the Trump administration’s announcement of tariffs on more than 150 countries April 2. Markets dropped dramatically, and fears of price increases and the potential for delays in construction, sales and leasing were a commonly expressed concern, including fear of many large projects around the country being abandoned entirely. The scale of the tariffs was larger than many pundits had expected. More than 150 countries were hit with a minimum tariff of at least 10%, while Vietnam saw 46% and China was issued a 34%…

Giving Back 1. Brycon partnered with the Ronald McDonald House and hosted a dinner for the families staying at the main house near the Phoenix Children’s Hospital. The team handled everything from grocery shopping and meal prep to cooking, serving and cleaning. 2. Refrigeration School Inc. is hosting a career fair and open house for welding, HVAC/R and electrical programs on April 9 and 12. The events will provide prospective students with live demonstrations, guided tours, financial aid and career placement information, career insights and networking opportunities. Promotions 3. The Mesa City Council has unanimously appointed Scott Butler as the new City Manager.…

Sales Transactions 1. JLL and HJS Sims arranged $249.7M in bond financing for Integrated Senior Foundation’s senior housing portfolio throughout Arizona and California. The portfolio totals 430 units and includes financing for a 102-unit new development in Buckeye—Ativo of Sundance. The purchase included Ativo Senior Living of Yuma at 10565 S. Commercial Centre Loop in Yuma. The property consists of 79 units. 2. Blackstone sold Arches at Hidden Creek to Brookfield Properties for $95.4M. The 25.3-acre apartment complex is in Chandler at 1586 W. Maggio Way. 3. Copper Point, a 93.3KSF medical outpatient facility, was acquired by Transwestern Investment Group…

By Roland Murphy for AZBEX ATLAS Capital Partners and development partner Hawkins Development Company have acquired 38 acres in Mesa’s Elliot Road Tech Corridor for nearly $13.8M. In its March 26 meeting, the Mesa Planning and Zoning Board approved a preliminary plat and recommended approval of a rezoning request for the property at 4140 S. Signal Butte Road. Referred to as ATLAS Exchange in the company’s purchase announcement and Atlas – Mesa Eastmark in municipal project documents, the industrial development is planned as a “four-building, Class A industrial project… differentiated by its low-coverage building designs with large, secured and screened…

By Roland Murphy for AZBEX The Glendale Planning Commission has recommended approval for a rezoning request from Dignity Health to amend the planned area development zoning for 32 acres the company owns at the NWC of 99th and Myrtle avenues—to better facilitate healthcare-related development on the site. There were no votes against the measure in the March 27 hearing, and the request will now go to City Council for consideration. The initial Desert River PAD rezoning was implemented in 2008, changing the land entitlement for 110 acres from agricultural to PAD. There is currently a 67.5KSF hospital/medical office building on…

By Roland Murphy for AZBEX The Glendale Planning Commission has recommended approval for a rezoning request and a General Plan amendment from Alliance Residential to allow the development of a 368-unit apartment and townhome community on 20.23 acres near the SWC of 75th Avenue and Rose Garden Lane. Current zoning for the site is split between agricultural and planned area development. The land use designations in the General Plan are for low-density residential and parks and open space. The requests would rezone the property to high-density residential and change the land use designation for 18.82 acres to high-density residential, while…

By BEX Staff for AZBEX With smaller data center users having a difficult time finding space in the currently booming market, phoenixNAP | Global IT Services is planning to build a second data center at 3221 E. Elwood St. in south Phoenix specifically targeting that segment’s needs. The 530KSF center—phoenixNAP PHX02—will be located across the street from the company’s first data center, a 160KSF facility at 3402 E. University Dr., which was built in 2010, according to a local news report. phoenixNAP bought the 6.54-acre site for PHX02 in 2021 for $10.2M. PHX02 will have an initial capacity of 30…