Author: BEX Staff

By BEX Staff for AZBEX Having paid approximately $7M to SimonCRE for 10.8 acres of the 21-acre Residences at Prasada development site, The Wolff Company is planning to develop a multifamily community on the property. The Wolff Company was represented by Jake McClaughry and Brian Gausden with Western Retail Advisors, according to a local news report. The site is part of SimonCRE’s master-planned retail development The Village at Prasada at the SEC of Loop 303 and Waddell Road in Surprise, which includes more than 1MSF and initially opened in 2023. The Wolff Company provided details about the plan in a…

By National Association of Home Builders Economic uncertainty coupled with rising building material costs and interest rates resulted in a sharp decline in builder sentiment in April as the housing market enters into the heart of the spring buying season. Builder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is the lowest level since September 2025. “Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty,” said NAHB Chairman Bill Owens.…

Giving Back 1. Salt River Project sent two crews on April 18 to support the Light Up Navajo VII initiative, which provides electricity to remote homes in the Navajo Nation near Tuba City. The effort included collaboration with 53 utility companies from 24 states to expand access to power for underserved households. SRP has provided electricity to more than 128 homes since 2019 and contributed manpower, equipment and expertise to the project. The American Public Power Association and the Navajo Tribal Utility Authority organized the effort. Awards & Accolades 2. Kirk McClure, VP at JE Dunn Construction and Founder of…

Sales Transactions 1. Banner Health recently purchased an 18.81-acre plot of land at the SEC of Interstate 17 and Jomax Road from an entity tracing to Affinius Capital for $22.13M. The land is near the TSMC campus in north Phoenix. Banner officials have yet to announce plans for the site. 2. BHBC LLC acquired an office property at 225 W. Peoria Ave. for $5.35M. The 56KSF, two-story office building was built in 2001 and is situated on 3.99 acres in north Phoenix. Parker and Emily Ganem sold the property. Colliers’ Brian Ackerman represented the seller. The company’s Michael Marsh, Phil…

The City of Mesa Transportation Department is requesting the creation of a three-year pilot program focusing on small-scale transportation projects. The program would utilize $3M each year on projects like biking trails or pedestrian crossings. The request comes as the City has previously failed to identify the proper funding for several of these smaller projects. The delegation of funds is intended to streamline smaller projects instead of having to wait for grants or bonds. The annual $3M budget would come from reimbursement money for Maricopa Association of Governments transportation projects. The pilot program would be part of Mesa’s Capital Improvement…

By Roland Murphy for AZBEX The Public Works event in the BEX Leading Market Series is consistently one of the best attended every year, and 2026 proved to be no exception. Nearly 150 people signed up to come to SkySong on April 14 and hear the latest project news and updates from two of the Valley’s most dynamic public bodies. Following brief introductory remarks from BEX General Manager Bobby Raether, Grant Larson, Project Director at event sponsor Sundt Construction, introduced the day’s panelists: Goodyear City Engineer and Director of Engineering Steve Scinto and Maricopa Association of Governments Transportation Policy &…

By BEX Staff for AZBEX A long-planned but highly controversial municipal parking garage planned at 1st Street and Brown Avenue in Old Town Scottsdale continues to move forward, despite some vocal opposition. Scottsdale City Council approved a $3.8M contract to allow Chasse Building Team to begin demolition on the site and to purchase supplies and materials to start construction in its April 14 meeting. Plans call for a parking structure with one subterranean level, which is already in place, and three levels above ground. When completed, the project will provide 186 new parking spaces for a total of 412. Work…

By Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator rose to 8.6 months in March, according to an ABC member survey conducted March 23 to April 6. The reading is up 0.5 months from February and up 0.1 months from March 2025. The 15% of ABC member contractor respondents under contract to perform work on data centers had significantly longer backlog (10.6 months) than the 85% of contractors who are not (8.3 months). ABC’s Construction Confidence Index readings for profit margins and staffing levels increased in March, while the reading for sales fell. The readings…

Awards & Accolades 1. Lincoln Property Company’s Luke Field, a 2.4MSF industrial development at 13803 W. Northern Ave. in Glendale, has earned a Project Excellence award from the U.S. Green Building Council. USGBC said the LEED Gold-certified development earned the distinction because it represents a significant advancement in green innovation and sustainability outcomes in its market. Groundbreakings 2. Arizona State University has broken ground on the ASU Health headquarters, a five-story, 175KSF facility at 620 N. Fifth St. in downtown Phoenix. The $200M project will house the John Shufeldt School of Medicine and Medical Engineering, along with additional health-focused programs.…

By Roland Murphy for AZBEX With the Buckeye City Council having approved an 85-acre annexation in its April 7 meeting for ViaWest Group’s planned Buckeye 83 industrial development, the Planning and Zoning Commission will now take up the rezoning request needed to move the project forward. AZBEX reported on the annexation request last month. (AZBEX; March 6) The developer wants to rezone the 83.3-acre site at the SEC of State Route 85 and Interstate 10 to Business Park District. The undeveloped site, which was unincorporated Maricopa County land, carried Rural-43 zoning prior to the annexation, which allows for one dwelling…