Author: BEX Staff

Giving Back 1. George Randall and Payson Concrete & Materials made their annual contribution to St. Vincent de Paul Food Bank and wrote checks to the Humane Society of Central Arizona; Payson Senior Center; Time Out, Inc., and Special Olympics. 2. For half a century, Chicanos Por La Causa has been spreading holiday cheer and promoting an active & healthy lifestyle at their annual celebration as a way to give back to the local communities it serves and brings a smile to “Angeles del Barrio” – the neighborhood kids. This year, CPLC celebrated the 50th Annual Angeles del Barrio Children’s Holiday Celebration and…

Groundbreakings 1. Arrowhead Builders, a Native American-owned GC, recently broke ground in Scottsdale on the 43-acre Sierra Bloom Wellness Campus with plans next year to break ground on a 119-room Holiday Inn. Sierra Bloom Wellness Campus will be built on Salt River Pima-Maricopa Indian Community land at the Loop 101 and 90th Street in North Scottsdale. The project comprises two phases of full site development. 2. Harsch Investment Properties broke ground last month on a 157.5KSF speculative building at the Tucson Airport Distribution Center Building B, 6860 S Brosius Ave, Tucson. Construction is expected to be completed by Nitti Builders by Q4…

By Roland Murphy for Arizona Builder’s Exchange Despite ups and downs around the country due to a variety of economic and environmental factors, the hotel development sector in Arizona continues to remain comparatively strong, as evidenced by two new planned Holiday Inn-related developments around the state: A Holiday Inn Express in Phoenix and a traditional Holiday Inn in Page. The AZBEX Database currently lists more than 100 projects in various stages of planning and development around the state in the Hospitality – Hotels/Resorts/Casinos sector. According to a release from CBRE Hotels Americas Research distributed on Hotel News Now, the U.S.…

Source: Associated Builders and Contractors National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released. Total nonresidential spending for the month stood at $763.8B on a seasonally adjusted annualized rate, which represents a 7.3 percent increase over the same time last year. Thirteen out of 16 subsectors are associated with year-over-year increases, with the exceptions being religious (-9.1 percent), communication (-4.7 percent), and healthcare (-1.0 percent). Water supply (+23.0 percent), lodging (+18.9 percent) and amusement and recreation (+16.2 percent) have generated the largest increases among nonresidential construction segments…

Sales Transactions 1. A partnership between Continental Realty Advisors and MLG Capital has acquired Tempe Metro, a 408-unit community in Tempe. Crow Holdings sold the property for $53.5M. This acquisition marks the third partnership between Continental Realty Advisors and MLG Capital. 2. Argenta, a 396-unit apartment community at 4104 E. Broadway Rd. in Mesa, has been sold to a California investor for $50.3M. The development offered opportunity for future value appreciation with extensive renovation and modernization. Argenta was sold by Millburn Company. The buyer was 29th Street Management III. Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix handled…

By Roland Murphy for Arizona Builder’s Exchange Arizona’s strength as a leading construction industry market got another boost this week, as it landed in third place among the 50 states and the District of Columbia on the 2018 Merit Shop Scorecard issued by Associated Builders and Contractors. The scorecard is, “an annual state ranking based on policies and programs that encourage open competition, education and job growth, and award construction contracts based solely on merit, regardless of labor affiliation,” according to the ABC announcement. Arizona received an “A” grade in six of the scorecard’s seven criteria: Project Labor Agreement Mandates Prevailing…

By Adrienne St. Clair for Arizona Builder’s Exchange The City of Tucson approved a development plan submitted earlier this year by SMDSK Encanto LLC for a mixed-use project that will be built at the SEC of Camino Miramonte and Speedway Boulevard. The Miramonte Mixed-Use project will end up being nearly 84KSF of residential, office, retail and restaurant space spread across five parcels of land that sit between the Rincon Mountains and the Tucson Mountains. While the project has been approved, it is still in the financing stage, according to an update provided by general contractor Lloyd Construction Company to AZBEX…

Source: NAIOP Arizona Chapter The Arizona Chapter of NAIOP elected officers and board members for 2019 at its November 6 board meeting. The 2019 Executive Committee is Molly Carson, Chairman, Ryan Companies US; Jim Wentworth Jr., Vice Chairman, Wentworth Property Company, LLC; Cathy Thuringer, Treasurer, The Trammell Crow Company; Rusty Kennedy, Programs Chair, CBRE; Danny Swancey, Secretary, ViaWest Group; Andrew Cheney, Immediate Past Chairman, Lee & Associates Arizona; and Larry Pobuda, Immediate Past Chairman once removed, The Opus Group. New 2019 Board Members are CJ Osbrink, Newmark Knight Frank; Danielle Feroleto, Small Giants; and Cooper Fratt, CBRE, representing the Developing…

Giving Back 1. For the fifth year in a row, Achen-Gardner sponsored and volunteered at the fall Sky Kids Fly Day Event for Special Kids held at Scottsdale Airport on November 3. This marks the twelfth local event for Sky Kids and for Achen-Gardner. 2. Achen-Gardner employees delivered turkeys to the United Food Bank and City of Mesa Great Turkey Tuesday event on November 20th. Boards & Commissions 3. During a special meeting on Nov. 9, Downtown Phoenix Inc. board of directors approved the appointment of Devney Preuss as new president and CEO, effective Jan. 1, 2019. Preuss succeeds retiring David…

Giving Back 1. For the fifth year in a row, Achen-Gardner sponsored and volunteered at the fall Sky Kids Fly Day Event for Special Kids held at Scottsdale Airport on November 3. This marks the twelfth local event for Sky Kids and for Achen-Gardner. 2. Achen-Gardner employees delivered turkeys to the United Food Bank and City of Mesa Great Turkey Tuesday event on November 20th. Boards & Commissions 3. During a special meeting on Nov. 9, Downtown Phoenix Inc. board of directors approved the appointment of Devney Preuss as new president and CEO, effective Jan. 1, 2019. Preuss succeeds retiring David…