Author: BEX Staff

By Tom Blodgett for Community Impact A 25-acre water sports complex will be built on three lakes at the Gilbert Regional Park under construction in South Gilbert. The $35M water park will be a public-private partnership between Gilbert and The Strand @ Gilbert, a locally-formed company. Town Council approved the agreement by a 6-1 vote Feb. 21, with Vice Mayor Eddie Cook voting in dissent. John McLaughlin, Strand Resorts President and CEO, said the park is in the design phase and expects to begin construction in 90-120 days. He expects the park to open in summer of 2020. Amenities The Gilbert…

Sales Transactions 1. P.B. Bell Cos. has sold the 460-unit Laguna Village apartment complex in Chandler for $70.3M. 2. Cushman & Wakefield announced that a fund managed by Oaktree Capital Management, L.P. (“Oaktree”) purchased Rio West Business Park, a five-building, 297KSF office campus at 1621-2021 W. Rio Salado Parkway in Tempe, for $63.35M. Tracy Cartledge, Steve Lindley and Bob Buckley of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller, a joint venture of the principals of The Wolff Company and Leavitt Capital Companies. 3. Chicago Pacific Founders and its subsidiaries, CPF Living Communities and Grace Management Inc., have…

By Tasha Anderson for AZBEX The City of Tucson’s Main Gate Overlay District Review Committee heard a proposal from Core Campus at their February 6 meeting, for the development of a new mixed-use student housing complex planned for the SWC of Speedway Boulevard and Park Avenue. The project, called Hub IV at Park & Speedway, will be located on six parcels at 902, 910, 914 and 916 E Speedway Boulevard and will stretch from Park Avenue to Tyndall. The property is currently separated by an alley and is expected to be consolidated into either two parcels or one depending on…

Promotions 1. Hill International announced Patrick McGarry, CCM, has been promoted to Vice President. McGarry will be responsible for overseeing all of Hill’s projects throughout Arizona, Utah and Nevada. 2. Nick Barber has been promoted to Associate at Lee & Associates. 3. Van Tuyl Companies, Inc. and the Van Tuyl Family Office has announced the promotion of Jennifer Bongratz to Chief Operating Officer. New Hires 4. W.E. O’Neil Construction Company of Arizona has announced the addition of Robert Benson as Project Manager and Tyler McConnell as Project Superintendent to their Phoenix office. 5. Geoff Turbow has been hired on as a First Vice President with…

Awards and Accolades 1. PHX Architecture has been shortlisted for the Residential £2.5M-£5M (Project By Value) Award in the International Design & Architecture Awards 2019, with their Paradise Valley Estate entry. Groundbreakings 2. 1784 Capital Holdings LLC has broken ground on its ±140KSF Scottsdale Promenade Self Storage project at 7550 E. Paradise Ln. The Class A, self-storage project is scheduled for completion in 1st quarter 2020. TLW Construction, Inc. is the general contractor. 3. $3.3M in renovations have begun on the Sterling Springs Hatchery near Flagstaff. Improvements include new water delivery systems and concrete raceways. The project is expected to be completed…

By Sammy Williams for AZBEX Camden USA of Sherman Oaks, CA plans to nestle six four-story and one three-story apartment buildings on an 11.59-acre parcel situated between their existing Camden Hayden I and Camden Sotelo communities in Tempe. The 397-unit development, called Camden Hayden II and located on the SEC of North College Avenue and East Weber Drive, would also include construction of a dog park. With a density of 34.25 du/ac, Camden has proposed to designate the property as mixed-use rather than multi-family, citing the addition of two live-work units as a reason to meet zoning requirements. This would…

Source: Stream Data Centers Stream Data Centers, an industry leader in providing premium data center solutions, announced that it has acquired a 418KSF facility on 157 acres of land in Goodyear, Arizona, where it will establish a data center campus for hyperscale and enterprise customers in the Greater Phoenix region. Initially, Stream will redevelop the existing facility, which at full build-out will contain approximately 50 MW of critical load and will be fully operational for customers in the first quarter of 2020. This acquisition marks the company’s entrance into the Phoenix market and will enable it to scale with the needs of the area’s growing…

Sales Transactions 1. Northstar Commercial Partners sold a 418.7KSF distribution building at West Valley Logistics Center, 12000 N. 132nd Ave, Surprise, to Dalfen America Corp for $24.1M. Anthony Lydon, Bill Honsaker and Ryan Gilbert with Jones Lang LaSalle represented both the buyer and seller in the transaction. 2. Cushman & Wakefield completed the sale of North Hayden Commerce Center, a single-story, 103.5KSF building at 14000 N. Hayden Road, Scottsdale, for $16.4M. Hayden Center Investments purchased the property from 14000 N. Hayden Road, Scottsdale, LLC, a company formed by iStar Financial Inc. Paul Boyle, Rick Danis, and Michael Kitlica, with Cushman & Wakefield,…

By Tasha Anderson for Arizona Builder’s Exchange A proposed zoning map change for a new high-end condominium and commercial development is expected to be heard at the Bullhead City March 5th council meeting. DJL Enterprises, LLC is requesting a zoning map change from Public Land District to Residential Multiple-Family District and C2 General Commercial District, pursuant to the Mixed-Use Overlay District, in order to develop The Residences at Riverside. According to a recent article in Mohave Valley Daily News, The City’s Planning and Zoning Commission recommended approval of the change request on Tuesday, with a vote of 5-0. The Residences…

By Sammy Williams for Arizona Builder’s Exchange GYS Development of Colorado Springs is preparing to accept the decluttered possessions from Glendale homes and businesses in this era of tidying up. The developer announced their intent to build Camelback Self Storage at 5025 N. 99th Avenue, on the NEC of 99th Avenue and Camelback Road in Glendale. The three-story facility will house 700-800 unconditioned and conditioned units. The nine-acre parcel, owned by MGPC, LLC of Phoenix, will be subdivided as part of the Cornerstone on Camelback Planned Area Development. Camelback Self Storage will cover a 2.58 acre section of the property,…