Author: BEX Staff

By Lauren Castle and Lindsey Collom for The Arizona Republic One of the most notorious corners in Mesa should look different by March 2021. What are now fenced-off largely vacant lots on the northwest corner of Main Street and Country Club Drive are envisioned as a five-story, nearly 200-unit apartment complex with bottom-floor retail space. The city recently sold 1.3 acres, which surrounds the empty Bailey’s Brake Services building, to Chicanos Por La Causa, which is developing the land through a for-profit subsidiary. Construction is expected to begin by August. “We’re very excited,” Mesa Mayor John Giles said Wednesday. “This is going to be…

Sales Transactions 1. Kasten Long Commercial Group has facilitated the sale of Green Leaf on Bell, a 306-unit community at 1100 E Bell Rd, Phoenix. Green Leaf Partners purchased the asset from Evergreen Development for $61.7M. Linda Fritz-Salazar, associate broker, and Scott Trevey, senior associate, were part of the brokerage team that handled the deal. 2. JLL’s Capital Markets experts have completed the $31.8M sale of Sanctuary on 22nd, a 266-unit apartment community at 8530 N. 22nd Ave., in the heart of Phoenix. Managing Directors John Cunningham and Charles Steele led the Multifamily Capital Markets team handling the sale on behalf of the seller,…

By AZBEX Staff for Arizona Builder’s Exchange Northern Arizona Healthcare approved a $300M investment over three years, to expand their facilities and programs as part of their New Era Strategic Plan to better serve the Northern Arizona community. The plan, named NAH+ and described as a way to “to support a seamless continuum of care focused on health and wellness,” was approved by the NAH Board back in September 2018. The first community meeting presentation for the plan was held on January 14th. According to a press release issued by Northern Arizona Healthcare on November 19th, 2018, “Major initiatives are…

By Catherine Reagor for The Arizona Republic Development on a big chunk of northeast Phoenix’s popular Desert Ridge community is no longer on hold. That means more money could start flowing to Arizona schools. After years of contentious legal battles and bankruptcy filings, California-based Crown Realty & Development emerged as the winning bidder on the 96.5-acre parcel in Desert Ridge’s core called City North on Monday. Crown is paying $54M for the land that has been valued at more than $120M, according to court documents. Crown, which developed the Montelucia resort in Paradise Valley, also won the role to be…

Awards & Accolades 1. Small Giants, LLC has been selected as one of OUTSIDE Magazine’s Best Places to Work. The winning companies provide great workplaces for employees and encourage a balance between work and enjoying life in the great outdoors, while focusing on supportive work practices. 2. Achen-Gardner Construction recently won two prestigious awards at the Arizona Chapter Associated General Contractors of America 85th Anniversary Celebration Dinner and Awards Ceremony. The company received a Build Arizona Award for their City of Phoenix Val Vista Transmission Main Rehabilitation CMAR project, and Cesar Martinez, Safety Manager, received the Safety Professional of the Year Award.…

Groundbreakings 1. The Banner Ironwood Medical Center campus is growing in Queen Creek. Ground was broken Wednesday, Jan. 23, for the construction of a 60KSF outpatient medical office building on the far north end of the Banner Ironwood campus. Construction is estimated to be completed later this summer. Ryan Companies US, Inc. is the general contractor. 2. A new 6.3KSF building is going up at Ina Road Professional Center, originally platted and constructed the mid-1980’s. This new building will be a built-to-suit for Dr. Susan S Courtney Family Medicine. Caylor Construction Company is the general contractor for the project. Progress Reports…

By Tasha Anderson for Arizona Builder’s Exchange An application for Planning Hearing Officer Action for a new Veterans Administration Medical Clinic has been submitted to the City of Phoenix Planning and Zoning Department. The applicant, US Federal Properties Co., LLC, has requested modifications to previously approved zoning stipulations in order to develop a 5-story, 275KSF VA outpatient treatment facility at the northwest corner of 32nd St and Van Buren St. The 16.19-acre project site is mostly vacant with the exception of an office and retail building at the northeast corner. Along with the facility, the project will also include surface…

By Adrian Skabelund for Arizona Daily Star Flagstaff City Council will be reviewing a newly proposed student-centered housing development planned for a piece of land at the southwest intersection of Lone Tree Road and J.W. Powell Boulevard at the Jan. 29 meeting. The development, by the Austin, Texas based Campus Advantage, is planned for a 15.14-acre undeveloped parcel of land that is currently owned by Pine Canyon. The development would consist of a 196-unit development split into a dozen or so buildings and totaling 702 beds, according to documents provided by the city. In all, the buildings would total about…

Sales Transactions 1. The Standard, a 228-unit apartment complex near Hardy and University drives in Tempe, sold for $31.3M. Neil Sherman and Shane Benjamin of Sperry Commercial represented both the buyer, Tides Equities, and seller, 29th Street Capital. 2. Cushman & Wakefield announced that Pacifica Real Estate Group purchased Pecos Gateway Business Park, a 126KSF three-building industrial property at 8743 E. Pecos Rd in Mesa, for $14.6M. Bob Buckley, Tracy Cartledge, and Steve Lindley of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller, Boomerang Capital Partners. 3. Phoenix Commercial Advisors closed on the Shoppes at Parkwood Ranch, a 93KSF shopping center…

By Tasha Anderson for Arizona Builder’s Exchange A new mixed-use development planned for North Avondale is expected to shake things up by adding a multifamily and commercial element to an area comprised of mostly “homogenous, traditional single-family residences.” Avondale-Mirage Owner, LLC submitted a proposal to the City of Avondale to build the Rio Bonita Mixed-Use Development— a 219-unit townhome and 4-lot commercial PAD at the NWC of Indian School and El Mirage roads. The 25.5-acre site was approved and designated as Local Commercial in 2000 as part of the “Ryland at Indian School & El Mirage Roads General Plan and…