Author: BEX Staff

By Applied Materials Applied Materials, Inc. is working with Apple and Texas Instruments to bolster the semiconductor manufacturing supply chain in the United States. Applied is supporting Apple’s partnership with TI by supplying American-made chipmaking equipment from Austin, Texas to TI’s U.S. factories. Austin is home to Applied’s largest manufacturing and logistics facility. In addition, Applied plans to invest more than $200M in Arizona to establish a state-of-the-art facility for manufacturing critical components for semiconductor equipment. This investment builds on the more than $400M Applied has invested in its U.S. equipment manufacturing infrastructure over the past five years. Applied Materials…

By National Association of Home Builders Confidence in the market for new multifamily housing increased year-over-year in the second quarter, according to the Multifamily Market Survey released today by the National Association of Home Builders. The MMS produces two separate indices. The Multifamily Production Index had a reading of 46, up two points year-over-year, while the Multifamily Occupancy Index had a reading of 82, up one point year-over-year. The MPI measures builder and developer sentiment about current production conditions in the apartment and condo market on a scale of 0 to 100. The index and all its components are scaled…

Giving Back 1. The Terracon Foundation announced the establishment of a $50,000 endowed scholarship at Arizona State University to support civil engineering students in the School of Sustainable Engineering and the Built Environment, part of the Ira A. Fulton Schools of Engineering at Arizona State University. The funding will support an annual scholarship for one student. 2. The Arizona Parks and Recreation Association announced the 2025 Maintenance Rodeo, presented by CORE Construction, taking place as a pre-conference event on Monday, Aug. 25, at Steele Indian School Park in Phoenix. This hands-on event is designed by park professionals, for park professionals,…

Sales Transactions 1. Country Brook Apartments at 4909 W. Joshua Blvd. in Chandler recently sold for $109.5M. The 32-building property features 396 units. Colliers’ Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach handled the transaction, with Colliers Mortgage’s Luke Donahue and Patrick O’Donnell coordinating financing. The buyer and seller were not disclosed. 2. Stetson Village Shopping Center at 3800 W. Happy Valley Road in north Phoenix was sold to Longpoint Capital Partners for $71M. An entity tied to The Pederson Group sold the 197KSF shopping center. 3. Sterling Investors sold three buildings to Ares Management for $46.5M. The first…

By Roland Murphy for AZBEX – BEXclusive The City of Phoenix wants to rezone multiple vacant properties in two areas of the city as the first step in ultimately developing new housing in both areas. Both requests will go before their respective Village Planning Committees next week before advancing to the Planning Commission on Sept. 4. Maryvale – 35th & McDowell The first request deals with six individual parcels (Parcels A-F) and two clusters of parcels (Parcels G and H) north and south of McDowell Road between 31st and 35th avenues. The staff report refers to the properties as, “Generally…

By Roland Murphy for AZBEX In the face of significant and vocal public opposition, the Tucson City Council voted unanimously on Aug. 6 to direct City staff to end all negotiations with Beale Infrastructure for the Project Blue data center development and to rescind the City’s intent to annex the 290 acres planned for the site. Information from Beale Infrastructure said the company’s plans for a multi-phase, multi-site development would have generated 3,000 construction jobs, 180 long-term positions and $10M in annual revenue for the City of Tucson in the first phase. The company was also in the process of…

By BEX Staff for AZBEX Opponents of a planned “road diet” project approved by the City of Page, and opponents of other local and regional projects around the state, have been handed a major victory by the Arizona Supreme Court. The Court’s ruling in Roundtree, et al. v City of Page, et al. affirms residents of Arizona’s cities, towns and counties have the right to propose laws that nullify those put in place by elected officials. This applies even if elected officials have enacted a redevelopment plan and set staff to work on implementing it. According to a summary by…

By Energy Transfer LP Energy Transfer LP announced it has reached a positive financial investment decision for the expansion of its Transwestern Pipeline to increase the supply of natural gas to markets throughout Arizona and New Mexico from Energy Transfer’s premier asset base in the prolific Permian Basin. Transwestern’s Desert Southwest pipeline expansion will provide reliable economic supplies of natural gas to support the long-term energy needs for utilities and energy providers in the region driven by population growth, high-tech industry demand and data center expansion. The Desert Southwest pipeline expansion project consists of 516 miles of 42-inch pipeline and…

Awards & Accolades 1. Multiple Arizona projects were honored in ENR Mountain States & Southwest’s 2025 Best Projects competition. The awards included: Best Highway/Bridge Project: Kiewit for I-15 Virgin River Bridge No. 1 in Littlefield; Best Health Care Project: Layon Construction for Sage Memorial Hospital in Gando; Best Interior/Tenant Improvement Project: Gensler for TikTok USDS Scottsdale Tenant Improvement in Scottsdale; Best K-12 Education Project: the CHASSE Building Team for Larry C. Kennedy School-Campus Rebuild in Phoenix; Best Landscape/Urban Development Project: Valley Rain Construction Corp. for Ashler Hills Park in Scottsdale; Best Manufacturing Project: Hoffman Construction for Fab 52 (Project Eagle)…

By Roland Murphy for AZBEX The City of Phoenix has released a request for proposals looking for a developer to convert the site of the Regency Parking Garage at the SWC of 2nd and Adams streets downtown “into a dynamic, mixed-use project that will include a full-service hotel.” The RFP was issued July 31, and responses are due Oct. 28. A pre-proposal meeting and site tour are scheduled for Aug. 20 at 8:30 a.m. The site is currently home to the six-story, 202.5KSF Regency Parking Garage, which includes 22KSF of ground floor retail, four parking levels and a rooftop that…