Author: BEX Staff

Company News 1. Northern Arizona University hosted a Construction Management Career Fair in Flagstaff on Feb. 28. B&F Contracting, Inc. Project Manager Marco Velarde and Assistant Project Manager Andrea Groak visited with students and discussed career opportunities in the underground utilities industry. 120 students met with general contractors and discussed potential internship opportunities in the construction field. 2. Mark-Taylor is celebrating 40 years in the multifamily industry. The company has formed a C-suite leadership team in response to its growth and innovation. All C-suite members have been previous leaders at Mark-Taylor. These inaugural members include: John Carlson, Chief Executive Officer;…

Sales Transactions 1. On Feb. 28, Verde Fiesta LLC acquired the former Fiesta Mall site between Southern Avenue and the U.S. 60 near Alma School Road. MMCP, LLC sold the space for $24M. Cashen Realty Advisors brokered the deal, and Ray Cashen represented the seller. The buyer intends to repurpose the area into a mixed-use development featuring multifamily housing, commercial and office spaces, and a central village green. 2. CBRE has negotiated the $23.48M sale of The Forum at Gilbert Ranch, a  97KSF, Class A office campus on 6.56 acres in Gilbert, to a private high-net-worth 1031 investor. CBRE’s Geoff…

By Roland Murphy for AZBEX The Casa Grande Planning and Zoning Commission will meet this week to discuss a proposal and set of requests to build a 120KSF self-storage facility on 4.5 acres of General Business-zoned land near the SWC of Florence Blvd. and Arizona Road. Developer PSC Storage has requested a conditional use permit, major site plan and preliminary plat approvals. Self-storage is an allowed use under the current zoning with a CUP and major site plan, according to the staff report. The preliminary plat would combine the property lot into a single parcel. Surrounding uses at the undeveloped…

By Arizona Medicaid Health Plans and LISC Phoenix The Housing is Healthcare Fund by the Arizona Medicaid Health Plans, a model collaboration for affordable housing development, is announcing new grant awards to increase the availability of housing across Arizona. Five projects in Payson, Phoenix, Prescott, Show Low and Surprise will receive a total of $2.5M. Since 2020, the Medicaid Health Plans have provided $12.8M through 29 grants, including this announcement. The Housing is Healthcare Fund addresses Arizona’s rising affordability crisis while paying attention to the role of social determinants of health and housing as a quality-of-life issue. Housing built by…

By Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor Manufacturing Company has announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100B. Building on the company’s ongoing $65B investment in its advanced semiconductor manufacturing operations in Phoenix, TSMC’s total investment in the U.S. is expected to reach $165B. The expansion includes plans for three new fabrication plants, two advanced packaging facilities and a major R&D team center, solidifying this project as the largest single foreign direct investment in U.S. history. Through this expansion, TSMC expects to create hundreds of billions of dollars in…

Awards & Accolades 1. Two major Arizona corporations were recognized at the ABC Convention 2025 on Feb. 26. Excel Group was recognized for its exceptional work on the Linde TSMC Semiconductor in Phoenix, and Kitchell was recognized for its work on three projects in Arizona: the University of Arizona Grand Challenges Research Building in Tucson, Valleywise Health Medical Center in Phoenix and the Phoenix Children’s Hospital NICU Buildout. Projects were judged on complexity, unique challenges overcome, completion time, innovation and safety. Groundbreakings 2. Brooks Rehabilitation has broken ground on a new rehabilitation hospital at Mayo Clinic’s Phoenix campus. The $70M,…

By Roland Murphy for AZBEX – BEXclusive The approval by Casa Grande City Council last month of General Plan amendments and rezoning requests for a pair of properties will make more than 350 acres of new space available for future industrial development. In its Feb. 18 meeting, the Council approved a minor General Plan amendment and rezoning for 283 acres at the SEC of Bianco and Clayton roads and two minor General Plan amendments and a rezoning for parcels at the SEC of Bianco and Illinois Roads. Council had approved annexation requests for the Clayton property earlier in February. Clayton…

By BEX Staff for AZBEX A series of requests recommended for approval last month by the Casa Grande Planning and Zoning Commission could pave the way for another expansion of Lucid Motors’ manufacturing facility in the city. According to the Commission’s agenda information, the company is requesting rezoning of nearly 1,200 acres across four parcels from Urban Ranch to General Industrial: +/-1,065.5 acres, generally located at the west and east side of Thornton Rd south of Selma Highway; +/- 40 acres, generally located at the northeast corner of Selma Highway and Burris Road; +/- 55 acres, generally located approximately 920…

By Arizona Department of Transportation The Arizona Department of Transportation, in partnership with the Maricopa Association of Governments, Peoria and Surprise, is seeking public input on a potential new Loop 303 interchange between US 60 and El Mirage Road. This interchange would address growing traffic demand and high traffic volumes north of Loop 303 and east of US 60 (Grand Avenue), including congestion at the Loop 303/US 60 interchange and US 60/163rd Avenue intersection. The study is evaluating four alternatives for the location and design concept of a new traffic interchange that are detailed at azdot.gov/Loop303TIAlternatives. ADOT is seeking public…

By BEX Staff for AZBEX The City of Phoenix has issued a Request for Qualifications for a Construction Manager a Risk for a $6.4M expansion and renovation project at the Children’s Museum of Phoenix. According to the project description, “On behalf of the Children’s Museum of Phoenix, the City of Phoenix seeks to renovate and upgrade unfinished spaces in the historic Monroe School building. This building was originally constructed in 1913 and is on the National Register of Historic Places. The Capital Improvement Project intends to develop and finish areas that comply with building codes to transition approximately 28KSF of…