Author: BEX Staff

By BEX Staff for AZBEX Hyperion Technologies has plans to build a 600KSF semiconductor substrate manufacturing facility in the Vistancia area of Peoria. According to the company’s website, development on the 45-acre site will create a total economic impact of $6.6B with 1,500 direct jobs. Plant construction is expected to provide 4,500 construction jobs over the development cycle. Local news outlets cited a statement by the City of Peoria acknowledging there has not yet been a pre-application or site plan application for the project. The company website says the development will “build a cutting-edge manufacturing facility for high-density interconnect IC…

By Roland Murphy for AZBEX Early and frequent interaction with municipal planning staff is the key to making sure plan reviews and project approvals happen as quickly and efficiently as possible. The theme of engagement and communication was the most frequently touched upon in this week’s BEX Leading Market Series presentation: Expediting Project Success: Mastering Municipal Approvals, held Wednesday at SkySong – The ASU Scottsdale Innovation Center. The event was a rare joint offering presented by BEX Companies and the Phoenix Metro Chapter of AIA. The panel consisted of: Moderator Shawn Swisher, Senior Associate, Jones Studio; Joshua Bednarek, Planning and…

By City of Tempe The City of Tempe has received $12.5M in funding from the Department of Transportation to execute strategies identified in Tempe’s Vision Zero Action Plan. Specifically, these safety improvements will be implemented along a 3.9-mile corridor of Baseline Road (Priest Drive to State Route 101) where several serious or fatal crashes have occurred. Between 2017 and 2021, there were 35 fatal or serious-injury crashes in the corridor. “This grant could save lives,” said Tempe Mayor Corey Woods. “The goal of Tempe’s Vision Zero Action Plan is to eliminate traffic fatalities and serious injuries. One way we can…

By CJ Jorgensen for AZBEX Earlier this week, ULI Arizona hosted “From Foundation to Finish: AI in Real Estate and Construction” at Sundt Construction’s training center in Phoenix. The event focused on the ways in which artificial intelligence can be applied to design/construction, as well as the common pitfalls using AI in the industry can fall into. The three speakers on the panel were Eric Cylwik, director of innovation at Sundt Construction, Jad Chalhoub, director of business analytics at Rosendin and Chad Speas, VP and director of practice technology at Corgan. Prior to taking audience questions, the speakers shared how…

By National Association of Home Builders In 2023, the number of women employed in the construction industry inched up to around 1.3 million. Women now represent 10.8% of the construction workforce, an increase from 9.3% in 2002. As the industry continues to face a shortage of skilled labor, adding new workers is an important goal. Bringing additional women into the construction labor force represents a potential opportunity for the future. This article examines the roles of women in construction using labor force statistics from the Current Population Survey. The Great Recession led to a sharp decline in the number of…

Awards & Accolades 1. An Arizona Department of Transportation project that constructed Loop 303 interchanges at 43rd and 51st avenues near Interstate 17 has been named as a Top 12 finalist in the 2024 America’s Transportation Awards competition. The $70M project is eligible for two awards: the Grand Prize and the People’s Choice Award. Groundbreakings 2. Lincoln Property Company joined with project partners and local dignitaries to break ground on Phase I of I-10 International, a 373.8KSF, $75M industrial project. The property will total more than 1MSF at full buildout. I-10 International is located at the SEC of Alvernon Way…

By Roland Murphy for AZBEX The Bullhead City Planning and Zoning Commission has recommended limited approval of a conceptual plan that will, if built, lead to a 246-acre CityCentre District that will create a residential and retail mixed-use area and a residential park in the center of the city. Developer Mantle Investments is requesting a planned area development that will feature a main street concept and up to 12 development units with five zoning districts, according to City staff. Planned uses in CityCentre include multifamily apartments, Build-to-Rent units, an RV park, a senior campus, storage and a commercial area. Plans…

Banner Health’s vision for a major healthcare campus near Loop 101 and Hayden Road will take its next steps with appearances before City of Scottsdale bodies this month. The first test for the $400M proposal will be a City Council vote on Sept. 10 that will consider a development agreement for sewer and water services for an 85-acre plot that also includes the 48-acre section where Banner plans to build. Scottsdale’s budgeted amounts for the services include $6.1M for water and $960K for sewer. Banner will pay any costs beyond those caps. Also this month, a medical office building project…

A preliminary budget request has been made by the Arizona Board of Regents requesting the state provides $632.2M for the 2026 fiscal year state budget. The request has been sent to Gov. Katie Hobbs. ABoR is requesting $23.2M for operational funding, $130M for the AZ Healthy Tomorrow program, $150M for opportunity economy, $129M for educational affordability and $200M for capital investment. This year’s state budget included a $96.6M reduction in state appropriations for the universities. ABoR’s Arizona Healthy Tomorrow program intends to double graduates at the UA medical schools and provide resources to create medical schools at ASU and NAU.…

By CJ Jorgensen for AZBEX Phoenix is continuing its rapid expansion in the data center market, becoming a primary data center hotspot of the West. Information in the “Americas Data Center H1 2024 Update” released last week by Cushman & Wakefield, shows Phoenix has seen a rapid expansion of absorption within the past two years, having reached 411MW in 2022 and 600MW in 2023. Phoenix saw slightly more absorption in the first half of 2023, but this is likely due to limitations on the delivery of supply. Phoenix’s absorption in the first half of 2024 was 126MW with 367MW under…