Author: BEX Staff

By Roland Murphy for AZBEX The Arizona Office of Economic Opportunity is projecting Construction will see the highest rate of job growth between Q2 2023 and Q2 2025 across the 11 supersectors it tracks. According to the Arizona 2023-2025 Projected Employment Report, AOEO expects Construction to see 3.3% growth during the period, followed by Education and Health Services at 2.6%, Leisure and Hospitality at 1.9%, Manufacturing at 1.3%, Trade/Transportation/Utilities at 1.2% and Other Services at 1.1%. All the other supersectors had growth rates of less than 1%. Natural Resources and Mining is the only supersector expected to shrink, with growth…

Developer Overland Property Group is continuing its efforts to bring a 72-unit affordable and market-rate housing multifamily complex and a Natural Grocers market to Payson. The project is dependent on state funding but was passed over last year. OPG representatives, along with the property site owner and representatives of Natural Grocers, hosted a public information session in Payson last week to present the project to the public and drum up support. The Reserves on the Rim development would deliver five three-story apartment buildings, a 3KSF community center and a small grocery store focused on natural and organic foods at Malibu…

By Associated Builders and Contractors At current rates of participation and completion, federal and state government-registered apprenticeship programs will fail to meet the construction industry’s short- and long-term skilled workforce needs, according to an Associated Builders and Contractors analysis of recently released U.S. Department of Labor data. ABC estimates that the construction industry’s federal and state GRAPs had about 250,000 apprentice participants and yielded just 40,000 to 45,000 completers in fiscal year 2023.* “It is no secret that America’s government-registered apprenticeship system isn’t keeping up with construction industry demand for skilled craft professionals, despite dedicated efforts by many stakeholders to…

Awards & Accolades 1. Sundt Construction recently won a Build Arizona award for its Zone 3D and 4A Improvements Program: Water Transmission Main Segment 2 project. The award is given each year by the Arizona Chapter of the Associated General Contractors of America. The project’s purpose was to upgrade the City of Phoenix’s drinking water delivery system. Sundt served as the construction manager at risk for the $62M Segment 2 under 32nd Street from Shea Blvd. to Bell Road. 2. The Arizona Chapter of NAIOP won two awards at the 2024 Chapter Merit Awards event. Suzanne Kinney was named Top Chapter Executive…

Sales Transactions 1. Inland Real Estate Group purchased the $62M Onyx at Westgate, a 190-unit Build-to-Rent community in Glendale formerly known as The Bungalows at Westgate. Berkadia represented the seller, Cavan Cos. 2. Cushman & Wakefield arranged the $38M sale of Koll Cotton Center, a portfolio of seven renovated light industrial buildings totaling 228.6KSF in Phoenix. The seller was TerraCap Management, LLC and the buyer was G.W. Williams Co. Kirk Kuller, Will Strong, Michael Matchett, Molly Hunt and Dean Wiley of Cushman & Wakefield brokered the transaction. 3. 2302 East Fort Lowell Owner, LLC purchased Wasko Modern Apartments, a 30.3KSF…

Dominium is planning a 215-unit Build-to-Rent community near the new Home Depot store on Maricopa-Casa Grande Highway and Stonegate Road in Maricopa. Maricopa Stonegate would feature two-, three- and four-bedroom units ranging from 960SF-1,360SF. Dominium submitted pre-application materials earlier this month. According to the project narrative, the development would contribute to the area’s overall walkability and provide access to existing and planned bike paths and future multi-use trails. (Source)

By BEX Staff for AZBEX The Mesa Design Review Board heard a presentation for Jaws Industrial, a 90.7KSF spec warehouse development with a 32-foot clear height planned for 6.26 acres in the 8200 block of East Germann Road. Planning staff is requesting DRB’s review and recommendations on the elevations and landscape design as well as alternative compliance for building materials. The property is within Mesa’s Pecos Road Employment Opportunity Zone and is owned by JAWS GERMANN LLC, which traces back to the Hunter Family Trust. The applicant is LGE Design Group, and the materials also reference sister firm LGE Design…

By Roland Murphy for AZBEX Platinum Realty Services, Inc. has proposed a 259-unit senior housing development in Prescott Valley. The North Central Arizona Senior Living Community will provide both independent living options and assisted living memory care on a 49.31-acre site southeast of Superstition Drive and Sheridan Lane. The property includes the former Northcentral University building, which has been vacant for 10 years. Renovation of the existing three-story, 52.3KSF building will serve as Phase I of the development. The owner has requested a rezoning from Public Lands to Residential and Services; Planned Area Development. Surrounding uses include a single-family community…

The Chandler Planning and Zoning Commission has voted to recommend approval for a rezoning, preliminary development plan and preliminary plat for two adjacent industrial projects on 85 acres near Ryan Road and Arizona Avenue. The requests from Schnitzer Properties were part of the Commission’s Feb. 21 consent agenda. The requests cover two developments under one umbrella. Phase I would be Ryan Commerce Center, situated on 37 acres on the east side of the property at the SEC of Ryan Road and Hamilton Street. The developer expects to construct three buildings totaling 604.5KSF. Construction is hoped to begin on the Ryan…

By National Association of Home Builders Four national trade associations petitioned the White House to make improvements in its implementation of “made in America” requirements for construction products and materials. They noted their members have encountered significant difficulty in navigating the White House Office of Management and Budget’s “opaque and unbalanced implementation,” risking delays and cost increases for vital housing, transportation, and water infrastructure projects funded by the Infrastructure Investment & Jobs Act. The infrastructure law, which was enacted in 2021, includes the Build America, Buy America Act, which expands longstanding domestic preference requirements for construction projects that incorporate federal…