Author: BEX Staff

By City of Phoenix Phoenix City Council voted to enter into two purchase and sale agreements with local school districts to make 10 acres of land available for more affordable housing units. The land will be purchased from the Isaac School District (4.56 acres for $3.1M) and the Alhambra School District (5.54 acres for $2.3M). In both cases, the City will then immediately sell the land for it to be developed into affordable, multifamily housing. During the brief time Phoenix owns the property, the City will place a Land Use Restrictive Agreement that requires the properties to be used for…

By BEX Staff for AZBEX After winning voter approval for its first general obligation bond request in decades last November, the Buckeye City Council is now working to decide the best way to allocate the $282M in funds. Council and other officials held a workshop earlier this month to discuss planning and priorities, according to a local news report. Public safety will see $137M in funding, with the remaining $145M planned for transportation and street projects. City officials say some projects can get started in the next couple of months after the first phase of bond debt is issued. Buckeye…

By Roland Murphy for AZBEX Another new master-planned development could soon be coming to the Verrado area of Buckeye. This week, the Buckeye Planning and Zoning Commission will hear a request from developer Greenlight Communities to rezone 46.06 acres at the NEC of Verrado Way and the Van Buren Street alignment from planned residential to planned area development for a five-parcel plan that will bring up to 954 units of assorted multifamily residential and 5.7 acres of commercial development to the burgeoning area. The property is currently owned by Buckeye Union High School District 201. The plan for Greenlight Verrado…

By BEX Staff for AZBEX To keep up with persistent student demand and better accommodate West-MEC students living in Peoria, the City Council has approved an intergovernmental agreement with the school for a new campus on 14 acres of City-owned property along Peoria Avenue between the Loop 101 frontage and 95th Avenue. West-MEC has experienced ongoing demand for its Career and Technical Education curriculum and services in the West Valley and has undertaken new campuses or expanded existing ones in Phoenix, Surprise and Buckeye in recent years. A large contingent of West-MEC’s students live in Peoria, and the logistics of…

By Associated Builders and Contractors Associated Builders and Contractors today announced its sponsorship of Construction Safety Week 2025, which will take place May 5-9, as a call to action for the entire contracting community to commit to a safer industry. “Total human health and safety are core values in building safer cultures, jobsites and employees, and a tangible way to improve those core values by participating in Construction Safety Week,” said Michael Bellaman, ABC president and CEO. “This week is much more than a campaign. It’s become a national movement to ensure every construction worker goes home safer, happier, healthier…

Awards & Accolades 1. Cushman & Wakefield | PICOR recently held its Annual Awards event at the Tucson Country Club to highlight and celebrate its team’s achievements in the past year. Award recipients included: Paul Hooker –President’s Award for Excellence; Angie Benedict –Peter H. Douglas Heart & Soul Award; Rick Kleiner –Winner’s Circle #1 Producer; Allan Mendelsberg –Winner’s Circle #2 Producer; Aaron LaPrise –Winner’s Circle #3 Producer; Steve Cohen –Top Industrial Producer; Aaron LaPrise – Top Retail Producer; Rick Kleiner – Top Office/Medical Producer; Allan Mendelsberg & Joey Martinez – Top Multifamily Producer; Jessica Abeyta –Manager of the Year; Debbie…

Sales Transactions 1. Continental Realty Group purchased the Copper Point Apartments at 1111 E. Brown Road in Mesa for $24.7M. Continental Realty intends to invest an additional $1.3M in renovating the 107-unit multifamily community. At the time of sale, the property was 94.5% occupied. 2. Hudson Place, a 55.4KSF commercial property comprising 15 buildings at 2405 E. Southern Ave. in Tempe, officially sold in an $11.5M transaction. The undisclosed seller was represented by Marina Hammersmith and Tyrel Williams of M | T HealthcaRE Partners at Medical Office Brokers. 3. A 31.1KSF manufacturing space at 234 E. Mohave St. in Phoenix…

By Roland Murphy for AZBEX Part of the Black Angus Mine site, an open pit aggregate materials mine southeast of Tucson, could see a new future as a commercial and residential hub under a plan currently before the Pima County Planning and Zoning Commission. Owners Diamond Ventures and Rocking K Development Co. are requesting a comprehensive plan amendment and specific plan rezoning for a 62-acre property west of Valencia Road and Old Spanish Trail. The total Black Angus site is 251 acres and is approximately 95% graded, according to the submittal. Planned and potential uses include “retail sales, personal services,…

The City of Sedona is selling a property at 401 Jordan St. to the Sedona Fire District and buying 1.8 acres at 2411 State Route 89A that could be used for an affordable housing development of 36-40 units. The City’s housing reserves of $18M are committed to other projects, but funds could be transferred from a balance of funds allocated for a roundabout project. The estimated purchase price would be $1.99M plus $25K in closing costs. Housing Manager Jeanne Blum told the Sedona City Council the property has a high likelihood of securing a 9% Low-Income Housing Tax Credit if…

By Roland Murphy for AZBEX The Scottsdale Development Review Board will meet this week to discuss a 267KSF office and warehouse proposal on 16.7 acres in north Scottsdale’s Perimeter Center, adjacent to Princess Drive and Loop 101. AZBEX first reported on the plan from Creation RE/PE almost exactly one year ago. (AZBEX; Feb. 20, 2024) Over that time, plans have changed slightly, including minor alterations to the sizes of the four planned buildings. According to the latest site plans, there will now be one building of 101.8KSF, another of 54.3KSF, and two of 55.5KSF. The original plan called for one…