Author: BEX Staff

By Arizona Department of Transportation The Arizona Department of Transportation is targeting pavement improvements and expanding several key highways as major parts of its Tentative Five-Year Construction Program for 2025-2029. This proposed annual update to ADOT’s list of projects in design and construction is now available for public comment through late May. A major emphasis of the proposed $7.9B tentative program is improving highway pavement and bridge infrastructure throughout greater Arizona, which encompasses areas outside of Maricopa and Pima counties. The plan would provide more than $2.4B for these high-priority improvements during the next five years. This amounts to an…

By Roland Murphy for AZBEX A new, 193-unit, three-story apartment community could soon be added to the available units in Casa Grande. Monument Development, LLC and owner Sterling Pratt have requested a major site plan review for their proposed site plan, landscape plan, building elevations and other documents associated with the plans to develop an 8.48-acre site at the SWC of O’Neil Drive and Center Avenue. The mix for the O’Neil Apartments at Casa Grande is proposed as 94 one-, 94 two- and five three-bedroom units. Planned amenities include a pool, splash pad, clubhouse, pickleball courts, an on-site leasing office…

By the Office of Arizona Attorney General Kris Mayes Attorney General Kris Mayes’ Office has filed a lawsuit against RealPage, Inc. and nine major residential apartment landlords operating in Arizona for conspiring to illegally raise rents for hundreds of thousands of Arizona renters in the Phoenix and Tucson metro areas. RealPage is a software company that offers what it calls “revenue management” to its clients, including those named as its co-defendants in this lawsuit. “The conspiracy allegedly engaged in by RealPage and these landlords has harmed Arizonans and directly contributed to Arizona’s affordable housing crisis,” said Attorney General Mayes. “In…

Faced with cost increases that have exceeded the combined budget for county building construction and remodeling projects from a 2021 total of $70M to a current estimate of $108M, the Yuma County Board of Supervisors has voted to realign the projects’ budgets and cut nearly $16.8M. The newly updated budget now stands at $91.6M. The Board will review the individual projects to see where or if additional funding can be procured. The projects addressed include: The Administration Services building (currently under construction); University of Arizona Cooperative Extension; Yuma County Public Health Services Expansion; A new facility for ITS, Public Fiduciary…

Giving Back 1. A group of Achen-Gardner Construction employee-owners participated in the Run For World Water 5K on Feb. 24. This event is hosted annually by the Water for People Arizona Committee with support from the AZ Water Commission. Registrations contributed to the Water for People nonprofit organization to support access to clean water in developing countries. Achen-Gardner won the Corporate Challenge Champions award for registering the most participants, and nine people from the company’s team placed in the top three of their respective age groups. Awards & Accolades 2. Kitchell Contractors, Inc. has been listed in Associated Builders and…

Sales Transactions 1. Two Sigma has bought 202 Business Park in Gilbert for $51.6M. The multi-building industrial park was sold by Greer Oliver and Connor Nebeker-Hay of JLL Capital Markets who represented both the buyer and seller Germann Road Land Development LLC. 2. Commercial Properties, Inc. announced the $9M sale of Building F of Venture Court Professional Plaza, an approximately 27KSF, two-story office building in Anthem. Eric Butler and Phill Tomlinson with CPI represented the seller, Liftable Media, Inc. Keith Lammersen of JLL Capital Markets represented the buyer, Maricopa County Libraries. 3. El Dorado Partnership LLC purchased 33.5KSF of office…

According to pre-application documents filed with the City of Maricopa, the Smith Family has plans to sell more than 420 acres of agricultural land at the NEC of Porter and Steen roads for a new subdivision. Stagecoach Springs at Smith Farms would place approximately 1,100 single-family homes on 300 acres and up to 990 multifamily units on 41 acres. Trails and park space would occupy more than 150 acres surrounding the property. Unit sizes and construction information are not yet available. (Source)

By BEX Staff for AZBEX Controversy continues to swirl around a planned $71M parking garage for the VAI Resort in Glendale. Local media reports say the Glendale City Council approved an agreement with Fisher Sand & Gravel to build the 3,864-space parking structure in its Feb. 27 meeting. Fisher is also developing the VAI Resort and Mattel Adventure Park through VAI Global Development. Glendale had previously posted a request for qualifications and received four responses. However, officials said in November Fisher would receive $71M to build the garage and that Glendale would be repaid via parking fees. Before that, the…

By Roland Murphy for AZBEX – BEXCLUSIVE Cushman & Wakefield’s “America’s Data Center Update” for the second half of 2023 shows the Phoenix metro area continues to maintain its national leadership position in the industry sector. Having absorbed 411MW of capacity in 2022, the Phoenix area ramped up considerably last year and absorbed nearly 600MW. Most of the 2023 absorption took place in the first half of the year, with the second half reporting 269MW in a slight leveling off. “This is likely a result of limitations on the delivery of supply as opposed to any slowing of demand. Phoenix…

By Arizona Department of Transportation Plans to expand 26 miles of Interstate 10 between Phoenix and Casa Grande are moving forward following environmental approval late last week. The widening project will increase capacity and reduce congestion on a busy section of I-10 near Wild Horse Pass within the Gila River Indian Community. A key segment slated for improvement is the I-10 Gila River Indian Community Project, a nearly 12-mile section from Loop 202 (Santan/South Mountain) to just north of the Gila River Bridges. A portion of the segment is within the Maricopa Association of Governments region, which includes state and…