Author: BEX Staff

Center for Neurosciences is planning a new medical office building and ambulatory surgery center on a 5.72-acre site at 5462 E. Glenn St. in Tucson. The Center, through its affiliate Neuron Craycroft, recently bought the property from TMC Holdings for $2.5M. The medical group provides services in a variety of medical specialties, including neurology, neuro-oncology, interventional pain management, radiation oncology and others. No construction start or estimated completion dates have been announced. (Source)

By Associated Builders and Contractors Associated Builders and Contractors reported its Construction Backlog Indicator declined to 8.4 months in October from 9.0 months in September, according to an ABC member survey conducted from Oct. 19 to Nov. 2. The reading is down 0.4 months from October 2022. Backlog now stands at its lowest level since the first quarter of 2022. Declines were concentrated among the smallest contractors, those with less than $30M in annual revenues. All three other revenue categories experienced an increase in backlog in October. ABC’s Construction Confidence Index readings for sales, staffing levels and profit margins fell…

By Roland Murphy for AZBEX (BEXCLUSIVE) Owner Berry Holdings is planning a mixed-use development with 200 multifamily units and a 150-room hotel on South 13th Street between Washington and Jefferson streets in Phoenix. The Eastlake Park Mixed-use proposal also calls for ground floor restaurant and retail in each of the two buildings, as well as an attached six-level parking garage on the west side of the property. Both buildings are planned for eight levels. Building 1 would have a footprint of 25.9KSF and a total area of 181.6KSF. Building 2 is planned with a 15.4KSF footprint and 108.1KSF total area.…

A development agreement being considered this week by the Phoenix City Council will provide Fender Musical Instruments Corporation with an incentive package to relocate its co-headquarters from Scottsdale to a new 88KSF facility at PV Reimagined, the master-planned Paradise Valley Mall mixed-use redevelopment site at Tatum Blvd. and Paradise Village Parkway. Under the terms of the agreement, Fender would relocate 200 current employees and hire another 100 at an average salary of $100K. Using money from Phoenix’s Strategic Economic Development Fund, Phoenix will reimburse Fender $2,500 for every new employee, with a maximum payout of $250K over a six-year term.…

By Associated Builders and Contractors Construction input prices declined 1.2% in October on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices fell 1.1% for the month. Construction input prices are 1.1% lower than a year ago, while nonresidential construction input prices are 0.7% lower. Prices fell in two of the three energy subcategories last month. Crude petroleum input prices were down 2.9%, while unprocessed energy materials were down 0.3%. Natural gas prices rose 10.9% in October. Iron and steel prices fell 2.3%. “The…

New data from Redfin shows the once-hot single-family rental market is cooling off rapidly with investors. Phoenix was among the seven fastest cooling markets, with purchases having fallen 47.4% year-over-year. Nationally, year-over-year investor purchases are down 30%. Redfin blames a combination of high home prices, increasing mortgage rates and a comparative softening in rental markets. Redfin agents have said large-scale investors buying clusters of five and 10 homes at a time have dried up, as hedge fund backing has disappeared, rents have fallen and housing demand has generally slowed. So called “mom and pop” investors buying individual properties make up…

Groundbreakings 1. HonorHealth held a groundbreaking for HonorHealth Medical Campus at Peoria, a medical campus with a 100KSF facility on the east side of the Loop 101 on 83rd Avenue, between Thunderbird Road and Bell Road. The new campus will centralize several medical services. Completion is expected in 2025. 2. Abrazo Health announced the groundbreaking of the first phase in developing its newest medical campus in Buckeye. Phase I will include a three-story 60KSF medical office building that will include cardiology, orthopedics, spine, primary care and urology physician practices, physical therapy and other offices. Expected completion was not disclosed. 3.…

By Roland Murphy for AZBEX Pre-submittal materials have been submitted in Mesa for a major new data center project on 178 vacant acres at the NEC of Pecos Road and the Crismon Road alignment. The site occupies land that is partially under Maricopa County and partially under City of Mesa jurisdiction. The request from landowner Pacific Proving would annex the property into Mesa and consolidate the disparate zoning designations to allow for the development of a data center campus featuring six individual data centers of 400KSF and 60 MW of installed capacity each, according to the conceptual site plan. The…

The Gila River Indian Community and the U.S. Army Corps of Engineers have signed an agreement that will start construction on the first phase of what is to be the country’s first solar-over-canal development. Looking to address both water conservation and energy production, the initial phase of the Pima-Maricopa Irrigation Project Renewal Energy Pilot Project will install solar panels over part of the Community’s Interstate 10 Top Level canal, which will generate power for the reservation, reduce water evaporation in the canal and minimize water use needed for power production. The first phase will cover more than 1,000 feet of…

The Bureau of Land Management has ordered an immediate suspension on the construction of a 50-mile portion of the SunZia wind energy transmission line in the San Pedro River Valley. The order by BLM Director Tracy Stone-Manning came in response to “an urgent request” from Tohono O’Odham Tribal Chairman Verlon Jose concerning construction of segments of the project on non-federal land. Jose has claimed SunZia construction areas could include sites considered sacred to the Tohono Nation and other tribes. Other tribes, including the San Carlos Apache, Zuni and Hopi, have also concerns about the project. The SunZia development covers a…