Author: BEX Staff

By Roland Murphy for AZBEX Developer IndiCap Inc. is proposing a change to the Copper Falls Community Master Plan in Buckeye that would allow for the creation of a residential and commercial development with open space on 72.29 acres of the overall 275-acre area. The planned location for Copper Falls III sits southwest of the corner of Miller and Broadway roads. According to the staff report prepared for the Buckeye Planning and Zoning Commission, the amendment “will revise permitted land uses and establish development standards to accommodate development of a combination of commercial and multi-family residential uses on the 72.3-acre…

Sewer pipe manufacturer Building Products Co. LLC has filed a lawsuit in Maricopa County Superior Court alleging the City of Buckeye violated its development standards and gave Teravalis developer Howard Huges Corp. preferential treatment. Building Products manufactures clay pipe. Buckeye approved the use of PVC pipe for use in the village of Floreo, which will be the first village built under Hughes’ Teravalis master plan. Building Products states the City code specifies the use of clay pipe. Contractors generally prefer PVC pipe because materials are often less expensive and tend to be more durable than clay. Clay, however, is considered…

Northern Arizona University presented its $2B updated campus master plan to the Arizona Board of Regents’ University Governance and Operations Committee earlier this month. The plan gives a general guideline of possible new construction, renovations and maintenance for the Flagstaff campus for the next 10 years and marks the first update submitted to ABOR since 2010. The plan was developed in consultation with DLR Group over the last 18 months. The plan’s first phase focuses on so-called “enabling projects” that allow for future development, add housing and replace some academic buildings. The second phase would continue the first and make…

Awards & Accolades 1. Haydon Building Corp. Executive VP and future CEO Katie Haydon Perry has been named one of Phoenix Magazine’s “Great 48” for 2023. Company News 2. Mark-Taylor Companies has launched Mark Taylor Consulting, also known as MTC. MTC’s initial consulting offerings include multifamily metrics, pre-development consulting, marketing, branding & design services and public relations. 3. Engineering and Environmental Consultants, Inc. was acquired by Civil & Environmental Consultants, Inc. With the acquisition, previous EEC leaders Bill Carroll, Carrie Côté and Ryan Stucki will be joining CEC as vice presidents and Dan Cleland will join as a principal. 4.…

Sales Transactions 1. Virtus Real Estate Capital, with partner Coastal Ridge Real Estate, purchased Nine20 Tempe, a 260-unit student housing complex in Tempe, for $130M. TSB Capital Advisors arranged financing for the deal. 2. Curve Development sold Cyrene at Estrella, a 64-home single-family rental community in Goodyear, for more than $25M. The buyer for the community of three- and four-bedroom homes was not disclosed. 3. G & R Real Estate LLC has sold a 44.1KSF auto dealership at 6354 E. Test Drive in Mesa to Courtesy Auto Group for $17.85M. A Courtesy Nissan dealership will occupy the space. 4. Carter…

By PURE Pickleball PURE Pickleball announced its plans to co-develop a world-class pickleball facility near Talking Stick Resort & Casino. Arizona-based entrepreneurs Kevin J. Berk, Brett Warner, Kent S. Berk, and David Warner signed a joint venture agreement with Caliber to jointly develop an 11-acre site that is widely considered to be at the epicenter of the most active player community in the sport. Caliber is creating a Qualified Opportunity Zone fund for the single purpose of investment in this business, which means qualified investors will be able to invest in this pickleball venture directly or via Caliber’s diversified funds.…

By Dominium Dominium has announced it has closed a deal to acquire land for the development of a new affordable housing community in Marana. Dominium plans to use the land at 8740 N. Silverbell Road to develop an affordable housing community for low-income families in the Marana area. Once constructed, The Safford will provide 200 high-quality apartment homes. This project will be constructed by WD Construction. The Safford, along with the recent grand opening of 308-unit Vista Ridge in Phoenix and the groundbreakings for 396-unit Estrella Springs and 261-unit Suncrest Vista in Goodyear, are part of Dominium’s $1B pipeline of…

By Rebekah Morris for AZBEX No matter the end result, 2023 was going to set records for bond questions asked of voters. Twenty-three school districts across the state requested authorization from voters to take on more than $3.56B in debt to fund capital projects and land purchases. In addition, five cities in Maricopa County also requested General Obligation bond approval totaling more than $1B. As of Thursday afternoon, 15 of the 23 school bond questions totaling $2.39B appear to be passing, and four of the five municipalities requesting bonds totaling $992M are moving forward. Glendale, Goodyear, Phoenix and Surprise Pass…

By Roland Murphy for AZBEX The Arizona Department of Transportation will host a pre-procurement conference/industry forum to discuss prospective future solicitations for a roadway project that is one of the major highway plans on the development horizon. The Monday morning conference will cover improvements to Interstate 10 from State Route 202 to the Gila River Bridge. The Department’s official designation for the project is: Phoenix-Casa Grande Highway [Interstate 10 (I-10)] SR 202L (Santan/South Mountain) to Gila River Bridge Design-Build Capacity Improvements. The new project is part of the Wild Horse Pass Corridor master plan and covers I-10 from the connection…

After a massive and coordinated opposition campaign, Flagstaff voters rejected a planned rezoning of nearly 100 acres that would have been used to develop an $800M campus with a new hospital, a medical office building and a parking garage. Northern Arizona Healthcare and various environmental and anti-development groups had been locked in a heated back-and-forth of support and opposition for months, with allegations of misinformation coming from both sides. A representative said NAH was disappointed at the referendum results but that it intended, “To keep our commitment to Flagstaff and the region to provide a modern health care facility capable…