Author: BEX Staff

By Roland Murphy for AZBEX EcoVista Development LLC is requesting a rezoning and final plat for a 42.9-acre site at 163rd Avenue and Jomax Road in Surprise to create a mixed-use development featuring 13.3 net acres of commercial and 26.8 net acres of multifamily residential. Known as Desert Arroyo, the site is currently comprised of 10 parcels. Approximately 20 acres are part of the Legacy Village Planned Area Development and zoned for commercial uses. The remainder is zoned for rural residential. Under the request, the portion nearest the intersection would receive the commercial designation, with the planned residential being placed…

The Arizona Corporation Commission voted last week to have staff draft rules to repeal the Renewable Energy Standard and Tariff requiring electric utilities to get at least 15% of their energy from renewable resources by next year. The measure was enacted in 2006. The Commission’s latest action would also repeal a 2010 requirement setting 22% energy savings for gas and electric utilities. The move will now start a set of hearings that will last into 2025 to solicit comments from the public and stakeholders. Commissioners supporting the change say the requirements have been too expensive for customers, with data showing…

By Roland Murphy for AZBEX – BEXCLUSIVE A recently released report from LGE Design Build shows metro Phoenix continues to maintain its status as a national construction and development leader, even though the market is as affected by national trends and economic conditions as any other. In its Q4 2023/Q1 2024 Construction Delivery Outlook, LGE reports Phoenix has officially become a rising tech hub. VP of Preconstruction Blake Wells writes in the introduction, “The growth of the semiconductor industry in Phoenix reflects a pivotal role for technology without direct reference to national initiatives.” Discussing core market demand, the report credits…

Company News 1. Sun State Builders announced Mike Forst and Andrea Piering are now the sole owners, following Jim Chamberlain’s retirement. Both Forst and Piering have worked for Sun State Builders for 25 years prior to gaining ownership. 2. Kraus-Anderson Construction Co. acquired Sonoran Crest Construction, marking its first acquisition in its 126-year history. All 11 employees of Sonoran Crest will transfer their jobs to Kraus-Anderson. Promotions 3. EMC2 Group, Inc. recently announced three promotions. Dave Gornick was promoted to Chief Operating Officer, and Fredy Pimental and Derron Bowyer were promoted to Principal. 4. Jennifer C. Thies has been promoted…

Sales Transactions 1. JLL Capital Markets announced the $86M sale of a four medical building portfolio totaling more 181KSF in three areas: Phoenix, southern Florida and Chicago. The Phoenix property was the Oasis Surgical Hospital at 750 N. 40th St. Remedy Medical Properties and Kayne Anderson Real Estate were the buyers. Seller Flagler Healthcare Investments was represented by Mindy Berman, Matt DiCesare and Liam Sorensen of JLL’s Medical Properties Group Advisory team. 2. ViaWest Group has completed the $71.8M acquisition of a 428.4KSF industrial portfolio in Gilbert. This portfolio is 98% occupied, spans 26.87 acres and comprises six buildings housing…

When you cut through all the noise, politics and sociology generally boil down to the study of unintended consequences. Congruent with the establishment of the U.S. Department of Education in 1979, the United States also began to see a cultural shift in societal views on education, work and “success.” While USDoE does not directly determine curricula, it does drive culture, particularly as it defines one of its primary functions as focusing attention on key educational issues. In theory, that’s a neutral-to-beneficial goal. In reality, it contributed to a national paradigm shift that has left core segments of the U.S. economy…

Mainstreet Capital Partners is requesting increases to the allowed building height and density for a 0.92-gross acre parcel at the NEC of Central Avenue and Garfield Street in Roosevelt Row. If approved, the developer plans to build a 30-story mixed-use tower with 297 residential units, 142 parking spaces and slightly more than 8KSF of ground floor retail and restaurant area. A vacant auto repair shop on the site would be demolished to make way for the new development. Phoenix’s Central City Village Planning Committee will hear the requests in a Feb. 12 meeting. The site owner is KDCD LLC. Mainstreet…

The Design-Build Institute of America has updated its Design Excellence Position Statement to emphasize collaboration between design and construction professionals through all stages of the project delivery, from procurement and development through execution. Understanding the changing needs of the design community, the statement introduces five lenses to help provide a framework for evaluating design excellence and to acknowledge the diverse aspects crucial for successful design-build outcomes. These lenses include: Integration & Collaborative Process: Emphasizing collaboration and integration across project teams throughout the project lifecycle; Healthy Living: Prioritizing user experience by crafting spaces that promote well-being, health and safety; Community Impact…

The Phoenix City Council has tabled its consideration of a planned expansion to the Central Business District until March 6. The discussion had initially been planned for the Feb. 7 meeting. At issue is a proposal to expand the CBD boundaries from its current two-square-mile area out to an approximately 12-mile zone. The current district covers 19th Avenue to 9th Street and McDowell Road to Buchanan Street. The potentially expanded area would range from 23rd Avenue to 7th Street and Thomas Road to Broadway Road. Expanding the CBD would allow for new redevelopment efforts, including for the Arizona Veterans Memorial…

The U.S. Department of Commerce has signaled that it plans to raise tariffs later this year on imports of Canadian softwood lumber products from the current rate of 8.05% to about 14% following its annual review of existing tariffs. Although the National Association of Home Builders is disappointed by this action, this decision is part of the regularly scheduled review process the United States employs to ensure adequate relief to American companies and industries impacted by unfair trade practices. The Department of Commerce initiated its fifth administrative reviews of its softwood lumber anti-dumping and countervailing duty orders last March and…