Author: BEX Staff

Axon’s plans for a major expansion to its planned corporate campus in north Scottsdale have hit a snag after an email from an anonymous whistleblower cast doubts on the plan’s legality. Axon has a development agreement in place with the City of Scottsdale, and it looked as though the plan, which included more than 2,500 multifamily units, a hotel and retail space, would proceed in a fairly straightforward manner. A rezoning request was scheduled to go before the Airport Advisory Commission on Sept. 20 but was removed from the agenda following a warning from the City Attorney after receiving the…

By Freepoint Eco Systems LLC Freepoint Eco-Systems LLC announced the development of a commercial-scale advanced plastics recycling facility located in Eloy. The ISCC Plus Certified facility will recycle end-of-life waste plastic otherwise destined for landfills or incineration. It will span 40 acres of currently undeveloped land and have the capacity to recycle approximately 180,000 tons of waste plastic per year, making it one of the largest advanced recycling facilities in the world. “The development of our Arizona advanced recycling facility represents an expansion of our advanced recycling footprint in the United States. From construction to the launch of operations, the…

By City of Scottsdale The Scottsdale City Council approved two separate projects at the Paiute Neighborhood Center campus. With distinct and separate funding sources, efforts are being focused simultaneously on improving aging facilities at Paiute while also addressing the growing need for affordable housing in Scottsdale. Some residents expressed concern about using voter-approved bonds for an affordable housing project that was not part of the 2019 bond package—this is not happening. Bonds will only be used for their stated purpose: improving the Paiute Neighborhood Center. Separately, a combination of federal housing money administered by Maricopa County and Scottsdale General Fund…

By Rebekah Morris for AZBEX After years of lackluster K12 school construction activity in Arizona, the market sector is on track for a substantial upswing, thanks to significant new funding coming if voters approve bond questions at the ballot box in November. Altogether, BEX research teams have identified more than $3.5B in K12 bond questions for the November election. Since BEX started tracking K12 bond issuances in 2012, the average ask has been $922M/year. 2023 is on track for a three-and-a-half-fold increase over that historical norm. Arizona schools are woefully underfunded, ranking 48th in the nation according to the most…

By Roland Murphy for AZBEX The LG Energy Solution battery plant in Queen Creek continues inching closer to reality, and this week the Pinal County Board of Supervisors will meet to discuss and vote on agreement updates to keep that progress advancing. Under consideration are an amendment to the development agreement between LGES, Pinal and the Town of Queen Creek for the plant development; an amendment to the intergovernmental agreement between Pinal, Central Arizona College and the Arizona Commerce Authority for the Workforce Training Facility required under the development agreement; and an agreement between Pinal and ACA for Pinal to…

While the infusion of federal funding for tribal water infrastructure funding under the Infrastructure Investment and Jobs Act and the American Rescue Plan Act are “a welcome first step” toward enhancing water access on tribal lands, additional funding and designations are needed for system operations and maintenance if that access is to be preserved long-term. In a testimony before the Senate Environment and Public Works Committee, Inter Tribal Council of Arizona Tribal Water Department Director Brian Bennon said funding for preventative maintenance is essential if users are to get as much benefit from systems as possible and to keep systems…

Giving Back 1. GLHN Architects & Engineers, Inc. hosted a dual location blood donation event at its Phoenix and Tucson offices to benefit Vitalant Blood Services. The day ended with more than a dozen participants donating 14 units of blood. Awards & Accolades 2. Canyon State Electric and the American Heart Association of Arizona presented Arline Nazario of McCarthy Building Companies with the Steven Maderazzo Lifestyle Change Award. 3. BPG Designs was awarded the NUCA STAR safety program’s Gold Level status at the National Utility Contractors Association. Boards & Commissions 4. The Arizona Association for Economic Development has brought Katie…

Sales Transactions 1. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented seller Greenlight Communities in the recent $79.25M sale of Cabana Happy Valley Apartments, a 292-unit multifamily development at 24825 N. 19th Ave. in Phoenix. The pair also procured buyer Ideal Capital Group. 2. Lincoln Property Company’s Southwest division, LPC Desert West, has sold the 295.4KSF 3131 and 3133 Camelback to an entity of Presson Corporation for $72.1M. The project boasts the highest average occupancy rate of any office building in the history of metro Phoenix. Barry Gabel, Chris Marchildon and CJ…

DMB Associates Inc. has sold a 3.21-acre parcel at its $1B mixed-use development in north Scottsdale. Denver-based Grand Peaks acquired the parcel for $22.75M in cash. Grand Peaks plans to construct a five-story building with 280 apartment units and a 6.5-story parking garage with 459 parking spaces at the northeast corner of Scottsdale Road and Loop 101. The project is currently going through the city approval process. This apartment community is one of several planned at One Scottsdale, which has a master site plan for 1,250 units on its 120-acre site. In addition to Grand Peaks’ project, Dallas-based StreetLights Residential…

Casa Grande is grappling with the challenge of constructing a new fire station in the face of a substantial increase in emergency calls, even after voters rejected bonds intended to fund the project. The proposed Fire Station 503, initially estimated at $7M, has seen its projected cost soar to $13.9M, primarily due to factors like material shortages caused by the COVID-19 pandemic. City Council members expressed surprise and concern about the significant cost escalation, especially considering the original estimate. They stressed the importance of fiscal responsibility, given the recent rejection of the bond proposal, indicating that community priorities and budget…