Author: BEX Staff

By BEX Staff for AZBEX Construction costs in Phoenix continued to increase in Q3 but did so at a rate below the national average, according to a newly released report from Rider Levett Bucknall. Meanwhile, the number of cranes at work in the region has remained largely unchanged. RLB reports, “The national average increase in construction costs was 1.55% over the previous quarter, with Chicago, Honolulu, Las Vegas, New York, Portland and Seattle all experiencing increases over the national average this quarter. Boston, Denver, Los Angeles, Phoenix, San Francisco, and Washington, D.C. experienced gains that were less than the national…

Awards & Accolades 1. Illume Innovation Center, a 370KSF life sciences, office and healthcare-focused structure in north Scottsdale, received the WiredScore Gold 2023 Certification. Alexandra Loye, Scott Boardman and Kristina Cutillo at Cushman & Wakefield were the Project Leasing team. Groundbreakings 2. Lincoln Property Company broke ground on the 2.4MSF Luke Field industrial development. The project will have three buildings and is expected to be completed in Q4 2024. Building A will be 695,750SF, Building B will be 454,761SF and Building C will be 1.27MSF. Lincoln Property Company serves as the leasing agent for Luke Field. Layton Construction is the…

By BEX Staff for AZBEX The Scottsdale Planning Commission has recommended approval for a zoning change that would allow Headwaters Group to build a minimum care senior residential facility on 12.5 vacant acres near 100th Street and Frank Lloyd Wright Blvd. The report submitted to the Planning Commission identifies the Headwaters Minimal Residential Health Care Facility request as, “…a zoning district map amendment from Planned Community District with comparable Planned Neighborhood Center (PC PNC) zoning to Planned Community District with comparable Commercial Office (P-C C-O) zoning, including an amended development plan, for a new 3-story minimal residential healthcare facility consisting…

By BEX Staff for AZBEX The Pinal County Planning and Zoning Commission will meet this week to discuss a plan by Brown Group Inc. to rezone 16.4 net acres along Hunt Highway southwest of Bella Vista Road/Golf Club Drive to allow the development of a 181-unit Build-to-Rent community called Sanctuary at Johnson Ranch. According to the submitted narrative, the change would revert the zoning back from its current commercial zoning to the multifamily zoning for the original Johnson Ranch Planned Area Development. The narrative calls the site a “skipped-over infill property” and says the change to Multifamily Residential with PAD…

By Roland Murphy for AZBEX – BEXCLUSIVE A planned development from Kitchell could deliver 528 new multifamily units and a new public school to a 36.85-acre site near the SEC of 63rd Avenue and Baseline Road in the Laveen Village area of Phoenix. The site is currently agricultural land zoned for Commerce Park/General Commerce Park Option. Kitchell is requesting two zoning changes. The first would rezone 21.75 acres to Intermediate Commercial, Height Waiver, Density Waiver, and the second would rezone 15.1 acres to Intermediate Commercial. The northern portion of the property would see the multifamily development, while the school would…

The Maricopa Association of Governments and the City of Surprise will undertake a transportation study to improve conditions around Grand Avenue. Surprise City Council will vote this week on an intergovernmental agreement with MAG to contribute $45K toward the estimated $695K study cost. MAG will engage a consultant for the project with the goal of creating a program improving safety on Grand Avenue and supporting planned development. The report is expected by June 2025. Grand Avenue has been a point of congestion for years. As the West Valley has continued to develop over the last 20 years, the section of…

By Associated Builders and Contractors Associated Builders and Contractors has released its third annual construction technology report, which consists of a framework and complementary real-life case studies from ABC contractors that utilize construction technologies to strengthen safety, workflows and profits. These case studies help to explain the foundational steps companies can take toward successful adoption of construction technology. “By focusing on the people affected by technology change and identifying key stakeholders and drivers throughout the process, companies can develop a robust construction technology framework that can lead to more profits, safer jobs and more work,” said Matt Abeles, ABC VP…

Giving Back 1. St. Joseph the Worker will present the inaugural “Be the Impact” Fundraiser on Nov. 2. Clayco Executive VP, Residential Business Unit Leader Eric Jaegers will serve as event chair. Tickets for the event are priced at $50. 2. REIAC Southwest collaborated with Junior Achievement of Arizona to teach high school students about the built environment. Thirty-two high school seniors at Basis Chandler were selected for the program. Awards & Accolades 3. Taylor Morrison Chairman and CEO Sheryl Palmer was included in HousingWire’s 2023 list of Vanguards award winners. Notably, Palmer was the only homebuilding executive included among…

Sales Transactions 1. Prologis, Inc. purchased Airpark Logistics Center, a 170-acre multi-building industrial business park in Goodyear, from Creation and CrossHarbor Capital Partners for $184M. LGE Design Build was both the designer and builder of Phase I, which comprises 1.44MSF. Phase II consists of 84 acres of undeveloped build-to-suit land. At buildout, the development will total more than 2.7MSF. The sellers were represented by Will Strong, Kirk Kuller, Michael Matchett and Molly Hunt of Cushman & Wakefield. Leasing is managed by JLL. 2. Brixton Capital acquired Alta Warehouse District, a 300-unit apartment complex in downtown Phoenix, for $82M. Asher Gunter…

By Roland Murphy for AZBEX – BEXCLUSIVE The Maricopa Planning and Zoning Commission recently discussed a plan to establish Murphy Park, a 481-acre master-planned community south of Steen Road and Murphy Road. Developer Emmerson Holdings LLC is requesting a major General Plan amendment and Planned Area Development rezoning to enable the project’s development. According to the submitted narrative, “The first request seeks a Major General Plan Amendment (“GPA”) to change the existing split land use designations of Medium Density Residential (MDR), Master Planned Community (MPC), Low Density Residential (LDR) and Open Space (OS) to an overall Master Planned Community (MPC)…