Author: Roland Murphy

The Pinal County Board of Supervisors and the Town of Queen Creek have both approved a Development and Intergovernmental Agreement for a new $2.8B industrial project planned in Queen Creek in their March 16th meetings. Both also approved a resolution in support of a Foreign Trade Zone application by ES America LLC that is related to the same project. The measures concern a site consisting of 650 acres of Arizona State Trust Land at Ironwood Drive and Germann Road in Queen Creek where ES America plans to build an approximately 1MSF manufacturing facility. Once operational, the plant will provide an…

In the last week BEX Research staff has added three new Build-to-Rent projects to our DATABEX database, showing more momentum for the growing pace of development in the racing multifamily subsector. As the markets where the hot housing trend first took root, Arizona in general and Phoenix in particular had a head start, even though every area of the nation has made great strides adding its own projects to the sector. Still, with every new addition Arizona adds to its leadership standing, and the three most recent projects contribute nearly 750 units, 704KSF and $129.5M in project construction valuation to…