Dollar Stores Show E-commerce Resilience
By Les Shaver for GlobeSt.com While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish. In the second BEX
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Industry Professionals 09-15-20
Awards & Accolades 1. Keith Stanton, ASID, NCIDQ, CHID – Director of Design Development at Thoma-Holec Design, was named the 2020 Designer of Distinction by ASID BEX
Commercial Real Estate Transactions 09-15-20
Sales Transactions 1. An undisclosed buyer purchased The Vineyard Apartments, a 300-unit multifamily community at 6706 N. Dysart Road, Glendale, for $41M. Newmark Knight BEX
P3 RFQ Issued for CCC Student Housing
By Tasha Anderson for AZBEX Coconino Community College (CCC) is looking for a partner to help develop a new student housing complex at its Page campus on the corner of BEX
Glendale to Welcome Crystal Lagoons Island Resort
Source: Glendale Office of Economic Development Global entertainment and experiential leader Crystal Lagoons® has chosen Glendale for a one-of-a-kind attraction. ECL BEX
Tucson Multifamily Remains Hot
By Gabriela Rico for Arizona Daily Star Investor interest in Tucson’s upper-end apartment complexes has been high for several years and, while there was some breath-holding BEX
COVID-19 News Round-up for September 11
Budget, Policy & Stimulus News Republican Stimulus Proposal Includes 2nd PPP, New Protections Small businesses could see a second round of Paycheck Protection Program BEX
293-unit Multifamily Dev. Planned for Surprise
By Tasha Anderson for AZBEX Owner, Advanced Acquisitions, LLC is looking to develop a new 293-unit bungalow–style rental community located north of Pat Tillman BEX
COVID-19 News Round-up for September 8
Budget, Policy & Stimulus News Many Businesses Opting Out of Payroll Tax Deferral The decision to let employers defer payroll taxes is part of the Trump BEX
Ariz. Headed for Faster Recovery
By Victoria Harker for Chamber Business News Arizona is positioned for a faster economic recovery than the rest of the nation, and with some strategic moves on the part of BEX
Construction Employment Continues to Recover
Source: Associated Builders and Contractors Construction industry employment expanded by 16,000 jobs on net in August, according to an Associated Builders and BEX
Industry Professionals 09-08-20
Awards & Accolades 1. Sundt Construction, Inc. ranks No. 67 on the National Center for Employee Ownership’s Top 100 largest majority-employee-owned companies list BEX
Commercial Real Estate Transactions 09-08-20
Sales Transactions 1. RK Properties has sold Northern Greens Apartments, a 420-unit multifamily property located in Gilbert, for $55.5M on behalf of one of BEX
Boeing Plans Fabrication Center in Mesa
By Tasha Anderson for AZBEX The world’s leading manufacturer of commercial jetliners, defense, space and security system and largest aerospace company is planning to BEX
COVID-19 News Round-up for September 4
Economic News Pandemic Exposes Stress in Commercial Property Financing The severity of the COVID-19 crisis has revealed extreme stresses in one of its primary sources BEX
October is Careers in Construction Month
Source: NCCER and Build Your Future Spearheaded by NCCER and Build Your Future, the eighth annual Careers in Construction Month, will return this October. The BEX
Nonresidential Construction Spending Down in July
Source: Associated Builders and Contractors National nonresidential construction spending fell 1.2 percent in July, according to an Associated Builders and BEX
Arizona Projects 09-04-20
Awards & Accolades 1. Avondale’s Festival Fields Park, which recently underwent a $19M expansion and renovation, was named Outstanding Facility of the Year by BEX
Hotel Planned for Marana’s Cortaro Ranch Dev.
By Tasha Anderson for AZBEX A new hotel is being proposed within the Cortaro Ranch Phase II development and will be located just north of Cortaro Farms Road and west BEX
COVID-19 News Round-up for September 1
Budget, Policy & Stimulus News New PPP Rules Could Change Forgiveness Calculations New rules issued by the Small Business Administration could make some Paycheck BEX
320-acre Legacy Sports Park Planned for Mesa
By Jeff Metcalfe for The Arizona Republic Mesa voters rejected a ballot proposal to build a youth sports megacomplex, so a private investment group is taking on an even BEX
Lessons Learned from a Land Use Lifesaver
By Adam Baugh for Withey Morris PLC At the beginning of COVID, when the world suddenly halted in March, my children and I decided to build a bike shed. It was a great BEX
AMA’s Hosts 28th Annual Tribute Awards
Source: Arizona Multihousing Association Each spring, the Arizona Multihousing Association (AMA), the statewide trade association for the apartment industry, hosts BEX
Industry Professionals 09-01-20
Giving Back 1. Resolution Copper is donating up to $780K this year to assist organizations throughout the broader community during the ongoing COVID-19 crisis. Groups BEX
Commercial Real Estate Transactions 09-01-20
Sales Transactions 1. COMSovereign Holding Corp. a U.S.-based developer of 4G LTE and 5G connectivity and infrastructures, announced that it has signed an agreement to BEX
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