Legislation & Regulations

Construction Contracts in the COVID Era

By David A. Blake for GlobeSt.com  Those entering into new construction contracts should include custom language addressing the parties’ respective rights and responsibilities related to COVID-19. Many articles and webinars have focused on how traditional contract clauses in

Local News

ADOT Announces Disparity Study Finalization

Source: Arizona Department of Transportation  The Arizona Department of Transportation has finalized the Disparity Study report and the Federal Highway Administration Overall Disadvantaged Business Enterprise Goal and Methodology for federal fiscal years 2021-2022.  Based on the results of the Disparity Study, which took into

Budgets & Funding

Rio Nuevo Approves Tightened 2021 Budget

Source: Rio Nuevo  Facing a substantial reduction in next year’s revenue due to COVID-19, the Rio Nuevo Board approved a break-even budget reflecting an estimated $6M reduction in annual state tax revenue. The District has been dramatically impacted by COVID-19 related business closures and the subsequent economic slowdown.  

Trends

Multifamily Construction Costs May Drop

By Bendix Anderson for National Real Estate Investor  Heading into 2020, a robust development pipeline and rising costs of construction material and labor were major concerns for the multifamily sector. The economic devastation wrought by the COVID-19 shutdowns has put

Trends

Input Prices Up in May

Source: Associated Builders and Contractors  Construction input prices rose 0.8 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input

Economic Development

Maricopa County Building Permits Up

Source: Maricopa County Planning and Development  There’s not a lot of good economic news out there these days, but data from Maricopa County Planning and Development Department shows some encouraging signs for the nation’s fastest-growing county.  Building

Budgets & Funding

Maricopa County Approves $3B 2021 Budget

Source: Maricopa County  Maricopa County is putting hundreds of millions of dollars in federal funds to immediate use helping people impacted by the COVID-19 pandemic while also pulling back on discretionary spending unrelated to the crisis.   It’s a one-two effort to best serve taxpayers during a time of national emergency. The Board of

Planning & Development

Zoom Planning Phoenix-area R&D Facility

Source: Zoom  Zoom has announced it will open two new research and development centers — one in the greater Phoenix area and one in Pittsburgh.   Zoom will immediately begin recruiting software engineering talent in these areas. Employees will work from