224-Acre Mixed-Use Hub Proposed for Goodyear
By Tasha Anderson for AZBEX Developer, Keystone Equities LLC, is looking to transform a vacant, underutilized site in Goodyear into a master planned employment hub with office, commercial, retail, light-industrial and entertainment uses. Keystone is requesting a rezoning of approximately 223.9 acres located at the SWC of Interstate 10 and AZ State Route 303 to Planned […]
COVID-19 News Round-up for September 18
Budget, Policy & Stimulus News Florence Offers “Returning Stronger” Grants Florence businesses have until October 31st to apply to the town for grants to reimburse them for expenses and losses resulting from the COVID-19 pandemic. The Town Council has authorized the creation of the Returning Stronger Grant Program for businesses that have assisted the town in fulfilling its role to protect public health, and which […]
Ariz. Construction Gained 1,300 Jobs in August
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 5.9 percent in August 2020, from July 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 8.4 percent from 10.2 percent in July. In August 2019, the state had a seasonally adjusted rate of 4.6 percent, and the national was at 3.7 percent. The state had a net gain of 79,200 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a gain of 53,900 jobs in August,” the report states. Government had the largest net gain with 48,800 jobs, followed by Education […]
ADOT Opening Additional 2021-2025 Plan
Source: Arizona Department of Transportation The Arizona Department of Transportation will open an additional comment period for the revised 2021-2025 Tentative Five-Year Transportation Facilities Construction Program on Friday, September 18th. The additional comment period will extend through Tuesday, October 27th. The State Transportation Board will receive the newly revised Tentative Program during its monthly meeting on September 18th. Earlier this year, ADOT conducted its traditional process for […]
Arizona Projects 09-18-20
Awards & Accolades 1. Engineering News-Record (ENR) Southwest selected Valley Metro’s Gilbert Road Light Rail extension as the best project in its highway/bridges category. Stacy and Witbeck was the design firm and Sundt Construction was the general contractor on the project. Groundbreakings 2. The 320-acre Legacy Sports Park and entertainment center will break ground in Mesa today. Icon Architectural Group is the design firm and Waltz Construction is the general contractor. 3. Tucson issued […]
Industrial Condos Planned for Mesa
By Tasha Anderson for AZBEX Plans have recently been resubmitted to the City of Mesa for the development of a new industrial condominium project to be located at 8607 East Pecos Road. Real Estate Developer, Cavan Commercial, and partner The Kaidence Group is requesting approval of a few different applications: a rezoning of the 10.6-acre site with a PAD overlay, site plan review, preliminary […]
COVID-19 News Round-up for September 15
Budget, Policy & Stimulus News Yuma County to Contribute to State Relief Fund The Yuma County Board of Supervisors voted to fund a state-sponsored relief grant program designed to help small businesses in the unincorporated areas of county. In doing so, county staff members have been authorized to execute an Executive Services Agreement with Local Arizona First Foundation to contribute $20K […]
Gilbert Surf Park Delayed Again
By Cecilia Chan for Gilbert Sun News A much-ballyhooed 25-acre water park in Gilbert touting technology that can create ocean waves for surfing in the desert is delayed yet again – this time until 2022. The Strand@Gilbert in February 2019 inked a deal with Gilbert to build the $60M project on town-owned land near Queen Creek and Higley roads, […]
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 quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group. There are some long-term concerns for the sector, most notably […]
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 AZ North, recognizing his high-quality body of work. 2. The Phoenix Business Journal has unveiled the finalists for the 2020 Small Business Awards presented by Pacific Premier Bank, recognizing excellence among entrepreneurs and small business owners around […]