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 its annual Tribute Awards program. Arizona’s apartment industry annually generates 22,000 jobs, $699M in wages and $3.8B in economic output. Events such as the Tribute Awards are important because they elevate the industry and create motivation for improvement for more than 2,300 AMA members. The […]
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 that have received Resolution Copper’s COVID-19 relief funds include Local First Arizona, Cobre Valley Youth Club, Community Alliance Against Family Abuse, Gila Safe Haven Domestic Violence Safe Home, Hayden Senior Center and others. Awards & Accolades 2. Phoenix Business […]
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 acquire a 140KSF building on 12.7 acres at 5120 S. Julian Drive, Tucson, for its U.S.-based manufacturing facility. An amount was not disclosed. Steve Cohen with Cushman & Wakefield | PICOR is handling the sale. 2. ACB Properties, LLC purchased a […]
Phoenix MOB may be Redeveloped into Hotel
By Tasha Anderson for AZBEX Developer, The Terrance A Plas Company, recently submitted plans to the City of Phoenix to redevelop an existing medical plaza located at the NWC of McDowell Road and 12th Street, into a new 71.7KSF hotel. The hotel, to be called The McDowell Hotel according to the project documents, will sit on approximately 1.58 acres adjacent to the Coronado Neighborhood. “One of […]
COVID-19 News Round-up for August 28
Budget, Policy & Stimulus News Scottsdale Still Accepting Reimbursement Applications Small businesses in Scottsdale can receive up to $5K in reimbursement grants for their costs related to COVID-19. The city is still accepting applications for the Small Business Reimbursement Program. (Source: Rose Law Group Reporter) Phoenix Moves Faster Than State in Rent Relief Phoenix has provided almost double the relief to renters impacted […]
Environmental Assessment OK’d for I-40 Interchange
Source: Arizona Department of Transportation The Arizona Department of Transportation has been granted environmental approval to move forward with plans to improve the US 93/I-40 traffic interchange in west Kingman. ADOT issued a Finding of No Significant Impact after completing a Final Environmental Assessment for the project, which was prepared in compliance with the National Environmental Policy Act. The Final […]
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 existing contracts may respond to COVID-19 issues. The fit is not always clear. Some guesswork is involved and creativity is called upon […]
Arizona Projects 08-28-20
Awards & Accolades 1. Three of the state’s major freeway and highway projects have earned regional awards from The American Association of State Highway and Transportation Officials. These projects will now be considered for selection as one of the “Top 12” in the national competition sponsored by AASHTO, AAA and the U.S. Chamber of Commerce. They are: Loop 202 South Mountain Freeway, First […]
Flagstaff Requests DB Firm for Overpass Project
By Tasha Anderson for AZBEX The City of Flagstaff has issued a Request for Qualifications for a firm to provide Design-Build services for the design and construction of an overpass in central Flagstaff. According to the issued RFQ, the city is looking for services including, project design, agency/public coordination, budget control/value engineering and construction services. […]
COVID-19 News Round-up for August 25
Budget, Policy & Stimulus News $730M Coming to 90K Displaced Ariz. Workers Nearly 100,000 Arizonans who have lost jobs during the pandemic are about to finally receive thousands of dollars each in jobless benefits, according to the Department of Economic Security. DES Director Michael Wisehart said the department has verified 90,000 applications to the “pandemic unemployment assistance,” or PUA, program that […]