ADOT Announces I-10/SR 210 Environmental Approval
Source: Arizona Department of Transportation The Arizona Department of Transportation has been granted environmental approval to continue moving forward with plans to improve two key corridors in the Tucson area. ADOT issued a Finding of No Significant Impact after completing a Final Environmental Assessment for the Interstate 10/State Route 210 study in compliance with the National Environmental Policy Act. The Final Environmental Assessment includes […]
Healthcare Providers to Fund Affordable Housing
By Angela Gonzales for Phoenix Business Journal In an effort to bring more affordable housing units to Arizona, a group of health care CEOs have gotten together to create a $100M fund to help finance these construction projects. So far, Aetna, Dignity Health and UnitedHealthcare have committed $35M in below-market debt that can be used by this fund to support projects to increase […]
Arizona Projects 08-14-20
Progress Reports 1. Construction on La Quinta continues at John Wayne Parkway/Martin Luther King Jr. Boulevard next to Copper Sky. The four-story building will have 89 rooms and occupy 56KSF. It is expected to employ 20. 2. The joint venture, Willmeng Construction Inc. and Fann Contracting, recently celebrated the topping out of the new 18KSF passenger terminal at Prescott Regional Airport Ernest A. […]
Ariz. Maintaining Healthy $1B+ Project Count
By Rebekah Morris for AZBEX Arizona is the location of many planned mega projects, each valued at $1B+ total construction cost. Perusing DATABEX for a current list reveals 27 such projects. Come along as we recap the largest projects going on in the state. One caveat to mention upfront; Since BEX covers the commercial and infrastructure markets, single-family residential is specifically excluded. Also excluded are […]
COVID-19 News Round-up for August 11
Budget, Policy & Stimulus News Phoenix Has $9M+ Left for Business Grants With more than $9M still left sitting idle in a Phoenix grant program set up to help small businesses amid the COVID-19 pandemic, city officials are looking to expand its eligibility parameters to get more of the money moving out the door. The Phoenix Small Business […]
ADOT Wants to Move on Broadband Initiative
By Shaq Davis for Arizona Daily Star The Arizona Department of Transportation is in the early process of exploring partnerships that would lead to broadband conduit being installed along three interstate routes. The department is following an initiative from Gov. Doug Ducey who announced in January that $50M in funding would help achieve 500 miles of broadband lines and fiber optic […]
40th Street Quik Trip Plan Nears Approval
By Paul Maryniak for Ahwatukee Foothills News More than 18 months after homeowners in the 185-home Foothills Paseo II subdivision launched an effort to derail a plan for Quik Trip on 40th Street, the gas station giant appears all but certain to win. The city Planning Department is only a few weeks from giving final […]
NAIOP Survey Finds CRE Deals Increasing
Source: AZ Big Media In the fourth monthly NAIOP survey measuring the impact of the COVID-19 crisis on the commercial real estate industry, respondents say that deal activity is improving across most major sectors of the industry, but more now expect impacts from the crisis to affect their businesses for an additional 12-18 months. “July continued a trend of positive […]
CapRock Has Major Phoenix Plans
By Kelsi Maree Borland for GlobeSt.com The pandemic isn’t deterring investment in Phoenix, at least not for CapRock Partners. CapRock has pinpointed Phoenix as a target market for industrial investment and development, and it expects the market to continue to benefit from longstanding population and job growth trends, despite the pandemic. “The demand drivers of Phoenix are very attractive […]
Industry Professionals 08-11-20
Awards & Accolades 1. Mark Taylor, Senior Vice President of WestLand Resources, Inc., received AZ Water’s Engineer of the Year. The award recognizes individuals that have gone above and beyond in the water industry. 2. ENR Southwest Top Design Firms 2020: AECOM HDR Kimley-Horn Stantec Burns & McDonnell WSP USA Carollo Engineers Gensler Bohannan Huston Inc. EPS Group Inc. Dekker/Perich/Sabatini LTD. SmithGroup Terracon Consultants […]