Industry Professionals 06-23-20
Awards & Accolades 1. Ranking Arizona published the Top 10 Construction Companies in Arizona. They are: Haydon Building Corp Hunter Contracting Co Ace Asphalt of Arizona Regional Pavement Maintenance Granite Construction Company DPR Construction Buesing Corporation Sunland Asphalt & Construction Achen-Gardner Construction Hensel Phelps 2. Mike Gallegos, a CRE coach & trainer for several national commercial brokerage firms, […]
Commercial Real Estate Transactions 06-23-20
Sales Transactions 1. Ascent Real Estate Advisors purchased the Wells Fargo Gainey Center building, a 141KSF building at the SEC of Scottsdale and Doubletree Ranch roads, for $43.5M. Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented the seller, Principal Real Estate Investors. 2. Long Beach Trading Company Inc. purchased Lyra Residences, an 18-unit luxury townhome rental community comprised of two-story smart homes at 2950 N. […]
Phoenix to Discuss Prevailing Wage Ordinance
Update – According to Eric Froberg with the City of Phoenix and the June 23rd Policy Session meeting agenda, the council is considering whether to invest more than eight hours of staff time researching a policy related to prevailing wage. “Before any formal Council action would be taken on an ordinance there would be extensive public […]
COVID-19 News Round-up for June 19
Budget, Policy & Stimulus News Mesa Allowing Permit Extensions Mesa is allowing developers and builders to extend construction and development permits as well as planning and zoning approvals because of the impacts of COVID-19. (Source: Rose Law Group Reporter) Peoria Figuring out CARES Act Allocations With an expected $20M in AZCares funding expected, Peoria’s plan is to put at least some of the […]
1MSF Stadium Point Gets Master Developer
By Corina Vanek for Phoenix Business Journal A massive mixed-use development with Class A office, hotel, retail and apartment buildings near Peoria Sports Complex is one step closer after the Peoria City Council approved an agreement Tuesday with American Life Inc. and Steinhauer Properties Inc. The project, called Stadium Point, will include more than 1MSF of development on 17 acres owned by the […]
Phoenix OKs Affordable Housing Initiative
Source: City of Phoenix Phoenix City Council unanimously approved a new citywide affordable housing initiative that will work to address the many housing needs in the nation’s fastest-growing city. Earlier in the day, Phoenix Housing Department staff and Mayor Kate Gallego joined U.S. Housing Secretary Ben Carson as he toured city housing sites. The plan will address the need for an additional 163,000 […]
Arizona Projects 06-19-20
Groundbreakings 1. Concord General Contracting recently broke ground on the new 70KSF campus renovation for the Tempe Academy of International Studies. This project will be performed in multiple phases and it will include two new buildings. Concord General Contracting and DLR Group are teaming together with Tempe Elementary School District to construct this new campus. 2. Copper Canyon Fire and Medical Board Members, as well as […]
13-building Apartment Complex Proposed for Phoenix
By Tasha Anderson for AZBEX Plans have recently been submitted to the City of Phoenix for the development of a three-story apartment complex at the NWC of 19th and Southern Avenues. Multifamily developer, Dominium is requesting to rezone the approximately 14.16-acre site from Planned Shopping Center to Intermediate Commercial, Height and Density Waiver, to allow for a multifamily residential […]
COVID-19 News Round-up for June 16
Budget, Policy & Stimulus News Yuma Extends Permits for Builders Yuma is extending the expiration date of most permits to help developers and those in the construction and real estate industries as they struggle with difficulties related to the COVID-19 pandemic. Council adopted a resolution extending the time of some permits to 180 days for those taken out […]
Planning Continues for Somerton High School
By Rachel Estes for Yuma Sun Somerton High School is beginning to take shape, at least conceptually, as the Yuma Union High School District governing board voted to award a design contract to DLR Group in the amount of $223,573 to launch the first five percent of the design programming needed to procure building permits and phase into construction once state […]