Yuma Again Seeks Hotel del Sol Grant
By Mara Knaub for Yuma Sun Yuma officials are not giving up the dream. The city is again applying for a federal grant to convert the historic Hotel Del Sol into a multimodal transportation hub. City Council unanimously adopted a resolution supporting the application for a Better Utilizing Investments to Leverage Development Transportation Discretionary Grants program to complete the development of the transit […]
PUSD Preps Big Voter Requests
By Erin Brassey for The Glendale Star Peoria Unified School District will ask voters to approve a 13 percent budget override and $125M bond in November. The 13 percent override will continue to provide important funding for the district, said Michelle Myers, PUSD’s CFO. Voters approved the current 13 percent override in 2015. But an increase to 15 […]
Industry Professionals 06-09-20
Awards & Accolades 1. Ranking Arizona published the Top Ten Best Places to Work in Commercial Real Estate in Arizona. They are: Colliers International CBRE Ryan Companies US Canyon State Electric DAVIS JLL Cawley Architects MSA Engineering Consultants LGE Design Build Agave Environmental Contracting Boards & Commissions 2. The Arizona Association for Economic Development (AAED) has announced its new officers […]
Commercial Real Estate Transactions 06-09-20
Sales Transactions 1. The Carlyle Group purchased four older Mesa mobile home parks for a total of $230M. Carlyle, through its Delaware CPI LLC, purchased these parks: Citrus Gardens at 4065 E. University Drive for $80M. El Mirage at 305 S. Val Vista Drive for $60M. Mesa Shadows at 317 S. Higley Road for $46M. Aspenwood at 245 S. 56th Street for $44M. […]
AZ Construction is Faring Better than Expected
By Rebekah Morris for AZBEX Two major indicators of construction market activity have come out for March/April 2020 and both are surprisingly positive. Total statewide construction activity is now available for March 2020, and it shows no signs of the COVID-19 economic slowdown, which took effect in the middle of the month. Additionally, statewide construction employment for […]
COVID-19 News Round-up for June 5
Policy & Stimulus News Queen Creek Extends Permit, Planning Deadlines The Town of Queen Creek has announced that all Building, Planning, and Engineering permits, plans, and approvals with expiration dates between 5/1-12/31, or that have approval dates prior to 12/31, have been automatically extended for an additional 1-year at no cost. Additional flexibility can be applied to active development applications and can be approved […]
420-unit Multifamily Dev. Proposed for Chandler
By Tasha Anderson for AZBEX As construction winds down on the four-story, 340-unit District at Chandler multifamily development at the NWC of Frye Road and 94th Street, another large multifamily development is being proposed just down the street. (AZBEX, Mar. 2018) On Wednesday, the City of Chandler Planning & Zoning Commission reviewed plans for the […]
April Nonresidential Construction Spending Drops
Source: Associated Builders and Contractors National nonresidential construction spending decreased by 1.8 percent in April, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, spending totaled $801.8B for the month, a 0.9 percent increase from April 2019. Of the 16 subcategories, 13 were down on a […]
Arizona Projects 06-05-20
Awards & Accolades 1. Sundt Construction, Inc. and its joint venture partner Kiewit continue to earn awards for their work on the Ina Road Traffic Interchange. The two and a half year project was recently awarded the 2020 “Public Works Projects of the Year” by the Arizona Chapter of the American Public Works Association (APWA) in the category of Transportation: over $75M and […]
Luxury Casitas Proposed for Tucson
By Tasha Anderson for AZBEX Preliminary plans for a new “luxury casita” development to be located on the west side of Catalina Highway, just north of Tanque Verde Road, have recently been submitted to the City of Tucson. The Planning Center, on behalf of property owner, Saunders Amos, LLC is requesting to rezone the approximately 12.44-acre property […]