Arizona Projects 05-29-20
Awards & Accolades 1. Achen-Gardner Construction’s Salt River Siphon Repair Design-Build project for Central Arizona Project (CAP) and Beardsley WRF Solids Pipeline Rehabilitation project for the City of Peoria has been awarded the 2020 Public Works Project of the Year award in the category of Environment from APWA. Groundbreakings 2. Mirabel Golf Club recently began construction on the $5M, 20.6KSF Mirabel Desert Lodge Clubhouse renovation and expansion project at 37100 N. Mirabel Drive, Scottsdale. PHX […]
172-unit Multifamily Project Proposed for PHX Site
By Tasha Anderson for AZBEX The site of a former Sears Parts and Repair store just west of the SWC of 18th Street and McDowell Road in Phoenix is proposed to be redeveloped into a new multifamily mixed-use project called The Governor by Moderne. Developer, Moderne Apartments, LLC submitted plans to the City of Phoenix and is requesting to rezone the approximately […]
COVID-19 News Round-up for May 26
Economic News Crisis’ April Housing Market Impact The coronavirus took its toll on metro Phoenix’s housing market in April, but the pandemic is keeping fewer home buyers on the sidelines in May. Home sales dropped and prices dipped last month after hitting a record high a few months ago, according to Arizona Regional Multiple Listing data. But the number of Valley homes […]
Feds OK 2 Dam Permits, Developer Eyes a Third
By Scott Buffon for Arizona Daily Sun A federal agency has approved two permits for a hydroelectric dam developer to study the Little Colorado River located on Navajo Nation for their applications to build up to four dams. However, in early March the same developer, Pumped Hydro Storage, submitted a third groundwater dam application in Big Canyon, which is a dry canyon […]
Big Population Gains Posted Across the Valley
By Farah Eltohamy for Cronkite News Buckeye got bumped from the top spot for population growth rate in 2019, but its 56.6 percent population increase since 2010 was still enough to make it the second-fastest growing city in the nation for the decade. New population estimates released by the Census Bureau show Buckeye’s population grew to 79,620 in 2019, a 7.1 […]
Industry Professionals 05-26-20
Company News 1. BEX is proud to announce that we have recently obtained the status of Certified DBE firm for the following NAICS codes: 511120 – Periodical Publishing 5418 – Advertising & Public Relations Consulting 51913 – Online Publishing & Web Search Portals 541613 – Marketing Consulting 561920 – Event & Meeting Planning We look forward to expanding our […]
Commercial Real Estate Transactions 05-26-20
Sales Transactions 1. Valwood Element, LLC purchased Element at Kierland, a 57.7KSF upscale multi-tenant office building at 14614 N. Kierland Boulevard, Scottsdale, for $17.3M. Eric Wichterman and Mike Coover of Cushman & Wakefield represented both the buyer and seller, MACP Kierland Fairways, LLC, a subsidiary of Montana Avenue Capital Partners. 2. Lilly Tucson Investments, LLC purchased Ridgewood Gardens, a 171-unit multifamily complex at 3302 […]
Residential Mixed-Use Planned for Tempe’s Site
By Tasha Anderson for AZBEX Plans for a new 203.4KSF residential mixed-use development to be located at the NEC of Smith Road and Apache Boulevard have been submitted to the City of Tempe. The 4.09-acre property is within Tempe’s Eastline Village development site. Applicant, Gammage & Burnham P.L.C., on behalf of developer, Jones Multifamily, LLC, is requesting a General Plan Density Map Amendment from Medium to […]
COVID-19 News Round-up for May 22
Economic News Experts Fear ‘Credit Infection’ Jim Belfiore of Belfiore Real Estate Consulting and other experts are warning the impacts of unemployment and reduced credit availability could result in a “credit infection” that will affect buyers’ ability to purchase new homes. “If unemployment rises further, as it’s expected to, more people are missing their rent and mortgage payments and […]
Ariz. Construction Lost 4,200 Jobs in April
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate increased to 12.6 percent in April 2020, from March 2020, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 14.7 percent from 4.4 percent in March. In April 2019, the state had a seasonally adjusted rate of 4.8 percent, and the national was at 3.6 percent. The state had a net loss of 283,300 non-farm jobs over the month. “Historically (2010-2019), Nonfarm employment has averaged a gain of 8,700 jobs […]