Ryan Companies Plans Assisted Living in SDLE
By Tasha Anderson for AZBEX Ryan Companies has recently submitted plans to the City of Scottsdale for another assisted living facility under the Acoya name, this one to be located at the SWC of Shea Boulevard and 74th Street. The North Scottsdale facility, called Acoya Scottsdale at Troon, that Ryan Companies is currently constructing at 10455 E. Pinnacle Peak Parkway, began in 2018 and is expected […]
Zoom Planning Phoenix-area R&D Facility
Source: Zoom Zoom has announced it will open two new research and development centers — one in the greater Phoenix area and one in Pittsburgh. Zoom will immediately begin recruiting software engineering talent in these areas. Employees will work from home until the offices are built and COVID-19-related isolation has abated, expected for fall 2020. While the company has not finalized […]
Yuma Council Mulls CIP Projects
By Mara Knaub for Yuma sun The Yuma City Council scrutinized the Capital Improvement Program plan for 2021 in a roundtable discussion. The CIP budget, at $51.4M, is more than last year, but the city expects 45 percent of the costs to be recovered through grants, reimbursements and private-public partnerships. City Engineer Jeff Kramer noted that the needs are greater than the available resources, especially during the COVID-19 pandemic. Deputy Mayor Karen Watts thanked […]
Arizona Projects 05-15-20
Progress Reports 1. In light of the COVID-19 pandemic, George Oliver is making thoughtful changes to build tenant confidence and position its latest redevelopment project, The Alexander, now under construction in downtown Chandler, as a premier “new normal” work environment. New COVID-19-related design enhancements include “touchless” accessibility throughout, featuring 10-foot sliding glass entry doors, motion sensor restroom doors and fixtures, and touchless […]
Greystar Plans 55+ Community in Gilbert
By Tasha Anderson for AZBEX Greystar Development & Construction is looking to develop a new 55+ apartment community at the NWC of Recker Road and Somerton Boulevard in the Cooley Station area of Gilbert. The Town of Gilbert heard a request for site plan approval for the project, named Greystar Active Adult Apartment Homes, including approvals for landscape, grading and drainage, […]
COVID-19 News Round-up for May 12
Economic News Housing Markets may be Recovering In the face of the COVID-19 crisis, reports from the last month indicate the real estate market is faring considerably better than many industries, especially in Tucson. Long Realty reports new pending real estate sales in the Tucson Metro Area are up 9.3 percent from last week, but still down an average […]
Francisco Grande Plans Major Expansion
By Suzanne Adams-Ockrassa for Casa Grande Dispatch The Francisco Grande resort has big plans to expand in the next few years. The Casa Grande Planning and Zoning Commission recommended approval of a plan by Francisco Grande to develop a mix of residential, commercial, hospitality, open space, office space and recreational campus space on its 663-acre property near Montgomery Road and […]
Nonres. Construction Employment Sees Record Drop
Source: Associated Builders and Contractors The construction industry lost 975,000 jobs on net in April, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. This was the largest recorded decrease in construction jobs since the government began tracking employment in 1939, despite construction remaining an essential industry in much of the nation […]
Industry Professionals 05-12-20
Giving Back 1. Habitat for Humanity has a program designed to produce the next generation of skilled craft construction workers to address workforce demands. The CIT pre-apprenticeship program is a 16-week, fast track, on the job training program. The program is uniquely designed as an immersive and intensive curriculum that specializes on basic core construction fundamentals, leadership and soft skills development […]
Commercial Real Estate Transactions 05-12-20
Sales Transactions 1. NetStreit recently bought the former Toys R Us store at 4519 N. Oracle, Tucson, for $5.91M. The 44.3KSF building is being converted into a Big Lots “Store of the Future.” 2. Champion 34 Arcadia, LLC purchased 34 Arcadia, a newly renovated 45-unit contemporary boutique apartment community at 2936 N. 34th Place, Phoenix, for $5.86M. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in […]