ABC: Nonresidential Construction Spending Dips
Source: Associated Builders and Contractors National nonresidential construction spending fell 0.1 percent in March and is up 2.0 percent compared to the same time last year, 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 $802.6B for the month. Among 16 nonresidential subcategories, 12 […]
Industry Professionals 05-05-20
Giving Back 1. With food banks nationwide facing a sharp drop in donations amidst the COVID-19 crisis, Parallel Capital Partners, Inc. has announced it will donate a total of $30K to regional charitable food distributors in its six primary markets: San Diego, Honolulu, Dallas, Long Beach, Orange County and Phoenix. Awards & Accolades 2. Olsson Inc., a nationally recognized […]
Commercial Real Estate Transactions 05-05-20
Sales Transactions 1. Sunroad Enterprises purchased Metro at Zanjero, a 253-unit multifamily community at 9450 W. Cabela Drive, Glendale, for $55.4M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Private Portfolio Group. 2. KB Investment Development has purchased Superstition Canyon, a 200-unit, garden-style Class A multifamily community at 1247 S. 96th Street, Mesa, for […]
Preparing for Eventual Construction Downturn
By Rebekah Morris for AZBEX Business as usual will not last long. As Arizona construction projects continue for the most part, a near total economic shutdown is happening all around us. The abrupt economic shock is resulting in dramatic increases in unemployment and simultaneous record-setting federal government stimulus spending. At some point, economic contraction translates into less demand for construction. […]
COVID-19 News Round-up for May 1
Policy & Stimulus News Ducey Extends Stay at Home Order On April 29th, Governor Doug Ducey extended Arizona’s “Stay Home, Stay Healthy, Stay Connected” order through May 15th, with a number of modifications. (Source: Valley Partnership) Governor’s Office Issues Extension Guidance Governor Doug Ducey’s office has issued guidelines and explanations to help residents and businesses better understand changes to the extended stay at […]
Hawkins Plans Multifamily Mixed-use for S. SDLE
By Tasha Anderson for AZBEX Plans for a new residential mixed-use development to be located at 7000 E. McDowell Road have recently been submitted to the City of Scottsdale. National real estate development firm, Hawkins Companies is requesting a zoning district map amendment from Highway Commercial to Planned Unit Development zoning, in order to develop the four-story project called Southdale, […]
Virus Delays Yuma Fairgrounds Relocation Plans
By Bennito L. Kelty for Yuma Sun COVID-19 has delayed activity on the relocation plans for the Yuma County Fairgrounds, officials said. Some funding to begin the process of moving the fairgrounds away from the Marine Corps Air Station – Yuma appeared to be close to being delivered to Yuma County, and the process was expected to begin in July, until the […]
Transforming Schools into Temp. Hospital Centers
By Bob Erickson and Eric Thomson for Corgan Already pressed for capacity, COVID-19 has ushered in an unprecedented demand on our healthcare spaces — spotlighting our dependency on these delicate ecosystems and our need for sustainable, creative solutions that support this critical infrastructure. As experts in healthcare and education design, Corgan tapped its internal research and development team and engaged partners Henderson […]
Arizona Projects 05-01-20
Awards & Accolades 1. Achen-Gardner Construction’s Beardsley WRF Solids Pipeline Rehabilitation project for the City of Peoria and Salt River Siphon Repair Design-Build project for Central Arizona Project have both been selected as the AZ Water Association’s 2020 Wastewater System Project of the Year and Water System Project of the Year. The Beardsley project involved the installation of the longest section of slip lined fusible PVC pipe ever completed in […]
More MLB Housing Planned for Surprise
By Tasha Anderson for AZBEX A new 47-unit housing facility for the Kansas City Royals Major League Baseball team is being planned north of Greenway Road and east of Bullard Avenue in Surprise. Harvey Badger Construction, LLC recently submitted plans for the four-story multifamily development, known as The Fountains at Surprise Center, and the project was heard at the city’s Planning and Zoning […]