Mesa Seeks Design Firms for Pipeline Project
By Tasha Anderson for AZBEX The City of Mesa is currently seeking design services for the development of a new reuse pipeline project as well as improvements to three of Mesa’s Water Reclamation Plants. The city has recently issued a Request for Qualifications for up to four qualified firms to provide programming, final design and construction […]
Construction Unemployment Rate Down Y-o-Y
Source: Associated Builders and Contractors Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of February 2020, the construction industry employed 208,000 […]
Arizona Projects 04-10-20
Awards & Accolades 1. AZRE Magazine has announced the winning projects for the 2020 Real Estate Development (RED) Awards via a virtual ceremony. AZRE magazine received a record number of nominations for the RED Awards this year, and 17 were for projects away from the Valley, making it a truly statewide event. Click here to see the list of finalists and […]
Casa Grande P&Z Approves New Holiday Inn
By Tasha Anderson for AZBEX Despite a recent sharp decline in Arizona hotel occupancy and temporary closures due to COVID-19, plans for a new Holiday Inn Hotel and Conference Center are making their way through the City of Casa Grande. Casa Grande’s Planning and Zoning Commission recently approved a request for a Planned Area Development amendment to allow hotel and convention center uses on a […]
COVID-19 News Round-up for April 7
Policy & Stimulus News Major Disaster Declaration Request Approved Governor Doug Ducey announced that President Donald Trump, in coordination with the Federal Emergency Management Agency, approved Arizona’s request for a Presidential Major Disaster Declaration for the state. The declaration makes available additional federal assets and resources to aid Arizona’s COVID-19 response efforts. (Source: Office of the Governor) Governor’s Office Releases Essential Service Guidance Governor Doug Ducey’s office has released additional guidance […]
Phoenix Cranes Up, Balanced Across Sectors
By BEX Staff for AZBEX According to the latest biannual “RLB Crane Index” from construction monitoring and advisory firm Rider Levett Bucknall, cranes visible across the Phoenix skyline tripled coming into the first half of 2020. “Tripling its cranes since the last Index, Phoenix is experiencing a balanced expansion of building sectors, with mixed–use, educational, hospitality, and tech projects all […]
Construction Employment Dropped in March
Source: Associated Builders and Contractors Construction industry employment declined by 29,000 in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Nonresidential construction employment declined by 24,600 in March. All three nonresidential segments registered job losses, with the largest decrease experienced in nonresidential building (-10,700) followed closely by heavy and civil […]
Industry Professionals 04-07-20
Giving Back 1. Although the annual golf tournament benefitting Kids for Hope was postponed, engineering consulting firm, Terracon still found a way to donate. Terracon gave companies that signed up for the tournament the option of donating their registration/sponsorship fees to Kids at Hope, matched the first $2,500 in donations and presented Kids at Hope with a check for $5,000. Esco Corporation, Katerra and Transco […]
Commercial Real Estate Transactions 04-07-20
Sales Transactions 1. Tower Capital, an independent structured finance firm, arranged two acquisition loans totaling $26.19M for multifamily properties in Phoenix. Tower Capital arranged $21.5M for San Marina, a 400-unit, affordable housing apartment complex. The second acquisition loan, amounting to $4.69M, is for Arcadia Palms, a mid-century modern, 34-unit multifamily community located in the Arcadia submarket. 2. CapRock Partners announced its […]
BEX LMS: Healthcare & Construction During COVID-19
By Rebekah Morris for AZBEX Nearly 80 individuals logged onto the first-ever virtual delivery of the BEX Leading Market Series. Healthcare was always meant to be the topic for the April 2nd event; however, in the last few weeks the questions drastically changed, and the relevance of the topic took on new meaning. Panelists included: Mark Barkenbush, senior project executive for Banner Health, Chad Halmrast, contract executive for Southland Industries, and AJ Thomas, Healthcare […]