COVID-19 News Round-up for November 10th
Budget, Policy & Stimulus News Judge Orders PPP Loan Information Release Late last week a U.S. District Judge James E. Boasberg ordered the Small Business Administration to release detailed information on Paycheck Protection Program and Economic Injury Disaster Program loans by November 19th. The information to be released includes the names and addresses of all individuals and organizations that received loans under the […]
DPR Updates Success in Healthcare Study
In 2018, DPR Construction and consultant group Site Plus studied seven successful California healthcare projects to determine what they had in common and establish a template for execution. The team has recently released an update – “Rx for a Successful Healthcare Project, Part 2” – developed from interviews that Site Plus conducted in four additional states where DPR recently completed nine significant healthcare […]
Nonresidential Const. Employment Expands
The construction industry added 84,000 net new jobs in October, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. During the last six months, the industry has added 789,000 jobs, recovering 73 percent of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment added 59,700 jobs […]
Industry Professionals 11-10-20
Giving Back 1. The Sundt Foundation awarded grants to nine Southern Arizona nonprofits, totaling more than $25K, during its fourth quarter giving round. The Foundation awards grants each quarter to local charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners. 2. Throughout October, CHASSE Building Team built and […]
Commercial Real Estate Transactions 11-10-20
Sales Transactions 1. D.R. Horton Inc. paid $245.5M for 2,783 acres at the SEC of Elliot and Meridian roads, as the winning bidder in Wednesday’s Arizona State Land Department auction. D.R. Horton outbid Shea Homes and two partnerships named Stone Hill Land Partners LLC and Superstition Vista 2783 LLC. 2. Thayer Manca Residential purchased Entrada Modern Apartment Homes, a 424-unit garden-style multifamily property at 4545 N. Via Entrada, Tucson, for $65.5M. […]
Maricopa County P&Z Reviews 3 Solar Projects
By Tasha Anderson for AZBEX Solar was the hot topic at Maricopa County’s November 5th Planning and Zoning Commission meeting, as three separate solar generating facility projects were on the agenda. Each applicant, Wood Environment & Infrastructure Solutions, Inc., Sun Streams Expansion, LLC, and Candela Renewables LLC was requesting major comprehensive plan amendments to change the land use designations in their proposed […]
COVID-19 News Round-up for November 6th
Budget, Policy & Stimulus News New SBA Forms Raise Concerns The Small Business Administration wants approval to send revised Paycheck Protection Program loan questionnaires to businesses that received more than $2M under the program. Some experts have expressed concern the forms may be used to deny loan forgiveness or as a basis for potential fraud investigations. (Source) Economic News Affordable Housing Rent Delinquencies […]
Nonresidential Const. Spending Dipped in Sept.
National nonresidential construction spending fell 1.6 percent in September, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, monthly spending totaled $794.3B. Among the 16 nonresidential subcategories, 13 were down on a monthly basis. Private nonresidential spending declined 1.5 percent in September, while public nonresidential construction spending was down 1.7 percent. (Source)
Arizona Projects 11-06-20
Groundbreakings 1. On behalf of developer Merit Partners, Stevens-Leinweber Construction began a 153.7KSF tenant improvement at 7506 W. Lincoln St., Tolleson, for MiTek. SLC will customize the facility with 4.2KSF of Class A office space, new state-of-the-art dock loading packages, a custom overhead door to manage oversized inventory, and 3,600 amps of additional power. MiTek is expected to move in February 2021. 2. Robert Porter Construction […]
IFBs Issued for Sale, Dev. of Maricopa Properties
By Tasha Anderson for AZBEX The City of Maricopa is looking to sell or lease a total of 24.17 acres of developable land in order to create more jobs within specific areas. The city recently issued three Invitations to bid for interested developers for the sale or lease of three separate properties, including: 2.64 acres located between […]