Construction Contractors Confident to Start 2020
Source: Associated Builders and Contractors Confidence among U.S. construction industry leaders generally improved in January, consistent with the burgeoning momentum of the U.S. economy during the early weeks of 2020, according to the Associated Builders and Contractors Construction Confidence Index. While the reading for sales expectations edged lower for the month, confidence pertaining to sales, profit margins and staffing […]
Industry Professionals 03-24-20
Awards & Accolades 1. NAI Horizon has named their 2019 Top Producers. They are: Laurel Lewis, Office; Lane Neville, Investment Sales (office and retail); Shelby Tworek, Retail; Chris Gerow, Retail; Isy Sonabend, Industrial; Matt Harper, CCIM, Retail; Denise Nunez, Investment Sales (self-storage); Troy Giammarco, Office; Gabe Ortega, Retail; Mike Gaida, Business/Industrial/Retail. 2. Banker Insulation, Chandler, and Markham Contracting Company, Inc., Phoenix, were 2 of 13 construction subcontracting firms to […]
Commercial Real Estate Transactions 03-24-20
Sales Transactions 1. Guardian Storage Centers purchased Storage at Anthem, a 784-unit self-storage facility located in Anthem for $18.2M. Brian Fulton, Mike Mele, Luke Elliott, and Devin Beasley of Cushman & Wakefield’s Tampa, Florida-based Self-Storage Advisory Group represented the seller, The Bell Group in partnership with Lockhart Capital. 2. Crowne Pointe Equity, LLC purchased a 32.4KSF Class A office/flex building at 914 S. 52nd Street, […]
AZ Const. Pushes Forward; Businesses Adapt
By Rebekah Morris for AZBEX Construction continues on sites throughout Arizona while other industries have paused amid COVID-19 restrictions. Here are the locally observed impacts so far: In–person networking events and pre–submittal meetings have all but dried up. Drastic measures are being imposed to limit personal interaction. The City of Phoenix has canceled all in–person pre–submittal meetings not required by law. More municipalities are […]
Multifamily Develop. Proposed Near Metrocenter Mall
By Tasha Anderson for AZBEX MK Company Inc., recently submitted plans to the City of Phoenix for a new multifamily development, known as Metro Lofts, at the NEC of Dunlap and 29th Avenues. The site is located on approximately 7.32 acres at 9201 N. 29th Avenue, and is immediately adjacent to the Arizona Canal, “which is envisioned […]
Hines Announces New 2-Bldg. W. Valley Spec. Project
Source: Hines Hines, with funds managed by Oaktree Capital Management, L.P., has announced they have closed on the property for the future development of two speculative industrial buildings, each 569.5KSF in size, in Glendale. The project, located just off Loop 303 between Glendale Avenue and Bethany Home Road, will be known as G303 — short for Glendale 303. G303 will be a two-phase state-of-the-art industrial/logistics park, whose first phase will consist of 569.5KSF and feature 40’ clear height and 50’ by 56’ column spacing with 60’ […]
ADOT’s Tentative 5-Year Construction Program
Source: Arizona Department of Transportation Drivers rely on Arizona’s highway system for their daily commutes, weekend travel, and for the delivery of goods and services to their communities. Keeping that system in good repair and functioning well is all part of the Arizona Department of Transportation’s focus during the next five years. The plan is part […]
Arizona Projects 03-20-20
Awards & Accolades 1. National Association of Home Builders (NAHB) has awarded the 8.9KSF Seven Desert Mountain clubhouse with the 2019 Best in American Living Platinum Award (BALA) for best community facility. Groundbreakings 2. Diversified Partners held a groundbreaking ceremony for its large, prime parcel known as En Fuego, at 91st and Glendale avenues. For Phase I, pads, shops and land are available at En Fuego, ranging from […]
Apartments Proposed for Tucson’s Five Points Area
By Tasha Anderson for AZBEX Plans for a proposed multifamily development, as part of a 52-unit adaptive reuse and mixed-use development project planned for the Five Points area in Tucson, has recently been submitted to Tucson’s Infill Incentive District – Design Review Committee. Flash TV LLC, a partnership of Central Barrio Development LLC and 2016 […]
Scottsdale Establishes Plan for Indian Bend Wash
By Josh Martinez for Independent Newsmedia Plans for the Indian Bend Wash are in motion thanks to a recently-approved municipal use master site plan for a two-mile segment in south Scottsdale. The City Council approved on consent at its March 3rd meeting a MUMSP for the segment of the Indian Bend Wash between McKellips and […]