Mayor: Casa Grande is Booming
By Suzanne Adams-Ockrassa for Casa Grande Dispatch Casa Grande is booming and the future is bright, Mayor Craig McFarland said at his annual state of the city address. City housing permits are up 322 percent since 2018, McFarland said. Permits for single-family houses this year have already exceeded 140 permits. Permits for new manufacturing businesses […]
ABC: Input Prices Down Slightly in Feb.
Source: Associated Builders and Contractors Construction input prices fell 0.6 percent in February and are up 0.4 percent year over year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also decreased by 0.6 percent but are up 0.3 percent compared to […]
Industry Professionals 03-17-20
Awards & Accolades 1. Sundt Construction, Inc. and Central Arizona College (CAC) have received a 2020 Bellwether Award for their workforce development partnership. 2. Inside Tucson Business held their 2020 Women of Influence Awards on March 4th. The Real Estate Champion was Lani Baker, Vice President of Finance for Holualoa Companies. Promotions 3. Bryon Matesi […]
Commercial Real Estate Transactions 03-17-20
Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the $123M sale of West Sixth, a core-plus, condo-quality 375-unit/625-bed student housing community located just steps from Arizona State University (ASU) in Tempe. Peter Katz, IPA Executive Managing Director, alongside Steve Gebing and Cliff David, IPA Senior Managing Directors, had the […]
New Behavioral Health Hospital Planned for Gilbert
By Tasha Anderson for AZBEX Plans for the development of a new geriatric behavioral health hospital south of Mercy Road just southwest of Pecos Road was recently approved at the Town of Gilbert’s Planning and Zoning Commission meeting on March 4th. Applicant and developer, FJ Management, received approval of site plan, landscape plan, grading and […]
Ariz. Construction Lost 2,500 Jobs in January
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate remained at 4.5 percent in January 2020, from December 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 3.6 percent from 3.5 percent in December. In January 2019, the state had a seasonally adjusted rate […]
Arizona Projects 03-13-20
Awards & Accolades 1. Mesa’s Gilbert Road Light Rail Extension was among the most significant construction project of 2020, the Associated General Contractors of America announced. As a result, the project’s contractor, Stacy and Witbeck/Sundt, a Joint Venture received the association’s Construction Risk Partners Build America Merit Award for best new highway and transportation project. […]
Mesa P&Z OKs New Medical Office Building
By Tasha Anderson for AZBEX The City of Mesa recently approved plans for a new 45.8KSF medical office building and clinic at its February 12th Planning and Zoning meeting. The applicant and architect on the project, Surgery Center Services of America, on behalf of developer, LMAD Development LLC, requested site plan approval for the currently […]
Expansive Opportunities for Women in Construction
Source: Arizona Builders Alliance Women totaled more than half of U.S. payroll jobs last December, just the second time women have outnumbered men in the workforce, according to the U.S. Department of Labor. Yet while women made up just a fraction of the construction workforce at nearly 10 percent in 2018, that number is on the rise. In […]
Bill Aims to Promote Rural Area Growth
By Bennito L. Kelty for Yuma Sun Officials are keeping a close eye on Arizona House Bill 2814, with the hopes of alleviating the inequality between rural and urban economic development in Arizona. “There’s one area of statistics that is worse in Arizona than in any other state, and that is the disparity between our metro areas […]