ABC: Nonresidential Employment Up in Feb.
Source: Associated Builders and Contractors The construction industry added 42,000 net new jobs in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 223,000 jobs, an increase of 3.0 percent. Nonresidential construction employment increased by 19,800 […]
Industry Professionals 03-10-20
Giving Back 1. The Sundt Foundation awarded nearly $27K in grants to 11 Southern Arizona nonprofits during its first-quarter disbursements. The Sundt Foundation awards grants each quarter to area charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners. 2. CBRE Tucson rolled […]
Commercial Real Estate Transactions 03-10-20
Sales Transactions 1. Cohen Asset Management purchased the West 202 Logistics Center, a 554KSF industrial development leased to Amazon at 59th Avenue and Lower Buckeye in Phoenix for $61M. Trammell Crow Company was the seller. 2. TruAmerica Acquisitions III, LLC purchased Mission Springs Apartments, a 306-unit, 216.2KSF multifamily asset at 1311 W. Baseline Road, Tempe, […]
New Mixed-Use Development Proposed for Gilbert
By Tasha Anderson for AZBEX Pew & Lake, PLC, on behalf of The Victoria Lund Foundation, recently submitted documents to the Town of Gilbert for the development of a new mixed-use project to be located at the SEC of Val Vista Drive and Mercy Road. The owner is requesting a Minor General Plan Amendment and […]
ACE Mentor Program Awards $38K in Scholarships
By Rebekah Morris for AZBEX Last week, the 2019-2020 ACE Mentor program awarded more than $38K in scholarships to high school students pursuing careers in Architecture, Construction and Engineering. As part of a national program, the Phoenix Affiliate organizes, raises scholarship funds and mentors dozens of students each year with a real-life problem statement over […]
UA Tech Park Getting 100-room Hotel, Tech Space
By David Wichner for Arizona Daily Star A four-story, 100-room hotel is planned for the UA Tech Park at the Bridges, where work is officially underway for the University of Arizona’s first tech-related building on the site. Tech Parks Arizona has finalized a deal with HSL Properties to develop a Marriott-branded hotel at the corner […]
ABC: Nonresidential Const. Spending Up in Jan.
Source: Associated Builders and Contractors National nonresidential construction spending increased by 1.6 percent in January and is up 5.1 percent on a year-ago basis, 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 a record $806.9B in January. Private nonresidential […]
Arizona Projects 03-06-20
Awards & Accolades 1. Ideation Design Group (IDG) has been named a finalist in the prestigious Airport Experience Awards which honors the best in global airport design, management and concessions. The firm is being recognized for its work on Phoenix Sky Harbor International Airport’s Terminal 3 transformation. Groundbreakings 2. Year Lincoln Property Company joined with […]
Avenue North Plans More Multifamily on Baseline Rd.
By Tasha Anderson for AZBEX Owner and applicant, Avenue North LLC recently submitted plans to the City of Phoenix for a new multifamily development to be located east of the NEC of 16th Street and Baseline Road. The applicant is requesting to rezone approximately 7.44 acres on the south side of the Western Canal at […]
Arizona to get 11-acre Wave Park
By Elise Shelton for Surgenights If you ask me, Phoenix pretty much has it all: art, music, nature and nightlife. The only thing missing is a beach… But, come 2021 all of that is changing because- drumroll, please… ARIZONA IS GETTING A BEACH!… Well, sort of. In reality we’re getting a new wave pool. But, this […]