Warehouse Buildings Proposed Near PMGA
By Tasha Anderson for AZBEX BCMA Architecture, on behalf of owner, Abington Emerson Investments, has recently submitted plans to the City of Mesa for a new industrial development to be built north of east Ray Road and east of Power Road, near the Phoenix-Mesa Gateway Airport. The project, known as AEI Mesa Gateway, will consist […]
Groups Pitch Preferred Uses for Flagstaff Property
By Adrian Skabelund for Arizona Daily Sun Additional field space, a forested area and urban farm or a Native American cultural center. Each idea could be the future for a section of city property on North Mogollon Street that was once home to the public works yard. The property’s future has been in limbo since […]
Flagstaff Considers “Massive” Development Fee Hike
By Adrian Skabelund for Arizona Daily Star The fees placed on new developments by the City of Flagstaff could increase almost 300 percent this year. The fees are designed to maintain the level of emergency services in the city as the community grows, and according to Flagstaff’s Planning Director Tiffany Antol, those fees haven’t increased in […]
Industry Professionals 02-25-20
Awards & Accolades 1. Colliers International in Arizona’s Flagstaff office has won two Best of Business 2019 awards from the Flagstaff Business News. They were recognized as the area’s top Commercial Real Estate Agent and the leading Business Broker. Boards & Commissions 2. Sundt’s Vice President and Tucson Regional Director Ian McDowell and Project Director […]
Commercial Real Estate Transactions 02-25-20
Sales Transactions 1. Industrial Logistics Properties Trust, a subsidiary of RMR Group purchased an 820KSF distribution center fully leased to Amazon.com Inc. at 16920 W. Commerce Drive, Goodyear, for $72M. 2. Berkadia announced $39M in secured financing for Tides on Thunderbird, a garden-style multifamily property at 2140 W. Thunderbird Road, Phoenix. Jonathan Pratt and Rossana […]
Multifamily Develop. Planned near AZ Canal in SDLE
By Tasha Anderson for AZBEX Stockdale Capital Partners has recently submitted plans to the City of Scottsdale for a new multifamily mixed-use project to be located just east of the NEC of 68th Street and Indian School Road. Stockdale is looking for rezoning and site plan approval for the +/-1.17-acre site immediately adjacent to the […]
10 Things You May Not Know About BEX
We focus on one thing and one thing only – business opportunities for the Arizona A/E/C community. If it doesn’t give someone information about an upcoming project, company or help a reader make better business decisions, it’s not our thing. We put on 10 public events a year. Altogether, more than 2,700 attendees come to […]
Caliente Breaks Ground on $9M PMG Airport Project
Source: Caliente Construction Inc. Caliente Construction Inc., broke ground February 18th on a combination office and hangar building at Phoenix-Mesa Gateway Airport for Aviation Performance Solutions, the world’s largest provider of upset prevention and recovery training. Caliente collaborated with architect Dekker Perich Sabatini on the $9M development that initially consists of approximately 10KSF of office […]
Low Vacancy Despite Lots of New Projects
Source: Colliers International The Greater Phoenix industrial real estate market has a healthy equilibrium in the midst of bringing millions of new square feet to its inventory. Vacancy remains below 10 percent after the city added 6.4MSF of new space in 2019 and has another 10.5MSF under construction. Greater Phoenix has a checkered history of […]
Arizona Projects 02-21-20
Groundbreakings 1. Willmeng Construction Inc. and Fann Contracting recently began construction on a new $13.9M, 18KSF passenger terminal at Prescott Regional Airport Ernest A. Love Field. Designed by DWL Architects, the building will replace the current terminal that dates back to the 1940s and is expected to be completed in the Spring of 2021. 2. […]