Rio Nuevo Projects Move Forward
Source: Real Estate Daily News Work at 75 E. Broadway could soon recommence after the Rio Nuevo Board reached an agreement with the developers of the mixed-use project planned for the site. Last year, the Board learned that JE Dunn, the original developer/general contractor, wanted to transfer its ownership share to its co-developer Dabdoub Schwabe […]
Arizona Projects 02-07-20
Groundbreakings 1. Sundt Construction, Inc. has started work on the new Ruthrauff Road and Interstate 10 (I-10) interchange on the Northwest side of Tucson for ADOT. The $79M project includes widening I-10 to four lanes in each direction and reconstruction of the traffic interchange. Construction is slated to complete by the end of 2021 with the […]
Hilton Hotel Planned for Cavasson in Scottsdale
By Tasha Anderson for AZBEX Plans for the hotel portion of the 134-acre Cavasson mixed-use development located at the NWC of Loop 101 and Hayden Road have recently been submitted to the City of Scottsdale. BRP Architects, on behalf of developer, Nationwide Realty Investors, has requested site plan, landscape plan and building elevation approval for […]
Goettl Purchases Commercial Land for New HQ
Source: Colliers International Goettl Air Conditioning & Plumbing has purchased approximately six acres of land at 8701 E. McDowell Road for approximately $5M. The company plans to build a new corporate facility on the site that will serve as its corporate headquarters and also house the firm’s new “Goettl University.” The property will be the […]
Cottonwood OKs Land Sale for Hotel
By Jon Hecht for JournalAZ.com The Cottonwood City Council unanimously voted in favor of selling a 3.74- acre parcel of land at 535 S. Sixth Street, to Sunridge Properties Inc., a management company that has 17 hotels spread across Arizona, California, Colorado, New Mexico and Utah, for a price of $383,328. The sale is equal […]
Industry Professionals 02-04-20
Awards & Accolades 1. Sen. Lisa Otondo (D-Yuma) and Rep. T.J. Shope (R-Coolidge) were recognized by the Arizona Association for Economic Development (AAED) with a 2019 Economic Development Champion Award. Otondo was the lead on water issues going into the 2019 legislative session and was a tremendous advocate for passage of the Drought Contingency Plan […]
Commercial Real Estate Transactions 02-04-20
Sales Transactions 1. Nelson Partners Student Housing has acquired Sol y Luna, a 14-story, 341-unit modern student housing complex located just 38 feet from the University of Arizona in Tucson, for $200M. Timothy S. Bradley of TSB Realty closed the transaction. 2. FSC Realty purchased Parc Midtown, a 306-unit apartment complex just west of the […]
Multifamily Affordable Housing Plans in PHX
By Tasha Anderson for AZBEX Plans for a new multifamily affordable housing development to be located near the Light Rail Corridor have recently been resubmitted to the City of Phoenix. Catholic Charities Communities Services of Arizona, along with developer, Trinity Housing Development is requesting to rezone approximately 3.9 acres just north of the NEC of […]
Goodyear City Projects to Gain Ground in 2020
By Mark Carlisle for Independent Newsmedia The coming year in Goodyear will be marked by the development of four major city projects, plenty more businesses coming to town and continued population growth. Goodyear is planning two new fire stations, a recreation center, a water treatment facility and a Civic Square, which will include a new […]
Gilbert Wants RFQs for Heritage District Parcel
Source: Town of Gilbert The town of Gilbert is now accepting Request for Qualifications from developers for the Town-owned property located at the NWC of Elliot and Gilbert Roads. This land, which is 2.18 acres, was identified as the South Anchor in the Council-adopted 2018 Heritage District Redevelopment Plan. Submittals are due March 12th, 2020 […]