ELFA: Equipment Leasing Up in December
Source: Equipment Leasing and Finance Association The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $900B equipment finance sector, showed their overall new business volume for December was $12.9B, up two percent year-over-year from new business volume in December 2018. Volume was […]
Arizona Projects 01-31-20
Awards & Accolades 1. Lincoln Property Company (LPC) has won a “The Outstanding Building of the Year” (TOBY) award for its management of The Grand – the first of eight Class A office buildings that LPC is developing at the 60-acre Grand at Papago Park Center mixed-use development in Tempe. The Grand now advances to […]
Single-Family Rental Community in Goodyear
By Tasha Anderson for AZBEX The single-family rental community development trend is growing in Arizona, from the “Bungalows” projects being developed across the Valley by Cavan Companies (AZBEX, Dec. 17, 2019), to the mass of Christopher Todd Communities developments, to the Cadence Multifamily project in Mesa, to be developed by GTIS Partners. (AZBEX, Jan. 24, […]
SkyBridge Creates Opportunity to Grow Other Sectors
By Erin Thorburn for AZ Big Media Erik Lee, executive director for North American Research Partnership, summarizes the impact very succinctly. “SkyBridge is the most consequential Mexico-Arizona business project in this part of Arizona,” Lee states emphatically. SkyBridge marks the nation’s first inland air cargo hub to house a joint United States-Mexico customs facility. The recent groundbreaking […]
Atari to Build Hotels in Eight U.S. Cities
Source: GSD Group Atari® has announced a deal with GSD Group —led by founder Shelly Murphy and partner Napoleon Smith III — to acquire the rights to build video game-themed Atari Hotels in the United States, with the first location breaking ground in Phoenix later this year. Atari, a trailblazer in the gaming industry, is […]
Trump Rollback Could Leave Waterways Vulnerable
By Ellen Knickmeyer for Associated Press The Trump Administration on Thursday ended federal protection for many of the nation’s millions of miles of streams, arroyos and wetlands, a sweeping environmental rollback that could leave the waterways more vulnerable to pollution from development, industry and farms. The change, signed by heads of the Environmental Protection Agency and U.S. […]
Where to Put 1 Million New Residents?
By Catherine Reagor for The Arizona Republic Metro Phoenix is expected to grow by 1 million people during the next decade. That will be like adding a city the size of San Jose, CA or Austin, TX, to the Valley. The billion-dollar question is where all those new residents will live. Most of the available […]
ABC: Construction Contractor Confidence Soaring
Source: Associated Builders and Contractors Confidence among U.S. construction industry leaders increased in November 2019 with respect to sales, profit margins and staffing, according to the Associated Builders and Contractors Construction Confidence Index. Sales and profit margin expectations reached their highest levels since May 2019, while staffing expectations reached their highest level since April 2019. Three-quarters of […]
Industry Professionals 01-28-20
Giving Back 1. Redden Construction has begun collecting non-perishable foods to donate to the Community Presbyterian Food Bank in Payson. Collection bins have been placed at jobsites at Community Presbyterian in Payson and the Shirdi Saibaba jobsite at 17110 N. 17th Avenue, Phoenix. Food will be delivered to Community Presbyterian on Friday, February 14th. Boards […]
Commercial Real Estate Transactions 01-28-20
Sales Transactions 1. CWS Capital Partners LLC purchased Azure Creek, a 160-unit garden-style multifamily property at 29862 N. Tatum Boulevard, Maricopa, for $36.25M. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office facilitated the sale on behalf of the seller, RK Properties. 2. OZ-UNION, LLC purchased Union […]