Industry Professionals 01-14-20
Awards & Accolades 1. Cushman & Wakefield announced that Larry Downey, Vice Chairman at Cushman & Wakefield in Phoenix, has been awarded the designation of Counselor of Real Estate (CRE) by The Counselors of Real Estate organization. 2. The late Edward W. Bullard, inventor of the hard hat, is a 2020 inductee in the National […]
Commercial Real Estate Transactions 01-14-20
Sales Transactions 1. The ConAm Group purchased Silverbell Springs, a 290-unit multifamily community at 7759 N. Silverbell Rd., Marana, for $50.25M. Tyler Anderson, Asher Gunter and Jeff Casper of CBRE Multifamily Institutional Properties represented the sellers, a joint venture between The Bascom Group and funds managed by Oaktree Capital Management, L.P. 2. A private investor […]
BEX Construction Activity Forecast
By Tasha Anderson for AZBEX Despite construction employment and activity levels not reaching pre-recession peak levels, 2019 was still a very good year and 2020 is poised to be even better. Such was the theme of the BEX 2020 Construction Activity Forecast event, held Wednesday, January 8th at the Tempe Center for the Arts. Nearly […]
White Claw Hard Seltzer Facility Coming to Glendale
Source: Arizona Commerce Authority Mark Anthony Brewing has chosen Glendale as the location of its new state-of-the-art brewery and BrewPure facility. Construction is slated to be completed in record time. The facility will be in Glendale’s “New Frontier” at the Loop 303. In a race against time, to meet the explosive demand for White Claw […]
Governor Seeks US Funding for Tonto Creek Bridge
Source: Office of the Governor Doug Ducey Governor Doug Ducey sent a letter to U.S. Department of Transportation Secretary Elaine L. Chao urging her to prioritize funding for the Tonto Creek Bridge in Gila County. Tonto Basin, which is divided by the Tonto Creek, is a 1,500-resident community in Gila County. When the Tonto Creek […]
Real Estate Companies to Watch in 2020
By Steve Burks for AZ Big Media Here’s a look at some of the top real estate companies to watch in Arizona. These companies have seen tremendous growth in Arizona and they will be the ones driving the industry forward, through calm water or rough seas. ARCHSOL ARCHSOL remains focused on providing collaborative architectural solutions […]
Nov. Construction Unemployment Rates Rise
Source: Associated Builders and Contractors In November, estimated not seasonally adjusted construction unemployment rates increased nationally and in 38 states, fell in 11 states and were unchanged in one state (Washington) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of November […]
Arizona Projects 01-10-20
Groundbreakings 1. Townline Midtown Office, located at 2600 N. Central Ave. includes creating a unique lifestyle-focused office tower by re-envisioning and renovating the building lobby, common areas and landscape architecture in a style that’s modern, relevant, welcoming and timeless. parking garage. George Smith Partners expects to complete renovations in the fourth quarter of 2020. 2. […]
Plans Submitted to Scottsdale for Skysong 6
By Tasha Anderson for AZBEX Butler Design Group, on behalf of master developer, Plaza Companies, has recently submitted plans to the City of Scottsdale for the latest addition to the massive 1.2MSF Skysong mixed-use project. Skysong 6, also known in the architectural documents submitted to the city as Skysong 7, is planned as a new […]
North-South Fwy Will Not be Closer to DTWN Florence
By Mark Cowling for Eloy Enterprise The Arizona Department of Transportation didn’t support the wish of Florence town officials for the proposed “North-South Freeway” to veer near downtown. ADOT has announced a draft environmental impact statement and preferred corridor for the potential freeway in Pinal County running from Interstate 10 to State Route 60. Florence […]