GDLE’s Infrastructure Investment is Paying Dividends
By Mark Nothaft for AZ Big Media Over the past 15 years, the City of Glendale has invested more than $400M in infrastructure improvements to create a world-class environment for businesses large and small to thrive. The city’s Westgate Sports and Entertainment District straddling the Loop-101 has become a regional employment center with multiple Class […]
Residential Construction To ‘Increase Substantially’
By Aly J. Yale for Forbes The new year is shaping up to be a good one for homebuyers—at least those interested in buying new homes. Not only are homebuilders more confident in the market than have been in 20-plus years, but recent construction numbers are surpassing expectations. In fact, according to the U.S. Census […]
Industry Professionals 01-07-20
Giving Back 1. PICOR Charitable Foundation (“PCF”) raised and donated nearly $79K in its 2019 cycle, 10 percent more than the previous high mark. With all event costs underwritten by in-kind community partners and PICOR corporate funds, 100 percent of the funds raised through the 25th Annual Pancake Feed were granted to Tucson-area youth charities. […]
Commercial Real Estate Transactions 01-07-20
Sales Transactions 1. Partners Group purchased The Biltmore Center, a three building office complex totaling over 643KSF of office space on the NWC of 24th St and Camelback Rd, Phoenix, for $212M. Director Ben Geelan, Senior Managing Director Michael Leggett, and Analyst Nick Ray of JLL Capital Markets represented the seller, a partnership between Prospect […]
136KSF Ambulatory Clinic for Fort Huachuca
By Tasha Anderson for AZBEX The U.S. Army Corps of Engineers recently issued a Sources Sought announcement for preliminary planning information regarding a new ambulatory care center to be located at Railroad Avenue North and Irwin Street in Fort Huachuca. According to the announcement submitted to beta.sam.gov – the new Federal Contract Opportunities website that […]
Yavapai County seeks $70M Jail Construction Bond
By Bill Helm for Verde Independent On Wednesday, December 18th, the Yavapai County Board of Supervisors approved three items related to building the county’s new jail in Prescott. Supervisors voted to approve the consent agenda item that allows the county to seek reimbursement of capital and certain other expenditures related to the construction and equipping […]
Akimel 7 Planned at Loops 101 and 202
By Brandon Brown for Phoenix Business Journal A long-discussed entertainment district on Salt River Pima-Maricopa Indian Community land near Scottsdale could finally be taking shape, now that the group that controls the land announced December 27th a partnership with a commercial investment and development company. The proposed project, which still has many unknowns, would be […]
AAED Announces January Luncheon Speakers
Source: Arizona Association for Economic Development Four southern Arizona city/town managers will speak at the Arizona Association for Economic Development’s (AAED) January luncheon. Mary Jacobs, town manager for the town of Oro Valley, Jamsheed Mehta, town manager for the town of Marana, Kelly Udall, town manager for the town of Sahuarita, and Michael Ortega, city […]
Arizona Projects 12-31-19
Awards and Accolades 1. At the annual awards breakfast held by Local Initiatives Support Corporation (LISC) Phoenix, Foundation for Senior Living, a frequent user of the Affordable Housing Fund, received the exemplary project award for its The Marist on Cathedral project in Tucson. Groundbreakings 2. Monroe Gardens Apartments, a 78-unit affordable housing project at 1441 […]
90-Unit Project Proposed Next to Axis Raintree
By Tasha Anderson for AZBEX Just as Axis Raintree, a three-story, 175KSF Class A office building, broke ground at 85th Street and Raintree Drive in Scottsdale, High Street Residential, the fully-owned residential subsidiary of Trammell Crow Company, has submitted plans to the city for a new multifamily residential development to be located right next door. […]