PHX Industrial Develop. Has Found a Perfect Balance
By Kelsi Maree Borland for GlobeSt.com The Phoenix industrial market has found its perfect balance. The market has one of the most active new construction pipelines in the nation for industrial product, but the development isn’t in danger of surpassing demand. “The most remarkable factor of the Phoenix Industrial Market has been consistency,” Cooper Fratt, […]
Arizona Projects 12-06-19
Groundbreakings 1. Sigma Contracting, Inc. broke ground on the iconic Papago Plaza in Scottsdale for up to 88KSF in new retail and office buildings and a 120KSF parking garage. Sigma’s portion of the project is valued at $11M-$16M and will consist of the complete demolition of the original Papago Plaza. The architect of record is […]
Broadstone Multifamily Project Proposed for PHX
By Tasha Anderson for AZBEX National real estate development firm, Alliance Residential Company has submitted plans to the City of Phoenix for a new multifamily residential development just east of the NEC of Camelback Road and 7th Avenue. Alliance is requesting a rezoning of the 4.35-acre site at 502 W. Camelback Road, from “Intermediate Commercial […]
Yavapai County BOS OK’s Hilton Garden Zone Change
By Ron Eland for Sedona Red Rock News It was another unanimous vote by Yavapai County officials. On Wednesday, November 20th, the Yavapai County Board of Supervisors voted 5-0 to approve a zone map change for a proposed 154-room Hilton Garden Inn at the intersection of Jacks Canyon Road and State Route 179 in the […]
Road Projects Starting in 2020 in Queen Creek
By Richard Dyer for Queen Creek Independent A total of 13 road-construction projects are planned in the Town of Queen Creek in 2020, with three starting before the end of 2019. The 10 projects that will begin construction in 2020 are: Signal Butte Road and Queen Creek Road Intersection Queen Creek Road, Ellsworth Road to […]
Enough Junky Buildings, Mesa Decides
By Gary Nelson for East Valley Tribune Back in the day when Mesa first appointed a citizens advisory panel to evaluate the appearance of new buildings in the city, they named it the Design Review Advisory Board. The acronym – DRAB – may have been unfortunate, but city officials admit it could describe a lot […]
Construction Industry Healthy Heading into 2020
Source: Marcum LLP The Marcum Commercial Construction Index for the third quarter of 2019 finds the industry in overall good health as 2020 approaches, despite some causes for concern. Entitled, The Good, The Bad, and The Ugly, the report is produced by Marcum LLP’s Construction Services Group. The Good On the positive side, Marcum’s third […]
Industry Professionals 12-03-19
Giving Back 1. George Randall and Payson Concrete & Materials once again did their part to make it a good Thanksgiving for Rim Country residents in need by donating $4K to split evenly between four area nonprofits, and more than a ton of food to the food bank. Every October the local business owned by […]
Commercial Real Estate Transactions 12-03-19
Sales Transactions 1. Forum at Gilbert, LLC purchased The Forum at Gilbert Ranch, a 92K+SF Class A office and medical campus at 1472,1482,1528 and 1530 E. Williams Field Rd and 2314 S. Val Vista Dr., Gilbert, for $20.5M. Geoff Turbow, Matt Pourcho, Anthony DeLorenzo, Gary Stache, Bryan Johnson and Doug Mack of CBRE Investment Properties […]
New Townhome Complex Proposed for Surprise
By Tasha Anderson for AZBEX The City of Surprise Planning and Zoning Commission recently reviewed a site plan for a new townhome development just north of the NWC of Cactus Road and Cotton Lane at its November 7th meeting. Applicant, Bowman Consulting, LTD, on behalf of owner, NWC Cotton Lane and Cactus, LLC, submitted for […]