ViaWest Group Acquires 25.91 AC of Industrial Land
ViaWest Group announced it has closed on the acquisition of a 25.91- acre parcel located at the SWC of Elwood St. and Sarival Ave. in Goodyear, for $4.55M. The acquisition is a joint venture with a Philadelphia-based investment company. The land is zoned for industrial use and will be developed into three industrial buildings totaling […]
Comments Invited on BDWY Curve Envir. Assessment
Source: Arizona Department of Transportation The deadline is approaching for public comment on a Draft Environmental Assessment on improvements proposed for 11 miles of Interstate 10 between the Interstate 17 “Split” interchange and the Loop 202 Santan Freeway. The Draft Environmental Assessment, which was published on Oct. 4, is available for review at azdot.gov/I10BroadwayCurve. The […]
What the Diamondbacks Want in a New Stadium
By Rebekah L. Sanders for The Arizona Republic The Arizona Diamondbacks want a stadium smaller than Chase Field to provide a more “intimate” experience for fans, surrounded by a major shopping and dining complex that could rival Glendale’s Westgate Entertainment District in size, according to a team wish list obtained by The Arizona Republic. The […]
Arizona Projects 11-15-19
Groundbreakings 1. Roman Catholic Diocese of Phoenix has scheduled a groundbreaking in Cave Creek on Nov. 17. The $18.5M expansion will include classrooms, administrative offices, and community center encompassing 43KSF. The design of the new building was handled by Phoenix Design Group LLC, and the general contractor for the expansion project is Forefront Development LLC. […]
Multifamily Proposed for Val Vista Square Mixed-Use
By Tasha Anderson for AZBEX A new multifamily residential project is being proposed for the 55-acre Val Vista Square Mixed-Use Development in Gilbert. The property, owned by Gilbert Growth Properties, LLC and located north of the Loop 202 San Tan Freeway on Val Vista Drive, currently houses a 60KSF Veterans Administration Medical Clinic and a […]
Industry Professionals 11-12-19
Awards & Accolades 1. The Arizona Association for Economic Development (AAED) has presented seven Golden Prospector Awards recognizing excellence, innovation and creativity in economic development. The City of Goodyear won two of the awards, one for attracting Andersen Corporation to the city as the deal of the year and one for its website, “Goodyear Economic […]
Commercial Real Estate Transactions 11-12-19
Sales Transactions 1. Vital Pharmaceuticals, the maker of Bang Energy drinks, bought a nearly 400KSF manufacturing plant in Phoenix near 43rd Avenue and Buckeye Road. The company bought the building for $53.32M and plans to invest more than $260M in Arizona operations. Sky Groden, Pat Harlan and Kyle Westfall with JLL represented Vital Pharmaceuticals in […]
2019 School Bond Recap
By Rebekah Morris for AZBEX Nearly $1.3B in school bonds were approved by Arizona voters across the state in 20 different school district bond elections. The vast majority were decided in Maricopa County with Pinal County coming in as a far distant second. Adequate education funding has become a trending topic through media coverage, increased […]
Yavapai County Mulls Bond Issue for Prescott Jail
By Cindy Barks for Daily Courier Yavapai County could be poised within the next four months or so to borrow upwards of $68M to pay for a new jail in Prescott. And if that occurs, initial site work could be underway at the chosen jail location along Prescott Lakes Parkway by about July 2020. During […]
PHX Receives $24M for PSHIA Northside Rail
Source: AZ Big Media Arizona senior Sen. Kyrsten Sinema helped secure $24M from the U.S. Department of Transportation for the City of Phoenix to advance the Phoenix Sky Harbor Airport Northside Rail Expansion. “The trenching of the Union Pacific railroad track on the north side of the airport is essential to our Airport Development Plan […]