ASU Develops Concrete to Speed Up Construction
Source: AZ Big Media An Arizona State University engineering professor is trying to promote a method of speeding up the Valley’s endless construction projects that can reduce years to months and months to weeks. Transportation experts say the economic, safety and transit benefits could be huge. Barzin Mobasher’s magic bullet is made of fiber-reinforced concrete. […]
Real Estate Leaders See Value in Coworking
Source: Cushman & Wakefield Cushman & Wakefield, a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Cushman & Wakefield partnered with CoreNet Global, a worldwide association of corporate real estate executives, to survey more than 550 key commercial real estate (CRE) […]
Arizona Projects 11-08-19
Awards & Accolades 1. Engineering New Record posted a list of the ENR Southwest’s 2019 Best Projects. You can find the full list of awards here. Some of Arizona’s best projects for 2019 include: Signal Butte Water Treatment Plant – City of Mesa – Best Water/Environment MIHS Maryvale Alternative Project – City of Phoenix – […]
Kaplan Proposes Luxury Multifamily for Scottsdale
By Tasha Anderson for AZBEX Houston, Texas-based multifamily developer, Kaplan Management Company is proposing a new multifamily development within the McCormick Ranch Center in Scottsdale. The site, located at 9375 East Shea Boulevard, is currently zoned as Commercial Office Planned Community District and Highway Commercial Planned Community District. Kaplan has submitted a request to the […]
Nonprofit to Develop PHX Senior Afford. Housing
By Angela Gonzales for Phoenix Business Journal Foundation for Senior Living is planning two more senior housing projects in Phoenix, but experts say it’s still not enough to keep up with the growing demand for affordable senior housing. Plans call for building two communities in Phoenix that will total $25.3M in development costs, said Tom […]
7.8 acres at Ellsworth Loop, Ocotillo to be Sold
Source: Queen Creek Independent Developers are being sought to purchase six properties totaling 7.8 acres near Ellsworth Loop and Ocotillo roads that are owned by the Town of Queen Creek. The town is seeking requests for proposals by 3 p.m. Dec. 10 at the Municipal Services Building. The following are the key considerations that the […]
2019 Medical Job Increase Fuels Market
Source: Colliers International in Arizona The Greater Phoenix medical office space market performed well during third quarter, rebounding from a challenging performance during second quarter. Medical job growth hit 3.7 percent during the first three quarters of 2019, outpacing the 2.7 percent overall employment increase. Net absorption of medical office space reached nearly 100KSF during […]
Industry Professionals 11-05-19
Giving Back 1. On Friday, October 25th the BEX team volunteered their time on a horticulture project with the Phoenix Zoo’s volunteer program. 2. The American Cancer Society held their 2019 Phoenix Big Dig in the Desert event on Saturday, November 2 in Downtown Phoenix. The Big Dig gives local sponsors & kids, including those […]
Commercial Real Estate Transactions 11-05-19
Sales Transactions 1. Crescent Communities has sold Novel Rio, a 209-unit, Class A property at 701 West Rio Salado Pkwy, Tempe to a private investor for $66.3M. 2. Velocis purchased Kierland One, a 175.4KSF Class A office building in Scottsdale, for $52.44M. Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented the […]
Master Developer Wanted for P83 Mixed-Use
By Tasha Anderson for AZBEX The City of Peoria is currently seeking a Master Developer with a “world class vision” to fund, design, construct and operate a massive mixed-use development on 17 acres in its P83 area at 83rd Avenue and Bell Road. A Request for Proposals was recently issued by the City of Peoria […]