Park303 Becomes Major Industrial Park
Source: Lincoln Property Company A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial project into a major new master-planned, Loop 303-fronting industrial park in Glendale, Arizona. With the additional land, the joint venture industrial park […]
George Oliver Announces $53M Redev. Project
Source: George Oliver Phoenix-based developer George Oliver has completed a $38.8M, two-building acquisition and will invest almost $14M in additional capital to bring a new creative office portfolio to the heart of downtown Chandler. Rebranded to The Alexander and The Johnathan, the buildings will be named after Chandler namesake Alexander Johnathan (A.J.) Chandler. “There is […]
Rio Nuevo Hears Plans for Riverfront Project
Source: Rio Nuevo Adam Weinstein, president and CEO of The Gadsden Company, asked the Rio Nuevo Board to help finance The Bautista, a $72M, mixed-use project on the West Side. When completed, the Bautista will sit along what will soon be a year-round flowing section of the Santa Cruz River. This mid-rise project, near West […]
ABC’s Construction Backlog Rebounds in Aug.
Source: Associated Builders and Contractors Associated Builders and Contractors reported that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4 percent from July 2019, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that […]
Arizona Projects 10-25-19
Groundbreakings 1. Lincoln Property Company (LPC), Harvard Investments, dignitaries from the City of Mesa and business and community leaders joined to celebrate the groundbreaking of the first office building at Union, a new project that – at build out – will total 1.35MSF in four Class A office buildings at Dobson Road and Rio Salado […]
PWC Sharpens Focus on Sector’s Future Opportunities
By Sammy Williams for AZBEX If your Starbucks run includes a PSL (that’s a Pumpkin Spice Latte), then it’s a sure bet the season of Capital Improvement Plans is upon us. To mark this occasion where municipalities debut their fiscal year plans for new construction, expansion and maintenance, BEX hosted more than 200 attendees at […]
Ariz. Construction Gained 1,800 Jobs in September
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 4.9 percent in September, from 5 percent in August 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate decreased to 3.5 percent from August. In September 2018, the state had a seasonally adjusted rate of […]
Arizona Construction Career Days
Source: AZ Big Media The rising cost of college is putting new emphasis on helping young people find alternative career paths that won’t leave them heavily in debt. The 18th annual Arizona Construction Career Days, held November 7th-8th, aims to expose young people to new career options they may not otherwise have considered that do […]
Design Forecast Phoenix: A New Workplace Narrative
By Rory Carder for Gensler On August 15th, 2019, Gensler Phoenix partnered with the local ULI chapter to bring the local community together to discuss new challenges in workplace design. Some of the Valley’s leaders attended the event, which included a lively panel discussion and follow-up Q&A about workplace issues such as the need for […]
Industry Professionals 10-22-19
Awards & Accolades 1. Rusty Kennedy of CBRE Group Inc. has been selected to a national list of influential young executives. The 2019 Business Journals’ Influencers: Rising Stars spotlights 100 executives who are having an impact early in their careers on business being done in cities across the nation. Company News 2. Restoration Builders, Inc. […]