Closed Dwtn Tucson Hotel Renovates Closer to $45M
By Joe Ferguson for Arizona Daily Star The Tucson City Council signaled Tuesday night that they would sign off on millions of dollars in incentives to remodel long-closed Hotel Arizona in downtown Tucson. The HSL Properties-owned hotel, at the corner of West Congress Street at South Granada Avenue, has been closed since 2012. Under the […]
Industry Professionals 09-10-19
Giving Back 1. Cookie Drive Collects 11,831 Cookies for Phoenix Children’s Hospital Kids – LSW Engineers Arizona, Inc. partnered with architectural firms Arrington Watkins, DWL, and triARC during a month-long cookie drive to collect 11,831 cookies for young patients at the Phoenix Children’s Hospital. LSW hosted a packing party on August 23rd to wrap two cookies […]
Commercial Real Estate 09-10-19
Sales Transactions 1. The JW Marriott Desert Ridge has sold a record of $602M. Trinity Real Estate Investments and Elliott Management Corp purchased the North Phoenix property and plan a multi-million dollar renovation to guest spaces including rooms, meeting spaces and restaurants. The Blackstone Group out of New York sold the property. 2. Coastal Ridge […]
396-unit Multifamily Development Proposed for Phx
By Tasha Anderson for AZBEX A new multifamily residential development is being proposed for the SWC of 19th Avenue and Alameda Road in North Phoenix. The Related Group, the owner of the unnamed 461KSF apartment complex project, is requesting to rezone the approximately 20.06 acres from Light Industrial to Multifamily Residence. The Related Group wants […]
Tempe Balances Community with Sustain. Growth
By Nick Serpa for Chamber Business News As more and more companies continue to expand their operations in Tempe – such as State Farm, which recently announced its intention to hire an additional 1,100 employees at its offices near Tempe Town Lake – City of Tempe officials have reason to believe that Tempe’s growth spurt […]
AJ School District Seeks Bonds, Override
By Richard H. Dyer for Apache Junction Independent Voters in a November 5th election will consider authorizing Apache Junction Unified School District to issue and sell $60M in school-improvement bonds and exceed its budget by the lesser of $2M or 10 percent of its revenue control limit. The district’s first override passed in 1999 and […]
Arizona Projects 09-06-19
Groundbreakings 1. ViaWest Group has kicked off major renovations at 200 EVB, an office building purchased late last year located at 200 E. Van Buren, Phoenix. The building’s Third Street parking garage is also undergoing an LED retrofit and the addition of an improved parking system. 2. The University of Arizona (UA) broke ground on […]
Avondale Approves Master Plan Community
By Tasha Anderson for AZBEX The Avondale City Council approved an amendment to an existing development deal at its August 26th meeting for the 163-acre Parkside Village site at the SWC of Indian School Road and 99th Avenue. According to the city staff report, “The proposed amendment will redefine infrastructure improvements… modify the timing for […]
Papago Plaza ‘Pueblo’ Days are Numbered
By Wayne Schutsky for Scottsdale Progress The days are numbered for the dilapidated, yet memorable pueblo-style buildings that make up the old Papago Plaza as a local developer prepares to demolish the structures to make way for a new mixed-use development. Pivot Development President Lee Mashburn, who has owned the property since 2015, said demolition […]
Mesa, QC Partner on Crucial Road Projects
By Gary Nelson for East Valley Tribune Faced with the prospect of further explosive growth in the Southeast Valley, Mesa and Queen Creek are hustling to build two major roadways that will connect with a future extension the State Route 24 freeway. The cities have agreed to design and build Meridian and Signal Butte roads […]