Scottsdale Planning OKs Southbridge 2.0
By Corina Vanek for Phoenix Business Journal The Scottsdale Planning Commission agreed to recommend the City Council approve a proposed mixed-use development that spans several sites along the Old Town Scottsdale canal at its meeting Thursday afternoon. Carter Unger, president of Scottsdale-based Spring Creek Development, took on his father’s legacy project after his father, Fred […]
Industry Professionals 09-03-19
Boards & Commissions 1. The Sundt Foundation has selected two new officers and added two new members to its board of directors. Stefanie Teller replaces Randy Rusing as President, and Joe Riccillo will assume Teller’s role of Vice President. Rick Buchanan and Jesse De Haro have been added as members to the Foundation’s board. 2. […]
Commercial Real Estate Transactions 09-03-2019
Sales Transactions 1. Black Salmon shook hands with partners ScanlanKemper Bard Cos. and Varde Partners Inc. for ownership rights to the U.S. Bank Center, a 375.9KSF, Class A office building at 101 N. First Ave, Phoenix. The Miami investor will invest more than $107M for the building, based on purchase price, tenant improvements and planned […]
Broadstone Dobson Ranch Provides Multifamily Solution for Mesa Site
By Sammy Williams for AZBEX Alliance Residential is in escrow to acquire 12 acres at the NWC of Dobson Road and Isabella Avenue in Mesa with plans to develop a high-quality residential community known as Broadstone Dobson Ranch. The site is currently occupied by the Dobson Ranch Inn hotel and Fiesta Bar & Grill. According to the developer’s […]
Scottsdale Approves Marquee Building in Old Town
By Lorraine Longhi for The Arizona Republic On Tuesday, Scottsdale narrowly approved Marquee, a 150-foot-tall office building planned for downtown, amid complaints that the project did not fit the aesthetics of Old Town or include enough parking. The approval highlights long-running clashes over development downtown. Marquee was approved in 2016 as a 90-foot-tall building to […]
Phx Voters Support Light Rail, Defeat Prop. 105
Source: Valley Metro Voters in Phoenix defeated an initiative that would have ended all light rail construction, prohibited future rail investment and returned billions in federal dollars previously pledged to expand the regional transit system. Last night’s vote marks the fourth time since 2000 that Phoenix voters have publicly supported light rail through the election […]
Arizona Projects 08-30-19
Groundbreakings 1. CAI Investment LLC began construction on the 276KSF Westin by Marriott in Tempe, which totals 18 stories and 290 rooms, in early 2018 on a 0.85-acre parcel at 11 E. Seventh Street. RSP is the architect for the project and Kitchell is the general contractor. The hotel is anticipated to open in Q2 […]
Goodyear OKs Vita at El Cidro Rezoning
By Tasha Anderson for AZBEX The Goodyear City Council recently approved a rezoning of approximately 27 acres at the NEC of Cotton Lane and Elwood Street at its August 19th meeting, for the development of a new multifamily community. Applicant, Withey Morris, PLC, on behalf of developer, Vita Communities, requested to amend the El Cidro […]
Major Redevelopment Planned for Oracle Plaza
By Karen Schutte for Real Estate Daily News Word is getting out about the plans for the former Platinum Fitness location at 7315 N. Oracle Road, near the NWC of Ina and Oracle Roads in Oro Valley. Platinum Fitness closed in April 2019 and investors led by Larsen Baker and Volk Company teamed up to […]
Cherokee Elementary Rebuild Design Plans on Display
By Josh Martinez for Paradise Valley Independent Officials from Orcutt | Winslow, an architect firm working on the rebuild of Cherokee Elementary School, stood before the Scottsdale Unified School District Governing Board Tuesday, August 20th to give an update on their ongoing project. The update included a design concept, which the firm presented previously at […]