Construction Input Prices Rebound in July
Source: Associated Builders and Contractors Construction input prices expanded 0.8 percent in July but are down 0.6 percent year-over-year, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released. Nonresidential construction input prices also increased 0.8 percent for the month but have declined 0.3 percent […]
Industry Professionals 08-13-19
Giving Back 1. The Sundt Foundation awarded over $85K in grants to 30 Phoenix-area nonprofits during its third-quarter disbursements. The Sundt Foundation awards grants each quarter to area charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners. 2. The Sundt Foundation awarded […]
Commercial Real Estate Transactions 08-13-2019
Sales Transactions 1. Blackstone Group LP has dropped $100M to buy San Valiente Luxury Homes, the 604-unit apartment community at 2220 W. Mission Lane, Phoenix, from Millburn and Co. 2. Thayer Manca Residential LLC purchased the 368-unit Palm Canyon Apartments, 2255 W. Orange Grove Road, Tucson, for $40.3M from Domain Communities. The seller was represented […]
GDLE Dev. a Niche Between Single and Multifamily
By Sammy Williams for AZBEX Empire Residential Communities Fund IV, LLC (The Empire Group) of Scottsdale plans to develop 17.36 acres located south of the SEC of 53rd Avenue and Olive Avenue in Glendale. The gated residential community, named The Village at Olive Marketplace, features 208 casita-style, single-story homes. “The Village at Olive Marketplace combines the best elements […]
Plans Move Forward for Prescott Justice Center
By Sue Tone for Daily Courier Yavapai County Board of Supervisors approved a new Criminal Justice Center for the Quad Cities – Option one of three – after hearing from Facilities and Parks Director Kenny Van Keuren at the Wednesday, August 7th, board meeting in Prescott. Van Keuren presented three proposals, recommending Option one to […]
Business as Usual Between Canada and Arizona
By Nick Esquer for Chamber Business News Last year, Maricopa County saw the largest population increase of any county in the United States, adding another 81,244 residents to its desert clutches. That makes eight straight years of population gains, according to the Census Bureau. This impressive bump doesn’t account for the temporary residents who make […]
ADOT Holding Meeting on SR 69 Improvements
Source: Arizona Department of Transportation In preparation for a project improving State Route 69 in Prescott Valley, the Arizona Department of Transportation will hold a public meeting Tuesday, August 13, so area residents can learn more about the planned work and ask questions. The meeting, scheduled for 6 to 8 p.m. at the Prescott Valley […]
Arizona Projects 08-09-19
Awards & Accolades 1. As Nikola Motor Company draws closer to developing a 1MSF plant in Coolidge, the hydrogen electric semi-truck manufacturer is gaining accolades. The most recent recognition by Area Development Magazine ranks the Nikola plan among five “Projects of the Year” for 2019. Groundbreakings 2. Harkins Theatres has started construction on a new […]
Developer Chosen for Tempe’s Pier 202
By Tasha Anderson for AZBEX The Tempe City Council has approved beginning negotiations with developer, South Pier Tempe Holdings, LLC for the lease/sale and development of 11 acres of city-owned land at Pier 202. The City of Tempe wishes to redevelop the area on the south bank of Tempe Town Lake East of Scottsdale Road […]
Water Supply Infrastructure Bill Picks Up Steam
By Nick Esquer for Chamber Business News Last month, Arizona senators Martha McSally (R) and Kyrsten Sinema (D) joined forces in a show of bipartisanship by introducing legislation aimed at improving water supply infrastructure, giving local operators of federally owned facilities the resources and means they need to improve aging water treatment. The Water Supply […]