Tonopah Investors Eyeing Region’s Future
By Connor Dziawura for West Valley View Joe Dodani calls Tonopah his “Diamond City.” The land broker, who said he has 15 years’ experience with more than 200 transactions in the area, has seen the growth in the West Valley — growth that he said is poised to overtake Tonopah in the coming years. So, […]
Industry Professionals 08-06-19
Giving Back 1. Valley Partnership has announced that New Pathways For Youth is the 2019 recipient of its annual Valley Partnership Community Project. The event brings together members and leaders within the Valley’s developmental community for a day of service. This year’s event will take place on November 4th, to improve the building and structure […]
Commercial Real Estate Transactions 08-06-2019
Sales Transactions 1. TruAmerica Multifamily has acquired Covington Park, a 520-unit garden-style apartment community in Phoenix for $77.26M. Tyler Anderson, Asher Gunter, Sean Cunningham and Matt Pesch from CBRE’s Arizona office marketed the properties on behalf of the undisclosed seller. 2. CBRE Global Investors acquired a 191KSF data center at 2500 W. Frye Road, Chandler, […]
LMS Checks in on AZ’s Hospitality Industry
By Sammy Williams for AZBEX The latest in the BEX Leading Market Series found attendees gathered at SkySong in Scottsdale on Thursday, August 1st to discuss the current state of the hospitality sector. BEX Vice President of Operations Rachel Pratt kicked off the breakfast with an overview of the hospitality industry, which is comprised of […]
Bids sought for Gilbert Regional Park Dev.
By BEX Staff for AZBEX The Town of Gilbert has recently issued a Request for Qualifications for a qualified developer to build a “hotel, resort, complimentary retail, conference center space and/or combination thereof,” on approximately 10 acres at Gilbert Regional Park. The town intends to enter into a minimum 30-year ground lease (with up to […]
APS to Request Solar and Wind Resources
Source: Arizona Public Service Company Arizona Public Service Company (APS) announced plans to add new solar and wind resources that will help expand the company’s renewable energy portfolio to about 2,500 megawatts by 2021 – enough to power more than half a million Arizona homes. The company plans to issue two Requests for Proposal (RFPs) […]
$53M Class-A Industrial Project Coming to W. Phx
Source: Marwest Enterprises Marwest Enterprises is pleased to announce the successful joint venture for its new development known as Logic Park 91. The project consists of three buildings totaling 720KSF on 44 acres. The new $53M, Class-A industrial project will be located at the intersection of 91st Avenue and Buckeye Road in Phoenix. The project […]
June Unemployment Rates Down in 40 States
Source: Associated Builders and Contractors In June, estimated not seasonally adjusted construction unemployment rates fell nationally and in 40 states and increased in 10 on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. For the second month in a row, all 50 states […]
Arizona Projects 08-02-19
Groundbreakings 1. Three “state-of-the art” data centers that Microsoft Corp. has begun constructing in Goodyear and El Mirage will employ a total of 110 people in their first phases, which are planned to open around 2021. The first phase for the Goodyear sites will total 486KSF while the first phase of the El Mirage site […]
Redev. RFP Issued for Downtown Regency Garage
By Tasha Anderson for AZBEX The City of Phoenix has issued a Request for Proposals for a firm to redevelop the Regency Parking Garage site at 40 N 2nd Street, downtown. The 41.2KSF site currently houses the Regency Parking Garage, a multi-story structure with commercial space on the ground floor that provides parking for the […]