Plans Submitted for 552-Unit SDLE Apt. Project
By Tasha Anderson for AZBEX The City of Scottsdale has received plans for a new 552-unit multifamily residential community at the NWC of Hayden Road and Princess Boulevard. Developer, Mark-Taylor is requesting Development Review Board approval of a site plan, landscape plan and building elevations for the project, dubbed San Artes. The proposed project consists […]
Industry Professionals 05-21-19
Giving Back 1. Danny Gumm, Operations Manager at Sundt Construction, has shaved his seven-year-old beard for charity. A GoFundMe campaign called “Shave it or Save it” where donors could cast a ‘save it’ or ‘shave it’ vote has raised $67K with an original goal of $50K. Which Sundt later matched for a total of over […]
Commercial Real Estate Transactions 05-21-2019
Sales Transactions 1. Tides Equities recently purchased the Modern on the Rail, a 488-unit garden-style multifamily property at 1905 W. Las Palmaritas Drive, Phoenix, for $39.75M. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office secured the sale on behalf of the seller, Modern Residential Company. 2. […]
Developer Requested to Transform Mesa Site
By Tasha Anderson for AZBEX The City of Mesa wishes to transform 27 acres of city-owned land at the SWC of University and Mesa drives into a “vibrant and cohesive urban mixed-use project” and is requesting a partner to help with that vision. On May 6, the City of Mesa issued a Request for Qualifications […]
Eisenberg Company to Deliver New Industrial Projects
Source: Cushman & Wakefield Eisenberg Company, a Phoenix-based development company, announced two new industrial projects delivering in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are slated to start construction this quarter and will total a combined 533.5KSF. “We are excited to bring two first class projects online to meet the […]
Arizona Projects 05-17-19
Groundbreakings 1. Hines Interests has begun construction on a 640-unit, 65.3KSF (NRA) self-storage facility at Priest Dr. and Warner Rd in Tempe. A second, 673-unit, 76KSF (NRA) facility set to be located at Dysart and Camelback Roads in Litchfield Park is expected to begin in June and be completed by the end of 2019. CubeSmart […]
ADOT Requests P3 DB Services for I-10/I-17 Split
By Tasha Anderson for AZBEX The Arizona Department of Transportation recently issued a Request for Qualifications related to the design and construction of the Interstate 10 Broadway Curve, I-17 (Split) to SR 202L Capital Improvement Project in Phoenix. The selected firm will enter into a public-private partnership Design-Build contract with ADOT. The project area consists […]
Mtn. Line Looks at Building New Flagstaff Connection
By Adrian Skabelund for Arizona Daily Sun Voters shot down a proposition providing money to expand bus services in Flagstaff during the last election, but that hasn’t stopped staff at the Northern Arizona Intergovernmental Public Transportation Authority (NAIPTA) from looking at the future. Case in point, downtown Flagstaff might be seeing a more developed Mountain […]
Industry Professionals 05-14-19
Giving Back 1. Rosendin was announced recently as the new solar partner for Camp Colley, a summer adventure camp located on the Mogollon Rim in northern Arizona. As the camp’s solar partner, Rosendin will ensure that the camp and its facilities have consistent power to operate the camp. Awards & Accolades 2. The Novus Innovation […]
Commercial Real Estate Transactions 05-14-2019
Sales Transactions 1. Continental Realty Advisors (CRA) has completed the sale of Courtney Village Apartments, a multifamily property in Phoenix, for $62.2M. Additional terms of the transaction were not released. 2. Trammell Crow Company purchased an 8.24-acre site at the SWC of Raintree Dr and 87th St in Scottsdale for $11.5M. Barry Gabel, Chris Marchildon, […]