2019 Arizona Construction Volume to Hit $14.8B
By Rebekah Morris for AZBEX Construction activity in Arizona is projected to hit $14.8B in 2019. That was just one of the good pieces of news presented in the private development outlook presented by BEX Founder and President, Rebekah Morris at the fifth annual Private Development Summit on Tuesday. Population Growth and Employment and Housing, […]
HonorHealth Planning 5-story Neuroscience Institute
By Tasha Anderson for AZBEX HonorHealth is requesting approval for a site plan, landscape plan and building elevations in order to develop a new multi-tenant medical office building at their Osborn Medical Center Campus in Scottsdale. The project, called the HonorHealth Neuroscience Institute, is planned as a five-story 116KSF outpatient clinic building located at 7242 […]
2019 Private Development Summit Highlights
By Tasha Anderson for AZBEX The first week of May has come and gone, which in BEX’s world means another successful Private Development Summit has passed. More than 200 attendees gathered at the DoubleTree by Hilton in Tempe on Tuesday, May 7th, for an afternoon of looking into the current and future state of the […]
Arizona Projects 05-10-19
Awards & Accolades 1. Sundt Construction, Inc. was recently honored for its work on the City of Chandler’s Ocotillo Water Reclamation Facility (OWRF) Expansion Project. The AZ Water Association awarded the project the 2019 Wastewater Treatment Plant Project of the Year. The $120M project was a joint venture between Sundt and McCarthy Building Companies and […]
255-Unit Multifamily Dev. Planned for Avondale
By Tasha Anderson for AZBEX A luxury, high-density urban living residential development is being planned in order to draw a variety of residents to Downtown Avondale. The City of Avondale approved two requests submitted by Tiffany & Bosco, P.A., on behalf of Quyp Development Services, LLC at their April 18 Planning Commission meeting. The first, […]
ALTA Warehouse Planned for Phoenix Warehouse
Source: ABI Multifamily ABI Multifamily has announced the $6.08M closing of land for the future home of ALTA Warehouse, a planned multifamily development in Phoenix. Located at 600 West Lincoln Street, the 7.33-acre site in a designated Opportunity Zone is one of the largest still vacant spaces in the highly revitalized Warehouse District of Downtown […]
Industry Professionals 05-07-19
Giving Back 1. Rosendin recognized all the students who took part in the 9th annual Racing the Sun program and competition. Rosendin has been a program sponsor since 2016, mentoring students and teaching them how to construct a solar powered go kart over the course of a school year. Racing the Sun is a science, […]
Commercial Real Estate Transactions 05-07-2019
Sales Transactions 1. Investcorp has acquired an eight-building industrial portfolio spread across the U.S. for $170M. The properties house a total of 1.4MSF of space and are currently 100 percent leased. The firm did not disclose a seller in the deal. The properties are single-tenant distribution buildings located in eight major U.S. markets—Chicago, Phoenix, St. […]
Old Dominion Freight Rolls into Mesa
By Sammy Williams for AZBEX Old Dominion Freight Line, Inc. of Thomasville, NC announced plans to develop a 19-acre site located on the SEC of Crismon Road and Pecos Road in Mesa. The proposed project consists of a 5,450 square foot office building and 47KSF of warehouse space, which will serve as a cross dock […]
Arizona Projects 05-03-19
Groundbreakings 1. On behalf of SunCap Property Group, Graycor Construction Company has started construction on a new, 135.7KSF flex industrial building at the Gilbert Spectrum industrial project. The building kicks off development in the southern portion of the 63-acre project, which is situated at the SWC of Elliot and McQueen roads in Gilbert. Building One […]