416KSF of Industrial Planned for Gilbert’s East Side
By Sammy Williams for AZBEX Trammell Crow Company of Dallas announced plans to develop nearly 29 acres located southwest of Power and Warner Roads in Gilbert. The proposed project, Gilbert Gateway Commerce Center, consists of three industrial/office buildings totaling approximately 416KSF. The subject site is located directly west of the existing American Furniture Warehouse and […]
Arizona Construction Gained 2,900 Jobs in March
By Tasha Anderson for AZBEX Arizona’s seasonally adjusted unemployment rate decreased to 5 percent in March, from 5.1 percent in February 2019, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate remained at 3.8 percent from February. In March 2018, the state had a seasonally adjusted rate of […]
Industry Professionals 04-19-19
Giving Back 1. Over the course of 2018, Tierra Right of Way and its staff donated over $21K to the Community Food Bank of Southern Arizona. 2. Tierra Right of Way sponsored the 18th Annual Habitat for Humanity Women Build Event on March 9. Thousands of women and community members joined together to build simple, […]
Arizona Projects 04-19-19
Groundbreakings 1. Path Construction Southwest has broken ground on the historic renovation of Arnold’s Pickle House in Phoenix. The project, being developed by Chicanos por La Causa, will be available for office/creative/ business space and is expected to be complete in October. SPS+ Architects is the architect. 2. Print.Save.Repeat held a groundbreaking ceremony for two […]
Sedona Working Toward Workforce Housing
By Tasha Anderson for AZBEX Developer, Serenade, LLC is working toward adding more affordable workforce housing in Sedona. A request has been submitted to the city for a Major Community Plan Amendment to redesignate the site from Single-Family Medium Density to Multifamily High Density, in order to construct 52 apartment units on 2.54 acres east […]
New City Hall, Class A Office Planned in Goodyear
By Corina Vanek for Phoenix Business Journal The City of Goodyear and Globe Corp., a Scottsdale-based developer, have taken the first step to partner in what the city hopes will be a catalyst for more West Valley development. At its April 8 meeting, the Goodyear council approved a letter of intent to enter into a […]
Commercial Real Estate Transactions 04-16-2019
Sales Transactions 1. Millenium Management recently purchased the 590-unit San Sonoma apartment complex at 9101 S. Priest Dr., Tempe, for $71.3M. The seller was Kitchell Development. 2. Blackstone Group recently purchased the 333-unit Elevation on Plaza Del Rio apartment complex at 13310 N. Plaza Del Rio Blvd., Peoria, for $69.9M. The sellers were Vedura Residential […]
Plans Emerge for New Mesa Data Center
By Tasha Anderson for AZBEX Long-awaited plans for the Digital Realty Data Center proposed for Mesa’s Elliott Road Technology Corridor have finally surfaced. Back in May 2017 the City of Mesa announced that Dupont Fabros Technology, Inc. – now known as Digital Realty – had purchased 56.5 acres of undeveloped land at the NEC of […]
Industry Professionals 04-12-19
Awards & Accolades 1. Chris Loeffler, the founder and CEO of Caliber-The Wealth Development Company was recently presented with the Vistage Impact Award for making an impact on the group and demonstrating company growth and business development at the Vistage 2019 Arizona Member Excellence Awards. 2. The annual Outstanding Women in Business celebration drew more […]
Arizona Projects 04-12-19
Groundbreakings 1. SWP Contracting & Paving started construction on the ADOT US95 and Avenue 8E Intersection Realignment in Yuma April 1st. 2. Banner Health will begin construction on its new $60.4M, 40KSF emergency department in Sun City on Wednesday. The department will be an addition to the Banner Boswell Medical Center. Sun Health Foundation and […]