Leading Market Series Shines Spotlight on Mixed-Use
By Sammy Williams for AZBEX The latest in the BEX Leading Market Series found attendees gathered at SkySong in Scottsdale on Thursday, April 4th to discuss the ever-changing world of mixed-use development. BEX President Rebekah Morris kicked off the breakfast with an overview of the mixed-use sector, which comprises $7B in total construction costs around […]
Technical High School Planned for Tucson
By Brenna Bailey for Arizona Daily Star A new high school is in the works for Tucson’s south side that would give hundreds of teens the opportunity to work toward industry certifications while earning a high school diploma. The high school, dubbed the JTED Innovative Learning Campus, will offer industry training in disciplines including culinary […]
Commercial Real Estate Transactions 04-09-2019
Sales Transactions 1. AllianceBernstein shelled out $211M for a 12-property, 2,182-unit portfolio of apartments. The seller was Western Wealth Capital. The portfolio consists of: Edgewater – 102 S. 4th Ave, Avondale: $21.75M Sandal Ridge – 645 N. Country Club Dr. Mesa: $19.9M Terrace Park – 8130 W. Indian School Rd, Phoenix: $20.1M Brookside – 6131 […]
Warehouses to be ‘Landing’ at Ray Rd and Hawes
By Tasha Anderson for AZBEX Gilmore Planning & Landscape Architecture, on behalf of property owners Crisko, LLC and Kay L. Toolson, Trustee of the Kay and Judy Toolson Joint Revocable Trust UAD, recently submitted an application to the City of Mesa to rezone approximately 35.9 acres for the development of two industrial warehouse buildings located […]
Industry Professionals 04-05-19
Giving Back 1. Thanks to a creative way to test passenger weight on the new Gilbert Road light rail extension, Valley Metro, along with project contractors, Stacy & Witbeck and Sundt, donated tons of water to United Food Bank. The donation of 55 pallets, or 115,500 bottles of water will be distributed to unsheltered and […]
Arizona Projects 04-05-19
Awards & Accolades 1. The AC Hotel by Marriott Tucson Downtown has been awarded the Leadership in Energy and Environmental Design (LEED) 2018 New Construction and Major Renovations certification. LEED certification identifies the hotel as a showcase example of environmental design. Groundbreakings 2. A shipping-container housing project called Stackhouse is ready to break ground at […]
Ind. Bldgs Planned for Mesa Elliot Tech Park West
By Tasha Anderson for AZBEX The City of Mesa approved another project planned for the Mesa Elliot Technology Park at its March 20th Planning and Zoning Board meeting. Owner, Sunbelt Investment Holdings, Inc. had requested a site plan review approval as well as approval of a Special Use Permit in order to develop two new […]
Tatum & Dynamite Self-Storage Site Purchased
Source: 1784 Capital Holdings Scottsdale-based 1784 Capital Holdings, LLC, has purchased five acres located at 4725 E. Dynamite Blvd. in Cave Creek, Arizona. The developer of high-end self-storage facilities plans to create a state-of-the-art facility on the site. “This area in the northern portion of Metro Phoenix is one of the fastest growing in the […]
Commercial Real Estate Transactions 04-02-2019
Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap announced the $52M sale of Alta Midtown, a 225-unit apartment complex in Midtown Phoenix. Steve Gebing and Cliff David of IPA represented the seller, Wood Partners, and procured the buyer, FSC Realty. 2. Maravilla Apartments, a 225-unit multifamily community at 13621 W. […]
Compass Data Centers Rezone OK’d
By Tasha Anderson for AZBEX The City of Goodyear received requests to rezone approximately 159 acres on the west side of Bullard Avenue for the development of yet another new data center. Compass Data Centers submitted a request to rezone 103 acres at the NWC of Bullard Avenue and Yuma Road, extending to about half […]