Camelback Self Storage Brings 800 Units to Glendale
By Sammy Williams for Arizona Builder’s Exchange GYS Development of Colorado Springs is preparing to accept the decluttered possessions from Glendale homes and businesses in this era of tidying up. The developer announced their intent to build Camelback Self Storage at 5025 N. 99th Avenue, on the NEC of 99th Avenue and Camelback Road in […]
Industry Professionals 02-15-19
Awards & Accolades 1. The honorees list for the 2019 Outstanding Women in Business Awards has been published. Among the 25 women being honored this year are: Audrey Monelli, president of Forrest Anderson Plumbing and Air Conditioning; Jen Scrivner, COO, Goodmans Interior Structures; Jill Hegardt, vice president of entitlements at DMB Associates Inc.; Karen Marshall, […]
Arizona Projects 02-15-19
Groundbreakings 1. Wexford Science & Technology LLC is preparing to break ground on the 200KSF, $77M ASU Phoenix Biomedical Campus in Downtown Phoenix. ASU has sub-leased the land to Wexford for the new project, the first such private-public partnership on the Biomedical Campus. 2. The granite sidewalks in front of the R.H. Johnson Recreation Center are […]
312-unit Multifamily Development Proposed in Tucson’s Rita Ranch
By Sammy Williams for Arizona Builder’s Exchange HSL Construction Services, LLC has announced plans to develop Encantada at Rita Ranch, a luxury apartment community at the southeast corner of Valencia Road and Nexus Road in Tucson’s Rita Ranch. The 312-unit complex, situated on 17.16 acres, will be the fifth Encantada development in Tucson. Additionally, HSL […]
EastGroup Buys $6.4M Gilbert Parcel for Industrial Park
Source: Colliers International in Arizona EastGroup Properties, Inc. has purchased 23.6 acres of land near Germann and Gilbert roads for $6.4M. The real estate investment trust plans a four-building, two phase industrial park called Gilbert Crossroads Business Park on the property and will break ground in April. “This was a unique transaction involving rezoning and […]
Commercial Real Estate Transactions 02-12-2019
Sales Transactions 1. Park Hotels & Resorts Inc. has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort located in Phoenix for $51.4M. 2. Northland Investment Corporation acquired Canyons at Linda Vista Trail, a 228-unit luxury apartment community at 9750 N Oracle Rd., Oro Valley, for $41.25M. Art and Clint Wadlund of Berkadia in […]
First LMS of 2019 Discusses Higher Ed
By Tasha Anderson for Arizona Builder’s Exchange BEX Events kicked off the first Leading Markert Series of the New Year with a bang by discussing the Higher Education market. More than 100 attendees gathered at ASU Skysong 3 on Wednesday, February 6, for the sold-out event to gain insight into any upcoming projects as well […]
Updated Design Unveiled for Millennium Park Central
Source: Cuningham Group Architecture, Inc. Cuningham Group Architecture has released updated design renderings of Millennium Park Central, a nine-story, market-rate apartment community in the highly anticipated Park Central redevelopment in midtown Phoenix. Developed by The Dinerstein Companies, the project will seek LEED Silver certification. The development, which is scheduled to open in late summer of […]
Industry Professionals 02-08-19
Awards & Accolades 1. Rosendin, one of the nation’s largest private electrical contractors and an employee-owned company, has recognized 13 apprentices who graduated from the Phoenix Electrical Joint Apprenticeship and Training Committee (JATC). Company News 2. Kinney Construction Services, Inc. (KCS) is celebrating 20 years of business this year, serving its valued clients in Northern Arizona and […]
Arizona Projects 02-08-19
Groundbreakings 1. Bathrooms in one portion of Paiute Neighborhood Center have started construction in order to bring them up to ADA compliance. The project renovations will occur in building 2 of the neighborhood center, 6535 E. Osborn Rd. Doege Development, LLC is the general contractor. 2. An Arizona Department of Transportation project getting underway this […]