89-Unit Multifamily Dev. Proposed for SDLE
By Tasha Anderson for Arizona Builder’s Exchange Worksbureau, Inc., on behalf of Cabana Hayden, LLC, submitted a proposal to the City of Scottsdale for approval of a new 89-unit residential development on Hayden Road between E. Oak Street and E. Monte Vista Road. The request is for Development Review Board approval of a site plan, […]
Mesa ‘Eyesore’ to Become 5-story Apt. Complex
By Lauren Castle and Lindsey Collom for The Arizona Republic One of the most notorious corners in Mesa should look different by March 2021. What are now fenced-off largely vacant lots on the northwest corner of Main Street and Country Club Drive are envisioned as a five-story, nearly 200-unit apartment complex with bottom-floor retail space. The city recently […]
Commercial Real Estate Transactions 02-05-2019
Sales Transactions 1. Kasten Long Commercial Group has facilitated the sale of Green Leaf on Bell, a 306-unit community at 1100 E Bell Rd, Phoenix. Green Leaf Partners purchased the asset from Evergreen Development for $61.7M. Linda Fritz-Salazar, associate broker, and Scott Trevey, senior associate, were part of the brokerage team that handled the deal. 2. JLL’s Capital […]
NAH Announces $300M New Era Strategic Plan
By AZBEX Staff for Arizona Builder’s Exchange Northern Arizona Healthcare approved a $300M investment over three years, to expand their facilities and programs as part of their New Era Strategic Plan to better serve the Northern Arizona community. The plan, named NAH+ and described as a way to “to support a seamless continuum of care […]
Desert Ridge Land Sold, Development to Finally Restart
By Catherine Reagor for The Arizona Republic Development on a big chunk of northeast Phoenix’s popular Desert Ridge community is no longer on hold. That means more money could start flowing to Arizona schools. After years of contentious legal battles and bankruptcy filings, California-based Crown Realty & Development emerged as the winning bidder on the […]
Industry Professionals 02-01-19
Awards & Accolades 1. Small Giants, LLC has been selected as one of OUTSIDE Magazine’s Best Places to Work. The winning companies provide great workplaces for employees and encourage a balance between work and enjoying life in the great outdoors, while focusing on supportive work practices. 2. Achen-Gardner Construction recently won two prestigious awards at the Arizona […]
Arizona Projects 02-01-19
Groundbreakings 1. The Banner Ironwood Medical Center campus is growing in Queen Creek. Ground was broken Wednesday, Jan. 23, for the construction of a 60KSF outpatient medical office building on the far north end of the Banner Ironwood campus. Construction is estimated to be completed later this summer. Ryan Companies US, Inc. is the general […]
275KSF VA Outpatient Facility Planned for PHX
By Tasha Anderson for Arizona Builder’s Exchange An application for Planning Hearing Officer Action for a new Veterans Administration Medical Clinic has been submitted to the City of Phoenix Planning and Zoning Department. The applicant, US Federal Properties Co., LLC, has requested modifications to previously approved zoning stipulations in order to develop a 5-story, 275KSF […]
Student-focused Development in Flagstaff to Go Before Council
By Adrian Skabelund for Arizona Daily Star Flagstaff City Council will be reviewing a newly proposed student-centered housing development planned for a piece of land at the southwest intersection of Lone Tree Road and J.W. Powell Boulevard at the Jan. 29 meeting. The development, by the Austin, Texas based Campus Advantage, is planned for a […]
Commercial Real Estate Transactions 01-29-2019
Sales Transactions 1. The Standard, a 228-unit apartment complex near Hardy and University drives in Tempe, sold for $31.3M. Neil Sherman and Shane Benjamin of Sperry Commercial represented both the buyer, Tides Equities, and seller, 29th Street Capital. 2. Cushman & Wakefield announced that Pacifica Real Estate Group purchased Pecos Gateway Business Park, a 126KSF three-building industrial property at 8743 […]