26-Story Apt. Tower in PHX Gets Subcommittee Nod
By Tasha Anderson for AZBEX Plans for a 26-story multifamily tower with ground-floor retail proposed for the Roosevelt Row area is making its way through the City of Phoenix. On September 23rd, the Phoenix Workforce and Economic Development Subcommittee recommended approval for City Council to enter into a development agreement with developer, Hubbard Street Group to build the multifamily project located at […]
Rio Nuevo Approves Bautista Investment
Source: Rio Nuevo The Rio Nuevo Board unanimously approved an investment in one of the biggest projects in the history of the District. The Bautista, a $72.5M, mixed-use development near West Cushing Street and South Linda Avenue, will include 16.5KSF of retail space, 253 residential units and a restaurant. The central plaza of the development […]
Google Picks Mesa for Giant Data Center
By Jim Walsh for East Valley Tribune Technology giant Google is coming to Mesa, lured by a tax incentive agreement to build a massive data center in the emerging Elliot Road Technology Corridor. The Mesa City Council is primed to approve the Google development agreement at its meeting on Monday night. Mayor John Giles said […]
GPLET “Reform” Bill Passes, Awaits Signature
By Rebecca Spiess for Downtown Devil A bill amending the application of a controversial Arizona tax incentive has passed through the legislature and awaits Governor Doug Ducey’s signature. The measure, House Bill 2126, passed after it was heavily amended following a long negotiation process. The bill would change slum and blight definitions and specifications regarding […]
Zombies Rumbling Back to Life in DWTN PHX
By Roland Murphy for Arizona Builder’s Exchange Downtown Phoenix is about to be overrun with zombies, and the skyline will never be the same. Fortunately, these are the types of returns from the dead that developers and economic planners love to see. Two projects that languished at death’s doorstep for years have rumbled back to […]
Arizona State Pushes Back in Real Estate Fight
By Mike Sunnucks for Phoenix Business Journal For Morgan Olsen it circles back to the well-worn adage of ‘teach a man to fish.’ But the problem for Olsen – CFO at Arizona State University – is that some fiscal conservatives at the Arizona Legislature don’t want the school to fish for real estate deals and its own revenue streams […]
GPLETs Face Scrutiny, Changes at Legislature
By Mike Sunnucks for Phoenix Business Journal The Arizona Legislature is again looking at property tax breaks cities give to developers and businesses. That includes changing the rules that govern them and restricting them. Conservatives at the Legislature have been scrutinizing and targeting tax breaks called Government Property Lease Excise Taxes. Those involve cities leasing […]
Rio Nuevo Wants 150KSF Mixed-Use Developer
By Roland Murphy for Arizona Builder’s Exchange A new RFP hit the street last Friday from the Rio Nuevo Multipurpose Facilities District seeking a developer to create a new mixed-use project on 0.6 acres at Broadway Boulevard between Scott and 6th avenues in Tucson. The district is looking for a minimum of an eight-story development […]
Council OKs Tax Break for La Placita Project
By Joe Ferguson for Arizona Daily Star The Tucson City Council has signed off on a $4.2M property tax deal to help HSL Properties redevelop the La Placita property downtown. The council directed staff on Tuesday night to draw up a formal agreement with the local developer to be brought back for a final vote […]