Monthly Archives: June 2016

By Ray Stern for Phoenix New Times The Arizona Board of Regents has approved an Arizona State University plan to lease land for a 20-story, senior-housing project on a high-profile site in downtown Tempe. “Mirabella” is the latest plan for another mini-skyscraper in the college town east of Phoenix, which has seen a construction boom […]

By Gabriela Rico Arizona Daily Star Activity in Tucson’s Commercial Real Estate market was a mixed bag in the first half of the year, with some sectors performing better than expected and others struggling. Overall, commercial brokers are expressing optimism that the local economy is stabilizing as Tucson gets attention from investors looking for opportunities […]

By Cindy Barks for The Daily Courier In four consecutive unanimous votes, the Prescott City Council approved a residential project this week that will bring 215 home lots to northeast Prescott. Walden Ranch, a project encompassing 227 acres east of the Phippen Museum and south of Highway 89A, got approval on Tuesday, June 21, for […]

Sales Transactions 1. Desert Troon Companies completed the $122M sale of its original 640KSF Class-A commercial office portfolio within the Perimeter Center business park in North Scottsdale. Tom Knoell, Jr. of Desert Troon Companies represented the seller, Desert Troon Companies. The buyers were Wentworth Property Company, LLC and Northwood Investors. 2. Cushman & Wakefield announced […]

By Kevin Reagan for Casa Grande Dispatch After much delay, PhoenixMart has been granted a building permit to construct the shell of the project’s main building. The City of Casa Grande issued the permit June 20 after repeatedly reviewing design plans for the main building that will sit at the center of the project’s 585-acre […]

Source: The American Institute of Architects After beginning the year with a decline, the Architecture Billings Index (ABI) has posted three consecutive months of increasing demand for design activity at architecture firms. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve-month lead time between architecture billings and construction spending. […]

By Peter Madrid for Arizona Builder’s Exchange The City of Goodyear Planning and Zoning Commission is considering a request for a Special Use Permit (SUP) to allow St. John Vianney Catholic School to expand its campus with the addition of a multi-purpose building that includes new classrooms and a gymnasium. The SUP will allow the […]

By Peter Madrid for Arizona Builder’s Exchange A developer is requesting the rezoning of a vacant lot at 5253 S. Saranac St. in Mesa to make way for a 60KSF, three-story office building. Granite Field Investments, LLC is seeking a rezoning from LI and LC to LI-AF-BIZ. The proposed project will be known as Saranac […]

By Matthew Roy for Arizona Builder’s Exchange The Scottsdale City Council at its June 21 meeting considered a developer’s request to build a 7.68-acre project along the Arizona Canal north and east of the NEC of the intersection of Camelback and Scottsdale roads. Scottsdale Canal Holdings, LLC seeks to create one of two options for […]

Awards & Accolades 1. Phoenix Business Journal published its list of the Valley’s top architecture firms based on the total number of registered architects employed. The top five include: #4 (tied) Gensler (17); #4 – Corgan (17); #3 Devenney Group Ltd, Architects (18); #2 Orcutt Winslow (20); #1 SmithGroupJJR (33). Boards & Commissions 2. The […]