Monthly Archives: November 2016

By Carmen Duarte for The Arizona Daily Star Construction of a $22M, 54KSF Marana Police Department station, complete with an indoor shooting range, is set to start next summer. The state-of-the-art facility will be built on the existing Marana Municipal Complex at 11555 W. Civic Center Drive, said Jennifer Christelman, the town’s Deputy Director of […]

By Roland Murphy for Arizona Builder’s Exchange Earnhardt Auto Centers will soon add another dealership to its family of businesses with the creation of the 13KSF Earnhardt Maserati development in the Santan Motorplex in Gilbert. Located on approximately eight acres near Motorplex Loop and Drivers Way, the single-phase construction will include the vehicle display and […]

Sales Transactions 1. Scottsdale-based Everest Holdings has purchased the 512-unit multifamily community Biscayne Bay from an entity of Seattle’s PrivatePortfolio Group for $71.5M from. The seller was represented by Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office. The property is located at 300 E. Warner Road, Chandler. 2. DiNapoli Capital Partners […]

By Roland Murphy for Arizona Builder’s Exchange Architecture firms in October saw a slight improvement over their September billings, according to the American Institute of Architects’ Architecture Billings Index. October’s number was 50.8 versus 48.4 for September. Design contracts, however, fell slightly for only the second time in 2016, down to 48.7 from 51.4. The […]

By Angela Gonzales for Phoenix Business Journal Arizona State University plans to build a $72M residential housing project for its Greek organizations in Tempe. University officials have requested approval from the Arizona Board of Regents to enter into agreements to ground lease about 5 acres on the SWC of Rural and Terrace roads to American Campus Communities Inc. […]

By Murphy Woodhouse for Arizona Daily Star After months of private negotiations, the details of Pima County’s deal with agribusiness giant Monsanto are now public. According to the terms, which are set to go before the Board of Supervisors for approval this week, Pima County will lend its support to the company’s application to the […]

Sales Transactions 1. Olympus Property has purchased the 194-unit Vive in Chandler apartment community for $41.5M. The Class A community is located at 1901 W. Germann Road in the South Price Corridor submarket. Vive was completed in 2014. 2. An affiliate of Cohen Asset Management purchased a 452KSF industrial facility in West Phoenix in a double […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate dropped another three-tenths of a point in October to 5.2 percent, according to the latest report published by the Arizona Department of Administration Office of Employment and Population Statistics. The national rate also decreased slightly from 5.0 to 4.9. The state had a […]

By Roland Murphy for Arizona Builder’s Exchange Raytheon announced last week it plans to expand its Southern Arizona operations and add nearly 2,000 jobs at the Missile Systems business headquarters over a five-year period. The company plans to hire workers at all skill levels with an emphasis on engineering and other higher-wage, technical positions. Overall, […]

By Denise Resnik for hardison/downey hardison/downey will soon break ground on First Place-Phoenix, a major project set in the heart of the urban region. First Place AZ is an independent nonprofit and sister organization to the Southwest Autism Research & Resource Center (SARRC), backed by 16 years of research, support from the Urban Land Institute […]