Monthly Archives: January 2017

Source: Promenade Scottsdale The Promenade, located at Scottsdale Road and Frank Lloyd Wright Boulevard is set to undergo a two-phase façade redesign and redevelopment starting this month. Phase one includes the construction of a three-building pad on the southwest corner of the property. The new pads will bring a mixture of restaurants and retail stores. […]

Source: Arizona Department of Transportation To reduce traffic backups from crashes, congestion and other incidents along Interstate 17 north of Phoenix, the Arizona Department of Transportation is evaluating options that include the possibility of reversible lanes on the grade between Black Canyon City and Sunset Point. The reversible-lane is among alternatives being considered to move […]

By Roland Murphy for Arizona Builder’s Exchange A 2.4-acre site near Mesa’s Main Street and Dobson Road, which has sat vacant since 2006, has been proposed for a three-story, 60-unit affordable senior living complex. Owner/Developer YES Housing, Inc., a Non-Profit Community Development Corporation headquartered in Albuquerque, is leading the effort, and the project will seek […]

Sales Transactions 1. Cushman & Wakefield has announced Park West, located at the northwest corner of Loop 101 and Northern Avenue in Peoria, sold for $34.45M to CIRE Investments, LLC. Greg Valladao, Brad Douglass, Chris Hollenbeck and Sean Lieb of Cushman & Wakefield represented the seller, Park West, LLC in partnership with The Howard Hughes Corporation […]

By Roland Murphy for Arizona Builder’s Exchange Irgens – Phoenix has acquired 4 acres in Gilbert it will use to develop its $17M Spectrum Medical Commons project. The medical campus near Val Vista Drive and the 202 Santan Freeway is located immediately adjacent to Dignity Health Mercy Gilbert Medical Center. The planned building is 65 […]

By Roland Murphy for Arizona Builder’s Exchange Meritage Homes Corporation announced earlier this week it has new plans to jointly develop a 30-acre site in Scottsdale with iStar Inc. Known as Artesia, the master-planned, mixed-use project sits immediately adjacent to the NWC of Scottsdale and Indian Bend roads. The mixed-use development will include more than […]

By Rebekah Morris for Arizona Builder’s Exchange Thursday afternoon, the City of Phoenix issued a CMAR RFP for Sky Train Phase II. The project has a programmed amount of $700M, which includes all design, construction, furnishings, etc. The development will add approximately 2 miles of new guideway and fixed facilities, extending the service from Terminal […]

Arizona Projects 01-27-17 Giving Back 1. A campaign to build a shelter for domestic violence victims in south Yuma County can take a large step forward. A portion of proceeds from sales of newly built homes will go toward construction of the shelter that the South Yuma County Coalition against Domestic Violence plans to open. First […]

Awards & Accolades 1. Robson Resort Communities has been named the 2017 National Association of Home Builders (NAHB) Best 55+ Builder of the Year. 2. Taylor Morrison Home Corporation has been recognized as America’s Most Trusted Home Builder by Lifestory Research. Promotions 3. NAI Horizon has named Rick Foss Senior Vice President. 4. DLR Group has promoted Peter Rutti, Craig Radcock, Sean […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate dipped 0.2 percent in December to 4.8, according to a recent report published by the Arizona Department of Administration Office of Employment and Population Statistics. The national rate rose to 4.7 percent, up from 4.6 in November. The state had a net gain […]