Monthly Archives: February 2017

Source: American Institute of Architects Firms concerned about rising healthcare, technology costs Architecture firms reported that their billings were essentially flat to start off 2017. The ABI score of 49.5 for January indicates a very modest decline in firm billings, and is the first monthly decline since September. With lingering uncertainties about the new federal […]

By Roland Murphy for Arizona Builder’s Exchange High-tech manufacturer FUJIFILM Electronic Materials USA Inc. hopes to continue the success it has enjoyed in Mesa by spending up to $34M in capital projects to expand facilities, including a 20-acre site immediately west of its current location. To make current development and planned future projects more simple […]

By Roland Murphy for Arizona Builder’s Exchange Major Infrastructure Support Will be Needed It appears The Block Sports Company, the developer behind the planned $4B Dreamport Villages theme park and destination resort in Casa Grande may have been caught by surprise by the attention the story received when it broke last week and is looking […]

By Elliot Spagat for Associated Press U.S. Customs and Border Protection announced it plans to start awarding contracts by mid-April for President Donald Trump’s proposed border wall with Mexico, signaling that he is aggressively pursuing plans to erect “a great wall” along the 2,000-mile border. The agency said it will request bids on or around […]

Sales Transactions 1. Cushman & Wakefield have announced that Houston-based Riva Ridge Development purchased CBIZ Plaza, located at 3101 and 3111 N. Central Avenue in Phoenix, from LNR Property Corporation for $26M (including auction fees). Cushman & Wakefield’s Eric Wichterman and Mike Coover negotiated the sale. The 266KSF Class B office property was 78 percent occupied at […]

Source: Rockefeller Group Rockefeller Group and Investment Property Associates, LLC  will develop two new “Liv”-branded Class A apartment communities in the metro-Phoenix area. The projects, located in the Deer Valley submarket of Phoenix and in Goodyear, will total 711 units. The planned developments follow in the footsteps of Liv Northgate in nearby Gilbert, a 402-unit […]

By Roland Murphy for Arizona Builder’s Exchange Aircraft parts distributor Turbo Resources has plans to build a new 253KSF warehouse and company headquarters on 18 acres at the NEC of Arizona Avenue and Palomino Drive in Chandler. The plan includes nearly 45KSF of office space with a mezzanine level. According to plans filed with the […]

By Roland Murphy for Arizona Builder’s Exchange Developer The Block Sports Company has filed plans with the City of Casa Grande to create a destination resort comparable to Walt Disney World, and it intends to invest between seven and 10 years and $4B to make it happen. According the Planned Area Development prepared by Gilmore […]

Groundbreaking 1. Work has begun on the Arizona Department of Transportation’s project to shift the I-10 alignment at Ina Road in Marana. 2. Sea Life Aquarium at Arizona Mills has begun construction of its $1M Colorado River Adventure children’s attraction. Opening is planned for late spring. Progress Reports 3. San Tan Pavilions, has announced six incoming tenants, […]

Awards & Accolades 1. Mark Kranz, design director for SmithGroupJJR, has been elevated to the American Institute of Architects College of Fellows. 2. With $78.6M in sales Bel-Aire Mechanical has earned the top spot on Phoenix Business Journal’s Mechanical Contractors list. Comfort Systems USA – Southwest was second ($68.2M), and TDIndustries, Inc. was third ($60M). 3. Humberto […]