Monthly Archives: May 2017

By Gary Nelson for East Valley Tribune The East Valley’s growing network of trains and trolleys could grow even more thanks to recent action by the Mesa City Council. During this spring’s round of budget discussions, the council agreed to spend $1.2M to study two possible transit projects: Extending the Tempe streetcar line into the […]

By Rebekah L. Sanders for The Arizona Republic Great Hearts Academies, a charter-school network with roughly two dozen sites in Arizona and Texas, plans to open a new campus in Maryvale in 2018. The school, which will be located near 47th Avenue and Camelback Road, will grow to serve children in grades 3-12 who graduate from Maryvale Preparatory Academy, […]

By Roland Murphy for Arizona Builder’s Exchange Phoenix Mayor Greg Stanton let the news slip at the Bisnow Phoenix New Construction and Development event earlier this month (AZBEX, May 19) and last week the City and other sources jumped on the official announcement: Phoenix is both the 5th largest and the fastest growing city in […]

Sales Transactions 1. CBRE Group, Inc., has arranged the sale of Andante, a 576-unit, Class A multifamily community located at 15801 S. 48th Street in Phoenix’s Ahwatukee submarket. The community sold for $85.25M. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Waterton. The buyer was Security Properties. 2. Canadian […]

Source: Arizona Department of Transportation The Arizona Department of Transportation and the Federal Highway Administration have begun a three-year environmental study of potential routes for the proposed Sonoran Corridor, which would connect Interstate 19 to Interstate 10 south of Tucson International Airport. It begins with a comment period lasting through July 15, 2017, that encourages […]

Source: American Institute of Architects After beginning the year with a marginal decline, the Architecture Billings Index has posted three consecutive months of growth in design revenue 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. The […]

By Tasha Anderson and Roland Murphy for Arizona Builder’s Exchange Maricopa Integrated Health System Project Executive Steve Blaylock wasted no time sharing future plans for the group’s Integrated Program Management Office Design and Construction program on Thursday, May 18. He spoke at the Market Intelligence: What’s Happening with MIHS, Valley Metro, and Town of Gilbert […]

Giving Back 1. Shea Homes will donate $11M in renovation and construction projects to Phoenix area Catholic schools. The company has completed $20M in project work in the past three years. The donation program began in California, where the company is based, and expanded to Phoenix four years ago. Groundbreaking 2. Davis Enterprises has broken ground on […]

Awards & Accolades 1. For the second year in a row, AECOM Hunt has earned the top spot on the Phoenix Business Journal’s list of Commercial Building Contractors. The company had Arizona billings of $324M in 2016. In second place was DPR Construction ($313M). McCarthy Building Companies ($276.5M) took third. 2. The Arizona Department of […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate held steady in April at 5.0, according to a recent report published by the Arizona Office of Economic Opportunity. The national rate improved to 4.4 percent, down from 4.5 in March. The state had a net gain of 10,100 non-farm jobs over the […]