Monthly Archives: June 2017

By Roland Murphy for Arizona Builder’s Exchange The sniping between a political action committee calling itself Maricopa Citizens Protecting Taxpayers and Maricopa city officials over plans to build the APEX Motor Club turned into a full-on legal war over the past two weeks. After city officials declined to forward a ballot proposition by the group […]

Awards & Accolades 1. The $100M Mountain Shadows resort in Paradise Valley, has been awarded with the esteemed AAA Four Diamond Rating this week. Luxury fashion and lifestyle magazine, Vogue, also named the resort to its list of “Best New Hotel Pools in America.” These accolades come only months following the resort’s opening on April 1. […]

AZBEX Baby News 1. AZBEX is thrilled to announce that our very own Kristen Amado and her husband Jaasiel have given birth to their first child, Luca Carmen Amado. Luca was born June 21, 2017 at 9:33am at 6lb 12oz of pure muscle and 19.5in long. We wish them many years of great health, love, happiness, […]

By Brenna Goth for The Arizona Republic Plans to massively expand Arizona State University’s footprint on the downtown Phoenix Biomedical Campus with the help of a billionaire doctor are off, university officials confirmed Wednesday. ASU no longer is negotiating the development of about seven acres of city land with NantWorks, the company led by Dr. Patrick Soon-Shiong, a […]

By Roland Murphy for Arizona Builder’s Exchange For years Downtown Phoenix and anything near the light rail line have gotten the lion’s share of coverage when it comes to growth and development. As, probably, it should have. While generating something like $9B of new development since the start of light rail certainly warrants extensive attention, […]

By Roland Murphy for Arizona Builder’s Exchange CITY HOPES DEVELOPMENT WILL KICKSTART ARIZONA BIOMEDICAL CORRIDOR After years of planning, development and networking, the next major step in the creation of Arizona State University’s $75M Health Solutions Innovation Center will take place this week. On Wednesday, June 28, Phoenix City Council will consider a staff recommendation […]

Sales Transactions 1. BH Equities LLC and Investcorp  have bought the 432-unit Arcadia Cove apartments at 44th and Oak streets in Phoenix. The joint venture paid $71.5M for the 18-acre property, which used to be the site of Gerard High School. The seller was BAZV Arcadia Cove LLC. The sale was brokered through Cindy Cooke and Brad Cooke of Colliers International in Phoenix. 2. D.R. Horton Inc. paid […]

With a mixture of sadness and pride, AZBEX bids farewell to Director of Sales David Turner, who is leaving to accept his “dream job” with the NFL’s Carolina Panthers in their scouting program. He has been hired as BLESTO Scout. Prior to joining AZBEX David worked for the Oakland Raiders, AFL’s Hartford Colonials and Arena […]

Source: Sedona Vista Village Sedona Vista Village hopes to transform the faltering 90KSF Sedona Village Factory Outlets with a renovation and by adding the town’s first Westin hotel to anchor the newly purchased 9-acre development located on SR 79 in the Village of Oak Creek, known as the gateway to Sedona. The new owners of […]

Source: Nogales International UniSource Energy Service wants to connect its electric grid in southern Arizona with the grid in northwest Mexico by constructing new power lines and an additional substation in Nogales. The project includes upgrading a 27.5-mile segment of UES’ existing 138kV transmission line that serves Santa Cruz County, and building a new substation […]