Monthly Archives: July 2017

Awards & Accolades 1. Capping off a year-long push to reduce building energy use and carbon emissions, Lincoln Property Company has announced that it has earned ENERGY STAR Certification by the U.S. Environmental Protection Agency for a 2.8MSF Phoenix office management portfolio. 2. For the third consecutive year, Vistancia has been awarded a Top 20 ranking among […]

Giving Back 1. Recently ASU’s School of Sustainable Engineering brought together team members from Kitchell and other design and construction professionals and academic experts to share building and engineering skills with a group of middle school students from Gila River Indian Community. The event was part of the Gila River community’s STEAAAM (Science, Technology, Engineering, Art, […]

By Saundra Wilson for Phoenix Business Journal Six projects out of Arizona State University’s Ira A. Fulton Schools of Engineering won awards from the U.S. Department of Energy this month, receiving a total of about $4.3M. The awards, part of the Department of Engery’s SunShot Initiatives, were awarded to projects working to develop affordable, inventive solar power […]

By Angela Gonzales for Phoenix Business Journal MedProperties Holdings LLC, a Dallas-based health care real estate private equity firm, is teaming with Caddis, a national health care real estate firm also based in Dallas, to develop the Destiny Springs Behavioral Health Hospital in Surprise. The 67.6KSF build-to-suit hospital marks the seventh joint venture between the two […]

By Alex Carrick for ConstructConnect ConstructConnect announced that June construction starts, excluding residential activity, fell -13.7 percent versus May. The usual May-to-June change, due to seasonality, is +4.5 percent. June of this year versus a strong June of last year was -16.3 percent. Standalone June of this year versus June’s average level over the previous […]

Sales Transactions 1. ViaWest Group and Cushman & Wakefield announced the sale of West 101 Business Center, located at 1830-1850 N. 95th Ave., Phoenix. Humphreys Fund I, LLC purchased the property for $18.3M. Steve Lindley, Bob Buckley, Tracy Cartledge and Ben Geelan of Cushman & Wakefield represented the seller, ViaWest Group of Phoenix, in the transaction. 2. DeMuro Corporate Square, a 7-building business park […]

By Kyle Kepner for SoccerNation Much has been made of the contentious race to secure one of the next four expansion slots into Major League Soccer. Since the league’s January 31st application deadline, the fate of each of the 12 applicant cities have risen and fallen primarily on the bidding owners’ ability to deliver the […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate held in June at 5.1 percent, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased from 4.3 percent in May to 4.4 in June. The state had a net loss of 42,800 non-farm jobs over […]

By Roland Murphy for Arizona Builder’s Exchange The war to unseat Tesla as king of the lucrative (if still fledgling) luxury electric car market has taken more twists than Game of Thrones recently. The body count continued to rise earlier this month when Faraday Future announced it was scrapping its plan to build a $1B […]

Groundbreaking 1. National Self Storage broke ground recently on a new self storage facility in Dove Mountain, Arizona. 2. Opus is beginning the first phase of a next generation, master-planned, 95.6-acre industrial development in Goodyear. Located Goodyear Crossing Industrial Park, the property is adjacent to the Union Pacific rail line. The first project is a 540KSF cross-docked […]