Monthly Archives: November 2017

Source: Associated Builders and Contractors According to a report released by Associated Builders and Contractors, the private construction industry’s value added as a percentage of the nation’s real gross domestic product rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent […]

By Jessica Boehm for The Arizona Republic Almost everything about a deal to renovate the Phoenix Suns‘ taxpayer-funded downtown arena remains a mystery, but one thing has become increasing clear – it’s quickly losing the support it needs from the Phoenix City Council. Three of the city’s nine voting members have publicly stated their opposition to a […]

By Roland Murphy for Arizona Builder’s Exchange A quaint family outing relic is slated to become the latest North Scottsdale modern mixed-use development. JDM Partners LLC has filed a zoning request and development plan to recreate the space currently occupied by the CrackerJax Family Fun and Sports Park (16001 N. Scottsdale Road), into La Via […]

Sales Transactions 1. CBRE has completed the sale of Dobson Center, a mixed-use retail and medical office development on the SWC of Frye Road and Dobson Road in Chandler. Dobson Center encompasses ±41.5KSF and sold for $13.9M. Andrew K. Fosberg, Chris Ackel and Dylan A. Brown with CBRE’s Phoenix office represented the seller, Dobson Center, LLC, an entity formed […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate fell again in October to 4.5 percent, down from 4.7 percent in September, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate dropped to 4.1 percent, down from to 4.2 in September. The state had a […]

By Roland Murphy for Arizona Builder’s Exchange The first phase of the long-awaited Hayden Flour Mill Redevelopment project moved another step closer to fruition last month after gaining approvals for several components from Tempe’s Development Review Commission. In its Oct. 24 meeting, DRC approved Iconic Mill, LLC’s requests for Zoning Map Amendment, Amended Planned Area […]

Sales Transactions 1. Institutional Property Advisors, a division of Marcus & Millichap has announced the sale of Mountain Park, a 240-unit apartment complex in Phoenix’s Ahwatukee Foothills Village. The property sold for $40.4M. 2. Reliance Commercial Real Estate announced the closing of the two-building, 45.9KSF Kiowa Village. The property, 2235 S. Power Road in Mesa, sold for $7.85M. […]

By Roland Murphy for Arizona Builder’s Exchange After recently gaining final plat approval from the City of Chandler, San Antonio-based Embrey Development Company has purchased the 8.7-acre infill site near Chandler Fashion Center where it intends to create the 300-unit, Class A multifamily project Riata. Embrey purchased the parcel from Jewel Development Co., LP for […]

By Wayne Schutsky for East Valley Tribune While all eyes are on the high-profile SkyBridge development at Phoenix-Mesa Gateway Airport, Mesa’s smaller airpark is making headway on a business park project of its own. Mesa officials expect to put out an RFP by the end of November to officially kick off the search for a […]

Awards & Accolades 1. ENR Southwest has named its Regional Best Projects Award Winners. Groundbreaking 2. Construction has begun on the 20KSF Chandler Museum project, designed by Weddle Gilmore Architects. 3. Construction is underway on the $27M renovation projects at Scottsdale Airport, which include two 30KSF executive hangars, a business center and a multi-level parking garage. […]