Monthly Archives: January 2018

By Anne Ryman for The Arizona Republic Arizona State University unveiled preliminary plans last week for a $160M renovation of Wells Fargo Arena with an adjacent indoor sports complex to house men’s hockey, wrestling and gymnastics. The plans were reviewed by the Arizona Board of Regents Business and Finance Committee, and members voted unanimously to send […]

By Roland Murphy for Arizona Builder’s Exchange Cushman & Wakefield last week issued their Q4 2017 Metro Phoenix MarketBeat reports for Industrial, Office and Retail, noting high degrees of activity across all three sectors. Industrial Industrial posted an overall vacancy rate of 7.9 percent for the quarter. Twelve of the 17 submarkets showed positive absorption […]

By Roland Murphy for Arizona Builder’s Exchange Four commercial real estate and development leaders gave their predictions for what lies ahead in 2018 at Valley Partnership’s Friday Morning Breakfast program, Jan. 26. Following a brief address by Republican U.S. Senate candidate, and current congressional representative, Martha McSally, moderator Mark Detmer, managing director of JLL, introduced […]

Miscellaneous 1. The Fidelity National Title Agency | Camelback Lakes team announced it closed on Pima County Industrial Development Authority Education Facility Revenue Series 2017 Bonds for American Leadership Academy, Inc., in the aggregate amount of $192.2M. The Fidelity National Title Camelback Lakes office team comprises Diane Carpenter, Kristina Gooding, and Leo Sanchez. Sales Transactions […]

Source: Trammell Crow Company Trammell Crow Company and an institutional investor have partnered to acquire a 22.2-acre site at the SWC of 99th Avenue and Van Buren Street for the development of the Tolleson Logistics Center, a new 329KSF Class A industrial building. Construction on the new facility is scheduled to begin sometime this quarter. […]

By AZBEX Staff for Arizona Builder’s Exchange The Rio Nuevo Board voted this week to enter negotiations on a final development agreement for what could be one of downtown Tucson’s tallest buildings. According to Rio Nuevo’s announcement, Todd Freed, VP of construction for JE Dunn Construction, told the board the potentially 300-foot-tall building his proposes […]

By Roland Murphy for Arizona Builder’s Exchange Tempe’s next skyscraping mixed-use is a step closer to reality following the Development Review Commission’s approval of a submittal for The Hayden – a 22-story hotel, condo and restaurant project proposed for the NWC of 6th Street and College Avenue. The 0.4-acre site is currently occupied by one- […]

Awards & Accolades 1. Business Insider has recently named Tempe City Hall, or Tempe Municipal Building, as the ugliest building in the Arizona. Along with the city hall were a few “dishonorable mentions”, showcasing the Century Link Tower and BMO Tower in Phoenix. Groundbreakings 2. Great Wolf Lodge broke ground last week to mark the start of construction on its […]

Awards & Accolades 1. Cooper Fratt of CBRE has been named 2018 Chairman for the NAIOP Arizona Developing Leaders. 2. For the eighth year, CBRE is No. 1 on the Phoenix Business Journal’s Commercial Real Estate Appraisers list. The company had 1,520 appraisal jobs last year. Boards & Commissions 3. Achieve60AZ selected Rachel Yanof as its first executive director. Achieve60AZ […]

By Connor Dziawura for West Valley View The Gates at Goodyear Ballpark is coming soon. The new high-rise condominiums are set for a spot adjacent to Goodyear Ballpark. The idea has been forming for the past two years, according to Andra Fair, CEO of Fair Development. The idea, he said, was given to him by […]