Monthly Archives: March 2018

By Rofida Khairalla for Coolidge Examiner Saint Holdings, a Pinal County land holding corporation, has big plans for Coolidge. At Wednesday’s Chamber of Commerce luncheon, Matthew McCormick, VP of acquisitions for Saint Holdings LLC, presented on what the company hopes to bring to the expanding city. One future development would be on approximately 11,000 acres […]

By Roland Murphy for Arizona Builder’s Exchange When we broke the news last week that Project Wildcat, the hush-hush 2.3MSF project in initial planning for the Century Research Park/Port of Tucson was, in fact, for an Amazon fulfillment and distribution center, we knew a lot of other reporters were going to jump on the story […]

Awards & Accolades 1. Phoenix Business Journal has published its list of Top Valley Construction Projects Started in 2017. Taking the Number 1 spot is the Maricopa County Intake Transfer and Release Facility, with a total budget of $185M. Groundbreakings 2. The $10.5M, 122.5KSF Westech Business Center broke ground this week, marking the latest speculative […]

By AZBEX Staff for Arizona Builder’s Exchange As part of its Capital Campaign to raise funds for facility upgrades and a new sports center, The University of Arizona this weekend released details and images for five planned projects: Arizona Stadium Renovations and Upgrades McKale Center Hillenbrand Aquatic Center Hillenbrand Stadium Indoor Sports Center The total […]

By Orbital ATK and AZBEX Staff for Arizona Builder’s Exchange Arizona Governor Doug Ducey, Chandler Mayor Jay Tibshraeny and Orbital ATK announced the expansion of the company’s launch vehicles operations onto a new campus in Chandler. Chandler City Council approved a resolution and rezoning to support the development of the new Orbital ATK campus at […]

By Roland Murphy for Arizona Builder’s Exchange Kaplan Management Company earned approval last week from the Chandler Planning & Zoning Commission for its plan to build a 4-story, 320-unit multifamily project at the NWC of Frye Road and 95th Street, east of Dobson Road. The company was seeking rezoning from Single Family Residential to Planned […]

Sales Transactions 1. CBRE negotiated the $54M sale of Tuscany Ridge, a 336-unit Class A multifamily community, in Peoria. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE Multifamily Institutional Properties in Phoenix represented the seller, a New York City-based pension fund advisor. The buyer is a JV partnership between Gerry Ranglas/RV Management, […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate increased to 4.9 percent in February, up from 4.8 percent in January, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate remained steady at 4.1 percent. Twelve months ago, the state had a seasonally adjusted rate […]

By Roland Murphy for Arizona Builder’s Exchange Lennar Multifamily Communities is advancing a Planned Unit Development proposal to redevelop two commercial buildings in north Phoenix into a 299-unit luxury multifamily project: LMC Kierland. According to materials submitted to the Phoenix Planning & Development Department, the plan will replace the two aging suburban-style office structures on […]

Groundbreakings 1. The Milwaukee Brewers along with City of Phoenix and community partners broke ground on the renovation project for Maryvale Baseball Park in Phoenix. The Brewers will invest $56-$60M in the construction phase of the program. Phoenix will allocate $2M each year for the next five years for renovations, and the Arizona Sports and Tourism Authority […]