Monthly Archives: June 2018

Source: Colliers International A local partnership known as DBM Ventures has purchased 2.79 acres within Perimeter Center with plans to develop an $9M office building in the upcoming year. DBM Ventures, a partnership comprised of David E. Sellers and two other prominent commercial real estate development leaders, purchased the acreage at 8399 E. Hartford Dr. […]

By Tasha Anderson for Arizona Builder’s Exchange At their June 20 meeting, the City of Chandler Planning and Zoning Commission approved preliminary plans for a new parking garage as part of a $194.8M expansion of the Dignity Health Chandler Regional Medical Center. The whole expansion is expected to sit on a 35-acre site at Dobson […]

Awards & Accolades 1. Taylor Morrison Chairman and CEO Sheryl Palmer has been named a Top CEO in 2018 in the Glassdoor Employees’ Choice Awards, chosen by users of the site, Glassdoor.com. Palmer got an approval rating of 96%, which landed her the 19th position among all CEOs of large companies (1,000+ employees) in the U.S. Boards & Commissions 2. […]

Groundbreakings 1. Scottsdale’s SkySong is building its fifth office building — the third new office building in the complex in three years and the tallest yet. A ground-breaking ceremony on the more than $43M building and accompanying parking structure is slated for early July. 2. Salt River Devco has started construction on a $15M, 77KSF Marriott Residence Inn […]

By Darrell Jackson for The Glendale Star As housing rental rates continue to climb, the Glendale Planning Commission approved plans for a proposed new 240-unit apartment complex near Camelback Road and the Loop 101. The commission unanimously approved the plan during the June 7 meeting and the plan will now be forwarded to council for […]

By Zahra Ahmad for The Arizona Republic A high-profile, but complicated, swath of land along a stretch of freeway in Scottsdale may soon transform from open desert to tall buildings. Nationwide Mutual Insurance Company aims to acquire 136 acres of the land for its regional headquarters and other development that would support some 5,500 jobs. The […]

Sales Transactions 1. Salt Lake City-based TM Equities Inc. paid $42M for the Sonoma Ridge Apartments, a 240-unit garden-style multifamily community at 8201 W. Beardsley Rd, Peoria, through a 1031 exchange. Tyler Anderson, Sean Cunningham, Asher Gunterand Matt Pesch with CBRE Phoenix represented the seller, San Diego-Based Sunroad. 2. NexMetro Communities has sold its first asset, the 125-unit Avilla Palm […]

By Jim Walsh for East Valley Tribune Mesa is hoping taxpayers kick the Mesa Plays sports complex across the goal line after a shift in financing placed the tax burden on out-of-town patrons for the much awaited, much debated $55M facility. City officials last week acknowledged they are taking a risk that financial forecasts are […]

By Tasha Anderson for Arizona Builder’s Exchange The City of Phoenix is in the process of implementing some new changes to their construction procurement request for qualifications scoring process, in order to “provide the best transparency possible to the public and the industry.” One of the biggest changes, as presented by Kandi Kawolsky, design and […]

Awards & Accolades 1. Phoenix Business Journal has published its 2018 list of Top Architecture Firms, ranked by number of local, registered architects. With 39 local architects, SmithGroupJJR took the top spot. The full list is available here. 2. DFDG Architecture has announced that one of their employees, Chris Ford, has recently completed certification and […]