Monthly Archives: November 2018

By Roland Murphy for Arizona Builder’s Exchange Arizona’s strength as a leading construction industry market got another boost this week, as it landed in third place among the 50 states and the District of Columbia on the 2018 Merit Shop Scorecard issued by Associated Builders and Contractors. The scorecard is, “an annual state ranking based on […]

By Adrienne St. Clair for Arizona Builder’s Exchange The City of Tucson approved a development plan submitted earlier this year by SMDSK Encanto LLC for a mixed-use project that will be built at the SEC of Camino Miramonte and Speedway Boulevard. The Miramonte Mixed-Use project will end up being nearly 84KSF of residential, office, retail […]

Source: NAIOP Arizona Chapter The Arizona Chapter of NAIOP elected officers and board members for 2019 at its November 6 board meeting. The 2019 Executive Committee is Molly Carson, Chairman, Ryan Companies US; Jim Wentworth Jr., Vice Chairman, Wentworth Property Company, LLC; Cathy Thuringer, Treasurer, The Trammell Crow Company; Rusty Kennedy, Programs Chair, CBRE; Danny […]

Giving Back 1. For the fifth year in a row, Achen-Gardner sponsored and volunteered at the fall Sky Kids Fly Day Event for Special Kids held at Scottsdale Airport on November 3. This marks the twelfth local event for Sky Kids and for Achen-Gardner. 2. Achen-Gardner employees delivered turkeys to the United Food Bank and City […]

Giving Back 1. The Dorrance Family Foundation of Scottsdale has issued a $300K matching funds grant to Rancho Feliz for the construction of its new “La Hacienda Feliz” volunteer dormitory in Agua Prieta, Sonora, on the U.S./Mexico border. Volunteers housed at the dorm will build homes, distribute food and care for children and seniors in the area’s slums, fostering cross-cultural service experiences. Groundbreakings 2. Spike […]

By Karisma Sandoval for Cronkite News The Arizona Department of Transportation is working with education and business leaders to change a dismal statistic — more than 90 percent of workers in the construction industry are men, according to the U.S. Department of Labor. ADOT is working with community college leaders and contractors to integrate more […]

Sales Transactions 1. MC Companies sold 319-units at Rock Ridge Apartments at 10333 N Oracle Road in Oro Valley to a private investment group for $39.5M. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office, in cooperation with Mike Sandahl in CBRE’s Tucson office, handled the transaction on behalf of the buyer and seller. 2. CBRE has arranged […]

By Adrienne St. Clair for Arizona Builder’s Exchange Todd & Associates, Inc. has submitted a request to the Town of Queen Creek on behalf of Rock Point Church to expand on the current Rock Point Church facilities at the NEC of Power Road and Ivy Lane. The project is the second phase of a six-phase […]

Sales Transactions 1. Institutional Property Advisors announced the sale of The Davenport, a 442-unit multifamily asset in Tempe, for $55.5M. IPA’s Steve Gebing and Cliff David represented the seller, an affiliate of Abacus Capital Group and procured the buyer, Tides Equities. 2. Cushman & Wakefield announced Bow River Capital Partners purchased Grand Central Tower — a 20-story, […]