Monthly Archives: February 2019

By Sammy Williams for AZBEX Developer Majestic Realty Co. of Phoenix is thinking big with a 10.7-acre site in Mesa designed to warehouse large vehicles. The Greenfield Industrial project is on the NEC of Greenfield Road and Virginia Street. The design, created by architect Commerce Construction Co. of City of Industry, CA, calls for two […]

By Tom Blodgett for Community Impact A 25-acre water sports complex will be built on three lakes at the Gilbert Regional Park under construction in South Gilbert. The $35M water park will be a public-private partnership between Gilbert and The Strand @ Gilbert, a locally-formed company. Town Council approved the agreement by a 6-1 vote […]

Sales Transactions 1. P.B. Bell Cos. has sold the 460-unit Laguna Village apartment complex in Chandler for $70.3M. 2. Cushman & Wakefield announced that a fund managed by Oaktree Capital Management, L.P. (“Oaktree”) purchased Rio West Business Park, a five-building, 297KSF office campus at 1621-2021 W. Rio Salado Parkway in Tempe, for $63.35M. Tracy Cartledge, Steve Lindley […]

By Tasha Anderson for AZBEX The City of Tucson’s Main Gate Overlay District Review Committee heard a proposal from Core Campus at their February 6 meeting, for the development of a new mixed-use student housing complex planned for the SWC of Speedway Boulevard and Park Avenue. The project, called Hub IV at Park & Speedway, […]

Promotions 1. Hill International announced Patrick McGarry, CCM, has been promoted to Vice President. McGarry will be responsible for overseeing all of Hill’s projects throughout Arizona, Utah and Nevada. 2. Nick Barber has been promoted to Associate at Lee & Associates. 3. Van Tuyl Companies, Inc. and the Van Tuyl Family Office has announced the promotion of Jennifer […]

Awards and Accolades 1. PHX Architecture has been shortlisted for the Residential £2.5M-£5M (Project By Value) Award in the International Design & Architecture Awards 2019, with their Paradise Valley Estate entry. Groundbreakings 2. 1784 Capital Holdings LLC has broken ground on its ±140KSF Scottsdale Promenade Self Storage project at 7550 E. Paradise Ln. The Class A, self-storage […]

By Sammy Williams for AZBEX Camden USA of Sherman Oaks, CA plans to nestle six four-story and one three-story apartment buildings on an 11.59-acre parcel situated between their existing Camden Hayden I and Camden Sotelo communities in Tempe. The 397-unit development, called Camden Hayden II and located on the SEC of North College Avenue and […]

Source: Stream Data Centers Stream Data Centers, an industry leader in providing premium data center solutions, announced that it has acquired a 418KSF facility on 157 acres of land in Goodyear, Arizona, where it will establish a data center campus for hyperscale and enterprise customers in the Greater Phoenix region. Initially, Stream will redevelop the existing facility, which […]

Sales Transactions 1. Northstar Commercial Partners sold a 418.7KSF distribution building at West Valley Logistics Center, 12000 N. 132nd Ave, Surprise, to Dalfen America Corp for $24.1M. Anthony Lydon, Bill Honsaker and Ryan Gilbert with Jones Lang LaSalle represented both the buyer and seller in the transaction. 2. Cushman & Wakefield completed the sale of North Hayden […]

By Tasha Anderson for Arizona Builder’s Exchange A proposed zoning map change for a new high-end condominium and commercial development is expected to be heard at the Bullhead City March 5th council meeting. DJL Enterprises, LLC is requesting a zoning map change from Public Land District to Residential Multiple-Family District and C2 General Commercial District, […]