Monthly Archives: April 2019

By Tasha Anderson for AZBEX Desert Ridge is quickly becoming a key development area with plans for continued growth over the next few years. A panel moderated by Christine Mackay, Community and Economic Development Director for City of Phoenix, and consisting of Rick Carpinelli, vice president of Acquisition Development for Crown Realty & Development; Rick […]

By Paulina Pineda for The Arizona Republic One of the last vacant, city-owned properties in downtown Chandler will be transformed into the city’s newest entertainment destination. On Thursday, the Chandler City Council unanimously approved a development agreement with LGE Design Build for a 37.5KSF mixed-use development on the NEC of Buffalo Street and Arizona Avenue. […]

Giving Back 1. Team Achen-Gardner won first place in the 2019 Engineers Without Borders Softball Tournament. The tournament raised more than $5.3K for Engineers Without Borders. These funds will go towards supporting the mission of the organization, which is to build a better world through engineering projects that empower communities to meet their basic human […]

Sales Transactions 1. BH Properties bought the Honeywell International research and development property at 19019 N 59th Ave, Glendale, for $26.5M from Lexington Realty Trust. Mindy Korth and Kirk Kuller of Colliers International brokered the sale. 2. Marcus & Millichap’s Douglas R. Fielding represented the seller in the $12M sale of The Pavilions at San […]

By Tasha Anderson for AZBEX Abbington Senior Living Corp. is planning to bring an 85-unit assisted living facility to the SEC of Mercy and Pecos Roads in Gilbert. A Conditional Use Permit for approximately 3.18 acres to allow a congregate living facility and a Site Plan for the facility was heard and recommended for approval […]

Awards & Accolades 1. The AZ Water Association unanimously selected Brad Sanders of Archer Western as this year’s Construction Professional of the Year. The award recognizes Sanders’ significant contributions to the water/wastewater industry, the AZ Water Association, Water Environment Federation (WEF) and the American Water Works Association (AWWA). 2. NAI Horizon’s success in 2018 was […]

Groundbreakings 1. Kitchell Development Company recently broke ground on the $9.5M Cave Creek Crossing, a 47KSF retail center at the SWC Carefree Highway & Cave Creek Rd that will include the construction and buildout of a 30KSF Sprouts Farmers Market and construction of two retail buildings. The 10 acres of site work will include three […]

By Tasha Anderson for AZBEX A Design Review Board Narrative was submitted to the City of Scottsdale for the development of Marvelle Arcadia, a new minimal residential healthcare facility at the NWC of east Thomas Road and north 61st Place. Berry Riddell LLC, on behalf of developer, Alliance Residential is requesting approval of a site […]

Source: Mortenson With construction already underway on a number of new projects, master developer Catellus Development Corporation (Catellus) announced it will bring a 259-room, dual-branded hotel to the Novus Innovation Corridor (Novus) in Tempe through a partnership with national developer and builder Mortenson. The eight-story hotel, located just north of the NEC of the intersection […]

Sales Transactions 1. Bridge Investment Group has purchased the Verona Park apartment community at 1666 S. Extension Rd. in Mesa for $43.75M. Cindy Cooke and Brad Cooke of Colliers International of Arizona represented the seller, Millburn Company, and Bridge Investment Group was self-represented. 2. Microsoft Corp. has paid $37M for another 147 acres of land […]