All posts in "Commercial"

Kitchell Tops Off UA Health Sciences Building

 

Via azbigmedia.com

The commemorative last steel beam was put into place recently at the University of Arizona Health Sciences Innovation Building project in Tucson, a world-class center designed to be the vanguard for inter-professional health professions education in the United States.

“We have experienced a tremendous evolution in the types of facilities we are building to accommodate today’s complex healthcare climate,” said Kitchell Contractors President Steve Whitworth. “Working on this facility extends our experience on hospitals and community health clinics to higher education, and we couldn’t be more pleased about contributing to the changing landscape on the University of Arizona campus.” Kitchell is the project’s general contractor.

The $165 million facility broke ground last year. Designed by Los Angeles-based CO Architects with Tucson-based Swaim Architects, the 10-story, 220,000-square-foot building is located on the west side of the Arizona Health Sciences Campus, north of the Bio5 building off East Helen Street and North Cherry Avenue. The project is envisioned to foster collaboration among multidisciplinary teams of students and faculty in all four colleges: medicine, nursing, pharmacy and public health. Classrooms can accommodate as many as 150 people in a flexible “flipped classroom” format, which prioritizes group work over lectures. The building also includes a special events space that allows for more than 1,000 people.

 

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Downtown Phoenix’s Roosevelt Row Continues To Attract Developers, Businesses

 

Via azcentral.com

Boarded-up buildings and weed-filled vacant lots were the norm in metro Phoenix’s oldest historic neighborhood not too long ago.

Now, the 100-plus-year-old Roosevelt District in downtown Phoenix has evolved before our eyes into Roosevelt Row, one of the most popular neighborhoods in not only metro Phoenix but the U.S.

The bustling Central Avenue and Roosevelt Street hub of Roosevelt Row was recently voted the sixth most popular metro Phoenix intersection by Urban Land Institute Arizona. The area didn’t even make the list 10 years ago.

 

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Markham Contracting Celebrates 40 Years Of Impact

 

Via azbigmedia.com

Markham Contracting Co., Inc., founded in the Phoenix garage of President Mike Markham Sr., in 1977, is celebrating 40 years of helping shape the Southwest landscape.

Projects include the original Hughes Helicopter manufacturing plant, now Mesa Boeing; Phoenix International Raceway; the Omni Montelucia Resort; the Chicago Cubs’ spring training facility; the Wickenburg bypass; Grand Avenue; and Victory at Verrado, to name a few.

As a family-owned grading, paving, wet utility, concrete and general engineering contracting firm, Markham Contracting has left an indelible mark on more than 4,000 municipal, commercial, residential, industrial, and utility developments in Arizona.
 

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Michael Pollack Builds a Legacy Of Giving Back

 

Via azbigmedia.com

A desire to build and instill pride back into run down communities has been a catalyst for many of Michael A. Pollack’s real estate ventures throughout his 44-plus year career.

He is the founder and president of Michael A. Pollack Real Estate Investments, one of the largest independently owned and operated real estate companies in Arizona, specializing in refurbishing commercial and industrial properties in the Phoenix market for more than 25 years now.

Pollack’s goal is to make Arizona’s neighborhoods better one project at a time; always leaving things better than the way he found it.

 

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Pima County Breaks Ground On Seniors And Veterans Housing Projects

 

Via azbusinessdaily.com

The Pima County Housing Center has recently broken ground on a $2.85 million project for a pair of senior and veterans housing projects.

District 5 Pima County Supervisor Richard Elias, Tucson Mayor Jonathan Rothchild, and other local and state officials recently broke ground on the project, which will include 20 apartments to accommodate low-income seniors who live with a caregiver or family member.

The complexes, which will be built adjacent to the TMM Family Services main campus on North Country Club Road, was funded by $545,000 in voter-approved bond funding and $708,000 in HOME funds federal grant money.

 

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Bill Gates’ Smart City In Arizona Is Not Smart, Not A City, And Has Little to Do With Bill Gates

 

Via slate.com

Here are some things you should know about the smart city Bill Gates is building in Phoenix.

It’s not a city, nor is it “smart,” nor does the Microsoft founder appear to be involved in any meaningful way. And when outlets like CNBC say it’s in Phoenix, well … the plot of land in question is some 40 miles west of Phoenix, on the western edge of the metropolis’s westernmost suburb.

Still, it appears to be true that Cascade Investment LLC, the firm that manages an uncertain number of billions of Gates’ money, used a subsidiary LLC called Mt. Lemmon Holdings to invest $80 million in a greenfield development project here—if the term can be applied to the very-not-green Arizona desert.

 

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Tucson Apartment Still Hot

 

Via tucson.com

Tucson’s multifamily market is maintaining its hot streak as investors continue to snap up properties — a trend that began last year.

Villa Delano Apartments, a 32-unit complex at 123 W. Delano St., has been bought by private Arizona investors for $1.85 million.

“The entire downtown/university submarket has witnessed sustained private and public investment over the last several years,” Parsons said. “The buyer hopes to capitalize on this growing trend.”

 

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Bill Gates Just Bought Buys $80 Million Piece Of Land In Arizona

 

Via tech.co

In recent months, tech companies like Facebook and Google have purchased huge chunks of land in Menlo Park and Toronto, respectively. The goal of these purchases has been fairly straightforward: they want to build smart cities for employees and citizens alike. Well, it might be time to throw another tech giant’s name in the mix, as Bill Gates has announced his $80 million purchase of land in Arizona, as reported by Business Real Estate Weekly Arizona.

The area, dubbed Belmont, is nearly 20,000 acres nestled in the far West Valley of Arizona zoned for up to 80,000 residential homes and nearly 4,000 acres of office, industrial, and commercial property. And while Microsoft hasn’t come out and publicized any plans for a smart city, the proof is in the pudding.

“Belmont would create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high speed networks, data centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs,” read a statement from the property owners.

 

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AZ Community Goes 80% Off-Grid

 

Via utilitydive.com

The Jasper community will not be wholly-independent of the Arizona Public Service grid, but developers told PV Magazine that it will supply up to 80% of its own energy and will use otherwise-wasted baseload generation from the Palo Verde nuclear plant when demand is low, from 2 a.m. to 5 a.m. each morning.

Sonnen Director of Business Development Olaf Lohr told the magazine that the development would be an overall benefit to APS’ grid, helping to address load curves. In addition to taking power from the nuclear plant, Jasper will soak up excess solar production during midday hours when demand is low.

Dave Everson, CEO and founder of Mandalay Homes, said in a statement that a “true renewable energy future is not possible for our society, or for any society, without the deployment of distributed energy storage resources that properly manage clean energy production, storage, grid usage and home energy demand.”

 

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Investors Continue To Snap Up Tucson Apartments

 

Via tucson.com

Investor interest in the Tucson area’s multifamily market continues on a hot streak.

A three-property, 812-unit apartment portfolio recently sold for more than $70 million, a sign that multifamily units continue to be attractive investments.

“Multifamily property fundamentals in Southern Arizona have rebounded triumphantly due to stabilization in the single-family housing market and positive strides in the job market,” says Hamid Panahi, first vice president investments with Marcus & Millichap.

 

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