Economic Development Archives

McCarthy Selected as General Contractor for OdySea Aquarium

OdySea, WEB

McCarthy Building Companies was recently selected as general contractor for the OdySea Aquarium, a new Scottsdale-based attraction slated to break ground summer of 2014 and open in the fall of 2015 at Via De Ventura and the 101 in Scottsdale at the Salt River Pima-MaricopaIndian Community, adjacent to Butterfly Wonderland and the Odysea Mirror Maze.… Read More →

McCarthy Building Cos. Completes APS Hyder II Solar Facility

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McCarthy Building Companies recently completed the installation of a large-scale solar project called Hyder II for Arizona Public Service (APS), which owns and operates the plant. Located on 240 acres in eastern Yuma County, Hyder II uses more than 71,000 single-axis tracking photovoltaic panels to generate 14 megawatts (MW) of solar energy, enough to serve… Read More →

REIAC Forms Alliance with MRED Program at W. P. Carey School of Business

McCordHall, WEB
February 6, 2014 by in Associations | Business News

The Southwest Chapter of REIAC, an organization of real estate executives involved in developing, acquiring and/or financing real estate, has formed a partnership with Arizona State University’s Masters of Real Estate Development (MRED) program at the W. P. Carey School of Business. REIAC has provided $5,000 in scholarships for the 2013-14 academic year and recently… Read More →

Boiling Point: The Southeast Valley Heats Up 2013

GCU Campus, Eastmark

Arizona’s development is expected to have a hot few years ahead of it, but no place is more on fire right now than the East Valley. General Motors announced its move to Chandler last March, with the promise of 1,000 tech-related jobs. GoDaddy broke ground in May on a Global Technology Center in Tempe. On… Read More →

Arizona Commercial Real Estate Experts predict slow recovery leading to better 2015

Marina Heights rendering courtesy of DAVIS.

In the ’90s, the joke was that the state bird was a construction crane, says AAED’s Executive Director Joyce Grossman. She motions out the window of her downtown Phoenix office and says, “You look around here, and you see cranes in the air. That means jobs.” Arizona isn’t seeing the growth it did in the… Read More →

Christine Jones Talks to American Subcontractors Association Panel

CHRISTINE JONES HEADSHOT, WEB

On Tuesday, the American Subcontractors Association of Arizona hosted a gubernatorial candidate panel to discuss policies vital to economic development and improvement of the business environment for the construction industry. Former Go Daddy Executive Vice President Christine Jones, Secretary of State Ken Bennett, Mesa Mayor Scott Smith and State Senator Al Melvin participated in the… Read More →

Economic development groups are bullish on Arizona

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They are our sales representatives, those intrepid souls knocking on doors in California, China, Germany and New York. They are the smiling faces standing behind CEOs, mayors and the governor when a new business arrival is announced. They are the economic development organizations of Arizona. It’s an alphabet soup of agencies, but they are working… Read More →

Confidence Builds: Developers see aggressive optimism in marketplace

Builders, WEB

Investing in spec buildings may – or may not – be an anomaly in the marketplace. Dan Withers, president of D.L. Withers Construction says he’s seeing risk-taking entrepreneurs coming back into the market. “It’s been difficult for people to assess the timing in this recession,” he says. “There is enough optimism out there that we… Read More →

Utilities aim to provide infrastructure to meet Arizona’s continued growth and ensure a vibrant economy

Most Challenging Project 2011: Soleri Bridge

When economic developers head into the marketplace to sell Arizona’s benefits to interested relocation prospects, one item on that list is plentiful: reliable and well-priced utilities. While some cities deliver electric power in addition to sewer and water, the power grid is essentially divided between Arizona Public Service, Salt River Project and Tucson Power &… Read More →

The Voice of Development: Joyce Grossman, AAED

Joyce Grossman 1 © Lillian Reid

Joyce Grossman became executive director of AAED in 2011. She has a B.A. from the University of California-Davis and a M.P.A. from California State University, Sacramento. Prior to joining AAED, Grossman was a deputy director with the City of Phoenix. She helped in attracting the International Genomics Consortium/Translational Genomics Research Institute to Phoenix. AZRE caught… Read More →

AAED Member Profiles 2014

Grenee Celuch Director of marketing and business development Concord General Contracting Years with Concord: 6.5 years Years with AAED: 2 years Impact of membership in AAED: Part of Concord’s long-term goals are to be a more active player in the municipal market sector. AAED has been a valuable resource by connecting me to economic developers… Read More →

Pillars for the Future: AAED’s strategic plan strengthens its economic development role

Pillars, WEB

Hear the word “pillars” and you envision strength, tall and straight. There have been three pillars standing on the foundation of the Arizona Association for Economic Development. The association starts its next 40 years with a new strategic plan minted early last month by its board of directors. The timing meshes with Arizona’s exit from… Read More →

Jennifer Graves Joins Gilbert's Office of Real Estate and Economic Development

Graves, Jennifer
November 27, 2013 by in Economic Development | Newsmakers

Gilbert, Arizona’s Office of Real Estate and Economic Development has hired Jennifer Graves, CEcD, as Business Retention and Expansion Economic Development Administrator. Jennifer brings more than 13 years of economic development experience ranging in market research, strategic planning, and business retention and expansion. Jennifer earned an MS in Applied Economics from the University of North… Read More →

Business Development: No Instruction Book

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Many commercial real estate firms are changing the way they do business, as the last five years have forced them to examine how they attract and retain clients. One of the greatest take-aways of the Great Recession is business development—the approach commercial real estate-related firms are taking to expand their client base and engage their… Read More →

Apple Manufacturing Plant Brings 1,300 Construction Jobs to Valley

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Apple Inc. says it will open a manufacturing plant in the Phoenix suburb of Mesa that will eventually employ 700 workers. About 1,300 construction jobs will also be created as the First Solar plant designed to make thin-film solar panels is converted. The company sold the plant last month. “Apple’s presence in the region will… Read More →

LGE Breaks Ground on Skyway Retail in Surprise

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Skyway Business Park is 300 acres and one of Surprise’s largest economic developments. In the past year, Skyway Business Park has grown to include companies such as Rio Glass Solar, Gestamp Solar Steel, and Intrepid Tool. LGE Design Build is beginning construction on a special retail development within the next month. This will include 17,416… Read More →

Chandler Looking for Developer for Downtown Property

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The City of Chandler opened a Request for Information (RFI) today for the downtown property located directly west of Chandler City Hall known as Site 6.  This site in the city’s urban core is considered a catalyst for the next stage of development in downtown Chandler. The RFI is the first of two phases, asking… Read More →

Construction Spending Rises 0.6 Percent in July

Bernards & Construction

The nation’s builders were busy in July as construction spending increased 0.6 percent to $900.8 billion—the largest upswing in four years—according to the Sept. 3 report by the U.S. Commerce Department. Nonresidential construction spending also rose 0.6 percent in July, but is down 0.8 percent compared to one year ago. Private nonresidential construction spending grew… Read More →

Marcus & Millichap Arranges Sales of 416SF & 6000SF Net-Leased Properties

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Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Service King, a 4,216-square foot net-leased property located in Peoria, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,351,251. Chris Doty, a net leased Specialist in… Read More →

Cassidy Turley Completes $13.5 Million Sale of Camelwest Plaza

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Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully sold Camelwest Plaza, a 174,554-square-foot class B office property featuring two (2) four-story buildings at 1951 and 2001 West Camelback Rd. in Phoenix. 1128 Valencia Associates, LLC (Newport Beach, CA), advised by Apex Commercial Advisory (Brandt McCullough), purchased the property… Read More →

Cassidy Turley Completes 5,000SF Lease at Scottsdale Plaza for Giant Bicycles

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Cassidy Turley, a leading commercial real estate provider in the U.S., announced today they successfully negotiated a 5,000SF lease for Giant Bicycles at Scottsdale Plaza, on the northwest corner of 68th Street and Thomas Road in Scottsdale. Chris Hollenbeck, with Cassidy Turley’s Retail Group, negotiated the lease on behalf of the landlord, Marino Investments. Giant… Read More →

Scottsdale Parcel Sells for $2.8 Million to Make Way for La-Z-Boy Showroom

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A Scottsdale-based firm paid $2.8 million to develop a parcel at 6828 E. Camelback Rd. with plans to construct a La-Z-Boy Furniture store that is expected to break ground this October. A 10,096 SF, Class C office building built in 1978 was demolished to make way for the new retail building. The 27,878 SF parcel… Read More →

Marcus & Millichap Arranges Sale of 800 SF Net-Leased Property

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Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Starbucks, a 800-square foot net-leased property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,415,000. Mark Ruble and Jamie Medress, investment specialists in Marcus… Read More →

NorthMarq Arranged $2.5 Million Mortgage for Airpark Home Center

Shari Stults, vice president of NorthMarq’s Phoenix regional office, arranged first mortgage refinancing of $2.5 million for Airpark Home Center located at 8355 East Butherus Drive in Scottsdale, Arizona.  This asset is a multi-tenant industrial flex building with approximately 50% of showroom/office space and 50% warehouse space.  The major tenant at the site is Hughes… Read More →