construction Archives

Construction material prices rise for 1st time in 9 months

Construction employment
by in AZRE Magazine | Construction

Construction input prices rose on a monthly basis in March for the first time in nine months according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released today by Associated Builders and Contractors (ABC). Input prices expanded 0.9 percent on a monthly basis in March but are still down 3.4… Read More →

Lincoln breaks ground on 250K SF offices

Rendering of the Grand at Papago Park
by in AZRE Magazine | Construction | Office

Just as it breaks ground on the first building at The Grand at Papago Park Center in Tempe, Arizona, Lincoln Property Company (LPC) has secured a pre-lease commitment from a major first tenant: leading enterprise application software company SAP America (NYSE: SAP). SAP is currently located in the Scottsdale Galleria, but will relocate to the first building at The Grand at… Read More →

JPI Companies acquires 10.79 acres for $11.28M

Rendering of the project on Chandler Blvd. & McClintock Rd.
by in AZRE Magazine | Multi-Family

Cushman & Wakefield announced Wednesday that JPI Companies acquired a ±10.79 acre permit-ready, 283-unit multifamily development site at the northeast corner of Chandler Boulevard and McClintock Road in Chandler for $11.28 million, $39,859 per unit. Cushman & Wakefield Executive Managing Directors Steven Nicoluzakis and David Fogler of the Phoenix office represented JPI Companies of Irving, Texas… Read More →

Local construction firm changes name and location

Graycor Construction
by in AZRE Magazine | Construction

Phoenix Construction firm, Nitti Graycor, announced Monday that all operations for its southwest regional headquarters have moved to a new Phoenix location and are officially doing business as Graycor Construction Company. The new location, at 4600 E. Washington St., Suite 440, Phoenix, Arizona 85034, was designed with flexibility and collaboration in mind to best support Graycor’s service… Read More →

Construction unemployment rates improve

Bernards & Construction
by in AZRE Magazine | Construction

Unusually mild weather in much of the country continued into the first part of January, but ended for the East near the end of the month with the brutal storm dubbed “Snowzilla.” The storm did not hit until after the reference week used for surveying employment and unemployment. This undoubtedly helped to temper the normal… Read More →

Mainstreet Health starts construction on post-acute property

by in AZRE Magazine | Construction | Medical

Construction on Phoenix’s latest post-acute development is now underway. Mainstreet and Mainstreet Health, the operating company of Mainstreet, broke ground in mid-February. This will be the first project Mainstreet Health will operate for Mainstreet. The property, located at 3000 N. 91st Ave. in Phoenix, boasts 94 private beds, 67,697 square feet and will provide post-acute care (short-stay rehabilitation… Read More →

How can Arizona recoup its skilled workforce?

by in AZRE Magazine | Construction

If you’ve attended any local 2016 commercial forecast events, the likelihood of bypassing a panel, speaker or conversation dealing with, or related to, construction and skilled labor issues is slim. It’s not a new issue, but it’s a worrisome one that shows few signs of resolution anytime soon. Why, when other areas of the nation… Read More →

Construction material prices continue free fall

by in AZRE Magazine | Construction

Construction input prices fell for the eighth consecutive month during February 2016, according to an analysis of the Bureau of Labor Statistics Producer Price Index released, Tuesday, by Associated Builders and Contractors (ABC). Construction input prices fell 0.6 percent on a monthly basis in February and 3.7 percent on a yearly basis. Inputs to nonresidential… Read More →

PCL Construction rises on Fortune workplace list

construction industry
by in AZRE Magazine | Construction

Fortune magazine named PCL Construction to its “100 Best Companies to Work For” list for the 11th consecutive year. PCL, a top general contractor in North America, moved seven spots to rank at number 60 on the list this year. “We’re proud to be named, once again, as an employer of choice by Fortune magazine,” said… Read More →

Report: Phoenix mid-size industrial market on rise

Next Gen Industrial
by in AZRE Magazine | Brokerage | Industrial

Mid-size users are dominating the Phoenix industrial market, and the construction sector has a heavy hand in that success, according to the Phoenix office of JLL. The brokerage firm reports much of the 5.8 million square feet of industrial space absorbed in the Valley in 2015 went to mid-size users – tenants occupying somewhere between 10,000 and 50,000 square feet.… Read More →

Big-D Construction relocates Arizona office to Tempe

by in AZRE Magazine | Construction

Big-D Construction recently moved their Arizona office from Gilbert to a new location in Tempe at 2055 S. Cottonwood Dr. Big-D has had a focus in Arizona and the Southwest since 1989, constructing numerous high profile projects. Big-D has seen continual growth in the area and made a strategic decision last fall to further establish a… Read More →

Nonresidential spending regains momentum in 2016

Construction Employment
by in AZRE Magazine | Construction

Nonresidential construction spending crested the $700 billion mark on a seasonally adjusted annualized basis in January for the first time since March 2009, according to analysis of U.S. Census Bureau data released Tuesday by Associated Builders and Contractors (ABC). Nonresidential construction spending expanded 2.5 percent on a monthly basis and 12.3 percent on a yearly basis,… Read More →

Arizona Polymer Flooring acquisition strengthens position

Arizona Polymer Flooring

Arizona Polymer Flooring (APF), a flooring products and concrete coating systems manufacturer, acquired California-based Super-Krete International, a globally recognized manufacturer of concrete repair and restoration materials. “Super-Krete is an industry leader and true market force in the decorative concrete market. We saw a fantastic opportunity to join forces and together offer our clients the best in both… Read More →

Sun State Builders completes Tiempo Development HQ

Sun State Builders
by in AZRE Magazine | Construction

Tenant improvements for software developer Tiempo Development’s International Headquarters were completed by Sun State Builders in the Papago Reserve Building in Tempe. The new 3,245 square-foot offices have a modern design, featuring bold colors, a high-speed Cat 6 IT infrastructure and a nine-foot window wall system throughout the offices, bringing in natural light to the… Read More →