TEMPE, Ariz. (August 14, 2026) – The Terracon Foundation has awarded $22,000 in spring 2026 grants to four Arizona organizations dedicated to education, workforce development, STEM outreach, and student scholarship programs.

The grants were championed by Terracon employee-owners who identified opportunities to support initiatives that strengthen Arizona communities and create pathways for future leaders.

Grand Canyon University received a $5,000 grant for its Next Level Lopes Program, championed by Sabrina Perez, Desert Southwest Client Development Manager. The program prepares students for career success by providing workplace readiness training focused on resume development, communication skills, interview preparation, and the ability to give and receive constructive feedback.

The Southern Arizona Research, Science, and Engineering Foundation (SARSEF) was awarded a $4,500 grant, championed by Briana Li-Vidal, P.G., Environmental

Project Manager. The funding will support SARSEF’s STEM education and outreach initiatives, which inspire students to explore science, technology, engineering, and mathematics through hands-on learning opportunities and community engagement.

The Southern Arizona Environmental Management Society (SAEMS) received a $5,000 grant for its student scholarship fund. The grant was championed by Derek D. Koller, Tucson Operations Manager, and will support students pursuing education and careers in environmental health and safety.

Arizona State University was awarded a $7,500 grant for the Terracon Scholars Program championed by Joe Phillips, P.E., Senior Engineering Consultant. The program supports students through educational opportunities that help prepare the next generation of engineering and technical professionals.

“I am proud to be a Terracon employee-owner and grateful for the opportunities the company provides to support and advocate for our local universities and nonprofit organizations in Arizona,” Koller said.

PHOTO CAPTION: College of Engineering and Technology Assistant Dean Dr. Rob Loy speaks to students who completed the Next Level Lopes cohort program this past February.

Planned for the master-planned community of Estrella, the new grocery and retail destination will deliver a pedestrian-centric shopping experience to the West Valley

GOODYEAR, Ariz. (August 13, 2026) — Common Bond Development Group, the developers behind some of the Southwest’s most notable retail and hospitality projects, today announced details for its latest commercial development: a premium, grocery-anchored shopping center in the master-planned community of Estrella in Goodyear, Arizona.

Initiated to fill a retail void in the surrounding community, the project brings together the City of Goodyear, developer Harvard Investments, and anchor tenant Sprouts Farmers Market to establish a new commercial heart for the trade area. Sprouts is one of the largest and fastest-growing specialty retailers of fresh, natural, and organic food in the United States, committed to helping customers live and eat better.

“We’re excited to welcome Sprouts Farmers Market to the Estrella community,” said Goodyear Mayor Joe Pizzillo. “Sprouts is more than a new grocery store, this will help attract more restaurants and neighborhood services that will expand shopping options for residents. Partnerships like this help ensure Goodyear continues to grow in a way that meets the needs of our community while creating new opportunities for investment and jobs.”

Phase one of the development will total approximately 35,224 SF, featuring a 23,024 SF Sprouts Farmers Market, 9,200 SF of inline retail space (Shops A), and a 3,000 SF standalone pad (Pad A). A future second phase situated along the lake is planned to add an additional 16,000 to 20,000 SF of retail and restaurant space.

“Goodyear is a rapidly growing submarket, and we are grateful for the support we’ve received from the Estrella community,” said Regan Amato, Director of Real Estate for Sprouts, Mountain-West Region. “Common Bond is a trusted partner who is actively building our store at Eastmark (in Mesa, Arizona) and we’re excited to bring that same momentum to Estrella. This premier lakeside project is the perfect fit for our expanding West Valley footprint.”

The center’s initial design, completed by Suite 6 Architecture + Planning and subject to approval, incorporates a maritime theme that reflects its location on Estrella Parkway at North Lake near the Yacht Club of Estrella and the Starpointe Residents’ Club. Moving away from traditional retail footprints, the project features high architectural and landscaping standards, utilizing composite wood cladding and vertical steel accents designed to mimic sail masts. The project is targeted to break ground in the first quarter of 2027.

“The addition of Sprouts Farmers Market to Estrella represents another important milestone in the continued growth of our community of more than 23,000 residents and an important anchor of our long-term vision for North Lake,” said Roger Theis, Vice President of Communities at Harvard Investments. Sprouts is a highly respected brand that aligns with the healthy, active lifestyle that defines Estrella.

“This project reflects the commitment and value of the partnership between Harvard Investments, Common Bond, and the City of Goodyear to bring amenities closer to home for our residents. Harvard Investments is a master developer with a vision for more retail amenities at Estrella. Working with Sprouts and Common Bond is a part of fulfilling this vision,” Theis added.

This project represents the latest evolution of Common Bond’s signature commitment to thoughtful placemaking, the deliberate design of public spaces that foster community connection. CBDG has consistently demonstrated this expertise across the Phoenix metropolitan area.

From the vibrant East Valley, where the firm is currently wrapping up construction on another highly anticipated Sprouts-anchored project at EastMarket at Eastmark, to the West Valley’s The Park at 83 in Peoria, and the upcoming 11-acre mixed-use destination The Shops at Halo Vista in North Phoenix, CBDG specializes in turning retail centers into active neighborhood hubs.

“This development represents a strategic collaboration to deliver an experience-driven environment to a rapidly growing market,” said Trevor Cohen of Common Bond Development Group. “By pairing a top-tier anchor like Sprouts with a versatile, pedestrian-centric layout, we are creating a durable commercial asset that feels authentic to the lakeside setting.”

In addition to the center’s overall design, Common Bond has assembled a collection of premier design collaborators for the project, including Cuhaci Peterson (Sprouts building design), PHNX Design (Shops A design), and GK Flanigan (landscape architecture). The project is now transitioning into its initial leasing phase, targeting a mix of service-oriented tenants, local favorites, and regional brands.

Morgan Stanley Real Estate Investing acquires Honeywell Aerospace-occupied facility in Chandler and aviation maintenance campus near Sky Harbor Airport

PHOENIX, (Aug. 12, 2026) – JLL Capital Markets announced today the $79.35 million sale of a two-property industrial portfolio in Metro Phoenix featuring mission-critical facilities with highly specialized infrastructure and long-term lease commitments.

The portfolio includes AMPlify Chandler, a 196,764-square-foot industrial facility fully occupied by Fortune 100 aerospace and advanced manufacturing leader Honeywell Aerospace, and AMPlify Riverpoint, an 80,309-square-foot aviation maintenance and training facility fully leased to the Aviation Institute of Maintenance.

JLL represented the seller, Phoenix Rising Investments LLC and an affiliate of Blue Vista Capital Management, LLC, in the transaction. Funds managed by Morgan Stanley Real Estate Investing (MSREI) acquired the assets.

AMPlify Chandler at 6505 W. Chandler Blvd. is located less than a mile from Interstate 10 and Loop 202 interchange in Chandler. Originally built in 1981, the property was renovated in 2025 with a new approximately 40,000-square-foot expansion building specifically designed to meet Honeywell’s operational requirements. The facility features an on-site, fully owned and property-dedicated 50MW substation, positioning it as a heavy-infrastructure industrial asset capable of supporting advanced manufacturing operations.

AMPlify Riverpoint at 4025 S. 32nd St. includes two aircraft hangars housing seven training aircraft, along with technical labs, a composite shop and specialized industrial space. The property features prominent I-10 freeway frontage adjacent to the completed Broadway Curve Improvement Project and is positioned at the center of a growing aviation and technical employment hub near Phoenix Sky Harbor International Airport.

“Over the past seven years, we’ve transformed this facility into a state-of-the-art advanced manufacturing campus through strategic capital investment and close collaboration with Honeywell,” said Michael Hsiung, co-founder of Phoenix Rising Investments. “With Honeywell’s long-term lease commitment extending beyond 2030, we’re confident this asset will continue to serve as a critical manufacturing hub under MSREI’s stewardship.”

The JLL Capital Markets team was led by Senior Managing Directors Ben Geelan and Carl Beardsley, Senior Director Greer Oliver, Associate Bryce Beecher and Senior Analyst Gigi Martin. Local market expertise was provided by JLL’s leasing team, led by Vice Chairman Steve Larsen, Managing Director Jason Moore and Senior Managing Directors Pat Harlan and Kyle Westfall.

“Phoenix is still in the early innings of a structural demand cycle that will reshape how capital evaluates industrial assets across the Southwest,” Geelan said. “Manufacturing tenants are making site selection decisions based on power availability and specialized configurations rather than just freeway access, and investors who recognize this transition early will benefit from long-term fundamentals that extend well beyond traditional distribution-focused underwriting.”