Headlines

Developers want water limits changed for homes

Valley developers want lawmakers to alter 43-year-old laws that restrict construction in areas without adequate water supply.In a press release, the Home Builders Association of Central Arizona is not disputing that the state Department of Water Resources concluded that areas around Buckeye and Queen Creek do not have the 100-year assured water…

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Two Valley apartment communities sell for more than $80M each; plus 5 more deals to know

A 248-unit mid-rise apartment complex in Gilbert has traded hands in an $80 million transaction.Atlanta-based Wood Partners sold Alta Cooley Station, located at 2550 S Recker Road, to a private individual based in California, according to a Dec. 26 announcement. Wood Partners was represented in the transaction by Steve Gebing and Cliff David of Institutional…

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Arizona proposes framework for converting wastewater into purified drinking water

Recently, the Arizona Department of Environmental Quality released a proposed roadmap outlining plans to convert treated wastewater into purified drinking water.“Advanced water purification has the potential to provide a reliable source of purified water that can alleviate water scarcity issues faced in much of Arizona,” said Randall Matas, deputy director of the water quality division…

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Why a 100-year supply? How Arizona got its famous, yet arbitrarily numbered groundwater rule

Arizona’s 100-year water supply requirement came into sharp focus this year when Gov. Katie Hobbs announced news of a potential shortfall.It came up again recently when state Senate President Warren Petersen publicly discussed why the requirement is 100 years and not some other number.Petersen, R-Gilbert, said the number is arbitrary during a meeting about the…

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