NAI Horizon facilitates sale of Chandler Medical Center for $7.3M via competitive bid sale process

NAI Horizon facilitates sale of Chandler Medical Center for $7.3M via competitive bid sale process

     PHOENIX, ARIZONA (June 13, 2024) – NAI Horizon facilitated the $7.3 million sale of Chandler Medical Center, a 22,591 SF multi-tenant medical office building located at 655 S. Dobson Road in Chandler, Arizona. The sale price fetched $323.14 per SF.

NAI Horizon Executive Vice President Lane Neville, Senior Associate Cole Neville and Associates Brandon Hall, Whitney Heritage, and Matt Westra represented the seller, Chandler Medical Property Company LLC (Tolis Advisors) from New York City, NY. The buyer, Provider Real Estate Partners Fund I, L.P. from Cleveland, Ohio, was self-represented.

“This was a full circle brokerage moment for our NAI Horizon Healthcare Advisory Group. We sold the property to Tolis Advisors in January 2020, representing a CMBS Special Servicer. After the Tolis acquisition, they hired our MOB team to lease the property, along with our strong NAI Property Management division. We stabilized the property performance, raised average rental rates to market and leased up the property to 100 percent occupancy, now our team just successfully sold the property again,” Lane Neville said.

“Both of our sales of Chandler Medical Center were done through our national competitive bid sale process. Through our proprietary sale process, we maximize value in the least amount of time for our seller. The competitive sale situation creates the best advantages for our sellers and helps with surety of the transaction closing,” Lane Neville said.

Chandler Medical is strategically located adjacent to Dignity Health’s 429-bed Chandler Regional Medical Center. Chandler MOB sub-market conditions remain very strong. Rising rents and low vacancy rates provide a financially healthy and stable environment for commercial real estate investment in medical space in Chandler.

For additional information on medical office properties or the NAI competitive bid sale process, contact Lane Neville at lane.neville@naihorizon.com.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

 

 

###

Arizona office of CG Schmidt names industry expert Isaac Maraspini as Project Manager

Arizona office of CG Schmidt names industry expert Isaac Maraspini as Project Manager

    TEMPE, ARIZ. (June 11, 2024) – Industry expert Isaac Maraspini has been hired as Project Manager in the Arizona office of construction management firm CG Schmidt.

A native of California, Maraspini possesses a wealth of knowledge in construction, healthcare construction, restoration construction, project management, and project estimating. Maraspini also has experience as a biomedical equipment engineer.

As Project Manager Maraspini will plan, organize, and control all resources (people and materials) for the successful execution of a project. He will lead project teams in the construction of projects ensuring project quality, schedule, cost control, safety, and customer satisfaction objectives are met.

Maraspini joins CG Schmidt from ATI Restoration, where he served as Construction Manager. He previously worked as Project Manager for HonorHealth and Banner Health. Maraspini is a 14-year veteran of the U.S. Air Force, having served as a biomedical equipment engineer and beginning his career in a support role for medical construction.

“We are excited to have Isaac join our Southwest team,” said Nicole Cuéllar, General Manager for the CG Schmidt Arizona office. “Isaac’s military, healthcare, and restoration background will propel the growth of our Tempe office as we continue to focus on safety, quality, schedule, cost, and owner relationships.”

Maraspini earned an MBA from Grand Canyon University in 2021. He also holds a bachelor’s degree in business administration (healthcare) from Wayland Baptist University in Plainview, Texas.

Maraspini and his wife Stephanie have four children and three grandchildren. Away from the office he enjoys spending time in the outdoors hiking, rafting, horseback riding, swimming, and riding dirt bikes.

CG Schmidt opened its Arizona office in 2023. It offers clients a complete range of services from planning and development through close-out. The firm is headquartered in Milwaukee, Wisconsin, and led by President Eric Schmidt, CEO & Chairman of the Board Rick Schmidt, and COO Mike Abuls.

CG Schmidt is located at 999 E. Playa del North Drive, Suite 110, in Tempe, Arizona. For more information call (602) 830-8460 or visit cgschmidt.com.

About CG Schmidt

CG Schmidt, a family-owned company since 1920, CG Schmidt is a leader in quality construction management, general construction and design-build services with offices in Arizona and Wisconsin. The company serves the markets of education, healthcare, senior living, multi-family, corporate, industrial, community and religious facilities. As a fifth-generation firm, CG Schmidt is a respected industry leader. The company has built a reputation for tackling the most complex and recognizable projects to create quality, state-of-the-art buildings in communities across the nation. For more information, please visit www.cgschmidt.com.

###

NAI Horizon represents Mesa construction firm in $1M acquisition of industrial building in Coolidge

NAI Horizon represents Mesa construction firm in $1M acquisition of industrial building in Coolidge

     PHOENIX, ARIZONA (June 11, 2024) – NAI Horizon represented the buyer, a Mesa, Arizona-based construction company expanding to Southern Arizona and bringing hundreds of jobs, in the $1 million acquisition of an industrial building in Coolidge, Arizona.

NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented Superstition Frame and Drywall in acquiring 14,000 SF warehouse at 425 S. Main St., in Coolidge.

“The NAI Global Advisory Team is proud to bring yet another impactful project to communities that support growth and create purposeful partnerships,” Garza Walker said. “This is an expansion that’s bringing 200 new jobs to the community. We met with the (Coolidge) Mayor who lauded this as being very impactful to his community.”

The asset, built in 1988, features a 5,000 SF yard, a ceiling height of 16 feet, and one grade level door (20 feet by 20 feet). The single-tenant freestanding building sits on .42 acres.

The seller was Spillman Koplin , LLC of Tempe, Arizona.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

###

 

 

80 acres in Casa Grande purchased for new power switching yard and substation

80 acres in Casa Grande purchased for new power switching yard and substation

Rapidly expanding industrial corridor slated to receive new power switching yard and substation to address growing power needs in Casa Grande’s West Industrial area.

Casa Grande, Ariz. (June 10, 2024) – A recently purchased 80-acre parcel in Casa Grande will become a new power switching yard and substation, which will extend capacity and services to the Casa Grande West Industrial area.

Casa Grande’s industrial sector has seen a significant increase in industrial users and developers in recent years as the manufacturing industry and related suppliers relocate or expand to the area. This influx, which includes Lucid Motors, Kohler and an array of semiconductor supply chain and electric vehicle manufacturer suppliers, is creating additional demand for power. This new site will address the area’s growing power needs.

The sale was facilitated by Kirk McCarville, CCIM and Trey Davis with Land Advisors Organization’s Casa Grande office. The team represented both the buyer and the seller in the transaction. The sellers were Vernon Lester Barnes and Patricia Barnes of Casa Grande.

“We’ve been working to bring new industrial users to Casa Grande and Pinal County in coordination with city and county leaders,” said Davis. “This new energy facility helps to guarantee the future of power for Casa Grande’s industrial sector and supports our ongoing efforts to further our city’s economic growth.”

Over the past several years, Casa Grande has been attracting major national and international manufacturers looking to expand or relocate to Arizona’s Silicon Desert. Land Advisors Organization has facilitated bringing many companies to the area, such as Lucid Motors, Kohler, Chang Chun Chemical and Air Products, KPPC Advanced Chemicals, NRS Logistics America, and Jing He Sciences. There is tremendous interest from manufacturers, semiconductor supply chain and electric vehicle manufacturer suppliers as well as others with rail distribution needs to have facilities in the area. Casa Grande’s population has doubled since 2000, making it the largest city and tax base in Pinal County.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Denver, Colorado; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Boise, Idaho; Kansas City; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Greensville, South Carolina; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; and Seattle, Washington. Stay connected with us on TwitterFacebook and LinkedIn.

Sales of industrial properties, land, retail pad totaling $10.1M highlight NAI Horizon deals

Sales of industrial properties, land, retail pad totaling $10.1M highlight NAI Horizon deals

     PHOENIX, ARIZONA (June 10, 2024) – NAI Horizon professionals recently closed five sales totaling more than $10 million including three industrial properties, land, and retail a retail pad. The industrial sales totaled a combined $8 million.

Sales Transactions:

Jeffrey Garza Walker negotiated the sale of 50,594 SF of an industrial building for $4.7 million, representing the buyer, American Gem Packaging Solutions, LLC. The property is located at 2760 S. La Luna, Goodyear, AZ. The seller, A1 Desert Investments, LLC was self-represented.

Rick Foss negotiated the sale of a 10,054 SF industrial building for $2.21 million representing the seller, McDowell Sonoran Holdings, LLC. The property is located at 5230 S. 39th St., Phoenix, AZ. The buyer, Bell Holdings 1100, LLC was represented by Garrett Wilson, with Cushman Wakefield.

Jay Mininberg negotiated the sale of 40,973 SF of land for $1.275 million representing the buyer, FJT1 Rental, LLC. The property is located at  2422 E. Apache Blvd., 2424 E Apache Blvd., and 1114 S. Lebanon Lane, Tempe, AZ. The seller, Robert and Mary Figueroa were represented by Neil Sherman and Zackery Sherman with Sperry-Insignia.

Jay Mininberg negotiated the sale of 4,000 SF of an industrial building for $1.224 million representing the seller, MM2 Myrtle, LLC. The property is located at 1745 W. Deer Valley Road, Phoenix, AZ. The buyer, Hakala Living Trust, was represented by Zak Kottler and Joe Cosgrove with LevRose Commercial.

 Sharon Reeves and Paul Holland of Colliers negotiated the sale of .6361 AC of a retail PAD for $750,000 representing the buyer, Landa Peoria, LLC. The property is located at SEC Lake Pleasant and Happy Valley Road, Peoria, AZ. The seller, Mountainside Crossing Parcel 2B, LLC was self-represented.

Lease Transactions:

Jeffrey Garza Walker represented the tenant, Southwest Key Programs, Inc., in a 60-month office lease for 149,679 SF at 1201 S. 7th Ave., Phoenix, AZ. The landlord, CPLC PM Redevelopment, LLC, was self-represented.

Drew Eisen and Isy Sonabend represented the tenant, Elliott Electric Supply, Inc,. in a 120-month industrial lease for 15,169 SF at 9172 E. Florentine Road, Prescott Valley, AZ. The landlord, Flex Space, LLC, was represented by Matt Fish with Prescott Commercial Real Estate.

Thomas Bean, CCIM represented the landlord, MFS Properties, Inc., in a 64-month medical lease for 6,527 SF at 14733 W Mountain View Blvd., Building F, Surprise, AZ. The tenant, OrthoArizona, was represented by Vince Femiano and Kevin Smigel with Transwestern.

Joan Krueger represented the landlord, Washington 2738, LLC in a 60-month office lease for 8,621 SF at 2738 E. Washington St., Phoenix, AZ. The tenant, Windom Security Strategies Today, LLC was represented by Keri Scott with Colliers.

Larson Wilcke and Mark Wilcke represented both the landlord, 712 S. Hacienda Drive, LLC, and tenant, Tweet Garot Mechanical Inc., in a 36-month industrial lease for 4,582 SF at 712 S. Hacienda Drive, Tempe, AZ.

Matt Harper, CCIM and Leah Motsinger represented the tenant, Leo’s Tacos and Burritos, LLC in a 52-month retail lease for 1,400 SF at 16055 N. Arrowhead Fountains Drive, Peoria, AZ. The landlord, Vaswani Family, LLC, was represented by Chip Diamond with Diamond Properties, Inc.

Matt Harper, CCIM and Leah Motsinger represented the tenant, Meta PC, LLC in a 38-month retail lease for 1,800 SF at 110 S. Val Vista Drive, Gilbert, AZ. The landlord, Jabbel Holdings, LLC, was self-represented.

Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC in a 36-month office lease for 2,662 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, The Recreational Wellness Center, was represented by Laurel Lewis also with NAI Horizon.

 Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC, in a 41-month office building lease for 1,982 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Arizona Department of Emergency and Military Affairs, was represented by Chris Corney with JLL.

Joe Pequeno and Troy Giammarco represented the tenant, Victorian Integrated Health Care, LLC, in a 33-month office lease for 2,499 SF at 1204 E. Baseline Road, Tempe, AZ. The landlord, McCandless Properties, was represented by Jamie Swirtz with CBRE.

Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, California Asset Portfolio, Inc. in a 62-month retail lease for 1,105 SF at 1437 E. Main St., Mesa, AZ. The tenant, Brenda Saldana, was self-represented.

Thomas Bean, CCIM represented the tenant, Neuro Diagnostic Laboratories, in a 12- month office lease for 2,975 SF at 2266 S. Dobson Road, Mesa, AZ 85202. The landlord, Rajesh Babulal Bera and Ranjan Rajesh Bera, were represented by Shane McCormick with CPI.

Matt Harper, CCIM and Leah Motsinger represented the landlord, Carol Investment Corp. in a 39.5-month retail lease for 1,025 SF at 4337 W. Indian School Road, Phoenix, AZ. The tenant, Fox Auto Insurance, Inc., was self-represented.

Joe Pequeno and Troy Giammarco represented both the landlord, Expotential Factors and tenant, Flourish Foundation, Inc., in a 12.5-month office lease for 2,689 SF at 2630 N. Ogden Road, Mesa, AZ.

Matt Harper, CCIM, and Thomas Bean CCIM, represented the landlord, Ruth E. Davies, in a 12-month office lease for 529 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Kulak Holding, LLC was self-represented.

Don Morrow and Dylan Whitwer represented both the landlord, Michael & Graciela Richards, and the tenant, Daryl Jeffrey and Nicole Springer, in a 24-month office lease for 617 SF at 114 E. Palm Lane, Phoenix, AZ.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

###

Jennings Haug Keleher McLeod joins with Waterfall, Economidis, Caldwell, Hanshaw & Villamana from Tucson to serve clients as Jennings Haug Keleher McLeod Waterfall

Jennings Haug Keleher McLeod joins with Waterfall, Economidis, Caldwell, Hanshaw & Villamana from Tucson to serve clients as Jennings Haug Keleher McLeod Waterfall


Two prominent law firms with Southwestern roots combine, expanding the firm’s presence to three offices in the region.

 PHOENIX (June 7, 2024) — Two prominent law firms based in the Southwest have joined to become Jennings Haug Keleher McLeod Waterfall LLP (JKW). Phoenix-based Jennings Haug Keleher McLeod (JHKM) has combined with Tucson-based Waterfall, Economidis, Caldwell, Hanshaw & Villamana (Waterfall), a leading Southern Arizona law firm, expanding the multijurisdictional litigation and business law firm’s presence with offices now located in Albuquerque, New Mexico as well as Phoenix and Tucson, Arizona.

Uniting the two law firms of JHKM, a highly regarded litigation and business law firm with offices in Phoenix, Arizona and Albuquerque, New Mexico, with Waterfall creates a full-service law firm comprised of nearly 50 attorneys serving clients locally, in the region and those with national interests.

“By combining, we are bringing together talented lawyers who prioritize the values of excellence, client service and integrity while also expanding our services and reach,” said John Sinodis, chairman of Jennings Haug Keleher McLeod Waterfall. “Thoughtful growth, like this, broadens the services we offer and provides the advantage of elevating the resources available to businesses and individuals around the region, which our attorneys currently serve and those who we will serve in the future. Growth is always exciting, but when it happens between firms with shared cultures and principles, it is truly outstanding.”

Waterfall, which has served the Tucson community, individuals, new and expanding enterprises as well as businesses and corporate entities for 55 years, joins JHKM and establishes JKW’s third regional office.

Jill D. Wiley

“Our many long-standing clients at Waterfall are accustomed to a level of service and legal skills that are second to none,” said Jill D. Wiley, managing partner of JKW’s Tucson office and leader of the firm’s estate planning practice. “Joining to become JKW allows us to not only continue our tradition of excellence and service to the community, but to take our values to a new level and we couldn’t be more thrilled.”

Deron Knoner, managing partner of JKW’s Albuquerque office, said “I have known the Waterfall firm since attending law school at the University of Arizona. While this is a great addition to our firm in terms of geography and areas of practice, it is a particularly great addition because of the quality people who are now practicing together at JKW.”

A full-service litigation and business law firm, JKW has attorneys practicing in Albuquerque, New Mexico, Phoenix, Arizona and Tucson, Arizona. The firm’s attorneys are regularly recognized for excellence in their areas of practice by their peers as well as in respected legal directories and rankings, such as Martindale Hubble®, Best Lawyers®, Chambers USA and Southwest Super Lawyers®.

About Jennings Haug Keleher McLeod Waterfall, LLP  

JKW is a full-service litigation and business law firm with extensive trial, litigation management, dispute resolution and complex litigation experience. The firm’s attorneys address a wide range of legal matters for businesses and individuals in the areas of antitrust, attorney regulation and ethics, appellate law, business law and litigation, banking, bankruptcy and creditors’ rights, civil rights and constitutional law, commercial real estate, construction, corporate law, employment, environmental, comprehensive estate planning, trusts, probate and administration services, family law, fidelity and surety, government relations and lobbying, insurance defense and coverage, medical and professional malpractice, municipal law, personal injury, energy regulatory matters and tribal law, as well as alternative dispute resolution. JKW has offices in Phoenix and Tucson, Arizona and Albuquerque, New Mexico to serve clients in the Southwest and throughout the United States. For additional information, visit jkwlawyers.com  

 ###

Land Advisors Organization establishes firm’s new northern Nevada office with Krueger Land Team

Land Advisors Organization establishes firm’s new northern Nevada office with Krueger Land Team

Moving to Land Advisors Organization, Mark and Ryan Krueger and Erin Seipel expand their resources and the ability to attract more public home builders to the region.   

Scottsdale, Ariz. (June 5, 2024) – Scottsdale-based Land Advisors Organization, the nation’s largest brokerage firm focused specifically on land, has expanded into northern Nevada with the addition of the Krueger Land Team. Led by Mark and Ryan Krueger, the Krueger Land Team has specialized in the sale of residential, multifamily, commercial, and industrial land and investment properties in Reno and across northern Nevada for nearly 30 years.

Recognized as the dominant land team in Reno and the northern Nevada market, the Krueger Land Team has completed more than $1.2 billion in sales over the past two decades. They have facilitated the sale of more than 36,000 single family units since 2003; nearly 5,000 multifamily units since 2025; and the development of the region’s most successful planned communities, including the Double Diamond Ranch, Damonte Ranch, Pioneer Meadows, Stonebrook, Wingfield Foothills, Somersett and Talus Valley. The team regularly works with the region’s largest builders, including Lennar Reno, Toll Brothers, DR Horton, Jenuane Communities, Ryder Homes, Desert Wind Homes, American Homes for Rent, Tricon, among others.

The region’s substantial population growth combined with employment corridor growth is bringing high-paying jobs in technology-based industries, manufacturing, healthcare, and entrepreneurial startups to the Reno and northern Nevada region. This growth has created significant demand for more residential units as well as industrial and commercial land. By joining with Land Advisors Organization, the Krueger Land Team is positioning itself to aid in addressing these community and economic development needs by attracting more builders, developers, and investors to the area.

“Krueger Land Team just got better, and we are confident that with the additional resources and national relationships that Land Advisors Organization brings, we will succeed in facilitating Reno and northern Nevada’s continued growth in a meaningful, and successful way.” said Mark Krueger. “City and county officials have done an excellent job of planning and building out the needed infrastructure to accommodate the area’s economic development and now we want to get back on the radar with public builders and community developers to bring needed housing units to our community. Through Land Advisors Organization’s national network, we are confident that we will be able to attract more builders and developers and know that it’s time to come back to Reno.”

A trusted local land and real estate expert, Mark Krueger has specialized in the sale of land, investment properties and commercial real estate in Reno and northern Nevada for nearly 30 years and has over 45 years of experience in commercial real estate. He will serve as senior advisor for Land Advisors Organization’s new northern Nevada office and continue to lead the Krueger Land Team.

Joining Mark are his son Ryan Krueger, who specializes in single family, multifamily, mixed-use land sales in Reno/Sparks, Fernley, Dayton, Carson City and Douglas County and has transacted nearly 10,000 single family and multi-family units and $500 million in revenue; and his daughter Erin Seipel, who has nearly 25 years of experience in commercial real estate, managing the team’s operations and administrative support team.

The Krueger Land Team plans to continue providing its market forecasts, which have served to inform the real estate industry on critical data and development trends in the region for decades. The firm’s new office is located at 10631 Professional Circle, Suite B in South Reno.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Denver, Colorado; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Boise, Idaho; Kansas City; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Greensville, South Carolina; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; and Seattle, Washington. Stay connected with us on TwitterFacebook and LinkedIn.

###

Commercial real estate expert Tony Machabee, CCIM, joins NAI’s Nunez Self Storage Group

Commercial real estate expert Tony Machabee, CCIM, joins NAI’s Nunez Self Storage Group

    PHOENIX, ARIZONA (May 29, 2024) – Tony Machabee, CCIM, has joined the Nunez Self Storage Group, a National Self Storage Brokerage Team working under the NAI Global brand, with team members located in key states including California, Nevada, Colorado, Arizona and Florida.

Machabee is a Senior Director with NAI Alliance, which he joined in 2021. Machabee specializes in industrial and self-storage properties. He represents owners and users in the acquisition, leasing, and disposition of properties throughout the Nevada area. His commercial real estate experience includes an extensive background in leasing and sales.

Machabee is a Certified Commercial Investment Member (CCIM), executing his skills in developing opportunities for his clients in Northern Nevada. He has significant experience in analyzing investment opportunities and furnishing guidance for commercial real estate clients while managing the sales and leasing process for professional seamless transactions.

“Tony is a significant addition to the team and will allow the group the ability to source opportunities within the Nevada market providing our trusted expert insight and advice that our clients, both existing and new, rely upon,” said NAI Horizon Principal Denise Nunez.

Prior to joining NAI Alliance, Machabee was an Associate at Cushman & Wakefield. Before he began his career in commercial real estate, he served in the U.S. Air Force

for more than 30 years as a C-130 pilot and commander. He retired in 2023 at the rank of Colonel from the Air Force Reserves as the Senior Director for FEMA Region IX, where he held a top-secret security clearance.

Prior to his military service, Machabee served as the vice president of a locally owned office equipment dealership. He grew up in Reno, Nevada, and attended the Embry-Riddle Aeronautical University in Prescott, Arizona. He earned a Bachelor of Science in aerospace engineering in 1992. He earned his real estate license in 2019.

Away from the office, Machabee enjoys spending time with his wife and children, taking part in the many outdoor activities that the West Coast has to offer.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 325 offices worldwide. For more information, visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

###

 

 

Streamline Capital Group launches 3rd fund for Class B offices buildings, raising $15M for SIG III

Streamline Capital Group launches 3rd fund for Class B offices buildings, raising $15M for SIG III

 

MESA, ARIZ. (May 20, 2024) – Following the success of its initial two ventures, Arizona-based Streamline Capital Group is raising $15 million for its latest undertaking, Streamline Investment Group III (SIG III).

This fund will acquire four to six Class B office properties, leveraging the proven Streamline Process to offer passive investment avenues for individuals and entities keen on real estate assets without the day-to-day operational hassles.

Highlights of SIG III: Investment type, multi-property fund; fund size, $15 million, 300 units available; fundraising deadline, December 31; minimum investment, $50,000; maximum investment, $2,812,500; targeted internal rate of return (IRR), 15 percent; and investor type, accredited investors only.

“The Streamline Investment Group III portfolio will encompass a diverse array of assets demonstrating robust growth, potential, and stability to optimize returns while mitigating risks. These assets will be selected based on rigorous analysis and due diligence to align with the investment strategy and objectives,” said David Hrizak, CEO of The Streamline Companies.

Recognizing the varying financial goals and risk appetites of investors, Streamline has set a minimum investment threshold of $50,000, enabling investors to tailor their participation to individual needs, Hrizak added.

“In the wake of the pandemic-induced challenges faced by Class A office spaces, Class B properties situated in suburban locations have thrived, thanks to their smaller footprints and suite dimensions, appealing to companies looking to rationalize operations, accommodate flexible work arrangements and cut costs,” Hrizak said. “Recognizing this trend, Streamline is committed to selectively acquiring, improving, and managing these coveted office properties that house the small businesses and service professionals of our communities.”

Streamline Capital Group has already made waves in the Arizona market with the acquisition of a two-building complex totaling 38,000 SF, rebranded as The Grand on 44th, in the Arcadia Lite neighborhood. The property underwent nearly $1 million in renovations to modernize the facility and convert vacant spaces into ready-to-move-in suites, sparking interest in the asset.

Streamline Capital Group also acquired an 18,500 SF office building on Power Road in Mesa that was 93 percent occupied at the time of purchase, rebranding as Twelve 34 South Power. The building is primarily occupied by medical and professional tenants.

“In the dynamic realm of commercial real estate, transformation portends success. The Streamline Companies epitomize this ethos through our Streamline process: acquiring and rebranding properties, executing capital enhancements, and refining property management,” Hrizak said.

As a vertically integrated operation, The Streamline Companies oversees all facets of this process through Streamline Capital Group, Streamline Development, and Streamline Asset Management.

For more information about investment opportunities, contact Streamline Capital Group here.

###

Streamline Capital Group also acquired an 18,500 SF office building on Power Road in Mesa that was 93 percent occupied at the time of purchase, rebranding as Twelve 34 South Power.

EHS Restoration expands its staff, names Kendra Vadnal as new Business Development Specialist

EHS Restoration expands its staff, names Kendra Vadnal as new Business Development Specialist

     MESA, ARIZ. (May 15, 2024) – EHS Restoration, Arizona’s leading water damage, fire damage, natural disaster clean up, and mold remediation firm, is proud to announce the hiring of Kendra Vadnal as Business Development Specialist.

Vadnal will be responsible for establishing relationships with clients, onboarding of new clients, business-to-business sales, and marketing. She possesses more than 7 years of experience in customer service roles.

“Kendra is part of the driving force behind our company’s expansion and success. Her strategic vision, tireless dedication, and passion for fostering new opportunities make her an amazing asset to our team,” said EHS President Keith Pomonis.

A native of Texas, Vadnal was raised in California and Arizona. She studied communications at Ottawa University Arizona in Peoria.  Away from the office, Vadnal enjoys spending time with her three dogs and three cats, enjoys the outdoors going on walks, and is an avid reader. She was a competitive gymnast for almost 10 years.

EHS Restoration, which celebrated its 15th anniversary in 2023, is Arizona’s primary restoration company to partner beyond state lines when natural disasters such as hurricanes and wildfires wreak havoc across the country.

Its highly-trained catastrophe response team jumps into action multiple times each year to provide emergency relief to states including California, Florida, Louisiana, Virginia, Oregon, and Texas when they are exposed to substantial fire, water, storm, and ice damage from natural disasters.

Founded in 2008, EHS Restoration embraces a dedicated philanthropic mission as a supportive member of the community. The company as a whole takes part in supporting non-profit and charitable organizations such as the Special Olympics, Habitat for Humanity, St. Jude’s Children’s Research Hospitals, Phoenix Children’s Hospitals, and the Arizona Burn Foundation

ABOUT EHS RESTORATION

EHS Restoration provides a broad range of repair and restoration services throughout the state, including mold removal, commercial services, cleanup, emergency response, and fire/water damage repair. Veteran-owned and operated, EHS Restoration has been Arizona’s top-rated restoration company for five years running. EHS Restoration partners with numerous local and nationwide charities in addition to performing voluntary, pro-bono work for victims of natural disasters. Fully licensed and insured, EHS Restoration is a fully-certified restorative service provider and a preferred vendor for one of the largest insurance companies in the nation. For more information visit ehsrestoration.com.

###