by Peter Madrid | Jun 8, 2023 | News & Updates
TEMPE, ARIZ. (June 8, 2023) — When Big-D Construction launched its Heavy Industrial business unit a year ago, it did so with the goal of being a leader in the advanced mining and manufacturing space.
As it celebrates its 1-year anniversary, Big-D Heavy Industrial has flourished with global brand experience and a collective, integrated approach to managing the transition from construction to operations. Its team members have proven to be the best in the business.
“Our commitment to long-term relationships translates to execution of our work, prompt communication, and a daily focus on being a great partner,” said Bryan Allinson, Senior Vice President of Big-D Heavy Industrial.
Joining Allinson on the leadership team is Kyle Sargent, PE, Director of Preconstruction. Sargent earned a bachelor of science degree in civil engineering from Arizona State University and an MBA from Louisiana State University. Allinson holds a bachelor of science degree in construction management from Northern Arizona University.
From site preparation to process plant facilities, Big-D Heavy Industrial offers advanced construction solutions with safety as a priority and a steadfast knowledge of the business. Team members combined have more than 200 years of experience with global brands including Bayer Industries and MP Materials.
In the past year Big-D Heavy Industrial has expanded its industry expertise in wastewater, reclamation, refineries, smelters, leach pads, concentrators, and process plants.
“Success in this complex market requires safe environments, positive interactions, and experienced professionals,” Allinson said. “Big-D Heavy Industrial has displayed great prowess in those areas over the past 12 months. It’s been a great first year.”
ABOUT BIG-D CONSTRUCTION – HEAVY INDUSTRIAL
Located in Tempe, Arizona, Big-D Construction – Heavy Industrial was established in 2022 and is part of the Big-D family of companies, one of the largest leading group of contractors in the United States. For more than 50 years, Big-D remains on a mission to be the most sought-after construction company in the business. Focusing on the company’s core values – Respect, People, and Truth – all Big-D regional offices work to enrich the lives of customers, consultants, employees, and its community. For more information, please visit big-d.com.
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by Peter Madrid | Jun 6, 2023 | News & Updates
PHOENIX, ARIZONA (June 6, 2023) – A successful “soft” launch of Simple Machine Brewing Company at the Gaslight Building in Downtown Glendale is opening the door for retail and residential leasing at the historic site.
Last year, NAI Horizon Managing Director | Retail, Matt Harper, CCIM, represented the landlord in a retail lease with Simple Machine Brewing Company at the Gaslight Building, 5743-5745 W. Glendale Ave., in Glendale, Arizona. Harper is also handling leasing for the newly opened retail space.
With suite sizes ranging from 630 SF to 3,510 SF, Harper said there are two spaces – the Grand Suite and the Boutique Suite – whose configurations include 630 SF, 2,880 SF, or 3,510 SF.
“With an outdoor patio as an added amenity, these are ideal spaces for restaurant tenants or similar,” Harper said. “Minimal tenant improvements are needed.”
The suites feature a gorgeous storefront with red brick, giant display windows, and historical exterior pendant light fixtures. Interior amenities include tall pressed-tin ceilings, kitchen, bar, walk-in cooler, and a sprinkler system. There is plenty of free public parking.
“From Day 1 of this new establishment being planned for Downtown Glendale, there has been the desire to have a new restaurant go in as a neighbor,” said Marshall Norris, owner of Simple Machine Brewing Company. “We’re thrilled and excited to work with Matt and his team at NAI Horizon. He has a great track record attracting great retail tenants to ‘cool’ spaces around the West Valley.”
Downtown Glendale attracts more than 1.6 million yearly visitors with its more than 150 unique and independently owned shops, boutiques, restaurants, and services. The property is centrally located in the heart of Downtown Glendale, adjacent to the $70 million renovation of Glendale City Hall, Murphy Park, and an outdoor concert venue.
Simple Machine Brewing Company had a “soft opening” in May. The official grand opening is scheduled for Father’s Day weekend, June 16-18. There will be live music each day, food from local restaurants, special food pop-ups, and Simple Machine Brewing Company will have some special beer releases.
The Gaslight Lofts are now available to lease (residential leasing is being handled by Faith Vance and Eric Herrmann of 3rd Base Realty Group). The lofts include three, one-bedroom units, and eight studio apartments. Modern amenities with historic features include kitchenettes with stainless appliances, quartz countertops, elevator service, pressed-tin ceilings, wood floors, and feature lighting.
For retail leasing information, please contact Harper at (623) 692-9435.
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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jun 6, 2023 | News & Updates
PHOENIX, ARIZONA (June 6, 2023) – Recent deals closed by NAI Horizon professional deals spanned the Southwest and the state of Arizona to the tune of more than $19 million. They included an RV resort in Utah, land in Eloy, and a flex building in Phoenix.
Sale Transactions:
Andrew Warner negotiated the purchase of Zion River RV Resort for $17.68 million, representing the buyer, Haley Harrison Hospitality, LLC. The property is located at 551 UT-9, Virgin, Utah. Warner was assisted by Jason Griffith with NAI Excel. The seller was Zion RV Park, LLC, of Sacramento, California.
Matt Harper, CCIM, negotiated the sale of a flex building for $1.15 million, representing the buyer, Harris Investment Holdings, LLC. The property is located at 3141 W. Clarendon Ave., Phoenix, AZ. The seller, Good Star Investments, LLC, was represented by Chad Shipley with SVN Desert Commercial Advisors.
John Filli negotiated the sale of 5 acres for $140,000, representing both the seller, Robert & Darlene Burris and buyer, Alphan Atay. The land is located at 4600 N. Sunland Gin Road, Eloy, AZ.
John Filli negotiated the sale of 5 acres for $75,000, representing both the seller, Kraft Family Trust and buyer, Alphan Atay. The land is located at 4640,4620 & 4610 N. Sunland Road, Eloy, AZ.
Lease Transactions:
Gabe Ortega, Chris Gerow and Shelby Tworek represented the landlord, CP6MF, LLC, in a 120-month retail lease for 1,378 SF at 1840 E. Warner Road, Tempe, AZ. The tenant, Robeks Fresh Juices & Smoothies, was represented by Matt Milinovich with Avison Young.
Michael Myrick, CCIM, MRED, represented the landlord, Lalani Family Trust, in a 120-month medical lease for 2,867 SF at 9500 E. Ironwood Square Drive, Scottsdale, AZ. The tenant, Elite Body Sculpture was represented by Jeff Shehan with Site Selection Group.
Matt Harper, CCIM, represented the landlord, Nekho 1, LLC, in a 60-month retail lease for 6,162 SF at 2434 E. Thomas Road, Phoenix, AZ. The tenant, AG Group Partners, LLC, was self-represented.
Dylan Whitwer and Don Morrow represented the tenant, Lincare, Inc., in a 60-month office lease for 3,384 SF at 7225 N. 110th Ave., Glendale, AZ. The landlord, Valor Desert Cove, LLC, was represented by Jonathan Teeter with CBRE.
Joe Pequeno and Troy Giammarco represented the landlord, Anthony J. Rossetti, in a 38-month office lease for 2,000 SF at 3120 N. 19th Ave., Phoenix, AZ. The tenant, Archie Wellness Inc., was represented by Murray Clarkson with Commercial Properties, Inc.
Thomas Bean, CCIM, Don Morrow and Dylan Whitwer represented the landlord, Tempe CC, LLC, in a 36-month office lease for 2,604 SF at 4515 S. McClintock Drive, Tempe, AZ. The tenant, The Healing Chamber, LLC, was self-represented.
Don Morrow, Dylan Whitwer and Mike Myrick, CCIM, MRED, represented the landlord, Arcadia Management, in a 36-month office lease for 1,818 SF at 401 W. Baseline Road, AZ. The tenant, JB Taxes & Multiservices, LLC, was represented by Jose Luna with Exzel Realty.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC in a 37-month office lease for 1,519 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Alphatech Computer Solutions, LLC, was represented by Scott McGill with MCG Commercial Real Estate.
Matt Harper, CCIM, represented the landlord, MAZ Northern Plaza, LLC, in a 66-month retail lease for 800 SF at 5008 W. Northern Ave., Glendale, AZ. The tenant, Fabio S. Figueredo Garrido and Yamily Haber Figueredo were self-represented.
Dylan Whitwer and Don Morrow represented the tenant, Better Every Day, LLC, in a 36-month office lease for 1,415 SF at 1837 S. Mesa Drive, Mesa, AZ. The landlord, 1837 Property, LLC, was represented by Jonathan Rigau with Terrafirma Commercial Real Estate.
Matt Harper, CCIM, represented the landlord, Yee Legacy II, LLC, in a 36-month retail lease for 576 SF at 18914 E. San Tan Blvd., Queen Creek AZ. The tenant, Cyclone Door Service, was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 529 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Michael Mikulak, Jr. was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 16½-month office lease for 258 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, LLC, was self-represented.
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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | May 25, 2023 | News & Updates
TEMPE, ARIZ. (May 25, 2023) ‒ The Greater Phoenix Chapter of IFMA, the world’s largest and most widely recognized international association for facility management professionals, has had a particularly busy month of May that includes the election of new officers and members celebrating World Facilities Management Day.
Monisa (MJ) Nagarajan Gomathi, CFM, FMP, SFP, FMG, Facilities Project Manager with Terracon, was elected to her first term as President.
Other officers: Stephanie Jones, Allied Universal, first term, Vice President of Communication and Community; Kathy Keating-Losinske, Lungaretti Flooring Solutions, second term, Vice President of Special Events; Nick Kramer, Climatec, first term, Vice President of Professional Development; and David Ramirez, APS, first term, Vice President of Membership Engagement. Jacob Kashiwagi, KSM, Inc., was elected to his third term as Secretary/Treasurer. Vice presidents can serve two consecutive two-year terms.
“I am deeply grateful and humbled by the trust bestowed upon me as the new President of IFMA Phoenix Chapter. I extend my heartfelt appreciation to each and every member for their unwavering support and belief in my abilities. I stand here today, committed to carrying forward the legacy and hard work of past presidents like Marshall MacFarlane, and I am excited to lead our chapter into a future filled with growth, collaboration, and success,” Gomathi said.
IFMA chapter members also celebrated World Facilities Management Day on May 10. Activities included Ted Ritter, IFMA Fellow and Principal, Lead Management Institute, participating in a podcast with two other global leaders on how facilities management makes a difference.
“Whenever you depart a role like this, you feel there are some things undone and other things you wish you’d have done differently,” said Marshall MacFarlane, C3 Engineering, who served out his second term as Chapter President. “My term as President was more challenging than I anticipated, and more rewarding than anticipated. I’m proud of how we navigated the post-COVID years as a chapter and the things we have improved on.
“I’m excited to see what MJ accomplishes during her term as President; there are a lot of exciting things happening for the chapter. I am very grateful for the work and the support of our board and membership, and the extraordinary efforts of Kathleen Severson our Chapter Administrator. Finally, my eyes were opened to the vitality and enthusiasm of our Student Chapter members. I hope with sincerity that our efforts with the Arizona Government Facilities Alliance and the Young Professionals groups continue to pay dividends. I look forward to continuing to contribute to such an amazing organization.”
A hallmark of the IFMA Greater Phoenix Chapter is the education programs it offers its members. This includes the knowledge-based Facility Management Professional (FMP) credential that helps members accelerate their transition into the profession and the Sustainable Facility Professional (SFP) credential that helps facility managers make data-driven decisions and understand sustainable best practices.
“Our Education Committee recognizes that as facilities professionals it is critical that we continually sharpen our skills through professional development. With this in mind, we will continue to provide programs and training opportunities to help you enhance member skills and awareness in preparation for the challenges their jobs provide today and, in the future,” Gomathi said.
IFMA Greater Phoenix also boasts a robust student chapter. It offers internships and scholarships to future facility management professionals. Community outreach efforts include an annual charity golf tournament and working with Valley non-profits such as “Feed Our Friends.”
Patrick Okamura Education Scholarship
With the generosity of IFMA Fellow Patrick Okamura, the chapter is providing an opportunity to all individuals seeking financial support to advance their education credentials through the Patrick Okamura Education Scholarship.
Patrick Okamura and the IFMA Greater Phoenix Chapter understand the rigors of sustaining the financial burden while maintaining an efficient professional career. Through this scholarship, the chapter hopes to provide one valued individual who is enthusiastic in learning and looking for a way to climb higher.
The scholarship type is continuing education, education credentials, and career oriented/student. Applicants who are currently employed with a company or pursuing a degree with one or more focuses on facility management or related fields are encouraged to complete and submit the application.
The scholarship amount is $800 and goes towards a chapter credential series or workshop. The scholarship is open to professionals and students currently in facility management or related field with demonstrated interest in advancing their educational degree; and to any professional and associate member of IFMA Greater Phoenix Chapters and IFMA Student Chapter. Application deadline is June 15.
To apply visit this link.
About IFMA
Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs and produces World Workplace, the world’s largest facility management conference and exposition.
The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to continuous improvement of the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.
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by Peter Madrid | May 24, 2023 | News & Updates
PHOENIX, ARIZONA (May 24, 2023) – The sale of an office building in Oro Valley, Arizona, and the sales of two retail properties in Phoenix highlight recent deals closed by NAI Horizon professionals. The three deals totaled $6 million.
Sale Transactions:
Michael Gaida negotiated the sale of a 26,664 SF office building for $4.5 million representing the seller, Oro Valley Holdings, LLC. The property is located at 1119 E. Rancho Vistoso Blvd., Oro Valley, AZ. The buyer, Sun City Oro Valley Community Association was self-represented.
Matt Harper, CCIM, negotiated the sale of an 8,149 SF retail building for $1.1 million representing the seller, Richard H. Ong. The property is located at 4334-4344 N. 7th Ave., Phoenix, AZ. The buyer, Melrose Cooperative, LLC, was represented by Dallin Pace with J & J Commercial Properties.arH
Matt Harper, CCIM, negotiated the sale of a 1,482 SF retail building for
$400,000 representing the seller, Jose Castorena. The property is located at 1813 & 1815 W. Indian School Road, Phoenix, AZ. The buyer, Glamour Moderno Beauty Salon, LLC, was represented by Belinda W. Li with My Home Group.
Lease Transactions:
Isy Sonabend and Drew Eisen represented the tenant, The Chef’s Warehouse West Coast, LLC, in a 123-month industrial lease for 46,339 SF at 3717 W. Washington, Phoenix, AZ. The landlord, CPT Condor Washington, LLC, was represented by Phil Haenel with Cushman & Wakefield.
Thomas Bean, CCIM, represented the tenant, Salt Dental Collective, in a 92-month office lease for 7,615 SF at 3200 E. Camelback Road, Phoenix, AZ. The landlord, 3200 East Camelback Road, LP, was represented by Ryan Timpani/Brett Thompson with JLL.
Matt Harper, CCIM, represented the landlord, HBR Properties, LLC, in a 37-month retail lease for 1,440 SF at 3825 N. 75th Ave., Phoenix, AZ. The tenant, Rosy’s Tuxedos, LLC, was self-represented.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in a 63-month retail lease for 1,200 SF at 5870 W. Thunderbird Road, Glendale, AZ. The tenant, Sheitelman Medical, LLC, was self-represented.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 24-month office lease for 1,224 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Greenstone, was represented by Keith Lammersen with JLL.
Matt Harper, CCIM, represented the landlord, Caspian Corporation, in a 12-month office lease for 1,600 SF at 114 W. Camelback Road, Phoenix, AZ. The tenant, EZ Title & Registration, Inc., was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 24-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Cactus Plumbing and Air, LLC, was self-represented.
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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | May 23, 2023 | News & Updates
MESA, ARIZONA (May 23, 2023) – Upfront Planning & Entitlements, Inc., a woman-owned firm that provides consulting services to both public and private sector clients, recently received favorable recommendations from the City of Phoenix North Mountain Village and Planning Commission for a rezoning approval for Lock Safe Storage facility at the SWC of Cactus Road and 49th Drive in Phoenix.
It is proposed to go before Phoenix City Council in June for final review.
“This site has been a difficult location for years to find a use and design which addresses neighbors’ concerns and secures the area,” said Jessica Sarkissian, AICP, LEED AP, founder and owner of Upfront Planning & Entitlements. “The project team met frequently with neighbors and addressed those earlier past concerns and was able to achieve community support for the project.”
The approximately 3-acre site will provide up to a three-story indoor self-storage facility with a few outdoor spaces for boats or RVs in the rear. The building is proposed at more than 108,000 SF and includes office space facing Cactus Road and the canal area to open to pedestrians and create an inviting and safe space to provide self-storage services to the local community.
The site layout and elevations were designed by Owner/Architect Nicole Posten-Thompson with On Point Architecture of Mesa, Arizona.
About Upfront Planning & Entitlements
Based in Mesa, Arizona, and founded in 2019 by Jessica Sarkissian, AICP, LEED AP, Upfront Planning & Entitlements is a woman-owned firm that provides consulting services to both public and private sector clients. Its diverse project background includes expertise in commercial, residential, and industrial sectors. It boasts a wide municipal understanding within the state, buoyed by its technical design knowledge. Sarkissian possesses more than 20 years of experience in Arizona as a land-planning specialist. For more information visit upfrontplanning.com.
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by Peter Madrid | May 16, 2023 | News & Updates
MESA, ARIZONA (May 16, 2023) – Upfront Planning & Entitlements, Inc., a woman-owned firm that provides consulting services to both public and private sector clients, is celebrating its latest achievement – the successful adoption of the Yavapai County Comprehensive Plan 2032.
Upfront Planning employees celebrated with the Comprehensive Plan Committee, Development Services Department staff, and citizens as the Board of Supervisors approved the Yavapai County Comprehensive Plan 2032 in March.
Since 2021, Upfront Planning has been working alongside the Yavapai County team, Comprehensive Plan Advisory Committee (CPAC), and citizens to make this Comprehensive Plan as up-to-date and forward-thinking as possible.
“The Comprehensive Plan is a living document that will be utilized to implement the vision of the county and its citizens through future improvements, growth, and development,” said Jessica Sarkissian, AICP, LEED AP, founder and owner of Upfront Planning & Entitlements.
Throughout the process, the team kept equity at the forefront to make sure all residents in the county were represented. With a county bigger than the state of New Jersey and a population of 246,191 (an average of 21 residents per square mile), serious public outreach and boots on the ground were required to ensure all areas were visited and represented.
The Comprehensive Plan outreach team participated in more than 45 in-person outreach meetings and traveled more than 2,500 miles focusing on public outreach. A total of 14 open houses in libraries and town halls in all areas of the county including rural communities insured the document was a well representation.
“This type of in-person specialized meetings was the most rewarding and provided our team with the best information possible helping us to better provide a document that provided information and goals aiding the entire county,” Sarkisian said.
This outreach and thorough detail into the 2032 update was rewarded as the Yavapai Board of Supervisors approved the plan unanimously on March 1.
About Upfront Planning & Entitlements
Based in Mesa, Arizona, and founded in 2019 by Jessica Sarkissian, AICP, LEED AP, Upfront Planning & Entitlements is a woman-owned firm that provides consulting services to both public and private sector clients. Its diverse project background includes expertise in commercial, residential, and industrial sectors. It boasts a wide municipal understanding within the state, buoyed by its technical design knowledge. Sarkissian possesses more than 20 years of experience in Arizona as a land-planning specialist. For more information visit upfrontplanning.com.
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by Peter Madrid | May 15, 2023 | News & Updates
PHOENIX, ARIZ. (May 15, 2023) – Ivan Guzman had leased his commercial auto body shop space for nearly 10 years – until he was notified that a group of investors purchased the property.
Guzman’s family has been in this industry for three generations. Redline Quality Cars opened in that location when he was 22 years old. Their lease agreement had expired and was month-to-month. The amount of space was no longer suitable either. Guzman had to make a big decision about the future of his business.
Not only did he have to think about whether to stay or move, but also about whether to continue leasing or take the next step and purchase property for his business.
“It was not easy,” Guzman said. “My family and I came together and decided to pursue purchasing commercial real estate, rather than sign a new lease with a new landlord. My grandfather had a body shop that he ran for many years. My father continued the legacy. And now it’s me, hoping to take it to another level by purchasing our own building.”
To move his business forward, Guzman not only needed to find a new location — but he also needed to find the right lender to help.
Guzman and his bank were referred to Belinda Rosthenhausler, vice president and commercial lender for CDC Small Business Finance in Arizona and Nevada. The mission-driven organization, headquartered in California with an office in Phoenix, specializes in SBA 504 commercial real estate loans and is the No. 1 SBA 504 lender in the country.
The SBA 504 commercial real estate loan is often the preferred financing product for small business owners looking to purchase real estate for their business. Entrepreneurs can obtain long-term, fixed-rate financing for a variety of projects. Whether a business owner is buying a warehouse to help expand their business or looking to shift from leasing to ownership, the 504 loan is a valuable option and smart addition to their business strategy.
“We are here to help small business operators with reaching their goal of real estate ownership,” Rosthenhausler said. “SBA 504 loans are the program that makes the most sense when a business owner is considering purchasing commercial real estate.”
Guzman was able to have a 10 percent down payment through the SBA 504 loan program rather than the minimum of 25 percent that would have been required from traditional lending sources. His preparation for the borrowing process was key.
“Ivan provided the tax returns and financials required for an SBA loan request, and I worked with his CPA compiling the information needed. Business owners should have a good bookkeeper or CPA providing financials throughout the year,” Rosthenhausler said. “We recommend prequalifying before entering a purchase contract, since timing is tight and inventory remains low. Sellers want to see that a buyer has secured financing prior to executing a purchase contract. Ivan was prepared for the loan request, and his CPA had everything in order.”
Over the past several years, Redline Quality Cars had seen increased business thanks to several new accounts with local auto dealerships, as well as referrals from insurance companies. But business operations had hit maximum capacity due to the size of their building; they’d been forced to turn away some customers.
The change in building ownership provided Guzman and his family with the extra nudge they needed. Redline Quality Cars has moved from renting a
4,000 SF space into owning its new, 6,000 SF home on 7829 N. 68th Ave., in Glendale, giving it much more room to work on and store vehicles that are being repaired. That includes installing a paint booth, an essential tool for repairing vehicles that have been damaged in collisions.
“Belinda and her team were great in assisting us through the loan process,” Guzman said. “They helped us with the building purchase, plus improvements and equipment needed.”
Guzman was able to retain four full-time equivalent positions and, with more room now to help more customers, said he can add another three positions over the next two years.
“This has to be one of the most fulfilling accomplishments that I have experienced in my 31 years,” Guzman said. “My family, co-workers, and friends were all very proud of what had just taken place. We had not thought about purchasing in the past, but the thought of closing the shop because we didn’t have a new location was out of the picture.
“My whole life has been related to my field of work and has defined me,” he added. “I know what it takes to be a master technician, and now I know what it takes to own a more functional building.”
The SBA 504 loan structure continues to be in high demand, despite rising interest rates. The 25-year fixed interest rate option provides a controlled budget for business owners who are seeing lease rates continue to climb.
CDC Small Business Finance continues to be an economic development leader as an SBA 504 lender, with 26 loans in the Arizona district totaling $18.56 million for the period from October 2022 through March 2023.
Among the businesses Rosthenhausler and her colleagues have supported are a company that provides physical therapy, occupational therapy, and speech therapy to elderly patients; an artificial turf installation company; and a corporate audit services firm.
For more information about CDC Small Business Finance, visit cdcloans.com/locations/arizona.
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About CDC Small Business Finance
CDC Small Business Finance is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. The nation’s leading mission-based small business lender CDC delivers small business and commercial real estate loans paired with small business owner assistance to bolster entrepreneurship, economic development, and job creation.
CDC offers numerous financing products including the Small Business Administration (SBA) 504 commercial real estate loans; SBA Community Advantage working capital loans; and the SBA Microloan. We also offer non-SBA products to provide more equitable access to credit for those who are unable to qualify for traditional financing. CDC also provides free business advice to support both potential borrowers to get loan-ready as well as to help existing small business borrowers grow and expand their businesses.
CDC is now part of the Momentus Capital family of organizations, including Capital Impact Partners and Ventures Lending Technologies. Together, we offer a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training, and business advising programs, and technology services that advance locally-led solutions.
Since 1978, CDC has provided more than $21.3 billion in funding to 12,000 borrowers and helped create and preserve over 214,000 jobs. Learn more at cdcloans.com and momentuscap.org.
by Peter Madrid | May 10, 2023 | News & Updates
PHOENIX, ARIZ. (May 11, 2023) – NAI Horizon Managing Director Laurel Lewis has earned the SIOR office designation awarded by the Society of Industrial and Office REALTORS®.
SIOR is the world’s premier commercial real estate organization for industrial and office professionals. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR designation, to which there are 3,700 members in 722 cities and 45 countries.
SIOR represents today’s most knowledgeable, experienced, and trusted commercial real estate brokerage specialists, and these individuals are proven experts in their market and leaders in the industry.
SIOR is a Washington, D.C.-based international professional organization of more than 3,200 commercial real estate professionals who have earned the coveted SIOR designation.
To achieve the SIOR designation, Lewis completed at least 5 years of creditable experience in the highly specialized field of office real estate; met stringent education requirements; and demonstrated professional ability, competency, ethical conduct, and personal integrity. SIOR enforces a strict code of ethics and required designees to complete its ethics course within their first three years of membership.
Lewis, who joined NAI Horizon in 2010, is focused on the representation of both landlords and tenants through the sale and leasing of multi-tenant office properties and owner-user buildings throughout Metro Phoenix. She has facilitated more than $180 million of commercial real estate transactions and has sold more than $100 million of office properties.
“I am eager to connect with other global SIOR professionals and thought leaders,” Lewis said. “Designees have been vetted to meet standards of excellence and honesty, thus serving our clients in the best way possible.”
Lewis was named to AZRE magazine’s 2023 People to Know in Commercial Real Estate and 2018 Most Influential Women in Commercial Real Estate. She is a force both in the field and in the community. Her expertise in office properties is consistently recognized at NAI Horizon and in the Metro Phoenix commercial real estate community. She was NAI Horizon’s 2019 Top Producer and consistently ranks on that prestigious list. She was the No. 3 Top Producer of 2022.
She is a member of, AZCREW, NAI Global Women’s Alliance, Valley Partnership, ULI Arizona, and serves on the DEI and WLI committees of ULI. She currently is a volunteer with Andre House, a Phoenix non-profit that provides for the unsheltered.
About SIOR
The Society of Industrial and Office Realtors ® (SIOR) is the leading society for industrial and office real estate professionals. Individuals who earn their SIOR designation adhere to the highest levels of accountability and ethical standards. Only the industry’s top professionals qualify for the SIOR designation. Today, there are more than 3,700 SIOR members in 722 cities and 45 countries. www.sior.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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | May 10, 2023 | News & Updates
PHOENIX, ARIZ. (May 10, 2023) – The Arizona Association for Economic Development (AAED) announced the results of its State of Arizona Economic Development survey at its recent spring conference in Tucson. AAED surveyed its membership of more than 500 economic development practitioners and those that provide goods and services from the private sector.
With the economy on everyone’s mind, the survey showed that economic developers are an optimistic group and 46 percent expect strong growth to continue in 2023. Just 6 percent expect an economic downturn and the remainder expect slower growth or little change (no growth).
In contrast, 40 percent of service providers expect weakening growth in 2023, another 40 percent expect little change (but not a recession) and just 17 percent expect strong growth.
It was the second year for the survey taken to better understand current trends in economic development and the relationships between practitioners and service providers who are AAED members. Out of the 120 respondents, 88 were practitioners, and 32 were providers. This representative sample mirrors the makeup of the AAED membership. There was strong representation of practitioners from both urban and rural parts of Arizona.
Key takeaways from the survey:
- Providers are concerned about permitting, regulations, and water resources;
- Economic developers are concerned about the lack of available commercial and industrial buildings, and housing affordability and availability;
- Talent is an important challenge to both practitioners and providers, but especially for providers;
- Economic developers must continue to monitor and address workforce challenges and engage with partner organizations;
- As an organization, AAED needs to be responsive to changes in local and state policy.
“It is vitally important AAED understands the concerns of the private and public sectors and how, as an organization, we can be responsive to those concerns,” said AAED Executive Director Carrie Kelly AAED. “Over the next year, monitoring and addressing workforce challenges, tackling housing affordability and availability, and being proactively involved in economic development policy and regulations is critical to the future success of our state.”
When asked about budgets, 41 percent of practitioners saw no change in their budgets. For the remaining 59 percent of practitioners, 29 percent had slight budget increases of 0 to 10 percent in the past year, and 24 percent had increases of more than 10 percent. Only 13 percent of practitioners overall had budget decreases in the past year, but decreases were more common in medium-sized communities (50,000 to 250,000 population).
For practitioners who modified their strategic plan in the past year, there was a greater focus on housing, entrepreneurship and small business development, and workforce training across all respondents. Looking at responses by service area size, small (less than 50,000) and medium communities (50,000 to 250,000) were more likely to focus on business retention, housing, and quality-of-life enhancements. Large communities are focused on entrepreneurship and small business development, workforce training, and emerging industries.
Practitioners are working to increase economic opportunity in their communities. The top responses in terms of approaches include providing resources for entrepreneurs, offering grants, mentoring programs, and assistance with loan applications. Practitioners also reported that they partner with chambers of commerce, community colleges, workforce development organizations, regional EDOs, and non-profits to enhance their economic development efforts.
Primary challenges for economic development in small communities include housing affordability and availability as well as a lack of available commercial and industrial buildings. Answers were similar for medium-sized communities which were also concerned about talent. Large communities are challenged by housing affordability, talent, building availability, and NIMBYism.
Among the 32 providers that completed the survey, 40 percent work for architecture and engineering firms, 10 percent work in the construction industry, and the remainder are spread across a range of other industries like consulting, education, and non-profits.
The survey shows they support economic development by providing leads and industry expertise to economic developers, and many also viewed economic developers as their customers. Some also view their role as helping to develop and maintain infrastructure to support economic development.
In terms of how economic developers benefit service providers, they provide data and information, leads, and industry expertise. Close to 60 percent of service providers also reported that economic developers are their customers.
Challenges identified by practitioners include skilled labor/talent as No. 1 (same as No. 1 overall for practitioners), housing affordability (a concern shared by economic developers), and also complicated permitting process and regulations.
The 2023 survey committee included Kristen Stephenson, Greater Phoenix Economic Council; Sarah Murley, Applied Economics; Jennifer Graves, Town of Gilbert; Tami Ursenbach, Mohave County; and Ryan Jones, Regional Economic Development Center at Yavapai College.
“Talent attraction continues to be a key competitive factor in economic development in Arizona, and throughout the country,” Murley with Applied Economics said. “Arizona has benefitted from a high level of in-migration in recent years that have bolstered the labor force, but this year’s AAED survey also highlights the strong connection between workforce attraction and housing affordability in this rapid growth environment.”
About AAED
The Arizona Association for Economic Development (AAED) was founded in 1974 with a mission to serve as Arizona’s unified voice for responsible economic development through professional education, public policy, and collaboration. The Association works to promote economic development in the State of Arizona through an exchange of information and educational opportunities among its members, to act as a liaison with outside groups, to influence legislation affecting economic development, and to empower members to create relationships to improve the economic outlook for Arizona. For more information on AAED, visit aaed.com or call (602) 240-2233.
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