by Peter Madrid | Sep 27, 2023 | News & Updates
SCOTTSDALE, ARIZONA (Sept. 27, 2023) – Harvard Investments, a real estate investment and development company, added another large land acquisition to its portfolio as it continues to grow its footprint within the City of Goodyear with the $22 million purchase of the King Ranch master-planned community.
Harvard Investments closed on the 1,864-acre asset on Sept. 5, purchasing it from Dallas, Texas-based HE Capital KR LLC. HE Capital bought the land in 2008, owning it for 15 years but did not move forward with development.
King Ranch sits along the northwest border of Estrella, one of the Valley’s largest master-planned residential communities, and part of the Harvard Investments portfolio. It is owned in a joint venture with Varde Partners and Toll Brothers Homes. King Ranch is to remain a stand-alone master-planned community and neighbor to Estrella.
As part of the development commitment with Goodyear, Harvard Investments is to pay the City $16.8 million over the course of future development to help offset the City’s outstanding costs incurred under a previous owner to build the Cotton Lane bridge.
“We thank the City of Goodyear for their professional approach as we worked to acquire this property. Purchasing King Ranch was not without complications in terms of complex issues and a short escrow period. Harvard appreciates the clear, timely responses from the City to help move our purchase decision forward,” said Harvard Investments Senior Vice President Tim Brislin.
“Goodyear is a key growth center for our region and Mayor Joe Pizzillo as well as the City Council are dedicated to providing a quality lifestyle, including housing, to Goodyear residents. This is our fourth major development project in Goodyear and we are invigorated to be an important part of the City’s vision,” Brislin said.
Harvard Investments’ presence in Goodyear includes:
> Estrella, a 20,000-acre mixed-use master-planned community, today home to 8,000 families. Sitting within the foothills of the Estrella Mountains, it includes more than 50 parks and 65 miles of paths and trails, 500 acres of open space, and 72 acres of lakes.
> FirstStreet Ballpark Village in Goodyear, a 251-unit, single-family build-to-rent community scheduled to begin leasing in late 2023. Amenities include a resident clubhouse, resort-style pool, fitness center, dog park, additional community parks and planned events. The community is across from Goodyear Ballpark, the spring training facility shared by the Cincinnati Reds and Cleveland Guardians.
> Harvard Investments, in partnership with Lincoln Property Company, is developing Goodyear AirPark, a 7 million-square-foot industrial development on 565 acres adjacent to Phoenix-Goodyear Airport.
“We see King Ranch as a unique master-planned community where we can offer a variety of housing choices, best-in-class amenities, and the opportunity to be part of the City’s El Rio Park plan,” said Harvard Investments Director of Entitlements Amy Weidman. “As an investor and landowner in Goodyear, Harvard Investments is a true development partner in the West Valley. We look forward to continuing our partnership with Goodyear.”
Harvard Investments brings years of development expertise and experience to its latest acquisition.
“The Harvard team shines when thinking through complex challenges to create outstanding communities. We take great pride in harnessing our deep experience to develop places where our residents can come together to create positive experiences for years to come. I’m excited to say planning is underway on King Ranch as we embrace the opportunity to create a new signature master-planned community for the West Valley,” Weidman said.
About Harvard Investments
Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the Western United States. Harvard combines experience, integrity, and financial stability to create high-quality, environmentally sensitive, profitable communities including both large-scale master-planned communities and build-to-rent neighborhoods. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrated its 120th year of continuous family ownership and operation in 2023. To learn more visit harvardinvestments.com.
###
by Peter Madrid | Sep 19, 2023 | News & Updates
PHOENIX, ARIZONA (Sept. 19, 2023) – NAI Horizon led a collaborative effort that helped bring an award-winning experiential marketing agency offering exhibit design and fabrication, innovative engagements, and event measurement programs to the West Valley.
NAI Horizon Managing Director Laurel Lewis, SIOR, and Vice President Dylan Whitwer represented the tenant, Exhibitus, Inc., of Tucker, Georgian, in a long-term lease totaling $2.5 million at Summit Business Park, 13250 W. Cactus Road, in Surprise, Arizona.
Exhibitus will take 42,510 SF of Summit Business Park, which totals 133,904 SF.
“We are excited that Exhibitus is expanding into the Phoenix market. With its headquarters in Atlanta and a full-service facility in Chicago, the new Phoenix location ensures Exhibitus can meet the needs of clients in the West,” Lewis said. “Dylan and I are excited to watch its growth and service in the region. It was a great example of teamwork. Thank you, Samantha Pinkal with the Greater Phoenix Economic Council (GPEC), and Rob Martensen (SIOR, CCIM) and Sam Jones with Colliers.”
The Phoenix location ensures that clients have direct, cost-effective solutions for building, transporting, and storing their exhibition assets, no matter where they are exhibiting in the U.S. Additionally, the expansion increases the company’s fabrication capacity to ensure delivery dates for all clients during busier times of the year.
Exhibitus executes multiple events for clients in Las Vegas, Nevada, annually. With warehousing available in Phoenix, these clients can store and readily reuse their properties. Metro Phoenix is within a day’s drive of other convention cities, including Dallas, Denver, Los Angeles, and San Francisco.
Clients with events in the West will also have direct access to the company’s robust portfolio of rental properties that can captivate an audience without a significant capital expenditure. A ribbon-cutting ceremony with company executives, local clients, and community representatives is planned for mid-October.
“Exhibitus and its leadership have decisively tapped in to the Phoenix market to provide their experiential marketing services to our region,” Whitwer said. “We could not be more thrilled to have worked with this incredible company.”
Martensen and Jones represented the landlord, Cactus Mac 1, LLC.
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.
###
by Peter Madrid | Sep 19, 2023 | News & Updates
GOODYEAR, Ariz. (Sept. 19, 2023) – The Estrella Lakeside Amphitheater and The Golf Club of Estrella are the places to be in the West Valley on Friday, Sept. 29.
In the morning, the Nicklaus Design course in the shadow of the Sierra Estrella Mountain range foothills will play host to the 2023 WESTMARC Golf Classic. Then beginning at 7 p.m., just as the sun is setting, Ballet Arizona’s annual Ballet Under the Stars performances, presented by the Diane and Bruce Halle Foundation, will take the stage at the Lakeside Amphitheater.
Free and open to the public, Ballet Under the Stars is the perfect show for the entire family and a great way to introduce ballet to young people for the first time. These performances promise an evening of fun suitable for all ages. Guests are invited to bring chairs, blankets, and picnics to experience the beauty of dance at the Lakeside Amphitheater, 10300 Estrella Parkway.
The evening features a fully-staged live performance by the professional company dancers of Ballet Arizona, including Juan Gabriel’s “Se Me Olvidó Otra Vez” and George Balanchine’s The Four Temperaments.
Ballet Under the Stars also showcases world premiere performances choreographed by local school students through the Class Act program. Each year, Ballet Arizona’s professional dancers provide a three-week dance training class for students in four different elementary schools across the Valley. Estrella Mountain Elementary School dance students will perform.
“We’re thrilled that two of Estrella’s signature amenities will be in the spotlight,” said Jeff Zimmerman, Director of Entitlements & Development for Estrella. “We’re also honored that these fantastic organizations, WESTMARC and Ballet Arizona, are bringing two of their signature events to Estrella. It’s going to be a great morning and evening.”
Golfers will hit the links at The Golf Club of Estrella, 11800 S. Golf Club Drive, at 8 a.m. A Nicklaus Design golf course and Troon-managed facility, the golf club is located just 30 minutes from downtown Phoenix.
Designed primarily by Jack Nicklaus II, the course flows along the contours of the land, allowing washes and hillsides to remain in a pristine state. Large greens and split-level fairways test a golfer’s decision-making and club selection. Golf Club of Estrella is consistently ranked by Golfweek magazine as one of the Top-20 Public Courses in Arizona.
About Ballet Arizona
Ballet Arizona is dedicated to preserving and celebrating classical dance while creating new and innovative works. Under the artistic direction of internationally acclaimed choreographer Ib Andersen – a former Principal Dancer with The New York City Ballet and The Royal Danish Ballet – Ballet Arizona follows his lead to the future of dance in Arizona. The School of Ballet Arizona promotes access to the art form of ballet through dance education, with a focus on excellence in the form, directing each student to a life-long love of dance. Following this vision, Ballet Arizona connects to more than 22,000 children and families every year through its free and low-cost outreach programs. For more information, visit balletaz.org.
About WESTMARC
WESTMARC — the Western Maricopa Coalition — is a public-private partnership of the 15 communities, the business community and the educational sector in the West Valley. WESTMARC is committed to our members’ success and to our mission of enhancing economic development and promoting quality of life in the West Valley. For more information visit westmarc.org.
About Estrella
Home to 8,000 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, basketball, volleyball, pickleball, tennis courts, and more. Estrella is also home to a Nicklaus Design Championship golf course, The Golf Club of Estrella. For more information about Estrella, please visit estrella.com.
by Peter Madrid | Sep 18, 2023 | News & Updates
PHOENIX, ARIZONA (Sept. 18, 2023) – NAI Horizon represented the landlord in a transaction to help transform a historic building in Downtown Phoenix into a small business incubator and makerspace.
NAI Horizon Executive Vice President Jeffrey Garza Walker, MRED, MBA, represented Chicanos Por La Causa (CPLC) in the $247,000, long-term lease at the CPLC Pickle House Makerspace Business Incubator at 1401 E. Van Buren St., Building B, in Phoenix.
The tenant, Alfredo B. Lopez dba as Core Collective Fitness, will take 3,500 SF of the 15,500 SF building.
The business incubator provides a platform for entrepreneurs from disadvantaged backgrounds to succeed. The renovation project will transform the historic Arnold Pickle House into a small business incubator and makerspace. Built in the 1920s as a family-owned pickle factory, this site sat vacant for years until CPLC purchased it.
The adaptive reuse project will include a business incubator, high-tech tools, and other resources for small businesses, all while retaining the nostalgia and imagery of the historic site.
“NAI Horizon is excited to be a purposeful partner in the redevelopment of an iconic location that will serve the community in fostering the growth of small businesses that are the lifeblood of the economy,” Garza Walker said.
CPLC purchased the Pickle House in 2018 and renovated the building with grant funds from the state to foster more opportunities for small businesses.
Founded in 1969, CPLC serves people of all backgrounds while honoring its Mexican-American roots. It facilitates growth through five areas of impact: health and human services; housing; education; economic development; and advocacy.
Interior of the CPLC Pickle House Makerspace Business Incubator at 1401 E. Van Buren St., in Phoenix.
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.
###
by Peter Madrid | Sep 14, 2023 | News & Updates
PHOENIX, ARIZ. (Sept. 14, 2023) – The office market in Metro Phoenix is experiencing a surge in demand for owner/user deals. In the past six months, approximately 55 percent of all office sales have been sold to an owner/user. The 2-year historical average has hovered around 36 percent, according to CoStar.
These owner/user sale statistics are a macro-representation of the business friendliness within Metro Phoenix. The market continues to see a trend of businesses moving here or expanding to reap the benefits of the Valley’s labor pool, favorable tax structure, and economic benefits, and they often acquire commercial real estate to support their expanding footprint.
A deal in Gilbert, Arizona, closed by NAI Horizon, offers further proof of this continuing narrative.
Senior Vice President Don Morrow and Vice President Dylan Whitwer were entrusted with representing The Commerce Insurance Company, in the $10.58 million owner/user sale of 1555 N. Fiesta Blvd., in Gilbert.
Within six months, the NAI Horizon team was able to open escrow with a qualified buyer, closing the sale shortly thereafter.
The buyer, Graduation Solutions, will occupy the entire second floor of the building, which will serve as its corporate headquarters. Graduation Solutions is a Dropout Recovery Program that has assisted more than 3,000 students in online programs.
As is often the case in the Phoenix market, Graduation Solutions was facing a rapid-growth trajectory and will be expanding from its former 10,100 SF building in East Mesa, to the 29,000 SF second floor. Woodside Homes, the 28th largest homebuilder in the U.S, occupies the first floor of the building. The buyer was represented by Julie Hance with Rick Brandt Real Estate.
“What we’re hearing from our clients is that Phoenix is different,” Morrow said. “The Valley is a prime location for business expansion and attraction with many companies wanting to be here for the talented and deep labor pool, and to serve our rapidly growing population.”
When the building was first listed, it attracted an immediate interest from value-add investors, who would profit by dividing and leasing out the second floor. However, to capture the highest value for the asset, Morrow and Whitwer strategically rebranded the asset as an owner/user opportunity.
Interest quickly picked up and attracted the attention of multiple buyers, which ultimately led to selecting Graduation Solutions.
“Utilizing our personal databases, Real Capital Markets, and other marketing tools, we were able to make over 14,000 individual touch points to qualified owner/users, fellow commercial brokers, and value-add Investors alike, ultimately leading to a successful sale,” Whitwer said.
This sale, along with other recent owner/user sales in the Phoenix market, supports the continued theme that Metro Phoenix and its commercial real estate market present all of the tools necessary for a business to grow and thrive.
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.
###
by Peter Madrid | Sep 12, 2023 | News & Updates
PHOENIX, ARIZONA (Sept. 12, 2023) – NAI Horizon professionals secured long-term leases for tenants including a pool supply company and a counseling firm and represented the landlord in additional long-term leases among their recent deals.
Lease Transactions:
Thomas Bean, CCIM, represented the tenant, ePool Supply, LLC in a 127-month retail/office lease for 15,552 SF at 2710 W. Bell Road, Phoenix, AZ. The landlord, GTT Bell Canyon, LLC, was represented by Cliff Johnston with Kidder Mathews.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, The Weigel Family Legacy Trust, in a 120-month retail lease for 6,620 SF at 3280 Stockton Hill Road, Kingman, AZ. The tenant, WZ Asian Buffet was represented by Ming Chen with MI Real Estate.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the tenant, Family Care Connections, LLC, in a 36-month office lease for 2,136 SF at 3101 N. Central Ave., Phoenix, AZ. The landlord, 3101 N. Central, LLC was represented by Robert Wilder with Boxer Properties (LL).
Thomas Bean, CCIM and Matt Harper, CCIM, represented the landlord, Huntington Square Baceline, LLC, in a 65-month retail lease for 1,115 SF at 3119-3227 S. Mill Ave., Tempe, AZ. The tenant, Players Café, was represented by Kevin Jarand/David Jarand with Avison Young.
Kevin Higgins represented the tenant, North Mountain Counseling, in a 37.5-month office lease for 1,740 SF at 1730 E. Northern Ave., Phoenix, AZ. The landlord, Northpoint Enterprises was self-represented.
Don Morrow and Dylan Whitwer represented both the landlord, Southwest Commercial Property, LLC, and tenant, Endeavor Home Health, in a 39-month office lease for 2,039 SF at 1990 W. Camelback Road, Phoenix, AZ 85015
Lane Neville and Cole Neville represented the tenant, Mark J Quinzi Insurance Agency, Inc., in a 38-month office lease for 1,309 SF at 8687 E. Via de Ventura, Scottsdale, AZ. The landlord, Ventura Management, LLC, was represented by Jason Reddington with LevRose.
Lane Neville and Cole Neville represented the landlord, CPLP 2944 N. 44th, LLC, in a 15-month office lease for 2,154 SF at 2944 N. 44th St., Phoenix, AZ. The tenant, Citizens For Free Enterprise, was self-represented.
Joe Pequeno and Troy Giammarco, represented the landlord, Falcon Corporate Center, LLC, in a 37-month office lease for 900 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Echo 4 Photography, 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.
###
by Peter Madrid | Sep 11, 2023 | News & Updates
PHOENIX, ARIZONA (Sept. 11, 2023) – NAI Horizon represented the tenant, a community bank, in a long-term sublease of office space at Scottsdale Centre in Scottsdale, Arizona.
NAI Horizon First Vice President Joan Krueger represented Republic Bank of Arizona in the $319,345 sublease of Suite 195 at 7373 N. Scottsdale Road. The community bank is taking 3,545 SF.
Scottsdale Centre, a highly-visible office/medical property along Scottsdale Road, is located at the center of Scottsdale and features new common areas, lobbies, and restrooms. The building is also in proximity to casual cafes and high-end restaurants.
“It was a pleasure to assist Republic Bank of Arizona in taking advantage of today’s growing sublease opportunities,” Krueger said. “The Metro Phoenix office market continues to experience record-high sublease availability. The timing was just right and this is a beautiful location for this outstanding community bank.”
According to market research, the available sublease office space in the Metro Phoenix market this summer hit an all-time high of 7.5 MSF.
The two-story office building totals 163,311 SF. It was built in 1984 and renovated in 2019. It features 140 surface parking spaces and 584 covered parking spaces.
Chris Jantz with Kidder Mathews represented the sublessor, First Citizens Bank & Trust Company of Raleigh, North Carolina.
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.
###
by Peter Madrid | Sep 6, 2023 | News & Updates
TEMPE, ARIZ. (Sept. 7, 2023) ‒ When golfers tee off at the Greater Phoenix Chapter of IFMA Annual Charity Golf Classic on Sept. 22 at the Arizona Biltmore Golf Club, it will be more than a spectacular fall day of networking on the links.
Four organizations – Girls Can Build, Lokahi Teams, the IFMA Foundation, and IFMA Student Chapter of Phoenix – will benefit from this year’s sold-out event.
“I am so proud of our Golf Committee, which has supported community charities for more than 20 years,” said MJ Nagarajan Gomathi with Terracon, President of the Greater Phoenix Chapter of IFMA said. “The charity golf event represents not only a delightful opportunity for our members to showcase their golfing prowess but also a powerful way for us to come together in support of our community. By merging our passion for facilities management with our commitment to philanthropy, we aim to make a profound impact that resonates far beyond the golf course.”
A look at each of the beneficiaries:
- Girls Can Build: This Arizona-based initiative is powered by woman-owned Sharp Construction with a mission to break down barriers to women in the industries of construction, design, and engineering. By spearheading and support projects, opportunities and mentorship in these industries, it aims to inspire young women to be “Bold to Build.” Visit Girls Can Build at us.
- Lokahi Teams: This organization emerged out of a pursuit to inspire and support the community through youth athletic programs, both recreational and scholastic. It ensures that every child has the opportunity to participate in as many athletic endeavors as possible. Lokahi Teams lends it support by providing participant fees, equipment, uniforms, and facilities. Visit Lokahi Teams at org.
- IFMA Foundation: The foundation works for the public good in support of facility management higher education, students studying facility management and related fields, research critical to the profession, and increasing awareness of facility management and making facility management a career of choice. For more information visit ifma.org.
- IFMA Student Chapter of Phoenix: Recognizing the significance of fostering the next generation of facility management leaders, the Greater Phoenix Chapter is dedicated to providing guidance, mentorship, and resources to its student members. Through various initiatives, events, and collaborative endeavors, the chapter aims to bridge the gap between academic learning and real-world industry practices, empowering students to thrive in the field of facility management. This partnership not only strengthens the local facility management community but also reinforces a shared commitment to excellence and innovation in the built environment.
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.
###
by Peter Madrid | Sep 5, 2023 | News & Updates
PHOENIX, ARIZONA (Sept., 5, 2023) – NAI Horizon’s Church Realty Solutions practice represented the seller in the disposition of 4.567 acres in North Scottsdale.
NAI Horizon Senior Vice President Thomas Smith represented the Spiritual Assembly of the Baha’i of Scottsdale in the $850,000 sale of the land at 10575 N. 130th St.
“Northeast Scottsdale remains a market with a high demand for land parcels that can be developed for residential projects,” Smith said. “In spite of the challenging city conditions/restrictions imposed on our site, the owners and I never lost the belief that the right buyer would come along and embrace this unique opportunity to construct custom homes under the current zoning in this unique and much sought after community in one of America’s greatest cities.”
There was very strong demand for the site from a variety of user and investor types, Smith adds, but in each case, a general plan amendment and a rezoning would have been required in order to construct any type of project other than a one-to-the-acre single-family residential community or possibly a church campus.
Since COVID impacted many churches extremely negatively over the past 2 ½ years, no church entities ever came forward to seriously consider building a new property even at this ideal location.
“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said. “Although it took two years of constant efforts, we were ultimately able to meet the sellers’ objectives in this land sale.”
The buyer, Leiat LLC of Scottsdale, was represented by Moe Hegazy with Hegazy Realty.
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.
###
by Peter Madrid | Sep 5, 2023 | News & Updates
PHOENIX, ARIZ. (Sept. 5, 2023) – AZCREW has elected the officers and directors that will lead Metro Phoenix’s premier commercial real estate organization in 2024. AZCREW exists to transform the commercial real estate industry by advancing women globally.
The 2024 Board of Directors comprises Jenny Liles, Director Market Operations, CRESA, President; Lynette Dreitz Fort, Partner/Director of Finance & Administration, Cawley Architects, President-Elect; Samantha Pinkal, Vice President, Business Development, Greater Phoenix Economic Council, Past President; Heather Skinner, Real Estate Business Partner, McKesson, The US Oncology Network, Treasurer; and Nicole Solar, Business Consultant, Olsson, Secretary.
Directors for 2024 are Lindsey Brist, Vice President, Senior Energy Innovation Consultant, APS, Chapter Champion Director; Kristen Hernandez, Digital Marketing Manager, RED Development, Communications Director; Jacqi Marth, Director of Business Development, CCS Facility Services, Membership Director; Stephanie Handley, Vice President, Economic Development, Clayco, Programs Director; Serena Wedlich, First Vice President, CBRE, Special Events Director; and Savannah Carbine, Account Manager, Climatec, Sponsorship Director.
“We are excited to welcome these exceptional individuals to our board and committee leadership,” Liles said. “These visionary women bring passion and diverse perspectives that will undoubtedly enhance our ability to serve our AZCREW chapter and contribute to the continued growth and success of our organization.”
AZCREW’s focus remains on providing unparalleled membership value, focusing on quality programming, and leadership development. AZCREW is committed to diversity, equity, and inclusion as evident by its CEO-driven pledge for action in CRE, signed by more than 100 company leaders.
AZCREW’s 2024 strategic initiatives to further its mission include:
- Provide professional development and leadership training
- Cultivate purpose-driven events that will grow the CRE pipeline and leaders in the Valley;
- Create unparalleled business, networking, and deal-making opportunities;
- Elevate member and sponsor achievements and projects organization-wide;
- Continue to advocate and drive change of DEI within the CRE industry;
- Foster connections between business leaders and decision-makers in the market.
“After 18 months of concentrated effort by our Board of Directors to deepen our leadership bench, I’m pleased to share that we received more nominees than we had positions available for next year. We’re so grateful to the overwhelming response from our members,” Pinkal said
“It has been my privilege to witness the growth of our members during their committee and board service over the course of this year. Every single one of them has made an impact on our chapter through their creativity, tenacity, and commitment to our strategy and mission to advance the success of women in commercial real estate. They’ve helped each other grow in more ways than they realize. I hope when they look back on their careers they point to their time in AZCREW as a catalyst to their success.”
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is the premiere business network dedicated to transforming the commercial real estate industry by advancing women globally. Membership offers unparalleled business development, leadership opportunities and networking both locally and globally with over 12,000 professionals in 75+ markets worldwide, representing all disciplines of commercial real estate. Learn more and apply for membership at arizonacrew.org.
###
