CCIM Central Arizona chapter offering four scholarships towards getting designation

CCIM Central Arizona chapter offering four scholarships towards getting designation

     PHOENIX, ARIZONA (October 9, 2019) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering four scholarships for classes in 2020 that lead toward getting the CCIM designation.

The 2020 scholarship programs include:

  •  Two CI 101 full scholarships;
  • The Tim Hatlestad CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104);
  • The David S. Miller, CCIM Endowed Scholarship, $1,000 value (CI 102, 103 or 104).

Applications are submitted directly to the individual’s local CCIM chapter through their website at https://centralazccimchapter.com/Scholarships. Incomplete or late applications will not be accepted. Deadline for submission is Nov. 4.

      Letters will be sent on or before Dec. 1 notifying those selected. Once accepted, recipients can register for their selected course. CCIM will make every effort to enroll recipients in their first choice. If this is not available, staff will contact recipient for an alternate course. Recipients are responsible for making their own travel arrangements.

     Scholarship award reminder: Scholarship recipients will be responsible for reimbursing the chapter for the full cost of a failed course; failing the course renders the scholarship null and void.

    The course selected can only be taken in 2020. The scholarship cannot be applied retroactively to any course already taken; the award is not redeemable for cash.

To earn the prestigious Certified Commercial Investment Member (CCIM) designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.

Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

Please contact Tiffany Miner at centralaz@ccim.net for any questions.

Learn more about CCIM Central Arizona Chapter: centralazccimchapter.com.

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About CCIM Institute

 CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision and success for an asset, taught by instructors who are themselves industry leaders.

 

Today, the organization, through its 50 chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin— real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies.

 

In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.

 

 

AZCREW presents annual Black & White Affair Oct. 30 to benefit ASU’s MRED program

AZCREW presents annual Black & White Affair Oct. 30 to benefit ASU’s MRED program

PHOENIX, ARIZ. (October 7, 2019) – Benefiting its “MRED Dollars for Scholars” program, AZCREW is hosting its annual Black & White Affair on Wednesday, Oct. 30, at the new Transwestern office at the Esplanade, 2501 E. Camelback, Suite 1, in Phoenix.

AZCREW is the leading organization for senior-level executive women in the Metro Phoenix real estate field.

The event is from 5:30 to 8:30 p.m. It will feature tasting tables of local restaurants, specialty drinks, entertainment and a silent auction.

Ticket prices are $65 for members; $75 for non-members and members at the door; $500 for 10 tickets; and $20 for Arizona State University MRED students and faculty. Register here.

Over the past 8 years AZCREW has supported Arizona State University’s MRED students by awarding scholarships totaling nearly $50,000.

“We are fortunate to welcome many of these graduates into our AZCREW Network, and into our respective organizations thanks to this continued collaboration with ASU,” said Lisa Tinnion of Corporate Interior Systems, AZCREW Public Relations/Outreach Committee Co-Chairwoman.

In nine months, the transdisciplinary W. P. Carey Master of Real Estate Development (MRED) program prepares students to lead real estate development projects that are environmentally respectful, socially responsible, and artfully designed. Small class sizes provide opportunities for peer interaction and a number of synthesis projects cover the entire spectrum of development, preparing you for roles throughout the industry.

The MRED program is a transdisciplinary partnership between four highly regarded schools within ASU:

  • The W. P. Carey School of Business;
  • The Sandra Day O’Connor College of Law;
  • The Herberger Institute for Design and the Arts;
  • The Del E. Webb School of Construction.

 

 

 

 

 

       

 

 

NAI Horizon negotiates $1.3M long-term lease for Valley wood product company Surprise

NAI Horizon negotiates $1.3M long-term lease for Valley wood product company Surprise

PHOENIX, ARIZONA (October 3, 2019) – NAI Horizon represented the tenant in a long-term lease for the manufacturer of wooden doors and related products at West Valley Logistics Center, 12000 N. 132nd Ave., in Surprise, Arizona.

NAI Horizon Senior Vice President Isy Sonabend represented Pima Door & Supply, Inc., of Surprise, in the lease totaling $1.326 million. The tenant will occupy 47,315 SF of the logistics center that totals 418,651 SF.

Pima Door & Supply, Inc. was founded in 1987 and has provided quality service and materials to both contractors and builders in the Valley. It sells doors, windows, jambs, trim products and door hardware.

“Pima Door & Supply is upgrading its manufacturing plant as its sales continue on an upward trajectory,” Sonabend said. “The efficiencies built into this location will enable Pima Door & Supply to boost production while delivering the quality products as they have for more than 30 years.”

Built in 2013, West Valley Logistics Center has 32-foot clear height, 38 dock high doors and four ramp-to-grade doors. It features ESFR sprinklers, skylights and full concrete truck courts. It has trailer parking and easy access to Loop 303 via a full diamond interchange at Cactus Road.

The landlord, Mazal Realty ADA Compliant LP of Westmount, Quebec, Canada, was represented by Bill Honsaker of JLL.

Gloria Feldt, thought leader, best-selling author is 2019 AZCREW Woman Icon Speaker

Gloria Feldt, thought leader, best-selling author is 2019 AZCREW Woman Icon Speaker

       PHOENIX, ARIZ. (Oct. 2, 2019) – Gloria Feldt, an acclaimed expert on women, power and leadership with decades of front-line leadership experience and a bestselling author, is the 2019 AZCREW Woman Icon Speaker.

AZCREW, the leading organization for senior-level executive women in the Metro Phoenix real estate field, presents its annual Woman Icon Speaker series Oct. 15 at Phoenix Country Club, 2901 N. 7th St., in Phoenix.

Feldt is co-founder and president of Take The Lead, whose mission reflects her life’s passion: to prepare, develop, inspire and propel women to take their fair and equal share of leadership positions across all sectors by 2025 by providing breakthrough training, mentoring and coaching role modeling and thought leadership.

AZCREW’s October lunch begins with networking at 11:30 a.m. The program starts at 11:45 a.m. Member registration is $45; non-member pre-registration is $65. Registration closes Oct. 10. Lunch is included. Register here.

NAI Horizon negotiates long-term lease worth $1.07M for West Valley sports grill in Peoria

NAI Horizon negotiates long-term lease worth $1.07M for West Valley sports grill in Peoria

     PHOENIX, ARIZONA (September 25, 2019) – NAI Horizon represented the landlord  in negotiating a long-term lease for a popular West Valley sports bar at Thunderbird Beltway Plaza, 8378 W. Thunderbird Road in Peoria, Arizona.

The NAI Horizon retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the landlord, CP6TB, LLC of Phoenix in the transaction totaling $1.071 million.

“We’re excited to add Fuzzy’s Sports Grill to our great tenant mix at Thunderbird Beltway,” Anthon said. “We have had success keeping the occupancy rate high for many years and believe locking Fuzzy’s into a long-term lease will benefit both parties. Fuzzy’s is hoping to open by November.”

Fuzzy’s Sports Grill will join tenants at Thunderbird Beltway Plaza that include anchor EOS Fitness, Sprout’s, Lowe’s, CVS and 99 Cents Only. It will occupy 4,532 SF.

The tenant, Fuzzy’s Global, LLC, was represented by Rosemarie Rommes of Gimlet Realty.

 

 

 

 

Arizona community, economic development champion Dr. Sheila Harris honored as 2019 LAI International Member of the Year

Arizona community, economic development champion Dr. Sheila Harris honored as 2019 LAI International Member of the Year

     PHOENIX, ARIZ. (Sept. 23, 2019) – Dr. Sheila D. Harris, Founding Director of the Arizona Housing Finance Authority and former Deputy Chair of the Federal Reserve Bank of San Francisco, has been named International Member of the Year of Lambda Alpha International (LAI).

The winner is selected from chapter nominations of Chapter Member of the Year honorees for the current or prior year by the International Awards Committee. It based upon commitment to LAI, the nominee’s profession and to land economics with respect to achievement in the private or public sectors, research or education.

Dr. Harris, who owns a consulting firm in Litchfield Park, Ariz., has been a member of the LAI Phoenix Chapter since 2004. She served as Chapter President in 2013, LAI International Assistant Treasurer from 2013 to 2015 and LAI International Treasurer from 2015 to the present. LAI is the honorary society of distinguished professionals in all fields related to the use and development of land.

Dr. Harris was appointed by then Chairman Alan Greenspan of the Federal Reserve Board of Governors as a board member of the Federal Reserve Bank of San Francisco. She was the first official from Arizona to serve as a member of the San Francisco Head Office Board. During her tenure she served as Deputy Chair of the Board.

She served under two governors as Arizona State Department of Housing and Arizona Housing Finance Authority directors. During her 6-year tenure in those positions, she oversaw the financing of mortgage revenue bonds, HUD funds, state Housing Trust Funds and IRS Low Income Housing Tax Credits totaling more than $1.5 billion in housing and community economic development.

Dr. Harris will receive the award during the LAI’s semi-annual Land Economics Weekend in Austin, Texas, Nov. 7-9.

“It has been my pleasure to have worked with Dr. Harris over the past several years,” said Elliott Pollack, CEO of Elliott D. Pollock & Co., and LAI Phoenix Chapter member. “As the first director of the Arizona Department of Housing, she was able to accomplish far more than would normally have been expected because of her ability to understand the issues and effectively communicate them while navigating through the bureaucracy with unusual skill.

“She also was intellectually honest when it came to making the best choices for the state. While she was on the Fed’s advisory board, she used her skill set to aid the entire region. She has earned my respect,” Pollack said.

Dr. Harris has spent many hours at the chapter level, assisting with programming content and securing high-level speakers including Janet Yellen who later became Chair of the Federal Reserve Board. Dr. Harris continues to serve on the Phoenix Chapter board as an ex-officio member.

In her term as LAI International Treasurer, she has implemented new processes such as chapter dues payments being paid through online banking and automatic transfers of dues payment to the chapters. She implemented a new LAI International travel policy, and has been instrumental in the due diligence needed to be a good steward of the LAI members finances. She has worked tirelessly through annual budgeting processes.

 

About LAI International

 

Lambda Alpha International (LAI) is an honorary, networked international association for distinguished professionals in all fields related to the use and development of land. LAI is committed to promoting best practices and making a difference in our communities. The 2,200-plus members of LAI make valuable connections locally and with peers worldwide. The Phoenix chapter was formed in 1983 and its members – from business, academia and government – represent a wide range of professions dealing with some aspect of land economics. For more information visit www.lai-phx.org/

 

Cadence Living, Ryan Companies complete new senior living community, Acoya Mesa

Cadence Living, Ryan Companies complete new senior living community, Acoya Mesa

     MESA, ARIZONA (September 18, 2019) — Cadence Living and Ryan Companies US announce the grand opening of Acoya Mesa, a new 170-unit senior living community located on nearly seven acres at 6502 E. Brown Road, across from Granite Reef Park.

The grand opening was celebrated this week. It was marked by a ribbon-cutting ceremony with members of the community, Mesa Chamber of Commerce, Ryan Companies and Cadence Living.

The 183,000 SF community offers residents a vibrant lifestyle with independent living, assisted living and memory care apartment options. Acoya Mesa’s modern design features studio, one- and two-bedroom residences with full kitchens, washers and dryers, walk-in showers and a 24-hour emergency lines.

Residents will enjoy upscale amenities, including all-day restaurant style dining, an arts and crafts talent room, raised garden beds, movie theater, salon, game room, special event hall, fitness room as well as a robust schedule of entertainment, fitness classes, book clubs and seminars.

“It’s been an exciting year for Cadence Living with the opening of our second Arizona community,” said Rob Leinbach, principal at Cadence Living. “We are focused on filling the growing need for socially-focused senior living options that inspire holistic well-being and allow residents to share community with their peers.”

Ryan Companies, co-owner and co-developer of Acoya Mesa, served as the general contractor and architect while providing capital markets services for the very first joint venture project with Cadence Living.

“We’ve built an incredible partnership with Cadence Living and are thrilled to be opening this high-quality community for seniors to live comfortably in a project we are so proud to have developed,” said Tyler Wilson, vice president of real estate development, Ryan Companies. “Seeing residents living happily in the community will be rewarding and remind us why we come to work every day.”

Ryan A+E, Inc. designed the community to reflect the architecture and character of the surrounding area and Studio SIX5 focused on creating an inviting interior in which future residents will thrive.

“We’ve spent a lot of time listening to seniors across the country and with Acoya Mesa we have created an incredible place for individuals and couples seeking a lifestyle of wellness and fun to feed their spirit,” said Eric Gruber, principal at Cadence Living. “We look forward to sharing our newest community with you and invite everyone to see for themselves how the Cadence culture creates a vibrant rhythm and lifestyle.”

Acoya Mesa’s grand opening was marked by a ribbon-cutting ceremony this week, celebrated by members of the community, the Mesa Chamber of Commerce, Ryan Companies US and Cadence Living.  (Photo by Alison Anne Johnson Photography)

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About Cadence Living

Established in Scottsdale, Arizona in 2016, Cadence Living is an owner, operator and developer of senior living communities. Cadence Living’s team of professionals are devoted to providing high quality living environments focused on health, wellness and living styles that respect individual preferences while providing supportive services to help people live their best lives. In addition to Acoya Mesa, Cadence Living manages two other senior communities in Arizona: Inspira Arrowhead, located at 20240 N. 78th Avenue in Glendale, opened in spring of 2019. Acoya Scottsdale at Troon, which features views of Pinnacle Peak, is located in North Scottsdale at 10455 E. Pinnacle Peak Parkway. Acoya Scottsdale at Troon is also being built by Ryan Companies and expects to open 135 luxury independent and assisted living units in the fall of 2020. For more information, visit www.cadencesl.com.

 

About Ryan Companies US, Inc.

Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 16 offices and has completed projects in 39 states. For more information, visit ryancompanies.com.

Mortenson celebrates construction progress with 1st “Topping Out” in Novus Innovation Corridor

Mortenson celebrates construction progress with 1st “Topping Out” in Novus Innovation Corridor

PHOENIX, ARIZONA (September 18, 2019)  Mortenson took a significant step in the construction process for the Hyatt Place/Hyatt House Tempe Downtown hotel as it celebrated the topping out of the building earlier this month. Construction of the dual-branded hotel is on schedule and is the first building in the Novus Innovation Corridor to reach this noteworthy milestone.

The urban hotel’s concrete roof deck was set in place and is now at peak height. A major milestone, the topping out of a building, symbolizes the placing of the last major structural component. Mortenson and its concrete trade partner, Suntec Concrete, in addition to other trade partners on the project, celebrated the achievement with a safety lunch where workers were recognized for their commitment to a safe project site with zero injuries to date.

“We are making exciting progress on this project. It is rewarding to take a moment to recognize the tremendous efforts our construction team has made,” said George Forristall, director of real estate development at Mortenson. “We have definitely built off of the momentum established during the development stages and were fortunate to work with our design partners, Catellus, the City of Tempe and Arizona State University to break ground quickly. It is rewarding to see that stride of pace continue through execution as this project comes to fruition.”

“The great thing about working with Mortenson is how they manage the jobsite through passion and discipline,” said Jerry Barnier, founder of Suntec Concrete. “Despite a tight labor market, through their relationships they work with only the best subcontractors which makes it easy for all of us hit our target dates while keeping the jobsite safe.”

The hotel will be under construction for several more months. Facts about the construction and project team’s contributions to date:

  • Approximately 6,705 yards of concrete have been poured;
  • 60,000 hours have been worked;
  • 510 team members and trade partners have gone through safety orientation to make this project a success.

Rising in the SWC of the Novus Innovation Corridor, within walking distance of Sun Devil Stadium and Wells Fargo Arena, the forthcoming, eight-story hotel will feature many modern amenities including a roof top pool and party deck, open lobby, conference spaces and outdoor environments for socializing. Construction began in April and will be completed in summer 2020.

For a live a stream of the construction progress of the new dual-branded Hyatt hotel, click here.

CCIM Central Arizona chapter forges mentorship program at GCU’s Colangelo College of Business

CCIM Central Arizona chapter forges mentorship program at GCU’s Colangelo College of Business

     PHOENIX, ARIZONA (September 18, 2019) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is proud to announce it is launching the first session of a mentorship program for undergraduates attending the Colangelo College of Business at Grand Canyon University.

The goal is to connect students with commercial real estate executives. Mentoring activities over the fall semester at GCU will include reviewing property information for analysis, students creating and presenting a broker opinion of value, listing pitches and sales offering memorandum and attending both the chapter’s annual golf fundraiser and holiday party.

An introductory and speed networking event held Sept. 16 at GCU attracted 45 students. The initial goal was 30.

“Our chapter’s mission is to provide premiere commercial real estate education. Through this mentorship program, we are going back to the foundation of our community in college undergrads to help provide current and relevant education, networking, and exposure to all facets of the industry,” said chapter President Jenette Bennett, CCIM, of Kidder Mathews. “This is just the start. We are looking forward to more collaboration between universities and CCIM as we expand the program in future semesters.”

Mentors from the Central Arizona chapter of CCIM include Julie Johnson, Colliers International; Todd Hamilton, Citywide Commercial; Nick Miner, Orion Investment Real Estate; Heather Fox, CBRE; Scott Fey, Omni; Jim Kasten, Kasten Long Commercial Group; and Bennett. All the mentors hold the prestigious CCIM designation.

The CCIM Institute confers the Certified Commercial Investment Member designation. To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.

Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

“The Colangelo College of Business looks forward to this great opportunity for our students to participate in the CCIM mentorship program,” said Dean Randy Gibb. “Career-focused activities are a priority at GCU, and this program is an ideal start to create awareness of a career in commercial real estate.”

A career day is scheduled for Oct. 7 at 5:30 p.m. at GCU, 3300 W. Camelback Road, Room 42-220. Its goal is to connect students with industry professionals including lenders, developers, brokers, contractors and those in title and escrow.

“Creating Reliable Valuations” will be presented Nov. 14 at GCU (Room 42-319, 2:30 p.m.) Students will review property analysis with mentors and establish the correct value for an asset to be sold or space to be leased, which is the most important aspect of any transaction.  Also being covered: understanding the current investment marketplace, understanding current real estate cycles and risk and the importance of historical data in the process of establishing value.

Learn more about CCIM Central Arizona Chapter: centralazccimchapter.com.

A networking event with CCIM members drew 45 GCU students interested in the mentorship program.

 

NAIOP Arizona Signature Speaker Series presents an afternoon with Valley icon, rocker Alice Cooper

NAIOP Arizona Signature Speaker Series presents an afternoon with Valley icon, rocker Alice Cooper

     PHOENIX, ARIZONA (September 18, 2019) – Alice Cooper made a name for himself on the American music scene as the father of “shock rock” performers. He is now one of the most visible and philanthropic Valley residents and is the featured guest at NAIOP Arizona’s Signature Speaker Series.

The event is scheduled for Thursday, October 24 at the Tempe Center for the Arts, 700 W. Rio Salado Parkway, Tempe. Registration begins at 3 p.m. The event, Alice Cooper “Unplugged,” a conversation moderated by Valley celebrity Mark Cordes, begins at 4:30 p.m. A networking reception begins at 5:30 p.m.

Born Vince Furnier, Alice is a native of Michigan. The family moved to Phoenix in the 1960s and he attended Cortez High School. He and his wife Cheryl are well known in Valley charity circles for their philanthropy. Events include an annual musical competition, his annual “Christmas Pudding” concert, his Rock & Roll Fundraising Bash and his annual Rock & Roll Golf Classic. The 2020 tourney will be the 23rd annual event.

He also sponsors the Rock Teen Center, which inspires teens (ages 12 to 20) to grow through music, dance and art. The center provides vocational training in sound and recording, lighting and staging, video production, as well as a computer lab and a supervised facility for the teens to engage with their peers.

Alice Cooper was originally a band consisting of Furnier on vocals and harmonica, Glen Buxton on lead guitar, Michael Bruce on rhythm guitar, Dennis Dunaway on bass guitar and Neal Smith on drums. The original Alice Cooper band released its first album in 1969. It broke into the international music mainstream with the 1971 hit song “I’m Eighteen” from its third studio album Love It to Death.

The band reached its commercial peak in 1973 with its sixth studio album Billion Dollar Babies. In 2011, the original Alice Cooper band was inducted into the Rock and Roll Hall of Fame.

His current band, the Hollywood Vampires, features Aerosmith guitarist Joe Perry and actor/rocker Johnny Depp. They have been together since 2015.

Registration fees: $65, Developing Leaders; $75, members; $275, four member tickets; and $125, non-members. For tickets or further information, email NAIOP Arizona at rsvp@naiopaz.org.