PHOENIX, Ariz. (October 18, 2018) – The Phoenix Kidder Mathews healthcare team announced the sale of 3271 N. Civic Center Plaza, a 16,919-square-foot medical office building in the South Scottsdale submarket. The asset commanded a sale price of $3.4 million ($200.96 per square foot).
The team of Senior Vice President Michael Dupuy and Vice President Rachael Thompson negotiated the sale on behalf of owner 6 Turns, LLC, a subsidiary of SEBO Enterprises, LLC.
Built in 1983, Civic Center Medical Plaza features eight suites that can easily be combined to create larger spaces. The one-story building is situated on 1.5 acres in South Scottsdale’s medical market which currently offers limited availability of larger spaces and has a scarcity of first-floor space. The asset is highly visible and sits directly across from HonorHealth Scottsdale Osborn Medical Center.
“I think the deal was good for the buyer, seller and the submarket,” Dupuy said. “The area will unquestionably benefit from having a renovated, Class A facility in the healthcare corridor connected with a top-notch provider.”
HonorHealth Osborn is a full-service, 337-bed hospital that offers services in trauma, orthopedics, neurosurgery, cardiovascular services, and critical care. Other services include those at Greenbaum Surgical Specialty Hospital, which focuses on general surgeries including ear, nose and throat; urology; and gynecology.
“The South Scottsdale market is in need of additional medical space, specifically larger blocks of space,” Thompson said. “Redevelopment of existing older buildings to accommodate this demand would be ideal.”
Amenities in proximity to Civic Center Medical Plaza include numerous multifamily communities as well as restaurants and retail establishments. The property is situated across from Scottsdale Stadium, spring training home of the San Francisco Giants.
The buyer, Dr. Remus Repta, was represented by Sheila Bale and Ryan O’Connor with Cushman & Wakefield.
PHOENIX, ARIZONA (October 10, 2018) – The NAI Horizon Self-Storage Team of Senior Vice President Denise Nunez and Associate David Loui represented the seller in negotiating the sale of a two-property self-storage portfolio in California.
L.P.G. Associates, Inc. of Rohnert Park, California, sold Folsom Parkshore Self-Storage in Folsom, California, and All Size Self-Storage in Roseville, California, to Extra Space Properties Two LLC of Salt Lake City, Utah. The two assets total 165,920 NRSF and comprise 1,109 units.
“These two assets were highly sought after Class A properties drawing the attention of 42 well-qualified buyers,” Nunez said. “Both assets were part of L.P.G.’s larger self-storage portfolio which was sold separately. Continental Ranch Self Storage (in Tucson, Arizona), also owned by L.P.G. Associates, sold to an unrelated buyer on August 8, 2018. The overall portfolio sale was $31.55 million.”
Located at 185 Parkshore Dr., the Folsom facility serves Alder Creek, Nimbus, Orangevale, and Gold River, California. Located at 1011 Foothills Blvd., All Size serves residents of Roseville, Citrus Heights, Antelope, and Foothill Farms, California.
Located at 185 Parkshore Dr., the Folsom facility serves Alder Creek, Nimbus, Orangevale, and Gold River, California.
PHOENIX, ARIZ. (October 10, 2018) – Benefiting its “MRED Dollars for Scholars” program, AZCREW is hosting its annual Black & White Affair on Wednesday, Oct. 24, at Pubblico Italian Eatery, 5813 N. 7th St., 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 for gift baskets.
Ticket prices are $50 for members; $65 for non-members and members at the door; $500 for 10 tickets; and $20 for Arizona State University MRED students and faculty.
“Over the past 6 years AZCREW has supported Arizona State University’s MRED students by awarding more than 14 scholarships totaling nearly $40,000,” said AZCREW Public Relations/Outreach Committee Co-Chairwoman Lisa Tinnion of Corporate Interior Systems. “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.”
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.
PHOENIX, ARIZONA (October 10, 2018) – MEB Management Services, one of Arizona’s prominent women-owned firms, was awarded the Accredited Management Organization (AMO) of the Year Award at the Institute of Real Estate Management’s (IREM) Global Summit in Fort Lauderdale, Florida.
Libby Ekre, CPM, represented MEB at the awards ceremony. The prestigious honor by the MEB team coincides with the firm’s 20th anniversary.
“We were honored just to be named a finalist for this award (along with Alliance Residential and Woodmont Real Estate Services),” Ekre, one of MEB’s principals, said. “The thanks really go to our fantastic site teams who work every day to provide transformational service to our clients and residents.”
This awards MEB Management Services, AMO, for an outstanding performance by a firm that is dedicated to advancing the real estate management industry; provides transformational service to clients, tenants, and residents; aligns business practices with IREM’s Best Practices for Real Estate Management Service; and demonstrates ethical business practices based on the AMO Code of Professional Ethics.
“We are very proud of MEB for this award that champions their business in real estate management excellence,” said Genna Goldberg, CPM, 2018 IREM Greater Phoenix Chapter President with The Muller Company, AMO.
MEB is one of Arizona’s largest fee managers of apartments and is also active in New Mexico, Texas, and Utah. MEB-affiliated firms also provide management services to commercial clients through MEB Commercial Group and to single family home and small property investors through MEB Rental Homes.
PHOENIX, ARIZONA (October 9, 2018) – Randi Zuckerberg, an entrepreneur and best-selling author who helped her brother Mark with his startup company Facebook, is the featured guest at NAIOP Arizona’s Signature Speaker Series.
The event is scheduled for Thursday, November 1, at the Arizona Biltmore. Registration in the lobby of the Grand Ballroom begins at 3 p.m. The event includes an informative talk by Zuckerberg followed by a networking reception.
Randi Zuckerberg is an entrepreneur, investor, bestselling author, and founder and CEO of Zuckerberg Media. She was an early employee at Facebook where she was the creator of Facebook Live. Passionate about the intersection of tech and media, her current work focuses on the impact of technology on our lives and culture and on encouraging girls and women to pursue careers in technology fields.
She hosts a weekly tech business show called “Dot Complicated” on SiriusXM. She is the author of several books including “Work. Sleep. Fitness. Family. Friends. Pick Three,” released in May 2018.
After graduating from Harvard, Randi Zuckerberg worked for two years in marketing for advertising firm Ogilvy & Mather. Although it was a dream job and she was on track for professional advancement, a conversation with her brother Mark changed the course of her career.
In late 2004, Randi’s brother Mark asked her to join Facebook, which was understaffed with people who were willing to travel and who could explain his vision. She initially thought this would be a temporary position that might last six months. But once she was in Silicon Valley and immersed in the innovation-driven community, she became fascinated with the possibilities and remained at Facebook for 10 years.
Registration fees: $65, Developing Leaders; $75, members; $250, four member tickets; $125, non-members; $450, four non-member tickets. Register here, or for more information email NAIOP Arizona at email@example.com.
TEMPE, ARIZONA (October 9, 2018) ‒ Liv Communities is holding ribbon-cutting ceremonies for multifamily communities this month in the now vibrant and once overlooked North Phoenix and West Valley submarkets. The assets represent a capital investment of $101 million.
Liv North Valley, 31113 N. North Valley Parkway in Phoenix and Liv Goodyear, 15361 W. Virginia Ave. in Goodyear, are the seventh and eighth Liv communities completed in Arizona and Michigan. Six of those communities are in Arizona. Liv also owns and manages three senior living communities, LivGenerations, and manages another senior living community.
Liv North Valley features 385 units covering 490,000 square feet and is valued at $56 million. MT Builders was the general contractor and Whitneybell Perry was the architect of record. The Liv North Valley ribbon cutting is Oct. 23.
Liv Goodyear comprises 326 units covering 400,000 SF and is valued at $45 million. Clark Wayland was the GC and Whitneybell Perry was the architect of record. The Liv Goodyear ribbon cutting is Oct. 24.
“Liv Communities creates beautiful settings and thoughtful amenities designed to help our residents live fuller lives,” said Heidi Arave, Vice President, Liv Multifamily. “We value what our customers value: wellness, great relationships with others, living responsibly, and having the conveniences and technology at hand to allow time for what matters most.”
Liv North Valley and Liv Goodyear are luxury apartments in two-and three-story buildings. Each community maintains an on-site leasing office, The Hub (a high-tech clubhouse), and amenities including VimTrim (on-site personal training), indoor and outdoor community entertainment and recreation, saltwater heated pool and spa, and walking paths.
Each apartment features private balconies and 9-foot ceilings. Each is furnished with a premium appliance package, full-size washer and dryer, walk-in closets, ceiling fans, custom cabinets, and slab granite kitchen counters.
They also feature a community garden, bark park, and sand volleyball court. They are both smoke-free communities. Liv North Valley offers residents a playground.
According to CoStar, the North Phoenix and West Valley submarkets have more in common than outsized rent growth. A major draw for renters in these submarkets is affordability. CoStar also reports that multifamily developers are “targeting overlooked multifamily submarkets outside of the Metro Phoenix core.
The CoStar report concludes that the “lack of new supply in peripheral submarkets will likely sustain their robust apartment fundamentals and vacancies near all-time lows.”
A rendering of The Hub at Liv North Valley.
TEMPE, AZ. (October 4, 2018) ‒ Workshops, a trade show, and a keynote speech moderated by the editor of a prominent Native American newspaper highlight the Construction in Indian Country (CIIC) 2018 National Conference Nov. 7-9 at the Wild Horse Pass Hotel & Casino in Chandler, Arizona.
Celebrating 15 years of emphasizing methods of achieving sovereignty through planning, design, and construction, this year’s conference theme is “Building Visions for Tomorrow’s Tribal Communities: Innovating Tribal Planning, Development, and Construction.”
It reflects on yesterday’s best practices with emphasis on envisioning tomorrow’s built environment through an innovative lens to build sustainable tribal communities.
Peterson Zah, first Navajo President and last Chairman of the Navajo Nation, was one of the founders of the CIIC Conference. It was a time, he said, when Indian gaming was driving construction on the Native American communities.
“It (the conference) has evolved over the years, but overall, economic development has played a huge role. Members of the CIIC board have brought in new ideas over the years. We looked at different ways of doing things.
“It was also important to promote the use of available labor and available and local resources into the construction process. The conference also started as a way to resolve conflicts between the tribes and non-tribal entities. A way to get to the cause of what is going on between the two parties. We said a university like Arizona State University can become a peacemaker between the two entities. That was the birth of CIIC,” Zah said.
With Zah as Special Advisor to the President on American Indian Affairs, a committee comprised of individuals from Arizona and New Mexico Indian tribes teamed with the Del E. Webb School of Construction.
One of the keynote presentations at this year’s event is scheduled for Thursday, Nov. 8. The topic will be “State of the Nation’s Talking Circle.” Moderating will be Mark Trahant, Editor, Indian Country Today. Panelists will be Jonodev O. Chaudhuri, Chair, National Indian Gaming Commission; and Rodger Boyd, Principle, Rodger J. Boyd & Associates.
- Construction 101 and 102: CON 101 – How do you get there (a building) from here (an idea)? Construction starts with planning, design, and financing and continues until the structure is ready for occupancy. CON 102 – Although Construction 101 is not a pre-requisite this workshop will expand on the concepts reviewed during Construction 101 and apply them to a conceptual case study.
- OHSA Construction 10-hour card safety course: An interactive hazard awareness and avoidance course. This day and a half course will emphasize on the identification, prevention, and abatement of hazards in the workplace.
- Other workshops include Leadership and Governance; Economic Development; Planning, Development and Infrastructure; and Construction and Design Best Practices.
Register at https://ciic.construction.asu.edu. The Wild Horse Pass Hotel conference room rate starts at $159 with options to upgrade to a suite at $209. Hotel bookings can be made at https://ciic.construction.asu.edu/content/book-your-hotel-room. Promotional room rates for CIIC National Conference at the Wild Horse Pass Hotel end Monday, Oct. 8.
PHOENIX, ARIZONA (October 3, 2018) – NAI Horizon is proud to announce the addition of Lori Kahn as it increases its office properties presence in the Valley.
Kahn will assist commercial real estate clients find office space optimally suited to their needs. Kahn will focus primarily on office leasing and sales in the brisk Scottsdale and Paradise Valley submarkets.
Kahn has more than 20 years of experience in e-commerce, marketing, business development, and operations. Most recently, Kahn ran her own business consulting practice, utilizing her proven track record of driving revenue and negotiating significant cost reductions to streamline operations and grow her clients’ sales and earnings. Prior to that, she grew several top brands while in executive level roles.
She joins NAI Horizon following a 2-year stint at DPR Commercial.
“I am very pleased to add Lori to our team,” said Terry Martin-Denning, CEO and Designated Broker of NAI Horizon. “Her understanding of business and the challenges her clients face gives her a unique perspective, adding value to the services she provides.”
Kahn is a native of New York City and was raised in New Jersey. She holds an MBA from INSEAD Business School in marketing and entrepreneurship. She also holds a Bachelor of Science degree in industrial engineering from Rutgers University in New Jersey.
SCOTTSDALE, ARIZONA (October 3, 2018) – Sigma Contracting, Inc., which has constructed more than 800 turnkey projects across the Southwest, is celebrating 35 years this Fall of building relationships and giving back to the community.
Sigma Contracting was founded in 1983 and forged a reputation of honesty and integrity. Today it is a leading commercial general contractor that consistently exceeds the expectations of its clients. Under the collaborative direction of Dan Hinkson and Jerry Patterson, Sigma continues to flourish in a competitive market.
“We got into this business because we love what we do (in construction) and partner with good people to make exciting things happen,” Hinkson said. “We are unique in that we chose our company size and project size to ensure that there is ownership involvement in every phase of a project, from business development and relationship building through to construction completion.
“We can make quick decisions and provide effective problem solving with solutions that are in the best interests of our clients. We have a vested interest in client satisfaction. After 35 years we are proud of our accomplishments on behalf of the clients we’ve served.”
Hinkson and Patterson were raised in “construction families” and at an early age gained valuable insight into the technical, managerial, and social aspects of the industry. They focus on treating people fairly, both personally and professionally. This is evident by the successful and long-term relationships they have forged with clients, subcontractors, and employees alike.
Hinkson founded a successful business and together with Patterson shepherded it through tough times during the Great Recession. While others downsized and shuttered their doors, they continued to provide a way for their employees to make a living and continue their families’ livelihoods. Sigma’s core employees have been partners with the company for more than 20 years, with many more than 30 years.
Stemming from a long-term relationship of building for and serving on boards with The Salvation Army, they created a legacy by being integral in bringing The Salvation Army Ray & Joan Kroc Corps Community Center to the community in South Phoenix that will help thousands of families improve their lives for years to come. From helping to write the grant letter and raising matching funds, to collaborating and assisting in the design and build of the center, it was an 8-year journey in partnership with The Salvation Army.
The center won AZRE’s 2012 RED Award for Best Public Project.
“I always told him (Dan) I would never work with him, but it’s been the greatest challenge and pleasure of my life,” said Melinda Hinkson, Director of Business Development/Marketing and Owner with Dan Hinkson, married for 41 years. “He is a good man with a kind heart and it has been my honor to work with the exceptional team of people he has assembled to help create community, camaraderie, and a sense of purpose, through good times and bad.
“Sigma is a great collaboration, and our reputation shows that we care about our people, our associates, and our clients as family. We work best with people of similar ilk,” Melinda Hinkson said.
Sigma continues to give back to the community. Dan Hinkson currently sits on boards for both Horses Help and The Beatitudes. Horses Help is an organization that provides the special needs community a therapeutic and recreational equine environment. The Beatitudes is a non-profit senior care facility in Central Phoenix.
Sigma builds in both the public and private sectors. In addition to “ground up” new construction projects, Sigma’s work consists of renovation, remodeling, and tenant improvements. Sigma provides pre-construction, design/build, general contracting, as well as project management and contracting services.
Sigma Contracting converted a distribution center into a manufacturing facility and offices for Katerra.
Sigma project highlights:
- General building contractor for Grady Gammage’s Studios 5c, Tempe;
- Project manager for The Salvation Army Ray & Joan Kroc Corps Community Center, Phoenix;
- Repeat clients over years include, CVS Pharmacy and Armstrong Development, approximately 70 buildings in various locations; Multiple store and fuel projects with Circle K, Fry’s/Kroger Company, Quick Trip, Safeway;
- Recent manufacturing/office space projects, Katerra Construction and AECOM;
- Currently building Potato Barn’s newest location in Mesa.
Sigma Contracting is active in numerous industry groups including the Arizona Association for Economic Development (AAED), AZCREW, CCIM, CRENAB, ICSC, LAI, ULI Arizona, and Valley Partnership.
Sigma Contracting was project manager for The Salvation Army Ray & Joan Kroc Corps Community Center.
PHOENIX, ARIZ. (October 2, 2018) – Serving her last term, Goodyear Mayor Georgia Lord has helped her West Valley city attract new businesses, develop a sustainable downtown, and be named an All-America City.
Mayor Lord will share her story as AZCREW presents a “Woman Icon Speaker” Oct. 16 at the Phoenix Country Club. AZCREW is the leading organization for senior-level executive women in the Metro Phoenix real estate field.
Lord represents Goodyear on the Maricopa County Association of Governments (MAG) Regional Council, Transportation Policy Committee, and Economic Development Committee. She also serves on the WESTMARC board of directors and executive committee, the West-MEC board committee, and is an ex-officio member of the West Valley Arts Council board of directors.
In 2008, Mayor Lord was a member of the citizens’ team that brought home the All-America City Award to Goodyear. She is a member and past chair of the GPEC Ambassadors Steering Committee.
AZCREW’s October lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $40; non-member pre-registration is $65. Lunch is included. Register here.