by Peter Madrid | Feb 7, 2019 | News & Updates
PHOENIX, ARIZ. (February 7, 2019) – When Park Central Mall opened in 1957, it quickly became the center of activity along Central Avenue. But over time, Park Central was unable to compete with newer, enclosed shopping malls.
Fast forward to the present: The time is right for Park Central to write its next chapter, making the most of its ideal location in the heart of Phoenix to become a dynamic, revitalized mixed-use project.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, will present “The New Park Central” at its February luncheon.
Guest speakers for the Feb. 19 event at the Phoenix Country Club, 2901 N. 7th St., are Stanton Shafer, COO of Holualoa Capital Management; and Scott Baumgarten with Transwestern.
Nearly all the mall’s original buildings still stand, and most have only cosmetic changes. They are being repurposed into modern office, and retail space. The mid-century-modern style of the past is evident in buildings that were constructed with some extraordinary architectural touches. All of these features will be at the center of the revitalized property.
AZCREW’s February lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $45 (early bird by February 8, $40); non-member pre-registration is $65. Lunch is included. Registration ends February 14. Register here.
by Peter Madrid | Feb 6, 2019 | News & Updates
PHOENIX, ARIZONA (February 6, 2019) – NAI Horizon is pleased to announce that Matt Harper, CCIM, has been promoted to Vice President.
Harper wrapped up a stellar 2018, leading NAI Horizon brokers with the most transactions by an individual, 63 (worth $28.8 million). He closed out 2018 representing the buyer in a $4.7 million acquisition of a freestanding, 11,878 SF, four-tenant retail PAD in Glendale, Arizona.
Harper ranked No. 9 among the Top 10 Producers for 2018. He holds the prestigious designation of Certified Commercial Investment Member (CCIM) and is the 2019 Secretary/Treasurer for the Central Arizona chapter of CCIM.
“Matt exemplifies what it takes to be a successful member of our NAI team,” said Terry Martin-Denning, President and CEO of NAI Horizon. “I am delighted to reward Matt’s hard work and client-focused approach with this well-deserved promotion.”
Harper, who joined NAI Horizon in June 2017, focuses on retail leasing and sales.
“Having the resources available through NAI Horizon and the NAI Global platform, along with a vibrant retail market in the Valley, contributed to my success the last year,” Harper said.
by Peter Madrid | Feb 5, 2019 | News & Updates
PHOENIX, ARIZONA (February 5, 2019) – The investment sale of an office building at 10240 W. Bell Rd., in Sun City, Arizona, for $2.195 million highlights recent deals closed by NAI Horizon professionals.
Sale Transactions:
Tom Bean, CCIM, and Stan Matzinger negotiated the sale of an office property, representing the seller, 10240 Bell Road Associates, LLC, for $2.195 million. The property is located at 10240 W. Bell Rd., Sun City, AZ. John Oushana with HomeSmart represented the buyer, Vintage Garden Properties, LLC.
Troy Giammarco, Tyler Smith and Joe Pequeno negotiated the sale of a 2,381 SF office property, representing the seller, Srdich Investments, LLC, for $481,500. The property is located at 8765 W. Kelton Lane, Peoria, AZ. Sean Gillespie with Nathan & Associates Inc. represented the buyer, Pisa Properties Sixteenth, LLC.
Troy Giammarco, Tyler Smith and Joe Pequeno negotiated the sale of a 2,294 SF office property, representing both the buyer, Pisa Properties Sixteenth, LLC, and the seller, 8700 Kelton Campus, LLC, for $326,000. The property is located at 8765 W. Kelton Lane, Peoria, AZ.
Lease Transactions:
Laurel Lewis represented the tenant, Southwest Behavioral Health, in a 70-month office lease renewal for 8,490 SF at 2580 Highway 95, Bullhead City, AZ.
Rick Foss and Laurel Lewis represented the landlord, Roeser2001, LLC, in an 88-month industrial lease for 10,832 SF at 5202 S. 39th St., Phoenix, AZ. Brian Payne with Lee & Associates represented the tenant, AZ Environmental Progress, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in an 86-month retail lease for 4,471 SF at 4961 W. Bell Rd., Phoenix, AZ. Gordon Rasmussen with Martin Property Advisors, Inc. represented the tenant, PAS Charter, Inc.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Kokomo Ridge, LLC, in a 36-month industrial lease for 8,824 SF at 2618 N. Ogden Rd., Mesa, AZ. Cory Sposi with Commercial Properties, Inc. represented the landlord Mesa Ridge Business Park I, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, New Bell Tower, LLC, in a 60-month retail lease for 1,550 SF at 4925 W. Bell Rd., Phoenix, AZ. Tram Chu with West USA Realty represented the tenant, Dipping Nails, LLC.
Matt Harper, CCIM, represented the tenant, A&G Companies, LLC, in a 61-month retail lease for 1,400 SF at 15605 W. Roosevelt Str., Goodyear, AZ. Jenette Benette with Kidder Mathews represented the landlord, Parkway Village, LLC.
Tom Bean, CCIM, represented the tenant, Monterey Energy, Inc., in a 38-month industrial lease for 2,555 SF at 1820 W. Drake Dr., Tempe, AZ. Brian Payne with Lee & Associates represented the landlord, LPC Arizona 1, LLC.
Laurel Lewis represented the tenant, Paradigm Design, PC, in a 12-month office lease for 1,572 SF at 4650 E. Cotton Center Blvd., Phoenix, AZ. Michale Crystal and Emily Curry with Newmark Knight Frank represented the landlord, Cotton Center Corporate Office, LLC.
Matt Harper, CCIM, represented the landlord, JAS Properties, LLC, in a 12-month retail lease for 1,250 SF at 12306 N. 32nd St., Phoenix, AZ.
by Peter Madrid | Jan 29, 2019 | News & Updates
PHOENIX, AZ. (Jan. 29, 2019) – Terry Martin-Denning, President and CEO of NAI Horizon, was named to the NAI Global 2019 Leadership Board at the commercial real estate firm’s annual convention in Austin, Texas.
“We are very pleased to have Terry in this role,” said Jay Olshonsky, President of NAI Global. “The success of NAI Horizon is a testament to her leadership skill. Our offices are very fortunate and will benefit from her experience.”
The NAI Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and breed mutual trust and respect throughout the organization. It fosters and promotes activities and productivity of offices, agents and the organization at-large.
“I’m honored to be selected to serve with the other members of the Leadership Board,” Martin-Denning said. “This is an opportunity for us to build on the successes of NAI and ensure that we continue to innovate across the globe and move forward in an industry that is continually changing.”
Martin-Denning has been with NAI Horizon and its affiliated companies since 1985. She was appointed CEO in January 2015 after serving as COO and Designated Broker for nine years.
In her role as President and CEO, Martin-Denning is responsible for the overall strategy of NAI Horizon, providing leadership and direction for their offices in Phoenix and Tucson. She boasts a commercial real estate career that spans more than 30 years and has extensive experience in accounting and operations, lease and contract negotiations, property management, and receivership for all commercial product types.
Martin-Denning is visible in the business community and active in Valley Partnership, NAIOP Arizona, AZCREW, Urban Land Institute Arizona, and ICSC. She is Treasurer and President Elect of AZCREW for 2019 and will serve as President of AZCREW in 2020.
Her philanthropic involvement includes community outreach with the Valley Partnership Community Project, Brokers for Kids, Save the Family, Paz de Cristo, Child Crisis Center, and St. Mary’s Food Bank.
Martin-Denning earned her business administration degree from the University of Montana with a major in accounting and minor in psychology.
by Peter Madrid | Jan 29, 2019 | News & Updates
PHOENIX, ARIZ. (January 29, 2019) – Magnum Companies, a Phoenix-based designer, fabricator, and installer of metal components, is celebrating 40 years of crafting iconic masterpieces in Arizona and across the U.S.
Magnum was formed in 1979 when its founder, Glenn Brockman, an engineer with General Electric, started building weight-lifting equipment. From that humble beginning, Magnum now has 65 full-time employees, a 32,000 SF manufacturing building at 2439 S. 49th Ave., in Phoenix, and a 16,000 post-production building nearby.
Drive around the Valley and Magnum installations stand out. They include Impulsion, the stainless-steel horse by Arizona artist Jeff Zischke that graces the entrance to WestWorld in Scottsdale; Shadow Play, a series of sculptures along Roosevelt Row in Downtown Phoenix; and a major renovation of the Royal Palms Resort & Spa in the 1990s.
“The footprint that Magnum has made in the Valley the past 40 years is a great sense of pride,” said CEO Greg Brockman, son of the founder. “As our employees drive around town and see the projects, or take place in the ribbon cuttings, it connects the dots that this is what we do and this is your work. It helps in retaining employees because it brings their family into the mix.
“The horse at WestWorld was an epic project, and we made sure that every employee at the time had a hand in building it,” Brockman recalls. “We handed a tube to the office staff and that person passed it on. That was truly being a part of the fabrication and installation. Everybody talks about it; people still send me pictures when they pass by it.”
Grand Canal in Tempe.
Magnum won four Gold Awards at the 2018 Ernest Wiemann Top Job Competition for outstanding craftsmanship sponsored by the National Ornamental & Miscellaneous Metals Association (NOMMA). The awards were presented at NOMMA’s 60th-anniversary dinner in Phoenix.
Magnum’s Gold Awards were at the Grand Canal, Tempe; Alliance Bank, Gilbert; Moebius/Cloud, Culver City, California; and Shadow Play, Phoenix.
“Magnum has been a fabricator on many of our projects over the years and we really appreciate their passion and ability to help us realize our concepts,” said John Kane, FAIA LEED, Architect | Founding Partner at Architekton. “We really appreciate their willingness to collaborate with us, bringing their expertise and skillsets to the table and helping find solutions that not only meet the budget, but exceed our aspirations.”
Longevity is key to Magnum Companies. Its third employee, Rod Bruns, is still with the company. He is celebrating his 37th year. Greg Brockman has been with Magnum from Day 1. While in high school and college he worked as a laborer, machinist, and painter. He assumed the helm when his father, now 88, retired at 75.
“Greg has done an admirable job communicating Magnum’s vision to his team,” said Joe Hitzel, Owner of Southwest Architectural Builders, Inc. “We have had great experiences working with Magnum in the delivery of projects. Magnum enhances our project partners as a great subcontractor. It is awesome to both work with his team and also see Magnum’s artesian quality work enhance our projects.
“Greg has successfully grown Magnum to a place where its work is part of the design community’s vocabulary. I’ve seen firsthand where architects have described Magnum’s work as a proprietary product on the same level as a building’s sophisticated fire alarm or energy management system,” Hitzel said.
In 1995 Magnum Engineering Inc. added a construction division, Magnum Architecture, Inc. It became a subcontractor and handled manufacturing and installation for its clients.
“Where steel was previously only seen as a structural element of a building to be hidden and concealed by framing and stucco, Greg has brought structural steel and Magnum’s work to be the focal point of a structure’s exterior elevations. Steel is now celebrated and a key element in a structure’s design,” Hitzel said.
Magnum Companies is now a “go-to” firm for the installation of public art projects. It currently is working on 12 public art installations in Arizona; El Paso, Texas; Seattle, Washington; and Southern California.
“Our people have a passion for what they do,” Greg Brockman said. “This is true for the young welders we train and employ to those who have been around for years. Our employees are our greatest asset. They bring heart, passion and a great work ethic to the building every day. I can train other parts of the business, but not that. The strengths they possess come from within.”
Shadow Play on Roosevelt Row in Downtown Phoenix.
by Peter Madrid | Jan 29, 2019 | News & Updates
PHOENIX, ARIZ. (January 29, 2019) – With their shared border, Arizona and the Mexican state of Sonora have positioned themselves as one of the most competitive export manufacturing locations in the world.
This “mega region” is utilizing its collective resources, highly-trained work forces, and strategic ports of entry in sharing a vision aimed at attracting high technology global manufacturers in a wide array of industries, including automotive, aerospace, medical, defense, and mining.
The Phoenix chapter of Lambda Alpha International (LAI), in cooperation with the LAI Sonoran Desert chapter, will host the leading Mexican maquiladora and export manufacturing council, Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportación (INDEX), Feb. 5 at Arizona Country Club. Javier Ortiz, Director of Foreign Trade for INDEX, will be the presenting official.
INDEX plays a critical role in supporting Mexico’s maquiladora and export manufacturing industry. Its mission is to represent with efficiency and professionalism the maquiladora and export manufacturing industry, through quality actions and services, to ensure that Mexico is a leader in the global economy.
The Feb. 5 lunch event at Arizona Country Club, 5668 E Orange Blossom Lane in Phoenix, begins at 11:30 a.m. and ends at 1 p.m. Registration fee is $45 for LAI Arizona members and $65 for non-members. Lunch is included. Click here to register.
by Peter Madrid | Jan 28, 2019 | News & Updates
PHOENIX, ARIZ. (Jan. 29, 2019) – Pat Boyle, a Director at Cushman & Wakefield, has been named 2019 Chairman for the NAIOP Arizona Developing Leaders (DL) program, which serves commercial real estate professionals age 35 and under.
Boyle, an active DL member since 2012, began his career at CBRE in 2011 as a researcher. At Cushman & Wakefield, he focuses on agency leasing for institutional office properties.
“I am looking forward to the year ahead with the Developing Leaders,” Boyle said. “Our past three presidents – Cooper Fratt, Jenna Borcherding, and Chris Marchildon – all did amazing jobs during their tenures and have built a strong foundation for the DL program, which we will look to continue and expand on in the upcoming year.”
In addition to naming a new chairman, the Developing Leaders selected the 2019 Steering Committee. The other officers are Cooper Fratt, CBRE (immediate past chairman); Mike Strittmatter, CBRE (vice chairman); and Clare Lydon, Opus Group (treasurer).
Additional steering committee members are Ellen Boles, Phoenix Design One, Inc.; Liz Collins, Thomas Title & Escrow; Tim Colquhoun, National Bank of Arizona; Jack Czerwinski, Majestic Realty Co.; Megan Druding, Cushman & Wakefield; Phil Haenel, Cushman & Wakefield; Jenna Harrison; Matthew Krause, Krause Interior Architecture; Cullen Mahoney, Trammell Crow Company; Ashley Marsh, Tiffany & Bosco; Thomas Maynard, GPEC; Stirling Pascal, Lee & Associates | Arizona; Chelsea Porter, The Renaissance Companies; Kyle Seeger, JLL; Josh Tracy, Ryan Companies US, Inc.; Bryan Wright, Kimley-Horn; and Mollie Zemer, Barclay Group.
In 2019 the Developing Leaders will continue to refine the Young Professionals Group (YPG) mentorship program. It will also launch the inaugural NAIOP Arizona Connections program and host a full slate of networking and philanthropic events.
“We have a great group of people, and it will be a total team effort in 2019,” Boyle said.
DL events scheduled for 2019 include the award-winning mentor program, a bowling outing, a baseball spring training game, the signature Rookies & Rockstars evening, networking happy hours, a holiday party, and an educational speaker event.
All NAIOP members who are age 35 or under qualify to participate in the Developing Leaders program, whether they joined through the DL membership category or as part of a corporate membership.
by Peter Madrid | Jan 27, 2019 | News & Updates
SCOTTSDALE, ARIZ. (January 28, 2019) – Iconic Design Studio, a full-service, woman-owned interior design firm, has announced the addition of a new team member. Katherine McCravey joins IDS as a senior design consultant, according to CEO/Principal Kelli Berry.
McCravey possesses extensive expertise and experience leading and managing multifamily and senior living projects from concept through procurement and installation. Previously to joining IDS, she led and managed more than 30 multifamily projects across the country, including ground up construction and renovations.
Past projects have earned national recognition including winning Grand Aurora Awards, Best of Design in Florida; and Golden Nugget Awards, known as the “Academy Awards” of the building industry.
“IDS is proactively expanding into the senior and multifamily facility markets, both of which are vibrant markets in the Valley,” Berry said. “Katherine is a great addition to our team. Her expertise in those property types will benefit IDS.”
Berry also announced that IDS has moved into a new office at 15455 N. Greenway Hayden Loop, Suite C-14, in Scottsdale.
McCravey earned a Bachelor of Science in interior design with a minor in business administration from Arizona State University. She also holds a certificate in commercial real estate development from Cornell University. McCravey is LEED AP and NCIDQ accredited. She is an active member of the design community through involvement with the International Interior Design Association (IIDA).
In her spare time, she enjoys floral design, a passion that has grown into a business. She also enjoys hiking, bowling, and spending time outdoors with her husband and two dogs.
by Peter Madrid | Jan 22, 2019 | News & Updates
TEMPE, ARIZ. (January 22, 2019) – The Tucson office of engineering consulting firm Terracon presented a $10,000 check from its foundation to the University of Arizona College of Engineering.
It’s the second grant from the Terracon Foundation Board this month. It recently presented a $5,000 grant to the Southern Arizona Research, Science, and Engineering Foundation (SARSEF).
“The grant will be used to support graduate students studying Geotechnical and Civil Engineering Materials at UA,” said Derek Koller, Terracon’s Tucson Office Manager. “Specifically, the grant will go towards supplementing student research funding and to provide students with financial support.”
Terracon’s Tucson Office has a longstanding relationship with UA’s College of Engineering. Regional Manager Brent M. Borchers, P.E., has been an adjunct professor for the past 7 years and Terracon employees interact with the college through its involvement with the American Society of Civil Engineering (ASCE). Terracon Materials and Geotechnical Departments have employed several interns over the years.
“Our ability to award this grant to UA is a demonstration of our commitment to support such an important part of our community and the development of future engineers,” Koller said. “Terracon Foundation University Grants are competitive grants that allow employee-owners to advocate for the communities in which we work. We are to be a firm willing to invest in the future.”
The grant is the second the Terracon Foundation has awarded to UA in as many years. In 2017, Terracon provided a $5,000 grant for graduate students studying environmental health sciences at the College of Public Health.
“We are grateful for Terracon and the Foundation for their support,” said Dominic Boccelli, Department Head at, UA Civil and Architectural Engineering. “The grant funds will help to support our geotech graduate students and our future professional engineers.”
Terracon is an employee-owned consulting engineering firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices with services available in all 50 states.
Terracon currently ranks 24th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit terracon.com/offices/tucson/
by Peter Madrid | Jan 22, 2019 | News & Updates
PHOENIX, ARIZ. (January 22, 2019) – Trends and innovations in the supply chain management industry and the nation’s first international air cargo hub will be key topics at the 13th Annual CSCMP Arizona Roundtable Symposium Feb. 21 in Downtown Phoenix.
Sponsored by the local chapter of the Council of Supply Chain Management Professionals, the symposium is designed to bring together experts to discuss current issues in supply chain industry affecting the region.
This year’s event, “Innovation and Open Borders in Supply Chain Management,” begins at 8 a.m. at the headquarters of the Greater Phoenix Economic Council (GPEC), 2 N. Central Ave., Suite 2500, Phoenix.
“The supply chain industry is constantly challenged in the areas of transportation, logistics, and trade management,” said Jeff McCaulou, president of CSCMP’s Arizona Roundtable. “At our upcoming symposium, attendees will be able to hear from experts and innovators who are shaping the future through new approaches to cross border trade, workforce recruiting, and artificial intelligence (AI) and cognitive computing tools applied to supply chain challenges. Participating in events like these is key to giving you and your company a competitive advantage.”
Symposium topics include recruiting millennials, an open borders study, and Intel’s award-winning supply chain innovation initiative. The event kicks off with an overview and economic outlook presented by GPEC.
Leading off the afternoon will be a panel discussion of SkyBridge Arizona, the nation’s first international air cargo hub to house both Mexican and U.S. Customs operations. Operated out of Phoenix-Mesa Gateway Airport, it will enable e-commerce companies, manufacturers, and other commercial interests conducting business in Mexico and Latin America to more efficiently transport goods between countries, ensuring proper inspections and safety controls.
The symposium begins at 8 a.m. and concludes with a networking reception at 2:30 p.m. Lunch will be served at 11:30 a.m. Registration is $99 for CSCMP members; $125 for non-members. Register here.
Supply chain management is the broad range of activities required to plan, control, and execute a product’s flow – from acquiring raw materials and production through distribution to the final customer – in the most streamlined and cost-effective way possible.
