by Peter Madrid | Mar 9, 2018 | News & Updates
PHOENIX, ARIZ. (March 12, 2018) – The intricacies of the new tax laws can be daunting, especially when it comes to their impact on real estate transactions and the individuals involved.
The March lunch sponsored by AZCREW will present tax attorney Beth Cohn and CPA Sandy Abalos to share their expertise on the matter. The speakers will also discuss 1031 Exchanges, partnership audit rules, reduced or eliminated travel and entertainment expenses, and tax bracket changes.
Beth Cohn
Cohn, JD, CPA, is a shareholder at Jaburg Wilk. Abalos, CPA, MA, is a principal at REDW, LLC.
The event is scheduled for March 20 at Phoenix Country Club, 2910 N. 7th Street, Phoenix. Networking and registration begin at 11:30 a.m. The presentation begins at noon.
Registration is $45 for AZCREW members ($40 early registration by March 15); $65 for non-members. Lunch is included. Click here to register.
Cohn has been practicing law for more than three decades. She chairs the firm’s Business Law and Estate
Sandy Abalos
Planning Departments. As both a tax specialist and a Certified Public Accountant, she has expertise in business and real estate transactions as well as tax planning, succession planning and estate planning for businesses and their owners.
Abalos has more than 30 years of successful public accounting experience, specializing in meeting the financial needs of privately held businesses. She heads REDW’s tax practice in Arizona and serves as Principal-in-Charge of the firm’s Phoenix office.
by Peter Madrid | Mar 7, 2018 | News & Updates
PHOENIX, ARIZ. (March 7, 2018) – Industry leader Christine Zeihen, President/Commercial Mortgage Broker at OPM Capital in Phoenix, has been elected to the board of directors of the Arizona Private Lender Association (APLA).
APLA serves the needs of Arizona private money lenders who provide loans secured by real estate with funds from private sources. Its mission is to represent, promote, and foster the business of bringing private capital to Arizona for real estate projects.
“It’s an honor to be on the board of such a well-positioned organization, and APLA provides me the opportunity to expand my capital database to meet client needs here in Arizona,” said Zeihen, also Principal and Designated Broker at Biltmore Realty Advisors.
Zeihen possesses more than 30 years of experience in operations and transactions in all areas of commercial real estate including entitlements, due diligence, acquisitions, development, financial, brokerage, management, and disposition of master-planned resort communities, retail shopping centers, and single tenant net developments.
Zeihen is involved with numerous industry groups including the Arizona Commercial Mortgage Lenders Association (ACMLA), Scottsdale Area Association of Realtors (SAAR), Real Estate Investment Advisory Council (REIAC), International Council of Shopping Centers (ICSC) and ULI Arizona.
A native of Kenosha, Wisconsin, Zeihen earned a Bachelor of Science in finance at Arizona State University. She holds a Real Estate license from the Arizona School of Real Estate & Business.
Zeihen gives back to the community by volunteering at Teen Lifeline, a Valley group that provides a safe, confidential, and crucial crisis service where teens help teens make healthy decisions together.
APLA also works to provide standards of conduct and education for Arizona private money lenders. It coordinates with state and federal agencies on behalf of its members.
by Peter Madrid | Mar 7, 2018 | News & Updates
PHOENIX, ARIZONA (March 7, 2018) – NAI Horizon continues its office growth in Arizona announcing the hiring of two new associates, Logan Crum and Dylan Whitwer.
Crum joins NAI Horizon’s Investment Services Group. Whitwer joins the Office Properties Group.
Crum will assist Senior Vice Presidents Lane Neville and Barbara Lloyd with their brokerage activities. This includes client relationship-building, market research, leasing services, presentation preparation, and buyer/seller representation in investment transactions.
A native of Spokane, Washington, Crum graduated from the University of Arizona in 2017 with a Bachelor of Science degree in urban and regional development and a minor in Geographic Information Systems (GIS). He holds an Arizona Real Estate License.
While at UA, Crum interned at NAI Horizon’s Tucson office, creating marketing materials for the Tucson and Phoenix offices. Other duties included mapping, site research, and preparation of site information. Crum also completed an internship at the NAI Black office in Spokane.
Whitwer joins Senior Vice President Laurel Lewis as a tenant representative. He will be responsible for assisting in transaction management as well as developing new tenant relationships and providing market intelligence.
A native of Phoenix, Whitwer earned a BS in communications with a minor in business at Arizona State University in 2015. He is active in industry groups Accelerent and Valley Partnership, where he served as a member of it Advocates (young leaders group).
Whitwer joins NAI Horizon after spending four years working for an environmental and geotechnical engineering firm. He was responsible for environmental site assessments.
“I am excited about the addition of Logan and Dylan to our team,” said Terry Martin-Denning, CEO and President of NAI Horizon. “Teaming these two intelligent young agents with successful senior mentors aligns with our strategic vision of growing our team with a balance of those new to the business and successful experienced agents.”
by Peter Madrid | Mar 7, 2018 | News & Updates
PHOENIX, ARIZ. (March 7, 2018) – Magnum Companies, a Phoenix-based designer, fabricator, and installer of metal components, won four Gold Awards at the 2018 Ernest Wiemann Top Job Competition for outstanding craftsmanship sponsored by the National Ornamental & Miscellaneous Metals Association (NOMMA).
Art/Sculpture: Moebius/Cloud, Culver City, California
The awards were presented recently at NOMMA’s 60th-anniversary dinner in Phoenix. Magnum’s Gold Awards:
- Exterior Railings and Fences (non-forged): Grand Canal, Tempe, Arizona; Artist/Architect – Mary Lucking; Owner – Salt River Project; General Contractor – JE Dunn;
- Structural Fabrication: Shadow Play, Phoenix, Arizona; Artist/Architect – Meejin Yoon at Howler + Yoon; Commissioned by – City of Phoenix Office of Arts and Culture;
- Unusual Ornamentation Fabrication: Alliance Bank, Gilbert, Arizona; Architect – DAVIS; General Contractor – Sun State Builders;
- Art/Sculpture: Moebius/Cloud, Culver City, California; Artist/Architect – Merge Conceptual Design; Commissioned by – Greystar in conjunction with the Culver City Art in Public Places program.
“Winning a Top Job award has special meaning to us,” said Magnum Companies CEO Greg Brockman. “It represents a voice of approval from our industry peers. We are honored and humbled by the number of awards we brought home.”
The competition is named after NOMMA past president Ernest Wiemann and had more than 100 entries from throughout the U.S. and five foreign countries. NOMMA is the trade association of the ornamental and miscellaneous metalworking industry.
Unusual Ornamentation Fabrication: Alliance Bank, Gilbert.
Structural Fabrication: Shadow Play, Phoenix
by Peter Madrid | Mar 5, 2018 | News & Updates
PHOENIX, ARIZONA (March 5, 2018) – NAI Horizon celebrated its 25th anniversary in 2017. It also celebrated its best year since the end of the Great Recession, buoyed by a diverse group of brokers whose transactions totaled more than $320 million.
The broad range of specialties represented in NAI Horizon’s Top Producers of 2017 is a testament to the collective success of professionals from industrial, retail, office, and investment sales. A healthy commercial real estate market allowed these agents to secure the best possible outcomes for their clients.
“We celebrated many successes in 2017, a strong year for NAI,” said CEO and President Terry Martin-Denning. “I’m proud of our achievements as a firm and the success of each of our agents. We are on track to make 2018 another banner year.”
NAI Horizon expanded its presence in the Valley with the addition of six agents. This included the hiring of industry veteran Don Morrow, who joined NAI Horizon as a Senior Vice President to bolster its investment sales division.
NAI Horizon’s broker ownership platform allows agents an opportunity to play a direct role in the company’s future. This creates a culture in which its agents can maximize their own business while benefiting from the resources of a global commercial real estate brokerage firm.
NAI Horizon’s 2017 Top Producers:
- Russ Warner: Investment sales (Manufactured housing and RV parks)
- Mark Wilcke: Industrial
- Tyler Smith: Office
- Barbara Lloyd: Investment sales
- Lane Neville: Investment sales
- Rick Foss: Industrial
- Chris Gerow: Retail
- Shelby Tworek: Retail
- Denise Nunez: Investment sales (Self storage)
- Isy Sonabend: Industrial
NAI’s Associate of the Year: Andrew Warner, Investment sales (Manufactured housing and RV Parks)
NAI Horizon 2017 highlights:
- Russ and Andrew Warner of NAI Horizon’s Manufactured Housing Group negotiated the $34 million sale of the largest recreational vehicle park in Apache Junction, Arizona, fetching $46,575 per space.
- NAI Horizon’s retail team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon negotiated long-term leases totaling more than $15 million for Planet Fitness locations throughout the Valley. This retail team also negotiated the $3.1 million sale of a building in Phoenix that will serve as the new offices, adoption center, and no-kill shelter for the Phoenix Animal Care Coalition (PACC911).
- The NAI Puget Sound Properties and NAI Horizon Investment Sales teams of Senior Vice Presidents Lane Neville and Barbara Lloyd represented the buyer in the $9.675 million acquisition of two retail buildings at Litchfield Marketplace.
- The NAI Horizon investment sales team of Neville and Lloyd represented the seller in the $7.1 million disposition of Hamstra Square in Chandler, Arizona.
- Senior Vice President John Filli, SIOR, represented the seller, a debtor in a Chapter 11 proceeding, in a pair of Southeast Valley industrial deals totaling $4.897 million.
- NAI Horizon Senior Vice Presidents Troy Giammarco and Tyler Smith negotiated a long-term lease worth $3.125 million, bringing Sage Academy to Corporate Center, 10220 N. 25th Ave.
by Peter Madrid | Mar 1, 2018 | News & Updates
PHOENIX, ARIZ. (March 1, 2018) – U.S. Congressman David Schweikert will tackle a variety of issues as NAIOP Arizona presents a special event as part of its Market Leaders series.
Rep. Schweikert, R-Ariz., serving his fourth term in the U.S. Congress, will speak at the Biltmore Center Conference Room, Suite 180, 2398 E. Camelback Rd., on Friday, March 9. The event begins at 11:30 a.m. with networking and lunch.
Rep. Schweikert holds a seat on the Ways and Means Committee, having previously served on the Financial Services Committee. He is also the Republican Co-Chair of the House Blockchain Caucus.
Topics scheduled to be discussed include the new tax plan, infrastructure funding, capital markets regulations, and technology funding (AI, autonomous vehicles, cybersecurity). Rep. Schweikert represents Arizona’s 6th District.
Please RSVP to rsvp@naiopaz.org by Monday, March 5.
by Peter Madrid | Feb 28, 2018 | News & Updates
Pete Bolton will be honored with the Award of Excellence at the Best of NAIOP on March 22.
PHOENIX, ARIZ. (February 28, 2018) – Pete Bolton, who mentored generations of commercial real estate professionals and managed four companies, will be honored with the Award of Excellence at the Best of NAIOP on March 22 at the Camelback Inn.
The NAIOP Award of Excellence recognizes an individual who has made a significant, positive impact on the commercial real estate industry in Arizona over a period of at least 15 years, along with direct volunteer contributions to the chapter.
“The Arizona Chapter of NAIOP has benefited from Pete’s countless volunteer hours and expert guidance over the years,” said Suzanne Kinney, President and CEO of NAIOP Arizona. “Pete has left his mark on the commercial real estate industry and beyond. This award is intended to recognize his many contributions.”
After more than 30 years in the industry, Bolton launched Pete Bolton Company in 2017. His new company specializes in using team coaching communication and training to help commercial real estate brokers and sales teams win big and better business opportunities. His questioning, listening and expanding communication programs have helped hundreds of clients achieve better sales results.
Previously, Bolton was executive vice president and managing director of Newmark Knight Frank’s Phoenix office and designated broker for the company’s Arizona brokerage operations. Since opening NKF’s Phoenix office in 2012, Bolton recruited more than 33 industry professionals. Immediately prior, he established a new Grubb & Ellis presence in the Phoenix market. From 1999 to 2008, Bolton served as managing director at CBRE.
A native of Arizona (since he was 4 years old), Bolton earned a Bachelor of Science degree in Management from Arizona State University. An established industry leader, Bolton is among the most successful and widely recognized leaders in the Phoenix commercial real estate market. Over the course of his career, he gained extensive experience in commercial brokerage, corporate management, manufacturing and commodities.
“This community has supported decades of commercial real estate-related businesses and individuals. It has given us so much as far as lifestyle, opportunities, and a place to grow our families and our businesses,” Bolton said. “We have gone through the ups and downs of our communities and the economy, but for those who have weathered it out, it has always been extremely beneficial and given us more than we could ever give back.
“I ask all of us to make a concerted effort to give back to this great community we all live in – Maricopa County and beyond. It has treated us very well and allowed us to flourish if we worked hard enough. Give back as much as you can,” Bolton added.
Bolton has served in a variety of community leadership roles and contributes regularly to a number of publications and panels on industry trends and historical perspectives.
Professional accolades and honors include DISC Motivators & Emotional Intelligence certified instructor; Hudson Institute for Executive Coaching instructor in 2007 and 2008; CBRE James J. Daidion Award winner, 2000 and 2004; and Phoenix Business Journal Most Admired Leader, 2016. In addition to being a past chairman of the Arizona Chapter of NAIOP and NAIOP National Board of Directors for three years, Bolton has served on the boards of Valley Partnership, the Arizona Chamber of Commerce and Industry, Urban Land Institute, Scottsdale Partnership and more.
by Peter Madrid | Feb 28, 2018 | News & Updates
PHOENIX, ARIZONA (Feb. 28, 2018) – The acquisition of an industrial property in Chandler for a business that sells and installs raised computer flooring and the long-term industrial lease for an electronics supply company in Phoenix highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Rick Foss negotiated the sale of a 10,161 SF industrial property, representing the buyer, Pacific Desert, LLC, for $1.129 million. The property is located at 503-505 E. Boston Circle, Chandler, AZ. David Bean and Leroy Brienholt with Commercial Properties represented the seller, Eric J. & Susan D. Cassinat and Anthony & Cindy L. Cassinat.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of 10.76 acres of land, representing the seller, Continental 187 Fund, LLC, for $625,000. The property is located at the NWC of US-60 and Goldfield Road, Apache Junction, AZ. Matt Rinzler with Insight Land & Investments, LLC represented the buyer, David McHenry and/or Nominee.
Stan Matzinger and Tom Bean, CCIM, negotiated the sale of a 6,000 SF industrial property, representing the buyer, 2315, LLC, for $430,000. The property is located at 2315 E. Washington St., Phoenix, AZ. Andrew Brigham with CBRE represented the seller, Lawrence DeRogatis.
Laurel Lewis, Barbara Lloyd and Lane Neville negotiated the sale of a 5,929 SF office building, representing the seller, Troon, LLC, for $385,385. The property is located at 10051 E. Dynamite, Scottsdale, AZ. Gary Schultz with West USA represented the buyer, H & S Enterprises, LLC.
Matt Harper negotiated the sale of a 960 SF retail property, representing the buyer, Purple Elephant Cakes, LLC, for $180,000. The property is located at 13331 W. Indian School Rd., Litchfield Park, AZ. Linda Robbins with Avison Young represented the seller, Jana Bakery, LLC.
Lease Transactions:
Isy Sonabend represented the tenant, Elliott Electric Supply in an 87-month industrial lease for 62,900 SF at 121 S. 39th Ave., Phoenix, AZ. Don MacWilliam with Colliers International represented the landlord, Sieroty DBA Eastern Columbia Properties.
Tyler Smith represented the landlord, Meridian West Rose Garden, LLC in a 65-month medical office lease for 10,556 SF at 20950 N. 29th Ave., and 2925 West Rose Garden Lane, Phoenix, AZ. Mari Lederman with CBRE represented the tenant, Cancer Treatment Center of America Professional Corporation of Arizona, P.C.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, The Market at Estrella Falls, LLC in a 60-month retail lease for 1,502 SF at 1981 North Pebble Creek Parkway, Goodyear, AZ. Donna Reece with Zell Commercial Real Estate Services, Inc. represented the tenant, Lipsey Communications, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, LNR Partners, LLC in a 120-month retail lease for 1,400 SF at 20987 N. John Wayne Parkway, Maricopa, AZ. Mark Haslip with Menlo Group represented the tenant, Maricopa Smiles, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega, Patrick Anthon and Tom Bean represented the landlord, New Bell Tower, LLC in an 84-month retail lease for 2,500 SF at 4915 W. Bell Rd., Phoenix, AZ.
Laurel Lewis represented the tenant, MTI America, Inc. in a 39-month lease for 3,036 SF at 1711 Greentree Dr., Tempe, AZ. Pat Schrimsher with Cushman & Wakefield represented the landlord, DIG Agave Center, LLC.
Tyler Smith represented the tenant, Dental Facial Imaging, LLC in a 62-month medical office lease for 1,788 SF at 17235 N. 75th Ave., Glendale, AZ. Bill Cook with Plaza Companies represented the landlord, Holualoa Arrowhead Executive, LLC.
Matt Harper represented the tenant, Jodi White-Guthrie and Michael Guthrie in a 62-month industrial lease for 2,849 SF at 20650 N. 29th Place, Phoenix, AZ. Jim Stockwell with CPI represented the landlord, H&A Ventures, LLC.
Tyler Smith represented the tenant, Magnus Title Agency, LLC in a 60-month office lease for 2,005 SF at 8190 S. Kyrene Rd., Tempe, AZ.
Stan Matzinger and Tom Bean, CCIM represented the landlord, 10240 Bell Road Associates, LLC in a 61-month office lease for 1,854 SF at 10240 W. Bell Rd., Sun City, AZ.
Rick Foss represented the landlord, Gerald M. and Diane M. Olson Revocable Living Trust in a 61-month industrial lease for 4,000 SF at 111 N. 30th St., Phoenix, AZ. Jack Stone with JMS Commercial Real Estate Services, LLC represented the tenant, Consumer Advocacy Projects, Inc.
Jeff Adams represented the tenant, Adams Disaster and Restoration, Inc. in a long-term lease for 3,164 SF at 1716 W. Broadway Rd., Mesa, AZ. Rod Corrty and Brad Burress represented the landlord, Zimmerman Commons II, LLC.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6GT, LLC in a 41-month retail lease for 1,200 SF at 5830 W. Thunderbird Rd., Glendale, AZ.
Matt Harper represented the landlord, Allan Edward Slatin Trust in a 5-year retail lease for 1,000 SF at 4744 E. Thunderbird Rd., Phoenix, AZ. Jim Edwards with Rein & Grossoehme represented the tenant, TLC Therapies, LLC.
Matt Harper represented the landlord, M&N Realty, LLC in a 24-moonth retail lease for 1,233 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ.
Matt Harper represented the tenant, Doggy Stylez Grooming and Boarding, LLC in a 28-month retail lease for 1,200 SF at 12416 N. 28th Dr., Phoenix, AZ.
Matt Harper represented the landlord, E & L Investments, LLC in a 12-month retail lease for 1,000 SF at 2647 W. Glendale Ave., Phoenix, AZ.
Matt Harper represented the landlord, Hillcrest Plaza, LLC in a 12-month retail lease for 420 SF at 1241 E. Broadway Rd., Mesa, AZ.
by Peter Madrid | Feb 27, 2018 | News & Updates
PHOENIX, ARIZONA – February 27, 2018: NAI Global, a leading, global commercial real estate firm, earned the No. 4 spot in the 2018 Lipsey Survey of Top 25 Commercial Real Estate Brands. NAI Horizon is an office of NAI Global.
The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews, and focus groups to identify the top global brands.
“We are proud that the strength of NAI Global is reflected in the results of this year’s Lipsey survey,” said Terry Martin-Denning, President and CEO of NAI Horizon. “Earning this recognition when all NAI firms are locally owned speaks to the power of our network.”
The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment. The 2018 survey results can be found here lipseyco.com/brand-survey/.
by Peter Madrid | Feb 27, 2018 | News & Updates
PHOENIX, ARIZ. (February 27, 2018) – As healthcare for Americans becomes a topic everyone seems to be talking about, the real estate industry is listening intently and looking for solutions for the delivery of services.
Facilities are now acting as catalysts for the total health of communities through intentional planning, design, and construction.
CoreNet Global Arizona’s March 21 event at the Phoenix Airport Hilton explores this topic with Terry J. Wood, Vice President Real Estate National Facilities Services for the Kaiser Foundation. Mike Brinkley of Pacific Medical Buildings will serve as facilitator.
Kaiser Permanente is an American-integrated managed care consortium based in Oakland, California. It was founded in 1945 by industrialist Henry J. Kaiser and physician Sidney Garfield.
Its quality of care has been highly rated and attributed to a strong emphasis on preventive care. As of 2017, Kaiser Permanente operates in eight states including Hawaii, Washington, Oregon, California, Colorado, Maryland, Virginia, Georgia,) and the District of Columbia. It is the largest managed care organization in the U.S.
The presentation is scheduled for Wednesday, March 21, at the Hilton Phoenix Airport Hotel, 2434 S. 47th St., Phoenix. The event begins at 11:30 a.m. Registration is $35 for CoreNet Global Arizona members and $70 for non-members. Register here.
