by Peter Madrid | Apr 5, 2018 | News & Updates
PHOENIX, ARIZ. (April 5, 2018) – CoreNet Global Arizona is taking part in a Habitat for Humanity Build Day on April 21 from 6:30 a.m. to 1 p.m. at the Kala Roy Home, 921 S. Montezuma St., in Phoenix.
CoreNet Global Arizona is looking for volunteers interested in participating in this build day. No construction experience is necessary. Volunteers are guided by trained Habitat leaders through the task of the day.
Participating in Habitat for Humanity Build Days helps bring affordable housing to local families and giving people a shot at an improved life. Benefits include better health and education as the result of kids who grow up in a Habitat home.
“CoreNet Global Arizona is proud to partner with Habitat for Humanity to build strength, stability, and self-reliance in the community,” said Simon Davis, President of CoreNet Global Arizona. “We are excited to help raise awareness that we can build self-reliance through shelter. We look forward to working hard, having fun with this event and changing the world one person at a time.”
Click here to register.
by Peter Madrid | Apr 4, 2018 | News & Updates
PHOENIX, ARIZ. (April 4, 2018) – KatzDesignGroup recently provided full scope interior design for the first medical marijuana dispensary to open in Chandler, Ariz.
Territory Dispensary opened its doors March 9 at 7200 W. Chandler Blvd., Suite 7, in one of the Southeast 
Valley’s most desirable cities.
“We met our goal by making this modern space feel open and inviting for all to enjoy,” said KatzDesignGroup Principal Beth Katz. “People have commented that they feel like they have entered the Apple store of dispensaries.”
KatzDesignGroup designed the 1,600-square-foot open space with custom backlit display tables, jewelry-store-style point-of-sale stations, distressed wood cabinets, wood and steel suspended product displays, and custom topography wallpaper.
Special design features are the branded “topography lines” routed into the concrete in Territory orange and an oversized fabric tarp in Territory blue suspended over the display tables.
“As the first dispensary to open in Chandler, it is positioned to make its patrons feel as comfortable walking 
into Territory to purchase product as they would walk into a Patagonia store to purchase a watch or hat,” Katz said. “The space exudes a lifestyle product brand that focuses on health and wellness.”
Territory is owned and operated by James Christenson, Dixon Oats, Nic Peterson, and Rodney Hu.
Other team members include Adam Dalke, PRH Construction; Michael Hall, architect of record; AWE Collective; Vallelonga Structural Engineering; Associated Mechanical Engineering; and Tuley Engineering.
by Peter Madrid | Apr 3, 2018 | News & Updates
PHOENIX, ARIZ. (April 3, 2018) – Education is one of the fundamental factors of economic development. No municipality or state can achieve sustainable economic development without substantial investment in human capital.
The Phoenix chapter of Lambda Alpha International (LAI) presents “Education and Its Impact on Economic Development” at its April 10 lunch at Arizona Country Club, 5668 E. Orange Blossom Lane, Phoenix.
Panelists include Dave Stakebake, Assistant Director of Strategic Employer Development for Career and Professional Development Services at Arizona State University; Christine Thompson, President and CEO of Expect More Arizona; and Rachel Yanof, Executive Director of Achieve60AZ.
The event begins with registration and networking at 11:30 a.m. The presentation begins at noon. Registration fee is $45 for LAI Arizona members and $65 for non-members. Lunch is included. Click here to register.
by Peter Madrid | Apr 2, 2018 | News & Updates
PHOENIX, ARIZ. (April 3, 2018) – AZCREW, the leading organization for senior-level executive women in the Metro Phoenix real estate field, kicks off April with two relevant and informative programs: its Women In Action event and its annual Multifamily Market Update.
AZCREW presents Kathy B. Dempsey, CSP, RN, MED, on April 12 for her presentation: “Shed For Success: How to stay alive and thrive in the midst of change. Millions of dollars and thousands of hours are lost by organizations each year due to the inability to get members and leaders to move forward with change.
Among her topics, Dempsey will address overcoming barriers in embracing change and creating a game plan.
The event begins April 12 at 7:30 a.m. with registration and networking at the E-center at the Esplanade, 2501 E. Camelback Rd., Suite 50, Phoenix. The program begins at 8 a.m. and ends at 11:30 a.m. Breakfast will be served. Registration is $60 for AZCREW member; $75 for non-members.
AZCREW’s Multifamily Market Update is scheduled for April 17 at Phoenix Country Club, 2901 N. 7th St., Phoenix. Networking begins at 11:30 a.m. The program begins at noon.
Speakers include the Cooke Team from Colliers International: Senior Executive Vice President Cindy Cooke and Executive VP Brad Cooke; and Karl Abert, Senior VP, Kidder Mathews.
Early registration for members is $40 ($45 after April 6); non-member pre-registration is $65, $85 at the event. Lunch is included. Register here, click on the Events link.
by Peter Madrid | Apr 2, 2018 | News & Updates
PHOENIX, ARIZ. (April 3, 2018) – Duck Soup, a long-time musical favorite among local golf enthusiasts, is returning to the Valley on April 13 and will perform at the after party of the Fifth Ever Golf Gala hosted by CRENAB.
The Austin, Texas-based band will perform from 4 p.m. to 7 p.m. at the Biltmore Golf Course, 2400 E. Missouri Ave., in Phoenix.
CRENAB is a commercial real estate industry networking group.
“We’re billing our event as the ‘CRENEST After Party,’” said CRENAB organizer Joseph McGovern. “Our golf event has always been a huge and is sold out again this year. We’re hoping those who have enjoyed Duck Soup over the years at the Valley’s professional golf tournament will come hear them again.”
The annual CRENAB golf tourney benefits St. Joseph The Worker, which assists the homeless, low-income, and other disadvantaged individuals in their efforts to become self-sufficient through quality employment.
Tickets to the Duck Soup event are $20 before April 10; $25 after that date. For more information and to purchase tickets for the CRENEST After Party, visit www.fifthever.com.
by Peter Madrid | Mar 29, 2018 | News & Updates
PHOENIX, ARIZ. (March 29, 2018) — BOMA Greater Phoenix, which advances commercial real estate through advocacy, influence, and knowledge, was one of two industry groups to register in favor of a Prop. 301 extension of the 0.6 cent state sales tax (TPT) to continue putting more money into Arizona classrooms.
The Arizona Legislature last week passed and sent to Gov. Doug Ducey the Prop. 301 extension that funds K-12 education in Arizona by approximately $600 million per year.
The vote on SB1390 was 53-6 in the House and 26-4 in Senate and was passed in one day. The only significant tweak to existing law is it redirected $64.1 million that was for capital bonding to have that money also go into the classroom (Classroom Site Fund).
“While there were a myriad of groups and individuals that supported this bill including the Arizona Chamber of Commerce and the Arizona Tax Research Association, BOMA (Building Owners and Managers Association) and CREED (Commercial Real-estate Executives for Economic Development) were the only two commercial real estate groups to register in favor,” said BOMA Greater Phoenix Executive Director Tim Lawless.
The passage was as a legislative bill rather than a referral to the ballot. The Legislature now retains control to make tweaks to the funding buckets on a moving-forward basis. If it had been passed by voters, it would have been Prop. 105 protected, which would require supermajorities to amend or further the intent.
“The reason this was wise to support is we are now on official record in support of K-12 education and the expenditure of new resources,” Lawless said. “This will give us credibility and a seat at the table when the discussion now moves to funding sources and an additional $400 million per year that the education lobby will seek by the 2020 ballot.
“While we would not prefer this new funding to be a new statewide property tax, we need to be flexible should this be put on the table so we can pursue greater property tax fairness and equity for all businesses that pay as much into supporting K-12 as everyone else,” Lawless said.
by Peter Madrid | Mar 27, 2018 | News & Updates
PHOENIX, ARIZ. (March 27, 2018) – The Arizona Chapter of NAIOP recognized the best in commercial real estate on March 22 at the annual Best of NAIOP event. Nearly 1,000 commercial real estate professionals attended the celebration which was held at the JW Marriott Scottsdale Camelback Inn Resort & Spa.
Pete Bolton, who mentored generations of commercial real estate professionals and managed four companies, was honored with the Award of Excellence. After more than 30 years in the industry, Bolton launched Pete Bolton Company in 2017.
NAIOP Arizona’s Award of Excellence is awarded by the Arizona Chapter Board of Directors on an annual basis at the Best of NAIOP event. The recipient must be an individual who has made a significant, positive impact on the commercial real estate market in Arizona over a period of at least 15 years and has made direct volunteer contributions to NAIOP.
The Owner/Developer of the Year went to ViaWest Group, which also won Office Tenant Improvement of the Year (Less Than 30,000 SF) for Integrate at The Monroe. It was also a big night for Willmeng Construction, which won Firm of the Year. The Talk of the Town, presented by the Phoenix Business Journal, went to Biltmore Center. Willmeng Construction was the General Contractor and ViaWest Group was the Owner/Developer on this outstanding project.
In the brokerage awards, Cushman & Wakefield won Brokerage Firm of the Year. CBRE took home top honors for Emerging, Office, Healthcare, and Rookie brokers of the year. Cushman & Wakefield won Industrial and Investment brokers of the year. The complete list of winners can be found below.
The 2017 Best of NAIOP winners (alpha by award title):
Architect of the Year: Butler Design Group
Award of Excellence: Pete Bolton, The Pete Bolton Company
Brokerage Firm of the Year: Cushman & Wakefield
Developing Leader of the Year: Jenna Borcherding, JLL
Emerging Broker of the Year: Chris Marchildon, CBRE
Firm of the Year: Willmeng Construction, Inc.
General Contractor of the Year: Layton Construction
Healthcare Broker of the Year: Kate Morris & Vince Femiano, CBRE
Industrial Broker of the Year: Andy Markham, Mike Haenel & Will Strong, Cushman & Wakefield
Industrial Build-to-Suit Project of the Year: Conair
Industrial Tenant Improvement of the Year: Huhtamaki
Interior Architect of the Year: Phoenix Design One, Inc.
Investment Broker of the Year: Eric Wichterman, Cushman & Wakefield
Medical Office Project of the Year: Arizona Oncology
Office Broker of the Year: Kevin Calihan & Bryan Taute, CBRE
Office Build-to-Suit of the Year: Farmers Insurance
Office Tenant Improvement of the Year (Less Than 30,000 SF): Integrate at The Monroe
Office Tenant Improvement of the Year (More Than 30,000SF): Marina Heights Building 600
Owner/Developer of the Year: ViaWest Group
Redevelopment Project of the Year: The Quad
Retail Broker of the Year: Darren Pitts, Velocity Retail Group
Retail Project of the Year: Alliance Bank – Gilbert
Rookie Broker of the Year: Stephen Sonntag, CBRE
Spec Industrial Project of the Year: PV | 303 Spec Building A
Spec Office Project of the Year: The Grand at Papago Park Center – Building One
Sustainable Project of the Year: Liberty Center at Rio Salado – Building 3
Talk of the Town: Biltmore Center
Tenant Improvement Contractor of the Year: Layton Construction
Tenant Representative Broker of the Year: Pat Williams, JLL
Transaction of the Year: Marina Heights
by Peter Madrid | Mar 26, 2018 | News & Updates
PHOENIX, ARIZONA (March 26, 2018) – The sale of a contractor’s warehouse in Mesa and a land sale, 15 acres within Maricopa County, highlight recent transactions closed by NAI Horizon professionals.
Sale Transactions:
Rick Foss and Tom Bean, CCIM, negotiated the sale of a 12,436 SF property, representing both the buyer, YBL, LLC, and the seller, DMW Properties, LLC, for $2.675 million. The property is located at 10646 E. Pecos Road, Mesa, AZ.
Mark Wilcke negotiated the sale of a 15-acre plot of land, representing the buyer, United States of America, for $907,200. The property is located south of the SEC of Litchfield Road and Glendale Avenue in Maricopa County. Chad Russell with Land Advisors represented the seller, M&S Land Investment Company, LLP.
John Toben negotiated the sale of a 7,100 SF office property, representing the seller 16th Street Property Investments, LLC, for $800,000. The property is located at 7325 N. 16th St., Phoenix, AZ. Jacques-Henri Munro with Munro Realty International represented the buyer, ADLS Inc.
Rick Foss negotiated the sale of a 1.832-acre land property, representing the seller, Nelson AZ Properties, LLC, for $466,841. The property is located at 0 E. Corporate Place, Chandler, AZ. Kent Hanson with Cushman & Wakefield represented the buyer, Unique Companies, LLC.
Laurel Lewis, Barbara Lloyd, and Lane Neville negotiated the sale of a 3,900 SF office property, representing the seller, Troon, LLC, for $270,883. The property is located at 10031 E. Dynamite, Units 200, 205 and 210, Scottsdale, AZ.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, The Market at Estrella Falls, LLC, in a retail lease with Party City for 15,068 SF at 1981 N. Pebble Creek Parkway, Goodyear, AZ.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Queen Creek Fiesta, LLC, in a 120-month retail lease with Five Guys Burgers for 2,405 SF at 21545 S. Ellsworth Loop Rd., Queen Creek, AZ. Ben Craney with NAI Horizon – Tucson represented the tenant.
Tyler Smith represented the tenant, Landmark Title Assurance Agency of Arizona, LLC, in a 63-month lease at 7047 E. Greenway Parkway, Scottsdale, AZ. Mike Strittmatter with CBRE represented the landlord, JPMCC 2007-CIBC19 East Greenway, LLC.
Barbara Lloyd and Tom Bean, CCIM, represented the landlord, Tempe CC, LLC, in a 60-month office lease for 2,604 SF at 4515 S. McClintock Dr., Tempe, AZ. Tim Whipple with West USA Commercial represented the tenant, Coelho & Associates.
Matt Harper represented the landlord, Hope Thunderbird, LLC, in a 60-month retail lease for 1,584 SF at 13702-4 N. 51st Ave., Glendale, AZ.
Tom Bean, CCIM, represented the tenant, Delante Solutions, LLC, in a 66-month retail lease for 825 SF at 960 W. University Dr., Tempe, AZ. Trent Rustan with CPI represented the landlord, 32 Gallon Investments, LLC.
Matt Harper represented the landlord, Puchhi, Inc., in a 12-month retail lease renewal for 1,020 SF at 9501 W. Peoria Ave., Peoria, AZ.
Matt Harper represented the landlord, Hillcrest Plaza, LLC, in a 12-month retail lease for 820 SF at 1241 E. Broadway Road, Mesa, AZ.
by Peter Madrid | Mar 21, 2018 | News & Updates
PHOENIX, ARIZONA (March 21, 2018) – NAI Horizon represented the seller in the $6.3 million sale of a flex building that will be converted into a music venue at 8445 E. Hartford Dr., in the highly-sought after Scottsdale Airpark submarket.
NAI Horizon Senior Vice Presidents Troy Giammarco and Tyler Smith represented C.R.C. Investments LLC, of Paradise Valley, an Arizona limited liability company, in the sale of the 30,000-square-foot building.
“We were pleased to obtain the full asking price for the property,” said Giammarco, who added it was one of the highest prices paid for a flex building in Perimeter Center in Scottsdale. “All parties involved collaborated to find solutions to everyone’s ultimate satisfaction. The new owner/occupiers will create an incredible music venue and ministry. We thank everyone for all their hard work.”
The building (55 percent office and 45 percent manufacturing) previously housed the headquarters for a natural supplement company.
by Peter Madrid | Mar 19, 2018 | News & Updates
PHOENIX, ARIZONA (March 19, 2018) – NAI Horizon Senior Vice President Rick Foss and Vice President Tom Bean, CCIM, represented the buyer and the seller, respectively, in the $2.675 million acquisition of a contractor’s facility at 10646 E. Pecos Rd., in Mesa, Arizona.
NAI Horizon negotiated the sale of the 12,436-square-foot property on behalf of DMW Properties LLC, an Oregon limited liability company.
“Wilson Construction Company made good use of this premier contractor’s facility since acquiring it in 2008,” Bean said. “With more new business developing in the West Valley, the decision was made to sell the property and relocate to a central location to better serve its clients in the Valley. Wilson Construction Company continues to expand its business throughout Metro Phoenix.”
The buyer was YBL LLC, an Arizona limited liability company whose corporate office is located in Peoria, Arizona.
“Younger Brothers acquired this facility to support the expansion of their numerous businesses related to residential construction,” Foss said. “This acquisition will specifically support their work on the Eastmark project and other residential development activity in the Southeast Valley in the future.”
YBL, which also operates as Liberty Lumber, is a contractor of residential and commercial lumber and supplies. It is moving its operations to the Mesa facility, which sits on 5.47 acres.
