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.
by Peter Madrid | Feb 24, 2018 | News & Updates
Promotions, new hires highlight firm’s commitment to diversity
PHOENIX, AZ (February 27, 2018) – MEB Management Services has strengthened its commitment to a diverse workforce by promoting four women and hiring one each in two offices as it continues to bolster its footprint in the Southwest.
The growth and promotions come as the Phoenix firm, which provides management services to all types and qualities of multi-family assets, celebrates its 20th anniversary.
The promotions:
>> Ann Boomsma, CPM, promoted to Vice President, Phoenix: Boomsma has been with MEB since 2000. As one of its newly promoted Vice Presidents, she is accountable for all management, operational, and financial aspects for more than $300 million in multi-family assets in Texas and Arizona. Boomsma, who also assists with new business development and training, has been in the property management industry for more than 20 years.
A graduate of the University of Wisconsin-Madison with a degree in business/marketing, she holds an Arizona real estate license and is a Certified Property Manager through the Institute of Real Estate Management (IREM). Boomsma recently completed the Arizona Lyceum Leadership course through the Arizona Multi-housing Association (AMA).
Boomsma has served on numerous AMA committees, partnering with UMOM. She has also served as a board member for the Thomas J. Pappas School for Homeless Youth. Boomsma is a two-time winner of the AMA’s Tribute Award. In 2006 she was Volunteer of the Year and in 2012 she was Regional Property Supervisor of the Year.
Luz Bruscini
>> Luz Bruscini, CPM, ARM, promoted to Vice President, Tucson: Bruscini has been with MEB since 2006 and manages all asset classes including student housing and value-add properties. She will directly oversee MEB operations in New Mexico and assist with Tucson operations.
Bruscini holds an Arizona broker’s license and is a Certified Property Manager through the Institute of Real Estate Management (IREM). Bruscini completed the Arizona Lyceum Leadership course through the Arizona Multi-housing Association (AMA).
Bruscini is accountable for all management, operational, and financial aspects for more than $300 million in multi-family assets in New Mexico and Arizona. She assists with new business development and training. Bruscini has been in the property management industry for more than 20 years.
She has served on numerous AMA committees, has served as the IREM Tucson-Southern Arizona Chapter president and currently serves on the board. Bruscini is active in the Tucson community and supports Our Family Services and the town of Kino, Mexico.
Debbie Holder
>> Debbie Holder, promoted to Senior Asset Director, Phoenix: Holder has been with MEB since 2004. She has more than 20 years of experience in the property management industry. She was the catalyst in creating value and leading to the largest multi-family real estate transaction in Arizona.
The Bethany Group’s acquisition of Bascom Arizona Ventures’ 12-apartment property portfolio was the largest multifamily sale in Arizona history in price and number of units. At $427.5 million and more than 5,000 units, the per-unit price was about $82,500 for primarily class B properties located in Metro Phoenix. Holder oversaw the operations, renovations, and lease-up. Her managerial expertise was the critical factor in realizing this historical transaction.
Holder volunteers her time and gives back to the community with Save the Family, an organization dedicated to helping women and children.
Lori Gillespie
>> Lori Gillespie, promoted to Director and Business Controller, Tucson: Gillespie, who has been with MEB for 12 years, was promoted from Executive Assistant. She will supervise Tucson corporate administrators and front office, accounts payable department, and payroll department. She will also oversee incident reports and legal issues.
Gillespie is a native of Albuquerque and grew up in Tucson. She is actively involved with AMA and IREM. She volunteers with Tucson Big Hearts, Our Family Services, and the Julie Hurst Scholarship Fund.
“These promotions and hires are a testament to the culture of diversity and inclusiveness at MEB,” said Mark Schilling, Senior Vice President of Operations and Principal of MEB Management Services. “As we celebrate our 20th anniversary we also celebrate, and are proud of, our growth in Arizona and in the Southwest.”
The new hires:
Kelley Lee
>> Kelley Lee, Asset Director, Albuquerque: Lee has served in many leadership roles in the multi-housing industry since 2006. She oversees the repositioning of assets; managing private and public housing including senior housing; and working with an array of government-subsidized programs such as HUD, USDA, and Low-Income Housing Tax Credit (LIHTC).
Lee is native of Alamogordo, N.M., and resides in Albuquerque. She holds a Masters degree in organizational management. She will provide oversight of all aspects of operations of more than 1,200 units. She joins MEB after serving as Program Manager for the Bernalillo County Behavior Health Department for the past two years. She also possesses 20 years of property management experience.
Leslie Stephens
>> Leslie Stephens, Asset Director, Tucson: Stephens started her career in 1991 in regional oversight of multi-family and commercial projects. She has served a CEO, a vice president of marketing, and an asset manager working with third party, ownership, and fund management operations.
Stephens is a licensed Real Estate Broker in Arizona and a member of the AMA. She has served on the board and is a member of IREM and a Certified Property Manager (CPM) candidate. She has served on several AMA committees, chaired the membership committee, and taught the marketing section of the CAM class in Las Vegas, Nevada, in the early 90s.
She previously was Assistant VP of asset management at PRG Real Estate and oversaw its Western Region portfolio. She also worked for Prime Group in Los Angeles, where she was responsible for more than 2,200 units. Stephens also served as a district manager for the commercial division of Nicolosi & Fitch in Tucson and as an asset manager at Sun America in Los Angeles.
Stephens is a native of Mobile, Alabama, and was raised in Oklahoma and Texas.
by Peter Madrid | Feb 20, 2018 | News & Updates
PHOENIX, ARIZONA (February 20, 2018) – NAI Horizon’s retail team negotiated a long-term lease on behalf of the landlord for a Party City location at The Market at Estrella Falls, 1981 N. Pebble Creek Parkway, in Goodyear, Arizona.
The NAI Horizon Retail Properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented the landlord, The Market at Estrella Falls LLC of Glendale, Arizona, in the lease transaction totaling $2.847 million.
“This will be a relocation from across the street,” Tworek said. “It’s a great complement to our existing soft goods users within the shopping center.”
Party City will occupy 15,068 square feet at the Goodyear power center that totals 355,000 SF. Some of the retailers include Old Navy, Cal Ranch, T.J. Maxx Home Goods, Dollar Tree, and Petco.
The tenant, Party City Corporation of Rockaway, New Jersey, was represented by Neil Board of Western Retail Advisors.
by Peter Madrid | Feb 13, 2018 | News & Updates
PHOENIX, ARIZONA (February 13, 2018) – NAI Horizon Senior Vice President Rick Foss represented the buyer in the $1.129 million sale of a 10,161-square-foot industrial building at 503-505 E. Boston Circle in Chandler, Ariz.
NAI Horizon represented Pacific Desert, LLC of Phoenix in purchasing the industrial building that sits on almost one acre of land. The property will be utilized by a business that sells and installs raised computer flooring.
“They buyer acquired this specific property to better serve its existing clients and expand for future business growth,” Foss said.
The sellers, Eric J. and Susan D. Cassinat and Anthony and Cindy L. Cassinat of Gilbert, Ariz., were represented by David Bean and Leroy Brienholt of Commercial Properties Inc.
by Peter Madrid | Feb 6, 2018 | News & Updates
PHOENIX, ARIZ. (February 6, 2018) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, named Daniel Mazzon and Jessica Allen as chair and vice chair of its Young Professionals Group for 2018.
Daniel Mazzon
Mazzon, Sales Marketing Manager for Allied Universal Janitorial Services, has been a BOMA member since 2016 and will serve as YPG chair this year. Allen, a member of BOMA since 2014, is a property manager with Lincoln Property Company. She manages Luhrs City Center in Downtown Phoenix.
“Our goal in 2018 is to create original concepts that benefit both sides of the business,” Mazzon said. “We will achieve this through quarterly events that appeal to professionals of all levels in the commercial real estate community.”
The first BOMA and YPG community impact event of 2018 is this Saturday, Feb. 10, in conjunction with the nonprofit group Rekindle. “Second Chance Saturday” begins at 1:45 p.m. at 76 S. 12th Ave. in Downtown Phoenix.
“We’re encouraging attendees to bring cases of water, clothes, beverages, backpacks, and supplies to hand out to the homeless,” Allen said. “2018 will be a big year for community impact, building relationships, and business growth.”
Jessica Allen
YPG’s 2018 events include BOMA Battle of the Buildings; BOMA Bidding Wars; BOMA Battle of the Bands; Young Professionals Summer Splash; and Young Professionals are coming to town Toy Drive during the holiday season.
Rekindle invites the public to the homeless shelter the second Saturday of each month to volunteer. It’s an opportunity for other local groups and individuals to team up BOMA to host their own table at the homeless shelter.
“We bring our own tables and set up our own services,” Allen said. “One table will have backpacks/bags, the next one will have socks, the next one washcloths. We get donations of food as well as ice cold beverages, popsicles, a massage booth, and haircut station. The idea is to get people clothed, looking good and feeling good and bring kindness to the world.”
by Peter Madrid | Feb 5, 2018 | News & Updates
PHOENIX, ARIZONA (February 5, 2018) – The Institute of Real Estate Management (IREM) celebrated its 85th year as a leader in the real estate industry with an evolved brand position and a fresh new look to reflect its future initiatives.
IREM is an international organization of 20,000 individuals whose goal is to advance the profession of real estate management through training, professional development, and collaboration.
The Greater Phoenix Chapter of IREM comprises more than 280 professional commercial and residential real estate managers. The chapter supports its members through mentoring, career support (IREM education courses are nationally and internationally recognized and offer designations and certifications for all levels of property management), scholarships, and networking events and speakers.
IREM offers monthly events at which members can meet and network. The local chapter also brings in speakers who share their expertise and insight on various topics.
“We are very excited to implement our new brand initiative and positioning,” said Genna Goldberg, CPM, Senior Property Manager with The Muller Company in Phoenix. “We think it communicates IREM’s unique value and boosts our members’ ability to compete in a changing marketplace.
“The goal is to be globally recognized as a go-to resource for both residential and commercial real estate management, and for those who hold IREM credentials to be sought out for their expertise and professional ethics,” Goldberg said.
The goal of IREM’s rebranding was to honor its long history and also demonstrate that IREM is a champion of the real estate management industry, supporting professionals through all stages of their careers – from college students to young professionals to industry veterans.
“The goal of this rebrand was really two-fold,” said J. Benjamin McGrew, CPM, CCIM, 2018 IREM President of FiduciaryWest in Reno, Nevada. “One, we wanted to differentiate and reposition IREM’s image in the marketplace. We feel we have a unique value proposition that separates us from others in the industry – helping property and asset managers grow and advance throughout their entire careers through training, development, and collaboration.
“Second, we really wanted to optimize the IREM brand to appeal to young professionals. We know that our profession is aging, and we want to attract young professionals and millennials, and show that real estate management is a worthwhile and rewarding career choice. We want to inspire pride in our field.”
To learn more about IREM, visit IREM.org.
by Peter Madrid | Jan 30, 2018 | News & Updates
PHOENIX, ARIZ. (January 30, 2018) – Brick and mortar. E-commerce. Downsizing. Adaptations in the marketplace. Changes to the liquidation process.
With the retail environment in today’s real estate market constantly changing, all are topics relevant – both locally and nationally. These issues will be discussed as the Phoenix chapter of Lambda Alpha International (LAI) hosts Finding the Remedy to Retail on Feb. 21 at Arizona Country Club.
Moderating the panel will be Hillary Barnes of Alan Barnes & Jones, LLC. The panelists are Joshua Simon, SimonCRE; Drew Reich, ClearVision Business Advisors; and Craig Ganz, Ballard Spahr.
“This panel discussion will be fascinating, learning where the experts see the tumultuous retail market heading,” said Chaz Smith of Colliers International, president of LAI Arizona. “So much is happening in the retail market, both locally and nationally.”
The Feb. 21 event at Arizona Country Club, 5668 E Orange Blossom Lane in Phoenix, begins with registration and networking at 5:30 p.m. The panel discussion begins at 6 p.m. Registration fee is $45 for LAI Arizona members and $55 for non-members. Click here to register.
