Great article in the Phoenix Business Journal on the success of small businesses in Arizona. Read the complete story at the link below.
Survey: Arizona’s small businesses beating national numbers
PHOENIX, ARIZONA (April 20, 2017): The NAI Horizon investment sales team of Senior Vice Presidents Lane Neville and Barbara Lloyd represented the seller in the $2.7 million sale of the Shops at Kohl’s, a retail property located at 4645 E. Chandler Blvd., in Phoenix.
The seller, DROF I-1, LLC of Phoenix, was represented by NAI Horizon.
The retail property totals 11,400 square feet and is 100 percent occupied. The retail center was built in 2003 and is zoned C-2 in the City of Phoenix. The infill retail location is anchored by Kohl’s.
“Our seller built value in this asset by committing capital investment and pursuit of a quality new leasing campaign,” Neville said. “The repositioning of this asset over the past few years, through full occupancy, was memorialized this week with the sale to a good buyer at market price.
“This asset sale was a nationally-based, competitive process where multiple potential buyers were ultimately eliminated by the eventual buyer,” Neville said. “Being part of the disposition of a quality asset, it is nice to see your client’s hard work pay off with a successful sale.”
The property is one-half mile west of Interstate-10, west of the SWC of Chandler Boulevard and 48th Street. Tenants include State Farm, Sports Clips, Payless Shoes, Thai Delight, Bamboo Nails, and Arizona School of Rock.
The buyer, Koloa Ventures II, LLC of Honolulu, Hawaii, was represented by CBRE.
PHOENIX, Ariz. (April 18, 2017) – The 2016 winners presented an outside-the-box proposal for a complicated, 16-acre site located on the northwest corner of Rural Road and University Drive in Tempe known as Fraternity Row.
How will this year’s winning team dazzle the judges?
Three teams of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program will compete for cash prizes of $1,000 per team member at the fourth annual REIAC/Rockefeller Group Challenge May 4 at Arizona Country Club, 5668 E. Orange Blossom Lane, in Phoenix.
The event is open to the public. Cost is $35 for non-REIAC members and $25 for students. Registration and networking begin at 4 p.m., followed by the program at 4:30 p.m. A networking mixer begins at 5:30 p.m. It includes hosted beverages and appetizers.
Each team is allotted 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team immediately after the presentations, awarding each winning team member a $1,000 check at the Challenge, up to $6,000.
“We are pleased to be associated with the annual MRED/REIAC/Rockefeller Group Challenge,” said Mark Singerman, president of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor.
“This is a great way for all the participating teams to field questions and comments on their solutions from experienced developers and investors. There are actually no losers in this competition.”
Last year’s winning team, ICON Development, focused its efforts on attracting high-level tenants in a build-to-suit arrangement as opposed to a speculative development. The team included Michael Beck, Amanda Donner, Kammy Harding and Kristjan Holm. Its presentation was titled “Generate Revenue for Athletics with Athletics.”
It combined a sports training facility (EXOS) next to Mayo Clinic’s sports medicine research and development facility. Additional uses on the parcel were a hotel and conference space, Class A office space, and a multifamily project.
Registration for the REIAC/Rockefeller Group Challenge is required. Register at www.reiacsouthwest.org/event-2462209.
Phoenix, Ariz., April 13, 2017 – Valley Partnership has announced the topic for its April 21 breakfast. This month’s panel will discuss the economic impact of Luke Air Force base on the Valley and the state of Arizona.
Brigadier General Brook Leonard, Luke’s new Commander of the 56th Fighter Wing, will provide an overview of the base’s current mission and its vision. Luke Air Force base contributes more than $650 million in direct and $2.17 billion in indirect economic impact each year to Arizona’s economy.
“Luke is a major force for Arizona’s employment base and long-term economic stability and growth,” said Cheryl Lombard, CEO and President of Valley Partnership. “It is vital to continue to partner both to protect the operations of Luke Air Force base and encourage creative and sensible development and employment.”
Rusty Mitchell, Luke’s Director of Community Initiatives Team, will moderate the panel. Panelists include Danny Ortega, Vice President, Colliers International; Sean Walters, COO, Sunbelt Holdings; and Nicole Lance, Assistant City Manager, City of Surprise.
Registration begins at 7 a.m.; program begins at 7:45 a.m. To register, please visit www.valleypartnership.org and click on the “Monthly Breakfast” tab. For more information, please contact Carrie Martin at 602.266.7844 or CMartin@ValleyPartnership.org.
SCOTTSDALE, ARIZ. (April 6, 2017) – Four firms and three individuals were honored Tuesday night at the 2017 Society for Marketing Professional Services (SMPS) Arizona Marketing Communications Awards held at Casablanca Rooftop Lounge in Old Town Scottsdale.
The annual event recognizes excellence in marketing and communications by professional services firms in the design and building industries. The SMPS Marketing Communications Awards recognize the individuals and teams who create outstanding communication vehicles for architectural, engineering, design, and construction firms.
More than 70 professionals attended Tuesday night’s event.
Individual awards went to Maisha Christian Hagan, Marketer of the Year, Jokake Construction; Travis McCoy, Schaefer, President’s Choice; and Charlie Crews, Small Giants, Up and Comer.
“This was SMPS Arizona’s fourth annual MCA ceremony and we couldn’t be prouder of the nominees and the winners,” said SMPS Arizona President Maureen Varela, CPSM, of Pulice Construction. “It’s a celebration of recognizing the A/E/C industry’s best and brightest marketers and highlighting innovative campaigns for awards across several categories. The winners set the bar for the industry.”
The 2017 SMPS Arizona Marketing Communications Award winners:
PHOENIX (April 5, 2017) – Grady Gammage Jr., a real estate and zoning attorney and founder of Gammage & Burnham P.L.C., was honored with the Award of Excellence at the 2016 Best of NAIOP last week at the Arizona Biltmore attended by over 1,000 commercial real estate professionals.
Grady Gammage Jr.
Gammage is a part-time professor, a practicing lawyer, an author, a real estate developer, and a former elected official. In his academic role, he is a Senior Fellow at Arizona State University’s Morrison Institute, the Kyl Center for Water Policy, and a Senior Scholar at the Julie Ann Wrigley Global Institute of Sustainability.
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 criteria for the recipient is an individual who has made a significant, positive impact on the office and industrial commercial real estate market in Arizona over a period of no less than 15 years, as well as their direct volunteer contribution to the chapter.
It was also a big night for repeat winners. Ryan Companies US, Inc. took home Firm of the Year, Butler Design Group was named Architect of the Year and JLL claimed Brokerage Firm of the Year. Liberty Property Trust took home two awards: Owner/Developer of the Year and Spec Industrial Project of the Year for Liberty Center at Rio Salado Industrial Building.
In the brokerage awards, CBRE almost made a clean sweep of the evening. It took home top honors for Industrial, Retail, Investment and Healthcare brokers of the year and Emerging Broker and Rookie Broker of the Year. Todd Noel of Colliers International took home two awards: Office Broker of the Year (with Ryan Timpani) and Tenant Rep Broker of the Year.
The 2016 Best of NAIOP winners:
Owner/Developer of the Year: Liberty Property Trust
Firm of the Year: Ryan Companies US, Inc.
Brokerage Firm of the Year: JLL
Architect of the Year: Butler Design Group
Interior Architect of the Year: McCarthy Nordburg, Ltd.
General Contractor of the Year: Willmeng Construction
Tenant Improvement Contractor of the Year: LGE Design Build
Official Sign Sponsor: Trademark
Office Broker of the Year: Todd Noel & Ryan Timpani, Colliers International
Industrial Broker of the Year: Pat Feeney, Dan Calihan & Rusty Kennedy, CBRE
Retail Broker of the Year: Jami Savage-Gray, CBRE
Investment Broker of the Year: Barry Gabel, CBRE
Healthcare Broker of the Year: Kate Morris & Vince Femiano, CBRE
Tenant Representative Broker of the Year: Todd Noel, Colliers International
Emerging Broker of the Year: Michael Strittmatter, CBRE
Rookie Broker of the Year: Jamie Swirtz, CBRE
Developing Leader of the Year: Candace Rosauro, Jokake Construction
Principal Member of the Year: Andrew Cheney, Lee & Associates Arizona
Associate Member of the Year: Kirk Fonfara, Kimley-Horn
Industrial Build-to-Suit of the Year: REI
Industrial Tenant Improvement of the Year: OHL/Geodis Tenant Improvement
Office Build-to-Suit of the Year: Marina Heights – Buildings 300, 400, 450
Office Tenant Improvement of the Year (50K SF or Less): Matson Money
Office Tenant Improvement of the Year (51K SF or More): Banner Health Corporate Headquarters
Economic Impact Project of the Year: SkySong, The ASU Scottsdale Innovation Center
Sustainable Project of the Year: REI
Medical Office Project of the Year: La Ronde Center
Retail Project of the Year: The Colony
Redevelopment Project of the Year: Luhrs City Center
Spec Industrial Project of the Year: Liberty Center at Rio Salado Industrial Building
Spec Office Project of the Year: SkySong, The ASU Scottsdale Innovation Center
Transaction of the Year: Scottsdale Landing (formerly Perimeter Gateway I, II, III and V) and Terra Verde
Talk of the Town: Grand Canyon University Phoenix Campus Expansion
Phoenix, Ariz. (April 4, 2017) – Healthcare continues to be a popular topic, whether talking about healthcare systems or healthcare initiatives.
In recent years, healthcare spending growth has been driven primarily by increased use and intensity of services, according to the American Hospital Association.
Consider the facts:
What does all of this mean for the future of hospitals and healthcare systems? Find out as panelists discuss these topics at CoreNet Global Arizona’s April 27 lunch at Phoenix Country Club.
Panelists include Susan Doria, SVP Strategic Planning, MIHS; Peter Trice, Partner, The Innova Group; Craig Jensen, VP Strategic Planning, HonorHealth; and Bob Campbell, Healthcare Strategist. Mike Brinkley of Land Advisors Organization will facilitate this program.
The event begins at 11:30 a.m. Price is $35 for CoreNet Global Arizona members and $70 for non-members. To register go to arizona.corenetglobal.org and click on the Events tab.
PHOENIX, ARIZONA (March 30, 2017): NAI Horizon Senior Vice Presidents Isy Sonabend and Rick Foss negotiated a long-term industrial lease for a national refrigeration and specialty appliance company at 10397 W. Van Buren St., in Tolleson.
NAI Horizon represented the tenant, Danby Appliances, Inc., with headquarters in Ontario, Canada, in a deal worth $2.58 million. Danby manufactures a range of household appliances under the brand names Danby, Silhouette, MicroFridge, and BergHOFF. Danby is leasing 155,000 square feet of the 278,000-SF facility.
“Danby selected Phoenix as its Western distribution center, and as well, will be launching a new product line of residential wine refrigerators that will be assembled in Tolleson,” Sonabend said. “Danby’s entrée into Phoenix welcomes a highly respected distributor and quality manufacturer to our business community.”
Amenities of the property include 30-foot clear height, 40 dock-high doors, 14 mechanical pit levelers, T-5 lighting, a 50-foot concrete apron, and a 140-foot truck court. It offers immediate access to the I-10 and Loop 101 freeways.
The landlord, Global Logistics Properties, was represented by Mike Haenel of Cushman & Wakefield.
PHOENIX (March 29, 2017) – The Board of Visitors Ryan House, a Phoenix-based non-profit and leader in pediatric palliative care, announced today that it’s celebrating its seventh anniversary of serving Arizona’s most medically fragile children and their families including respite care, palliative care, end-of-life care, child life and bereavement.
The first of its kind Arizona and one of only two in the country, Ryan House is more than a facility; it is an innovative concept with programs and services at the forefront of pediatric palliative care.
Relying 100% on philanthropic donations, Ryan House represents the best in health care for children with special medical needs and their families. The care delivered is coordinated, compassionate, patient-centered and provides a continuum of care throughout the trajectory of a child’s condition.
The care is also cost effective and prevents costly visits to the emergency room for respite and pain management. Like adult palliative care, pediatric palliative care lowers overall expenditures. Ryan House and like-home in California, George Mark, have yet to be recognized by the healthcare system.
“As Ryan House celebrates its seventh year with open doors and open hearts, we are proud to be a national leader in pediatric palliative care,” said Ryan House Executive Director Alyssa Crockett. “Our vision is to create a sustainable model for other states to replicate.”
Despite how integral the care is to families and the cost effective model the care is not being reimbursed.
“We will continue to fight until every state in the U.S. has a pediatric care facility like Ryan House,” Crockett said. “Every child in the U.S. should be able to access this care, not just children in Arizona and California.”
Ryan House is a home built by love. A home that the community has embraced for seven years. Ryan House will continue its mission to provide world-class care and programs and embrace all children and their families as they navigate life-limiting or end of life journeys.
“Ryan House will continue to pioneer and fight for a model of care that our country so desperately needs and our children so desperately deserve,” she said. “We will also continue to provide joy to these children and unsurpassed care and programs that ensures they are living their best life possible.”
PHOENIX, ARIZ. (March 28, 2017) – Iconic Design Studio is flexing its creative muscle at the new corporate headquarters of Scottsdale-based Dental Marketing & Management Group (DMMG). The project will include two dental offices.
Besides providing interior design services including custom graphics and custom architectural features, Phoenix-based IDS is providing conceptual exterior design, and logo and branding services to the tenant improvement project for three businesses under one roof at 5717 E. Thomas Rd., in Scottsdale.
The 13,500-square foot building will also house Arcadia Pediatric Dental and Arcadia Orthodontics.
“This company is a rare find,” said IDS Principal Kelli Berry. “I’ve worked with these professionals (Dr. Brad Roberts, Dr. Cayce Wallace, Dr. Lincoln Pace and Dr. Steve Hunsaker) for about four years now. I was impressed with their concern for their patients’ care and positive outcomes.
“Their desire was to create a comfortable and professional environment at Arcadia Orthodontics with a focus on young mothers and their children. Arcadia Pediatric will be a fun space sporting a jungle gym and unusual architectural elements, specialty ceiling features, and interesting wall treatments,” Berry said.
Specialty architectural features include 6-foot toothbrushes that will used at the check-
out areas and over the reception desks.
“The client has invested time and funds to create a state-of-the-art dental facility to offer the best technological care available to its patients,” Berry said. “Especially for children. To have a dentist who understands the inherent fear of a ‘trip to the dentist,’ it was heartwarming to see the care they displayed.”
“Working with the IDS team over the past four years has been a great experience,” Dr. Roberts said. “There are a lot of unknowns when a designer gets involved. However, the logo and branding package, the creativity, acknowledgment of budgets, the high level of customer service, teamwork, and their ability to find new ways and ideas to solve problems has allowed us to focus on what we do best – provide unmatched dental care. They are a valuable trusted team member.
An IDA architectural feature: a 6-foot toothbrush.
“We’re excited to create a collaborative space allowing us to more effectively support our multi-state operation currently in Arizona, Texas, Mississippi, and North Carolina. In addition, we will be bringing the experience and knowledge of opening 30 successful offices to both Arcadia Pediatric Dental and Arcadia Orthodontics,” Dr. Roberts said.
Completion of the estimated $5 million project is fall of this year.
“We designed their interior and exterior signage as well as the salvaged DMMG portion of existing building,” Berry said. “We designed the façade of the building in conjunction with the fine tuning of the architect, but it is our design. The landscaping will be xeriscape.”
Camwest Group, a development/construction company with an emphasis on dental and medical offices, is the general contractor. Other firms involved include Fulton Architects, AWE Corporate Interiors, and LisaMacStudio.
