Arizona is a hot spot for businesses to land as opportunities abound for Valley’s CRE market

Arizona is a hot spot for businesses to land as opportunities abound for Valley’s CRE market

SCOTTSDALE, Arizona (August 26, 2021) – It’s scorching hot in Arizona and this time it’s not about the weather. More than ever, companies across the U.S. are packing up their businesses and flocking to Arizona.

With its high-skilled talent pipeline, affordable cost of living, and lower taxes than neighboring states, Arizona – and primarily Metro Phoenix – has developed its position as an attractive business location, with no signs of slowing down.

“I’ve witnessed this trend firsthand as I’ve assisted countless clients to make the move to Arizona,” said Andrea Davis, CCIM, Principal of Andrea Davis CRE.

Here is what helped scientific equipment supplier Atonarp Inc. from Fremont, California, want to call the Valley of the Sun home at 15950 N. 76th St., in Scottsdale.

“We’re currently at an exciting growth phase as we expand the development of the technology, teams, and partner ecosystems that will help bring to market an array of industry-redefining products,” said Dave Anderson, Chief Product Officer with Atonarp. “As an extension of this growth, we recently established our newest office in Phoenix.”

Atonarp works at the forefront of next-generation molecular profiling, developing instrument platforms and software applications that enable healthcare and industrial markets to more predictably and precisely identify, analyze, and act upon real-time molecular insights. It plans on hiring 20 scientists and engineers and building a state-of-the-art optics lab to support its work.

“Metro Phoenix was the perfect fit for us as a fast-growing community offering a deep talent pool to draw from as we look to rapidly expand our local team. In particular, its proximity of pre-eminent university research programs aligned well with our needs for highly-specialized areas of technical expertise,” Anderson added.

While Arizona has witnessed companies from all industries relocate to Arizona, some commercial real estate sectors are experiencing more growth than others. With the increased data demand from increased home offices, online schooling and more, industrial property construction has intensified over the last year, with a buildout of more than 270 MSF across nearly 1,000 properties.

Warehouse construction has also increased to support the demand for manufacturing and production. Companies like Intel, Samsung and Amazon are just a few of the companies that have opened or plan to open warehouses in Arizona. Metro Phoenix ranks No. 3 in the Sun Belt for new construction, behind only the Texas markets of No. 1 Dallas-Fort Worth and No. 2 Houston.

“Although office rental rates are holding strong and positive net absorption, the office sector remains a question mark as many large corporations have just started transitioning back to the office,” Davis said.

The interest in medical office buildings has increased as Metro Phoenix continues to expand its economic and healthcare footprint. Net absorption for medical office space in 4Q 2020 reached 111,974 SF. 2020 ended with positive net absorption in all four quarters. Demand is this sector is expected to remain high for the remainder of 2021.

Out-of-state companies aren’t the only ones capitalizing on the market opportunities in Phoenix. Ouro Bubble Tea Co. is a new business that will serve the Valley soon. The boba shop will focus on providing exceptional quality teas paired with hand-crafted boba and premium quality ingredients.

With the recent spike of activity in Phoenix, the company’s business owner, Tyler Doty, says he looks forward to growing his business here.

“Arizona is my home state and with our recent growth spurt and expanding food market diversity, I feel like it is the perfect place to open a blended cultural shop,” Doty said.

Brooke and Reanol Hackworth are a husband-and-wife team with an extensive background in health and fitness. They recently opened Sculpt & Sweat, a Scottsdale-based boutique wellness center that offers a unique approach to health and wellness by combining personal training, EMS (electro-muscular stimulation) smart suits, body sculpting, infrared sauna, and nutrition programs.

“We decided on opening our first store here because of various reasons,” Brooke Hackworth said. “We wanted to be close to family. We did it for economic reasons, affordability, and the quality of life here. We anticipate hiring about 20 people soon. We are so grateful to have our business here in Arizona.”

“While a lot can still change before the end of the year, it’s evident that Phoenix is moving up to become a top tier market and compete with cities such as New York, Los Angeles and Chicago,” Davis said.

Exterior of 15950 N. 76th St., in Scottsdale.

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About Andrea Davis CRE

Andrea Davis, CCIM, has practiced commercial real estate for more than 20 years. Davis’ breadth of knowledge stretches from developers to landlords to buyer/tenant representation and investments. Within the commercial real estate industry, Davis has won numerous awards. Andrea Davis CRE is listed among the top 10 in Ranking Arizona for the category of Office Brokerage. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit andreadavis.co/.

 

 

Phoenix-based Coreslab Structures and PONO Construction celebrate 10 years of teaming up to bring 9 high-caliber projects to GCU campus   

Phoenix-based Coreslab Structures and PONO Construction celebrate 10 years of teaming up to bring 9 high-caliber projects to GCU campus   

 

       PHOENIX, ARIZ.  (August 25, 2021) – Coreslab Structures and PONO Construction have raised the saying “give it the old college try” to a new level with their collaboration on multiple projects on the Grand Canyon University campus.

Coreslab Structures, a premier producer of precast/prestressed concrete products, has teamed with PONO Construction for the past 10 years on nine structures on the school’s campus at 3300 W. Camelback Road in Phoenix.

The collaborative effort began in earnest in 2011 when the two teamed on a 1,635-stall, five-level parking garage. Since then, the two have collaborated on seven additional parking structures and the school’s baseball stadium, Brazell Field at GCU Ballpark.

“This has been such a great partnership,” said GCU President Brian Mueller. “Doing business with local partners is really a big deal for us. We are hoping that eventually there will be internship opportunities for our students.”

GCU students listen as a Coreslab Structures project manager discusses the process by which massive pre-cast concrete products are constructed.

This past July, GCU students toured the Coreslab Structures construction yard at 5026 S. 43rd Ave., in Phoenix. Students were introduced to the process that creates the massive concrete panels evident around their campus.

PONO Construction President Butch Glispie tapped Coreslab when he was looking for the right partner to help deliver projects on the bustling GCU campus in a timely manner. The immediate need was a parking garage.

“Butch displayed a fantastic sense of teamwork when he reached out and asked how we could help him deliver; it was teamwork at its pinnacle,” said Coreslab Sales Manager Phil Richardson, SE. “Not only did he come and work with us as a team, to deliver a parking garage, he also asked us what obstacles and site constraints could he help us with to make the erection of the garage go correctly, and quicker.”

The two entities developed the “standard” GCU garage scheme, which was based on being five bays wide, approximately 306 feet by 523 feet long, with an expansion joint in the length, and standing five levels.  The standard GCU template parks around 2,465 cars. Four of the eight garages are identical but different in orientation depending on where on campus they are.

“PONO went out of their way to give us fantastic site access and plenty of staging area,” Richardson said. “Any problem areas were discussed way in advance. We listened to them as well as they listened to us. There was great communication, and it’s been that way for the past 10 years since that first project.”

How does Glispie view the future of the partnership?

“So, to where we’re headed, we’re about halfway to our buildout unless the enrollment goes further than we think and in which case we’ll keep buying land and keep building,” he said.

Richardson said the partnership is as strong as one of Coreslab’s concrete panels.

“After our third garage with PONO, Butch told us, ‘With your expertise of building, how can we get the biggest bang for our buck.’ We showed him how we could deliver the most cost-efficient and most affordable-per-car parking garage,” Richardson said.

“What drives us to do more parking garages for Butch and GCU is to project the demand for more students and them finding additional pieces of property. The more land they purchase offers another opportunity for this team to stay together.”

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     Coreslab Structures-PONO Construction projects at GCU 

 

Project name Year built # Stalls # Levels
Homestead II (In Design) 2021 666 6
GCU Rivers 2020 2,840 5
GCU 31st Avenue & Camelback 2018 2,396 5
GCU Baseball Stadium 2017 3,500 seats
GCU Missouri Parking Structure 2017 2,396 5
GCU 29th Avenue Parking Structure 2015 2,396 5
GCU 27th Avenue Parking 2015 2,396 5
GCU Grove Parking 2014 2,396 5
GCU Halo Parking 2013 1,380 5
GCU Parking Structure 2011 1,635 5

One of the eight garages built by Coreslab Structures and PONO Construction on the GCU campus in Phoenix.

 

About Coreslab Structures

Since 1975, Coreslab Structures Inc., has emerged as a major supplier of structural, architectural and hollow core solutions to markets in Canada and the U.S. With 17 precast/prestressed concrete facilities across North America, Coreslab is a leader in construction innovation, structural design and sustainable practices, dedicated to providing top quality products and services. Its commitment to excellence, leading technical expertise and collaborative culture allows it to deliver award-winning, innovative solutions that meet the schedule and cost requirements of its valued customers. To learn more visit coreslab.com.

About PONO Construction LLC

As a result of PONO’s “team effort” course of business, we have become highly adaptable and skilled in providing superior quality work cleanly, efficiently, and professionally. We have historically been tasked with large projects under extremely tight deadlines, yet always provided work as promised, due to our extraordinary team work. PONO prides itself on the team’s exceptional abilities which are derived from each team member’s strengths and experience resulting in an extensive knowledge base for our customers. Our team’s experience and knowledge are three-fold: to provide a wealth of knowledge in all areas of residential and commercial construction, added value to the community via newly improved buildings, as well as quality and commitment in all work performed. To learn more visit ponollc.com.

 

 

Phoenix-based emergency services contractor RestorationHQ ranks No. 3737 on 2021 Inc. 5000   

Phoenix-based emergency services contractor RestorationHQ ranks No. 3737 on 2021 Inc. 5000  

Inc. Magazine reveals annual list of America’s fastest-growing private companies, the Inc. 5000

     NEW YORK, August 24, 2021Inc. magazine revealed that Phoenix-based RestorationHQ is No. 3737 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

RestorationHQ, an emergency services contractor, boasted growth of 89 percent. It is one of 117 Arizona-based companies to make the Inc. 5000 ranking.

The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Celebrating its fifth anniversary in 2020, RestorationHQ attributes its growth and success to its core values.

“Through our core values, we create partnerships; we are teammates,” said RestorationHQ Owner Sergei Guk. “Those core values include a can-do attitude; a thirst for learning; professionals who are personable and enjoyable to work with; taking extreme ownership and being trustworthy; and emphasizing attention to detail. We train our crews as emergency responders from the start. We create and refine processes to be the most efficient, in and out of the field.”

RestorationHQ services include emergency response and mitigation from water intrusions and fire damage; mold remediation; asbestos abatement; hazmat/bio-cleaning services; post-mitigation reconstruction and other building-related emergency issues.

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at inc.com/inc5000. The top 500 companies are featured in the September issue of Inc.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

RestorationHQ holds more than 20 current certifications, training, and safety courses including the IICRC (the Institute of Inspection, Cleaning and Restoration Certification, the certifying body for the inspection, cleaning and restoration industry), AHERA Accreditation (Asbestos Hazards Emergency Response Act), EPA, OSHA, and other governing bodies responsible for compliance regulation and continued education.

“What has helped us grow is that we embrace restless resiliency,” Guk said. “We lose sleep so our customers don’t have to. We plan for agility and are prepared to pivot.”

For more information visit www.RestorationHQ.us.

More about Inc. and the Inc. 5000

 Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

 About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

Walls & Ceilings Magazine names Paul Johnson Drywall to 2021 Top 50 drywall contractors in the United States for the 6th consecutive year

Walls & Ceilings Magazine names Paul Johnson Drywall to 2021 Top 50 drywall contractors in the United States for the 6th consecutive year

PJD remains the only drywall contractor from Arizona and Nevada to earn a position on the elite list.

PHOENIX (August 20, 2019) — Paul Johnson Drywall, Inc. (PJD) is pleased to announce that the firm was again named a Top 50 Contractor for 2021 by Walls & Ceilings Magazine. This marks the sixth consecutive year for PJD to be named as an industry leader to the national list. In addition, PJD remains the only drywall contractor with operations in Arizona and Nevada to make the list (businesses are listed alphabetically). The list features contractors identified by Walls & Ceilings Magazine as the industry’s most progressive and resourceful contractors.

The Top 50 Drywall Contractors in the United States are recognized for skillsets that warrant them ranking among the best, and most progressive by demonstrating success in employing new technology, actively seeking new products, providing competitive employment opportunities and unparalleled safety cultures. Walls & Ceilings Magazine’s “Top 50 Contractors” are recognized for their talent in sustaining their business model and serving as industry leaders.

PJD continues to experience steady growth in the West, generating installation revenue of nearly $90 million split between residential and commercial drywall projects. The firm’s Good Jobs Strategy was integral in earning the recognition.  PJD’s Good Jobs Strategy includes providing exceptional employee benefits to every employee, including craft workers, crew leaders and administrative staff. This includes all employees (craft workers, crew leaders and administrative staff) having W-2 status as well as the following benefits, which begin on the first day of employment: paid vacation, Redirect healthcare for employee and family, home-buying assistance, career and professional advancement, education program reimbursement and top-wages, which typically exceed prevailing wages in all categories. The Good Jobs Strategy has also established PJD as the employer of choice and as a leader in the construction industry.

“It’s an honor to earn this recognition for the sixth consecutive year in a row and reinforces that the firm’s major effort to be a leader in the industry through our Good Jobs Strategy, safety initiatives and focus on reliability for our customers is worthwhile,” said Cole Johnson, president of Paul Johnson Drywall. “We are pushing towards elevating the national standards, and bringing our teams, our principles and our services to markets across the west, and recently expanded to serve customers in the eastern United States. We’re grateful to be able to help homebuilders and multi-family developers at a time when reliable, quality services are greatly needed.”

Walls & Ceilings magazine is a bi-monthly publication reaching an audience of more than 30,000 industry professionals, including interior or exterior wall and ceiling contractors, architects, manufacturers, suppliers and distributors. The publication is a premier resource for professionals in the wall and ceiling industry and covers news and trends with a focus on building methods, drywall, stucco/EIFS, ceilings, acoustics, steel framing, insulation, plaster technology and regulations in the market.

 

About Paul Johnson Drywall:

Established in 1967, Paul Johnson Drywall is an Arizona-based drywall contractor and one of the largest in the Southwestern United States with offices located in Phoenix, Tucson and Prescott, Arizona; and Las Vegas, Nevada. The family-owned business has long-been the drywall contractor of choice for the most prominent single-family and multi-family builders. With safety, efficiency, quality and professionalism as its core values, Paul Johnson Drywall attracts and maintains the best crews, meets deadlines, and delivers exceptional craftsmanship, which has established the company’s reputation as a leader in the industry. More information is available at pauljohnsondrywall.com.

 

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AMA’s Tribute Awards recognize best of state’s apartment industry, which thrived during a challenging year of COVID-19’s disruption

AMA’s Tribute Awards recognize best of state’s apartment industry, which thrived during a challenging year of COVID-19’s disruption

PHOENIX, ARIZONA (August 17, 2021) – We are resilient. We are proud of what we accomplished during the year we went through. We keep ourselves, our teammates, our residents and our families safe.

Those were some of the remarks shared by those in attendance as the Arizona Multihousing Association (AMA), the statewide trade association for the apartment industry, hosted the 29th Annual AMA/Cox Communications Tribute Awards Friday night at the Fairmont Scottsdale Princess Resort.

This year the Tribute Awards were about more than one night of recognition. The state’s apartment industry was hit hard by the COVID-19 pandemic. Owners and residents alike were adversely affected.

“At a time of incredible crisis, Arizona property owners large and small have stepped up to help their communities and the individuals and families who call those communities home. All of us should be proud of what this industry has accomplished this year and throughout the pandemic,” said Courtney LeVinus, AMA President and CEO. “No other industry anywhere has been forced by the government to provide its services or products free of charge. Even so, our owners and operators have put their best foot forward on a daily basis – keeping roofs over families’ heads, keeping tens of thousands of people employed, and working tirelessly to keep more than one million Arizona households safe from the pandemic.”

LeVinus lauded the industry’s patience at a time when eviction relief funding has been slow to arrive.

“In my heart, I firmly believe that every property owner in the state merits a tribute for their efforts over the past year. You have done what so many local agencies have not: You’ve turned on a dime, been endlessly flexible, and responded in real-time to thousands of families in need,” she said. “I know what a sacrifice this has been — a sacrifice that mirrors what so many families have faced for months on end.

“If recognition has been slow to come from many areas of the community, that’s fine. Because all of us can look at ourselves in the mirror and know that we have served with steadfast commitment,” LeVinus said.

A record 755 nominations from 33 member companies participated. Volunteers donated more than 700 hours of their time to judge all the nominees. The AMA’s nomination and interview process is one of the most rigorous in the industry. AMA judges conduct an interview and nominees complete a questionnaire or aptitude test to keep the process impartial while learning more about each candidate.

The playing field is level whether nominees are a large or small organization, in Maricopa County, or Tucson, or other counties around the state.

“There was no playbook for what this industry has faced over the past 18 months,” said Reid Butler, 2021 AMA Board Chairman. “Every property owner, manager and team member has helped author our industry’s response on the fly, amid any number of risks – to physical health, personal financial health and the health of thousands of businesses. Tonight, our association honors the best and brightest in our industry, along with Arizona’s premier apartment communities. You all served as a light during some dark times for our industry.”

Arizona’s apartment industry annually generates 131,000 jobs, $699 million in wages and $3.8 billion in economic output. Events such as the Tribute Awards are important because they elevate the industry and create motivation for improvement for more than 2,300 AMA members.

“Resilient. That’s the word I would use to describe this association over the past year,’” said Scott Hines with PEM Real Estate Group and 2021 Tribute Awards Chair “Our members and this association took on a crisis head-on and didn’t flinch. It’s a testament to what we can overcome as an industry. Everyone here tonight is a winner.”

2021 Tribute Awards winners

Industry Partner of the Year Tucson: Judy Drickey-Prohow, Law Offices of Scott M. Clark, P.C.

Industry Partner of the Year Statewide: Bry Carter, The Phoenix Staffing

Volunteer of the Year Tucson: Kimberly Fitch, Nicolosi & Fitch, Inc.

Volunteer of the Year Statewide: Rachael Kish, Shelton Residential

Affordable Community of the Year: Cottonwood Crossing Apartments, Shelton Residential

Renovated Community of the Year: Haven at South Mountain, Shelton Residential

Developers Award for Best Community Design Garden Style: Acero Cooley Station, IDM Apartments

Developers Award for Best Community Design Mid/Low Rise Style: The McKinley, Baron Property Services, LLC

Housekeeper of the Year: Cheri Stroud, P.B. Bell

Leasing Consultant of the Year: Troy Row, IDM Apartments

Assistant Manager of the Year: Rachelle Ralston, MG Properties

Service Technician of the Year: Trevor Terrell, BH Management Services

Community Manager of the Year 1-199 Units: Lauren McCauley, Baron Property Services, LLC

Community Manager of the Year Outside the Valley: Gina DeSisto, Greystar Real Estate Partners

Service Supervisor of the Year 1-199 Units: Michael Pantoja, MEB Management Services

Best Community Team of the Year Prior to 2002: Biscayne Bay, MG Properties

Best Community Team of the Year Built 2002-2012: San Tan by Baron, Baron Property Services, LLC

Arizona Executive of the Year: Justin Steltenpohl, P.B. Bell

Community Manager of the Year 200-299 Units: Scott Allen, Baron Property Services, LLC

Service Supervisor of the Year 200+ Units: Chris Owen, Greystar Real Estate Partners

Service Supervisor of the Year Outside the Valley: Art Torres, Nicolosi & Fitch, Inc.

Best Community Team of the Year Built 2013-2020: The Local, Mark-Taylor Residential

Corporate Employee of the Year: Khara House, Bella Investment Group

Community Manager of the Year 300+ Units: Teresa Garr, Baron Property Services, LLC

Best Community Team of the Year Student Housing: Paseo on University, Greystar Real Estate Partners

Best Community Team of the Year Outside the Valley: Retreat at Speedway, Weidner Apartment Homes

Regional Service Supervisor of the Year: Casey Hale, P.B. Bell

Property Supervisor of the Year: Ashley Tran, Mark-Taylor Residential

About Arizona Multihousing Association:

 The Arizona Multihousing Association is the statewide trade association for the apartment industry, representing more than 2,300 members in legislative, legal and regulatory matters. The mission of the Arizona Multihousing Association is to unite multifamily housing leaders in one trusted voice for Arizona’s rental community. For more information, visit azmultihousing.org.

 

 

NAIOP Arizona DL Young Professional Group kicks off 2021 with class of record 25 participants

NAIOP Arizona DL Young Professional Group kicks off 2021 with class of record 25 participants

PHOENIX, ARIZONA (August 16, 2021) – A record number of applicants applied for the 2021 NAIOP Arizona Developing Leaders Mentor Program, known as the Young Professionals Group (YPG). The YPG program deepens young leaders’ knowledge of the industry and helps develop invaluable relationships with some of the industry’s most successful professionals.

Twenty-five protégés, or young professionals, who come from all corners of the Valley’s commercial real estate industry, were selected to participate. Each protégé in the six-month program will attend educational seminars and complete a development case study by the end of the program.

Participants in the 2021 class are Braden Blake, Ware Malcomb; Jarett Brock, Cousins Properties; Steven Callahan, Alliance Bank of Arizona; Ryan Coleman, Hines; Gary Cornish, CBRE; Kristina Cutillo, Cushman & Wakefield; Mike Diamond; Gilbane Building Company; Ryan Hankins, CLAYCO; Tino Hernandez, Willmeng; Ryan Hingst, Lee & Associates Arizona; Hagen Hyatt, JLL; Luke Krison, CBRE; Jim MacWilliam, Willmeng; Zach Maki, Seefried Industrial Properties, Inc.; Charl Potgieter, Trammell Crow Company; Chris Reese, Colliers International; Kelly Royle, JLL; Josh Schifferer, Sun State Builders; Braxton Smith, ASU University Realty LLC; Samantha Spadaro, SmithGroup; Eric Sterner, LAST Architects; Jonathan Teeter, CBRE; Tanner Tremaine, Majestic Realty; Nik Vallens, Transwestern; and Aaron Velasco, Prologis.

The 2021 Co-Chairs are Chris Beall, JLL; and Josh Tracy, Ryan Companies US, Inc. This year’s mentors are Alex Boles, ViaWest Group; Jenna Borcherding, VanTrust Real Estate, LLC; Sean Cummings, Opus Group; John DiVall, Exeter Property Group; Derek Flottum, Irgens Development; and Jim Wentworth, Wentworth Property Group.

“The YPG program provides participants with a glimpse into the many pieces of a commercial development but most importantly an opportunity to work with peers in a variety of different trades and receive guidance from our industry leaders as their mentors.,” said Chris Beall and Josh Tracy, chairmen of the YPG program. “YPG has served as a great stepping stone for the careers of all those who participated in years past, and we look forward to continuing that momentum this year,”

Projects present market analysis statistics, architectural site plans, market studies and marketing plans, construction budgets and exit strategies to the judges for the final presentation by five teams.

All NAIOP members age 35 or under are eligible to apply for the YPG program.

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NAIOP, the Commercial Real Estate Association, is a 20,000+ member organization in North America that promotes responsible commercial real estate development and advocates for effective public policy. It is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

NAI Horizon professionals close 5 land sales for 38 acres and 3 building sales, all totaling $15M

NAI Horizon professionals close 5 land sales for 38 acres and 3 building sales, all totaling $15M

      PHOENIX, ARIZONA (August 16, 2021) – Five land sales totaling $10.7 million for 38 acres highlighted recent deals closed by NAI Horizon professionals. The $1.82 million sale of an office building, the $1.4 million sale of an industrial building, and $1.2 million sale of a retail building were additional asset highlights.

Sale Transactions:

 Chris Gerow, Shelby Tworek and Gabe Ortega negotiated the sale of ±10.2 acres of land representing the seller, DDC Hotels, Inc. for $4.885 million. The property is located at the SWC of Loop 202 and Cooper Road, Chandler, AZ. The buyer, Prop Thirteen, LLC was represented by Greg Laing with Phoenix Commercial Advisors.

Laurel Lewis negotiated the sale of ±8.63 acres of land representing the buyer, Cabana Southern, LLC for $3.8 million. The property is located at Southern Avenue and Crismon Road in Mesa, AZ. The seller, Sunny Acres, LLC and Montgomery 320, LLC was represented by The Real Estate Office of Rick Brandt.

Kevin Higgins negotiated the sale of a 11,195 SF office building representing the buyer, Bogle Acquisitions, LLC for $1.82 million. The property is located at 7243 N. 16th St., Phoenix, AZ. The seller, American Associated Pharmacies was self-represented.

Rick Foss negotiated the sale of a 12,889 SF industrial building representing the buyer, GRPRE, LLC for $1.4 million. The property is located at 17643 N. 25th Ave., Phoenix, AZ. The seller, CORGEOS, LLC was self-represented.

Christopher Lewis negotiated the sale of a 3,400 SF retail building representing the seller, Spyglass Desert, LLC for $1.2 million. The property is located at 10835 S. 48th St., Phoenix, AZ. The buyer, N3 Property Advisors, LLC was self-represented.

 Don Morrow and Dylan Whitwer negotiated the sale of 5 acres of land representing the buyer, GTX Transportation for $1.095 million. The property is located at 14575 W. La Estrella, Goodyear, AZ. The seller, Arizona Isotopes was represented by Andy Cloud with Cushman & Wakefield.

Matt Harper, CCIM negotiated the sale of a 2,936 SF retail building representing the seller, Michael Jonas for $575,000. The property is located at 9231 W. Grand Ave., Peoria, AZ. The buyer, Examica, LLC was represented by Andrea Davis with Andrea Davis CRE.

Troy Giammarco and Joe Pequeno negotiated the sale of a 3,200 SF industrial building representing the seller, Dougherty Family Trust, LLLP for $500,000. The property is located at 8925 W. Larkspur Dr., Peoria, AZ. The buyer, SFE Holdings, LLC was represented by Shawn Wood with Arid State Land and Ag Associates, LLC.

Christopher Lewis negotiated the sale of 9.24 acres of land representing the seller, Tandem Leasing, Inc. for $500,000. The property is located off of Battaglia Drive  and Davidson Street in Eloy, AZ. The buyer, THJD Holding, LLC was represented by Chad Neppl with Citywide Commercial

John Filli, SIOR negotiated the sale of 5 acres of land representing the seller, Fieldbrook Payson Partners, LLCA for $455,001. The property is located near the intersection of SR 87 and Malibu Drive in Payson, AZ. The buyer, Christofer J. Martin was self-represented.

Troy Giammarco and Joe Pequeno negotiated the sale of a 3,200 SF flex building representing the seller, BO-Z Properties, LLC for $410,000. The property is located at 9299 W. Olive Ave., Peoria, AZ. The buyer, SFE Holdings, LLC was self-represented.

Matt Harper, CCIM negotiated the sale of a 5,620 SF retail building representing the buyer, EMIP, LLC for $300,000. The property is located at 6333 N. 59th Ave., Glendale, AZ. The seller, James L. Hawkins was represented by Jason Miszuk with Realty One Group.

Michael Gaida negotiated the sale of a 53,579 SF boat storage and repair facility representing the seller, Pat Billotte for $275,000. The property is located at 27 Capel Road, Roosevelt, AZ. The buyer, Lucky Wives Boat Storage, LLC was self-represented.

Michael Gaida negotiated the sale of the iconic Duke’s Photography business representing the seller, Darrell Duke for $75,000. The buyer, FirstFed Central, LLC was self-represented.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the tenant, JDS Industries in a 91-month industrial lease for 63,966 SF at 9191 W. Buckeye Road, Tolleson, AZ. The landlord, CRP/MarWest was represented by Gary Anderson with Cushman & Wakefield.

Isy Sonabend and Drew Eisen represented the tenant, Elliot Electric Supply, Inc. in a 127-month industrial lease for 13,000 SF at 1205 N. Elideo Felix Jr Way, Avondale, AZ. The landlord, BHRP OZ JV II, LLC was represented by Mike Gilbert with Cushman & Wakefield.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Karl’s Midvale in a 60-month retail lease for 6,000 SF at 4210 S. Arizona Ave., Chandler, AZ. The tenant, Ocotillo Four Investments, LLC was represented by Soly Lanciano with ITARA, LLC.

Mike Kumelski represented the tenant, G.O.A.T. Haircuts – Gilbert Warner, LLC in an 84-month retail lease for 1,500 SF at SEC of Gilbert and Warner, Gilbert, AZ. The landlord, Gilbert Warner, LLC was represented by Brent Mallonee with Cushman & Wakefield.

Mike Kumelski represented the tenant, G.O.A.T. Haircuts in an 88-month retail lease for 1,493 SF at 4747 E. Bell Road, Phoenix, AZ. The landlord, Tatum Venture, LLC was self-represented.

Matt Harper, CCIM represented the tenant, Stepping Stone Adult Development Center, LLC in a 60-month retail lease for 4,922 SF at 12228 N. Cave Creek Road, Phoenix, AZ. The landlord, Hampton Plaza, LLC was represented by Kyle Davis with CPI.

Dylan Whitwer and Don Morrow represented the tenant, Key Retirement Solutions in a 60-month office lease for 2,159 SF at 1090 S. Gilbert Road, Gilbert, AZ. The landlord, B.H. GTS, LLC was represented by Bruce Suppes with CBRE.

Matt Harper, CCIM represented the landlord, Yee Legacy II, LLC in a 60.5-month retail lease for 1,610 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, The Ace Mulligan Company, LLC was self-represented.

Isy Sonabend and Drew Eisen represented both the tenant, Shay’s Billiard Supply & Service, LLC and the landlord, Arizona Industrial Properties in a 16-month industrial lease for 4,400 SF at 5052 S. 40th St., Phoenix, AZ.

Lori Kahn, MBA represented the tenant, The Trading Card Club, LLC in a 39-month retail lease for 1,400 SF at 745 N. Gilbert Road, Gilbert, AZ. The landlord, Freanel & Son Gilbert, LLC was represented by Kevin Jarand and David Jarand with Avison Young.

 Joan Krueger represented the tenant, Cathy Thomas dba Curves, LLC in a 23-month office lease for 1,222 SF at 538 S. Gilbert Road, Gilbert, AZ. The landlord, Mountain West Assets, LLC was represented by Linda Robbins with Avison Young.

Jennifer Loehnert represented the tenant, Dr. Grady Donohoe in a 36-month retail lease for 1,920 SF at 1914 W. Power Road, Mesa, AZ. The landlord, Inman Enterprises, LLC was represented by Nathan Cardon with Cardon Commercial.

Laurel Lewis represented the tenant, Craig W. Penrod, PC in a 12-month office lease renewal for 1,885 SF at 301 W. Warner Road, Tempe, AZ. The landlord, Simone Warner Courtyards, LLC and Warner Park 3030, LLC were self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, Steve Iskhakov in a 36-month office lease for 984 SF at 4433 N. 19th Ave., Phoenix, AZ. The tenant, Oasis Psychological Services, PLLC was self-represented.

Jennifer Loehnert represented the tenant, Phoenician Junk Haulers, Inc. in a 36-month industrial lease for 1,200 SF at 2105 S. Hardy Drive, Tempe, AZ. The landlord, Hardy Business Park, LLC was represented by Eric Jones and Leroy Breinholt with J&J Commercial Properties.

Don Morrow and Dylan Whitwer represented the landlord, Broadway Plaza, LLC in a 25-month office lease for 823 SF at 1270 E. Broadway Road, Tempe, AZ. The tenant, AIRA, LLC was self-represented.

Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, Sun City Professional Building in a 12-month office lease for 258 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Young Drum Beats was self-represented.

 About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI

Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit www.naiglobal.com.

 

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Celebrating its 15th anniversary, triARC architecture & design in Phoenix focuses on creating inspiring places and spaces

Celebrating its 15th anniversary, triARC architecture & design in Phoenix focuses on creating inspiring places and spaces

     PHOENIX, ARIZ.  (August 16, 2021) – Connect. Collaborate. Create. For the past 15 years, woman-owned triARC architecture & design has built upon those values, providing its clients with inspiring places and spaces.

As it celebrates its 15th anniversary, triARC boasts almost 1,200 projects and more than 2,000 space plans. TriARC specializes in healthcare and medical; multi-family and senior living; office and industrial; and restaurants and retail.

 

Owners (left to right) Marlene Brandemuehl and Jill Hamblen.

“It’s been 15 amazing years and the lessons keep coming,” said Jill Hamblen, AIA, one of the firm’s two owners. “Connections with teammates past and present give me joy. Collaborating with consultants, industry representatives and real estate professionals keep me expanding my vision for how we can grow. And helping clients create beautiful space brings purpose to my day. I am grateful each day for the gifts triARC has given me.”

Hamblen and partner Marlene Brandemuehl have grown the office to 25 professionals, including eight registered architects. For 15 years the triARC team has embraced the ability to build relationships first, which cultivates interactions and projects with which it is involved.

“From our inception 15 years ago, Jill and Marlene have led the practice with a vision consistent with what we now call ‘triARC Core Values’ to build a culture focused on people,” said Norio Tsuchiya, AIA, Creative Director, Senior Project Manager. “The next 15 years at triARC will be built upon this solid foundation to continue delivering thoughtful and consequential architecture and interior design, essential for thriving communities.”

Three signature projects that define triARC’s first 15 years:

Adelante Healthcare, Goodyear

      Nature of Project: Medical  

     By the numbers: 45,000 SF

     Location: Goodyear, Arizona

     Special triARC elements: Organic architecture was a main focus in this design. The importance of this concept to the project was to reflect not only the natural world of Arizona but to attempt to synthesize the calming and spiritual elements always found in nature to provide a measure of peace and reduce the stress that patients have when they contemplate a visit to the doctor. With over 45,000 usable square feet, triARC created cohesive design elements that flowed throughout every space of this healthcare center.

 The Retreat at Alameda

     Nature of Project: Multifamily / Senior Living

     By the numbers: 93,000 SF / 104 units

     Location: Phoenix, Arizona

     Special triARC elements: The Retreat at Alameda is an assisted living and memory care facility. The elegant exterior of limestone columns and a stacked stone base are what first catch the eye, but the focus on comfort and accessibility throughout The Retreat is what will provide peace of mind for residents and their families.

It offers 104 units including studios, one-bedroom and two-bedroom units. Through providing both architecture and interior design, triARC was able to inspire a sense of community. Amenities include an indoor and outdoor dining area, café/pub, theater, salon, lounges, fitness center and activity rooms.

UA Local 469

     Nature of Project: Office/Industrial

     By the numbers: 17,000 SF

     Location: Phoenix, Arizona

     Special triARC elements: UA Local 469 is an office space for the UA Plumbers and Pipefitters 469. With the use of eye-catching industrial elements, triARC was able to enhance the space with exposed ductwork and pipes, open workspaces, and unique interior finishes.

From polished concrete flooring to eccentric wallpaper this space provides the perfect backdrop for both work and gathering. The conference room boasts the pairing of industrial exposed conduit and lighting with rich-colored wood finishes. This is where beauty and functionality meet to create design elements that speak for themselves.

“Fifteen years in a job I love is a dream come true and rarely have I considered it ‘work,’” Brandemuehl said. “Striving daily to live and witness the triARC values of connect, create, collaborate is not hard either. The ‘dynamic duo’ partnership, amazing staff, strong relationships in the industry and open-minded repeat clients makes this easy. I remain thankful each and every day.”

For more information, visit triarcdesign.com.

UA Local 469 in Phoenix.

The Retreat at Alameda in Phoenix.

 

 

 

Richmond America Homes, Oakwood Homes purchase 372 finished residential lots in Coolidge’s Cross Creek Ranch for nearly $27.5M

Richmond America Homes, Oakwood Homes purchase 372 finished residential lots in Coolidge’s Cross Creek Ranch for nearly $27.5M

Land Advisors Organization’s homebuilding team facilitated the closing of approximately 80 acres, marking the sale of the last investor-owned finished lots in Coolidge, Arizona.  

      Scottsdale, Ariz. (August 11, 2021) – Land Advisors Organization’s Homebuilding Team is pleased to announce the closing of nearly 80 acres in Cross Creek Ranch to Richmond America Homes and Oakwood Homes for nearly $27.5 million.

The sale delivers 372 finished residential home lots and is the second of a two-phase sale to these builders in the Cross Creek Ranch community, located in Coolidge, Arizona. The first phase, which closed in January of 2021 for just over $16 million, included 309 finished lots in the same development.

Cross Creek Ranch is located south of AZ-87 and just east of NEC West Vah Ki Inn Road and North Skousen Road, adjacent to the Casa Grand National Monument, in Pinal County. This month’s closing of these 372 finished lots marks the sale of the last investor-owned finished lots available in the city of Coolidge.

Land Advisors Organization’s Homebuilding Team of Ben Heglie, Bret Rinehart and Ryan Semro represented the buyer in the transaction.

“It’s very rewarding to be part of the growth that Pinal County is experiencing,” Heglie said. “With this purchase of the last remaining investor-owned finished lots in the city of Coolidge, builders will have to shift their focus towards securing unimproved land to meet demand as our growth corridor expands further southeast of Metro Phoenix. It’s exciting to see builders returning to Coolidge.”

Land Advisors Organization’s Arizona Homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities across Arizona.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

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Cawley Architects leads collaborative effort to transform lives at Phoenix Rescue Mission’s much-needed, inspiring Life Recovery Building   

Cawley Architects leads collaborative effort to transform lives at Phoenix Rescue Mission’s much-needed, inspiring Life Recovery Building  

    PHOENIX, ARIZ.  (August 11, 2021) – Cawley Architects continues its mastery of designing projects that serve the needs of a community with a collaborative project at the Phoenix Rescue Mission – the Life Recovery Building at the Transforming Lives Center.

In collaboration with the Phoenix Rescue Mission and its generous donors and general contractor GCON, Cawley Architects provided design expertise for the $9 million, 56,252 SF project at 1801 S. 35th Ave., in Phoenix that opened last month.

The project includes the new construction of a 4-story administration and housing building that includes 280 beds, dividable chapel and classroom spaces, expanded meeting spaces, and inviting outdoor spaces.

Cawley Architects designed the building as a place of hope, healing, and new beginnings for men struggling with homelessness, addiction, and trauma. The Life Recovery Building, which replaces a 160-bed, barrack-style building, fosters self-worth and confidence, dignity, new life, and a new path forward for its residents.

The brick façade of the building features a phoenix on a cross, a striking symbol of renewal, hope and transformation.

“I was moved by the comments of one of the residents who was interviewed for a virtual ribbon-cutting event video,” said Sherm Cawley, AIA, SIOR, President/Founder of Cawley Architects. “In a content tone of voice, he said, ‘We’re now living in a place designed for people.’ Those comments truly resonated with our team.”

As a long-term Christ-centered recovery program, the Life Recovery Building was designed with the following precepts in mind:

  • More beds will result in more transformation opportunities. The bed count increased from 160 to 360 and rather than a barracks-style configuration, each air-conditioned room accommodates two to four men and includes closet and storage areas as well as study space.
  • More classes will result in more personal growth opportunities. Expanded and dividable chapel and classroom spaces permit unlimited options for a more structured curriculum, including inner-healing classes, foundation classes, life-skill development opportunities, family-relationship counseling, and education assistance.
  • The outdoor respite area will “feed the soul.” Inviting outdoor spaces were included to encourage fellowship as well as quiet space for solitude and reflection.

“This new building and renovation project will serve as a catalyst for transformation on a scale we’ve never witnessed before – not just because we will be able to serve 200 additional men at any given time – but because of the countless fathers, husbands, and community members whose lives will have been transformed,” Phoenix Rescue Mission CEO Ken Brissa said. “It will also allow us to rescue more people from crisis into a safe, supportive environment and place them on a path to achieving sustainable, lifelong goals.”

About Cawley Architects

With almost 800 high-value projects in our portfolio, Cawley Architects is one of the most prolific architectural firms in Arizona. For 25 years, we have been applying our uniquely collaborative approach to project management to create buildings of superior form, function, and value. During that time, it has been our privilege to participate in some of the top commercial projects throughout the Valley along with an exceptional group of clients, contractors, and design professionals. We are knowledgeable in the specialized architectural requirements, technologies, and trends of many building types. This includes: Industrial, Healthcare, Education, Bioscience, Restaurant, Entertainment, Office, Commercial, Automotive, Manufacturing, Distribution, Aerospace, Retail and Tenant Improvement. From small neighborhood bistros to large biotech laboratories, we have the expertise, resources, and connections to serve your needs and execute your plan — and provide you with unsurpassed value. cawleyarchitects.com.

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