by Peter Madrid | Jul 18, 2023 | News & Updates
PHOENIX, ARIZONA (July 18, 2023) – The Nunez Self-Storage Group, A National Self-Storage Investment Team, continues its growth in the West with the hiring of self-storage sales specialist Andrew Agresta in the Phoenix office of NAI Horizon.
Denise Nunez, Executive Managing Director of the National Self-Storage Investment Team, also recently announced the addition of Edward Milton, an investment sales specialist since 2015, to the group.
A native of Blacksburg, Virginia, Agresta previously served as Business Development Manager for OpenTech Alliance, a tech/software company for the self-storage industry. His primary duties consisted of generating, managing, and executing revenue opportunities for the Mountain territory of the U.S. and Canada.
Prior to that, Agresta was Director of Business Development for Joseph Studios, a digital marketing firm. He was responsible for the generation of all sales revenue and for a team of 10 sales development representatives.
He joins the Nunez Self-Storage Group as an Investment Sales Associate.
“Andrew has established relationships working with self-storage owners and operators on a local and national basis. His focus at NAI Horizon will be to continue to foster those relationships, providing that same level of customer service and expertise in his new role as a commercial real estate agent – specializing in the sales and acquisition of self-storage assets,” Nunez said.
Nunez is actively building out a national self-storage practice under the NAI Global brand. New York-based NAI Global is one of the most recognized brands in commercial real estate and operates more than 300 offices worldwide with more than 5,100 professionals. Annually, the company generates more than $20 billion in transaction fees and commissions.
Agresta earned a bachelor’s degree in marketing and international business from the Ivy College of Business at Iowa State University in Ames, Iowa. He also attended the University of Limerick in Limerick, Ireland.
His hobbies include traveling with his family and skiing. He is currently working on getting his private pilot’s license. He is active in the community, volunteering time to the Hunger Task Force and assisting in the construction of a home in 2022. He also helped raise more than $5,000 for the Ames Animal Shelter in 2018.
About the NAI National Self-Storage Investment Group
Prior to getting licensed to sell real estate, Denise Nunez was a media publisher in the self-storage industry. Once she shifted her career focus to real estate, specializing in self-storage investment advice and sales was complementary to her life and work experience, and it was only a few years before she became one of the top-producing brokers in the Southwest, regardless of the property sector. Her grasp, understanding, and knowledge of the financial aspects of self-storage development and investment sales are key to her success, and she is the most sought-after expert to help developers, owners and investors with strategic insights, valuations, and market competition. In addition to sales and acquisitions, the National Self Storage Investment Group advises developers on new, ground-up projects, performs broker opinions of value, works with value-add opportunities, creative positioning, 1031 and 721 Exchanges, and marketing properties to stabilization. Contact Denise Nunez, a Principal with NAI Horizon and the Executive Managing Director of the National Self Storage Investment Group at (602) 697-8869 or denise.nunez@naihorizon.com.
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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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by Peter Madrid | Jul 13, 2023 | News & Updates
SCOTTSDALE, ARIZONA (July 13, 2023) – Fidelity National Title Agency is pleased to announce that it has added an industry expert to its senior administrative team with the hiring of Taylor Mize as Vice President, Commercial Sales Manager.
Mize will be responsible for leading and managing the growth of Fidelity National Title’s commercial market share through the growth of its relationships in the Arizona market, development, oversight, and management of the commercial sales team.
Born and raised in Arizona, Mize previously managed sales and operations within the homebuilding industry for PulteGroup for more than 17 years in Arizona and the Pacific Northwest Divisions. He left the company as Vice President of Sales for the Pacific Northwest Division.
“We are thrilled to have Taylor join our Fidelity family,” said Diane Day, Fidelity National Title President/County Manager. “He brings a wealth of experience in the home building industry with a strong history of sales management experience. I am confident that he will make a positive impact on our commercial team and operation.”
Mize’s experience in the home building industry included a primary focus on sales and account management with SunPower. In his role, he established relationships with homebuilders to help incorporate the benefits of solar energy in the construction of their homes.
Mize holds a BS in management from Northern Arizona University in Flagstaff with an emphasis on entrepreneurship. Away from the office, he enjoys an active outdoors lifestyle including hiking, exploring the state, and playing golf.
About Fidelity National Title
With a proud history of more than 165 years, Fidelity National Title Agency (NYSE-FNF) is the nation’s premier real estate service providers. FNF has $1.7 + billion in claims reserves, 32.2% market share, and is the highest-ranked title insurance company on the Fortune 500. Through its nationwide network of direct operations and agents, Fidelity National Title Agency provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals, investors and consumers. Let Fidelity demonstrate why customers nationwide rely on its experience, service and financial strength for real estate transactions across the country. For more information visit www.fntarizona.com/
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by Peter Madrid | Jul 13, 2023 | News & Updates
PHOENIX, ARIZ. (July 13, 2023) — The Arizona Association for Economic Development (AAED) is pleased to announce the election of five members to serve on the Executive Committee of its Board of Directors.
The committee includes President Vincent “Skip” Becker, President-elect Karla Moran, Vice President Jennifer Lindley, Secretary/Treasurer Heath Vescovi-Chiordi, and Immediate Past President Wendy Bridges.
The members of the new Executive Committee bring a combined more than 80 years of experience in economic development.
Becker serves as the President of Becker Development and Consulting LLC. He provides the resources and knowledge to help companies with site selection, project management, agribusiness development, and consulting needs. Based in Lake Havasu City, Arizona, Becker serves his local community and those across the state. Becker is a nationally certified economic developer and was named the 2015 Developer of the Year by AAED.
“It’s an honor to serve as president and work alongside so many of my talented colleagues. We are eager to collaborate with others and create new initiatives to grow economic development in Arizona,” Becker said.
Moran is an Economic Development Principal with Salt River Project (SRP) and brings more than 15 years of economic development experience, including roles with the Arizona Department of Commerce, the Arizona Commerce Authority, and the Town of Gilbert.
Lindley is the Downtown Development Manager with the Town of Queen Creek and has more than 17 years of experience in nonprofit leadership and economic development. Lindley is responsible for co-founding AZ Downtowns, a group that was created to ensure there is better statewide collaboration and legislation for downtown development and redevelopment. She was recently named one of the Phoenix Business Journal’s 40 Under 40 award winners for 2022.
Vescovi-Chiordi is the Director of Economic Development for Pima County. In his role he focuses on economic development and workforce development initiatives. Vescovi-Chiordi was previously with the Town of Marana as an Assistant to the Town Manager.
As the Immediate Past President, Bridges will remain on the Executive Committee and will assist the board in its continuing efforts. Bridges is the Economic Development Director for the City of Goodyear. Bridges has more than 25 years of experience in county and municipal government and has served communities throughout Arizona.
The Executive Committee members were approved at AAED’s Annual Spring Conference, which was held on April 28 in Tucson. They began their positions on July 1.
About AAED
The Arizona Association for Economic Development (AAED) was founded in 1974 with a mission to serve as Arizona’s unified voice for responsible economic development through professional education, public policy, and collaboration. The Association works to promote economic development in the State of Arizona through an exchange of information and educational opportunities among its members, to act as a liaison with outside groups, to influence legislation affecting economic development, and to empower members to create relationships to improve the economic outlook for Arizona. For more information on AAED, visit aaed.com or call (602) 240-2233.
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by Peter Madrid | Jul 11, 2023 | News & Updates
SCOTTSDALE, ARIZONA (July 11, 2023) – Harvard Investments announces the departure of longtime senior executive Kathe Astrom and welcomes recent Harvard FirstStreet, Estrella, and professional hires.
Leadership Team Departure
Katherine L. Astrom, Chief Financial Officer, Vice President & Treasurer
After 35 years at Harvard Investments, Katherine (Kathe) Astrom announced her retirement effective June 30. Astrom served as the CFO at Harvard Investments, guiding the financial well-being and growth of the firm. Astrom is a Certified Public Accountant experienced in finance, accounting, audit, and tax reporting.
She began her career as an auditor with Deloitte & Touche, joining Harvard Investments in 1988. Astrom has been a steady and insightful financial leader for Harvard through multiple recessions and the many challenges of the real estate development industry.
Through her work and contributions to the team, she played a pivotal role in Harvard’s achievements and laid the foundation for its future success. Astrom is a member of the American Institute of Certified Public Accountants, Arizona Commercial Real Estate for Women, Urban Land Institute, the Arizona Society of Certified Public Accountants, and the Construction Financial Management Association. She leaves Harvard Investments to pursue her personal interests.
New Personnel
Tiffany Greene
Greene joined Harvard Investments in May as Real Estate Legal Coordinator. Her primary roles include supporting and facilitating real estate, loan and business transactions, the formation and annual servicing of project entities and partnerships, and managing an array of legal, title, and corporate documents. Her prior work experience includes positions as an escrow officer at Premier, Landmark, and Orchard Title Agencies as well as the Portfolio Assistant for L. Roy Papp & Associates. Greene is an active Notary Public for the State of Arizona.
Harvard — FirstStreet Division
Harvard Investments continues to grow personnel for its Harvard FirstStreet division, which develops build-to-rent (BTR) communities in Arizona, New Mexico, Texas, and Nevada.
Robert Trujillo
Robert Trujillo
Robert Trujillo joined the Harvard team as Vice President – Harvard FirstStreet in August 2022. Trujillo’s primary responsibility is to provide day-to-day leadership of the Harvard FirstStreet Division. Trujillo brings to Harvard more than 25 years of experience in the real estate industry, primarily in multifamily development. He has a Bachelor of Architecture degree from the University of Kentucky and a Master of Architecture from the University of New Mexico.
Over his career, Trujillo held development and leadership roles in multifamily companies in Santa Fe, New Mexico, the southeastern U.S., and most recently in Phoenix at Hines. He brings experience across the development spectrum including site acquisition, financing, construction, and property management. Trujillo’s experience, leadership, and vision for the future of the BTR market fit well with the existing FirstStreet team and Harvard’s future goals.
Janelle Humphrey
Janelle Humphrey joined Harvard Investments in November 2022 as Controller – Harvard FirstStreet Division. She leads the division’s accounting team, overseeing the accounting, financial reporting, and construction financings. Humphrey received her degree in finance from the University of Arizona and an MBA from the University of Phoenix.
Prior to joining Harvard Investments, Humphrey worked as the Controller for Garrett Walker Homes in Phoenix and as Director of Finance/Controller for Landsea Homes of Arizona following Landsea’s acquisition of Garrett Walker.
Nathan Shooks
Nathan Shooks joined Harvard Investments in February as Senior Development Associate – Harvard FirstStreet Division. His primary roles include financial analysis, development planning and execution, and asset management for BTR communities. Shooks earned his degree in finance from Northern Arizona University.
He holds his FINRA Series 7 and 63 licenses. Prior to joining Harvard Investments, Shooks worked for several real estate companies including VEREIT, CIM Group, MOVID, and Urban Communities.
Estrella Development Company
Estrella is one of the largest master-planned communities in the U.S., located in Goodyear, Arizona. Purchased in partnership with Värde Partners and Toll Brothers, Harvard Investments serves as the managing partner.
Aaron Pederson
Aaron Pederson joined Estrella in May as Director of Finance. He is an experienced finance and accounting professional with extensive real estate experience including loan consummation/negotiation, land underwriting, and homebuilder finance/accounting.
Most recently Pederson was director of finance at New Home Co. Prior to that he was at Macerich (a national retail mall owner and operator) for 10 years. Pederson grew up in northern Minnesota. He graduated from the University of Minnesota with a double major in accounting and finance and a minor in risk management/insurance.
Rebecca Palacio
Rebecca Palacio joined Estrella in November 2022 serving as Contracts Coordinator. Her focus is contract oversight and associated accounting functions, along with project coordination. Prior to joining Estrella, Palacio worked for several real estate-related companies including the Velocity Retail Group, The Opus Group, and Cushman & Wakefield.
About Harvard Investments
Harvard Investments, Inc. is a real estate investment and development company with real estate holdings throughout the western United States. Harvard combines experience, integrity, and financial stability to create high-quality, environmentally sensitive, profitable communities including both large-scale master-planned communities and build-to-rent neighborhoods. Harvard’s Canadian parent, the Hill Companies, is a privately held diversified company involved in real estate development including construction and leasing of commercial office buildings and retail properties, oil and gas production and distribution, broadcasting, surety bonding, and insurance. The Hill Companies celebrated its 120th year of continuous family ownership and operation in 2023. To learn more visit harvardinvestments.com.
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by Peter Madrid | Jul 11, 2023 | News & Updates
PHOENIX, ARIZONA (July 11, 2023) – Heather Personne, Managing Principal of development firm Evolve Ventures, has been selected as the new Chair of the Urban Land Institute, Arizona District Council (ULI Arizona), serving on a voluntary basis for a two-year term that started on July 1.
Personne is actively involved with ULI, serving as past Arizona District Council Vice Chair and Vice Chair/Founding Member of the National ULI Placemaking Product Council. She is also a member of ICSC, AZCREW, and sits on the Maricopa County Board of Adjustment. In addition to her professional commitments, Personne also participates on the alumnae board of the Phoenix chapter of Kappa Alpha Theta and is a founding board member of the Roadrunner League of Boys Team Charity, a civic organization focused on encouraging philanthropic commitments among young adults.
“I am honored to be stepping into the role of District Council Chair for ULI Arizona and to carry on our legacy of thought leadership in the community and the real estate and land use industry,” Personne said. “I look forward to working with all of our member leaders to continue providing a meaningful membership experience, diversifying our board and our membership, and raising awareness about the critical issues impacting our community.”
Personne possesses more than 25 years of experience in real estate acquisitions, development, management, and dispositions. Throughout her career, she has spearheaded the development of more than 100 retail, office, hospitality, and multi-family properties throughout the Western U.S.
Prior to co-founding Evolve, she held roles as a Principal with Point B Property Development, a Retail Partner with Phoenix-based commercial development and investment firm ViaWest Group and a Principal with Evergreen Devco, a regional retail and multi-family developer.
Personne graduated Summa Cum Laude, Phi Beta Kappa from the University of Arizona Honors College and holds a BA in psychology and French. Personne lives in Phoenix with her husband and three children.
Other members of the executive leadership team are Vice Chair Steve Lindley with Cushman & Wakefield; and Treasurer Tammy Carr with Brinkmann Constructors. Personne succeeds longtime ULI leader Mark Winkleman, President of MGS Realty Partners.
About ULI
The Urban Land Institute is a 501[c][3] nonprofit research and education organization supported by its members. Founded in 1936, the Institute has more than 45,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent multidisciplinary land use and real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policymakers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.
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by Peter Madrid | Jul 10, 2023 | News & Updates
TEMPE, ARIZ. (July 11, 2023) ‒ The Greater Phoenix Chapter of IFMA, the world’s largest and most widely recognized international association for facility management professionals, celebrated a year of membership philanthropy at its annual Cheers to the Foundation and Awards Ceremony recently in Phoenix.
The event recognizes the hard work and dedication of chapter members over the past fiscal year and to raise money for the IFMA Foundation. A silent auction was held in conjunction, with all proceeds going towards supporting the Foundation’s mission of promoting education, research, and innovation in facility management. Members who have made significant contributions to the chapter over the past year were honored. They included:
- Associate Member of the Year: Aimee Wells, Express Facility Management;
- Professional Member of the Year: Dawn Holst, City of Tempe;
- Associate Company of the Year: ATI Restoration;
- Professional Company of the Year: Terracon;
- Rising Star Student of the Year: Anjani Sharma, Arizona State University;
- Emerging Leader of the Year: Robert Dahlk, APS;
- Committee of the Year: Sponsorship Committee (Stephanie Jones, Nickol Shaffer, Samantha Perkowski);
- Committee Member of the Year: Cristina Butler, Rainbow Restoration;
- Helping Hand of the Year: Kristy Schlesselman, LMI360;
- President’s Award for Special Recognition: Mike Hollingsworth, City of Chandler; Stephanie Jones, Allied Universal Security Services; Charles Bladine, City of Tempe; and Jay Natale, Square Care.
“Thank you Marshall MacFarlane for your leadership over the past couple of years. Your presidency has inspired many and impacted even more,” said Kathleen Severson
Administrator, Greater Phoenix and New Mexico Chapters of IFMA. “We also welcome our incoming chapter president, Monisa Manju Nagarajan Gomathi. The board is excited to get started under your direction and we know the membership will be delighted to see what you bring to the chapter through your initiatives.”
About IFMA
Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs and produces World Workplace, the world’s largest facility management conference and exposition.
The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to continuous improvement of the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.
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by Peter Madrid | Jul 10, 2023 | News & Updates
SCOTTSDALE, ARIZ. (July 10, 2023) – The City of Buckeye, Arizona, is seeing tremendous growth in its housing market, ignited by the construction of the 2 MSF KORE Power plant as well as other large corporations putting down stakes in the bustling West Valley city.
KORE recently received $850 million from the U.S. Department of Energy. State officials estimate the plant will create about 3,000 new jobs and 10,000 indirect jobs.
How is Buckeye handling the housing demands for its current and future employment base? According to research by Davis Commercial AZ, there are approximately hundreds of multifamily and build-to-rent (BTR) units in the pipeline in various phases of approval by the City of Buckeye.
“These developments are looking to have product by the time KORE opens its doors,” said Andrea Davis, Designated Broker with Davis Commercial AZ, which specializes in West Valley commercial real estate. “Buckeye is working diligently to make sure there is housing for the swell of KORE employees.”
The city is experiencing residential growth much greater than neighboring West Valley cities. Buckeye has the third largest number of permits pulled in Metro Phoenix, according to the Grow Buckeye website. The projection is for more than 2,500 single-family and multifamily units this year.
The proposed housing projects include 320 multifamily units on 30 acres south of Buckeye, 200 multifamily units on 13 acres north of Buckeye, and 188 BTR units on 16 acres near the KORE site at the SEC of State Road 85 and Baseline Road.
“This isn’t going to satisfy all the population growth that Buckeye is experiencing, but it’s a good start,” Davis said
Aside from KORE Power, there are additional employment opportunities coming to Buckeye. To meet the population growth, Buckeye anticipates an additional 1.7 MSF of development. Activity will be across a variety of industry sectors including spec industrial buildings, healthcare campuses, retail and services, downtown redevelopment, and multifamily development.
Buckeye’s population has exploded from 6,500 in 2000 to more than 104,000 residents today. It continues to be one of the fastest-growing cities in the U.S. and is just 5 percent built out. At full buildout Buckeye will have a population of 1.5 million residents.
According to GrowBuckeye.com, Buckeye continues to see tremendous residential growth. The city is projecting more than 2,500 BTR and multifamily units in 2023, the equivalent of adding 8,000 new residents to the community.
Developer Fifth Avenue Properties is building a BTR community on Hazen Road. It will feature 179 bungalow-style rental units with a community clubhouse, pool, and dog park.
ABOUT DAVIS COMMERCIAL AZ
The goal of Davis Commercial AZ is to empower developers, businesses, and investors in commercial real estate and build wealth for its clients. Engaged in enriching client’s real estate assets, the Davis Team has closed more than $500 million in property deals in 10 years. Ranking Arizona regularly places Davis Commercial AZ in the top 10 category for Brokerage. Company CEO and Designated Broker Andrea Davis, CCIM, is a respected educational blogger for the BrokerList. LinkedIn and Twitter acknowledge Davis as a top commercial influencer and thought leader. Her book, SimpLEASEity™, neutralizes leasing fears and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is scheduled to be released this year. For more information visit DavisCREAZ.com.
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by Peter Madrid | Jul 10, 2023 | News & Updates
MESA, ARIZ. (July 10, 2023) – A local investment group comprised of experts in commercial real estate, law, and business recently closed on its first deal, a 39,000 SF multi-tenant asset in the “Arcadia Lite” Neighborhood.
Streamline Capital Group purchased the former Camelhead Business Center at 2600 N. 44th St., in Phoenix for $5 million. The asset is being rebranded as The Grand on 44th.
Managing Streamline Capital Group is a trio of professionals that has the expertise and experience to find, finance, and manage properties.
“I’m proud of our team as we went through a large capital raise on our first endeavor together,” said David Hrizak, one of Streamline’s three principals. “As we look to rebrand the building into The Grand on 44th, our current and future tenants can expect some exciting changes to the property.”
Two other principals, Frank Stirpe and Scott Roney, bring diversity to the group with legal, operations, project management and marketing proficiencies.
The Grand on 44th features two structures: Building A is +/- 8,594 SF; Building B is +/- 30,788 SF. The site is zoned R-5, providing flexibility for the 1.61-acre parcel. Its centralized location provides exceptional access to Phoenix Sky Harbor International Airport, the Loop 202, Interstate 10, and SR 143 and is conveniently accessible from the core of Phoenix, Tempe and Scottsdale.
“We had 19 investors for this project and their excitement for this acquisition has been through the roof. They’ve seen firsthand how easy investing can be with our unique Streamline process,” Stirpe said. “We look forward to transitioning this initial pool of investors into legacy investors and partnering with them for years to come.”
In 2001, Hrizak formed Burzak Investment Group, Inc., with the goal of locating and identifying real estate development opportunities, either as ground-up development or redevelopment of existing properties. He directed the company’s successful participation in the office, industrial, medical, retail, and residential sectors. Investments included buy, build, and hold-for-cash flow and buy, build, and sell projects.
In 2010 Hrizak founded general contracting firm Streamline Construction & Development Corp. Burzak and Streamline Construction & Development together have facilitated and executed investments totaling more than $100 million.
Throughout his career, Stirpe has excelled in the fields of business, large-scale organizational operations, and education. His innovative leadership propelled him to rapid advancement in the fields of educational operations and business. He brings to the firm a wealth of experience in marketing, operations, and project management.
Roney possesses more than 30 years of experience practicing complex business and commercial law and has held senior leadership roles in global industrial companies. He served as a corporate officer of a publicly traded Fortune 100 company.
Roney is the principal of Valley law firm Roney Business Law located in Queen Creek. He previously served as Vice President, Compliance and Ethics, for global companies Adient, PLC and Archer Daniels Midland Company.
“I am so thrilled to leverage and expand my legal and management experience in partnership with Dave and Frank and to support our shared vision to make Streamline Capital a significant and sophisticated participant in commercial real estate investments,” Roney said. “I’ve learned a tremendous amount working on this transaction and am anxious to continue that trajectory.”
Facilitating the leasing of The Grand on 44th are Keri Davies and Jason Reddington, CCIM, with LevRose Commercial Real Estate.
For more information visit streamlinecapitalgroup.net.
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2600 N. 44th St., in Phoenix
by Peter Madrid | Jun 29, 2023 | News & Updates
Land Advisors Organization facilitated the sale of 70 acres on behalf of the seller, expanding Meritage Homes’ presence in the Southwest Valley.
Scottsdale, Ariz. (June 29, 2023) – Land Advisors Organization recently facilitated the sale of 70 acres of land in Buckeye, Arizona, to Meritage Homes of Arizona for $10.1 million. The 70-acre parcel, which is preliminary platted for 271 new home lots, is located at the SWC of Apache Road and Southern Avenue.
Ben Heglie, Bret Rinehart, and Ryan Semro with Land Advisors Organization’s homebuilding team represented the seller MPC Mystic in the transaction. This project marks Meritage’s fifth new home community in Buckeye. They have been building in the area since 2017.
“Over the past two years, Buckeye has announced nearly 3.7 million square feet of commercial development with major employers establishing themselves in the area and driving a growing need for workforce housing,” Rinehart said. “Meritage is well-known across the Valley as an exceptional builder and with this project, they will make new, much-needed, homes to Buckeye’s growing employment sector. It’s very rewarding to be part of expanding Meritage Homes’ presence in the area.”
Meritage will be offering single-family homes ranging from 1,239 SF to 2,110 SF with pricing starting in the low $300s, providing buyers seeking in the area with a wide range of options. Meritage Homes’ new South Buckeye community is in close proximity to employment centers, shopping, dining, and Youngker High School. Construction is expected to begin in mid to late 2023 with the first new homes completing in early 2025.
“The economic environment in Buckeye continues to provide opportunities for homebuilders as more and more jobs come to the area,” said Scott Loncki, director of land acquisition for Meritage. “We are excited to deliver a unique community that will provide attainable ownership offerings to homebuyers as affordability remains an issue across the valley.”
About Meritage Homes Corporation
Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2022. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.
Meritage Homes has delivered over 165,000 homes in its 37-year history and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, a ten-time recipient of the U.S. Environmental Protection Agency’s (“EPA”) ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy-efficient homebuilding, and the recipient of the EPA’s 2023 Market Leader Award for Certified Homes as well as the EPA’s 2022 Indoor airPLUS Leader Award. For more information, visit www.meritagehomes.com.
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, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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by Peter Madrid | Jun 27, 2023 | News & Updates
PHOENIX, ARIZONA (June 27, 2023) – NAI Horizon represented the seller in the $1.205 million disposition of a freestanding office/industrial building in Gilbert, Arizona.
NAI Horizon Executive Vice President Jeff Adams represented Investment Property Exchange Services, Inc., a California corporation, as a qualified intermediary for 1545 McQueen, LLC, an Arizona Limited Liability Company.
The multi-tenant industrial property with five individual leasable spaces totals 6,140 SF at 1545 N. McQueen Road in Gilbert. The property is an evap-cooled warehouse featuring loading docks at each unit, arterial frontage, and ample parking. It was built in 1987 and has a clear ceiling height of 14 feet.
“I’m thrilled to be successfully involved with this highly-valued client over the past many years. More specifically, the prior purchase and subsequent sale transactions for this property,” Adams said. “We were able to turn a profit for the client of several hundred thousand dollars on this smaller project in just 18 months. That is net of facility improvements that were made and all other ancillary costs. The success of this project is catapulting this client into further real estate transactions here and in other parts of the country.”
Todd Hamilton and Adam Shteir with City Wide Commercial Real Estate represented the buyer, Old Republic Exchange Co., as a qualified intermediary for Maximum Management Corporation, a California corporation, as Trustee of The Richard Neal Mills Trust date Nov. 2, 1984, of Beverly Hills, California.
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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and 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, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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