by Peter Madrid | Mar 1, 2023 | News & Updates
Approved master plan for the resort’s development with new residential properties paves the way for a rare opportunity to create a luxury lifestyle resort community on the island known as the “Gem of the San Juans.”
Redmond, Washington (March 1, 2023) – The owner of the historic Pacific Northwest resort property, the Rosario Resort, is seeking new ownership to implement the vision of the property’s approved master plan. The plan, which was approved by the community, paves the way for the development of a high-end luxury resort living community on Orcas Island in the San Juan Archipelago, approximately 70 miles from Seattle.
The iconic Rosario Resort & Spa, listed on the National Register of Historic Places, was built between 1906-1909 by Seattle Shipbuilder and Mayor Robert Moran. The property’s incredible and breathtaking location in the San Juans captivates guests with vistas of shimmering blue water of Cascade Bay and East Sound complemented by the snow-capped Olympic Mountains. A favorite of locals, Rosario Resort amenities include spa, dining, concierge services, a museum of the property and access to the island’s magnificent natural beauty.
“We are working to find a new ‘caretaker’ of Rosario to steward the property into the next era by elevating the resort to a world-class destination with luxury residences,” said Christopher Peacock, general manager of Rosario Resort & Spa. “Having been with the resort for more than 40 years, it is exciting to embark on a new phase of development that preserves the rich history of Rosario and its exquisite natural surroundings while enhancing the property through upgrades, and the addition of event/meeting space and new luxury residential first- and second-home properties. Our vision for the property is to provide a luxury residence lifestyle for outdoor enthusiasts and families with the amenities of our iconic resort, nestled together in one of the most magnificent places in the world.”
The resort is located on Orcas Island, the largest island in the San Juan Archipelago in northwestern Washington. The San Juan Archipelago consists of 172 islands located above the northernmost reach of the Puget Sound, between Canada’s Vancouver Island and the Washington mainland. The Washington State Ferry serves four islands year-round, including Orcas Island.
Rosario Resort is being represented by Land Advisors Organization’s Washington office Co-Founding Principals Scott Cameron and Wes Falkenborg.
The property currently features 69 condo-style guest rooms and the 25,000-square-foot Moran Mansion. The resort also includes a restaurant and bar where Oprah Winfrey once popped in for a bite. Orcas Island is a favorite destination for vacationers attracted by its scenic beauty and mild weather. With its mountainous scenery, dramatic bays, and accessible lakes, streams, and waterfalls, Orcas is referred to as “the Gem of the San Juans.”
The Rosario master plan paves the way for the new owner and steward of the historic property to create a luxury lifestyle community on the Orcas and is broken into two phases.
Phase I is the resort core including the Moran Mansion renovation and expansion for dining, spa, and guest rooms. It also includes a new marina village restaurant, pool, marina showers, and event/meeting space; 55 new resort lodging units; 40 new privately owned residences; two new single-family residences; marina improvements (completed); and new employee housing (Hilltop area).
Phase II is the expansion of Hillside (16 new private residences), Upper Basin (21 new private residences), and Harborside (12 new private residences).
The plan’s concept is to create a nucleus of activity easily accessible to all guests and will facilitate efficient services, protect important view corridors, preserve valuable open space, and protect historic resources. It was laid out to create a compact village of cottages and flats along with guest suites near the mansion and additional guest suites and cottages on the surrounding hillside. The new owner will determine the optimal size of the resort.
The trend of a luxury resort lifestyle is alluring. The resort’s plan is designed to be appealing to buyers looking for a second home, but with the benefits of the resort. Although the Seattle single-family home market declined in 2022, luxury residential buyers spent millions on homes with amenities that the master plan at Rosario will offer. The sale of luxury real estate in King County was robust in 2022. Rosario is a 45- to 60-minute flight from Seattle via seaplane to the Orcas Island Airport and a 2.5-hour trip via WA State Ferries. It is also accessible by private boat.
“The overall strategy for the master plan design will be to provide and array of luxury homes and hospitality suites while maintaining the majesty of this iconic resort property,” Cameron said.
The magnitude of long-term growth for the resort was determined by several factors, including operational efficiencies, historical and natural integrity, the scenic capacity of the site, the volume of available treated water, anticipated market demand, and ratio of projected revenues to redevelopment costs.
The site analysis process included an Environmentally Sensitive Areas review and an opportunities and constraints assessment of available development areas within the resort area. Important natural features such as character-defining trees and rock outcrops were identified and geo-located using GPS technology. Connectivity will be a common theme as well with pathways and recreational and commuter trails.
“Rosario Resort is situated to capture the imaginations of seafarers and land lovers seeking their next adventure and to experience the tranquility of island living,” Cameron said. “It will be intimate luxury destination with a limited number of opportunities to own a private residence.”
by Peter Madrid | Mar 1, 2023 | News & Updates
PHOENIX, ARIZONA (March 1, 2023) – Buoyed by a myriad of sought-after asset classes despite talk of a recession, the success of NAI Horizon’s 2022 Top Producers is evidence that the strength of the Metro Phoenix commercial real estate market continues to flourish and show resiliency.
NAI Horizon professionals excelled in selling and leasing industrial, office/medical office, land, retail, and self-storage. Property management professionals were responsible for 1.5 million square feet of industrial, office, and retail properties.
“2022 was another successful year for our brokerage professionals,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “We were fortunate to leverage our strong Phoenix market by collaborating with NAI offices from other parts of the country to find solutions for tenants, landlords, and investors interested in Phoenix.”
Executive Managing Director Denise Nunez continued her success by mastering local and national self-storage investment sales in 2022. She finished atop NAI Horizon’s Top 10 Producer list for the second consecutive year. She was also NAI Horizon’s Top Producer in 2019.
Managing Director Matt Harper, CCIM, a retail expert, finished second among NAI Horizon’s Top 10 Producers. Harper finished 2022 with an impressive total of 91 total transactions, tops for the Phoenix office.
NAI Horizon’s broker ownership platform allows agents to benefit from personal achievement and company success while encouraging a collaborative culture. This platform prioritizes broker needs while offering global reach and resources.
The list of 2022 Top Producers reflects the success of the broker ownership platform and the overall positive trends in the Phoenix commercial real estate market with a range of specialties represented.
NAI Horizon’s 2022 Top Producers (and 2021 ranking):
- Denise Nunez, Self-Storage (1)
- Matt Harper, CCIM, Retail (4)
- Laurel Lewis, Office (5)
- Mike Myrick, CCIM, Office (8)
- Mark Wilcke, Industrial/Land (3)
- Chris Gerow Retail (9)
- Shelby Tworek, Retail (10)
- Jeff Adams, Industrial/Land (6)
- Gabe Ortega, Retail (12)
- Lane Neville, Investment Sales/Land (7)
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 consistently delivering 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 | Feb 28, 2023 | News & Updates
PHOENIX, ARIZ. (Feb. 28, 2023) – The Arizona Masonry Council recently bestowed journeymen cards to the next generation of masons at the 2022 Apprenticeship Program Graduation Ceremony and Celebration Dinner recently in Tempe.
The 13-member Class of 2022 was recognized with a graduation ceremony and dinner attended by members of the masonry industry along with family, friends, and individuals from the graduates’ sponsoring companies. Each graduate received their journeymen’s card, which allows them to move on to the next chapter in their masonry career. The Class of 2022 and their sponsors:
Elijah Baum, Sun Valley Masonry; Isaac Baum, Sun Valley Masonry; Alexis Cuen, Hobbs Masonry; Taylor English, Keystone Masonry; Aaron Escalante, Hobbs Masonry; Antonio Gamboa, Sun Valley Masonry; Stephen Kozel, Sutter Masonry; Oscar Montano, Sun Valley Masonry; Marcos Ortega, Keystone Masonry; Ricardo Reyes, Sun Valley Masonry; Henderson Thompson, Sutter Masonry; Ricardo Umanzor, G & G Masonry; and Macio Wright, Sutter Masonry.
“We are proud of these graduates who committed their time to learn the trade,” said Arizona Masonry Council Executive Director Dawn Rogers. “Each Saturday morning from January through November they excelled in the 3-year ‘earn-while-you-learn’ program that combines on-the-job learning, classroom instruction, and hands-on skill development. We are proud of the Class of 2022.”
AMC’s Central program is held at the East Valley Institute of Technology in Mesa and the Southern Program at Pima Community College in Tucson. Apprentices must complete 144 hours of classroom and hands-on training with a minimum of 1,500 on-the-job learning hours each year to complete the program and pass all module exams and lab projects.
Apprentices learn the proper techniques for laying brick, block and stone along with other important skills such as estimating, blueprint reading, quality control, and leadership skills.
The program team comprised Program Director Cassie Mejia, Workforce Development Training Coordinator Ryan Gray, and apprenticeship instructors Jacob Brooks, Tanner Brooks, Vince Fallecker, Mike Gray, Ryan Gray, Martin Martinez, Rob Miller, John Sugameli, and Josh Townson. Martinez was honored as Instructor of the Year.
Fastest Trowel on the Block
Arizona Masonry Council members swept the Top 3 spots at the Fastest Trowel on the Block competition held at the Las Vegas Convention Center during World of Concrete/World of Masonry. The winners:
1st: Gerardo Patlan; 2nd: Roberto Cimental; 3rd: Noe Martinez.
AMC also had a local Fastest Trowel on the Block event for its high school students. The Top 3 winners were 1, Caleb Peterson, Tucson Canyon Del Oro High School; 2, Jordan Michael, West MEC Verrado; and 3, Octavio Tello, West MEC Verrado.
About the Arizona Masonry Council
The mission of the Arizona Masonry Council is to create significant and lasting positive change for the Arizona masonry industry and to reinforce that our systems provide the premier building envelope solution in the minds of public and private owners, developers, architects, engineers, general contractors, and the general public. The Council and its members have played a significant role in economic development, new product and construction standards, enhanced safety policies and increased energy efficiency of masonry products. It has also been on the forefront of developing and implementing statewide education programs for the professional community as well as students from college to the high school level. The Arizona Masonry Council can be reached at (602) 265-5999 or visit azmasonry.org.
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by Peter Madrid | Feb 22, 2023 | News & Updates
NAI Horizon’s newest Executive Vice Presidents (left to right) Chris Gerow, Shelby Tworek, and Mike Myrick, CCIM, MRED
PHOENIX, ARIZONA (Feb. 27, 2023) – NAI Horizon is proud to announce it has promoted three brokerage professionals to Executive Vice President, one broker to Associate, and announced its 2022 award winners.
Office agent Mike Myrick, CCIM, MRED, Chris Gerow, and Shelby Tworek, leaders in NAI Horizon’s Retail Properties Group, are receiving promotions to Executive Vice President.
Myrick’s specialties are real estate advisory services and representing public and private property owners of commercial real estate assets. He focuses primarily on industrial, office, and land properties in Metro Phoenix and nationwide.
Gerow is a respected industry leader in retail and restaurant leasing and sales, investment property sales, and new development. His particular areas of expertise include retail shopping center development and tenant representation.
Tworek is also an industry leader in retail and restaurant leasing and sales, landlord and tenant representation, and new shopping center development and redevelopment. He boasts 22 years of experience in all aspects of the retail industry ranging from shopping center development and redevelopment, property disposition, leasing, and tenant representation.
Larson Wilcke
Advancing to Associate is Larson Wilcke, specializing in industrial and automotive properties, land, and investment sales.
“It is rewarding to see the growth and achievements of our team,” said Terry Martin-Denning, NAI Horizon CEO and Designated Broker. “I am proud of everyone and their unique contributions to NAI.”
NAI Horizon also announced its 2022 award winners, from the agent with the most deals to the office professional who demonstrated the highest professionalism and ethics. The winners:
- Largest commission/sale: Denise Nunez, Vault Storage and RV, Riggs Road, Chandler, Arizona;
- Largest commission/lease: Jeff Adams, SKU Distribution, Ray Road, Mesa, Arizona;
- Associate of the Year: Drew Eisen;
- Rising Star: Larson Wilcke;
- Rising Star (non-Associate): Mike Myrick, CCIM, MRED;
- Dealmaker Award (agent with most deals in 2022): Matt Harper, CCIM, 91 total transactions;
- Rainmaker Award (most revenue from referrals): Laurel Lewis;
- Hustler Award (converting cold calls to deals): Dylan Whitwer;
- NAI Giving Award (the individual who demonstrates exceptional commitment to giving back to the community): Dylan Whitwer;
- Customer Service Award (consistently delivers a high level of internal and external customer service): Gina Fernandez;
- Eagle Award (demonstrates the highest levels of professionalism, ethics, and unselfish support, building and promoting NAI Horizon): John Filli.
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 consistently delivering 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 | Feb 22, 2023 | News & Updates
Phoenix, Ariz. (Feb. 22, 2023) – VIAONE Commercial Real Estate welcomes 30-year industry veteran Doug Singer to the organization as Managing Director, company President and CEO Marc Bonilla announced today.
Singer was previously with Wells Fargo, Global Roofing, and Haydon Building Corp. He will oversee and develop VIAONE’s brokerage division as well as assist in business development.
Singer’s leadership will drive VIAONE’s explosive growth by developing and broadening the company’s brokerage vertical leveraging its existing brokerage professionals as well as his vast relationships throughout the industry.
Singer has developed contacts and knowledge within the construction and architecture community, as well as his extensive business relationships, will amplify brand awareness and programmatic partnerships through VIAONE Development.
Singer began his career in the insurance industry as a broker and correspondent with Lloyd’s of London producing several large books in Washington and Arizona. His leadership and professionalism have been widely recognized as the driving force behind the growth of several companies he has been with. His leadership credentials have always been defined by mentorship and giving back to others and the community.
During his professional career, Singer has served on a variety of boards. He has spoken nationally and abroad including China. Singer currently serves on the Executive Board of Treasure House and works with the 100 Club in support of our first responders in Arizona.
“I look forward to working with Marc in the advancement of VIAONE as a leading business leader and emerging developer in the Arizona marketplace. The explosive growth we are seeing in the Valley and the need to develop in a more vertical manner utilizing a broader mixed-use concept will bring about change in how end users see the commercial real estate industry,” Singer said.
“Doug is a natural fit with VIAONE. His character is exemplary, and his leadership style is what the organization needs as we properly realign as we scale our growth. Doug’s complementary skill set will add value not only to the organization but to each member of the team.” Bonilla said.
Singer has two successful daughters, one in Seattle and one in London. He is a longtime resident of Scottsdale with his wife Julie of 35 years. He enjoys hiking, playing golf, reading, cooking, and working out.
About VIAONE
VIAONE Commercial Real Estate and Development is driven by integrity, innovation, local expertise, and proven execution. VIAONE specializes in delivering best in class commercial real estate solutions designed to maximize outcomes through its expanded suite of services including brokerage advisory, CRE development, ownership, portfolio management, strategic partnerships, and much more. For more information about VIAONE, please visit www.ViaOneCRE.com. Also visit us on Facebook or LinkedIn @VIAONE.
by Peter Madrid | Feb 22, 2023 | News & Updates
PHOENIX, ARIZONA (Feb. 22, 2023) – NAI Horizon’s Church Realty Solutions practice represented the buyer in acquiring a well-known Phoenix Baptist church that opened in the 1970s.
NAI Horizon Senior Vice President Thomas Smith represented Phoenix Chin Bethel Church in the $1 million acquisition of church property at 3314 W. Rose Lane in Phoenix. Most recently, it was the Korean New Life Presbyterian Church.
“The acquisition of the church facilities will enable Phoenix Chin Bethel Church to have space to accommodate significant expansion of its church as well as now having a location in and around their Chin community,” Thomas said. “This transaction was an excellent example of having a team committed to helping a client purchase their ideal property.
“It began with great customer service by MidFirst Bank (Gregory Simpson), solid work by the three different engineering consultants, tireless efforts from our escrow and title team from Old Republic, and a cooperative seller’s broker. All collaborated to overcome obstacles and bring the deal to a successful closing,” Smith said.
The church property features a kitchen, security lighting, a security gate, dual street frontage, landscaping, and a building sign. The parking lot, which is fenced and paved, totals 75 spaces.
It sits on a 1.54-acre corner lot near the cross streets of 35th Avenue and Bethany Home Road. The property, built in 1973, totals 11,503 SF. It is less than one mile from the growing Grand Canyon University campus.
The sanctuary has seating for about 280 parishioners. The large fellowship hall and the attached kitchen allow for large functions. The education building (north building) provides ample classroom space for adult or child education.
“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said.
The seller was the First Southern Baptist Church of Phoenix. Earle Schroyer assisted in the transaction through an executive referral.
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 | Feb 21, 2023 | News & Updates
CHANDLER, ARIZONA (Feb. 22, 2023) – C3 Engineering, an electrical testing, inspecting, and safety firm, is proud to announce it has received NETA (InterNational Electrical Testing Association) accreditation.
NETA Accredited Company (NAC) membership is tailored for third-party, independent firms involved in full-service testing, analysis, and maintenance of electrical power systems. This includes low-, medium-, and high-voltage distribution, substation, and generation equipment.
NETA maintains a comprehensive accreditation process that certifies the company and its individual technicians to assure consumers of both the qualifications of the company as well as the credentials of the individual technician. Following accreditation, the qualifications of each NETA Accredited Company and its technicians are reviewed on a regular basis.
Jabez Brunz
As a part of the process, C3 Engineering submitted an extensive application that includes company information, employee experience and training records, documented safety plans, and technical procedures. The application process was completed with a site visit by NETA staff, along with a board review and vote.
“NETA accreditation is an exciting recognition for our company and a significant reassurance for our customers,” said Jabez Brunz, C3 Engineering General Manager. “It is a testament to the hard work and professionalism of our staff, engineers, and technicians. We are very proud of our team and excited for the opportunities that accreditation brings.”
In the past 2 years, C3 Engineering customer service has driven the company to grow to a staff of more than 20 people. With its customer service, growth, and personnel, C3 has expanded to become more than an engineering company. C3 added testing services last year and this year has completed the certification process as an NAC.
NETA Accredited Companies best support the interest of the owner, as the objectivity and competency of the testing firm are as important as the competency of the individual technician.
About C3 Engineering
At C3 Engineering, we’re dedicated to 100% customer service for our clients, providing the highest level of engineering services nationwide. Our highly trained staff offers a level of expertise and professionalism unmatched in the industry. Our utmost goal is our dedication to electrical safety for our customers, and we’re committed to providing this through our specialized services that include electrical safety engineering, maintenance and testing. You won’t find a more highly trained and qualified team of electrical engineers and professionals anywhere in the industry. When you’re looking to work with the best, work with C3 Engineering for all your electrical safety service needs. To learn more at C3 Engineering visit c-3engineering.com.
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by Peter Madrid | Feb 21, 2023 | News & Updates
PHOENIX, ARIZ. (Feb. 21, 2023) – Transact Commercial Interiors, a curator of comfortable, efficient and well-engineered furniture, modular walls, and millwork recently was honored with two awards for its dynamic collaboration with an international thought leader and innovator that offers an integrated portfolio of furniture for the modern office.
Transact Commercial Interiors won the 2021 and 2022 Teknion Dealer Impact Award for the United States as well as the 2021 and 2022 Teknion Platinum Deal Award also for the U.S.
Teknion, a global firm headquartered in Ontario, Canada, presented the awards at its Eve of Excellence Dealer Award show in Tulum, Mexico. The honors:
Platinum Award: For exhibiting excellent customer service, strong alignment with Teknion and demonstrating integrity in business and growing the collective market share. Committed to continuous improvement.
Impact Award: Presented to dealers that have had the “biggest impact” on their respective market with Teknion Products.
“We are beyond proud and grateful to have been awarded the Platinum and Dealer Impact awards for 2021 and 2022,” said Transact President and CEO Craig Scarpone. “Our partnership with Teknion is an integral part of our continued success and growth. We look forward to many more amazing accolades in our joint partnership.”
Teknion started with three employees working in 3,000 SF of space to produce a single product: T/O/S, an innovative response to the emergence of technology in the workplace. Its leadership championed the potential of design and began to form ties with leading architects and designers.
Design became an integral part of Teknion’s culture, recognized as a way of thinking and a powerful tool with which to shape a better world. From the beginning, Teknion has moved forward along a path to environmental and social performance.
The concept of sustainability embraces global ecology, healthy communities, corporate responsibility and wellness in the built environment. Teknion serves as a strategic partner in helping customers create healthy workspaces that drive productivity.
About Transact Commercial Interiors
At Transact Commercial Interiors, we are passionate about delivering innovative results for your space that are fueled by clever design and implemented with unparalleled customer service. We curate unique commercial spaces with ergonomically-sound furniture that improves productivity, collaboration, and comfort. The Transact Team will guide you along every step of the way, while providing financially and environmentally sustainable spaces without sacrificing aesthetics. Locally owned and operated for over 25 years, Transact Commercial Interiors is a trusted collaborative resource for effortless furniture solutions. Visit transactinteriors.com.
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by Peter Madrid | Feb 16, 2023 | News & Updates
PHOENIX, ARIZ. (Feb. 16, 2023) – Keith Earnest, a 35-year veteran of the commercial real estate industry and Executive Vice President for VanTrust Real Estate, LLC (VanTrust), has been named the recipient of NAIOP Arizona’s 2022 Award of Excellence.
The award will be presented to Earnest at the Best of NAIOP awards ceremony on April 27 at the Arizona Biltmore.
The NAIOP Arizona Award of Excellence recognizes an individual who has made a significant and positive impact on the commercial real estate industry in Arizona over a period of at least 15 years, along with direct volunteer contributions to the chapter.
As Executive Vice President of VanTrust, Earnest has overseen the completion of 2.3 million square feet of development in Arizona, including office, industrial and multifamily projects. Since entering the Arizona market in 2014, VanTrust has been investing in communities across the state with a commitment to creating lasting value through thoughtful development projects.
Under Earnest’s direction, VanTrust received the NAIOP Arizona 2021 Industrial Owner/Developer of the Year Award, having developed 1.8 million square feet of industrial space in Glendale, Peoria, Phoenix, Tucson, and Marana in 2021.
“My sincere congratulations to Keith for being recognized as NAIOP’s Award of Excellence recipient for 2022. I had the pleasure of working with Keith early in his career and can attest to his commitment to integrity and respect that have been hallmarks of his success,” said NAIOP Arizona Board Chair Cathy Thuringer, Trammell Crow Company.
“Over his more than three decades in the industry, his dedication, leadership and mentorship have positively impacted many of us in the Arizona real estate community. NAIOP is extremely grateful for Keith’s contributions to the organization both locally and nationally and very proud to present him with this prestigious award,” Thuringer said.
Earnest is well-known in the commercial real estate industry, having led VanTrust’s Southwest regional office for the past eight years, where he is responsible for Southern Nevada, Arizona, California, and Colorado. Earnest led the completion of 5.7 million square feet of product in Southern Nevada, including Northgate Distribution Center, which won the 2022 NAIOP Southern Nevada Spotlight Award for Industrial Park of the Year and was featured in the national publication, Development magazine.
Earnest led the VanTrust team that worked to land major national tenants Reckitt Benckiser, Fanatics, The Honest Company and Amazon to Northgate. VanTrust also developed the Tropical Distribution Center, which has attracted major tenants in Amazon, Sephora and Novva Data Centers.
VanTrust’s latest Nevada project, Vantage North, is a 4.6 million square foot, six-building development along the southern boundary of the Apex Industrial Park in North Las Vegas.
Earnest’s unparalleled leadership in the commercial real estate industry demonstrates his passion and commitment to the industry. Early in his career, in 1998, Earnest joined NAIOP
and in 2002 he was elected Chairman of NAIOP Arizona. He was asked to rejoin the board in 2015 and served until January 2021. He is currently a member of NAIOP’s National Board of Directors.
“Development is a team game, and I’ve had the good fortune to work with some of the most talented people in the industry. NAIOP has given me the opportunity to form professional relationships that often turn into life-long friendships. NAIOP appeals to both young professionals and seasoned veterans, and I’ve enjoyed watching the organization’s evolution and the people who make it interesting and a lot of fun. I am truly humbled by this honor and grateful to be a part of such an outstanding organization,” Earnest said.
Earnest has been involved with several local charitable organizations, including the Phoenix Thunderbirds Charity Board, All Saints’ Episcopal Day School Board, Arcadia Little League Past President, and Southwest Human Development.
About NAIOP
NAIOP, a 20,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail, multifamily and mixed-use real estate. The Arizona Chapter represents over 1,000 members and is among the largest in the 50+ network.
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by Peter Madrid | Feb 16, 2023 | News & Updates
PHOENIX, ARIZ. (Feb. 16, 2023) – A receivership class. The monthly chapter meeting and lunch. A class on deploying big data. A Chicago Cubs spring training game.
The Central Arizona Chapter of CCIM, commercial real estate’s global standard for professional achievement, hits it out of the park this spring with numerous events. They include:
Commercial real estate receivership Ward Center class
Court-appointed real estate receiverships provide commercial real estate professionals with a unique opportunity to gain a solid understanding of the nuts and bolts, which is essential to success. With more than 20 years of experience administering more than 700 receiverships in state and federal court, Stephen Donell, CCIM, president of FedReceiver, Inc., shares his in-the-trenches experience navigating the complexities of this type of transaction and how brokers can best position themselves to work with receivers.
The event is on February 23 from 9 a.m. to 12:30 p.m. at the CoStar office, 2325 E. Camelback Road, Suite 110, Phoenix. Registration fee is $110 for CCIM members, $130 for Realtors, and $150 for non-members.
In real estate receiverships, participants will learn the language of receiverships, the life cycle of a receiver sale, and how to gain valuable insights regarding what receivers are looking for when retaining brokers.
Additionally, participants will learn how CoStar’s tools can help them search for distressed property opportunities in a matter of minutes.
Chapter Meeting Lunch & Learn
Kathryn Peacock with Partner Engineering and Science will cover the basics of environmental due diligence and building science and what CRE professionals need to know to successfully navigate their real estate deals.
Partner is the national leader in Phase I Environmental Site Assessments by volume. The Partner Phoenix office provides Phase I Environmental Site Assessments, Phase II Environmental testing, ADA Surveys, Property Condition Assessments, and Asbestos Surveys in support of commercial real estate.
Peacock possesses more than 20 years in the environmental consulting industry and extensive experience in due diligence assessments. Partners has a strong presence in Phoenix and is familiar with the many environmental conditions that distinguish Arizona from other parts of the country, from drywells to fluctuating groundwater, and integrate regional knowledge into their reports.
The event is March 1 with the program and lunch from 11 a.m. to noon at The Henry, 4455 E. Camelback Road, Phoenix. Check-in is 10:30 a.m. to 10:50 a.m. Registration fee is $40 for members, $55 for non-members.
CI 102: Deploying “big data”
One of CCIM’s most innovative core courses, CI 102 shows participants how to deploy “big data” and the most advanced digital tools to assess critical issues like market demand, location facility, and supply-chain strategy.
CI 102 students have learned BAO mapping and data analytics to help their clients select store locations; others used Tapestry Segmentation to determine the demand for apartment properties. In CI 102 participants will work with four case studies covering each of the major property types: office, industrial, multifamily, and retail.
There is no prerequisite to taking CI 102. The event is March 13-16 at SkySong Building 1, Conference Room 249, 1475 N. Scottsdale Road, Scottsdale.
CCIM/RMA Cubs spring training event
CCIM and RMA take over the first base party deck for a Chicago Cubs spring training game on March 14 at Sloan Park, 2330 W. Rio Salado Parkway, Mesa. The first pitch is at 6:05 p.m. Tickets are $100 for members, $125 for non-members. Sponsorship opportunities are available.
Register here for the spring events.
Visit centralazccimchapter.com to learn more about the CCIM Central Arizona Chapter.
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