by Peter Madrid | Jan 19, 2023 | News & Updates
PHOENIX, ARIZONA (Jan. 19, 2023) – An office building in Peoria and an office condo in Mesa fetched a combined $2 million, highlighting recent deals closed by NAI Horizon professionals.
Sale Transactions:
Troy Giammarco and Joe Pequeno negotiated the sale of a 5,458 SF office building for $1.425 million representing the seller, Nawa Family Trust. The property is located at 8765 W. Kelton Lane, Building C1, Peoria, AZ. The buyer, Pankaj Jain, was represented by Perry Gabuzzi with Kidder Mathews.
Joan Krueger and Laurel Lewis negotiated the sale of a 1,647 SF office condo for $600,000 representing the buyer, PowerBaseline, LLC, (Laurel Lewis). The property is located at 6640 E. Baseline Road, Mesa, AZ. The seller, East Baseline, LLC, was represented by Joan Krueger.
Lease Transactions:
Chris Gerow, Shelby and Tworek Gabe Ortega represented the landlord, Bell 51st, LLC, in a 120-month retail lease for 3,272 SF at 4907-4965 W. Bell Road, Glendale, AZ. The tenant, Equine Cryo-Therapy, LLC, was represented by Austin Payne with Diversified Partners.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Achuldjian, LLC, in a 62-month office lease for 4,813 SF, at 4616 N. 51st Ave., Phoenix, AZ 85031. The tenant, Anew Recovery, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 5-month lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Strategic Pizza, Inc., was self-represented.
Don Morrow and Dylan Whitwer represented both the landlord, Southwest Commercial Property, LLC, and the tenant, Helping Hand Recovery Center, in a 60- month office lease for 4,787 SF at 1990 W. Camelback Road, Phoenix, AZ.
Chris Gerow, Gabe Ortega and Shelby Tworek represented the tenant, Pink Nail Bar, LLC, in a 60-month retail lease for 2,641 SF at 10105 E. Via Linda, Scottsdale, AZ. The landlord, Whitestone Mercado, LLC was self-represented.
Troy Giammarco and Joe Pequeno, represented the landlord, Williams County, LLC, in a 62-month retail lease for 2,000 SF at 17431 N. 71st Drive, Glendale, AZ. The tenant, Live Well Training Center was represented by Dave Aronson with Exp Realty.
Horth Hong represented the landlord, Val Vista & Queen Creek, LLC, in a 60-month retail lease for 1,200 SF at 4844 S. Val Vista, Gilbert, AZ. The tenant, Gateway Barbershop, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, 1241 E. Broadway Plaza, LLC, in a 13-month retail lease for 3,640 SF at 1241 E. Broadway Road, Mesa, AZ. The tenant, Luis Campos, was self-represented.
Joe Pequeno and Troy Giammarco represented the tenant, Custom Select Insurance, LLC, in a 38-month office lease for 1,000 SF at 1835 W. Chandler Blvd., Chandler, AZ. The landlord, 1925 West, LLC, was represented by Ryan Edwards with Commercial Properties, Inc.
Thomas Bean, CCIM and Matt Harper, CCIM, represented the tenant, Comprehensive Medical Services, LLC, in a 12-month office lease for 388 SF at 5251 W. Campbell Ave., Phoenix, AZ. The landlord, MAZ Palo Verde, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, Emad & Sons, LLC, in a 3-month retail lease for 871 SF at 8514 W. Bethany Home Road, Glendale, AZ. The tenant, Premium Health OC, Inc. 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 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 | Jan 19, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 19, 2023) — Carrie Kelly, Executive Director of the Arizona Association for Economic Development (AAED) has been appointed Chair of the International Economic Development Council (IEDC) Public Policy Advisory Committee.
Appointed Vice Chair was Bradley Comment, Senior Vice President of Strategic Initiatives, Right Place, in Michigan. Kelly and Comment were appointed by Jonas Peterson, Chairman of the IEDC Board.
The committee monitors and reviews the organization’s legislative affairs and federal relations by establishing a list of key legislative issues to be monitored, recommending strategic and policy actions, and providing guidance on the content of the annual Economic Development Summit. Arizona is hosting the IEDC 2023 Leadership Summit from Jan. 29-31 in Tucson.
“This is an opportunity for Arizona to further establish itself as a leader on federal economic development policy development and advocate for issues important to the state and its economic development endeavors,” Kelly said. “I look forward to working with the committee members and the IEDC Board of Directors to create the best policy environment for our economic developers.”
In the past year, AAED and IEDC played an important role in the passage of the CHIPS Act and advocated for the EDA Reauthorization, historic funding for federal economic development programs, and infrastructure investments.
IEDC is a non-profit, non-partisan membership organization serving economic developers and economic development organizations. With more than 5,000 members, IEDC is the largest organization of its kind.
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 | Jan 17, 2023 | News & Updates
MESA, ARIZ. (Jan. 18, 2023) – Partnership and loyalty are two words that define EHS Restoration. “We strive to be a vital partner rather than a vendor with our clients,” EHS President, Keith Pomonis explains. “Every problem has a solution. We thrive on being that solution.”
As it celebrates its 15th anniversary, EHS Restoration has its eye on strategic local and national market expansion as it implements and aligns new infrastructure.
EHS Restoration President Keith Pomonis (right) and his son Tony.
“Our company’s goal year after year is to grow in every way possible. As the pace of technological change quickens, we actively ensure our employees have the right skills and equipment to thrive,” Pomonis said. “We are in a highly competitive industry. Our success is measured by our dedication to being the best in terms of our team, our technologies, and most importantly how we treat our clients.”
EHS Restoration became Arizona’s primary restoration company to partner beyond state lines when natural disasters such as hurricanes and wildfires wreaked havoc across the country. Its highly-trained catastrophe response team jumps into action multiple times each year to provide emergency relief to states including California, Florida, Louisiana, Virginia, Oregon, and Texas when they are exposed to substantial fire, water, storm, and ice damage from natural disasters.
“It was an easy decision,” Pomonis said. “For most local restoration companies, the geographic span of its work is limited to the Valley. We had the opportunity to be a partner outside the state and we seized it. The trips are difficult and uncomfortable, but they are a huge source of pride within our organization.”
Its ability to exceed new client expectations has furthered its connections in the industry and has led to enormous opportunities. Not only has EHS Restoration taken on major new clients, but it also expanded its workforce by more than 25 percent in 2022.
Pomonis adds that each EHS Restoration employee is passionate about their essential role in providing superior service to its clients, utilizing the most advanced equipment and improved restoration practices to ensure the client benefits from the most updated approaches.
“We are proud to be regarded as a well-established and esteemed company in the emergency restoration industry and in our community. Our exceptional customer service and quality of work have led to national exposure and recognition,” Pomonis said. “The combination of charitable efforts and high standards of work has helped us garner industry awards and honors. But what matters most to us as a veteran- and family-owned company is providing the best results for all of our clients.”
Founded in 2008, EHS Restoration embraces a dedicated philanthropic mission as a supportive member of the community. The company as a whole takes part in supporting non-profit and charitable organizations such as the Special Olympics, Habitat for Humanity, St. Jude’s Children’s Research Hospitals, Phoenix Children’s Hospitals, and the Arizona Burn Foundation
“We pride ourselves on operating with integrity and enthusiasm,” Pomonis said. “Our company foundation is built upon a set of core values that all employees embody and uphold on a daily basis to ensure outstanding service, commitment to go above and beyond, a sense of ownership in every step of the process, and respect and compassion for our clients, who truly are our partners.”
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ABOUT EHS RESTORATION
EHS Restoration provides a broad range of repair and restoration services throughout the state, including mold removal, commercial services, cleanup, emergency response, and fire/water damage repair. Veteran-owned and operated, EHS Restoration has been Arizona’s top-rated restoration company for five years running. EHS Restoration partners with numerous local and nationwide charities in addition to performing voluntary, pro-bono work for victims of natural disasters. Fully licensed and insured, EHS Restoration is a fully-certified restorative service provider and a preferred vendor for one of the largest insurance companies in the nation. For more information visit ehsrestoration.com.
by Peter Madrid | Jan 17, 2023 | News & Updates
TEMPE, ARIZ. (Jan. 18, 2023) – After 35 years of collaborating with more than 100 clients on more than 5,000 projects, W&W Structural is rebranding and expanding to continue providing structural steel services to an ever-growing construction market in Arizona and the Southwest.
W&W is a full-service structural steel, iron, and architectural/ornamental iron fabrication and erection firm founded in 1987. Its rebranding efforts include a new logo, a new website, and an in-house promotion and education initiative.
“Since 1987, we have been committed to personal growth and exemplary workmanship,” said W&W Structural President | Owner Jodi Malenfant. “By continuing to invest in our people, W&W maintains a stable, skilled, and productive workforce. As part of our growth plans, prospects will now be able to apply directly on our new website. This will greatly help with our hiring needs.”
W&W Structural has also created a structure in which employees can grow organically within the company. This includes field employees moving into positions such as estimators or project managers.
“We are always looking for new, qualified field workers, foremen, and employees to expand our company,” said Michael Gillard, the firm’s structural steel estimator.
The company was named W&W Architectural Metals, Inc., when it opened its doors. The name was changed to W&W Structural, Inc., in 2010 to best reflect its marquee leadership and operation experience. In 2019 it became a full-service structural steel contractor by staffing and training its skilled erection workers.
Notable projects include:
- Tempe Transit Center;
- Queen Creek Fire Stations Nos. 2 and 5;
- Deer Valley Airport Air Traffic Control Tower;
- Mark Kia auto dealership, Scottsdale, Arizona.
“W&W has been an outstanding contributor to the commercial construction industry. It has supported training programs, workforce development efforts and more,” said Tom Dunn, President of the Arizona Builders Alliance (ABA). “W&W is an integral part of the Arizona commercial construction industry.”
Jodi Malenfant
W&W Structural service lines include steel detailing, steel fabrication, steel erection, and steel management. Project experience is in healthcare, hospitality, transportation, education, federal work, industrial, multi-family, office, recreation, religious, residential, and retail.
W&W Structural is actively involved with industry groups including the Arizona Subcontractors Association, ABA, NAWIC, AZCREW, and AZSPE. Philanthropy is also a core value of the company.
“After 35 years in the Valley, we value giving back to the community,” Malenfant said. “Our company cherishes the time spent improving the lives around us. We are looking to make a real lasting difference in our community. As such, we support various organizations through donation drives, fundraisers, and sponsorships.”
Malenfant recently participated in “Over the Edge,” an annual event that benefits Special Olympics of Arizona. Participants repel down the side of the 27-story CityScape tower in Downtown Phoenix, challenging them to gain the courage to try something out of their comfort zone, similar to how a person with intellectual disabilities may feel when participating in sports.
“It was a thrilling experience and something that I will never forget especially since it supports a great cause,” Malenfant said.
For more information, visit w-ws.com.
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Queen Creek Fire Station construction.
by Peter Madrid | Jan 17, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 17, 2023) — Transportation and broadband infrastructure. Clear development agreements. Make Arizona more competitive. Ensuring a qualified workforce. Water conservation.
Those are some of the main policy priorities for 2023 being embraced by the Arizona Association for Economic Development (AAED), according to Executive Director Carrie Kelly.
“Our 2023 policy priorities are part of the ongoing multi-year strategic plan we set for the organization,” Kelly said. “While the plan includes new elements, the original pillars of the organization – educate, advocate, and collaborate – remain the same. How AAED accomplishes its goals and fulfills its policy priorities has changed with time. We look forward to a very ambitious and successful 2023.”
The 2023 AAED policy priorities:
- Fund transportation and broadband infrastructure: AAED supports mechanisms that encourage the development, maintenance, and improvement of transportation and broadband infrastructure, which results in business development and job creation. Technological advances must be included when considering transportation needs. This critical infrastructure ensures Arizona’s competitiveness in attracting and retaining businesses into our communities.
- Support policies that encourage clarity in development agreements: Recent court decisions have called into question the appropriate use of incentives that have a direct benefit to Arizona communities. AAED supports policies that provide incentive use clarity to developers and municipalities throughout the state.
- Expand economic development programs to make Arizona more competitive: AAED supports programs and policies that encourage businesses to expand in Arizona and enhance the state’s competitive position in attracting and retaining high-wage jobs. AAED also supports policies and investments that promote reliable and affordable electric service that emphasizes resource adequacy, price stability, and consumer protection as a foundation of Arizona’s continued economic success. AAED also supports performance-based and return-driven policies and encourages a diversity of businesses to locate and remain in Arizona for the long term, enhancing Arizona’s competitive efforts to attract and retain high-wage jobs and encourage capital investment.
- Ensure a qualified workforce and workforce pipeline: AAED supports sustainable policies and funding for education and training programs that result in a thriving qualified Arizona workforce. Supporting not only a healthy innovation pipeline but also a robust internship and craft training ecosystem that have verifiable impacts on the overall economic health of our state. AAED supports Arizona career and technical education (CTE) districts and programs, increasing awareness for students to access it and in obtaining in-demand industry credentials. A qualified workforce with a balance of post-secondary education and workforce training will support Arizona’s competitiveness in retaining and attracting high-wage jobs.
- Retain and modernize existing economic development tools: For Arizona to remain competitive amid an ever-changing global economy, it must continue to evaluate its economic development programs. Programs should reflect the state’s focus for business attraction, growth, and retention when compared to other parts of the world. AAED membership opposes unnecessary changes that reduce or delay existing and proven economic development tools and programs. Many companies choose to relocate or expand in Arizona because of these programs. The need to remain consistent and competitive is critical to Arizona’s long-term economic development success.
- Water is critical to continued economic growth: AAED applauds the Arizona Legislature and Gov. Doug Ducey for their investment in water conservation, reuse and augmentation projects. While outstanding details should be addressed, the legislation charts a path forward. AAED also believes the Bureau of Reclamation reduction mandates should be shared by all Colorado River Basin states. Arizona has been a world leader in water management. Other states should follow our lead.
“With more than 30 freshmen legislators and a new governor, AAED is looking at this legislative session with a strong sense of optimism,” Kelly said. “We’re looking forward to educating and working with all lawmakers to continue advancing Arizona’s strong economy.”
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 | Jan 12, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 12, 2023) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, elected officers and board members for 2023.
The 2023 Executive Committee of NAIOP Arizona includes Cathy Thuringer, Trammell Crow Company, Board Chair; John Orsak, Lincoln Property Company, Vice Chair; Derek Flottum, The Opus Group, Treasurer; Phil Breidenbach, Colliers International, Programs Chair; and Rusty Kennedy, Stream Realty, Immediate Past Chairman.
The new officers will lead the Arizona chapter, which as the fifth largest NAIOP chapter among 53 in the U.S. and Canada, surpassed 1,000 members in 2022.
“The growth of our chapter underscores its importance and relevance in Arizona’s commercial real estate industry,” said NAIOP Arizona President and CEO Suzanne Kinney. “I look forward to another year of working with our outstanding Board of Directors and to making our new office at the Biltmore Center a hub of activity and connection for the industry.
Jamie Godwin, President and CEO at Stevens-Leinweber Construction, Inc. and Laura Ortiz, President of Evergreen Development, begin their first three-year term on the Board of Directors in 2023.
Chelsea Porter of Renaissance Construction will serve a one-year term as Developing Leader Board Liaison. Continuing Board members for 2023 are Chris Anderson, Hines; Jenna Borcherding, VanTrust Real Estate, LLC; Chris Burson, Western Alliance Bank; Jeff Foster, Prologis; Jeff Moloznik, RED Development, LLC; Kate Morris, Transwestern; Michael Olsen, Globe Corporation; CJ Osbrink, Newmark; and Candace Rosauro, Layton Construction.
Three of NAIOP Arizona’s long-time Board members rolled off at the end of 2022. Tom Jarvis, Willmeng, who has been instrumental in the success of premier events Night at the Fights and Best of NAIOP and was a founding member of the Arizona Chapter’s Young Professionals Group (YPG) mentoring program; Danny Swancey, ViaWest Group, 2021 Chairman of the Board; and Jim Wentworth, Wentworth Property Company, 2020 Chairman of the Board.
“I am appreciative of our Board of Directors and outgoing Chairperson, Rusty Kennedy, for leading NAIOP Arizona in achieving the substantive goals set for the organization in 2022. I want to send a special thank you to all our corporate sponsors, event sponsors, and our membership for their support of NAIOP Arizona despite the specter of economic headwinds,” Thuringer said. “As we head into 2023, I look forward to working with the Board and NAIOP Arizona staff to build on the organization’s 2022 achievements as we continue our focus on member services, public policy, educational programs, enhancing Developing Leaders, events, and furthering our diversity, equity and inclusion initiatives.”
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 | Jan 10, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 10, 2023) – Arizona Multihousing Association, the statewide trade group for the apartment industry, announces the election of its 2023 officers and board members.
AMA’s 2023 Board Chair is Linda Coburn with NexMetro Development. She is joined by Lisa Rosenfeld, vice chair, HSL Asset Management; Adam Greco, treasurer, Mark-Taylor Residential; Stacy Hogue, secretary, Greystar Real Estate; Scott Hines, immediate past chair, PEM Real Estate Group; Michelle Howland, IPC executive, Blue Steel Security Services; and Mark Zinman, ex-officio legal, Zona Law Group.
“With the support of my fellow board members, I have no doubt we will deliver on and achieve goals we have set for the new year,” Coburn said. “AMA provides leadership for Arizona business and government. In that regard, we will continue to be the ‘go-to’ voice for Arizona housing issues. AMA has been among the top industry organizations in Arizona and will continue to be. With more than 100,000 new residents moving into the state each year, our industry will continue to be an economic engine. That translates to more than 1 million new Arizonans this decade, and about 10,000 new apartments each year to meet the rising demand for housing.”
Board members for 2023: Flor Aparicio, Chamberlain + Associates; Elizabeth Beaulieu, Quarterpenny Management; Krisanne Beckstead, Picerne Real Estate Group; Ann Boosma, MEB Management Services; Luz Bruscini, MEB Management Services; Reid Butler, Butler Housing Company; Amy Campbell, P.B. Bell Companies.
Tracy Carboun, Greystar Real Estate Partners; John Carlson, Mark-Taylor Residential; Bry Carter, The Phoenix Staffing; Monica Chesley, Burns Pest Elimination; Nicole Churchill, Greystar Real Estate Partners; Stacey Deal, Kay-Kay Realty; Ann Diaz, AZ 1st Realty Management LLC; Anna DiSabato, Dunlap & Magee.
Kohl Eisenhour, Avenue 5 Residential; Chris Evans, HSL; Greg Flatt, MC Companies; Tim Furnas, Avalanche Security Services; Kristine Hedlund, Cox Communications; Kristin Heiple, Baron Property Services; Khara House, Bella Investment Group; Michelle Jenson, Sares-Regis Management Company.
Jim Kowalski, Kowalski Construction; Sharon Kuhlman, Asset Living; Dustin Lacey, Mark-Taylor Residential; Sara Luster, Gorman & Company; Pam McCarthy, Fairfield Residential; Kaitlyn Miller, Western Wealth Management; Lisa Osborn, Priderock Capital Partners; Kim Pacheco, Scotia Group Management.
Brandi Reynolds, RENCO Roofing; Stacey Searl, Weidner Apartment Homes; Michelle Sinclair, Evergreen Devco, Inc.; Greg Stobart, MG Properties; Dallin Tippets, Rainforest Plumbing & Air; Luis Verger, Asset Living; Christopher Walker, Clark & Walker, P.C.; Debbie Willis, P.B. Bell Companies; and Rodney Wilson, Greystar Real Estate Partners.
AMA is the statewide trade association for the apartment industry, representing more than 360,000 rental housing units and 2,600 members in legislative, legal and regulatory matters. The AMA provides services, products, educational programs and networking opportunities to promote ethical, quality rental housing throughout Arizona. For more information, visit azmultihousing.org.
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by Peter Madrid | Jan 9, 2023 | News & Updates
GOODYEAR, ARIZ. (Jan. 10, 2023) – Phoenix West Commercial represented the tenant, a full-service financial firm, in a long-term lease at Anchor Centre East in the well-positioned Camelback Corridor in Phoenix.
Phoenix West Commercial (PWC) Vice President | Principal ELi Mastracci, CCIM, represented First International Bank & Trust, which already leases space on the first and third floors of the office complex at 2231 E. Camelback Road. The lease is for the first-floor space of 7,959 SF.
First International Bank & Trust, a full-service, family-owned, community bank offering a wide range of financial services, is headquartered in Watford, North Dakota. It has offices in North Dakota, South Dakota, Minnesota, and Arizona.
“This year, our branch at Anchor Centre East had quite the challenge ahead of us – the renewal of our first-floor space amid a tight suburban office submarket, record-high rental rates, and many moving parts,” said Michael Bosh, Assistant Vice President | Corporate Counsel and David Pankow, Senior Vice President | Director of Real Estate and Construction for First International Bank & Trust. “ELi was able to successfully navigate us through this transaction, in which we accomplished all our objectives. He was very communicative, professional, and detail-oriented through the entire process.”
The building features a common conference room, a common fitness room, and the popular Gladly restaurant on the first floor.
“This was a very complex transaction due to the nature of two leases in separate spaces, all in the same project, that coincide with each other,” Mastracci said. “It was a genuine pleasure working with the corporate team. I’m glad that First International accomplished all that was necessary in the process, and I sincerely look forward to our continued relationship.”
The landlord, Anchor Manager, Inc., a Florida Corporation and subsidiary thereof TerraCap Management, LLC, was represented by Chris Walker with Cushman & Wakefield.
About Phoenix West Commercial
Phoenix West Commercial, LLC is a commercial real estate brokerage located in Goodyear, Arizona. We have access to local, national, international deals, clients and properties. Phoenix West Commercial agents have true respect and encourage the communities’ evolution. Since 2012, our team has produced highly successful transactions. We serve and provide professional, commercial real estate services throughout Arizona and the U.S. We’ve helped customers in various industries and scenarios from banking, retail, medical, industrial, government, and land sales for developers, investors, landlords and tenants. For more information visit phxwc.com.
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by Peter Madrid | Jan 9, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 10, 2023) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, kicks off 2023 with a Foreign Direct Investment update as the topic for its January lunch.
An outstanding panel of experts will discuss the flow of projects led by international companies into the Valley including the massive, $12 billion Taiwan Semiconductor Manufacturing Company (TSMC) plant being built in north Phoenix. The facility is expected to begin mass production in 2024.
“One of the benefits of working for the regional economic development organization is the line of sight on the origin of new investment into the region. We’re seeing the number of international projects surpassing the number of companies relocating out of California, which has traditionally been our largest generator of prospects,” said AZCREW President Samantha Pinkal with the Greater Phoenix Economic Council (GPEC).
“They make up about 20 percent of our portfolio of clients and we expect this trend will continue given the growth of the semiconductor, solar, battery, and electric and autonomous vehicle industries.”
The panel was assembled to cover various perspectives: foreign investor, service provider, regional economic development, and federal programming and assistance.
“I’m excited about how our panelists will be able to shed light on the experience at the ground level of these international investments and how our members can best prepare themselves to service these new clients’ unique needs,” Pinkal added.
Panelists include Ruth Soberanes, International Trade Specialist, U.S. Commercial Service; Casey Gilchrist, Senior Director, International Business Development, Greater Phoenix Economic Council (GPEC); Laura Franco French, Director, State Government Relations, TSMC; and Brooke Taff, Business Development Manager, Wood, Patel & Associates, Inc.
The event is Jan. 24 from 11:30 a.m. to 1 p.m. at the offices of Kitchell, 1707 E. Highland, Ave., Phoenix. The registration fee is $45 for members; $65 for non-members. Register here.
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is at the forefront of achieving gender equity and greater diversity in commercial real estate. We will achieve this by transforming the industry by advancing women globally. Our membership offers unparalleled business development, leadership opportunities and networking both locally in your market and globally across our 12,000-member base. For more information visit arizonacrew.org.
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by Peter Madrid | Jan 9, 2023 | News & Updates
PHOENIX, ARIZ. (Jan. 9, 2023) — BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge, announced its 2023 officers and board members.
Melissa Scott, CMCA, AMS, RPA, with Sunbelt Holdings, begins her second term as chapter President. She is joined by Vice President Kathryn Rhinehart, CMP, RPA, LEED Green Associate, MODE Commercial; Secretary/Treasurer Amanda Forsmo, Ryan Companies US; and Allied Chair Mike Caratachea, BrightView Landscape.
“I am extremely excited for our new leadership group and to continue the work we started last year in moving BOMA Phoenix forward as an industry leader in real estate and education,” Scott said.
Board members for 2023: Monica Andreas, Titan Restoration of Arizona; Patti Brown, CPM, RPA, Cushman & Wakefield; Kate Bryce, Wentworth Property Management; Monica Greenman, CPM, MBA, RPA, Transwestern; Patty Hartley, MODE Commercial; Suzanne Logan, Go To Services; Alexis Matt, Newmark; Emily Mehta, Shorenstein Realty Services; and Michael Scott, Rose Paving. The board will elect its governor.
Board members serve no more than two consecutive 2-year terms and then must take one year off before becoming eligible to serve again. An officer may serve up to two consecutive terms in an officer position (if re-elected) after which time the officer must either run for a different officer position, run for the board if their term limits are unexpired, or take at least one year off the board to satisfy the term limits.
About BOMA
The Building Owners and Managers Association (BOMA) International is a federation of 93 BOMA U.S. associations, BOMA Canada and its 11 regional associations and 13 BOMA international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including nearly 10 billion square feet of U.S. office space that supports 3.7 million jobs and contributes $205 billion to the U.S. GDP. Its mission is to advance the interests of the entire commercial real estate industry through advocacy, education, research, standards and information. BOMA Greater Phoenix has been federated with BOMA International since 1940. Find BOMA International online at www.boma.org
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