by Peter Madrid | Oct 6, 2022 | News & Updates
PHOENIX, ARIZ. (Oct. 6, 2022) – Arizona’s multifamily industry has been one of the most robust for the past few years, even during the pandemic.
While there is still plenty of runway as 2023 nears, there are some headwinds that could slow down the momentum. They include a lack of housing supply and a lack of affordable housing.
“You can’t go a day without hearing about the housing supply and the lack of it,” said Jake Hinman, government affairs consultant for the Arizona Multihousing Association and moderator for a panel at the AMA’s recent 2022 Perspectives & Projections event at the Sheraton Downtown Phoenix.
The panel discussed the Housing Supply Study Committee, which was formed to review data on the scope of housing supply and access and to compile an overview of ways to address Arizona’s housing shortage and mitigate its causes. Hinman is on the committee.
“Maricopa County is the fastest growing in the county. Everyone wants to come here,” said panelist and Tempe Mayor Corey Woods. “The challenge is that some people want to grow by only building single-family homes. In Tempe, for instance, we can’t build out. We have to build up. All our communities need to contribute to building housing for our future workforce.”
Panelist Cindy Navarrete Stotler, Deputy Director of the Arizona Department of Housing, said there needs to be a change in the conversation.
“Let’s make density cool again. We need to bring that back,” she said.
Arizona’s multifamily industry has been in the news a lot lately, from the number of apartment units needed to satisfy a growing population in Arizona to the eviction moratorium and subsequent issues the pandemic presented two years ago.
“The climate in Arizona is very difficult to navigate,” said David Leibowitz of public relations firm Leibowitz Solo, whose panel examined the shifting narrative in the media when it comes to the apartment industry. “We have worked with media the past years on the eviction issue and housing shortage. What has changed? The pandemic changed. The topic of evictions was only related to the moratorium. Now we’ve added another topic, the housing supply crisis.”
Other speakers included Mark Paratore, Vice President of Business Development for the Greater Phoenix Economic Council (GPEC), who told attendees that 2021 was a record breaker in the Valley with 10,859 new jobs. That translated into 55 new businesses, $635 million in payroll 214 domestic prospects, and 58 international prospects.
“Arizona has an increase in earnings thanks in part to high-growth innovation jobs,” he said. “Aerospace, manufacturing, and healthcare continue to lead the way.”
On the topic of national housing, affordability continues to be an issue, said Kimberly Bynum, Senior Vice President-Advisory at Meyers Research. Rent increases are making affordability more difficult. And now occupancies are coming down.
“Where is the pipeline now?” she asked. “We get kind of nervous. But we’re data people.”
Bynum’s things to watch: operating expenses, renewals, stabilized concessions, and lease-up concessions.
Jay Lybik, National Director of Multifamily Analytics at CoStar, said the Arizona housing outlook is a tale of two markets, and the change is not just happening in Phoenix. Sunbelt markets are feeling some pain as well. Record supply is beginning to overtake Phoenix rental demand.
“We are seeing some moderation,” Lybik said. “Last year was a fantastic year, with record absorption and a 5.8 vacancy percentage. There will be some issues this year, likely a reverse of 12 months ago. It has to do mainly with questions about the economy.”
Trends in Tucson show strong rent growth because of the demographic and people moving there. Tucson, Lybik said, recovered jobs after the pandemic much faster than the rest of the state. Construction activity is brisk along the I-10 freeway and around the University of Arizona. The rent growth in Flagstaff, he added, is more balanced.
About Arizona Multihousing Association:
The Arizona Multihousing Association is the statewide trade association for the apartment industry, representing more than 2,300 members in legislative, legal and regulatory matters. The mission of the Arizona Multihousing Association is to unite multifamily housing leaders in one trusted voice for Arizona’s rental community. For more information, visit azmultihousing.org.
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by Peter Madrid | Oct 4, 2022 | News & Updates
PHOENIX, ARIZ. (Oct. 5, 2022) — BOMA Greater Phoenix is inviting all Valley commercial building owners to take part on Veterans Day, Nov. 11, in the national “Light to Unite” event, a commemoration and celebration of the 240th anniversary of the U.S. Purple Heart Award.
The National Flag Foundation and the Military Order of the Purple Heart are partnering on the event and have the support of BOMA International and BOMA councils throughout the nation. This includes BOMA Greater Phoenix, the industry group that advances the commercial real estate industry through advocacy, influence, and knowledge.
The goal of “Light to Unite” is to have all major cities in America light up purple and/or red, white, and blue.
“We have some commitments for some buildings from Ryan Companies, and Transwestern, and look forward to bringing more onboard for this celebration,” said BOMA Greater Phoenix Executive Director Farrell Quinlan. “This is a patriotic way for the many commercial building owners in Metro Phoenix to show their support.”
NFF officials said they already have a commitment from One World Trade Center in New York City to light their building purple immediately following the lighting of Pittsburgh’s Koppers Tower. The Koppers Tower will be the first to light as it is the home of the NFF. All other participating buildings will light based on their time zone.
NFF is asking for BOMA-local participation helping it to secure commitments from as many American cities as possible. In addition to “Light to Unite,” event organizers have partnered with the NFL this year to create a video, “A National Flag Foundation Moment,” narrated by Jim Nantz which NFL teams will be asked to air during the NFL’s “Salute to Service” games in November.
The event has also received official support from the Marine Corps League and another commercial real estate industry group, the Society of Industrial and Office Realtors (SIOR).
Contact BOMA Greater Phoenix at admin@bomaphoenix.net if your property is interested in taking part in “Light to Unite.”
Koppers Tower in Pittsburgh.
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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by Peter Madrid | Oct 4, 2022 | News & Updates
PHOENIX, ARIZ. (Oct. 4, 2022) — The Arizona Association for Economic Development (AAED) expanded its Phoenix office with a new hire and promoted a current staff member, according to Executive Director Carrie Kelly.
Braxton Hynes joins AAED as its Member Engagement and Development Manager. Prior to joining AAED, Hynes served as Rural Community & Economic Development Program Manager with Local First Arizona and Manager of Customer Success with Yelp.
She holds a B.A. in justice studies from the Barrett Honors College at Arizona State University.
“Braxton is passionate about Arizona’s businesses and economic resiliency,” Kelly said. “Drawing from her experience in small business education, business development, and statewide tourism, she is excited to further AAED’s mission to advocate responsible economic development throughout the state.”
Juliana Jervis has been promoted to Operations and Events Manager. Jervis joined AAED as an office assistant in August 2019. Prior to joining AAED, she worked at America’s Public Television Stations (APTS) as events and staff assistant. At APTS, she helped with registrations and sponsorships for its annual event, in addition to membership recruitment and management.
Jervis holds a B.S. in sports management with minors in business administration and event planning from West Virginia University.
“Juliana has been integral in implementing positive changes at AAED,” Kelly said. “She has been assisting with marketing and outreach, organizing our events and conferences, and keeping our association on track.”
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. For more information on AAED, visit http://www.aaed.com or call (602) 240-2233.
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by Peter Madrid | Sep 28, 2022 | News & Updates
GOODYEAR, ARIZONA (Sept. 28, 2022) – Just as the West Valley has experienced growth with a keen eye toward the future, so has Phoenix West Commercial, a family-run, full-service real estate brokerage firm celebrating its 10th anniversary.
Leading the firm is Principal and Designated Broker Bobbie Lorraine Mastracci, CCIM, SIOR. Prior to founding Phoenix West Commercial in 2012, she established her reputation in the West Valley as well as nationally with the prestigious CCIM Institute, SIOR, the West Valley Commercial Real Estate Group (which she co-founded) and Don Bennett & Associates, where she began her career.
Since 2006, Mastracci has completed lease and sale transactions with clients in Arizona, across the U.S., Canada, and internationally exceeding $200 million in value and more than 17 million SF of land and improved properties. She added that approximately 93 percent of her business is repeat and referrals.
“What makes me proud looking back at the past 10 years is the company’s integrity and how we have enhanced the community,” Mastracci said. “The company culture is genuinely working for the client, not for our paycheck. When the pandemic hit, we contacted clients and business owners to see how they were doing. Did they need help with the PPP loan process or getting in touch with a financial institution that would help them. If you take care of your people and your clients come first, it circles back to you in a huge way.”
After longtime Valley real estate veteran Don Bennett passed away, Mastracci pursued other brokerage opportunities then founded Phoenix West Commercial. It is now a family business with sons ELi Mastracci, CCIM, Principal/Senior Associate, and Giuseppe Mastracci, Marketing Director; and husband and father Joey Mastracci, who handles the company’s finances.
“I interviewed with other brokerage firms but they didn’t offer what I wanted,” Bobbie Mastracci recalled. “So, I started my own company. It was very exciting. Challenging, but very exciting.”
With a focus on the West Valley, the Phoenix West Commercial office grew to about 13 brokers by 2017. The firm expanded its services to Metro Phoenix, Yuma, Flagstaff and Casa Grande.
ELi Mastracci joined the company in 2018 as an unlicensed assistant and marketing director. He began taking real estate classes at 18, working under the tutelage of his mother. He earned the prestigious Certified Commercial Investment Member (CCIM) designation at 20, the youngest to be pinned to date.
“Working in a family business and working with mom has been a great learning experience,” ELi Mastracci said. “There is a comfort and familiarity you’ve known all your life. But I’m still expected to pull my own weight. She has helped me with difficult deals and has helped me work through problems. I don’t get special treatment.”
Giuseppe Mastracci joins the team next year as an agent. He currently handles Phoenix West Commercial marketing efforts.
“Looking ahead to the next 10 years, I see my boys running the brokerage and expanding it,” Bobbie Mastracci said. “We would like to take brokerage to the next level. We would like to also expand our commercial real estate portfolio and buy additional commercial real estate to build our wealth that way.”
Added ELi Mastracci: “The goal is not just to be a broker, but to be a principal. Being a landlord lets us experience the other side of the coin. It is your money at risk now.”
While Phoenix West Commercial will always be a home for West Valley brokerage and brokers, ELi Mastracci said he would like to see the company also have an East Valley footprint.
“Our strategy from the start was to concentrate on the West Valley,” Bobbie Mastracci said. “There was a time when no one would come out to the West Valley to make a deal. Now, everyone is coming here so we are running out of inventory. The adage ‘Go West, Young Man’ holds true.”
About Phoenix Commercial West
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 | Sep 28, 2022 | News & Updates
PHOENIX, ARIZ. (Sept. 28, 2022) – The opening line of a wildly popular TV show in the 70s proclaimed: “Space, the final frontier.” With living and conducting business in space a no-too-far-off reality, Blue Origin is leading the way and rewriting the line: “Space, the next frontier.”
Kiah Erlich, Head of Astronaut Sales and Corporate Partnerships for Blue Origin, is the 2022 AZCREW Woman Icon Speaker. AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, is hosting Erlich on Oct. 12 at Arizona Country Club, 5668 E. Orange Blossom Lane, in Phoenix.
Kiah Erlich of Blue Origin
Among her topics, Erlich will discuss the intersection between space and real estate. At the center will be Orbital Reef, a commercially developed, owned, and operated space station to be built in low Earth orbit. Led by principal partners Blue Origin and Sierra Space, Orbital Reef is a commercially developed, owned, and operated space station that will be operated as a mixed-use business park in space in the second half of this decade. Orbital Reef partners include Amazon, Boeing, Redwire Space, Genesis Engineering, and Arizona State University.
Will there ever be an intersection between space and real estate?
“Yes, it’s coming very soon. Blue Origin is working towards a vision of millions of people living and working in space to benefit Earth,” Erlich said. “To get to a point where we have millions of people regularly living and working in space, we need to not only build the infrastructure to support that, we also need to look at what has worked in the past and what is working now here on Earth.
“To do that, we are looking at the real estate industry for best practices and successful business models. One that comes to mind is mixed-use development. Designed to open multiple new markets in space, Orbital Reef will provide anyone with the opportunity to establish their own address in orbit. You will see modules dedicated to research, others dedicated to space tourists, and even new businesses will emerge with a permanent office in space. Working from home will have a whole new meaning soon.”
AZCREW’s October event begins with networking and a reception on the patio at 4:30 p.m. The presentation begins in the Arcadia room at 5:30 p.m. The event wraps up with networking and reception on the patio at 6:30 p.m.
Erlich began her career at Phoenix Sky Harbor International Airport where she worked for 1½ years as a graduate airport management intern. She has since spent most of her career in the aerospace industry having led multiple $300 million-plus avionics and software businesses for Honeywell Aerospace, including several acquisitions.
Three years ago, she was offered a once-in-lifetime opportunity to pivot her career and join the space industry as the Director of NASA sales for orbital launch.
Erlich is focused on finding Blue Origin’s future astronauts and corporate partners and working towards her company’s mission of millions of people living and working in space for the benefit of Earth. She is based in Phoenix.
What was her reaction when she saw the images from the James Webb Space Telescope?
“I had two thoughts. One, how humbling, small, and insignificant we are in the universe. Two, we are not alone. One image solidified that and showed we
Orbital Reef
are not alone,” she said.
Erlich relishes everything associated with space and shared a light moment in a short Q&A.
Favorite show about space? “Ancient Aliens” on History Channel;
Favorite quote about space? “We came all this way to explore the Moon, and the most important thing is that we discovered the Earth.” – Apollo 8 astronaut Bill Anders;
Favorite song about space? “Rocket Man,” by Elton John;
Coolest memento from outer space? A piece of Kapton foil from the Apollo 11 command module, Columbia, which flew to the moon in July 1969;
Have you ever been to space? “I have not, but I have gone through our astronaut training program. I get to send humans to space, usually people who have dreamed of going to space since they were kids. That’s what is so fun about this job—helping people fulfill their childhood dreams.”
Favorite space creature? Marvin the Martian from the Looney Tunes cartoons. His catchphrase was: “Where’s the kaboom? There was supposed to be an Earth-shattering kaboom!”
Favorite astronaut? “I can’t pick just one, but I’d have to say it was the entire crew of Apollo 8. It was one of the riskier missions. It was simply remarkable. It was the first crew that orbited the moon.”
If you could eat a hamburger from anywhere in space, from where would it be?
“I’d like to have it in the comfort of Orbital Reef. Probably in some type of habitat. Humans have to be inside a habitat, spacesuit, or on an Earth-like planet because you can’t (yet) eat in the vacuum of space. I’d like to be alive to enjoy that hamburger.”
Registration fee for the Oct. 12 event is $75 for members; $500 for a table of eight (person booking the table must be a member); $100 for non-members; and $700 for a non-member table of eight. Register here.
Orbital Reef interior core
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is the premiere business network dedicated to transforming the commercial real estate industry by advancing women globally. Membership offers unparalleled business development, leadership opportunities and networking both locally and globally with more than 12,000 professionals in 75+ markets worldwide, representing all disciplines of commercial real estate. Learn more and apply for membership at arizonacrew.org.
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by Peter Madrid | Sep 27, 2022 | News & Updates
PHOENIX, ARIZONA (Sept. 27, 2022) – Four land sales totaling $9.38 million highlight recent deals closed by NAI Horizon professionals. With the addition of the sale of a retail space in Scottsdale, those five deals totaled almost $10 million ($9.8 million).
Sale Transactions:
John Filli negotiated the sale of 211.512 acres, representing the seller, Magnum Estates, LLC, for $6.768 million. The property is located at NEC of the intersection of Montgomery Road & Selma Highway, Casa Grande, AZ. The buyer, Harvik Properties, LLC, was represented by Krista Boss with Realty One Group 13.
Chris Gerow, Gabe Ortega and Shelby Tworek negotiated the sale of 5.95 acres, representing the seller, JEG Fit 43rd Ave. & I-10 Partners, LLC, for $1.6 million. The property is located at 1540,1530,1470,1460,1350 N. 43rd Ave., Phoenix, AZ 85009. The buyer, Southwestern Property Corp. was self-represented.
Chris Gerow, Gabe Ortega and Shelby Tworek negotiated the sale of 1.9 acres, representing both the seller, Ironwood Holdings, LLC, and the buyer, Mast Properties, LLC, for $550,000. The property is located at NEC of Broadway & Ironwood Road, Apache Junction, AZ.
Mark Wilcke, Larson Wilcke and Dylan Whitwer negotiated the sale of 1.62 acres of industrial land, representing the seller, Camping Investments, LLC, for $480,000. The property is located at 947 W. Silverlake Road, Tucson, AZ. The buyer, Tucson Commercial Carpet Profit Sharing Plan, was represented by David Blanchette with NAI Horizon (Tucson).
Dylan Whitwer, Laurel Lewis and Kevin Higgins negotiated the sale of a1,931 SF retail space, representing both the seller, Argyle First Realty, LLC, and the buyer, Soular Holdings 1, LLC, for $463,440. The property is located at 10031 E. Dynamite Blvd., Scottsdale, AZ.
Lease Transactions:
Thomas Bean, CCIM, represented the tenant, FIT Electronics, Inc., in a 63-month office lease for 1,686 SF at 4001 E. Mountain Sky, Phoenix, AZ. The landlord, Burt E. Fugate, etc., was represented by Joe Vale & Tarryn Fountain with Cushman & Wakefield.
Troy Giammarco and Joe Pequeno represented the landlord, Creed Holdings, LLC, in a 28- month office lease for 2,000 SF at 18001 N. 79th Ave., Glendale, AZ. The tenant, VG & Associates Inc., was represented by Brielle Torel with The Plaza Companies.
Matt Harper, CCIM, represented the landlord, McClure’s Children Trust, LLC, in a 62-month retail lease for 2,060 SF at 2721 W. Van Buren, Phoenix, AZ. The tenant, Olivia Soto, was self-represented.
Jay Mininberg represented the tenant, Brillian Network & Automation Integrated System AZ USA, LLC, in a 38.5-month lease for 2,179 SF at 7655 E. Gelding Road, Scottsdale, AZ. The landlord was represented by Mike Kitlica with Cushman & Wakefield.
Matt Harper, CCIM, represented the landlord, B & A, LLC, in a 42-month retail lease of 1,440 SF at 520 W. Union Hills Drive, Phoenix, AZ. The tenant, Santiago Jimenez Zaca, was self-represented.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Achuidjian, LLC, in a 26-month office lease for 1,378 SF at 4616 N. 51st Ave., Phoenix, AZ. The tenant, Arizona Personal Injury Centers, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, 1241 E. Broadway Plaza, LLC, in a 40-month retail lease at 1241 E. Broadway, Mesa, AZ 85204. The tenant, Crazy Hair Salon, was self-represented.
Kevin Higgins represented the tenant, Diamond Travel, Inc., in a 25-month office lease for 555 SF at 4539 N. 22nd St., Phoenix, AZ 85016. The landlord, Biltmore 22, LLC, was represented by Chris Hunter with LevRose CRE.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
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by Peter Madrid | Sep 22, 2022 | News & Updates
New 110,700 sf facility to be built on the site, bringing an estimated 200 new jobs to the area.
Tampa, Florida (Sept. 22, 2022) – Land Advisors Organization’s Tampa Bay office announces the recent sale of an 18.6-acre parcel in the Gateway Centre Business Park in Pinellas Park. The parcel, which includes a retention pond, was sold for $3.58M to 28th Street North Industrial Properties, LLC, an entity owned by South-Carolina-based Johnson Development Associates and will be developed into a 110,700 square-foot industrial building.
Nancy Surak, a senior land advisor and managing broker for Land Advisors Organization’s Tampa Bay’s office, arranged the sale on behalf of the landowner Huntley Properties and Landholdings, LLC. The buyer was represented by David Freeman of Harrison Bennett Properties. The new facility, which is being built at the corner of 28th Street and MCI Drive, is expected to complete in 2023, and will create approximately 200 new jobs.
“The Pinellas Park area has become hub for many of the state’s largest employers in recent years and as the area’s population continues to grow we anticipate employers will continue to expand or locate within the region,” said Surak. “Since listing Gateway Centre Business Park’s seven vacant parcels in early 2020, just before the Covid pandemic began, interest has been growing from a variety of industries. In fact, we estimate that by 2025 the park will create more than 570 jobs with an annual payroll of over $25 million being generated from the four parcels that have already sold.”
This most recent sale in the nearly 65-acre Gateway Centre Business Park marks the fourth site within the park to be facilitated by Land Advisors Organization since December 2020. Parcels have also been purchased by Tavistock Development, which is built a 100k square-foot distribution facility that is slated to open later this year, bringing approximately 200 jobs; Everest Hospital, which is constructing a 100k square-foot physical rehabilitation hospital that is expected to open in 2023 and will bring approximately 100 medical jobs; and Polypack, which plans to expand its facilities with a 100k square-foot manufacturing development and special use facility that is slated to open in 2024, bringing an additional 70 new jobs to the area. There are three remaining parcels within the park available.
Nancy Surak specializes in providing land advisory services and land sales throughout the Metropolitan Tampa area for Land Advisors Organization. She recently celebrated a career milestone of closing on more than $275M in land sale transactions.
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, Florida; Austin, Houston and Dallas-Fort Worth, Texas; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with Land Advisors Organization on Twitter, Facebook and LinkedIn.
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by Peter Madrid | Sep 22, 2022 | News & Updates
TEMPE, ARIZ. (Sept. 22, 2022) – Engineering consulting firm Terracon is proud to announce that Donald R. Clark P.E., a Senior Principal and Senior Consultant in the Phoenix office, is celebrating his 30th anniversary with the company and 50 years as a consultant.
Clark established Terracon’s Denver and Phoenix offices and has made a lasting impact on the company. He has also mentored many Terracon employees over the years both in Arizona and across the country.
His dedication and effort to Terracon has allowed not only the company to thrive, but the employees as well.
“Don Clark is not only one of the best geotechnical engineers in Terracon, but he is also one of the best and most well-respected geotechnical engineers in the country,” said Brent M. Borchers, Arizona Regional Manager for Terracon. “Don enjoys working with and is a great mentor to many young engineers throughout the company. Terracon is lucky to have such an amazing leader in our ranks and would not be the same without him.”
Terracon is an employee-owned multidiscipline consulting firm comprised of more than 5,000 curious minds focused on solving engineering and technical challenges from more than 175 locations nationwide.
Its talented employee-owners provide on-time and real-time data-driven insights to create an unmatched client experience that spans the lifecycle of any project, any size, anywhere.
Terracon ranks 21st on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit www.terracon.com.
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by Peter Madrid | Sep 21, 2022 | News & Updates
SCOTTSDALE, ARIZ. (Sept. 21, 2022) – Lucas Construction Group recently opened an Arizona office, compiling a team of industry veterans with more than 125 years of combined experience and creating a new force in the region’s multi-family and senior healthcare construction sector.
Lucas Construction team staff members have delivered more than 6,500 multi-family units in Metro Phoenix over the past 20 years. It currently has an active trio of senior healthcare projects in Arizona and two additional projects in Oregon worth $70 million when completed.
With annual revenues expected to exceed $125 million, Lucas Construction Group is a diversified general contractor based in North Scottsdale.
Rick Rohde
“Our current focus is on serving Metro Phoenix owners and developers in delivering quality multi-unit projects including garden, podium, and wrap construction types,” said Rick Rohde, Lucas Construction Group Director of Construction. “With an experienced team including field staff, we welcome referrals and collaboration with larger general contractors with workforce challenges.”
Lucas Construction Group has active senior living construction projects in San Tan Valley, Payson, and Estrella (Goodyear). Additional projects are underway in Roseburg and Creswell, Oregon.
Lucas Construction Group is affiliated with Inspired Healthcare Capital, an established senior living private equity real estate company with more than $1 billion in healthcare real estate transactions, acquired, developed, and financed.
Additional partners include Cre8tive Architecture and NSite Development, which were established along with Lucas Construction Group to meet the constantly increasing demand for multi-unit and senior housing. Although each company is a separate entity operating independently, the ecosystem created by the partnership offers efficiencies in expediting client projects and feeds cross-marketing opportunities to continue growth.
Tenant improvements have begun on an additional 10,000 SF space in Kierland Corporate Center to accommodate the growth of its staff, which now totals 20. Inspired Healthcare Capital will remain in the 15,000 SF space the four companies currently occupy. Lucas Construction Group, Cre8tive, and NSite Development will relocate to adjacent space in the first quarter of 2023.
The company recently hired industry expert Jodi James, who possesses decades of experience in business development and marketing leadership, as Business Development Manager.
Jodi James
“We’re promoting the experience of the team. Our team, and Rick in particular, has built more than $1 billion in multi-family projects in the Phoenix area,” James said. “I’m thrilled to help drive efforts to develop Lucas Construction Group’s position in multi-family and senior healthcare construction and to reinforce its commitment to delivering quality projects on time and on budget.”
Lucas Construction is licensed in Arizona and Oregon with contracting licenses pending approval in Utah and Nevada.
“We implement pre-construction services early. We leverage our depth of experience to evaluate every aspect of a project to provide practical and efficient approaches to save time and ultimately reduce costs,” Rohde said. “That’s what has made Lucas Construction Group a leader in the industry.”
For more information visit lucasconstruction.com.
by Peter Madrid | Sep 20, 2022 | News & Updates
GILBERT, ARIZ. (Sept. 20, 2022) – Less than a year after launching a new company, you might say Corina Burton is now Unstoppable.
Unstoppable Media teaches people how to develop an unstoppable mindset and success in business and life. Founded in December 2021, Unstoppable features a podcast hosted by Burton, a Valley-based branding and marketing expert.
“We provide business/branding/marketing/sales mentoring and coaching programs. We teach how to build authentic brands using their stories and why in business, while scaling their growth and improving company culture by using their brand mission as the foundation,” said Burton, Unstoppable Media Owner/CEO. “We also have created journals, workbooks, 4 Pillars to Unstoppable Success, that are unique to the market to manifest and create your dreams into reality. The more a person feels fulfilled, the better their performance is professional.
“We are so much more than a service or product; we are here to make an impactful difference in our community, near and far. We believe Unstoppable is meant for anyone who wants to overcome their current circumstances, lack, and difficulties and put in the work necessary to succeed. Unstoppable was created to break stereotypes and glass ceilings we even create for ourselves with self-doubt and generational teachings that have held us back. With an aligned mindset and actionable goals, we believe that anyone can become unstoppable in life and business.”
Unstoppable Media is hosting an event titled “The Unstoppable Experience,” on November 5, from 9 a.m. to 5 p.m., at The Forum, 2301 S. Stearman Drive, #4, in Chandler, Arizona. It is designed for anyone who is ready to level up, scale growth, say no to doubt, fear and achieve more personally and professionally, Burton said.
The theme is building an unstoppable foundation by breaking down barriers that can be overcome with the right mindset and achieving the success of abundance people desire in their professional lives, Burton said. Attendees will learn how successful business owners scale their companies, practices and proven strategies to overcome roadblocks, and improve profitable growth annually.
“The Unstoppable Experience speakers will be breaking down everything you really need to know about building wealth, abundance mindset, and ultimate happiness, in business and personal,” Burton said.
The keynote speaker is Weldon Long, a New York Times best-selling author | CEO | mindset and sales expert. Other speakers include Ken Patel, Founder | Chairman, EV Hotel and a Top 50 Worldwide Most Influential Leader; Ricardo Regalado, CEO | Founder, Route and Rozalado, Fund Latinos Founders, Inc.; Diana Muturia, Founder, Clyn, app developer; and Mai Vu, Co-Founder, Elevation Restoration.
“You will learn from our keynote speaker what happened in Weldon’s life and how he used those experiences to take his business from zero to $20 million in 5 years,” Burton said.
Speaker sessions will include the following topics: the power of consistency;
creating an authentic brand, how It can change your business foundation; change the narrative for sales, learn proven strategies for enhancing Growth; develop an unstoppable mindset in business and life and become powerful; how to jump into entrepreneurship; and learn how to grow from local brand to a national franchise.
“Your circumstances, difficulties, or lack do not define your future, what you choose and how to overcome them does,” Burton said. “So many of us want to just jump into changing our lives, our professional opportunities, companies and want to acquire financial abundance without doing the real work or we believe that personal trauma/wounds/negative beliefs are separate from business. The reality is, that is so far from the truth.
“Who we are in business is who we ultimately are personally. Heal the foundation of you and become unstoppable,” Burton said.
Register for the event here. Visit unstoppablemediallc.com for more information.
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