by Peter Madrid | Nov 14, 2022 | News & Updates
PHOENIX, ARIZ. (Nov. 15, 2022) — The Building Owners and Managers Association of Greater Phoenix recognized its members recently at the 2022 BOMA Fall Gala Awards Banquet at The Scottsdale Resort at McCormick Ranch.
Besides the winners of eight categories, BOMA Greater Phoenix also honored two other members: new lifetime member, Shannon Dutton, RPA, FMA, CBRE, new Lifetime Member Award; and the first recipient of the organization’s relaunched scholarship, Amanda Forsmo, LEED AP O+M, Ryan Companies.
Michael Caratachea
This year’s winners:
Allied Partner of the Year: Michael Caratachea, BrightView Landscape Services.
Building Engineer of the Year: Tim Laford, Ryan Companies.
Committee Chair of the Year: Amanda Forsmo, LEED AP O+M, Ryan Companies.
Committee Member of the Year: Bella Barker, Ace Building Maintenance.
Positive Attitude Award: Matt Huggins, EDGE Building Services.
Property Manager of the Year: Amanda Forsmo, LEED AP O+M, Ryan Companies.
Alexis Matt
Service to the Profession: Kathryn Rhinehart, CPM, PRA, LEED General Associate, MODE Commercial Property Management.
Young Professional of the Year: Alexis Matt, Newmark Management.
The winners were selected from more than 50 nominees.
TV personality Catherine Anaya served as master of ceremony. This year’s Fall Gala Committee was co-chaired by Robert Bucho, Ryan Companies; Autumn Larson, Transcend Security Solutions; and Lynn Nixon, 2022 Board Secretary/Treasurer.
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 | Nov 13, 2022 | News & Updates
PHOENIX, ARIZ. (Nov. 14, 2022) – Bring together a local commercial interior designer from Wisconsin and an entrepreneur from the Midwest who’s a cheesemonger and what do you get?
The answer is Shea Cheese, a recently opened American artisan cheese shop in a quaint neighborhood retail center at 10880 N. 32nd St., Suite 19, between Cactus Road and Shea Boulevard in Phoenix.
Beth Katz, Principal of KatzDesignGroup, helped bring the vision of a neighborhood cheese shop to life for Co-Owners Jenny Zink and Izaak Myers.
Katz refers to the retail shop as being in the “Sheaborhood.”
“When I met Jenny for the first time, I said that I had to get this project,” Katz said. “I have been a ‘cheesehead’ since birth. I browse the cheese section of the grocery store as if it’s the Nordstrom shoe department. We had a really great time designing this boutique cheese shop. I am excited for the success of Shea Cheese.”
Katz converted the 700 SF space into a cozy shop with shelves, refrigerators, and a display case filled with every accouterment associated with American artisan cheeses including crackers, meats, nuts, and sauces. Breise Construction performed the tenant improvement work.
“I moved to Phoenix from Iowa and there was a cheese shop in our small town. When I got here, I said, ‘I want a cheese shop in my neighborhood. That’s what pretty much planted the idea,” Zink said.
Katz was instrumental in helping Zink and Myers navigate the City of Phoenix building permit process. Katz was hired in July and Shea Cheese opened in early November.
“Beth was fantastic to work with,” Zink said. “We found her through a restaurant consultant. She was listed a woman-owned firm with restaurant design experience. We emailed and she responded the next day.”
In a previous profession, Zink was a freelance photographer in Missouri, Kansas, and Iowa. In 2020 she took “cheese classes” online as COVID-19 shut down most businesses and schools. She is a certified Level 1 Cheesemonger.
“We thought about naming the shop Say Cheese, but our location off of Shea made for a fun and memorable name,” Myers said.
Katz’s retail and restaurant design expertise includes locations such as Mochilero Kitchen, The Parlay Kitchen & Cocktails-Scottsdale, St. Amand, Yogi’s Grill, Scoopwell’s Dough Bar, Bellissimo’s, Mancuso’s Restaurant, Naked Q, Yogurtini, and The Gladly.
Visit sheacheese.com to learn more.
About KatzDesignGroup
KatzDesignGroup is a full-service interior design firm specializing in hospitality interiors. Our mission is to remain on the cutting edge of design utilizing the most current technologies and sustainable products to create modern and engaging commercial interiors. Our goal is to embrace and highlight the best of our client’s corporate culture and philosophies and innovate that concept into an incredible built interior environment. For more information visit www.katzdesigngroup.com.
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by Peter Madrid | Nov 9, 2022 | News & Updates
SCOTTSDALE, Ariz. (Nov. 9, 2022) – Davis Commercial AZ is proud to announce that it has expanded its office with the hiring of an associate broker and a business development specialist.
Joining the firm is associate broker David Roberson and business development specialist Cathy Maloney.
Roberson, who previously worked at Phoenix Commercial Brokers for the past 6 years, has been involved in the sales, management, and development of commercial real estate in Arizona for most of his career.
His Arizona real estate experience began after moving to Scottsdale in 1998. Since obtaining his Arizona real estate broker’s license, he has been involved in more than 200 individual closed transactions totaling more than $215 million.
Roberson will be responsible for facilitating commercial real estate deals including self-storage site selection and land sales.
A native of Bismarck, North Dakota, Roberson has been a licensed real estate broker since 1980. He holds an associate of arts degree from Bismarck State College. His hobbies included traveling to U.S. national parks and exploring Arizona.
“I have had the pleasure of working with Dave years ago at Shea Commercial and Dave brings an added dimension to Davis Commercial – development. His commercial real estate experience, talent, and ethics are top-notch,” said Andrea Davis, CCIM, Principal of Davis Commercial AZ.
Maloney, a native of Chicago, is currently studying for her real estate license. In her new position, she will provide part-time business development services for Davis Commercial AZ including writing blogs, marketing support, client/economic development outreach, and book publishing assistance.
Maloney is founder and owner of Findzall Community Marketing, which supports independent business owners, municipal leaders, economic development professionals, downtown business districts, and chambers of commerce. Since 2001 she has provided marketing and communications strategies to connect with and attract businesses, shoppers, and visitors as well as educate merchants.
Maloney moved to Scottsdale from Chicago with her husband and golden retriever in 2019. They have a son who lives in Brooklyn, New York. Away from the office, she enjoys long walks with her dog, dining outdoors at sunset, and rooting for the Chicago Cubs. She and her family support St. Mary’s Food Bank and Read Better Be Better.
“Cathy is extremely brilliant and resourceful. She jumped in feet first and had results from day one. She is a vital asset to our company,” Davis said.
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ABOUT DAVIS COMMERCIAL AZ
Davis Commercial AZ, which has closed more than $500 million in transactions, collectively boasts more than 80 years of commercial real estate experience. Andrea Davis, CCIM, Principal, advises developers, landlords, buyers, tenants, and investors on market trends, strategies, and negotiations for a win-win result. Within the commercial real estate industry, Davis has won numerous awards including Top 10 in Ranking Arizona for office brokerage firm and People to Know in CRE. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit daviscreaz.com.
by Peter Madrid | Nov 9, 2022 | News & Updates
PHOENIX, ARIZ. (Nov. 9, 2022) — Water is a critical topic in the discussion of economic development and the future of Arizona. However, there is no one-size-fits-all solution for Arizona.
The Arizona Association for Economic Development (AAED) Northern Committee is hosting a lunch event, “H2O, Be in the Know: Water and Future Development in Arizona,” on Nov. 16, from 11 a.m. to 2 p.m., at the Payson Golf Club, 1504 W. Country Club Drive, in Payson, Arizona.
“This relevant and timely event will discuss the future of water in Northern Arizona, explore how development will be impacted by water shortages, and possible solutions in the different regions of Northern Arizona,” said Northern Committee Chair Maggie Tidaback, AZED Pro, Economic Development Project Manager, Town of Chino Valley.
The panelists include Craig McGinnis, Water Rights Analyst, SRP; Heather Reading, Conservation Advisor, Land Advisors Organization; Tanner Henry, Water Department Director, Town of Payson; and Chris Hancock, Ph.D. candidate, Northern University Arizona.
Registration fee is $65 for AAED members; $85 for non-members. Register here.
The Northern Committee comprises Vice Chair Molly Spangler, CEcD, EDFP, Economic Development Director, City of Sedona; 2nd Vice Chair Cutter Chamberlain, AZED Pro, Assistant to the Town Manager, Town of Prescott Valley; and Tidaback.
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 | Nov 9, 2022 | News & Updates
PHOENIX, ARIZONA (Nov. 9, 2022) – Just in time for Super Bowl 57 at State Farm Stadium a mere 4 miles away, Downtown Glendale is getting one of the best brewery businesses in the Valley, Simple Machine Brewing Company.
NAI Horizon Managing Director Matt Harper, CCIM, represented the landlord in a retail lease with Simple Machine Brewing Company at the Gaslight Building, 5743-5745 W. Glendale Ave., in Glendale, Arizona.
Simple Machine Brewing Company was voted by Phoenix Magazine as Best Brewery in its 2022 Best of the Valley issue.
“We are very excited to have them as part of the Gaslight Building redevelopment. They will utilize the existing speakeasy bar (hand-carved and imported from the United Kingdom) as well as extensive indoor and outdoor seating. In addition, Simple Machine will include a music venue for regular and special events,” Harper said.
The Glendale location, the second in the Valley for Simple Machine Brewing Company, is scheduled to open in early 2023. Super Bowl 57 will be played on Feb. 12 at State Farm Stadium.
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 | Nov 8, 2022 | News & Updates
PHOENIX, ARIZ. (Nov. 8, 2022) – AZCREW has elected the officers and directors that will lead Metro Phoenix’s premier commercial real estate organization in 2023. AZCREW exists to transform the commercial real estate industry by advancing women globally.
The 2023 leadership comprises Samantha Pinkal, Vice President, Business Development, Greater Phoenix Economic Council, President; Jenny Liles, Director, Market Operations, Cresa, President-Elect and Membership Director; Heather Skinner, Vice President, Global Real Estate, JPMorgan Chase & Co., Past President; Lynette Dreitz, Partner/Director of Finance & Administration, Cawley Architects, Treasurer; Nicole Solar, Business Consultant, Olsson, Secretary.
Michelle Rutkowski, Owner/Architect, MOR Studio, Programs Director; Savannah Gadberry-Carbine, Account Manager, Climatec, Sponsorship Director; Kristin Singletary, Digital Marketing Manager, RED Development, Communications Director; Lindsey Brist, Vice President, KeyBank Clean Energy Finance, Chapter Champion Director; and Camille Patterson, Property Manager, Whitestone REIT, Chapter Historian.
“Joining AZCREW in 2013 was one of the first steps I took when I transitioned out of managing construction operations and entered a role of building relationships as part of my company’s strategy. I always give it credit as a critical step in the success I’ve enjoyed over the past decade,” Pinkal said. “To be stepping into the position of President of this organization is humbling and invigorating and I’m committed to leadership that reflects everything I’ve gained from my years of membership.”
AZCREW’s focus remains to provide unparalleled membership value, focusing on quality programming and leadership development. AZCREW is committed to diversity, equity, and inclusion as evident by its CEO-driven pledge for action in CRE, signed by more than 100 company leaders.
“Thanks to the leadership of Heather Skinner and our entire board of directors, we finished 2022 with the strongest membership numbers in our chapter’s history,” Pinkal said. “I am confident we will continue to see this growth as we build in even greater benefits for our members to develop as professionals and create strong, authentic connections locally and across the world.”
AZCREW’s 2023 strategic initiatives to further its mission include:
- Formal and informal professional development opportunities;
- Scholarships for members to engage in leadership training through CREW Network Leadership Summits and Global Leadership Certificate programs;
- Leverage member expertise in diversity, equity, and inclusion (DEI) as the global leader on research surrounding gender and diversity in CRE;
- Recognition of member achievements and their companies through award nominations and global recognition programs;
- Collaboration among 77 domestic and international chapters to share business opportunities;
- Engaging in long-term succession planning of the chapter to develop leaders across the Valley as we position ourselves for growth.
“Reflecting on this powerful and diverse slate of leaders for 2023 and the strategic succession plan in place for AZCREW, I am confident the future is bright and bold,” Skinner said.
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 over 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 | Nov 8, 2022 | News & Updates
PHOENIX, ARIZONA (Nov. 8, 2022) – NAI Horizon represented the tenant, a third-party warehousing, distribution, and fulfillment provider, in a pair of long-term leases totaling more than 250,000 SF for a value of $17.5 million.
NAI Horizon Executive Vice President Jeff Adams represented SKU Distribution (AES Direct Express LLC) in long-term leases at Airgate Corporate Center, 7353 E. Ray Road, and The Confluence, 8932 E. Ray Road, both in Mesa, Arizona.
SKU Distribution, which operates two other Adams’ procured facilities at 2225 E. Germann Road in Chandler, Arizona, and 2075 W. Obispo Ave., in Gilbert, Arizona, provides order fulfillment services, e-commerce warehousing, and e-commerce shipping services.
“Top-of-the-line, third-party logistics firms (3-PLs) have become a force since the advent of e-commerce and this trend was further upwardly affected by the pandemic, where many firms had to hold over seasonal products,” Adams said. “Companies with an e-commerce division have found they can accomplish much more by outsourcing warehousing, inventory and facility management, and distribution channels to the experts.
“SKU Distribution, with unique software systems, some of it proprietary, has become a leader in the fulfillment industry and consistently ranks high in measurable metrics. This requirement for additional space was necessitated by both the expansion of existing clients and the procurement of new clientele,” Adams said.
The long-term lease of the Airgate Corporation Center totals 142,735 SF ($11.2 million) in a new freestanding structure with a fenced yard. It features Loop 202 visibility and excellent signage. The landlord is Airgate Mesa Corporate Center, LLC.
The long-term lease at The Confluence totals 110,992 SF ($6.3 million). The Confluence is a new construction built by a joint venture between Ryan Cos. and DWS. It broke ground in June 2021, with the first phase totaling 516,000 SF across six buildings. The landlord is Mesa Gateway Owner, LLC (Ryan Development) of Phoenix.
Ken McQueen, Chris McClurg, and Blake Peters with Lee & Associates of Arizona represented both landlords.
The Confluence, 8932 E. Ray Road in Mesa
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 | Nov 3, 2022 | News & Updates
PHOENIX, ARIZONA (Nov. 3, 2022) – The sale of 7.6 acres in Queen Creek and the sale of an industrial building in Chandler highlight recent deals closed by NAI Horizon professionals. The two Southeast Valley sales totaled $5.65 million.
Sale Transactions:
Michael Myrick, CCIM, MRED, negotiated the sale of 7.6 acres for $4.725 million, representing both the seller, Julie Hoffman Geisler & Joe Hoffman, and buyer, Wentworth Storage Acquisitions, LLC. The property is located at SWC of Riggs Road and Power Road, Queen Creek, AZ.
Jeff Adams negotiated the sale of a 3,194 SF industrial building for $928,000 representing the seller, REM Holdings, LLC. The property is located at 2223 W. Pecos Road, Chandler, AZ. The buyer R.E.D. Investments, LLC, was represented by Jean Jensen with Coldwell Banker Commercial Realty.
Lease Transactions:
Dylan Whiter and Laurel Lewis represented the tenant, Veritas Funding, LLC, in a 64-month office lease for 5,980 SF at 15880 N. Greenway-Hayden Loop, Scottsdale, AZ. The landlord, KWC Greenway-Hayden Loop, LLC was represented by Mike Strittmatter with Cushman & Wakefield.
Joe Pequeno and Troy Giammarco represented the tenant, Pure Care Behavioral Health, LLC, in a 76-month office lease for 4,200 SF at 10240 W. Indian School Road Building 2. The landlord, Premier Heart and Vascular, LLC, was represented by Anthony Masiello with XCD Realty & Property Management.
Kevin Higgins represented the landlord, Bogle Family Realty, in a 38-month office lease for 5,113 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Pinnacle Logistics Group, LLC, was represented by Joe Valle with Cushman & Wakefield.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in a 60-month retail lease for 2,138 SF at 5870 W. Thunderbird Road, Glendale, AZ. The tenant, Zero One Ice, LLC, was self-represented.
Thomas Bean, CCIM and Laurel Lewis represented the landlord, State Bar of Arizona, in a 36-month office lease for 2,878 SF at 4201 N 24th St., Phoenix, AZ. The tenant, The Ramos Injury Firm, was represented by Tanner Digby with Digby Commercial.
Kevin Higgins and Laurel Lewis represented the tenant, KDS Interior Design, LLC, in a 39-month office lease for 2,109 SF at 1300 S. Litchfield Road, Goodyear, AZ. The landlord, JRC Goodyear, LLC, was represented by Emily Curie with Colliers.
Matt Harper, CCIM, represented the landlord, Carol Investment Group, in a 60-month retail lease for 3,510 SF at 4337 W. Indian School Road. The tenant, Margaret Yanez, was self-represented.
Gabe Ortega, Chris Gerow and Shelby Tworek represented the landlord, SIMONCRE CSH II, LLC, in a 60-month retail lease for 1,309 SF at 1142 E. Southern Ave., Mesa, AZ. The tenant, Palacio D’ Quinceaneras was self-represented.
Joe Pequeno and Troy Giammarco represented the tenant, First In Mind Behavioral Health, LLC, in a 26-month office lease for 1,782 SF at 1837 S. Mesa Drive, Mesa, AZ. The landlord, 1837 Property, LLC, was represented by Jonathan Rigau with Terrafirma Commercial Real Estate.
Matt Harper, CCIM represented the landlord, 1241 E. Broadway Plaza, LLC, in a 14- month retail lease for 1,600 SF at 1241 E. Broadway, Mesa, Arizona. The tenant, Native Country Healthcare Systems, LLC, was self-represented.
Matt Harper, CCIM represented the landlord, 1241 E Broadway Plaza, LLC, in a 14- month retail lease for 420 SF at 1241 E. Broadway, Mesa, AZ. The Tenant, Blackbird Music & Art Center, LLC, was self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI
Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
by Peter Madrid | Nov 2, 2022 | News & Updates
PHOENIX, ARIZ. (Nov. 2, 2022) – More than 40 students attended the second annual CCIM/GCU mentorship speed networking event held recently at the Colangelo College of Business at Grand Canyon University.
CCIM Central Arizona Chapter mentors and GCU Finance Club members connected on all aspects of the commercial real estate industry.
Chapter mentors included Jenette Bennett, CCIM, Kidder Mathews, Mentorship Chair; Emily Earnst, Kidder Mathews; Todd Hamilton, CCIM, SIOR, Citywide Commercial, Chapter President; Sheila Long, Old Republic Exchange Company, Board Member; Eli Mastracci, Phoenix West Commercial, Board Member; Andrew Platt, Commonwealth National Commercial Services; Belinda Rosthenhausler CDC Small Business Finance, Board Member; Brian Teske, Casita Capital Realty, Chapter Vice President; and Rachael Thompson, Kidder Mathews.
Representing GCU were faculty member Alan Klibanoff and Finance Club President Riley McCaughn.
Proceeds from the chapter’s upcoming Par Tee on the Green fund GCU scholarships for Institute Ward Center courses.
The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, in 2019 launched its first session of a mentorship program for undergraduates attending the Colangelo College of Business at Grand Canyon University.
Chapter President Todd Hamilton, CCIM, SIOR, Citywide Commercial (left), addresses GCU students prior to the networking event at the school.
The goal is to connect students with commercial real estate executives. Mentoring activities over the fall semester at GCU include reviewing property information for analysis, students creating and presenting a broker opinion of value, listing pitches and sales offering memorandum and attending both the chapter’s annual golf fundraiser and holiday party.
“We are pleased to continue the chapter’s university outreach program with such a partner as GCU’s Colangelo College of Business. From the highest level of faculty to student participation, the university is committed to finding the best industry connections and career opportunities for their graduates,” Bennett said. “As a mentor, there’s nothing more rewarding than seeing our mentees get hired and close transactions. The chapter is privileged to be that facilitator for all aspects of Arizona commercial real estate and look forward to future years of growing the program together.”
The CCIM Institute confers the Certified Commercial Investment Member designation. To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.
Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.
Learn more about CCIM Central Arizona Chapter: centralazccimchapter.com.
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About CCIM Institute
CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision and success for an asset, taught by instructors who are themselves industry leaders.
Today, the organization, through its 50 chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin— real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies.
In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.
by Peter Madrid | Nov 2, 2022 | News & Updates
Land Advisors Organization’s Prescott office facilitates $4.25 million deal, representing the buyer of 23 finished lots for construction of semi-custom luxury homes.
Scottsdale, Ariz. (Nov. 2, 2022) – Land Advisors Organization’s Prescott, Arizona, office represented the buyer, Southwest Sunset Homes, in the $4.25 million transaction, securing 15.12 acres within the Prescott Lakes master-planned community. The buyer plans to build semi-custom luxury homes on the newly-purchased 23 finished lots.
Capri Barney, who focuses on the rapidly developing Yavapai, Coconino, Mohave, Gila, and Navajo county markets, represented the buyer. The seller was Solstice Ridge LLC (James Fletcher principal). The property is located in the Solstice Ridge neighborhood on South Lakeview Drive. The sale fetched $281,415 per acre.
“The Prescott housing market has slowed somewhat as a result of the current economic conditions, especially in the entry-level housing segment. However, since the lot supply continues to be low and the need for additional housing remains, some homebuilders see the benefit in acquiring finished lots, if they can find them,” Barney said.
Southwest Sunset Homes approached LAO with interest in entering the Prescott market. The seller was in the process of developing 56 single-family lots when LAO approached him with an offer. The property was put into escrow while the seller completed the infrastructure. The buyer closed on 23 lots in the first of two phases as soon as all horizontal improvements were complete and approved by the City of Prescott.
Southwest Sunset Homes is also currently under contract for the remaining lots and plans to close escrow on those once development is complete. The buyer plans to build and sell semi-custom luxury homes and will begin construction on their model homes as soon as building permits are issued.
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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