by Peter Madrid | Jun 16, 2022 | News & Updates
Land Advisors Organization and CBRE facilitated the deposition of excess land on behalf of Murphy Elementary School District No 21.
Scottsdale, Ariz. (June 16, 2022) – Land Advisors Organization is pleased to announce it recently completed the sale of an 18.1-acre parcel on behalf of the Murphy Elementary School District in Metropolitan Phoenix for $4.33 million to Merit Partners, a developer specializing in acquisitions and development of industrial, flex, and office properties.
Land Advisors Organization broker Michele Pino in partnership with Jackie Orcutt, a broker with CBRE, represented the seller, Murphy Elementary School District No. 21. Representation of the District was awarded through the competitive RFP process. Land Advisors Organization and CBRE also jointly represented the buyer, Merit Partners. The land parcel is located at 1441 S. 27th Ave., in Phoenix. Murphy Elementary School District is a public school district serving students in Southwest Phoenix from preschool to 8th grade.
“Over the past 20 years, Land Advisors Organization has worked with more than 20 school districts across Arizona to acquire or dispose of excess land,” Pino said. “This was an excess school site, and the district is being strategic in taking advantage of today’s market conditions. With the current tremendous need for industrial in this market, it was a win for the district to achieve the highest value and for Merit Partners, which is developing the industrial parcel. Land Advisors successfully put forth a strong partnership with CBRE to get this deal done.”
CommercialSearch recently ranked Metro Phoenix second nationally for industrial development growth in 2022. According to CommercialSearch, Metro Phoenix has 36.3 MSF of industrial space currently under construction.
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 and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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by Peter Madrid | Jun 14, 2022 | News & Updates
PHOENIX, ARIZ. (June 15, 2022) – Passion and accountability. Taking extreme ownership. Ability to help clients in a time of need.
Those are a few of the commitments RestorationHQ, a commercial-only emergency services general contractor, will bring to a new Tucson office, the company announced. It will provide services that it offers its clients in the Valley.
Tucson is synonymous with innovation. Tucson is diverse. It’s a relatively small city, but not when it comes to innovation and diversity.
RestorationHQ Owner Sergei Guk
“We will be officially opening the doors to our Tucson location on July 5 just in time for the summer monsoon season,” said RestorationHQ President and Owner Sergei Guk. “We added two vertical development managers to forge relationships in Tucson, we joined industry trade associations to become part of the Tucson community, and will be partnering with local initiatives to give back.”
Determined to set new standards for the industry, RestorationHQ serves the commercial space as a friend, partner, and teammate. It considers Tucson a community defined by innovation, history, technology, vision, stability, and culture.
“Tucson is a community built on family and friends; it is legacy and home,” Guk said. “Our goal is to align ourselves with our clients and continue to evolve and grow. To be that family and friend.”
RestorationHQ services include emergency response and mitigation from water intrusions and fire damage; mold remediation; asbestos abatement; hazmat/bio-cleaning services; post-mitigation reconstruction and other building-related emergency issues.
Guk said the Tucson location at 944 W. Grant Road will comprise a new office and warehouse.
“We are looking forward to taking our knowledge garnered, our best practices formulated over the years, and applying them to the Tucson market to help create better custom solutions for the commercial customer there,” Guk said. “In order to be prepared to service the Tucson market, we had to ensure that all of our resources were located locally, allowing for a faster response time.”
Since the end of the COVID-19 pandemic, RHQ has refined and developed its internal structure and processes and strengthened its partnerships, Guk said. RestorationHQ experienced a 20 percent staffing growth in 2021 with a restructured marketing and sales team to initiate growth in the new markets.
There is another reason for expanding the company in Tucson, Guk said.
“Opening the Tucson office is our next step in building a franchise model,” he said. “We focused intentional effort in building a well-grounded standard operating procedure from initial phone call to job completion and every detail necessary to maintain continuity of operations. This is our opportunity to showcase these efforts and expand our passion for servicing our commercial clients. Tucson is the first step toward launching our franchise model that will eventually cross state lines as we continue to scale our business model.”
RestorationHQ holds more than 20 current certifications, trainings, and safety courses including the IICRC (the Institute of Inspection, Cleaning and Restoration Certification, the certifying body for the inspection, cleaning, and restoration industry), AHERA Accreditation (Asbestos Hazards Emergency Response Act), EPA, OSHA, and other governing bodies responsible for compliance regulation and continued education.
For more information visit www.RestorationHQ.us.
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by Peter Madrid | Jun 14, 2022 | News & Updates
PHOENIX, ARIZ. (June 14, 2022) – Commercial real estate’s leading annual awards, the Best of NAIOP, celebrated the top-performing people, companies, and projects of the past year on June 9 at the Arizona Biltmore. The Arizona Chapter of NAIOP bestowed awards in 38 categories before a full house of commercial real estate professionals.
“The number of nominations received this year was humbling and is a testament to the positive growth we have been recognizing in the Arizona economy and real estate industry,” said CJ Osbrink, Newmark Knight Frank; Jeff Foster, Prologis; and Tom Jarvis, Willmeng, the Best of NAIOP Chairmen. “We want to extend our utmost gratitude to the NAIOP staff, NAIOP Board of Directors, and the Best of NAIOP committee volunteers for all the hard work and time they have put forth in making this such a successful and rewarding evening.”
NAIOP Arizona kicked off the evening with the prestigious Award of Excellence. In 2021, this highly sought-after recognition went to David Krumwiede with Lincoln Property Company for his 36 years of contributions to the industry and NAIOP.
Company winners were ViaWest Group, Firm of the Year; Layton Construction, General Contractor of the Year; VanTrust Real Estate, Industrial Owner/Developer of the Year; Butler Design Group, Architect of the Year; and Lincoln Property Company Desert West, Office Owner/Developer of the Year.
In the brokerage awards, JLL captured three honors including Brokerage Firm of the Year.
“It was an incredible night celebrating the tremendous projects and great achievements by our NAIOP members in 2021. Congratulations to all that were nominated and to the award winners – job very well done,” said 2022 NAIOP Arizona Chairman Rusty Kennedy with Stream Realty.
2021 Best of NAIOP Arizona winners
Company Awards
Architect of the Year: Butler Design Group
Brokerage Firm of the Year: JLL
Firm of the Year: ViaWest Group
General Contractor of the Year: Layton Construction
Industrial Owner/Developer of the Year: VanTrust Real Estate
Interior Architect of the Year: McCarthy Nordburg
Lender Firm of the Year: Western Alliance Bank
Office Owner/Developer of the Year: Lincoln Property Company Desert West
Official Branding Sponsor: TRADEMARK
Retail Owner/Developer of the Year: Barclay Group
Subcontractor/Vendor Firm of the Year: Small Giants
Tenant Improvement Contractor of the Year: Willmeng Construction
Title/Escrow Firm of the Year: Thomas Title & Escrow
Individual and Broker Awards
Award of Excellence: David Krumwiede, Lincoln Property Company
Developing Leader of the Year: James Cohn, CBRE
Emerging Broker of the Year: Serena Wedlich, CBRE
Healthcare Broker of the Year: Bill Cook, Margaret Lloyd, Brielle Torel, and
Mike McWilliams, Plaza Companies
Industrial Broker of the Year: Mike Haenel, Andy Markham and Phil Haenel, Cushman & Wakefield
Investment Broker of the Year: Will Strong, Cushman & Wakefield
Office Broker of the Year: Pat Williams, Andrew Medley, Vicki Robinson, Chris Corney, and
Sydney Setnar, JLL
Retail Broker of the Year: Dave Cheatham and Darren Pitts, Velocity Retail Group
Tenant Representative Broker of the Year: Ryan Bartos, JLL
Project Awards
Economic Impact Project of the Year: HelloFresh
Industrial Build-to-Suit Less Than 500K SF Project of the Year: FedEx Prologis Commerce Park 2
Industrial Build-to-Suit More than 500K SF Project of the Year: White Claw Distillery
Industrial Tenant Improvement Project of the Year: Covetrus Grandview
Medical Office Project of the Year: U.S. Department of Veterans Affairs Phoenix Outpatient Clinic
Mixed-Use Project of the Year: Park Central
Office Build-to-Suit Project of the Year: Virginia G. Piper Creighton University Health Sciences Building
Office Tenant Improvement Project of the Year: LifeStance
Redevelopment Project of the Year: Central Logistics Center
Retail Project of the Year: Arrowhead Jaguar Land Rover Dealership & Service Center
Spec Industrial Less Than 500K SF Project of the Year: Prologis Logistics Center – Building 4
Spec Industrial More Than 500K SF Project of the Year: G303
Spec Office Project of the Year: Allred Park Place Buildings 7 & 8 with Parking Structure
Sustainable Project of the Year: Prologis Logistics Center – Building 4
Transaction of the Year: HelloFresh
Phoenix Business Journal’s Talk of the Town: White Claw Distillery
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 20,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org.
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by Peter Madrid | Jun 8, 2022 | News & Updates
PHOENIX, ARIZ. (June 8, 2022) – Arizona Self-Storage Association (AZSA), the trade association that represents the self-storage industry in Arizona, recently announced its 2022-2023 leadership team and re-elected board members.
AZSA’s 2022-2023 leadership team comprises Jeff Gorden, The Gorden Companies, President; Ray McRae, AMSMC/ Storage Solutions, Vice President; Whitney Jurjevich, Owner/Operator, Ameri-Park RV & Boat Storage, Treasurer; and Carol Mixon, SkilCheck Services, Secretary.
Re-elected board members include David Brown, Wentworth Property Company; Matt Hall, Stadium Properties; Belinda Rosthenhausler, CDC Small Business Finance; Chris Rudel, The Rudel Company; and Gorden and McRae.
“It’s wonderful to have our incumbents back on the board again. In the last couple of years we have seen the industry as well as the world change,” said AZSA Executive Director Amy Amideo. “This board has done a remarkable job by drawing upon the new board members and the experienced wisdom to create a cohesive and engaging dynamic that truly looks out for our members. I am proud to brag about the board when I meet nationally with other executive directors.”
Other returning board members include. James Appleton, MiniCo Insurance Agency; Poppy Behrens, MiniCo, Inc.; Anne Mari DeCoster, Storelocal; David Grapsas, United Structural Design; Korey Hanson, Professional Self Storage Management; Alonna Ross, StorageAuctions.com; Lee Starrett, Kiwi II Construction; and Tarik Williams, TLW Construction.
AZSA boasts more than 630 facilities in the association owned by approximately 320 owner/operators as well as more than 130 associate members who are both local and national vendors to the self-storage industry.
AZSA holds numerous events, including live and virtual (webinar) educational offerings, networking opportunities, and its annual conference, trade show, and golf tournament.
About AZSA
Founded in 1996, the Arizona Self-Storage Association was created to strengthen the self-storage industry in Arizona, promote professional standards and quality, and present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission today with approximately 600 facility and vendor members and 300 owners. AZSA works to add and refine services that benefit its members. These services include legislative watch, legal resources, communications, facility and vendor search, educational events and networking and the AZSA Self-Storage Conference & Trade Show. For more information visit azselfstorage.org.
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by Peter Madrid | Jun 7, 2022 | News & Updates
PHOENIX, ARIZONA (June 7, 2022) – The sale of 5.1 acres and an industrial building and sales of a retail building and 1.8 acres highlight recent transactions facilitated by NAI Horizon professionals. The land and industrial building fetched $2.4 million.
Sale Transactions:
Michael Gaida negotiated the sale of 5.1 acres, including 18,000 SF of industrial buildings, representing the seller, DRA, LLC, for $2.4 million. The property is located at 32240 W. Bud Road, Maricopa, AZ 85138. The buyer, the City of Maricopa, was self-represented.
Matt Harper, CCIM, negotiated the sale of a 2,527 SF retail building, representing the seller, 9432 N. Cave Creek, LLC, for $410,000. The property is located at 9432 N. Cave Creek Road, Phoenix, AZ 85020. The buyer, Azhar & Dhia Sharmookh, LLC, was represented by Chris Mott with Lanier Real Estate.
Christopher Lewis negotiated the sale of 1.8 acres, representing the seller, AUM, LLC, for an undisclosed amount. The property is located at 2555 W. Louise Drive, Phoenix, AZ 85027. The buyer, Baker Development Corporation, was represented by Garret Goulding with Citywide.
Lease Transactions:
Isy Sonabend and Drew Eisen represented the tenant, Landesberg Orora, in a 60-month industrial lease for 80,587 SF at 5120 W. Buckeye Road, Phoenix, AZ 85043. The landlord, Cohen Asset Mgmt., was represented by Don MacWilliam with Colliers.
Troy Giammarco and Joe Pequeno represented the tenant, Coach Pain Academy, in a 126-month retail lease for 4,000 SF at 3975 E. Williams Field Road, Gilbert, AZ. The landlord, Verde-Gilbert, LLC, was represented by Scott Johnson-Founder with Real Companies.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Delias Cleaners of Arizona, Inc., in a 120-month retail lease for 2,132 SF at 3941 E. Chandler Blvd., Chandler, AZ 85048. The landlord, Lakeside Management, was represented by Bryan Ledbetter with Western Retail Advisors.
Joan Krueger represented the tenant, Advance Paper & Maintenance Supply Inc., in a 61-month retail lease for 6,725 SF at 1035 N. McQueen Road, Gilbert, AZ 85233. The landlord, Richard Sheinfeld Trust, was represented by Keli Jelinek with Commercial Properties, Inc.
Matt Harper, CCIM, and Sharon Reeves represented the landlord, 911 N. 4th St., LLC, in a 60-month retail lease, for 1,375 SF at 911 N. 4th St., Phoenix, AZ 85004. The tenant, Cameron 7, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, K.C. Investments Desert Retail, LLC, in a 62-month retail lease, for 1,520 SF at 777 E. Thunderbird Road, Phoenix, AZ 85022. The tenant, Foster & Kint, LLC, was represented by Cole Schillne with Orion Investment Real Estate.
Jay Mininberg represented the tenant, Welmade Technology Corporation, in a 36-month industrial lease for 3,999 SF at 1745 W. Deer Valley Road, Phoenix, AZ 85027. The landlord, Utopia 860 Ventures, LLC, was self-represented.
Chris Gerow, Shelby Tworek, Gabe Ortega represented the landlord, Queen Creek Fiesta, LLC & JW Duke Enterprises, LLC, in a 60-month retail lease for 1,105 SF at 44460 W. Edison Road, Maricopa, AZ 85138. The tenant, Art of Fades Barber Lounge, was self-represented.
Don Morrow and Dylan Whiter represented the tenant, Emblem Healthcare, Inc., in a 60-month office lease for 1,801 SF at 4801 S. Lakeshore Drive, Tempe, AZ 85282. The seller, Lucille Lourenco Fierreira Family Trust was represented by Kelli Jelinek with Commercial Properties.
Jeff Adams represented the tenant, Alpha Insulation & Waterproofing, in a 24-month industrial lease, for 6,313 SF at 4250 S. 38th St., Phoenix, AZ 85040. The landlord, Pegasus Airport Owner, LLC, was represented by David Bean & Cory Sposi with Commercial Properties, Inc.
Joe Pequeno and Troy Giammarco represented the tenant, SCBS, LLC, in a 40-month office lease, for 1,843 SF at 4440 N. 36th St., Phoenix, AZ 85018. The landlord, Kimco Realty, was represented by Christopher Byrd with Kimco Realty.
Don Morrow and Dylan Whitwer represented the tenant, Top Priority Messenger Services, Inc., in a 38-month office lease, for 818 SF at 2111 E. Broadway Road, Tempe, AZ 85282. The landlord, PCL Broadway, was represented by Brandon Payne with Venture REI.
Matt Harper, CCIM, and Tom Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease, for 276 SF at 12630 N. 103rd Ave., Sun City, AZ 85351. The tenant, Luna’s Multi Insurance Services, 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.
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by Peter Madrid | Jun 3, 2022 | News & Updates
Land Advisors Organization facilitated this land sale, representing the seller.
Scottsdale, Ariz. (June 3, 2022) – Asante Development Partners, a venture between Lennar Homes, Pulte Homes, and Taylor Morrison Homes, recently completed the purchase of a premier 836-acre land parcel in the city of Surprise, Arizona, for $111.7 million.
The land parcel is located within the Asante Planned Community in north Surprise and includes 752 acres of single-family residential land, (totaling +/-2,750 lots), as well as 56 acres of high-density residential land and 28 acres of commercial land. Asante, which was initially entitled in 2003, is generally located west of 163rd Avenue and north of Pat Tillman Blvd and offers convenient access to the Loop 303 and the growing northwest Valley retail and employment corridors.
Land Advisors Organization’s advisors Mike Schwab, Greg Vogel, Bret Rinehart, Ryan Semro and Ben Heglie represented the seller, HE Capital Asante LLC, based in Dallas, Texas, which has owned the property since 2009.
“The Northwest Valley is one of the most active development areas in the Valley. This acquisition provides all three builders with the opportunity to continue their delivery of high-quality housing to the north Surprise market for the next 4 to 7 years,” said Mike Schwab, principal and designated broker with Land Advisors Organization. “By joining forces, these builders will provide future residents of the community with a range of diverse new home options, further adding to the area’s attractiveness.”
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; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Atlanta, Georgia; Nashville, Tennessee; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
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by Peter Madrid | Jun 3, 2022 | News & Updates
TUCSON, ARIZ. (June 3, 2022) – The two longest-running and most respected real estate news sources in Southern Arizona – TREND report and Real Estate Daily News – will operate under one management, according to Karen Schutte, current editor/publisher of Real Estate Daily News. Schutte will also serve as editor/publisher of TREND report.
TREND report, a monthly publication provides insight into changing opportunities in the commercial real estate market through insightful articles written by industry experts. The TREND report joins the family of Real Estate Daily News, a daily online publication on real estate and the economy, and RED Comps, a comprehensive subscription-based searchable database for commercial sales comps in southern Arizona.
“Joining forces with The Real Estate Daily News and RED Comps creates a win-win for TREND report subscribers and advertisers, who will now have premier access and exposure to regional real estate trends and deal makers,” said Lucinda Smedley, founder of TREND report.
Schutte will oversee the daily operation of both news sources and Smedley will continue as a professional advisor at the TREND report.
“I have been collaborating with Lucinda and her team at TREND report long enough to recognize that trends are a CEO-level ‘problem and solution’ because suddenly, every organization needs to evaluate if they have the right products, right markets, and right services in these changing times,” Schutte said. “My role at The Real Estate Daily News and RED Comps will remain unaltered, continuing to shine a light on commercial real estate deals every day.
“I look forward to taking TREND report to its next level,” Schutte said. “No one can predict the future; however, as we emerge from a new crisis, the Roaring 20s seem to be returning with all the innovations and inventions within the chaos.”
In times of rapid change such as these, consumer trends are crucial. Trends provide the industry with clues to decipher emerging needs, shifts in opportunity, and changes in consumer behavior whether it be in real estate or consumer goods.
To learn more, contact TREND report and Real Estate Daily News at (520) 877-2656 or visit the websites www.TrendReportAZ.com and www.RealEstateDaily-News.com
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by Peter Madrid | Jun 2, 2022 | News & Updates
TUCSON, ARIZ. (June 2, 2022) – The two longest-running and most respected real estate news sources in Southern Arizona – TREND report and Real Estate Daily News – will operate under one management, according to Karen Schutte, current editor/publisher of Real Estate Daily News. Schutte will also serve as editor/publisher of TREND report.
TREND report, a monthly publication, provides insight into changing opportunities in the commercial real estate market through insightful articles written by industry experts. The TREND report joins the family of Real Estate Daily News, a daily online publication on real estate and the economy, and RED Comps, a comprehensive subscription-based searchable database for commercial sales comps in southern Arizona.
“Joining forces with The Real Estate Daily News and RED Comps creates a win-win for TREND report subscribers and advertisers, who will now have premier access and exposure to regional real estate trends and deal makers,” said Lucinda Smedley, founder of TREND report.
Schutte will oversee the daily operation of both news sources and Smedley will continue as a professional advisor at the TREND report.
“I have been collaborating with Lucinda and her team at TREND report long enough to recognize that trends are a CEO-level ‘problem and solution’ because suddenly, every organization needs to evaluate if they have the right products, right markets, and right services in these changing times,” Schutte said. “My role at The Real Estate Daily News and RED Comps will remain unaltered, continuing to shine a light on commercial real estate deals every day.
“I look forward to taking TREND report to its next level,” Schutte said. “No one can predict the future; however, as we emerge from a new crisis, the Roaring 20s seem to be returning with all the innovations and inventions within the chaos.”
In times of rapid change such as these, consumer trends are crucial. Trends provide the industry with clues to decipher emerging needs, shifts in opportunity, and changes in consumer behavior whether it be in real estate or consumer goods.
To learn more, contact TREND report and Real Estate Daily News at (520) 877-2656 or visit the websites www.TrendReportAZ.com and www.RealEstateDaily-News.com
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by Peter Madrid | Jun 2, 2022 | News & Updates
SCOTTSDALE, ARIZONA (June 2, 2022) – The record for the most expensive home sold in Arizona didn’t stand for long. Fidelity National Title Agency is pleased to announce it helped close on a $28.1 million mansion at 21264 N. 113th Place in Scottsdale.
Built by Scottsdale-based Mast Luxury Homes on 4.6 acres, the 21,150 SF residence boasts eight bedrooms, two elevators, 12 full baths, and six half baths. Scottsdale luxury realtor Darren Tackett, founder of The Tackett Team with RE/MAX Fine Properties, represented the seller in the transaction.
“There was no shortage of attention for this gorgeous property,” Tackett said. “The property was only on the market for 28 days, which is common for non-luxury listings but unheard of for a property in this price range. The demand for luxury living continues to be much higher than what is currently available so one-of-a-kind properties like these are selling quicker than ever.”
The sale surpasses the $24.1 million price tag of Wingspan within Silverleaf at DC Ranch that sold in 2020. The sale also surpasses the $21 million price tag of a mansion in the Cameldale neighborhood in Paradise Valley earlier this year.
“We are humbled to be part of this notable sale. It is such an honor to have experienced professional partners like Darren who have the confidence in our highly skilled escrow team to handle transactions of this magnitude because the coordination of all the players and attention to detail is critical. When closing escrow with Fidelity all parties have the assurance knowing our financial strength keeps their money protected,” said Diane Day, President/ County Manager of Fidelity National Title Agency.
The Scottsdale estate, Altitude at Silverleaf, was constructed in 2021 by Mast Luxury Homes. Located on the most prominent peak in the prestigious Summit at Silverleaf community and sitting on nearly 5 acres, city and desert views abound from every interior room and generous outdoor space.
The privately gated, circular driveway provides a resort-style welcome that leads to a stunning mountain backdrop, complete with an elevated, covered viewing tower to fully take in the McDowell Sonoran Preserve.
Once inside, high ceilings give way to three levels of remarkable finishes, including extensive use of imported natural stone with a special focus on marble and natural quartzite and a five-natural stone fireplace.
The Dale Gardon-designed home is a space fit for hosting the grandest of gatherings, with an open floor plan meant for mingling. The spacious, custom entryway wine bar shines as a bright and unique welcoming point into the eight ensuite bedrooms,
The 12 full and six half baths have easy elevator access between each floor. Natural light pours beautifully into the kitchen, with Subzero/Wolf appliances, including a Wolf Convection Steam Oven and 60-inch Wolf Range with two ovens, ideal for entertaining large parties year-round.
The double islands are topped with the finest Quarzo Iceberg Natural Quartzite imported from Italy and equipped with warm under-lighting to enhance
the inviting environment. Remarkable modern lighting fixtures float above the breakfast and coffee bar and serve as stylish art pieces of their own throughout this Control4 smart home.
Opulent comfort is the theme in every room and is especially found in the exercise room with its steam shower and the yoga/art room with panoramic views. The card and game room offers endless opportunities for enjoyment, with two Subzero wine columns waiting for a collection fit to age and share throughout the years.
For those seeking a retreat into their favorite films, the theater with a 4K projector and professional sound system makes going to the movies as simple as dimming the lights at home and sitting back with the family.
The primary suite is yet another stunning escape, with his and hers walk-in closets and an ensuite bathroom befitting the finest hotels in Europe. Italian-imported Calcutta gold marble
adorns the primary bath, which also includes double-sinks, a bidet, and his and hers water closets.
The office is the perfect quiet space to engage the mind, with spectacular inlaid walnut ceilings and a powder room for easy access throughout the day. In addition to providing a resplendent place for anyone to call home, this estate is also outfitted with multiple spacious and luxurious guest quarters.
The guest casita ensures true privacy, with its own full kitchen and two ensuite bedrooms. There are also separate “in-law” quarters with a full kitchen and ensuite bedroom, so the entire extended family can gather on a vacation of their own.
When it comes time to bring everyone together, there is no better space than the family room, which boasts accordion folding windows overlooking the palatial pool deck. With Scottsdale known for year-round outdoor living, this home was built with that splendid lifestyle always in mind.
Three outdoor fire pits overlook the City of Scottsdale, and even as far as the iconic Camelback Mountain in Phoenix. The two built-in grills make for the perfect opportunity to show off new and classic recipes to gatherings large and small, and everyone will surely feel pampered at the infinity-edge pool with its cool, clear waters and delicate fountain features.
This is also a collector car lover’s paradise, with the temperature-controlled 12-car garage and its own separate full bathroom offering a grand space in which to house the most precious of vehicles.
This is truly the finest of neighborhoods in the Valley. Beyond the private gates of this estate are some of the best opportunities for dining, shopping, and taking in scenic views within only a few miles. It is approximately 20 minutes from Scottsdale Airpark and just a quick drive down the Loop 101 to the art galleries and shops in Old Town Scottsdale.
The Silverleaf community includes its own astonishing amenities and is particularly well-known for its extensive biking and walking paths, and a Tom Weiskopf-designed golf course.
21264 N. 113th Place in Scottsdale.
About Fidelity National Title Agency
With a proud history of more than 165 years, Fidelity National Title Agency (NYSE-FNF) is the nation’s premier real estate service providers. FNF has $1.7 + billion in claims reserves, 32.2% market share, and is the highest-ranked title insurance company on the Fortune 500. Through its nationwide network of direct operations and agents, Fidelity National Title Agency provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals, investors and consumers. Let Fidelity demonstrate why customers nationwide rely on its experience, service and financial strength for real estate transactions across the country. For more information visit www.fntarizona.com/
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by Peter Madrid | May 31, 2022 | News & Updates
PHOENIX, ARIZ. (May 31, 2022) – The Nunez Self-Storage Group represented the seller in the $25.5 million disposition of a self-storage and RV asset in Chandler, Arizona.
NAI Horizon Executive Managing Director Denise Nunez and First Vice President Victoria Filice, CCIM, represented the seller, Vault at Riggs Road LLC, in the sale of Vault Storage and RV, 12220 E. Riggs Road in Chandler.
The buyer was a nationally branded owner/operator with several locations throughout the Metro Phoenix market.
“A great value add story for the seller who purchased the property in 2020, gave it an update and built out existing concrete pads for additional storage and covered RV,” Nunez said. “The sales price reflected current market conditions and generated multiple offers.”
The property was sold with Phase II recently completed. The entire site offers a mix of drive-up, climate-controlled, covered RV, and uncovered parking for a total of 702 units with approximately 150,260 NRSF.
The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.
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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