by Peter Madrid | Aug 8, 2022 | News & Updates
PHOENIX, ARIZ. (August 8, 2022) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, presents its September breakfast program featuring a panel discussion with industry experts on the Valley’s commercial real estate outlook.
“This discussion comes at the perfect time. The Metro Phoenix commercial real estate market is enjoying significant tailwinds despite the myriad of troubling macroeconomic issues,” said Chapter President Todd Hamilton, CCIM, SIOR, Managing Partner, Citywide Commercial. “The Central Arizona Chapter of CCIM has assembled an all-star lineup of industry experts.”
Serving as moderator for the event is Kathryn Peacock, Partner, Engineering and Science, Inc.
The commercial speaker is Gregg Kafka, CCIM, Lee & Associates; the healthcare speaker is Marina Hammersmith, CCIM, Orion Investment Real Estate; the industrial speaker is Rusty Kennedy, Managing Director, Stream Realty; and the retail speaker is Joshua Simon, Founder and CEO, SimonCRE.
The event is on September 7, from 7:30 a.m. to 9 a.m. at the Esplanade E-Center, located at 2501 E. Camelback Road, Suite 50, in Phoenix. Check-in and breakfast are from 7:15 a.m. to 7:45 a.m. The program is from 8 a.m. to 9 a.m.
The registration fee is $40 for Chapter members; $55 for non-members. A breakfast buffet will be served. Register here.
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by Peter Madrid | Aug 5, 2022 | News & Updates
Land Advisors Organization’s Healthcare Strategy Team represents Valleywise Health as part of an integrated project management solution for real estate site selection and other services.
Scottsdale, Ariz. (August 5, 2022) –Land Advisors Organization’s Healthcare Strategy Team represented Valleywise Health in the $1.8 million disposition of a 15,750 square-foot medical office building that once housed the Maryvale Community Health Center. The team has represented Valleywise Health since 2017 as a part of an integrated project management solution for real estate site selection and other services.
The 2.43-acre property, purchased by a local non-profit organization, is located at 4011 N. 51st Ave., in Phoenix. Built in 1991, the former Valleywise Community Health Center – Maryvale features individual clinical spaces and a community training room. It includes 158 parking spaces (10/1000).
“The expertise that the healthcare team at Land Advisors Organization brings to our deals is unparalleled and has helped us considerably with the implementation of our strategy,” said Warren Whittney, senior vice president with Valleywise Health. “Having access to market insights and the data they provide allows Valleywise Health to confidently plan and execute our site selection and growth strategy, ensuring that we are strategically located in the communities we serve.”
Land Advisors Organization’s Healthcare Strategy Team, comprised of industry veterans Michael Brinkley, Michele Pino and Laurie Sandau, represented Valleywise Health also known as the Maricopa County Special Health Care District (Stephen Purves Principal). The buyer was represented by Kevin Helland with Avison Young.
“The team has located seven sites for new Valleywise community health centers, as well as handling the disposition of their excess real estate,” Pino said. “We also represented Valleywise in the acquisition of the Maryvale Hospital, which was converted to a behavioral health hospital. This transaction is the fourth sale of an excess Valleywise clinic building site.”
The Healthcare Strategy Team focuses on advising and guiding the healthcare industry in Arizona through every stage of its real estate decisions. The team offers advisory services to healthcare users, developers, municipalities and investors to best ensure that growth plans are timely and geographically strategic. Services include front-end consulting strategies that analyze and report on healthcare infrastructure needs, site selection and development opportunities, full-spectrum leasing services, and sales.
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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by Peter Madrid | Aug 4, 2022 | News & Updates
PHOENIX, ARIZONA (August 4, 2022) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, resumes its monthly lunch events with a look at office trends around the Valley.
“Coming out of COVID, no one was really sure what the status of the Metro Phoenix office sector would be,” said event moderator, Sam Pinkal, Vice President of Business Development for the Greater Phoenix Economic Council (GPEC). “As it turns out, workers are returning to their offices and the market sector is heating up again. When I go out for lunch downtown during the week, it’s hard to get a seat because the restaurants are so full. There is a new normal, and we’re thrilled that our panel will let us know what’s going on in the office market as it relates to new office design and construction and vacancy rates.”
Panelists include Jim Bulsiewicz, Director, Hines; Charlie von Arentschildt, Vice President, CBRE; and Alexandra Ayres, Senior Associate/Project Design Manager, Corgan.
The event is on August 23 from 11:30 a.m. to 1 p.m. at the E-Center Esplanade, 2501 E. Camelback Road, Phoenix.
Registration fee is $25 for members; $45 for non-members. This is an in-person event. Please review the COVID waiver and agree to it when registering.
Register here.
About AZCREW:
AZCREW is the local affiliate of CREW Network. CREW Network is at the forefront of achieving gender equity and greater diversity in commercial real estate. We will achieve this by transforming the industry by advancing women globally. Our membership offers unparalleled business development, leadership opportunities and networking both locally in your market and globally across our 12,000-member base. For more information visit arizonacrew.org.
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by Peter Madrid | Aug 2, 2022 | News & Updates
PHOENIX, ARIZONA (August 2, 2022) – Four office sales in the Valley and a land sale in Casa Grande, Arizona, highlight recent deals closed by NAI Horizon professionals. The five deals totaled $8.6 million.
Sale Transactions:
Michel Myrick, CCIM, MRED negotiated the sale of a 20,832 SF office building, representing the buyer, L & P Hope Properties, LLC, for $2.975 million. The property is located at 1801 S. Extension, Mesa, AZ 85210. The seller, NSHE Dana Point, LLC, was represented by Jaime Swirtz with CBRE.
John Filli negotiated the sale of 211.512 acres representing the seller, Talon Mountain, LLC, for $2.538 million. The property is located at SEC of Montgomery Road and Selma Highway, Casa Grande, AZ. The buyer, Magnum Estates, LLC, was represented by Kavitha Pindi with DHS Realty Texas.
Laurel Lewis and Kevin Higgins negotiated the sale of a 10,944 SF office building, representing the buyer, Midtown Business Solutions, LLC, for $1.2 million. The property is located at 3636 N. 3rd Ave., Phoenix, AZ. The seller, Vowmann Holdings, LLC, was represented by Harry Carbeck & Brett Angner with Everyday Investments Realty.
Troy Giammarco and Joe Pequeno negotiated the sale of a 5,854 SF office building, representing the seller, Pisa Properties Sixteenth, LLC, for $1.17million. The property is located at 8765 W. Kelton Lane Building C2, Phoenix, AZ. The buyer, CS Real Estate Holdings, LLC, was represented by Dave Aronson with Realty EXP.
Laurel Lewis negotiated the sale of a 3,757 SF office building representing the buyer, Always This Good Holdings, Inc., for $735,000. The property is located at 715 E. Sierra Vista Drive, Phoenix, AZ. The seller, Shearim Torah High School, Inc., was represented by Danny Kahn with E & G Real Estate.
Lease Transactions:
Laurel Lewis represented the tenant, DOWL, LLC, in a 66-month office lease for 3,877 SF at 4686 E. Van Buren, Phoenix, AZ. The landlord, TPP-GCI East Gateway JV, LLC, was represented by Pat Boyle with Cushman.
Kevin Higgins represented the tenant, Gemelli Biotech Corp., in a 61-month office lease for 5,919 SF at 2450 W. Broadway Road, Mesa, AZ. The landlord, BKM Broadwood 251, LLC, was represented by Golden St. John with Vantage Commercial Real Estate.
Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC, in a 60-month office lease for 2,134 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, Fard Health Services, was represented by Jeff Smith with Commercial West Real Estate Advisors.
Dylan Whitwer and Don Morrow represented the tenant, A to ZZZ Environmental Inc., in a 36.5-month industrial lease for 5,729 SF at 3330 W. Flower St., Phoenix, AZ. The landlord, J2 Flower, LLC, was represented by Rod Crotty with Cutler Commercial.
Michael Myrick, CCIM, MRED, Don Morrow and Dylan Whitwer represented both the landlord, 600 E. Baseline, LLC, and the tenant, Mya Kai Creative, LLC, in a 48-month office lease for 1,780 SF at 600 E. Baseline Road, Tempe, AZ.
Dylan Whitwer and Don Morrow represented the tenant, AB Stable 1X, LLC, in a 12- month industrial lease for 6,476 SF at 15836 N. 77th St., Phoenix, AZ. The landlord, Aidant Fire Protection Co., was represented by Zak Kottler with LevRose CRE.
Dylan Whitwer and Don Morrow represented the tenant, RCS Management Corporation, in a 36-month office lease for 2,000 SF at 12213 W. Bell Road, Surprise, AZ. The landlord, Triworth Company, LLC, was represented by Mac Graham with Triworth Company.
Matt Harper, CCIM, represented the landlord, HBR Properties, LLC, in a 63-month retail lease for 792 SF at 3825 N. 75th Ave., Phoenix, AZ. The tenant, OT’s Barber School and Supplies, LLC, was represented by Marcos Medrano with Sun Valley Edge Realty.
Thomas A. Smith represented the tenant, Providence Orthodox Presbyterian Church of Scottsdale, in a 27-month sub-lease for 9,429 SF at 7575 E. Redfield, Scottsdale, AZ. The landlord, Desert Valley Church of Scottsdale, was represented by Suzanne Enright & John Quantrini with Shell Commercial.
Jeff Adams represented the landlord, 1545 McQueen, LLC, in a 36.5-month industrial lease for 2,200 SF at 1545 N. McQueen Road, Gilbert, AZ. The tenant, Phillips Trucking, was self-represented.
Kevin Higgins represented the landlord, Bogle Family Realty, in a 38.5-month office lease for 878 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Sun Tree Healing Arts, was self-represented.
Joan Krueger represented the tenant, Upfront Planning & Entitlements, in a 24-month office lease for 748 SF at 1811 S. Alma School Road, Phoenix, AZ. The landlord, Camroad Properties, LLC, was self-represented.
Jeff Adams represented the tenant, Sunset Spas of Arizona, LLC, in a 4-month industrial lease for 8,185 SF at 1522 W. Todd Drive, Tempe, AZ. The landlord, REB, Ltd., was self-represented.
Don Morrow and Dylan Whitwer represented the tenant Starmerx International, in a 12-month office lease for 992 SF at 40 W. Baseline Road, Tempe, AZ. The landlord, Kappe Villa Sierra El Paso LP, was represented by Jaime Swirtz with CBRE.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Sun City Professional Building, in a 12-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Truly Connected Contractors, 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 | Aug 1, 2022 | News & Updates
Land Advisors Organization represents buyer, which plans to build ±354 single-family build-for-rent homes.
Scottsdale, Ariz. (August 1, 2022) – The Empire Group of Companies recently closed on 40 acres near the Taiwan Semiconductor Manufacturing Company (TSMC) north of the Valley where it plans to build ± 354single-family homes for rent. The proposed development will be named the Village at Bronco Trail.
The Land Advisors Organization team of Bret Rinehart, Ryan Semro, and Ben Heglie represented the Empire Group (Principal Richard Felker) in the $14.37 million acquisition of the property at 31st Avenue and Lone Mountain Road in Phoenix. The seller was the David McHenry Family Trust (Principal David McHenry).
The sales price fetched $359,370 per acre.
“The unprecedented growth of development projects in proximity to the Loop 303 and I-17 is going to foster the need for residential housing,” Rinehart said. “The Empire Group’s proposed multifamily community will be a boon to that area. Empire Group has a great track record of serving the communities that it develops.”
Construction on TSMC’s latest semiconductor fabrication facility is well underway. TSMC’s Arizona plant – Fab21 – occupies at least 1,100 acres and will produce tens of thousands of semiconductor wafers once it is operational. According to a City of Phoenix analysis, the first phase of TSMC is estimated to have an economic impact of $38.2 billion over 20 years.
The Empire Group is active in rolling out its Village communities, which are all build-for-rent (BFR) developments. Currently, Empire Group has six projects are under construction totaling1,337 homes with another five communities that are targeted to start construction before the end of 2022.
The Village at Bronco Trail
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.
About The Empire Group Companies
The Empire Group Companies, headquartered in Scottsdale, Ariz., was founded by Richard Felker in the early 1970s. Under Felker’s direction the company built its reputation as a leading developer of Class A mixed-use projects and luxury build-for-rent communities throughout Arizona. For more information on the company and its portfolio of projects visit builtbyempire.com.
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by Peter Madrid | Jul 25, 2022 | News & Updates
TUCSON, Ariz. (July 25, 2022) – The Terracon Foundation is pleased to announce it has awarded a $50,000 endowment grant to the University of Arizona College of Engineering.
The endowment will be used to fund an annual scholarship entitled the Terracon Foundation Geotechnical Engineering Graduate Scholarship.
Since 2017, UArizona has been awarded $81,000 in Terracon Foundation University grants, including the endowment. Previously, the Terracon Foundation awarded $11,000 to the Mel and Enid Zuckerman College of Public Health and $20,000 to UArizona.
“I am very proud of the collective effort the Terracon Tucson team has put in to strengthen our relationship with the University of Arizona and thankful to both Dr. Johanne Ives and Dr. Dominic Bocelli at the College of Engineering for doing the heavy lifting on submitting a winning grant application,” said Derek D. Koller, CIH, CHMM, Office Manager/Principal in Terracon’s Tucson office, who championed the grant.
“We have a lot of success winning grants out of the Tucson office, but this one is really special. This is the first year the Terracon Foundation has awarded endowments as part of a new initiative. The fact that we were able to bring the first $50,000 endowment home to the University of Arizona and my alma mater, feels amazing. Go Cats and Bear Down,” Koller said.
The Terracon Foundation has granted more than $3.5 million to community organizations, universities, dependents of employees, and for disaster relief efforts. For more information about the Terracon Foundation and other organizations it has supported, visit terracon.com/foundation.
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About Terracon
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. Our 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 consistently ranks as a Top 25 design firm by Engineering News-Record. Start to explore with us by visiting terracon.com.
by Peter Madrid | Jul 22, 2022 | News & Updates
KPPC Advance Chemicals is the sixth semiconductor supplier to land in Casa Grande and the fifth that Land Advisors Organization has helped to locate.
Scottsdale, Ariz. (July 22, 2022) – Land Advisors Organization is pleased to announce it recently closed on two deals totaling 50 acres, representing two separate sellers at the SEC of Highway 84 and Burris Road in Casa Grande, Arizona. The buyer of both parcels, KPPC Advanced Chemicals Inc. (KANTO-PPC), is a chemical supplier to the Taiwan Semiconductor Manufacturing Company (TSMC), which has a multi-billion-dollar project under construction near Interstate 17 and Loop 303 north of the Valley.
Land Advisors Organization’s advisors Kirk P. McCarville, CCIM, and Pinal County Specialist Trey Davis represented the seller, San Carlos 198 LLC (Charles Lawrence Principal) in the $1.783 million sale of 26.22 acres. McCarville and Davis also represented The Kendler Family Trust (Edward Kendler Principal) in the $1.912 million sale of 24 acres of agricultural raw land.
The 26-acre sale fetched $68,000 per acre; the 24-acre deal fetched $79,700 per acre.
“KANTO chose Casa Grande because of the competitive land price, efficient rail infrastructure, housing affordability for employees, and the high-quality schools in the area,” said McCarville, who added KANTO-PPC is the sixth semiconductor supplier to land in Casa Grande and the fifth that he and McCarville have helped to locate.
KANTO-PPC provides high purity electronic chemicals required in the processes of semiconductor and optoelectronics industries. It collaborates with KANTO Chemical Japan to build manufacturing plants with state-of-the-art clean rooms as well as research and development equipment in Taiwan. As the precision requirement of semiconductor processes has become more vigorous, KANTO upgrades the product quality and also develops the products of next generation to enhance the international competitiveness of the semiconductor and optoelectronics industries.
The two parcels are located near the Pinal County Tech Park, a two-phase, ±1,064-acre, rail-served industrial park. With its proximity to the TSMC semiconductor factory and Intel expansion plus Lucid Motors and Nikola, the Pinal County Tech Park has received tremendous interest from companies in the semiconductor supply chain and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers.
McCarville and Davis have represented the Pinal County Tech Park, Central Arizona Commerce Park and the Barnes Farm Industrial Area recently in four other major industrial transactions. These deals include Kohler’s 206-acre greenfield plumbing products manufacturing facility, ancillary warehouse and office space site; the 84-acre CCCP manufacturing and distribution facility site; the 27-acre site for LCY Electronic Materials 80,000 square-foot manufacturing facility; and the 20-acre Jing He Sciences manufacturing facility parcel. Michele Pino, an advisor with Land Advisors Organization, represented the buyers in the CCCP, LCY Electronic Materials and Jing He Sciences 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 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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by Peter Madrid | Jul 21, 2022 | News & Updates
Integrated platform provides digital solutions to community developers and homebuilders that simplifies the development process, streamlines operations, and enhances homebuyer’s purchasing experience.
Scottsdale, Ariz. (July 21, 2022) – Arizona-based Land Advisors Organization announces its investment and new partnership with Cecilian Partners, a Pennsylvania-based real estate property technology company. The customer-focused real estate platform, which streamlines the cumbersome operational aspects of community development, integrates community and buyer data, and simplifies the new home buying experience.
Through the new partnership, Land Advisors Organization is adding a new layer of PropTech capabilities to its repertoire, extending its services beyond land analysis and sales into land development, lot management, and enhancing the homebuyer’s sales experience with builders.
Cecilian Partners, an early-stage PropTech firm, has modernized the land development and customer experience through their patented platform, which simplifies data, digital marketing, and operations by centralizing the entire planning, development and buying experience. The specialized technology assists builders and developers with real-time lot and inventory management utilizing an anti-repetition algorithm.
“Land Advisors Organization’s roots are deeply entrenched in data analysis and digital technology focused on land and its value or potential, and we’re always looking for technological advancements that improve our industry,” said Greg Vogel, founder and CEO of Land Advisors Organization. “Embarking on this partnership with Cecilian Partners allows our firm to broaden our capabilities and enter into a new category of services for the real estate development sector. This technology platform automates and replaces the laborious processes that have burdened community developers and homebuilders for decades, maybe even centuries, by digitizing the entire system.”
The patented platform is designed to benefit community developers, their investors and homebuilders, and ultimately provide a superior buying experience for new home buyers. The platform provides:
- Digitized land banking with real-time lot organization and management, including the automation of the architectural review and sales processes using a cloud-based lot management solution that eliminates spreadsheets and provides community lot updates and current property information in real-time, ranging from lot design options to price and construction schedule;
- Boosted productivity through an efficient operations management system that streamlines communications between property developers, builders, and home buyers with connectivity and transparency within a master-planned community;
- The platform’s interactive 3D mapping technology enables builders and developers to showcase their homes and community before being built through its graphic street-view design, which allows buyers to explore and virtually experience the community;
- Business intelligence reporting, including tracking of community performance for investors;
- Sales process management, including customer lead management, traffic tracking, lot and home cost calculation with real-time pricing, sales contracts and buyer data.
“The digital transformation of the real estate industry has seen significant gains in development and investment in recent years,” said John Cecilian, co-founder of Cecilian Partners. “We are thrilled to be joining with Land Advisors Organization in this partnership. With their national footprint and established relationships with the most prominent master-planned community developers and home builders around the country, we anticipate being able to transform the industry while bringing enormous value to our customers.
“We’ve seen our platform reduce the planning and approval process from four weeks to three days – not to mention the benefit of highly-qualified leads that come through the sales tool, it’s an incredibly powerful tool for anyone seeking efficiency and a better customer experience,” Cecilian said.
This agreement with Cecilian Partners marks the newest PropTech investment by Land Advisors Organization.
PropTech innovation and investment began to emerge in the early 2000s with a focus on residential listings, such as Zillow. Over the past two decades it has grown significantly as innovations are developed that assist with the research, buying, selling and management of real estate while reducing the amount of paperwork and making transactions quicker, more efficient, and more secure.
According to the Center for Real Estate Technology & Innovation, more than $32 billion was invested in PropTech companies in 2021 and the investment bank Keefe, Bruyette & Woods reported that a record $4 billion of VC equity funding was invested into the PropTech sector in the first quarter of 2022.
Cecilian Partners anticipates that it will begin its Series A fundraising in late 2022 or early 2023.
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.
About Cecilian Partners
Cecilian Partners is a PropTech company based in New Hope, Pennsylvania built around the customer experience for community developers. Since 2019 the company has been bridging the digital divide between homebuilders, community developers and home buyers with its real estate property technology platform. By placing significant value on people over product, Cecilian Partners is enhancing the customer experience through digital solutions that transform the home buying journey for new home buyers, while also solving access and communication challenges faced by developers and builders. Cecilian Partners collaborates with a vast stable of local, regional, and nationwide builders and developers who aspire to modernize their digital footprint and ease everyday pain points associated with community development. For more information about digital solutions for community developers and homebuilders, visit cecilianpartners.com.
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by Peter Madrid | Jul 20, 2022 | News & Updates
SCOTTSDALE, Ariz. (July 20, 2022) – LevRose CRE/TCN Worldwide brokers facilitated deals in 2Q 2022 totaling $87.5 million and ±780, 833 SF. Retail and office assets dominated the transactions. Highlights from 2Q 2022:
Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the tenant, Neon Logistics LLC., in the leasing of a 29,015 SF office building at 6900 E. Camelback Road, Scottsdale. Neon Logistics will occupy the seventh and 11th floors. The landlord is WCCP 6900 Camelback LLC.
Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the seller, Bradley Investments LLC., in the $6 million sale of a 16,600 SF office building at 13847 N. Northsight Blvd., Scottsdale. The buyer was Salt Castle Trust.
Partners Danielle Davis and Trent McCullough; Vice President Mark Cassell; and Advisors Branden Mondragon and Matt Beeks represented the seller, Scottsdale Drinkwater Trust, in the $5.3 million sale of a 6,582 SF retail building at 4250 N. Drinkwater Blvd., Scottsdale. The buyer was Drinkwater Commercial Investments LLC.
Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented the landlord, Hudye Group, in the $4.9 million sale of an 11,160 SF retail building at 4333 N. Scottsdale Road, Scottsdale. The buyer was Galleria Triangle LLC.
Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented both the seller, Fassco Investments LLC, and the buyer, Chestnut Realty Group LLC., in the $4.5 million sale of a 17,500 SF retail building at 6961 E. 1st St., Scottsdale.
13847 N. Northsight Blvd.
About LevRose
LevRose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, LevRose has been helping clients with every aspect of leasing, buying, selling, and managing commercial properties. With some of the top professionals in the industry, LevRose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties. Learn more at levrose.com.
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by Peter Madrid | Jul 20, 2022 | News & Updates
PHOENIX, ARIZONA (July 20, 2022) – NAI Horizon represented the buyer in the acquisition of an original adobe building in a rare infill location in North Central Phoenix that will be repurposed into a training center and outdoor space.
NAI Horizon Managing Director Laurel Lewis represented Always This Good Holdings, Inc., in the $735,000 purchase of the 3,757 SF building at 715 E. Sierra Vista Drive, in Phoenix.
Always This Good Holdings purchased and closed on the property on June 30. The oldest aerial photograph shows the original adobe block structure nestled among the orange orchards in the North Central Phoenix corridor.
The building, a former Jewish girls’ school, had recently undergone some additions. After the planned renovations, the property will include more than 4,000 SF of modern offices, a training center, a full kitchen, and outdoor event space. It will also offer a private suite available for lease.
“North Central Phoenix with its ideal location and mix of architecture and style is the happening place to be,” Lewis said. “The original adobe block structure will be incorporated into the repurposed building, lending to a stunning transformation.”
This fall the new space will be home to Catalyst Retreat Center for women entrepreneurs and Desert Dimensions Properties, a residential real estate brokerage firm.
The seller, Shearim Torah High School, Inc., was represented by Danny Kahn with E&G Real Estate.
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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