by Peter Madrid | Mar 28, 2022 | News & Updates
PHOENIX, ARIZ. (March 28, 2022) – The sales of industrial buildings in Phoenix and Gilbert and the disposition of 3.5 acres in Mesa highlight deals recently closed by NAI Horizon professionals. The three sales total $3.4 million.
Sale Transactions:
Mark Wilcke and Larson Wilcke negotiated the sale of 8,186 SF industrial building, representing the seller, Hauger Family Revocable Trust dated March 19, 2014, for $1.6 million. The property is located at 728 N. Monterey St., Gilbert, AZ. The buyer, Sundance Partners, LLC, was represented by David Young with NEXUS Commercial Real Estate.
Laurel Lewis and Rick Foss negotiated the sale of an 8,800 SF industrial building, representing the seller, Aldante 1, LLC, for $1.2 million. The property is located at 2901 W. Clarendon, Phoenix, AZ. The buyer, Mora REI LLC, was represented by KC Smith with Gentry Real Estate.
Joan Krueger negotiated the sale of 3.5 acres representing the seller, Lead Charter Schools, for $615,000. The property is located at NWC Crismon Road and Adobe Road, Mesa, AZ. The buyer, Nexstar Homes was represented by Will French with Cushman & Wakefield.
Lease Transactions:
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Queen Creek Fiesta, LLC, and JW Duke Enterprises, LLC, in a 120-month retail lease for 12,500 SF at 44460 W. Edison Road, Maricopa, AZ. The tenant, Petco Animal Supplies Stores, Inc., was represented by Mark Holinger with Frontera Development, Inc.
Thomas Bean, CCIM, and Matt Harper, CCIM, represented the tenant, Tracey S. Thomas, in a 39-month industrial lease for 13,330 SF at 7030 W. Oakland St., Chandler, AZ. The landlord, 7030 W. Oakland, LLC, was represented by Kyle Seeger with JLL.
Laurel Lewis represented the tenant, Zelus USA, LLC, in a 60-month office lease for 2,704 SF at 18700 N. Hayden Road, Scottsdale, AZ. The landlord, 18700 Hayden Road, LLC, was represented by Spencer Nast with Lee & Associates.
Matt Harper, CCIM, represented the landlord, K.C. Investments Desert Retail, LLC, in a 62-month retail lease for 1,410 SF at 777 E Thunderbird Road, Phoenix, AZ. The tenant, LNINOO, LLC, was represented by Jennifer Eggert with Orion Investment Real Estate.
Dylan Whitwer and Don Morrow represented the tenant, Fantastic Fire Department, LLC, in a 36-month office lease for 4,996 SF at 3338 W. Thomas Road, Phoenix, AZ. The landlord, Pegasus West Valley South Owner, LLC, was represented by Adam Shteir with Citywide Commercial.
Matt Harper, CCIM, represented the landlord, ECC Holdings, in a 63-month retail lease for 1,707 SF at 9021 W. Camelback Road. The tenant, Imperio Gold AZ, LLC, was self-represented.
Jennifer Loehnert represented the tenant, Environmental Upcycling LLC, in a 37- month industrial lease for 3,000 SF at 2270 Airport Blvd., Chandler, AZ. The landlord, Bird Acquisition LLC, was represented by Janel Wangsness with Keyser.
Dylan Whitwer and Don Morrow represented the tenant, Kleinman, Lesselyong, Beltz and Kelinman, in a 24-month office lease for 3,215 SF at 1641 E. Osborn Road, Phoenix, AZ. The landlord, Jay Josephs, was represented by Nate Goldfarb with LevRose CRE.
Dylan Whitwer and Don Morrow represented the tenant, Devine Care Family Services, in a 38-month office lease for 1,785 SF at 5501 N. 19th Ave. The landlord, Parkwood Professional Plaza, was represented by Emily Curry with Colliers.
Matt Harper, CCIM, represented the landlord, 43rd Avenue LLC, in a 37-month retail lease for 1,531 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Matthew Uribe was self-represented.
Matt Harper, CCIM, represented the tenant, Ultimate Pro Refrigeration, LLC, in a 37- month industrial lease for 1,273 SF at 1815 W. First Ave., Mesa, AZ. The landlord, Tri-City Commerce Center, LLC, was represented by Kelli Jelinek with CPI.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Dove Valley, LLC, in a 24-month retail lease for 1,308 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, Penchetta, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, Yee Legacy II, LLC, in a 36-month retail lease for 813 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, Alisha Gilliam Photography, 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 | Mar 28, 2022 | News & Updates
PHOENIX, ARIZONA (March 28, 2022) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, is accepting golfers for its Spring Swing Par 3 Scramble benefiting Dress for Success Phoenix.
The Spring Swing Par 3 Scramble is scheduled for April 21 at McCormick Ranch Golf Club, 7505 E. McCormick Parkway in Scottsdale.
The Spring Swing Par 3 Scramble kicks off at 11:30 a.m. with registration. The 4-person scramble begins at 1 p.m. followed by a 19th hole reception at 5:30 p.m.
Dress for Success Phoenix is a non-profit organization that empowers women to achieve economic dependence by providing a network of support, professional attire, and the development tools to help them thrive in work and in life. Since opening its doors in 2009, the organization has assisted more than 18,000 women throughout Metro Phoenix.
Dress for Success Phoenix designs and delivers programs to help women overcome challenges for every phase of their personal or professional journey, whether they are a job seeker, an employed professional, or someone ready to be a leader in their community.
The format is as follows:
- 4-person scramble;
- Every hole is set up as a Par 3;
- 18 opportunities for a hole in one;
- Chance to win a prize on every hole;
- Multiple closest-to-the-pin prizes;
- Awards for the top 3 teams.
“We’re honored to support Dress for Success, whose goal is to empower women to achieve economic independence. AZCREW Spring Swing is a golf tournament different than any other. If golf isn’t your game, get in the ‘swing’ of things, by joining us on the 19th hole, for fun and networking. Spots are limited, and we expect a sellout,” said AZCREW and Golf Committee member Laura Davis.
The registration fee is $315 per individual golf entry or $1,250 per foursome golf entry. Monetary donations will also be accepted for Dress for Success Phoenix. Register here.
About AZCREW:
AZCREW is 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 | Mar 23, 2022 | News & Updates
NASHVILLE, Tenn. (March 23, 2022) – Land Advisors Organization, which recently opened its Nashville office, announces that Ashley Bishop has joined the firm. Bishop is a site selection and land expert with more than 20 years of experience in the Nashville real estate market. He is known for his insightful market analysis, evaluating the market, site, location, competition, population changes, politics, and legal landscapes that impact the value and potential of a parcel for development.
Bishop has facilitated sales with many of Nashville’s most recognized institutionally capitalized developers of multifamily, single-family, industrial, and commercial projects in Middle Tennessee. He brings expertise in site selection, land assemblage and entitlements to Land Advisors Organization’s Nashville team having facilitated more than $300M in real estate transactions over his career, comprised of over 7,000 acres of residential and commercial land.
“Ashley is the most connected land broker in the Greater Nashville MSA,” said Eric Deems, advisor and principal broker with Land Advisors Organization’s Nashville office. “I’ve had the opportunity to work with him over the years and have greatly appreciated his relationships and market knowledge – he offers invaluable insight into the inner workings of local governments and the development landscape of middle Tennessee, which will greatly benefit our clients. It’s a big win for Land Advisors to have him on board as things take off for our new office here in Nashville.”
Land Advisors Organization’s Nashville office provides advisory services to landowners, home builders, developers, and investors. In addition, the firm’s expansive data-driven market analytics are now available for the middle Tennessee and surrounding markets to assist in strategic land planning decisions for both landowners and buyers.
“We’re poised for exciting growth in the coming years and helping to shape this growth by connecting those in the market with more national players is a thrilling prospect for me. Land Advisors Organization’s national network will help me achieve what I’d like to see for this market and serve the landowners we represent very well.”
Prior to joining Land Advisors Organization, Bishop was the principal broker for his site selection firm. Land Advisors Organization’s Nashville office is located at 3102 West End Avenue, Suite 400, Nashville, TN 37203.
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 | Mar 22, 2022 | News & Updates
PHOENIX, ARIZONA (March 22, 2022) – NAI Horizon represented the tenant, an insulation and window blinds contractor, in a long-term lease at Willis AZ Avenue Corporate Park in Chandler, Arizona.
NAI Horizon Executive Vice President Jeff Adams represented Big City Insulation, Inc., a Utah Corporation and subsidiary of Installed Building Products (IBP), in the $1.2 million lease for 22,853 SF at 221 E. Willis Road in Chandler.
Big City Insulation provides insulation and window blinds for commercial and residential clients. The new space features a highly desirable end cap with plenty of parking and loading space.
The industrial building was constructed in 2015 and totals 75,217 SF.
“This is my fifth transaction with this large national client, which is ultra-responsive and fantastic to work with,” Adams said. “They initially came to me through a terrific NAI network relationship I have in Ohio. This space allowed this subsidiary to efficiently grow but maximize all available area.
“This southeast-facing project endcap is secure and also affords my client the advantage to store multiple clean vehicles. The interior is efficient and laid out for them to put both local businesses side-by-side within the same space and still get proper separation and monitoring,” Adams said.
Matt Gregory of Ohio Equities LLC Realtors of NAI Global was the original referral source. The landlord is Phoenix Willis Investors LLC of Lincoln Property Company of Tempe, Arizona.
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 | Mar 17, 2022 | News & Updates
SCOTTSDALE, ARIZONA (March 17, 2022) – LevRose CRE/TCN Worldwide kicked off the year with multiple sales and over 40 leases totaling almost 100,000 SF. The transactions closed by LevRose CRE professionals include land and office properties.
Recent deals from January to February:
Land: Vice President Anna Sepic facilitated the land sale of 18700 W. Grand Ave., in Phoenix The 53 acres was sold by Grand 53, LLC and purchased by FAEC PBO Deer Valley & 185th Avenue, LLC.
Land: Partner Aaron Norwood represented the seller of 1911 E. Apache Blvd. in Tempe, Arizona. The 30,056 SF development opportunity was sold by AES Property Development, LLC, to JMA Recovery Enterprises, LLC.
Land: Partners Danielle Davis and Trent McCullough represented the buyer in the sale of 6926 and 6930 E. 2nd St. in Scottsdale. The property was sold by Acratac Investments, LLC to Soleil Improvement Co., LLC for $1.655 million.
Office: Partners Danielle Davis, Trent McCullough, Keri Davies, and Jason Reddington represented both the landlord, Cramer Family Trust and the tenant, EAZ Phoenix LLC on the lease of 6939 E. 1st St., Scottsdale.
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. Associated with some of the top professionals in the industry, LevRose holds itself to a high level of accountability when it comes to serving its clients. Commercial property management is handled through their affiliate firm, MODE Real Estate Management Services. MODE has its own unique and professional approach to the management of office, retail and medical properties.
by Peter Madrid | Mar 14, 2022 | News & Updates
PHOENIX, ARIZ. (March 14, 2022) – A land sale in Mesa and the disposition of an office/retail/parking lot asset in Buckeye highlight deals recently closed by NAI Horizon professionals. The two sales total $1.625 million.
Sale Transactions:
Joan Krueger negotiated the sale of 3.7 acres of land representing the seller, Silverado Development Inc., for $1.2 million. The property is located at Loop 202 & Broadway, Mesa, AZ. The buyer, 5228 Blackstone, LLC, was represented by Donna Walkosz with eXp Realty.
Christopher Lewis negotiated the sale of a 3,102 SF retail/office asset representing the seller, Choices in Community Housing, Inc., for $425,000. The property is located at 303 & 307 N. 4th St., Buckeye, AZ., and includes a parking lot. The buyer, CRS Residential Inc., was represented by Doreen Coutelin with SJ Fowler.
Lease Transactions:
Matt Harper, CCIM, represented the landlord, AJL Properties, LLC, in a 66-month retail lease for 3,220 SF at 1619 N. Dysart Road, Avondale, AZ. The tenant, Affordable Care, LLC, was represented by Ryan Tanner with JLL.
Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc., in a 36-month office lease for 8,825 SF at 1255 W. Baseline Road, Mesa, AZ. The landlord, 1255 Baseline, LLC, was self-represented.
Matt Harper, CCIM, represented the landlord, Cameron 2, LLC & Turney-Encanto Apartments, LP, in a 60-month retail lease for 2,450 SF at 2501 E. Indian School Road, Phoenix, AZ. The tenant, Zong Trading Group, Inc., was self-represented.
Mike Myrick represented the landlord, Lalani Family Trust, in a 65-month medical lease for 2,268 SF at 9500 E. Ironwood Square Drive, Scottsdale, AZ. The tenant, EBS Enterprises, LLC, was represented by Jeff Shehan with Site Selection Group.
Matt Harper, CCIM, represented the landlord, Acquin Properties, L.P. and FLA Investments, LLC, in an 84-month retail lease for 1,380 SF at 4312 W. Cactus Road, Phoenix, AZ. The tenant, Los Tacos Malcriados, LLC, was represented by Jaime Hernandez with Global Fund Real Estate Group.
Matt Harper, CCIM, represented the landlord, Glenn & Sandra Miller Trust, in a 60- month retail lease for 3,000 SF at 3061 W. Apache Trail, Apache Junction, AZ. The tenant, Cell Shop Inc., was represented by Ryan Tanner with JLL.
Matt Harper, CCIM, represented the landlord, Chahoud Family Trust, in a 36-month retail lease for 1,353 SF at 2829 E. University Drive, Mesa, AZ. The tenant, Norman Sharak, was self-represented.
Tom Bean, CCIM, and Laurel Lewis represented the landlord, State Bar of Arizona, in a 24-month office lease for 1,073 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, The Ramos Injury Firm, was represented by Tanner Digby with Digby Commercial Advisors.
Matt Harper, CCIM, represented the landlord, Yee Legacy II, LLC., in a 36-month retail lease for 813 SF at 18914 E. San Tan Blvd., Queen Creek, AZ. The tenant, Alisha Gilliam Photography, LLC, was self-represented.
Tom Bean, CCIM, and Matt Harper, CCIM, represented the landlord, Fiesta Crossing, LLC, in a 39-month select lease for 630 SF at 1660 S. Alma School Road, Mesa, AZ. The tenant, Dennis Cammack, was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC, in a 25-month office lease for 888 SF at 4711 E. Falcon Drive, Mesa, AZ. The tenant, Modern Receptionist was self-represented.
Jeff Adams represented the tenant, Air Zip Enterprises, LLC, in a 12.5-month industrial lease for 2,160 SF at 6900 S. Priest Drive, Tempe, AZ. The landlord, Pegasus Tempe Owner, LLC, was represented by David Bean and Leroy Breinholt with Commercial Properties Inc.
John Filli and Jennifer Loehnert represented the tenant, Kinetetsu World Express (USA) Inc., in a 36-month office lease at 3133 W. Frye Road, Chandler, AZ. The landlord, Cowork Chandler, LLC, was represented by Philip Cohen with Workuity.
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 | Mar 14, 2022 | News & Updates
Land Advisors Organization facilitated the multi-million transaction, representing the seller at the 1,064-acre Pinal County Tech Park.
Scottsdale, Ariz. (March 14, 2022) – Land Advisors Organization is pleased to announce it recently closed on 206 acres, representing the seller, at the 1,064-acre Pinal County Tech Park in Casa Grande, Arizona. The buyer, Kohler Co., a global leader in kitchen and bath products, announced it will build a greenfield plumbing products manufacturing facility, ancillary warehouse, and office space on the site.
Land Advisors Organization’s advisors Kirk P. McCarville, CCIM, and Pinal County Specialist Trey Davis represented the seller, Pinal County Tech Park. The multi-million capital investment comprises a total of approximately 1 million square feet, with room for future expansion. The facility will bring more than 400 new full-time jobs to the area.
The first 400 acres at the rail-served industrial Pinal County Tech Park have now closed – 216 acres to Kohler Co., 100 acres to Walbridge Construction, and 84 acres to Cheng Chun Chemical Products.
“Facilitating this deal, knowing that it will bring good jobs to Casa Grande residents, and important tax revenue to our community make it incredibly rewarding,” said McCarville. “Bringing in another nationally recognized name like Kohler has created even more interest by other manufacturers and suppliers looking to re-shore or expand their facilities. Economic development efforts by our city and county leaders are paying off, and companies are seeing that Casa Grande has the infrastructure they need as well as affordable housing and great schools that their employees need.”
Kohler will produce its high-growth lines of STERLING Vikrell bath and shower fixtures – popular among large single-family homebuilders and multifamily developers, and retail big box stores – to support increasing customer demand. The facility will also serve as a distribution center for these products, to best serve Kohler’s growing customer base in the Western U.S. with reduced lead times and delivery efficiency.
Set to be operational by August 2023, Kohler’s new manufacturing facility will incorporate smart factory elements and cutting-edge production technology. The facility will also incorporate key sustainability measures to reduce greenhouse gas emissions, water, and solid waste. Several alternate energy strategies are also being evaluated.
Once completed, the site in Casa Grande will be Kohler’s second Vikrell production facility, joining Kohler’s existing eastern facility in Huntsville, Alabama.
Pinal County Tech Park is 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 a tremendous amount of interest from the semiconductor supply chains and the Tier 1 and Tier 2 electric vehicle manufacturer suppliers.
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 | Mar 14, 2022 | News & Updates
PHOENIX, ARIZ. (March 14, 2022) – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering CI 101, a three-day course to help real estate professionals make informed investment decisions using the CCIM Cash Flow Model.
The course is March 28-31 at SkySong Center, 1475 N. Scottsdale Road in Scottsdale. The course begins at 8 a.m. each day and ends at 5 p.m. Lydia Bennett, CCIM, will be the instructor.
The CCIM Cash Flow Model measures the impact of federal taxation and federal leverage on the cash flow from the acquisition, ownership, and disposition phases of real estate investment. It also utilizes real estate analysis tools to quantify investment return.
CI 101 is a bedrock class for real estate practitioners at a time when risk mitigation, pricing, and cycle assurance have become critical to investors. CI 101 introduces the CCIM Cash Flow Model, a tool for ensuring investment decisions are based on wise financial fundamentals.
During the course, participants will learn to use key financial concepts such as internal rate of return (IRR), new present value (NPV), cap rate, capital accumulation, and annual growth rate of capital to compare different types of commercial real estate investments.
Tuition is $1,200 for members; $1,460 for REALTORS; and $1,735 for non-members. Register by phone at (800) 621-7027, option 2; or register online at www.ccim.com/101.
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by Peter Madrid | Mar 10, 2022 | News & Updates
SCOTTSDALE, ARIZONA (MARCH 10, 2022) – Fidelity National Title Agency is pleased to announce that Diane Day, who possesses 36 years of title and escrow expertise, has been promoted to President/County Manager.
Day has been a vital member of Fidelity National Title’s leadership team for 14 years. She was promoted from Senior Vice President of Operations. Fidelity National Title operates a number of branches in the Valley.
Day’s primary responsibility was to manage and mentor each of the branch managers and their teams. Day’s 36 years in various facets of the title industry have given her insight and expertise in the commercial, residential, and builder arenas.
In her new role, Day will oversee the management of personnel, production, financial results, and market penetration for escrow and title-related services. She will continue to manage and mentor branch teams as well as the ancillary departments at Fidelity National Title.
“Diane’s breadth of experience comes not only from holding positions such as Escrow Officer, Escrow Manager, and Operations Manager, but also from her philosophy of collaborative leadership,” said Jim John, Executive Vice President and Division Manager with Fidelity National Financial. “Her passion for title and escrow will continue Fidelity National Title Agency’s long track record of providing an unmatched customer experience.”
Day is involved with local industry groups including NAIOP Arizona, ULI Arizona, and Valley Partnership. She gives back to the community through her philanthropic endeavors with Phoenix Children’s Hospital and as a certified Rescue Diver. Day is also actively involved with organizations for the preservation and conservation of the ocean.
“I believe to live your best career life, you must remain humble, curious and coachable,” Day said. “Creating a culture of empowering leaders to live their full career potential and to be part of the journey where individuals accomplish more than they ever thought possible is what I strive for.”
A native of Dayton, Ohio, Day moved to Arizona when she was 4 and was raised here. She earned a bachelor’s degree in business management from the University of Arizona.
Away from the office, Day enjoys playing the flute, the outdoors, golfing, hiking, and spending time with her family, which includes three children and three grandsons.
About Fidelity National Title
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 | Mar 8, 2022 | News & Updates
PHOENIX, ARIZONA (March 8, 2022) – NAI Horizon represented the tenant, a national financial products distribution firm, in a long-term lease in the bustling and vibrant Midtown Phoenix Central Avenue office corridor.
NAI Horizon Managing Director Laurel Lewis represented Simplicity Financial Marketing, Inc., of Summit, New Jersey, in a long-term lease totaling $3.59 million at Phoenix Plaza, 2929 N. Central Ave.
Simplicity Financial will occupy 21,621 SF at Phoenix Plaza, which totals 225,000 SF.
Simplicity is one of the nation’s fastest-growing independent financial services firms that annually produces $4.5 billion of annuity premium and $100 million of target life insurance premium. The Simplicity Group has 26 offices across the country.
“This new office will consolidate offices in Scottsdale and Glendale. They were attracted to the Central Phoenix corridor because of its great location and light rail access in Midtown Phoenix,” Lewis said. “Phoenix Plaza offers Class A accommodations with a fitness center, state-of-the-art conferencing, dining, and an adjacent hotel, which were all a big factor in their decision to locate at the building.”
Simplicity provides best-in-class insurance, investment, and business development solutions. By way of organic growth and acquisition of top financial distribution and
technology companies, Simplicity has become one of the largest organizations of its kind.
The Landlord, Phoenix Plaza PT, LLC of Irvine, California, was represented by Pat Boyle with Cushman & Wakefield.
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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