by Peter Madrid | Mar 8, 2022 | News & Updates
PHOENIX, ARIZ. (March 8, 2022) – Although the past two years have been challenging for most business sectors in Arizona, the state’s commercial real estate community – and the self-storage industry in particular – fared better than expected and in some cases even flourished.
“This is not the first time that the self-storage industry has shown exceptional strength in a downturn,” said John Chang, Senior Vice President, National Director Research Services with Marcus & Millichap Real Estate Investment Services, in the opening discussion, “Can the Worst of Times Deliver the Best of Times?”
“During the Great Recession, self-storage outperformed other types of real estate. More capital is coming into self-storage as major institutions see it performing well when things are not going well in the economy. This has also been true during good times,” Chang added.
The keynote speech and other topics highlighted the 22nd Annual Arizona Self-Storage Association Conference & Trade Show held recently at We-Ko-Pa Casino Resort in Fort McDowell, Arizona. The Arizona Self-Storage Association (AZSA) is the trade association that represents the self-storage industry in Arizona.
Chang said there was an upside to Arizona’s self-storage industry during the pandemic; an industry that continues to grow as U.S. businesses are coming to grips with high inflation rates.
“Self-storage has tremendous inflation resistance,” Chang said. “Self-storage has the advantage that it can adapt quickly to rolling lease costs. While rising construction costs are affecting other types of commercial real estate, self-storage is flourishing.”
With the self-storage vacancy rate of 4.6 percent in Metro Phoenix, Chang said he expects it to increase slightly. However, Phoenix continues to outpace the national average when it comes to transaction activity with Arizona sales seeing greater growth.
“The past year (2021) was the most active in Arizona for commercial real estate deals,” Chang said. “All activity was up 35 percent; the number of self-storage properties that traded was up 19 percent. The market for self-storage in Arizona is delivering strong appreciation and carries momentum.”
Delving into the economics of the self-storage industry, Chris Sonne of Newmark Valuation & Advisory, said on an institutional level self-storage is no longer considered an alternative asset class.
“Self-storage is a core asset class,” Sonne said. “The underwriting is beginning to fundamentally change. Valuation has risen dramatically. What has changed? Properties are more sophisticated, but self-storage has always been on the forefront of technology. In 2021, $20 billion was invested in the sector, $11 billion in self-storage portfolios alone.”
The conference comprised an Owners and Investors Summit and an Operational Symposium. The annual golf tournament preceded the conference at We-Ko-Pa Golf Club.
AZSA and The BSC Group kicked off the conference with the Owners and Investors Summit with host Adam Karnes. Other presentations on the first day included “Understanding the Legalities of the New Normal,” by Scott Zucker of Weissman/Zucker; and the Legislative Forecast by Lourdes Pena with Triadvocates.
The Operational Symposium kicked off with “Why? Understanding Management Summary Reports, Revenue Management and More” by John Manes of Pinnacle Storage Properties and Pinnacle Storage Managers. The final presentation is “My Lost Brothers: The Untold Story by the Yarnell Fire’s Lone Survivor” by Brendan McDonough.
Poppy Behrens, the Executive Editor of MiniCo, Inc., was presented with the Pioneer Award for her years of service with AZSA. The golf tournament benefited Homes For Our Troops.
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 700 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 | Mar 3, 2022 | News & Updates
PHOENIX, ARIZONA (March 3, 2022) – NAI Horizon represented the seller in the disposition of the last remaining property in the seller’s income portfolio, a storefront retail/office building in Buckeye, Arizona.
NAI Horizon First Vice President Christopher Lewis represented Choices in Community Housing, Inc., of Buckeye with the disposition of its entire portfolio over the last 12 months. The 3,100 SF retail/office asset is at 303 N.4th St., in Buckeye. The sale, which includes a parking lot at 307 N. 4th St., fetched $425,000.
“It was pretty nice to see all of their properties being sold at above list and allowing them to move on to other endeavors,” Lewis said.
The property, which is approximately 40 miles west of Phoenix in Downtown Buckeye, sits on .11 acres. The one-story, single-tenant asset was built in 1949.
“Our experience with Christopher Lewis and NAI Horizon has been exceptional, to say the least,” said Rick Wilson, Principal with Choices in Community Housing. “It has been a delightful experience working with Christopher, who displayed a high level of professionalism and an in-depth understanding of the Phoenix market, which I attribute to the sale of our properties being sold above the actual list price.”
The buyer, CRS Residential, Inc. of Phoenix, was represented by Doreen Coutelin with SJ Fowler Realty.
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 1, 2022 | News & Updates
PHOENIX, ARIZONA (March 1, 2022) – AZCREW, the commercial real estate organization that exists to transform the industry by advancing women globally, is accepting registration for its 2nd Annual 5K charity event.
Runners and walkers are invited to come together at Chaparral Park (5401 N. Hayden Road, Scottsdale) on Sunday, March 27 to raise funds for and promote awareness of CREW Network Foundation. There is also a virtual component.
“We’re very excited to host our second annual 5K benefitting CREW Network Foundation. The work of the foundation is essential for our industry and is an integral part of achieving our organization’s mission. With a diverse, talented pipeline of future leaders, we will ensure the success of women in commercial real estate (CRE),” said 2022 AZCREW President Heather Fox Skinner.
Established in 1998, CREW Network Foundation is the only organization dedicating its resources solely towards transforming the commercial real estate industry by advancing women globally. Committed to bringing more women into commercial real estate, the foundation offers career outreach programs, scholarships, and industry research. Career outreach programs have introduced thousands of young women and girls (from high school to graduate school) to the many career opportunities in commercial real estate.
Thirty scholarships are offered annually to those same women and girls throughout the U.S. and Canada. Applications are open now for 2022 scholarships and close on April 15. To date, the foundation has awarded more than $1 million scholarships.
As the world’s leading researcher on gender and diversity in commercial real estate, the foundation produces research papers annually and a benchmark study every five years, delivering data and action items to advance women in commercial real estate and positively impact the industry.
“It’s inspiring to be part of an organization where you are surrounded by women all working toward one goal, to see other women succeed,” said AZCREW member Jessica Levin.
All proceeds from the event go directly to CREW Network Foundation. Registration is $25 for members; $35 for non-members; and $15 for students. For all in-person events, AZCREW requires a COVID waiver.
T-shirts will be distributed the morning of the walk for those attending in person. The in-person event begins at 8:30 a.m. The virtual 5K is March 20-27.
Register here.
About CREW Network Foundation:
CREW Network Foundation is recognized by the IRS as a 501(c)(3) organization. Contributions are deductible as charitable donations for federal income tax purposes. Furthermore, CREW Network Foundation is classified as a public charity under section 509(a)(2) of the Internal Revenue Code. CREW Network Foundation’s tax ID number is 48-1201724.
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 | Feb 28, 2022 | News & Updates
PHOENIX, ARIZ. (February 28, 2022) – NAI Horizon is pleased to announce the addition of Senior Marketing Specialist Matt Feyereisen to its Marketing and Research Team.
Feyereisen will work closely with NAI’s support services team to provide best-of-class marketing services to NAI’s agents and their clients. He will focus on increasing awareness and highlighting the company’s commercial real estate availability through social media and digital platforms.
“I am excited to welcome Matt to our team,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “His experience in the industry, combined with his design skills and ability to proactively communicate, furthers our vision of building the strongest possible team to support our agents and their marketing efforts.
Feyereisen possesses more than 20 years of experience in marketing and graphic design. He started his commercial real estate design experience in 2001 with Trammell Crow Company in Irvine, California.
His background also includes freelance work with CBRE, Cushman & Wakefield, JLL, and Alliance Realty. He has spent close to 5 years at Commercial Properties Inc. before continuing his tenure at NAI Horizon.
“Matt’s history of graphic design in the commercial real estate market is a positive addition to NAI Horizon and will help move the company vision for excellence forward,” Martin-Denning said.
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 | Feb 25, 2022 | News & Updates
Scottsdale, Ariz. (Feb. 25, 2022) – Land Advisors Organization announces the recent closing of a 20-acre parcel for $1.628 million to Jing He Science, an industrial gas manufacturing company. The parcel, which is located at the Southwest corner of Peters Road and Burris Road, is part of the 400-acre Barnes Farms Industrial Area in Casa Grande, Arizona.
Land Advisors Organization’s advisors Michele Pino, Kirk McCarville, CCIM, and Trey Davis represented the buyer and the seller in this transaction. Pino represented the buyer Jing He Science Arizona, Inc. McCarville and Davis represent the seller Barnes Farms Industrial Area.
“We’re seeing incredible growth and interest in the area by manufacturing facilities, semi-conductor suppliers and construction material suppliers,” McCarville said. “The Pinal County Tech Park and The Barnes Farms Industrial Area are uniquely positioned and highly attractive to the semiconductor manufacturing industry and others because of its gas line, rail connection and proximity to major markets, including California and Texas. Our city and county have been working towards this for years and it’s very rewarding to see the planning and hard work paying off.”
This sale marks the firm’s fourth significant closing in Casa Grande’s burgeoning industrial area in the past six months. Previous sales include the December 21, 2021 sale of a 206-acre site to Kohler, Inc. and the November 28, 2021 sale of 84 acres to CCCP, both of which are within the Pinal County Tech Park, located two miles north of the Barnes Farm Industrial Area; and the September 9, 2021 sale of a 27-acre site to LCY in the Central Arizona Commerce Park, which is located across the street from Barnes Farm Industrial Area.
“The suppliers I’m working with value the synergy of the proximity to other groups that are moving to the area,” said Pino. “Expanding or relocating to Pinal County makes good business sense for them as this hub of opportunity emerges in Central Arizona.”
The City of Casa Grande and Pinal County partnered on infrastructure assistance to help the project become a reality. The new tenant of The Barnes Farms Industrial Area is one of numerous suppliers to the semiconductor manufacturing industry expanding with new facilities in Casa Grande.
The area is particularly attractive for the expansion of these facilities due to the forward-growth development environment, strong schools, rapidly growing employment base with training facilities, supportive government officials, land prices, the area’s overall connectivity to the I-8 and I-10 as well as its location on the Union Pacific Main Line.
“Thanks to the support by Casa Grande and Pinal County to make critical infrastructure investments in the coming months and years to the area, industrial development is going gangbusters,” said McCarville.
The Pinal County Tech Park is a two-phase ±1,064-acre, rail-served industrial park, which currently has 650 acres available in its second phase. The Barnes Farms Industrial Area is a 400-acre, single-owner I-2 Industrial site with a certificate of assured water supply. There are currently 320 acres remaining in The Barnes Farms Industrial Area. Both industrial parks are located in close proximity to the TSMC semiconductor factory and Intel expansion, plus Lucid Motors and Nicola. The areas are seeing tremendous interest from major prospects in the semiconductor supply chain and Tier 1 and Tier 2 electric vehicle manufacturer suppliers looking to relocate or expand their facilities.
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 | Feb 22, 2022 | News & Updates
GILBERT, ARIZONA (Feb. 22, 2022) – Hunter Contracting Co. is proud to announce that Dig Karki, P.E., has been elevated to the position of vice president.
Karki, who has been with Hunter for 12 years, was promoted from project sponsor. His new responsibilities will include focusing on maximizing Hunter’s operating performance and building strong teams with a goal to better serve the company’s clients.
Karki has worked in several roles within the company with one focus – customer satisfaction through collaboration. He continually strives for perfection, instilling Hunter’s core values: Build it Right, Accountability, Safety, Integrity, and Continuous Improvement in every project.
“Dig has excelled in every position he has held at Hunter and provides tremendous customer service to our clients,” said Hunter Contracting President Chuck English. “In addition, Dig is a great communicator that brings people together to solve problems, demonstrating the knowledge and experience to take on the challenges of our industry and help lead us in our future endeavors.”
A native of Nepal, Karki holds a bachelor of science degree in civil engineering. He started his professional career as a design engineer. Realizing that he enjoyed the construction aspects of projects, he joined the graduate program in construction at Arizona State University.
Karki graduated from ASU with a Master of Science degree in construction in 2003 and worked at numerous civil construction companies before joining Hunter in 2010. He is a member of the Arizona Parks and Recreation Association and the Associated General Contractors of America.
Away from the office, Karki enjoys spending time watching his son play soccer at one of the Valley parks he has built. Karki also enjoys traveling with his family and reading.
About Hunter Contracting Co.
In 1947, William R. Hunter began constructing concrete-lined ditches for farmers across the East Valley and he formed Hunter Ditch Lining (HDL) a year later. Armando Taddei joined HDL and after a few years of working for the company, Mr. Taddei purchased HDL in 1961. The same year, Mr. Taddei founded Hunter Contracting Co. (Hunter). The company is currently led by Max Taddei, Chairman of the Board, and Amy Ostwinkle, Corporate Secretary, as the third generation of the Taddei family to lead Hunter.
Hunter is a heavy site/civil construction company specializing in preconstruction and construction services in transportation, water and wastewater, parks and recreation, underground utilities and rehabilitation, site development, and irrigation and flood control. Hunter has offices in both Gilbert and Tucson to provide an outstanding project experience to public and private clients and industry peers throughout Arizona. Hunter continues to diversify through acquisition of a revolutionary product known as Con-Arch™. Con-Arch has made it possible for Hunter to construct concrete arches, substituting for box culverts, at reduced cost while offering improved aesthetics and increased structural integrity. For more information, visit www.huntercontracting.com.
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by Peter Madrid | Feb 17, 2022 | News & Updates
PHOENIX, ARIZ. (Feb. 17, 2022) – Two land deals totaling more than 15 acres and the sale of a retail building highlight deals recently closed by NAI Horizon professionals. NAI Horizon Senior Vice President Matt Harper, CCIM, closed the three deals that fetched $2 million.
Sale Transactions:
Matt Harper, CCIM, negotiated the sale of 4.2 acres of land representing the buyer, Andilink Holdings, LLC, for $1.125 million. The property is located at 18969 W. McDowell Road, Buckeye, AZ. The seller, MPPD Holdings, LLC, was represented by Skip Corley with Daum Commercial.
Matt Harper, CCIM, negotiated the sale of 2,760 SF retail building representing the seller, IEMAD, LLC for $490,000. The property is located at 4243 W. Bethany Home Road, Phoenix, AZ. The buyer, Jose DeJesus Castorena Oropeza & Jesus Miguel Ochoa Sarabia were self-represented.
Matt Harper, CCIM, negotiated the sale of 11.134 acres of land representing the buyer EAA Investment Group, LLC, for $445,360. The property is located at SEC Frontier and Houser Eloy, AZ. The seller, T.E.S. Farms, was represented by Ken Reycraft with Insight Land and Investments.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Mark Wilcke represented the tenant, Le NID USA, in a 61 ½-month industrial lease for 38,088 SF at 4615 W. McDowell Road, Phoenix, AZ. The landlord, Irwindale Properties, LLC, was represented by Don MacWilliam with Collier International.
Laurel Lewis and Tom Bean, CCIM, represented the landlord, State Bar of Arizona, in a 60-month office lease for 5,300 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, Data Monster, LLC, was self-represented.
Thomas Smith represented the landlord, Happy Valley II LLC and South Buckeye and Avondale LLC, in a 60-month lease for 6,670 SF at 8726 West Olive Ave., Peoria, AZ. The tenant, Calvary Chapel Arrowhead, was represented by Janel Wangsness with Keyser and Earle Shroyer with Realty Executives as referring broker.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, STR FUND X, LLC, in a 120-month retail lease for 1,650 SF at 1335 S. Alma School Road, Mesa, AZ. The tenant, ISP2 AZ, LLC, was represented by Kenzie Mitchell with Phoenix Commercial Advisors.
Kevin Higgins represented the landlord, Bogle Family Realty LLLP, in a 72-month office lease for 2,945 SF at 7227 N. 16th St., Phoenix, AZ 85020. The tenant, Accram, Inc., was represented by Laurel Lewis with NAI Horizon.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in an 84-month retail lease for 2,400 SF at 5830 W. Thunderbird Road, Glendale, AZ. The tenant, Emanuel and Yvette Mamo were represented by Mona K. Oshana with Southwest Property Sales & Leasing.
Matt Harper, CCIM, and Thomas Bean, CCIM, represented the tenant, Cars by Cooper, LLC, in a 39-month retail lease for 2,608 SF at 14880 N. Northsight Blvd., Scottsdale, AZ. The landlord, Mohawk Partners, LLC, was represented by Richard Lewis with SVN.
Lori Kahn represented the tenant, Liquid Mobile IV, in a 24-month lease for 2,033 SF at 4808 N. 24th St. Phoenix, AZ. The landlord, Silver Fern, LLC, was self-represented.
Laurel Lewis, Dylan Whitwer and Don Morrow represented the tenant, Copper Communities Hospice, LLC, in a 38-month office lease for 2,738 SF at 1400 N. Gilbert Road, Gilbert, AZ. The landlord, Community Investments, LLC, was represented by Shane McCormick with Commercial Properties Inc.
Dylan Whitwer and Don Morrow represented the tenant, Largie Business Strategies, LLC, in a 24-month office lease for 3,136 SF at 130 N. Central Ave., Phoenix, AZ. The landlord, 130 N. Central, LLC, was represented by Lucinda Bliss with Orion.
Matt Harper, CCIM, represented the landlord, LASA Realty, LLC, in a 36-month retail lease for 1,200 SF at 7448 W. Glendale Ave., Glendale, AZ. The tenant, Groom Express, LLC, was self-represented.
Laurel Lewis, Dylan Whitwer and Don Morrow represented the tenant, MSC Holding Group, LLC, in a 38-month office lease for 1,085 SF at 1400 N. Gilbert Road, Gilbert, AZ. The landlord, Community Investments, LLC, was represented by Shane McCormick with Commercial Properties Inc.
Joe Pequeno and Troy Giammarco represented the landlord, Falcon Corporate Center, LLC, in a 24-month office lease for 1,422 SF at 4711 E. Falcon Drive, Mesa, AZ 85215. The tenant, Harrington Planning + Design Company was represented by Yang with DeLex Realty Group.
Matt Harper, CCIM, represented the landlord, Robert & Arlene Thatcher, in a 24-month retail lease for 650 SF at 5832 W. San Miguel Ave., Glendale, AZ 85301. The tenant, Duran Bennett and Stephanie Bennett were self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property
Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI
Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
by Peter Madrid | Feb 15, 2022 | News & Updates
PHOENIX, ARIZ. (Feb. 15, 2022) – Liquid Mobile IV, a clinical lead physician, nurse practitioner, and nurse organization delivering 24/7 wellness-based IV hydration and nutrition to the customer’s front door, signed a 2-term lease at the Optima Biltmore Towers Condominium first-floor commercial space at 4808 N. 24th St., in the highly sought-after Camelback Corridor in Phoenix.
NAI Horizon Associate Lori Kahn represented the tenant, Liquid Mobile IV, which is excited to bring its services and be part of the Phoenix community. The 2,033-SF space will be home to more than 20 nurses and clinicians.
“We are thrilled to help Liquid Mobile IV with its national expansion, and Phoenix being the company’s first Southwest location,” Kahn said. “The Optima Biltmore’s office space is the perfect location in the Phoenix market. The building’s central location and proximity to major freeways provide nurses easy access to clients throughout the Valley.”
Liquid Mobile IV offers on-demand nutrition, hydration, and COVID test. Nurses come to a home or business, providing convenience and limiting the risk of exposure to other viruses and illnesses that might occur in a clinical setting.
Liquid Mobile IV offers customers the ability to avoid travel time, traffic, long lines or waiting rooms. Only nurses, nurse practitioners and physicians perform the IVs and administer nutrients formulated by FDA authorized pharmacies.
Liquid Mobile IV products are designed to make a positive impact on the routine wellness of a customer’s day-to-day life, in addition to assisting with more acute clinical health situations such as cold, flu, nausea, allergies and dehydration that require immediate attention.
Because of its direct administration method, Liquid Mobile IV products tend to work faster and more efficiently than other methods and deliver up to 100% absorption of the needed therapy.
The landlord is Silver Fern, LLC, of Glencoe, Illinois. The transaction was facilitated through a referral from NAI DESCO in St. Louis, Missouri.
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.
About Liquid Mobile IV
Founded in December 2021, Liquid Mobile IV specializes in IV hydration therapy, including anti-aging, weight management, nausea and vomiting, cold and flu, performance and recovery, migraine, Myers’ Cocktail, and hangover. Whether you are looking to slow down the aging process, recover from a cold or athletic event, or improve general hydration levels, our nurses, nurse practitioners and physicians are here to assist. Operating 24×7, on-demand and on your doorstep in under 2 hours. For more information, please visit us at www.LiquidMobileIV.com.
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by Peter Madrid | Feb 15, 2022 | News & Updates
SCOTTSDALE, ARIZONA (Feb. 15, 2022) – Sigma Contracting, Inc. is scheduled to break ground in March on a $14 million, 100,000 SF warehouse, manufacturing, and retail space in Goodyear, Arizona, for unique furniture purveyor Potato Barn.
Sigma is constructing the ground-up building on 8 acres at the SWC of West McDowell Road and Pebble Creek Parkway in Goodyear. The tilt-up building will feature eight loading docks and comprise 25,000 SF of warehouse space, 20,000 SF of manufacturing space, more than 54,000 SF of retail/showroom space with administrative offices in the mezzanine area.
Potato Barn is a family-owned Arizona furniture store featuring unique collections and one-of-a-kind pieces imported from around the world. It is the second warehouse Sigma has built for Potato Barn. In 2018 Sigma constructed a $7.4 million, 100,000 SF headquarters and warehouse at 7104 E. Ray Road, in Mesa. The Goodyear facility is expected to deliver in late 4Q 2022.
Because of current market conditions and to control price escalation, as well as to enable the project to proceed smoothly once commenced, Sigma pre-emptively executed various subcontracts and components such as steel, rebar, doors, and concrete were ordered almost five months ago.
“All of us at Sigma are very excited to work again with the ownership of Potato Barn, Imagine Aria of Phoenix, Streamline Development, providing project management services; Adaptive Architects as the architect of record; and EPS Group providing civil and landscape services,” said Sigma President Dan Hinkson. “This team has been working on this for over a year and has been very proactive and collaborative in considering current market conditions.
“The preconstruction journey with Sigma, which began approximately a year ago, will pay many positive dividends during actual construction as it has allowed time for preparation, planning, and pre-ordering materials to hedge the cost escalations we have witnessed throughout 2021 and continuing today,” Hinkson added.
Notable subcontractors include R&M Concrete, concrete; State Electric, electrical; and Alstate Steel, steel.
ABOUT SIGMA CONTRACTING INC.
Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.
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by Peter Madrid | Feb 10, 2022 | News & Updates
PHOENIX, ARIZ. (Feb. 10, 2022) ‒ Liv Communities christened its fourth amenity-rich senior living development in the Valley on Monday with a ribbon-cutting ceremony at LivGenerations Mayo Blvd., 6650 E. Mayo Blvd., in Phoenix.
The new community features 181 units – 155 homes and 26 casitas – and joins senior living properties that Liv Communities operates in the Valley in Gilbert, LivGenerations Agritopia; Scottsdale, LivGenerations Pinnacle Peak; and Phoenix, LivGenerations Ahwatukee.
“Executing a project like this takes a lot of teamwork and coordination,” said Liv Communities CEO Scott Brooks. “We broke ground in October 2019, a few short months before all of our lives were dramatically changed by a pandemic. It’s no easy feat under normal circumstances to develop such a project. To complete it under extreme conditions and have this great property available for our residents really underscores that sense of teamwork.”
Residents Jim and Pam Pease cut the ribbon at LivGenerations Mayo Blvd. as Liv Communities officials (left) Scott Brooks and Scott McCutcheon and Phoenix Mayor Kate Gallego (right) look on.
LivGenerations Mayo offers 20 floor plans of independent living, assisted living, memory care, and casitas. Amenities include front desk concierge; 24-hour emergency call system; large kitchens with high-end appliances and granite counters; walk-in closets available; scheduled transportation; pet-friendly; walking pathways; washer and dryers for select units; large open apartments; ADA-compliant units available; balconies and patios; and bark park.
“As a CARF-accredited (Commission on Accreditation of Rehabilitation Facilities) community in the Valley, LivGenerations Mayo is passionate about making the lives of our residents fulfilling, enjoyable and comfortable,” said Scott McCutcheon, LivGenerations COO. LivGenerations is the only rental senior living company that holds CARF accreditation.
LivGenerations Mayo Blvd. is the first community for the Michigan-based developer to offer the casita product, Brooks said. It has been a resounding success, he added. All of the casitas have been leased out in the past few months.
The community also offers numerous dining options including the Veranda Grille, Crave, and Forno Mangia.
“This is a very exciting day to celebrate. Phoenix is the fastest-growing city in the United States and it’s one of the fastest-growing for senior communities in the U.S. as well,” said Phoenix Mayor Kate Gallego, one of the local dignitaries in attendance. “This community represents a nice place for the needs of its senior residents. The Mayo Corridor boasts some the best healthcare providers in the country.
“It’s exciting to me when we take a step forward in areas of dementia and memory care. I recently lost my grandmother, who was diagnosed with and died of dementia. We never quite knew the right thing to do. I am very thankful that a community like this in Phoenix can take steps and offer support. This moment is very important. There are now more options for great senior living,” the mayor added.
The new community features a full range of luxury amenities including classes in the state-of-the-art Liv Fit Fitness Center; a resort-quality swimming pool; and yoga and meditation. Social amenities include events at Barley’s Bourbon Bar and the Silk Tassel Tea Room.
Ryan Companies US, Inc., served as the general contractor; Todd & Associates Inc. was the architect of record. Other project team members included Thoma-Holec Design (LuAnn Thoma-Holec), interior designer; Burch & Cracchiolo (Ed Bull), zoning attorney; Huntington Bank (James O’Brien), construction loan; and engineering firms MSA (mechanical/plumbing/electrical), Kimley-Horn & Associates (civil), Bakkum Noelke (structural), and Fisher Engineering Inc. (fire protection).
“We are absolutely honored and thrilled to welcome this community to our network,” said Curt Moroney, Business Development Executive with the Greater Phoenix Chamber of Commerce. “Those in the realm of healthcare are near and dear to our hearts. This community will be a very experiential component to the lives of its residents.”
About Liv Communities
Liv Communities helps people live fuller lives by developing, owning and operating luxury residential communities through their Liv multifamily and LivGenerations senior living brands. In addition to providing prime locations, premium finishes, inspired designs, and resort-style amenities, Liv Communities provides extensive opportunities for residents and team members to engage in community activities and with each other that ultimately results in their staying longer and referring others to join them. For information visit livcommunities.com.
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