by Peter Madrid | Apr 26, 2022 | News & Updates
PHOENIX, ARIZ. (April 26, 2022) ‒ Liv Communities, a Michigan-based developer of numerous amenity-rich multifamily and senior living projects in the Valley, and The Rockefeller Group, a U.S. real estate developer, owner and operator, recently broke ground on a 360-unit, garden-style apartment community in Laveen, Arizona.
“We’re thrilled to have broken ground with our partners at Liv on our fifth development together,” said Daniel J. Moore, The Rockefeller Group’s President and CEO. “We’re excited to bring a Liv community to the Southwest Valley and look forward to welcoming residents to their new homes at Liv Laveen next year.”
Nestled up against South Mountain, Laveen offers residents an urban feel and numerous parks. Many families and young professionals make up the population of about 51,000.
Residents of the new community will have access to the South Mountain recreational area, Cesar Chavez Park, the Loop 202, and a 15-minute drive to Phoenix Sky Harbor International Airport. Laveen also is 30 minutes or less to most employment hubs in Metro Phoenix.
“We are beyond excited to have a presence in the friendly and centrally located town of Laveen,” said Heidi Arave, Vice President of Multifamily for Liv Communities. “The beautiful setting at the base of South Mountain and convenient access to every area of the Valley via the Loop 202 expansion are attracting a diverse population and numerous new businesses. We see the area as a future live-work-play mecca, perfect for renters who want convenience, comfort, and a vibrant lifestyle.”
Amenities will include a bark park, resident hub, game room, fitness center, volleyball and sports court. The community will feature smart home technology throughout, EV charging stations and valet trash service.
The design and construction team includes Clark Wayland, general contractor; Whitneybell Perry, Inc., architect of record; and Anderson Design, landscape architect.
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.
About Rockefeller Group
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of office, multifamily, industrial and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.
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by Peter Madrid | Apr 25, 2022 | News & Updates
SCOTTSDALE, ARIZ. (April 25, 2022) – LevRose Commercial Real Estate is proud to announce that retail expert Sean Lieb, who comes from a legacy of real estate entrepreneurs in the Valley, has joined the firm as Senior Vice President.
Lieb brings 10 years of industry experience to LevRose after stints at SRS and Cushman & Wakefield. Lieb specializes in landlord and tenant representation, as well as investment sales throughout Metro Phoenix, Tucson, and tertiary markets. Lieb has successfully collaborated with property owners on sales, project analysis, valuation, market strategies, and lease negotiations to maximize their property’s value.
His experience with various types of retail properties including centers anchored by Costco, Target, Fry’s, Safeway, Sprouts, Albertson’s, Trader Joe’s, Bashas, Food City, and Best Buy in Arizona has further facilitated the growth of his extensive client list. On the tenant representation side, Lieb has experience guiding multiple local, regional, and national tenants on-site selection including driven brands concepts, BevMo, CVS, Burger King, Advance Auto Parts, Jackson Hewitt, Edward Jones, Charles Schwab, Smoothie King, Cheba Hut and Orangetheory Fitness.
“We are extremely excited that Sean decided to make the move to LevRose,” said LevRose Managing Director Mike Baumgardner. “His deal-making experience and strong market knowledge are hard to beat. This hastens our continued effort to grow the firm with some of the top people in the industry.”
Lieb has negotiated and driven brand franchises of retail spaces with value creation of more than $60 million. Acquisitions and dispositions facilitated on behalf of his landlord and tenant clients have resulted in more than $100 million in revenue.
Lieb has represented owner-users for purchase requirements of national tenant site selection and assisted in investment opportunities from single-tenant net leased assets to value-add investments. He has also consulted out-of-state buyers exploring the Metro Phoenix retail market.
A Phoenix native, Lieb earned a B.S. in regional development, sports management, and marketing from the University of Arizona. He was a walk-on wide receiver for the Wildcat football team after a successful high school career at Phoenix Brophy Prep. He is an active member of ICSC and Urban Land Institute.
Lieb’s uncle, Michael Lieb, has been a key player in the residential and commercial development of thousands of acres located in urban and rural areas throughout Metro Phoenix. Lieb’s father, Bobby Lieb, is a top producer for Home Smart International for the last decade and top producer in the Central Phoenix and Biltmore sub-markets.
About LevRose Commercial Real Estate/TCN Worldwide
LevRose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.
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by Peter Madrid | Apr 25, 2022 | News & Updates
PHOENIX, ARIZONA (April 25, 2022) – A pair of up-and-coming NAI Horizon professionals recently earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute.
The Central Arizona CCIM Chapter welcomed two designees from NAI Horizon, First Vice Presidents Victoria Filice, CCIM, and Andrew Warner, CCIM. Filice, who was recently promoted, is with the Nunez Self Storage Group. Warner is a member of the Manufactured Housing Group.
The “pinning” took place April 9 at the Westin Charlotte in Charlotte, North Carolina.
“Two years ago, we identified a handful of young professionals who exemplified the diversity of our brokerage coverage; shareholders in the company who represented the future of NAI Horizon. Andrew and Victoria were among that group,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “We couldn’t be prouder of them. This now brings to five the number of professionals in the office that can say they have earned the designation of CCIM.”
Filice, the 2021 NAI Horizon Associate of the Year, works in collaboration with Executive Managing Director Denise Nunez, who possesses more than 30 years of self-storage expertise. The team helps owners with the acquisition and disposition of self-storage investment properties and site selection for new self-storage development opportunities.
Filice focuses on lead generation and market analysis. She earned a degree in professional photography from Brooks Institute and has several years of experience in real estate photography, including working for Google.
Warner was the 2017 NAI Horizon Associate of the Year. Along with his father, Executive Managing Director Russ Warner, the two have closed more than $80 million in mobile home park and RV park investment sales. Andrew Warner joined NAI Horizon in 2013 and had several years of sales experience prior to completion of his college education. He is a graduate of Arizona State University.
To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate. Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.
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 CCIM Institute
CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders.
The organization, through its 50-plus chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin — real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies. In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers.
Almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.
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by Peter Madrid | Apr 21, 2022 | News & Updates
GILBERT, ARIZ. (April 21, 2022) – Continuing a trend of organic growth as its compliance and consulting footprint now reaches 24 markets, Earthworks Environmental is proud to announce five promotions, including three new Regional Managers.
Earthworks Environmental promoted Johnathan Clayton, Blake Curran, CPESC, and Matthew Trygg, to Regional Managers.
Clayton was formerly Lead Compliance Manager in Florida and will oversee Arkansas, Florida, Louisiana, Oklahoma, and Texas. Clayton joined Earthworks Environmental in 2018.
Curran was promoted from Lead Compliance Manager in Colorado. He will oversee Arizona, Colorado, Iowa, Minnesota, Nebraska, New Jersey, and Pennsylvania. Curran joined Earthworks Environmental in 2019.
Trygg was Lead Compliance Manager in Illinois and will oversee Illinois, Indiana, Kentucky, Ohio, and Wisconsin. Trygg has been with Earthworks Environmental since 2018.
All three will lead the compliance managers in their respective markets as well as train new and existing employees to ensure the company continues to serve its clients.
“With our markets expanding so rapidly, this new level of management will ensure that Earthworks continues to run smoothly and precisely,” said company founder and CEO Cherie Koester.
Earthworks Environmental announced two additional promotions.
Kimberly Famiglietti
Kimberly Famiglietti was promoted from Compliance Manager in Texas to Business Development Manager. She is in charge of the business development and will collaborate with Koester in developing, establishing, and retaining long-term relationships with the company. Famiglietti has been with Earthworks for almost 2 years.
Braxton Gries was promoted from Senior Compliance Manager to Lead Compliance Manager. Gries will coordinate and manage his stormwater and dust regulations teams on all Metro Phoenix projects. He will manage the Arizona East Valley team of compliance managers. Gries has been with Earthworks since it was founded more than 7 years ago.
Braxton Gries
“Adding this much-needed layer of Regional Managers will help Earthworks Environmental with our exponential growth,” Koester said. “We need all hands on deck to keep up with our need for training, quality control, and maintenance of local relationships. We have no plans to slow down.”
The environmental consulting firm boasts 61 employees nationwide with work performed in 24 markets. Earthworks Environmental consults on more than 1,100 permits nationally.
Services provided include stormwater pollution prevention, dust control, and construction safety compliances. The firm primarily serves land developers, vertical developers, commercial construction, and land-holding companies.
To learn more about Earthworks Environmental visit earthworksenv.com.
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by Peter Madrid | Apr 21, 2022 | News & Updates
PHOENIX, ARIZONA (April 21, 2022) – NAI Horizon is proud to announce it has elevated 14 brokerage professionals to new leadership roles, including promoting three industry experts to the title of Executive Managing Director.
The promotions honor and highlight each individual for their commitment and dedication to the success of the firm as the commercial real estate industry and the Arizona economy emerged from the COVID-19 pandemic.
Denise Nunez, Isy Sonabend, and Russ Warner were promoted to Executive Managing Director. Matt Harper, CCIM, Laurel Lewis, and Mark Wilcke were promoted to Managing Director. Jeff Adams was promoted to Executive Vice President.
Nunez, who has been with NAI Horizon for 7 years, leads the Nunez Self Storage Group. She possesses more than 28 years of self-storage expertise and closed more than $140 million in deals in 2021. She was also the 2021 Top Producer at NAI Horizon and finished No. 77 among NAI Global’s top 125 agents for 2021.
Sonabend, an industrial expert, was No. 111 on the NAI Global list. Sonabend was No. 2 Top Producer for NAI Horizon in 2021 with one of his most significant deals of 2021, representing Carvana in the $25 million purchase of 148 acres in Surprise, Arizona.
Warner has been with NAI Horizon for almost 9 years and runs the Manufactured Housing Group. He is focused on the disposition of self-storage, RV park and mobile home park investment properties, as well as land suitable for the development of these property types.
“These well-deserved promotions reflect the continued growth in experience and titles for our agents in multiple specialties,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “These promotions run the gamut from our experienced brokers to the young professionals with whom they work and mentor.”
Wilcke, Harper, Lewis, and Adams finished Nos. 3 through 6 among NAI Horizon’s 2021 Top Producers. Wilcke is an industrial and land specialist; Harper is a retail specialist; Lewis is an office specialist; and Adams is an industrial and land specialist.
Other promotions and their specialty:
- To First Vice President: Victoria Filice, CCIM, self-storage; Kevin Higgins, office; Joan Krueger, office/retail/light industrial; and Christopher Lewis, industrial/land.
- To Vice President: Dylan Whitwer, office.
- To Associate: Drew Eisen, industrial; and Cole Neville, investment sales.
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 | Apr 18, 2022 | News & Updates
PEORIA, ARIZ. (April 18, 2022) – Wakeman Integrity, LLC, a woman-owned commercial real estate brokerage firm, represented the landlord in securing a long-term lease for ABC Children’s Eye Specialists at a highly sought-after, newly-opened medical office campus in Avondale, Arizona.
ABC Children’s Eye Specialists PC leased half of the second floor, a total of 12,229 SF, at Akos Medical Campus, 10825 W. McDowell Road in Avondale. The 12-year lease totals $4.73 million.
“Avondale and the entire West Valley are experiencing rapid commercial growth,” said Melynn Wakeman, Designated Broker/CEO with Wakeman Integrity. “Akos is thrilled to welcome ABC Children’s Eye Specialists to its campus as a long-term tenant.”
Akos Medical Campus is a Class A medical office building consisting of 68,000 SF. The first phase opened this year. The second phase of the medical campus is expected to open in Q3 2023.
Akos Medical Campus features contemporary architecture and design. Current tenants include Peak Heart & Vascular, one of the only multispecialty groups in the state, and an urgent care provider. Akos Medical Campus is developed by National Cardiovascular Management, which specializes in designing optimal healthcare environments.
Zdravko Manov with Gile Healthcare Real Estate represented ABC Children’s Eye Specialists.
Serving Phoenix and Mesa, ABC Children’s Eye Specialists provides eye care for infants, children, and teenagers. Services range from routine eye exams to care for ocular disease and acute eye conditions.
For more information about Wakeman Integrity, visit www.integrityRealty4U.com.
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by Peter Madrid | Apr 14, 2022 | News & Updates
PHOENIX, ARIZONA (April 14, 2022) – The success of NAI Horizon’s 2021 Top Producers is a direct result of the overall strength of the Phoenix market last year compared to other U.S. markets and its agents benefitting from referrals from other NAI offices across the country.
“The market expertise of our brokerage professionals is reflected in this impressive list of 2021 Top Producers,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning said. “Between a robust commercial real estate market in Arizona and the collaboration with other NAI offices around the country, it was a great year for the Phoenix office.”
Executive Managing Director Denise Nunez continued her mastery of local and national self-storage investment sales in 2021 and finished atop NAI Horizon’s Top 10 Producer list for the second time in three years.
Nunez, who joined NAI Horizon in 2015, was also named among the top 125 NAI Global agents of 2021, finishing No. 77. Nunez, who leads the Nunez Self Storage Group, closed more than $140 million in self-storage deals in 2021. She was NAI Horizon’s Top Producer in 2019.
Executive Managing Director Isy Sonabend, an industrial expert, finished second among NAI Horizon’s Top 10 Producers. Sonabend also was among the top 125 NAI Global brokers, coming in at No. 111.
NAI Horizon’s broker ownership platform allows agents to benefit from both personal achievement and the success of the company while encouraging a collaborative culture. This platform prioritizes broker needs while offering global reach and resources.
The list of 2021 Top Producers reflects the success of the broker ownership platform and the overall positive trends in the Phoenix commercial real estate market with a range of specialties represented: investment sales, industrial, office, self-storage, land, and retail properties.
NAI Horizon’s 2021 Top Producers:
1. Denise Nunez, Investment Sales/Self Storage
2. Isy Sonabend, Industrial
3. Mark Wilcke, Industrial/Land
4. Matt Harper, CCIM, Retail
5. Laurel Lewis, Office
6. Jeff Adams, Industrial/Land
7. Lane Neville, Investment Sales/Land
8. Michael Myrick, CCIM, Office
9. Chris Gerow, Retail
10. Shelby Tworek, Retail
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 | Apr 13, 2022 | News & Updates
PHOENIX, ARIZONA (April 13, 2022) – NAI Horizon facilitated the sale of an IT firm’s industrial asset, then helped find the client a smaller warehouse and office space in a highly desirable uptown business plaza.
NAI Horizon Managing Director Laurel Lewis and Senior Vice President Rick Foss represented the seller, Aldante 1, LLC of Peoria, Arizona, in the $1.2 million disposition of its 8,800-SF industrial building at 2901 W. Clarendon in Phoenix. Mora REI LLC of Temecula, California, was the buyer.
Lewis then represented the tenant, Accram, Inc. (Aldante 1, LLC), in long-term leases at 2423 E. Peoria Ave. (industrial building, 1,400 SF) and at 7227 N. 16th St. (office, 2,945 SF), both in Phoenix.
The two leases totaled more than $427,000. The landlord at the Peoria Avenue property is Phoenix Gateway Partners and the landlord at the 16th Street office building – Pointe Business Plaza – is Bogle Family Realty LLLP.
“Selling the industrial building was a great return on investment for the client. It then provided the opportunity to find and lease a smaller warehouse space and office space with all the fixtures in an ideal location,” Lewis said. “Finding office space with furniture in uptown Phoenix, where the client wanted to be, put a nice finishing touch on these three transactions.”
Founded in 1981, Accram is a locally-owned technology solution provider. Accram provides information technology services. It offers cloud, IT consulting, remote monitoring, firewall and virus protection, data storage, printer, and structural cabling services. Accram serves customers in the U.S.
KC Smith with Gentry Real Estate represented the buyer in the sale of 2901 W. Clarendon. Kevin Higgins with NAI Horizon was the leasing agent for the long-term lease at Pointe Business Plaza.
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 | Apr 12, 2022 | News & Updates
PHOENIX, ARIZ. (April 12, 2022) – David Krumwiede, a 36-year veteran of the commercial real estate industry and Senior Executive Vice President for Lincoln Property Company (LPC), has been named NAIOP Arizona’s 2021 Award of Excellence recipient.
The award will be presented to Krumwiede at the Best of NAIOP awards ceremony on June 9 at the Arizona Biltmore.
The NAIOP Arizona Award of Excellence recognizes an individual who has made a significant and positive impact on the commercial real estate industry in Arizona over a period of at least 15 years, along with direct volunteer contributions to the chapter.
In just over two decades at LPC, Krumwiede has developed 15 million square feet, acquired over 6 million square feet and currently manages more than 18 million square feet of Class A commercial product. He also serves as an active member and leader across the industry.
“I cannot think of anyone more deserving of the prestigious NAIOP Award of Excellence than Dave,” said Rusty Kennedy of CBRE, NAIOP Arizona 2022 Board Chairman. “He has had, and continues to have, a tremendous impact on Arizona’s commercial real estate community. Dave’s numerous contributions to NAIOP and the Metro Phoenix market span nearly four decades, and his influence and leadership have positively affected many. NAIOP Arizona is grateful for Dave and proud to present him with this award.”
Krumwiede is well known in the Valley’s commercial real estate industry, serving for the past 21 years as head of the Desert West region of LPC, where he oversees Arizona, Utah, Nevada and New Mexico. Under Krumwiede’s leadership, LPC Desert West has received the NAIOP Arizona Owner/Developer of the Year Award for the past three years and has consistently earned project awards for achievements such as The Grand at Papago Park Center, Park 303, Luhrs City Center, and Union.
Krumwiede became a member of NAIOP early in his career. He has served in a range of roles including more than a decade on the Board of Directors, as a Night at the Fights Founding Chairman, and as the 1998 NAIOP Chairman (President).
“From the start, NAIOP gave me avenues for networking, professional growth and collaboration – all things that have made me a better developer, a better leader and hopefully have made the Valley a better place to live and work,” Krumwiede said. “I have appreciated this organization at almost every level and have tried to repay those rewards by engraining NAIOP into the LPC Desert West culture so that we can continue to shape and improve the future of our industry. I am honored to receive this award and to be a part of such an exceptional organization.”
A 55-year resident of Arizona, Krumwiede previously spent 15 years with OPUS, where he ultimately became Vice President for the company’s Southwest operations. In 2001, Krumwiede joined Lincoln Property Company as Partner and established the Phoenix headquarters office of LPC Desert West, where he continues to oversee all development, acquisition, disposition, debt/equity financing, joint ventures, leasing and asset property management, at a time of record demand across the region. For more, visit lpcdesertwest.com.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 20,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org.
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by Peter Madrid | Apr 12, 2022 | News & Updates
9th annual event lets teams compete for bragging rights and cash
PHOENIX, ARIZ. (April 12, 2022) – The 9th REIAC/Rockefeller Group Challenge will again offer a cash prize to a winning team of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.
This year’s competition will again be held in person after the past two challenges were virtual events because of the pandemic.
The event is on May 4 at Arizona Country Club, 4668 E. Orange Blossom Lane, in Phoenix. Registration and networking begin at 3:30 p.m. The presentations are from 4 to 5 p.m. with voting and announcement of the winning team at 5 p.m. A networking mixer will be held after the announcement.
“The REIAC/Rockefeller Challenge has become one of our most anticipated and attended events. REIAC’s Program Committee and Board are proud to continue the relationship with ASU’s MRED program and look forward to this year’s event,” said REIAC Southwest President Karla Moran with SRP.
This year the subject property is 25 vacant acres at the SWC of 91st and Northern avenues in Peoria, Arizona. It’s a portion of the of land held in trust for the San Lucy District of the Tohono O’odham Nation.
Student teams are competing to be master developers by presenting proposals to the district. The district has earmarked the property for commercial development that would financially benefit its community members. Students will make proposals to the district to act as co-developer with University Realty.
“This is their thesis – their culminating experience requiring the use of all they have learned,” said Mark Stapp, Executive Director of the MRED program. “These projects are wicked problems that test students’ knowledge and would challenge anyone, even the most experienced of us.”
Each team is allotted 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team after the presentations, awarding each winning team member a $1,000 check up to $6,000.
“The Rockefeller Group is honored to participate in what has become an annual tradition that has provided additional motivation for MRED students to be selected as one of the top three teams to compete in the Challenge,” said Mark Singerman, Past President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor.
“The inspiring and creative solutions the teams have presented at the Challenge over the years demonstrate what a fabulous job Mark Stapp and his staff have done in preparing the students for careers in real estate development and investment,” Singerman said.
Registration is required for the event. The registration fee is $30 for non-members and $20 for students and closes May 2. Register here.
About REIAC
The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance commercial real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org
About MRED
In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:
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