by Peter Madrid | Jan 5, 2022 | News & Updates
PHOENIX, ARIZONA (January 5, 2022) – Arizona Multihousing Association, the statewide trade group for the apartment industry, announces the election of its 2022 officers and board members.
AMA’s 2022 Board Chair is Scott Hines, PEM Real Estate Group. Joining him on the board leadership team are Linda Coburn, vice-chair, NexMetro Development; Tina Schreiber, treasurer, Greystar Real Estate Partners; Lisa Rosenfeld, secretary HSL Asset Management; Reid Butler, immediate past chair, Butler Housing Company; and Michelle Howland, Industry Partners executive, Blue Steel Security Services.
“I am incredibly excited to be part of such a fantastic organization and help propel us towards what so many before me have successfully built upon,” Hines said. “As we enter 2022, we will refine our processes and heighten the quality of our member engagement to ensure we are even more equipped as a leader and trusted voice for our industry.
“While the landscape is changing, our purpose and goals are abundantly clear. We must continue to advocate for our industry and the momentous impact it has on Arizona’s economy and communities.”
Board members for 2022: Flor Aparicio, Chamberlain + Associates; Elizabeth Beaulieu, Quarterpenny Management; Krisanne Beckstead, Picerne Real Estate Group; Ann Boosma, MEB Management Services; Dahnn Brown, Camden Property Trust; Luz Bruscini, MEB Management Services; John Carlson, Mark-Taylor Residential; Bry Carter, The Phoenix Staffing; Ann Diaz, AZ 1st Realty Management LLC; Anna DiSabato, Dunlap & Magee.
Kohl Eisenhour, Avenue 5 Residential; Kimberly Fitch, Nicolosi & Fitch, Inc.; Tim Furnas, Avalanche Security Services; Adam Greco, Burns Pest Elimination; Kristin Heiple, Baron Property Services; Robert Hicks, Portico; Stacey Hogue, Greystar Real Estate Partners; Khara House, Bella Investment Group; Kelly Johnson, MC Companies; David Kotin, Kay-Kay Realty.
Jim Kowalski, Kowalski Construction; Sharon Kuhlman, Shelton Residential/Asset; Dustin Lacey, Mark-Taylor; Sara Luster, Gorman & Company; Pam McCarthy, Fairfield Residential; Kaitlyn Miller, Western Wealth Management; Omar Mireles, HSL Asset Management; April Morris, Cox Communications; Gloria Munoz, Maricopa County Housing; Lisa Osborn-Warne, Priderock Capital Partners.
Kim Pacheco, Scotia Group Management; Brandi Reynolds, RENCO Roofing; Stacey Searl, Weidner; Crystal Sevilla, Weidner; Christine Shipley, Dunlap & Magee; Michelle Sinclair, Evergreen Devco, Inc.; Justin Steltenpohl, P.B. Bell Companies; Greg Stobart, MG Properties; Dallin Tippets, Rainforest Plumbing & Air; Kris Tomlinson, Pinnacle/Cushman & Wakefield.
David Vanek, Greystar Real Estate Partners; Luis Verger, Shelton Residential/Asset; Christopher Walker, Law Offices of Scott Clark; Debbie Willis, P.B. Bell; Nicole Wray, Greystar Real Estate Partners; Mark Zinman, Zona Law Group.
AMA is the statewide trade association for the apartment industry, representing more than 300,000 rental housing units and 2,300 members in legislative, legal, and regulatory matters. The AMA provides services, products, educational programs, and networking opportunities to promote ethical, quality rental housing throughout Arizona. For more information, visit azmultihousing.org.
###
by Peter Madrid | Dec 28, 2021 | News & Updates
PHOENIX, ARIZ. (Dec. 28, 2021) – It was a sure bet when the Pascua Yaqui Tribe in Tucson, Arizona, selected KatzDesignGroup to design its new sportsbook and poker room at Casino Del Sol.
When Arizona Gov. Doug Ducey signed the state’s sports betting bill into law in April, Casino Del Sol, 5655 W. Valencia Road, Tucson, decided to convert a former nightclub into a new venue, Sol Sports.
“We made a non-traditional mix of a sports bar with a sportsbook in creating Sol Sports,” said Beth Katz, Principal of KatzDesignGroup. “There are booths for dining, club chairs and couches for groups to watch games on TV monitors and individual betting/seating areas. This mix created a warm but lively game-day betting environment.”
The new poker room.
The spacious sports betting area features a full bar and food service surrounded by jumbo flat-screen TVs and a high-definition viewing wall. Bets can be placed at eight self-service betting kiosks and at six live ticket writer counters.
KatzDesignGroup also transformed a space at the casino into a new poker room. Katz describes it as a leveled-up space with beautiful new custom lighting and custom carpet.
“We are in the process of converting the previous poker room into a video poker gaming space,” Katz said. “As part of the poker room project, we upgraded the adjacent bingo snack bar. “
The poker room, which totals 2,100 SF, opened on Dec. 23. The sportsbook, which totals 3,800 SF, also recently opened.
The architect of record was Mike Hall, Michael Hall Architect, LLC; the general contractor was One Way General Contracting. Key subcontractors included Ardebelli Engineering; LionCraft (custom booths and millwork); and Chris Depasquale (custom lighting).
About KatzDesignGroup:
KatzDesignGroup is a full-service interior design firm specializing in hospitality interiors. Our mission is to remain on the cutting edge of design utilizing the most current technologies and sustainable products to create modern and engaging commercial interiors. Our goal is to embrace and highlight the best of our client’s corporate culture and philosophies and innovate that concept into an incredible built interior environment. For more information visit www.katzdesigngroup.com.
###
by Peter Madrid | Dec 22, 2021 | News & Updates
PHOENIX, ARIZONA (December 22, 2021) – NAI Horizon’s Investment Services Group represented the landlord in the renewal and expansion of Lilac Healthcare at Chandler Medical Center, 655 S. Dobson Road in Chandler, Arizona. The total lease consideration is in excess of $3.3 million.
NAI Horizon Executive Vice President Lane Neville, Senior Associate Logan Crum and Agent Cole Neville represented the landlord, Chandler Medical Property Company LLC, in the 13-year, medical office lease that totals 10,994 SF. The tenant, Lilac Healthcare, was represented by Marina Hammersmith and Tyrel Williams with ORION Investment Real Estate.
“Ownership is pleased to have successfully retained such a quality anchor tenant in Lilac Healthcare. The property is fully leased with five quality medical tenants and is directly across the street from Dignity Health’s Chandler Regional Medical Center,” Neville said. “Chandler Medical Center, located next to a full-service, acute care, regional hospital is an important factor to the leasing success of the property.”
The NAI Horizon Investment Services Group specializes in the sale and leasing of office and retail, multi-tenant properties in the Phoenix MSA and throughout the greater Southwest.
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 | Dec 22, 2021 | News & Updates
PHOENIX, ARIZ. (December 22, 2021) – Executive Vice President Mark Wilcke, a top producer with NAI Horizon specializing in industrial and land sales and leasing, represented the buyer, RCI Properties LLC of Albuquerque, New Mexico, in the purchase of 21.35 acres of industrial land in the Summit Business Park in Surprise, Arizona.
The sale fetched a purchase price of $4.185 million for Lots 7 and 8 at Summit Business Park, Cactus and Dysart roads in Surprise. The seller was Capital VIII, LLC of Fargo, North Dakota.
“It took several months of investigating the industrial land market to locate the right property for my client,” Wilcke said. “This site has great upside value as the City of Surprise continues its growth and support for the business community.”
RCI Properties has plans to construct a chemical management facility to service its wide range of customers.
Summit Business Park totals ±142 acres and is Foreign Trade Zone capable. It features easy access to Loop 303 (4 miles) via a full diamond interchange at Cactus Road. It is 3 miles from Northern Parkway.
Bill Honsaker with JLL represented the seller.
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 | Dec 17, 2021 | News & Updates
PHOENIX, ARIZONA (Dec. 17, 2021) – A record 25 protégés were honored as the Arizona Chapter of NAIOP’s Developing Leaders Young Professionals Group (YPG) mentorship program hosted graduation for the 2021 class. Mentors and protégés gathered Dec. 7 at The Gladly for a reception, presentations and dinner.
The 25 protégés, grouped into six teams, each pitched a development proposal to a potential equity partner. As part of their equity partner’s review of the development proposals, judges were looking for the project that meets the highest and best use of the site as well as provides the most optimal economic returns (projected investment returns).
This year’s site was a roughly 2-acre parcel located within the Paradise Valley Mall redevelopment. Team 1’s Amara concept took home top honors. Team members included Gary Cornish, CBRE; Ryan Hankins, Clayco; Braden Blake, Ware Malcomb; and Zach Maki, Seefried Industrial Properties, Inc. Jim Wentworth of Wentworth Property Company was mentor of the winning team.
Additional mentors for this year’s class were John DiVall, Exeter Property Group; Sean Cummings, The Opus Group; Jenna Borcherding, VanTrust Real Estate, LLC; Derek Flottum, Irgens; Alex Boles, ViaWest Group.
“We had an incredible group of participants in this year’s YPG program. The YPG teams were faced with a complex development case study, and each team rose to the occasion delivering thoughtful development ideas for the site,” said mentor Jenna Borcherding. “Having been involved with the program for many years, I’m consistently impressed with the level of creativity, enthusiasm, and collaboration the proteges bring to this program and this year was no exception. I was honored to serve as a mentor for this great program and can’t wait to see what the future holds for this bright group of young professionals.”
Program chairs were Josh Tracy, Ryan Companies US, Inc.; and Chris Beall, JLL.
“The YPG program gives Developing Leaders across all trades the ability to experience what goes into getting a development out of the ground while networking with peers and industry leaders,” Beall said.
The rest of the protégés include:
Team 2: Nik Vallens, Transwestern; Tanner Tremaine, Majestic Realty; Steven Callahan, Alliance Bank of Arizona; Chris Reese, Colliers International.
Team 3: Ryan Hingst, Lee & Associates Arizona; Ryan Coleman, Hines; Eric Sterner, LAST Architects; Josh Schifferer, GO Industrial.
Team 4: Kelly Royle, JLL; Mike Diamond, Gilbane Building Company; Jarett Brock, Cousins Properties; Jonathan Teeter, CBRE.
Team 5: Hagen Hyatt, JLL; Aaron Velasco, Prologis; Kristina Cutillo, Cushman & Wakefield; Braxton Smith, ASU University Realty LLC; Jim MacWilliam, Willmeng.
Team 6: Luke Krison, CBRE; Samantha Spadaro, SmithGroup; Tino Hernandez, Willmeng; Charl Potgieter, Trammell Crow Company.
###
About NAIOP
NAIOP, a 19,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.
by Peter Madrid | Dec 16, 2021 | News & Updates
PHOENIX, ARIZONA (December 16, 2021) – With the addition of industry veteran Perry A. Gabuzzi, CCIM, the Phoenix Kidder Mathews healthcare real estate team bolsters its market expertise and boasts an expansive portfolio of medical office listings in the Valley.
Gabuzzi, a Senior Vice President, joins the team of Senior Vice Presidents Michael Dupuy and Fletcher Perry, and Vice President Rachael Thompson. The team represents clients in the leasing, acquisition, and disposition of healthcare real estate.
Its platform of services includes new lease negotiations, lease renewal and renegotiation, lease vs. own scenarios, occupancy and operational cost analysis, site evaluation, demographic and market analysis, space planning, and negotiating tenant improvement allowance.
“Perry has been a friend since our first chemistry class together in high school. Over the past 20 plus years I’ve known Perry to be honest and hard-working. He fits really well with the culture we have established,” Dupuy said. “We’re excited about the market force he brings to the table. Our clients will absolutely benefit from this addition.”
Perry possesses a broad range of experience in both tenant and landlord representation for office and medical transactions. He is recognized in the industry for his market knowledge, ability to manage and uncover the complexities of transactions, and for providing excellent service while adding maximum value to his clients.
Gabuzzi joins Kidder Mathews after an 8-year stint as Director, Brokerage Services, at The Plaza Companies. His experience also includes Senior Associate at Transwestern for 5 years.
A Phoenix native, Gabuzzi is a board member with the CCIM Central Arizona Chapter. He is also a member of NAIOP Arizona and the National Association of Realtors (NAR).
“I’m thrilled to be part of such a fantastic group at Kidder Mathews. I believe this move without a doubt allows us to create the most dynamic, knowledgeable, and skilled healthcare real estate team in the Valley,” Gabuzzi said. “This merge gives us the ability to provide the highest level of quality services for our clients moving forward.”
Gabuzzi earned a BS in marketing with a minor in psychology from Arizona State University. Gabuzzi and his wife Christine are the parents of five boys ages 22, 18, 16, 4, and 2. He is involved in coaching football, basketball, and baseball teams over the years. Away from the office he enjoys working out and spending time with his family.
Gabuzzi has volunteered countless hours working with the youth and the community through various organizations including Andre House of Arizona, The Salvation Army, National Youth Sports, and numerous others.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast with more than 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt and equity finance services for all property types. It performs $7 billion in transactions, manages more than 51 MSF of space, and conducts more than 1,500 appraisals annually. For more information visit http://kiddermathews.com/locations/phoenix.php.
###
by Peter Madrid | Dec 16, 2021 | News & Updates
PHOENIX, ARIZONA (December 16, 2021) – Two land sales totaling $7.6 million and two industrial building sales totaling $2.35 million highlight recent deals closed by NAI Horizon professionals. The four deals total almost $10 million ($9.97 million).
Sale Transactions:
Mark Wilcke negotiated the sale of 21.35 acres, representing the buyer, RCI Properties, LLC, for $4.185 million. The property is located at Lots 7 & 8 of Summit Business Park in Surprise, AZ. The seller, Capital VIII, LLC, was represented by Bill Honsaker with JLL.
Lane Neville and Logan Crum negotiated the sale of 6.86 acres, representing the seller, Park Corporation, for $3.439 million. The property is located at 115 W. Duval Mine Road, Sahuarita, AZ. The buyer, AMERCO Real Estate Company, was self-represented.
Mark Wilcke and Dylan Whitwer negotiated the sale of a 9,733 SF industrial building, representing the seller, Camping Investments, LLC, for $1.35 million. The property is located at 4427-4431 N. 27th Ave., Phoenix, AZ. The buyer, Southwest Behavioral Services, was represented by Laurel Lewis with NAI Horizon.
Joan Krueger negotiated the sale of a 4,000 SF industrial building, representing the seller, Sky Jett Holdings, LLC, for $1 million. The property is at 1345 W. Broadway Road, Mesa, AZ. The buyer, Tres Hermanos, LLC, was represented by Isaac Nieblas with InHouse VIP.
Troy Giammarco and Joe Pequeno negotiated the sale of a 5,458 SF office building, representing the seller, 8700 Kelton Campus, LLC, for $900,000. The property is located at 8765 W. Kelton Lane C3, Peoria, AZ. The buyer, Tagio, LLC, was represented by Zip Lucidi with West USA Realty of Prescott.
Matt Harper, CCIM and Tom Bean, CCIM negotiated the sale of a 9,423 SF retail building, representing the buyer, El Divine Oasis, LLC, for $831,061. The property is located at 2715 W. Northern Ave., Phoenix, AZ. The seller, 2715 W Northern Ave., LLC, was represented by Rich Andrus and Stuart Milne with Menlo CRE.
Joan Krueger negotiated the sale of a 4,000 SF retail building, representing the seller, Jade Lion, LLC, for $520,000. The property is located at 9241 N. 6th St., Phoenix, AZ. The buyer, North Mountain Shoppes, LLC, was represented by Felipe DeSouza with Global Fund Real Estate Group.
Troy Giammarco and Joe Pequeno negotiated the sale of a 3,000 SF industrial building, representing the buyer, SFE Holdings, LLC, for $495,000. The property is located at 2942 N. Greenfield Road, Mesa, AZ. The seller, Turley Family Living Trust, was represented by H&M Real Estate.
John Filli and Christopher Lewis negotiated the sale of 34.37 acres, representing the seller, L Adventure LLC, Series BB, for $165,000. The property is located at ±15 miles SE of Prescott, Mayer, AZ. The buyer, CHR Revocable Trust, dated September 30, 2018, was represented by Tony Bagneschi with Insight Land & Investments.
Lease Transactions:
Chris Gerow, Shelby Tworek and Gabe Ortega represented both the landlord, Grace Power & McKellips Retail, LLC and Prescott Convention Center, LP, and the tenant, Planet Fitness, in a 132-month lease for 20,010 SF at 1919 N. Power Road, Mesa, AZ.
Mike Myrick represented the tenant, Danton S. Dungy, M.D. P.C., in a 63-month lease for 2,601 SF at 2121 W. Chandler Blvd., Chandler, Az. The landlord, YMC Arizona Properties, LLC, was represented by Adam Tolson with Lee & Associates.
Lane Neville and Logan Crum represented the landlord, CPLP 2944 N 44TH, LLC, in a 37-month lease for 3,600 SF at 2944 N. 44th St., Phoenix, AZ. The tenant, Campbell Fisher Design, Inc, was represented by Tim Fisher with Fisher Associates, LLC.
Laurel Lewis represented the tenant, Vocational Development Group, LLC, in a 39-month lease for 3,651 SF at 8222 S. 48th St., Phoenix, AZ. The landlord, Alpine Regional Center, LLC, was represented by Jamie Swirtz with CBRE.
Matt Harper, CCIM and Thomas Bean, CCIM represented the tenant, Desert Ridge Vape Smoke Cigar, LLC, in a 65-month lease for 1,400 SF at 31313 N. Scottsdale Road, Scottsdale, AZ. The landlord, HE Scottsdale, LLC, was represented by Brent Mallonee with Cushman & Wakefield.
Joe Pequeno and Troy Giammarco represented the tenant, Heart of Wings Family Service, LLC, in a 38-month lease for 4,083 SF at 8433 N. Black Canyon Highway, Phoenix, AZ. The landlord, Exodyne Business Park, was represented by Jonathan Levy with SVN Desert Commercial.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6TB, LLC, in a 63-month lease for 1,596 SF at 8360 W. Thunderbird Road, Peoria, AZ. The tenant, Mint Treasures, LLC, was represented by Kelly Hennessy with Corcoran Platinum Living.
Dylan Whitwer and Don Morrow represented the tenant, Mascom, LLC, in a 36-month lease for 4,315 SF at 7931 E. Pecos Road, Mesa, AZ. The landlord, Pecos Sossaman Commerce, LLC, was represented by Lance Clodfelter with Wilson Property Services, Inc.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in a 38-month lease for 2,606 Sf at 7227 N. 16th St., Phoenix, AZ. The tenant, The Camping Companies, was represented by Mark Wilcke with NAI Horizon.
Jay Mininberg and Thomas Bean, CCIM represented the tenant, Benny Blanco Tortillas, LLC, in a 60-month lease for 1,920 SF at 183 W. Apache Trail, Apache Junction, AZ. The landlord, Apache Junction Shoppes, LLC, was represented by Danielle Davis and Garrett Pedicini with LevRose.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, The Weigel Family Legacy Trust, in a 60-month lease for 1,400 SF at 3129 Stockton Hill Road, Kingman, AZ. The tenant, Jungle Smoke N Vape, LLC, was represented by Johnny Meins with ReMAX Prestige Properties.
Dylan Whitwer, Don Morrow and Laurel Lewis represented the tenant, Veritas Funding, in a 14-month lease for 5,980 SF at 15880 N. Greenway-Hayden Loop, Scottsdale, AZ. The landlord, Magellan Health Inc., was represented by Trevor Pratt with JLL.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP, in 38-month lease for 1,508 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, 1st Commercial Property Management, was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Avondale Medical Campus, LLC, in a 39-month lease for 1,664 SF at 18001 N. 79th Ave., Glendale, AZ. The tenant, West Valley Speech Therapy, PLLC, was represented by Perry Gabuzzi with Plaza Del Rio Management Corp.
Matt Harper, CCIM represented the tenant, Stepping Stone Adult Development Center, LLC, in a 53-month lease for 1,560 SF at 12228 N. Cave Creek Road, Phoenix, AZ. The landlord, Hampton Plaza, LLC, was represented by Kyle Davis with CPI.
Joe Pequeno and Troy Giammarco represented the tenant, Milestone Recovery, LLC, in a 38-month lease for 4,052 SF at 3040 E. Cactus Road, Phoenix, AZ. The landlord, RocketBlue Holdings, LLC, was represented by Jonathan Levy with SVN Desert Commercial.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC, in a 48-month lease for 1,450 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, T&M Market, LLC, was represented by Joy Litrell with LRA Commercial Real Estate.
Matt Harper, CCIM represented the landlord, Ed Rapee Family Trust, in a 24-month lease for 1,400 SF at 515 E. Camelback Road, Phoenix, AZ. The tenant, A to Z CBD Shop, LLC, was self-represented.
Matt Harper, CCIM represented the landlord, CEMAD, LLC, in a 13-month lease for 1,040 SF at 4201 W. Bethany Home Road, Phoenix, AZ. The tenant, Variedades Kelyn, LLC, was self-represented.
Matt Harper, CCIM represented the landlord, 43rd Avenue, LLC, in a 25.5-month lease for 1,040 SF at 9250 N. 43rd Ave., Glendale, AZ. The tenant, Zen Medical Certifications, LLC, was self-represented.
Matt Harper, CCIM and Thomas Bean, CCIM represented the landlord, Sun City Professional Building, in a 18-month lease for 793 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, ALK Asphalt, 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.
###
by Peter Madrid | Dec 15, 2021 | News & Updates
PHOENIX, ARIZ. (December 15, 2021) – A 95,180 SF freezer/cooler/dry warehouse in which Trader Joe’s has been a long-time tenant was purchased by the popular grocery purveyor for $8.75 million; NAI Horizon represented the seller, a family trust from California.
NAI Horizon Senior Vice President Isy Sonabend and Executive Vice President Mark Wilcke represented the seller, the Smith Family Trust of Temecula, California. Trader Joe’s has been the tenant at the property, 10401 W. Van Buren St., in Tolleson, Arizona, since 2012.
Trader Joe’s exercised its purchase option and closed on the asset on Dec. 6.
“It’s been exciting to be a part the transformation of the Metro Phoenix industrial market from when we first executed the lease with Trader Joe’s until today,” Wilcke said. “The strategic and economic value of this asset made purchasing this real estate the worthy decision to make.”
Built in 1996, the refrigerated/cold storage warehouse sits on a 353,499 SF lot. It is located at SWC Van Buren Street and 104th Avenue with easy access to Loop 101 and I-10 full diamond interchanges.
It features 46,000 SF of racked freezer/cooler warehouse space, ± 40,100 SF of fully racked dry warehouse space and a ± 6,400 SF office. It includes a secured concrete truck court and a storage yard.
Rob Stephens with NGKF represented the buyer.
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 | Dec 14, 2021 | News & Updates
PHOENIX, ARIZ. (December 14, 2021) — The Arizona Chapter of NAIOP, the commercial real estate development association, just released its 2022 legislative agenda.
NAIOP’s policy priorities focus on protecting the economy from damaging tax increases, improving certainty for developers engaged in complex projects that aid in business attraction, and returning control of the ballot initiative process to Arizona residents.
“On the heels of a very successful legislative session last year, we plan to continue the positive momentum in creating a policy environment that is ripe for new investment,” said NAIOP Arizona President & CEO Suzanne Kinney. “With the monumental changes of the past two years, 2022 presents a unique opportunity for our market to break away from the pack. We will aggressively pursue legislation that will help accelerate our movement towards Tier 1 status for business attraction and job creation.”
Last year, the legislature made significant progress in blunting the impact of income tax increases imposed on small businesses and other taxpayers through Proposition 208. By having the state backfill the income surcharge and creating a flat income tax rate for all taxpayers, businesses are better positioned to create jobs and recover from the impact of the COVID pandemic. NAIOP will continue to oppose legal efforts and new ballot initiatives that would prevent these protections from staying in place and reduce Arizona’s economic competitiveness.
Recent elections have made it clear that Arizona’s ballot initiative system no longer serves the intent of our state’s founders to be a mechanism for Arizonans to take matters of concern for a direct vote of the people. Instead, well-financed outsiders have abused the system to “try out” novel, high-risk policy ideas. After many years of being on the defense, it is time to bring back control to Arizona’s voters.
Reducing the commercial property tax assessment ratio remains one of NAIOP’s top policy priorities. We achieved major progress last year with a 2% reduction and will continue to work towards parity with other types of property owners.
In light of recent lawsuits over economic development incentives, NAIOP will work to refine the system so that complicated development projects that bring value to the community can avoid surprise lawsuits after many months of sunk costs and investment.
Finally, on the federal front, NAIOP will work with Arizona’s congressional delegation to prevent damaging tax policy proposals from going into effect, such as restrictions on 1031 like-kind exchanges, the taxation of carried interest as ordinary income rather than capital gains, elimination of the stepped-up basis for inherited assets, and removal of tax deductions for qualified pass-through entities.
Download NAIOP Arizona’s full 2022 Legislative agenda at this link.
About NAIOP
NAIOP, a 19,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.
by Peter Madrid | Dec 14, 2021 | News & Updates
PHOENIX, ARIZONA (December 14, 2021) – The 15th Annual IREM-CCIM Economic Forecast, the premier real estate outlook each year, features one of the Valley’s top economic gurus, presents panels with local industry experts, and returns to an in-person event after going virtual this past January.
The event is scheduled for Friday, Jan. 14, 2022, at the Arizona Biltmore, 2400 E. Missouri Ave., in Phoenix. Registration and breakfast begin at 7 a.m. The program runs from 7:45 a.m. to noon. Registration is $109 for IREM and CCIM members; $119 for non-members; and $139 at the door.
This year’s keynote speaker is Elliott D. Pollack, CEO of Elliott D. Pollack and Company, an economic and real estate consulting firm in Scottsdale.
Pollack has degrees from Boston University and the University of Southern California. He has been a practicing economist for 46 years. For the past 31 years, he has been president of the economic and real estate consulting firm that bears his name.
Pollack has taught economics and has written more than 1,000 articles over the years. His job has been to help clarify how current and future economic conditions fit into the decision process, as well as to explain how past decisions relate to the present situation. The keynote address begins at 10:35 a.m.
“It’s always a pleasure for us (IREM) to work with CCIM to put on this fantastic event. Our committee of CPMs and CCIMs have worked very hard to plan an event everyone will be excited to attend, and that will provide timely, critical information as we look ahead in 2022,” said Tyrel Williams, CPM, ORION Investment Real Estate, IREM Greater Phoenix President.
This year’s industry panels:
- The office panel features moderator Andrew Cheney, CCIM, Lee & Associates; LJ Willis, Mid First Bank; Marina Hammersmith, CCIM, ORION Investment Real Estate; John Orsak, Lincoln Property Company; and Rosie Keller, Transwestern.
- The multifamily panel features moderator Mark Schilling, CPM, MEB Management Services, AMO; Shannon Hersker, Walker & Dunlop; Robert Hicks, Portico Property Management; Jay Ramos, Leon Capital Group; and Bill Hahn, Northmarq.
- The industrial panel features moderator Todd Hamilton, SIOR, CCIM, Citywide Commercial; Jenn Borcherding, VanTrust Real Estate; John Kinser, Enterprise Bank; Rob Martensen, Colliers International; and Angela Gomez-Jones, RPA, Link Logistics Real Estate.
- The retail panel features moderator Nick Miner, CCIM, ORION Investment Real Estate; Carole Schillne, Keyser; Michael Pollack, Pollack Investments; Neal Churney, CCIM, Alison Company; and Gary Shaw, Arcadia Management Group, Inc.
The event is co-sponsored by the CCIM Central Arizona Chapter (Certified Commercial Investment Member), commercial real estate’s global standard for professional achievement; and the Greater Phoenix Chapter of IREM (Institute of Real Estate Management), which comprises more than 295 professional commercial and residential real estate managers.
“This outstanding event always provides excellent insight into the dynamic Phoenix commercial real estate market,” said Hamilton, CCIM Central Arizona Chapter President. “The 15th annual edition is sure to usher in a year of even more change and potential turbulence. I can’t wait to hear what the experts have to say.”
Register at iremccimeconomicforecast.com.
###
About IREM
IREM® is an international force of 20,000 individuals united to advance the profession of real estate management. Through training, professional development, and collaboration, IREM supports our members and others in the industry through every stage of their careers.
We believe in our people, and we provide the tools they need to succeed. We open doors, we forge connections, and we help show the way forward. Backed by the power that comes with being an affiliate of the National Association of REALTORS®, we add value to our members, who in turn add value to their teams, their workplaces, and the properties in their commercial and residential portfolios.
Our memberships empower college students, young professionals, and industry veterans who are committed to career advancement. Earning our credentials, including the CPM®, ARM®, ACoM, and AMO®, demonstrates a commitment to, and passion for, good management. These credentials, along with our courses and an array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage. Information at info irem.org or iremphx.org.
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.
Today, the organization, through its 50 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. Today, 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 ccim.com. Central Arizona chapter centralaz@ccim.net.
