by Peter Madrid | Jun 17, 2021 | News & Updates
SCOTTSDALE, ARIZ. (JUNE 17, 2021) – Fidelity National Title Agency is pleased to announce a passing of the torch celebration with the retirement of industry mentor Vice President Diane Carpenter and the promotion of her protégé Kristina Gooding to Vice President/Branch Manager of the firm’s Northgate Commercial office.
Carpenter, an industry veteran of 26 years, has been with Fidelity National Title since 2016. She retires as Branch Manager of the Northgate Commercial office, 14000 N. Pima Road in Scottsdale. During her career as a commercial escrow officer, Carpenter personally closed more than 8,000 transactions valued at more than $30 billion.
Carpenter’s experience includes executing sophisticated multiparty transactions for a wide range of projects. It includes master-planned communities as well as commercial, office, industrial, medical, hospitality, multi-family and large vacant land deals for owners, lenders, investors, developers and builders. She has also managed and coordinated major non-real estate escrows, including corporate mergers and acquisitions in addition to complex joint development agreements among various developers and homebuilders.
Gooding, who previously served as Assistant Vice President/Commercial Escrow Officer, is a 15-year industry veteran. She has been with Fidelity National Title for 5 years. Her new responsibilities will be to manage the Northgate Commercial branch, which includes managing personnel, profit and loss responsibility as well as other managerial responsibilities.
“Diane’s commitment to her craft has been exceptional, resulting in an expertise and accumulation of knowledge that ensures a legacy that will always be valued and remembered,” said Mary Lou Paulk, Fidelity National Title President/County Manager. “I want to thank Diane for her dedication to our company and wish her well as she moves forward and welcome Kristina to her new position.”
Kristina Gooding
“Kristina has demonstrated during her tenure with Fidelity innate leadership skills together with her superior technical knowledge in escrow and title making her the perfect person to lead this dynamic commercial team,” said Senior Vice President/Operations Manager Diane Day. “We are so excited that Kristina is ready for the new challenge as Diane heads into retirement. She has been mentored to take the lead and is eager to embrace it.”
Born and raised in the Chicago area, Gooding is a graduate of the Eller College of Management at the University of Arizona. She earned her Bachelor of Science degree in business economics and served as a member of the Alpha Kappa Psi Business Fraternity.
Gooding honed her professional expertise through successfully executing transactions for multifamily, retail shopping centers, industrial, office, residential and vacant land. Prior to working in title and escrow, Gooding previously managed a variety of new-build and reconstruction projects.
Gooding and her husband Jason have two daughters, Harper (7) and Evelyn (4). Away from the office she enjoys playing softball, reading, relaxing with her family and cheering on the Chicago Bears.
Carpenter is a member of the Arizona State Escrow Association. She earned a Bachelor of Arts degree from the University of Maine. She also holds a paralegal certificate from the Philadelphia Institute. In retirement, she plans to spend more time with her family in Maine.
“I love the quote, ‘The only constant in life Is change,’ because it’s so true,” Paulk said. “With change also comes opportunity. Kristina has been an exemplary employee with Fidelity since 2016. She has acquired extensive commercial escrow and title experience while working as Diane’s protégé for the past 15 years.”
About Fidelity National Title
With a proud history of more than 150 years, Fidelity National Title Agency (NYSE-FNF) is the nation’s premier real estate service providers. FNF has $1.5 billion in claims reserves, 33.2% market share, and is the highest-ranked title insurance company currently on the Fortune 500. Through its nationwide network of direct operations and agents, Fidelity National Title Agency provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals, investors and consumers. Let Fidelity demonstrate why customers nationwide rely on its experience, service and financial strength for real estate transactions across the country. For more information visit fntarizona.com/
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by Peter Madrid | Jun 16, 2021 | News & Updates
Liv Crossroads in Gilbert at more than 70 percent leased in continuation of strong demand for amenity-rich, community-oriented, luxury rental housing
GILBERT, ARIZ. (June 16, 2021) ‒ Development partners Liv Communities and Rockefeller Group recently celebrated a ribbon-cutting event of their fourth collaborative multi-family community in the Valley in the past nine years.
Local dignitaries and project team members were on hand for the ceremony held at Liv Crossroads, 445 E. Germann Road in Gilbert, Arizona. Occupancy of the first buildings took place in April, with strong leasing activity driven by strong demand for the community-oriented development. Demand is so strong that the community is already 70 percent leased. Final completion of the community is expected in February 2022.
“It’s my privilege to thank what has turned into now, a real core team. We are a family, in a lot of ways,” said Liv Communities CEO Scott Brooks. “Rockefeller Group has helped us build the Liv presence here in the Valley. We rely on each other as partners. We have worked on several communities together. It’s been an incredible journey to build these relationships. Thanking each of these key folks is just the latest.”
When Liv Crossroads is complete, Liv Communities will have 900 rental homes in three communities in Gilbert that represent an investment of $150 million in the town, Brooks said.
Liv Crossroads features 356 units ranging in size from studios to three bedrooms. It comprises 19 buildings plus two amenity buildings that feature the office, resident Hub, co-working space and Liv Fit fitness center, all with 24-hour access to Liv residents.
Residents enjoy an over-sized heated resort-style pool and spa, on-site personal training and group fitness, indoor and outdoor community entertainment and recreation areas, and a “Bark Park” with pet-friendly social events.
Additional community amenities include rideshare pickup location, the “Mile Shy” Walking Trail, a community garden, a relaxing hammock garden, business center/conference room, outdoor fitness stations, package delivery lockers, a coffee bar, private garages, car care center, electric car charging stations and Wi-Fi in all amenity areas. Liv focuses on building a genuine community where residents have the opportunity to live a more fulfilling life and build lasting friendships.
Apartment amenities include granite countertops, patio storage, internet access points throughout the home, plank flooring, private patio/balcony, private master baths, detached garages available to rent, stainless steel Energy Star appliances and Liv Smart home automation.
“Today is a celebration day; this Liv development is a joint venture we’re really proud to be a part of,” said Thomas Weeks, Executive Vice President and Head of Development for Rockefeller Group. “This is a great community and a great place to live. This is also a great place to work. Gilbert’s growth is proof positive of that.”
Whitneybell Perry is the architect of record and Clark Wayland is the general contractor. Notable subcontractors include Terrascape Consulting, RC Interiors and Anderson Landscape Design.
“The first time I toured a Liv community in Gilbert, I said to my husband, ‘Can we live in a Liv community?’” said Town of Gilbert Mayor Brigette Peterson. “I hope you have the best of luck in our community.”
Local dignitaries and project team members were on hand for the ribbon-cutting ceremony held at Liv Crossroads, 445 E. Germann Road in Gilbert, Arizona.
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 | Jun 16, 2021 | News & Updates
PHOENIX, ARIZ. (June 16, 2021) – NAI Horizon represented the seller in the disposition of a 5-acre parcel of the 26.1-acre Planned Area Development-zoned Rumsey Ridge Development site near the intersection of State Route 87 and Malibu Drive in Payson, Arizona.
NAI Horizon Senior Vice President John Filli, SIOR, represented Fieldbrook Payson Partners, LLCA, a Utah limited liability company in the $455,000 sale. The buyer is Christopher J. Martin and/or Assignee of Granite Bay, California. At close of escrow, the property was assigned by Christopher J. Martin and/or Assignee to Widdershins LLC, an Arizona limited liability company.
The buyer, an investor/developer, has a first right of refusal with an option to purchase Phases 2 and 3 of the northern half of the Rumsey Ridge Development.
“As I look back at the effort it took to complete such a sales transaction opportunity, I am reminded that ‘opportunity is missed by most people because it is dressed in overalls and looks like work,’ ” Filli said.
The subject land parcel is situated west of SR 87, immediately adjacent to the west and north property lines of the Payson Wal-Mart, on the east side of the Forest Hills Condominium subdivision, and north of SR 260. The proposed development has a total site area of approximately 1.167 million SF (26.1 acres) made up of one large parcel and one very small parcel.
In July 2009 a developer had plans to develop the property as a multi-family residential project with a maximum number of dwelling units per acre with neighborhood amenities located throughout the property that were to include parks, open space, clubhouse, and pool.
In moving forward with the project, the developer-initiated discussions with Planning, Zoning and Public Works personnel and learned that an approved Rezoning/PAD Overlay would be required to allow for increased density and innovative internal roadway sections.
On December 30, 2013, the Rumsey Ridge Development property was purchased by TTLC Timber Ridge LLC, a foreign Arizona limited liability company, for $2.147 million on a seller carry-back basis. During the transaction, the seller was represented by NAI Horizon’s Filli; the buyer was self-represented.
In early 2018 the property was repossessed via trustee’s sale by the original seller (Fieldbrook Payson Partners LLC). In late 2018 the 26.1-acre Rumsey Ridge land site once again became available for purchase through NAI Horizon (Filli), this time with PAD zoning in place.
“In looking back (from July of 2009 to the present), I can honestly say that ‘the man who gets ahead is the one who does more than necessary – and keeps on doing it,’” Filli added.
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 | Jun 15, 2021 | News & Updates
PHOENIX, ARIZONA (June 15, 2021) – Longtime ULI leader Mark Winkleman, President of MGS Realty Partners, has been selected as the new Chair of the Urban Land Institute, Arizona District Council (ULI Arizona), serving on a voluntary basis for a two-year term starting on July 1.
Winkleman, a Full Member of the Urban Land Institute, has been actively involved in ULI since 2003 and was previously Vice Chair with responsibility for Mission Advancement. His extensive volunteerism at ULI locally includes District Council Treasurer, Trends Day Chair, and a Partnership Forum Mentor.
Winkleman is a recognized leader in real estate development, management, and investment throughout the Southwest. Founded in 1999, MGS Realty Partners owns and operates numerous real estate assets and provides real estate advisory services.
“I look forward to this opportunity to lead ULI Arizona, and advance ULI’s tradition of knowledge sharing and mentoring,” Winkleman said. “As a neutral convener, ULI creates forums for highly effective information exchange where members from around the world can share ideas and best practices.”
Winkleman served as the Chief Operating Officer of ML Manager, LLC, successor to Mortgages Ltd, since 2009. Mortgages, Ltd was an Arizona-based private equity lender that had almost $1 billion in outstanding loans at the time of its bankruptcy. During this time, Winkleman directed the sale of more than $200 million in properties.
From 2003 until 2009, Winkleman served as the Arizona State Land Commissioner and directed the Arizona State Land Department, serving on the cabinets of governors Janet Napolitano and Jan Brewer.
As Arizona Land Commissioner, he was responsible for the management of approximately 9.3 million acres of land. During his tenure, the revenues of the Land Department exceeded $1.8 billion, with the bulk of the proceeds going for the benefit of public education.
In addition to his volunteer efforts with ULI, Winkleman serves on the Boards of Directors of Salt River Devco and the McDowell Sonoran Conservancy. His extensive charitable work includes being a past chair of Valley Partnership and a past member of the City of Phoenix Industrial Development Authority Board of Directors, and Arizona State Parks Board of Directors.
Winkleman succeeds Heidi Kimball, Senior Vice President with Sunbelt Holdings, who will move into the Governance Chair role for ULI.
“Our district and national councils are the foundation for ULI’s collective impact,” said ULI Chief Executive Officer Ed Walter. “They make an incredible difference in the quality of our work and the fulfillment of our mission.”
ULI Arizona also announced the following industry professionals will be rounding out the District Council leadership team:
Heather Personne, a ULI Full Member and Managing Principal of Evolve Ventures, is the incoming Vice Chair; and Steve Lindley, a ULI Full Member and Executive Director/Capital Markets at Cushman & Wakefield, is the incoming Treasurer. Both have been extensively involved in ULI leadership positions. Personne is Vice Chair of the ULI National Placemaking Product Council.
Heather Personne
Steve Lindley
About ULI
The Urban Land Institute is a 501[c][3] nonprofit research and education organization supported by its members. Founded in 1936, the Institute has more than 45,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent multidisciplinary land use and real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policymakers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.
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by Peter Madrid | Jun 10, 2021 | News & Updates
PHOENIX, ARIZONA (June 10, 2021) – Clear Title Agency of Arizona, a leader in commercial and residential title and escrow services, distinguished itself during the height of the COVID-19 pandemic by promoting and providing protective measures for its clients and its employees. At the same time, Clear Title continued its commitment to community support despite a pandemic that affected every spectrum of the economy.
Examples of Clear Title’s leadership:
- Community support: Clear Title donated more than 250 hours of marketing support to the Boys and Girls Clubs of the Valley to assist with communication efforts. The facilities stayed open while others were closed and provided critical childcare needs, food and counseling go essential employees across the Valley.
- Client support: Clear Title agents implemented curbside signings and utilized mobile notaries to protect people from gathering indoors while signing closing documents.
- Employee support: Clear Title offered its employees the flexibility to work from home if they had children who were out of school or had family/loved ones who were older or at-risk of contracting the virus. Early in the pandemic, when testing availability was limited, Cleat Title provided an arrangement with a private practice physician to provide testing to at no cost to all employees.
“From the start we were all in this together and did so many things to protect the more vulnerable people in our community as well as our clients and ourselves,” said Clear Title CEO Bart Patterson. “Clear Title takes the health and wellness of our people, clients and community very seriously. We decided to lead the way by taking preventive actions to keep our families and clients safe.”
Additional community support included hosting a PPE drive for Valleywise Health utilizing the seven Valley Clear Title locations as drop-off points; donating over $16,000 to the Northern Arizona community housing fund to help provide affordable housing and payment assistance in Flagstaff; and donating more than $10,000 to Valleywise Health to assist with COVID response efforts.
“Early in the pandemic, Clear Title was one of the first companies to reach out and ask ‘how can we help?’ ” said Nate Lowrie, CEO of Valleywise Health Foundation. “At that time, the front-line responders needed PPE and Clear Title stepped up allowing us to use their offices Valley-wide as donation centers. They also made significant financial contributions that helped provide care to vulnerable populations across our community.”
Additional client support included implementing clean room policies to ensure a safe environment for clients when signing documents; and offering a mobile app, which enables real estate agents and buyers to send earnest money deposits via a mobile device instantly, securely and at no additional cost.
CTA curbside signing of title documents.
ABOUT CLEAR TITLE AGENCY OF ARIZONA
Locally owned and operated, Clear Title Agency of Arizona provides full-service residential and commercial title and escrow services with multiple locations across the Valley and in Flagstaff. The company has been recognized by Inc. 5000 Fastest Growing Companies and Phoenix Business Journal’s Best Places to Work numerous times and ranks in the top 1% of all First American agents nationally. For more information, visit cleartitleaz.com.
by Peter Madrid | Jun 10, 2021 | News & Updates
PHOENIX, ARIZONA (June 10, 2021) – The sale of 7 acres of land and the sale of four office buildings totaling $2.47 million highlight recent deals closed by NAI Horizon professionals. The land sale alone fetched $1.075 million.
Sale Transactions:
Mark Wilcke negotiated the sale of 7.06 acres of land representing the seller, Kuma Development, LLC & Chris Walsh & Crossing Development, Inc. for $1.075 million. The property is located at 15660 W. Illini St., and 3740-3790 S. 156th Ave., Goodyear, AZ. The buyer, ACP Estrella, LLC was represented by Pat Harland with JLL.
Don Morrow and Dylan Whitwer negotiated the sale of a 5,317 SF office building representing the buyer, Kings Ranch Enterprises, LLC for $475,000. The property is located at 6641 S. Kings Ranch Road, Gold Canyon, AZ. The seller, Arizona Bank & Trust was represented by Nathan Pancrazi with Keyser.
Troy Giammarco and Joe Pequeno negotiated the sale of a 2,290 SF office building representing the seller, 8700 Kelton Campus, LLC for $372,640. The property is located at 8765 W. Kelton Lane, Peoria, AZ. The buyer, MBH II, LLC was represented by Jeanette Bennett with Kidder Mathews.
Christopher Lewis negotiated the sale of a 2,178 SF medical office building representing both the buyer, August Cove Properties, LLC and the seller, Rick & Sharon Wilson for $275,000. The property is located at 10307 W. Missouri Ave., Glendale, AZ.
Matt Harper, CCIM negotiated the sale of an 871 SF office building representing the buyer, Thomas 1526, LLC for $275,000. The property is located at 1526 W. Thomas Road, Phoenix, AZ. The seller, Aaron Jackson was represented by Scott Bryant with KW Commercial.
Lease Transactions:
Matt Harper, CCIM represented the landlord, 13 Associates, LLC in a 120-month retail lease for 15,000 SF at 1539 N. Park Drive, Winslow, AZ. The tenant, Family Dollar, Inc. was represented by Kurt Kalocin with Christifulli Commercial Real Estate.
Kevin Higgins represented the landlord, Bogle Family Realty in a 62-month office lease for 5,554 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Suntree Snack Foods was represented by Chris Rogers and Trevor McKendry with Daum Commercial Real Estate.
Rick Foss represented the tenant, Buckeye International, Inc. in a 61-month industrial lease for 5,368 SF at 8399 W. Van Buren St., Tolleson, AZ. The landlord, CAM Holdings 2015, LLC was self-represented.
Chris Gerow, Shelby Tworek and Gabe Ortega represented both the landlord, CP6MF, LLC and the tenant, Matrysohka Group, LLC in a 63-month retail lease for 1,652 SF at 1840 E. Warner Road, Tempe, AZ.
Joe Pequeno and Troy Giammarco represented the landlord, SuoLL Holdings, LLC in a 63-month office lease for 787 SF at 1300 E. Missouri Ave., Phoenix, AZ. The tenant, Timothy J. Holly, CFP was represented by Eric Bell with Kidder Mathews.
Troy Giammarco and Joe Pequeno represented the landlord, Preach Building Supply in a 12-month office lease for 4,000 SF at 651 N. Jack Rabbit Trail, Buckeye, AZ. The tenant, OCM, was self-represented.
Matt Harper, CCIM represented the landlord, GGR Holdings, Inc. in a 38-month retail lease for 1,175 SF at 4024 E. Guadalupe Road, Gilbert, AZ. The tenant, Stella Posh, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 39-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, Yesenia Sanchez & Karina Quintanilla were self-represented.
Joan Krueger represented the landlord, Jade Lion, LLC in a 64-month retail lease for 566 SF at 9241 N. 6th St., Phoenix, AZ. The tenant, Hey Kat, LLC was represented by Markus Hochholzer with Patriot Commercial Properties.
Matt Harper, CCIM represented the landlord, MAZ Northern Plaza, LLC in a 24-month retail lease for 1,000 SF at 5008 W. Northern Ave., Glendale, AZ. The tenant, Li Hong Zhang was represented by Gary Tindle with LRA Commercial.
Matt Harper, CCIM represented the landlord, E & L Investments, LLC in a 12-month retail lease for 1,232 SF at 2647 W. Glendale Ave., Phoenix, AZ. The tenant, Azizi Mohamedi & Zawadi Yudes was self-represented.
Matt Harper, CCIM represented the landlord, Tempe Plaza, LLC in a 12-month retail lease for 1,200 SF at 4325 S. 48th St., Tempe, AZ. The tenant, Tierre Lotz was self-represented.
Joe Pequeno and Troy Giammarco represented the landlord, Dorothy Westfall in a 12-month office lease for 750 SF at 9303 N. 7th St., Phoenix, AZ. The tenant, Kinetic LMT, LLC was self-represented.
Matt Harper, CCIM represented the landlord, 2021 Plaza, LLC in a 7-month retail lease for 1,045 SF at 205-231 S. Mountain Ave., Springerville, AZ. The tenant Nathaniel W. Steele was self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI
Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
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by Peter Madrid | Jun 9, 2021 | News & Updates
PHOENIX, ARIZONA (June 9, 2021) – NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the seller in the $17.5 million investment sale of Envy Self-Storage & RV in Gilbert, Arizona.
The Nunez Self Storage Group represented the seller, Arizona entity 202 Storage, LLC. The buyer was JLL Arizona Self Storage, LLC, also an Arizona entity.
The current asset totals 127,745 NRSF and 757 units. It includes a mix of standard drive-up units, climate-controlled units, covered parking spaces and uncovered parking spaces. The sale included an in-progress expansion of the RV parking, which will add 39 covered spaces and three uncovered spaces. The asset is at 18612 S. Lindsay Road in Gilbert.
“This was an off-market deal where the Nunez Self Storage Group identified the property for a California 1031 Exchange buyer. The owners had not planned to sell. However, this showstopper facility commanded an above-market offer which presented the owners with a unique selling opportunity,” Nunez said.
Envy Self-Storage & RV is located at Lindsay and Germann roads in one of the Valley’s fast-growing municipalities. It features boat and RV storage and is located near major highways in the bustling Southeast Valley.
Property amenities include 24-hour security monitoring, covered loading and unloading, electronic gate access, a fully fenced and well-lit yard, and ground-level units.
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 | Jun 7, 2021 | News & Updates
PHOENIX, ARIZONA (June 7, 2021) – The Phoenix Kidder Mathews healthcare team continues to capitalize on the robust medical office building market in the West Valley, representing the sellers in the disposition of three assets in the second quarter of 2021 totaling $32.85 million.
Kidder Mathews sold the properties within six weeks of each other after getting them each to, at least, 97 percent occupancy. Two were conversions to medical; one was a single-story, garden-style medical office campus.
The team of Senior Vice President Michael Dupuy and Vice President Rachael Thompson represented the sellers in each instance.
“All three of these projects are strategically located with great drive-up and building signage options,” Thompson said. “The medical market is seeing an increase in the demand for buildings like these: excellent payor mix, easy access to main roads/freeways and well maintained. Patients and tenants gravitate to buildings like these.”
A noteworthy trend is the conversion of retail centers to medical office. Last year Kidder Mathews started the process of leasing up Cornerstone Medical Center, a 20,235 SF repurposed Maytag appliance store in Goodyear on behalf of Whiteboard Development.
Within 14 months, the project was fully leased with tenants competing for the final spaces. Tenants included Cigna, ResCare, Valley Sleep Center and the Center for Autism and Related Disorders (CARD). The project was built by Colin Brown of Whiteboard Development Co., his third retail-to-medical office conversion project in Greater Phoenix.
“Identifying soft spots in the market is one thing, but you have to do your homework upfront on the physical asset itself because not every retail or office property is equipped to be a medical office building,” Brown said.
The asset is strategically located in Goodyear, one of the West Valley’s fastest-growing communities. It offers a quick two-minute drive to the I-10 freeway, providing easy access to housing, entertainment and retail.
The Abrazo West Campus is located within walking distance and the project is not encumbered with any use restrictions.
“The buyer profiles for each of these deals were unique. The buildings, however, were more similar in the fact they were all located in the West Valley, well-designed and well-leased. We’ve seen strong interest from investors that historically owned other product types,” Dupuy said. “Demand is high for medical office. An aging and growing population in Metro Phoenix continue to support this. There’s more to come.”
The deals:
- Cornerstone Medical Center, 20,235 SF, $7.65 million, Goodyear, Arizona;
- Talavi Medical Plaza, 35,893 SF, $10 million, Glendale, Arizona;
- Thunderbird Palms, 52,013 SF, $15.25 million, Glendale, Arizona.
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.
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by Peter Madrid | Jun 2, 2021 | News & Updates
PHOENIX, ARIZ. (June 2, 2021) – Celebrating its fifth anniversary in 2020, RestorationHQ, a damage restoration services firm, showed its resiliency by achieving 31 percent growth in volume despite the COVID-19 pandemic.
“The growth was a result of well-trained and properly qualified technicians and a management team that stepped up and committed to the needs of our clients when they were facing loss and uncertainty during the pandemic,” said Owner Sergei Guk. “COVID cleanings contributed to, but were only a small part (8 percent) of, our growth.”
RestorationHQ Owner Sergei Guk
RestorationHQ is an emergency services contractor with services that include emergency response and mitigation from water intrusions and fire damage; mold remediation; asbestos abatement; hazmat/bio-cleaning services; post-mitigation reconstruction and other building-related emergency issues.
RestorationHQ did not use the pandemic as an opportunity to go out and start doing new services. Instead, it chose to use the time to refine and develop its internal structure and processes and strengthen its partnerships, Guk said.
“We started this company to elevate the industry beginning with, and always returning to, the experience of the people we serve,” Guk said. “With us, you’ve got a crew of people who’ve joined your team – not just another vendor. We care about your loss like it’s our own.”
After two years of operation, RestorationHQ generated $2.5 million in revenue in 2017. In March 2018, Guk completed a management buyout with a business partner that total increased to $3 million in 2018. Last year, RestorationHQ witnessed $5 million in revenue.
The company is anticipating further growth (20 percent) in 2021 with a restructured marketing and sales team to adjust to the new times post-COVID as well as initiate growth in the new markets. The entire team has been redesigned beginning with the addition of Brandie Hopwood as Director of Business Development, Sales and Marketing, according to Guk.
RestorationHQ also hired five additional team members who service their own unique verticals in current markets based on their specialty.
“We are targeting the national market space,” Guk said about the company’s growth. “We hired a business coach (Michael Erath with Next Level Growth) and have initiated a plan to structure the company for multistate work.”
Guk said that includes writing and testing the brand manual, cultivating relationships outside of Arizona to allow for expansion into new markets, and starting additional entities that will ultimately support the franchise model for all its needs.
RestorationHQ holds more than 20 current certifications, trainings, and safety courses including the IICRC (the Institute of Inspection, Cleaning and Restoration Certification, the certifying body for the inspection, cleaning and restoration industry), AHERA Accreditation (Asbestos Hazards Emergency Response Act), EPA, OSHA, and other governing bodies responsible for compliance regulation and continued education.
For more information visit www.RestorationHQ.us.
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by Peter Madrid | Jun 1, 2021 | News & Updates
PHOENIX, ARIZ. (June 1, 2021) – For the Central Arizona chapter of CCIM, it was an opportunity to once again network in person while at the same time, and more importantly, give back to the community.
More than 20 members of the chapter gathered in May to volunteer at Feed My Starving Children in Mesa. During its 2-hour shift, the Central Arizona chapter of CCIM packed 60 boxes.
That represented 12,960 meals that will feed 34 kids for one year.
Many of the chapter members brought their own children and families. They gathered after the event for an in-person get-together.
“It’s an incredible experience to join together for an event like this, knowing you’re impacting the lives of so many children,” said chapter President Todd Hamilton, CCIM, SIOR, with Citywide Commercial. “I’m so proud to be a part of the Central Arizona CCIM chapter. The best and brightest commercial real estate professionals working side by side for a great cause.”
Feed My Starving Children is a nonprofit organization dedicated to seeing every child whole in body and spirit. It works with food distribution partners that stay with communities for the long term, empowering them to move from relief to development.
Feed My Starving Children meals are developed by food science and nutrition professionals to supplement nutritional needs and reduce problems with malnutrition. The organization estimates that at least 6,200 children die each day from causes related to undernutrition.
May’s chapter gathering is just one of many in-person events it is planning for the remainder of 2021.
For more information on the chapter, visit centralazccimchapter.com
The tally board for the Central Arizona CCIM chapter team.
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.
