by Peter Madrid | Apr 27, 2021 | News & Updates
PHOENIX, ARIZ. (April 27, 2021) – NAI Horizon represented the seller in the $1.65 million disposition of a building in Mesa, Arizona, that formerly housed a long-standing national tile retailer that went out of business.
NAI Horizon Senior Vice President John Filli, SIOR, represented the Peter & Phyllis Eichman Trust of Green Valley, Arizona, in the sale of the former “A World of Tile” building at 2121 S. Power Road, in Mesa.
The +/-14,060 SF asset sits on +/-1.43 acres of commercial land adjacent to a Big O Tire Sales & Service Center to the north that was constructed on +/-.821 acres of land purchased from the Peter & Phyllis Eichman Trust by STR LLC on June 24, 2013.
The former tenant filed bankruptcy and vacated the building prior to it being offered for sale, which resulted in the cancelation of a 10-year lease.
“Having to deal with the impact of the bankruptcy liquidation process, the COVID-19 crisis, and the December 27, 2020, death of Dr. Peter Eichman, made the close of escrow considerably more difficult than anticipated,” Filli said.
The AWOT building is located in one of the most desirable retail trade areas in the Southeast Valley at the NEC of Power Road and Kiowa Avenue. It is adjacent to the former VF Factory Outlet Center and less than one mile south of the Superstition Springs Mall.
The buyer, KFH 2121 Power Road LLC of Phoenix, was represented by Aaron Klusman with Camelback Partners.
“In looking back at the challenges I faced to successfully complete the deal, I am reminded of an inspirational poem that hung on the office wall of golfing great Arnold Palmer,” Filli said. “He read the poem at the start of each day, serving as a source of inspiration, courage and motivation. It started out ‘If you think you are beaten, you are. … If you think you’ll lose, you’ve lost.’ It ends ‘Life’s battles don’t always go to the stronger or faster man, but sooner or later the man who wins is the man who thinks he can.’”
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 27, 2021 | News & Updates
SCOTTSDALE, ARIZ. (April 27, 2021) – Just in time for the summer resort season, the W Scottsdale, a premier Valley hotel, has undergone a $3 million remodel that included a complete gutting of the second-floor entertainment areas surrounding the pool.
Sigma Contracting, Inc., performed the work, which involved the creation and expansion of entertainment areas surrounding the rooftop pool, including new bars and specialty seating areas.
One of the new spaces at W Scottsdale, 7277 E. Camelback Road in Scottsdale, is the Cottontail Lounge, which was designed by Cawley Architects, the architect of record. It is described as a “sophisticated space for breakfast, lunch or late-night cocktails.”
The project called for a unique and creative design with a variety of similarly unique materials to provide for an increased indoor/outdoor air-conditioned entertainment space. The remodel was required to be completed while providing continued pool access for guests. COVID-19 presented its own complications working in an environment with both guests and construction workers present.
“Sigma was excited to be part of the beautiful update to a distinctively elegant facility in Old Town Scottsdale,” said Sigma President Dan Hinkson. “This is a space that will be utilized not only by out-of-town visitors, but also by the local public as well for a variety of special events and meet-ups. We ourselves look forward to enjoying the newly-created environment.”
Notable subcontractors include Sea-Tec Electric (electrician), Universal Piping (plumbing), Envision Flooring (flooring), and MCI Woodwork (millwork).
Built in 2008 and owned by Stockdale Capital Partners, W Scottsdale features 224 guest rooms and 27 suites.
ABOUT SIGMA CONTRACTING INC.
Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.
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by Peter Madrid | Apr 26, 2021 | News & Updates
PHOENIX, ARIZONA (April 26, 2021) – The sales of a 25-acre RV park in Tucson, Arizona, and 4.63 acres in Safford, Arizona, totaling $4.57 million highlight recent deals by NAI Horizon professionals.
Sale Transactions:
Andrew Warner negotiated the sale of a 25-acre RV park representing both the seller, Desert Trails Land Holdings, LLC and the buyer, Desert Trails RV Park, LLC for $4.5 million. The property is located at 3551 San Joaquin Road, Tucson, AZ.
Christopher Lewis negotiated the sale of 4.63 acres on land for $70,000 representing the seller, JFP Development, LLC. The property is located at 20th Avenue and Golf Course Road, Safford, AZ. The buyer, Zihau, LLC was self-represented.
Lease Transactions:
Laurel Lewis represented the tenant, Trustaff Travel Nurses, LLC in a 65-month office lease for 6,331 SF at 16100 N. Greenway-Hayden Loop, Scottsdale, AZ. The landlord, KWC Greenway-Hayden Loop, LLC was represented by Michael Stritmatter with Cushman & Wakefield.
Laurel Lewis represented the tenant, RPI Consultants, LLC in a 66-month office lease for 1,952 SF at 2901 N. Central Ave., Phoenix, AZ. The landlord, Phoenix, Plaza PT, LLC was represented by Pat Boyle with Cushman & Wakefield.
Dylan Whitwer and Laurel Lewis represented the tenant, Stephen W. Johnson, DDS, PLLC in a 61.5-month office lease for 2,053 SF at 15730 N. 83rd Way,
Scottsdale, AZ. The landlord, T & B Properties of Arizona, LLC was represented by Randy Shell, John Quartinin and Suzanne Enright with Shell Commercial.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, RDEV Ranch, LLC in a 60-month retail lease for 1,307 SF at 1134 S. Stapley Drive, Mesa, AZ. The tenant, Eleazar Ruiz Lopez and Sofia Pedro was self-represented.
Jay Mininberg, J.D. and Thomas Bean, CCIM represented the landlord, 3402 N. 36th St., LLC in a 37-month office lease for 1,412 SF at 3402 N. 36th St., Phoenix, AZ. The tenant, Cactus Literacy Center, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 38-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, Cuddly Creations, LLC was self-represented.
Matt Harper, CCIM represented the landlord, Cameron 2, LLC in a 12-month office lease for 897 SF at 4636 N. 32nd St., Phoenix, AZ. The tenant, Money Muscle, LLC was self-represented.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions and a gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more visit www.naiglobal.com.
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by Peter Madrid | Apr 20, 2021 | News & Updates
Land Advisors Organization’s Metro Phoenix homebuilding team facilitated the deal, sees Build-to-Rent popularity continuing, growing beyond state with consumers and institutional capital.
SCOTTSDALE, ARIZONA (April 21, 2021) – Land Advisors Organization’s Metro Phoenix Homebuilding team is pleased to announce the closing of a land sale in the bustling West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8 million for 21 acres, which will be developed into a single-family Build-to-Rent community. It will be the fourth such development in the West Valley for The Empire Group of Companies.
The project, Village at Paseo de Luces, is planned for approximately 272 units at the E-NEC of 99th Avenue and Van Buren Street in Tolleson, Arizona. The Empire Group of Companies plans to offer single-family, rental homes ranging in size from +/-700 to 1,300 square feet in 1-, 2- and 3-bedroom floorplans. Land Advisors Organization’s homebuilding team of Bret Rinehart and Ryan Semro represented the buyer in the transaction.
“The West Valley is one of the most active markets in Metro Phoenix. With this land purchase, The Empire Group of Companies is eager to develop another exciting single-family, Build-to-Rent community, this one in Tolleson,” Rinehart said. “The metropolitan Phoenix area is ground-zero for the single-family Build-to-Rent concept. Although it’s been well-known in the market and we’ve helped groups like Empire find land for their communities over the past decade what we are seeing today is a new level of popularity from consumers, which is causing enormous interest from builders and investors looking to either grow their market share or break into it in Arizona as well as other growing areas.”
The Empire Group intends to break ground shortly and expects approximately 12 months for construction of the project. The Empire Group of Companies has developed a trio of single-family build-for-rent communities in the West Valley – Village Harvard Crossing in Goodyear; Village Pioneer Park in Peoria; and Village Olive Marketplace in Glendale.
“With markets like Arizona, Atlanta, Charlotte, Orlando, Tampa, Houston and Dallas experiencing high population growth, the Build-to-Rent concept has become a great option for consumers who are new to an area, or for those transitioning from apartment living to a home but need to take this initial step as they wait for more inventory or pricing to stabilize,” said Rinehart. “And, with more capital groups opening up to the notion of financing these projects, we’re seeing a massive surge in interest on the builder and developer side.”
“In metropolitan Phoenix in particular, the Build-to-Rent space has reached an inflection point where institutional investors are viewing these opportunities on a large, programmatic scale,” said Rory Hansen, western regional director for Land Advisors Capital located in Scottsdale, Arizona. “With land values and construction costs rising in Arizona and across the region putting continued pressure on retail homebuyers, Build-to-Rent communities are becoming an attractive asset class.”
Land Advisors Organization’s Metro Phoenix homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities throughout Arizona.
“In the last several years institutional investors have recognized the Build-to-Rent strategy as viable and have thus become more interested in diversifying their portfolios with these assets, said Michael Zarola, managing director with Land Advisors Capital located in Austin, Texas. “Nationally, we’re finding that capital groups generally fall into one of two categories when it comes to Build-to-Rent: investing as a general partner with a regional or public homebuilder who has purchasing power, subcontractors and a good knowledge of the local market; or as a limited partner often with a multi-family builder/developer/operator who maintains the operational expertise to manage the asset. There are different risks and benefits to each, so the “right fit” is critical.”
About Land Advisors Organization
Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
About The Empire Group of Companies
For more than 40 years, the Empire Group has been at the forefront of residential and commercial real estate development. The company was founded in Milwaukee, Wisconsin, in the 1970s by Richard J. Felker. His goal was to create innovative structures and communities in a dynamic, fast-growing market that embraced the American spirit of risk-taking and entrepreneurialism. Phoenix proved to be a perfect fit for his vision. Within a few years, he moved the firm to Arizona. The company is now based in Scottsdale. Forty years later and within a market that added 2.5 million new residents during this time period, Empire has become one of the leading real estate development firms in the Valley. It has developed and/or managed more than $1.5 billion in assets while carefully stewarding the hard-earned capital of more than 2,000 unique investors. For more visit builtbyempire.com.
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by Peter Madrid | Apr 20, 2021 | News & Updates
PHOENIX, ARIZ. (April 20, 2021) – NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the seller and secured the buyer in the $8.135 million investment disposition of Huntley Self Storage/Huntley Industrial Condominiums in Huntley, Illinois.
The Nunez Self Storage Group, working with the local NAI Hiffman office, represented the seller, Gerald Bernat/Bernat Development Company of Key West, Florida. The buyer was Elmdale Ventures LLC of Skokie, Illinois.
The assets are located at 11181, 11245, 11241, and 11221 Giordano Court in Huntley, a part of the Metro Chicago area.
“The acquisition was a value add investment opportunity which will enable the buyer to expand their presence in the market, adding to their existing location, while providing an opportunity to convert some of the existing RV spaces at the Huntley Self Storage site for much needed additional self-storage units,” Nunez said.
The acquisition includes 460 units, of which 149 are outdoor parking totaling 48,600 NRSF. A warehouse consisting of approximately 26,000 NRSF was also part of the sale.
Nunez specializes in self-storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the U.S.
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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.
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 20, 2021 | News & Updates
PHOENIX, ARIZ. (April 20, 2021) – CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender in Arizona among 7A and 504 firms after the fiscal year 2021 second quarter.
The Arizona district office of CDC, which was named the state’s SBA 504 Lender of the Year for the third straight year in 2020, closed 55 loans totaling $49.67 million. The No. 2 lender was far behind with 40 loans totaling $22.4 million.
The fiscal year 2021 2Q rankings are from October 1, 2020, through March 31, 2021.
“Interest rates remain low, buyers are prequalified and lack of commercial real estate inventory is driving the increases we see of ground-up construction loan requests,” said Belinda Rosthenhausler, CDC Small Business Finance Vice President, Commercial Lender for Arizona and Nevada.
“Business owners are currently capitalized and contacting their banker to discuss purchasing commercial property versus renewing their lease. Market lease rates are continuing to increase and the SBA 504 loan program allows companies to stabilize their real estate requirement long term with a minimal 10 percent down,” Rosthenhausler said.
In the Arizona district office third-party lender rankings for the same period, JP Morgan Chase Bank was the No. 1 lender with $14.3 million; First Fidelity Bank was No. 2 with $11.3 million; and Midfirst Bank was No. 3 with $9.4 million.
CDC Small Business Finance was recognized among all SBA 504 lenders in the state last year for the greatest loan production and impact in Arizona.
Bane and the Phoenix CDC office have helped local small businesses including Lo-Lo’s Chicken and Waffles and BBQ Island. For non-real estate financing, CDC Small Business Finance offers a portfolio of working capital loan options.
The Phoenix office comprises Chris Bane, Vice President, Senior Commercial Lender Bane and Rosthenhausler.
For more information and current rate, visit cdcloans.com.
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by Peter Madrid | Apr 19, 2021 | News & Updates
PHOENIX, ARIZONA (April 19, 2021) – A collaborative effort of experience, tenacity and creativity played a role as NAI Horizon’s Church Realty Solutions practice negotiated three deals totaling $3.8 million, “linking real estate to ministry.”
NAI Horizon Senior Vice President Thomas Smith helps churches acquire new buildings, lease part or all of their existing facilities, repurpose buildings to accommodate places of worship, consolidates and assists with the sale and disposition of properties and facilities for churches of all sizes and styles.
Smith represented the seller, Gloria Dei Evangelical Lutheran Church in Paradise Valley, Arizona, in the $2.41 million disposition of the iconic church at 3539 E. Stanford Drive. The buyer was investor HOH PV LLC of Phoenix.
In a second deal involving the asset, Smith represented the landlord, HOH PV LLC, in a long-term lease totaling $653,964 for a new tenant, Blessings Community Church of Scottsdale, Arizona.
“We were truly blessed in finding a buyer who appreciated the historical significance of the church architecture and wanted to preserve it but also understood the uniqueness and value of the site itself,” Smith said. “Additionally, our buyer worked to respect the hopes of the Church Board that we locate another church who would equally value the property as a future tenant. Blessings Community Church was the perfect tenant with the objective to expand and celebrate their one-year anniversary as a new church in the Valley.”
Waseem Hamada of Venture REI represented HOH PV LLC in the first deal. Lorence Zimtbaum of Paramount Ventures Realty Group represented Blessings Community Church in the second deal.
“The historical significance and reverence of our church is held in high esteem by past and present members. It was not emotionally easy to let go of our beloved property,” said Dr. David Alexander, Vice President of Gloria Dei Evangelical Lutheran Church. “It was important to our Pastor, Church Council and leadership team that we select a broker who was sensitive and empathetic to the feelings and desires that went with the departure of the church property.”
“We also needed a highly capable broker with a diversified resume that demonstrated expertise in the strategic positioning and sale of church properties. Thomas also offered us a fully integrated strategic sales approach and superb marketing platform that coincided with our sales objectives. We also had a desire that our broker would understand our wishes that the future owner of our church property be another faith community if possible. Our wishes were fulfilled,” Dr. Alexander said.
Built in 1972, Gloria Dei Evangelical Lutheran Church was designed in 1966 by renowned Phoenix architect Bennie Gonzales, FAIA.
“Thomas’ experience enables him to see the church real estate business from all angles,” said NAI Horizon Designated Broker/CEO Terry Martin-Denning. “This provides his clients an extraordinary level of service. For NAI Horizon it provides a strategic advisor for all things church real estate related.”
In a separate deal for the Church Realty Solutions practice, NAI Horizon represented the buyer in the sale of a commercial office flex building in Scottsdale that will serve as a multi-media facility for Trinity Church, also in Scottsdale.
Smith represented Trinity Church in the $740,000 purchase of 14201 N. Hayden Road, #C-2, in Scottsdale. The building totals 3,340 SF and sits on .31 acres.
Trinity Church plans to utilize and expand the many features built into the facilities, particularly a studio for recordings and presentations of its ministries and development programs.
The sellers, Brad and Lori White of Scottsdale were represented by Tim Whipple of Hub Commercial.
“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said.
The interior of Gloria Dei Evangelical Lutheran Church in Paradise Valley, Arizona.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.
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 19, 2021 | News & Updates
HERNDON, VA (April 19, 2021) – NAIOP, the Commercial Real Estate Development Association, has selected Margarita Effron as a recipient of its annual Diversity Student Scholarship.
The scholarship program supports students who are pursuing a graduate degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.
“NAIOP is pleased to support this talented student in achieving her professional goals with our Diversity Student Scholarship program,” said Thomas J. Bisacquino, NAIOP president and CEO. “We recognize the tremendous value in investing in the next generation of commercial real estate leaders and advancing a more diverse industry. As this rising star fulfills her enormous potential, her career will serve to inspire others.”
NAIOP is awarding four $5,000 graduate student scholarships to individuals from demographics that are traditionally underrepresented in commercial real estate and whose universities are part of the NAIOP University Membership program.
Effron is a graduate student in the Master of Real Estate Development (MRED) program at Arizona State University and a member of NAIOP Arizona. She is also enrolled in the ASU REIT Portfolio Practicum, a student-run investment course with $500,000 of real capital. In this role, she analyzes, underwrites publicly traded U.S.-based REITs and makes investment decisions that best serve long-term profitability objectives.
She previously worked as a law clerk for Pacifica Companies, a privately held and operated real estate investment company based in San Diego. In this role, she supported in-house counsel in providing general legal advice to the entities within the company, reviewed state laws on zoning and land use to address development-related issues.
In addition to the scholarship, each scholarship recipient will have the opportunity to make new professional connections and sharpen his or her commercial real estate acumen with complimentary registration to attend NAIOP’s CRE Converge 2021, September 26-29, in Miami Beach, Florida.
To learn more about NAIOP’s strategic initiatives to advance diversity, visit naiop.org/diversity.
About NAIOP
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 14, 2021 | News & Updates
PHOENIX, ARIZONA (April 14, 2021) – NAI Horizon elevated six professionals to new leadership roles, promotions that honor and highlight each individual for their commitment and dedication to the success of the firm in the midst of a trying year.
Denise Nunez and Russ Warner were promoted to Managing Director; Lane Neville and Mark Wilcke were promoted to Executive Vice President; and Matt Harper, CCIM, and Mike Myrick, CCIM, were elevated to Senior Vice President.
Nunez, who has been with NAI Horizon for 6 years, leads the Nunez Self Storage Group. She possesses more than 27 years of self-storage expertise and $210 million in total sales. She was the Top Producer for 2018 at NAI Horizon and has been in the Top 10 the past three years, finishing in the No. 2 spot in 2020.
Since 2010 she has helped numerous owners with the acquisition and disposition of self-storage investment properties. Her focus includes key market site selection for new self-storage development opportunities.
Warner has been with NAI Horizon for almost 8 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 development of these property types.
Neville has been with NAI Horizon for 10 years. He is the brokerage team leader for the Investment Services Group (ISG) and the Special Asset Solutions group (SAS). In 2020 he was NAI Horizon’s No. 1 income producer, He also closed the firm’s largest transaction that year. Neville has been a Top 10 producer at NAI Horizon the past 9 years.
“I’m proud to be an integral part of the company’s growth,” Neville said. “We worked hard last year in a difficult time, still 2020 resulted in another year of profitability and dividend payments to shareholders.”
Wilcke has been at NAI Horizon for 27 years. He specializes in industrial and land buyer and landlord representation. He is a perennial Top 10 producer, including for 2020. He finished at No. 4.
“For all of us, these promotions are validation that dedication to hard work and a client-driven focus ultimately leads to success,” Wilcke said.
Harper, CCIM, has been with NAI Horizon for almost 4 years. He is a member of the Retail Properties Group with a focus on leasing and sales. He finished 2020 as NAI Horizon’s No. 5 Top Producer. In 2019 he closed the most deals in the office with 61.
Myrick, CCIM, has been with NAI Horizon for almost 2 years. He specializes in leasing and sales of office and industrial properties. Myrick has been involved in more than 500 MSF of agency leasing transactions and more than $1 billion in leasing and investment sales transactions. He currently acts in an advisory capacity to a large national financial institution and has also worked for one of the largest private equity funds.
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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions thro
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 8, 2021 | News & Updates
PHOENIX, ARIZONA (April 8, 2021) – NAI Horizon represented both the seller and the buyer in the $4.5 million disposition of Desert Trails RV Park in Tucson, Arizona.
NAI Horizon Manufactured Housing Specialist and First Vice President Andrew Warner represented the seller, Desert Trails Land Holdings LLC, of Tucson, and the buyer, Desert Trails RV Park LLC, of Phoenix.
The asset sits on 25 acres at 3551 San Joaquin Road in Tucson.
“Desert Trails RV Park is one of Tucson’s most unique RV Parks,” Warner said. “The park is adjacent to a protected desert preserve and hiking trails while still just a 10-minute drive from Downtown Tucson. Desert Trails has always had a large waitlist and has hosted a variety of musical performances from popular artists throughout Tucson.”
Built in 1979, Desert Trails RV Park features 230 full hookups. Amenities include a 35-foot observation deck offering mountain and sunset views; a library with more than 3,000 books and a reading patio; a cacti and art garden; four bocce ball courts; a mountain bike obstacle course; a dog run; an art/photo gallery; and an aerobics building.
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 375+ 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 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. NAI Global completes in excess of $20 billion in commercial real estate deals.
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.
