by Peter Madrid | Apr 8, 2021 | News & Updates
PHOENIX, ARIZ. (April 8, 2021) – The Central Arizona CCIM Chapter is making it easy for industry professionals to stay ahead of changing technology, market conditions and government regulations by taking a Ward Center workshop for real estate studies.
Real estate remains one of the largest contributors to gross domestic product across the globe. Whether it’s changes in the economy, the local market, or government programs and regulations, real-time information from the industry’s most renowned thinkers and practitioners is crucial.
Non-members taking the first workshop course will receive 2021 Chapter membership free. This will allow participants Central Arizona CCIM Chapter member pricing on all courses, events and socials.
The first workshop course, “Lease Modification Strategies & Solutions” will be held virtually from 9 a.m. to noon on Friday, April 30. Additional workshop courses are scheduled for August 15 and November 12.
As a result of the COVID-19 pandemic, mandatory closures and restrictions for businesses across the globe have severely impacted their ability to generate revenue, increasing the possibility of lease default. While the inability of tenants to pay rent greatly concerns commercial real estate professionals – especially in the retail and office sectors – much-needed mutually beneficial solutions are needed.
Instructors for the April 30 workshop course are Lydia Bennett, CCIM, CRE West Coast President and Soozi Jones Walker, CCIM, Commercial Executives RE Services President.
The course is also approved for 3 hours of General CE Credit (students will be emailed on the first day of the course with the CE documentation resources that they will need to complete in order to secure CE).
Registration fee is $55 for members and $175 for non-members (who will also receive a complimentary 2021 Central Arizona CCIM Chapter membership).
Register here.
To earn the Certified Commercial Investment Member (CCIM) designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate. Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.
About 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.
by Peter Madrid | Apr 7, 2021 | News & Updates
PHOENIX, ARIZONA (April 7, 2021) – Four sales totaling $4.2 million for two buildings in Glendale, one building in Phoenix and 5 acres of land in Mesa, highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Christopher Lewis negotiated the sale of an 11,700 SF office building representing the seller, Rick & Sharon Wilson for $2 million. The property is located at 7800 N. 59th Ave., Glendale, AZ. The buyer, EMPACT – Suicide Prevention Center, was represented by Kevin Lange with Reveal Concepts Company.
Matt Harper, CCIM, negotiated the purchase of a 3,105 SF retail building representing the buyer, KEMAD, LLC for $1.1 million. The property is located at 5907 W. Bethany Home Road, Glendale, AZ. The seller, 5907 W. Bethany Home Road, LLC was represented by Dave Lucas with Capital Pacific.
Mark Wilcke negotiated the sale of 5.18 acres of land representing the seller, Stehly Family Trust for $860,000. The property is located at NEC Mountain and Pecos roads, Mesa, AZ. The buyer, Sonoran Desert Property Holdings, LLC was represented by Matt McDougall with Lee & Associates.
Christopher Lewis negotiated the sale of a 4,000 SF industrial building representing the seller, Goldberg Acquisitions IV, LLC for $242,500. The property is located at 1838 E. Jackson St., Phoenix, AZ. The buyer, Tim & Lisa Corcoran was represented by Jennifer Michaels with Hague.
Lease Transactions:
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Desert Fire Subs 9, LLC in a 120-month lease for 1,295 SF at 6920 E. Baseline Road, Mesa, AZ. The landlord, KVC Investors, LLC was represented by Jack McAndrew with Newmark Knight Frank.
Joe Pequeno and Troy Giammarco represented the landlord, Matthew B. Luxenberg Living Trust in a 36-month office lease for 3,436 SF at 1717 W. Northern Ave., Phoenix, AZ. The tenant, Second Church of Christ, Scientist was represented by Earle Shroyer with Realty Executives.
Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, Dove Valley, LLC in a 60-month retail lease for 2,401 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, L & T Meats, LLC was represented by Cole Schilne with Keyser Commercial Real Estate.
Laurel Lewis represented the tenant, Illuminar PLC in a 62-month office lease for 1,472 SF at 8700 E. Via de Ventura, Scottsdale, AZ. The landlord, Scottsdale 8700, LLC was represented by Chris Jantz with Cushman & Wakefield.
Matt Harper, CCIM, represented the landlord, Emad & Sons, LLC in a 60-month retail lease for 300 SF at 6205 N. 59th Ave., Glendale, AZ. The tenant, Nanokas, LLC was self-represented.
Matt Harper, CCIM, represented the landlord, Missouri Plaza, LLC in a 13-month retail lease for 1,000 SF at 4306 W. Missouri Ave., Glendale, AZ. The tenant, Rigoberto Lopez Jr. and Estrella Rosas Lopez was self-represented.
Matt Harper, CCIM, represented the landlord, Sayan 26 Investment Group, LLC in a 21-month retail lease for 1,200 SF at 4323 W. Cactus Road, Glendale, AZ. The tenant, Mohammad Al-Taee was self-represented.
Matt Harper, CCIM, represented the landlord, Sayan 26 Investment Group, LLC in a 60-month retail lease for 1,200 SF at 4323 W. Cactus Road, Glendale, AZ. The tenant, Maria Castillo & Ilma C. Milian 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 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.
by Peter Madrid | Apr 6, 2021 | News & Updates
PHOENIX, ARIZONA (April 6, 2021) – NAI Horizon elevated eight brokerage professionals – including three who finished as a Top 10 Producer for 2020 – to First Vice President, Vice President and Senior Associate, titles befitting their contributions to the NAI team during a tumultuous year in the commercial real estate industry.
Promoted to First Vice President were Tom Bean, CCIM; Michael Gaida; Troy Giammarco; Horth Hong; Mike Kumelski; and Andrew Warner. Promoted to Vice President was Joe Pequeno. Promoted to Senior Associate was Logan Crum.
Warner (No. 6), Kumelski (No. 8) and Giammarco (No. 9) finished among the firm’s Top 10 Producers for 2020.
Bean, CCIM, has been with NAI Horizon for 13 years. His primary focus is office properties representing both landlords and tenants. His focus is to proactively provide his clients with the highest level of professional service and satisfaction while meeting their objectives.
Hong has been with NAI for 12 years and is a member of the Retail Properties Group. Her expertise is in the leasing of neighborhood shopping centers, tenant representation, and repositioning properties through targeted marketing to identify tenants.
Warner has been with NAI for 7 years. He is a member of the Manufactured Housing Specialty Team along with his father, Russ Warner. Andrew Warner was 2020 Associate of the Year at NAI Horizon. He is a valued member of the team that has closed more than $85 million in mobile home park and RV park investment sales.
Gaida has been with NAI for 4 years. His primary area of focus is business brokerage. He has also helped clients with their retail and industrial leasing needs. Businesses sold have been in the industrial, manufacturing, commercial development, restaurant, and services industries.
Kumelski has been with NAI for almost 3 years and is a member of the Retail Properties Group. He possesses more than 22 years of industry experience and specializes in retail leasing, development, tenant representation and sales. His current focus is on the representation of regional and national tenants, as well as landlord representation for select clients.
Giammarco has been with NAI for 8 years. His expertise is in office tenant representation on a local, regional and national basis for international and national clients. He also works with landlords for institutional, national investor and private investment groups.
Pequeno has been with NAI for 2 years. His expertise is in office leasing. He and Giammarco are an office team at NAI Horizon.
Crum, who has been at NAI Horizon for 4 years, is a member of the Investment Services Group (ISG). He joined NAI in 2017 working as an intern in the Tucson office while he completed his education at U of A. After graduating he moved to Phoenix and continued working with NAI Horizon’s research department until joining ISG in early 2018. The ISG team specializes in the sale of multi-tenant office and retail properties throughout the Phoenix MSA.
Over the past four years, Crum has established relationships with local and national clients that are active in the western markets. The ISG team also focuses on land sales, site selection, and office leasing.
“Being a Senior Associate at NAI Horizon means a higher status within the brokerage community, but also with my clients,” Crum said. “It allows all of my clients to view me as an experienced member of the brokerage community. They know that I understand market dynamics, how to negotiate deals, and most importantly – trust my opinion more.”
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 5, 2021 | News & Updates
Land Advisors Organization’s Metro Phoenix homebuilding team facilitated the deals
SCOTTSDALE, ARIZONA (April 5, 2021) – Land Advisors Organization’s Metro Phoenix Homebuilding team is pleased to announce the closing of two land sales in the much sought-after West Valley of Metro Phoenix on behalf of KB Home Phoenix, Inc. The two sales total $9.2 million for 109 acres, which is being developed into new homes.
Most recently, KB Home acquired nearly 80 acres of land located at the NWC of Apache Boulevard and Southern Avenue in Buckeye, Arizona, for $5.85 million from MPC Mystic, LLC. The site, known as Mystic Vista, is planned for approximately 293 lots in this first phase. KB Home plans to offer a mix of single and two-story homes ranging in size from 1,300 to 2,900 square feet. Land Advisors Organization’s homebuilding team of Ryan Semro, Ben Heglie and Bret Rinehart represented the seller in the transaction.
In addition, KB Home acquired nearly 30 acres on the SWC of Elwood Street and 83rd Avenue in Phoenix for $3.4 million. The site is planned to accommodate approximately 133 new single and two-story homes ranging from 1,400 to 2,600 square feet. The sale was facilitated by Land Advisors Organization’s homebuilding team of Greg Vogel, West Campbell, Rinehart and Semro who represented the seller, a family trust.
“We currently have five new communities in the West Valley and are thrilled to be expanding our footprint and offering our personalized, new homes in these thriving sub-markets,” said Kevin McAndrews, President of KB Home Phoenix division. “Buckeye continually ranks as one of the fastest-growing cities the U.S. and we are proud to be a part of that growth.”
Construction of KB Home’s two new communities in West Phoenix is expected to begin mid-2021. The homebuilder’s current new home communities in the region include Oak Park and Marbella Park in Avondale, Encantada Estates and The Traditions at Verrado in Buckeye and The Traditions at Marbella Ranch in Glendale.
“We appreciate the opportunity to bring together sellers and buyers, like KB Home, especially when the West Valley is experiencing such exciting growth and the market is looking to be in need of new home lots for the foreseeable future,” Semro said. “As the area continues to grow, we are expecting a second phase of the same acreage, as in the Buckeye sale, to close in a little more than a year from now.”
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.
KB Home acquired nearly 30 acres on the SWC of Elwood Street and 83rd Avenue in Phoenix.
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 KB Home
KB Home is one of the largest and most recognized homebuilders in the United States and has been building quality homes for over 60 years. Today, KB Home operates in 45 markets across eight states, serving a wide array of buyer groups. What sets us apart is how we give our customers the ability to personalize their homes from homesites and floor plans to cabinets and countertops, at a price that fits their budget. We are the first builder to make every home we build ENERGY STAR® certified. In fact, we go beyond the EPA requirements by ensuring every ENERGY STAR certified KB home has been tested and verified by a third-party inspector to meet the EPA’s strict certification standards, which help to lower the cost of ownership and to make our new homes healthier and more comfortable than new ones without certification. We also work with our customers every step of the way, building strong personal relationships so they have a real partner in the homebuying process, and the experience is as simple and easy as possible. Learn more about how we build homes built on relationships by visiting kbhome.com.
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by Peter Madrid | Apr 5, 2021 | News & Updates
TUCSON, ARIZ. (April 5, 2021) – Terracon Consulting, Inc. is proud to announce dual honors garnered recently by Senior Staff Geologist Briana Li-Vidal.
Li-Vidal, who has been with the engineering consulting firm for 3 years, earned the title of Registered Geologist (R.G.) and was honored with Terracon’s 2020 Emerging Leader Award for the Rocky Mountain Division. Li-Vidal transferred to Tucson from Terracon’s Nashville office in 2019.
Li-Vidal’s responsibilities include planning, conducting and overseeing Phase I Environmental Site Assessments (ESAs); Phase II ESAs and Limited Site Investigations which include soil, soil vapor and groundwater investigations and subsequent site remediation; and underground storage tank (UST) removal and permanent closure assessments.
“Briana has been an absolutely fantastic addition to our team,” said Derek D. Koller, Principal, Office and Environmental Department Manager of the Tucson office. “Not only has she earned her Registered Geologist (R.G.) and the Rocky Mountain Division Emerging Leader award since transferring, Briana also championed a Terracon Foundation Grant for the Southern Arizona Research, Science and Engineering Foundation (SARSEF) and has been involved in their What do You Wonder? Program which is aimed at promoting STEM with middle-school girls. I am privileged to get to work with great employee-owners here in Tucson, and it is certainly a privilege to work with Briana.”
A native of Gainesville, Georgia. Li-Vidal was raised in Grand Rapids, Michigan. She received her B.S. in geosciences-geology from Middle Tennessee State University in Murfreesboro, Tennessee and earned her master’s degree in engineering in geological sciences from Cornell University in Ithaca, N.Y.
Li-Vidal is a member of the Southern Arizona Environmental Management Society, SARSEF and volunteers with Agua Clara Reach and Tucson Clean and Beautiful.
Away from the office she enjoys hiking local trails, learning new languages, and playing Ultimate Frisbee.
Terracon’s Tucson office has provided construction materials testing, geotechnical engineering, and environmental services in Southern Arizona for more than 25 years.
Terracon is an employee-owned consulting engineering firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states.
Terracon ranks 22nd on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit terracon.com/offices/tucson/
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by Peter Madrid | Mar 31, 2021 | News & Updates
8th annual event lets teams compete for bragging rights and cash
PHOENIX, ARIZ. (March 31, 2021) – The 8th REIAC/Rockefeller Group Challenge will again offer a cash prize to a winning team of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.
This year’s competition will again be held via Zoom because of safety precautions related to the COVID-19 pandemic.
The event is April 28 and begins at 3 p.m. The presentations are from 3:15 to 4:15 p.m. with voting and announcement of the winning team at 4:30 p.m.
“The REIAC/Rockefeller Challenge has become one of our most anticipated and attended events. REIAC’s Program Committee and Board are proud to continue the relationship with ASU’s MRED program and look forward to this year’s event,” said REIAC Southwest President Dave Kross.
This year the subject property is 30 vacant acres at the southwest corner of 43rd Avenue and Thunderbird Road. It’s a portion of the ASU West Campus earmarked for potential commercial development that would benefit the surrounding community and the campus. Students will make proposals to University Realty and ASU to act as co-developer with University Realty.
“This is their thesis – their culminating experience requiring use of all they have learned,” said Mark Stapp, Executive Director of the MRED program. “These projects are wicked problems that test students’ knowledge and would challenge anyone, even the most experienced of us.”
Danelle Plaza in Tempe was the focus of the three teams competing in last year’s challenge. At the end of the presentations, all of which included various mixed-use solutions, the audience voted on Zoom. New Borough Developments was voted the 2020 winner for its proposed $16.7 million project with retail, multifamily and a fabric fashion incubator.
Each team is allotted 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team after the presentations, awarding each winning team member a $1,000 check up to $6,000.
“The Rockefeller Group is honored to participate in what has become an annual tradition that has provided additional motivation for MRED students to be selected as one of the top three teams to compete in the Challenge,” said Mark Singerman, Past President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor.
“The inspiring and creative solutions the teams have presented at the Challenge over the years demonstrate what a fabulous job Mark Stapp and his staff have done in preparing the students for careers in real estate development and investment,” Singerman said.
The 2021 event is free for public viewing. Registration is required for the REIAC/Rockefeller Group Challenge. Register here.
About REIAC
The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct commercial real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance commercial real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org
About MRED
In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:
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by Peter Madrid | Mar 29, 2021 | News & Updates
SCOTTSDALE, ARIZONA (March 29, 2021) – Last year’s in-person Trends Day attracted a record number of participants. Join ULI Arizona for the 16th Annual Trends Days, this year a three-day virtual program of deep-dive content.
The 2021 event, April 20-22, brings together more than 40 top industry experts from across the globe. They will discuss the most current real estate trends with a focus on what to expect in the future, where the best opportunities can be found, and how these components affect both public and private sector partners.
ULI Arizona’s Trends Day is recognized as the third-largest ULI program globally. The COVID-19 pandemic has made it necessary to hold a virtual event. Trends Day 2021 will be spread across three mornings to avoid Zoom fatigue, making it easier to attend.
Participants will have the chance to take part in roundtables offering an additional interactive networking experience and also receive access to recordings of the entire program.
“Virtual programming of Trends Day for the first time ever has allowed us to truly leverage the global reach of ULI with even more speakers from across the country,” said Deb Sydenham, FAICP, Executive Director, ULI Arizona District Council. “The audience can expect true thought-leadership.”
Registration fees: private member, $99; non-member, $139; public/academic/nonprofit and student, $49 for member and non-member; and under age 35, member, $99; non-member, $139.
Highlights of each day:
- Day 1, April 20: Predictions for the U.S. Economy, or Life in the Canary Watch Box, Dr. Peter Linneman, will share his insights and research into the U.S. economy amidst COVID-19 recovery under the new Biden Administration; Fireside Chat, The Long Game: Waging the War on Coronavirus, Dr. Paul Keim, Executive Director, Pathogen and Microbiome Institute; Regents Professor, and Co-Director of TGen North, Northern Arizona University.
- Day 2, April 21: Capital Markets Keynote – Show Me the Money, Mary Ludgin, Ph.D., Senior Managing Director and Director of Global Investment Research, Heitman; Arizona’s Explosive Growth in Manufacturing, Grace O’Sullivan, Vice President, Corporate Engagement and Strategic Partnerships, Arizona State University, moderator; Laura Matz, Ph.D., Vice President, Planatization, EMD Electronics;
Micah Miranda, Economic Development Director, City of Chandler; and
Jim Rounds, President, Rounds Consulting Group, Inc.
- Day 3, April 22: Leadership in Times of Transition, former Arizona Sen. Jeff Flake and Bob Worsley, Entrepreneur, Author and Former Arizona State Senator, NZ Legacy, LLC; ZenniHome, LLC; NovoPower, LLC; Fireside Chat – Leadership: Engagement, Equity and Community Development, Omar Passons, Esq., MPH, Director, Division of Integrative Services, County of San Diego Health & Human Services Agency; Chair, ULI San Diego/Tijuana Diversity, Equity & Inclusion Committee.
Register here.
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 42,000 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 policy makers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.
by Peter Madrid | Mar 29, 2021 | News & Updates
Heather Reading joins Land Advisors Organization to lead firm’s new Land Conservation team
Scottsdale, Ariz. (March 26, 2021) – Land Advisors Organization announces the formation of its Land Conservation team, which specializes in facilitating real estate transactions that conserve important land and water resources, with an aim towards balancing the built and natural environments.
Conservation advisory services are customized to the unique needs of each client, which range from multi-generational landowners to new purchasers; from developers to land trusts; and from government agencies to local communities. Services provided by the Land Conservation team include:
- Assisting landowners in developing strategies for multi-generational ownership and for leaving an enduring legacy;
- Evaluating land portfolios and developing both acquisition and disposition strategies;
- Designing and implementing strategies for protection of source water and other natural resources;
- Developing effective mitigation strategies to offset development impacts;
- Planning for parks, open space, and protected land networks;
- Evaluating conservation options and funding sources;
- Identifying and applying for conservation program funding;
- Extensive expertise in drafting and negotiating conservation easements;
- Negotiating and completing complex conservation transactions
“The conservation of land is of vital importance and properly executed, can be of great benefit to a landowner and the community as a whole,” said Greg Vogel, CEO of Land Advisors Organization. “More communities, developers and landowners are seeing the positive economic impact of well-planned and implemented conservation strategies. Our Land Conservation team brings the insight and expertise Land Advisors Organization has been seeking to become a leader in land conservation and responsible land use.”
Heather Reading is leading the new Land Conservation team with Pete Johnson, Large Land Advisor. They each bring more than 20 years of expertise in land and water conservation to Land Advisors Organization. The team provides advisory services that help solve land use and resource challenges; protect drinking water supplies; improve recreational opportunities; and contribute to vibrant economies.
As the former land and water protection director for The Nature Conservancy in Arizona, Reading has extensive experience negotiating complex real estate transactions; developing market-based land and water conservation solutions; facilitating public-private partnerships; shaping public policy; and working with agricultural families to save their working farms and ranches.
Reading earned a Bachelor of Science in Biology and Master of Science in Forestry from Northern Arizona University, in Flagstaff, Arizona. She is a member of the Land Trust Alliance, The Nature Conservancy, American Farmland Trust, and the Urban Land Institute, and serves in an advisory capacity for several local land trusts.
“I’ve spent the majority of my career aligning diverse stakeholders around a shared vision of achieving outcomes that benefit people and nature, while contributing to the economic vitality of communities across Arizona,” said Reading. “I approach real estate transactions through the lens of conservation by bringing creative strategies that derive value while also ensuring the preservation of resources, which fills a niche in the market. Offering this approach to Land Advisors Organization and their network is an exciting opportunity for me and our team and has the potential of providing lasting benefits to communities everywhere.”
Reading and Johnson are working with the firm’s Advisors in Arizona and other key markets around the country to assist clients and customers with varying land conservation needs.
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 Flagstaff, 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.
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by Peter Madrid | Mar 24, 2021 | News & Updates
PHOENIX, ARIZONA (March 24, 2021) – NAI Horizon elevated a number of professionals to leadership positions as the brokerage and property management firm continued to grow in the midst of a trying year.
Lane Neville, who was promoted to Executive Vice President, was the office’s top producer for 2020. Denise Nunez, last year’s top producer was No. 2 on the list and was promoted to Managing Director.
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). Besides garnering Top 10 producer honors in 2020, he also closed the firm’s largest sale transaction last year. Neville has been a Top 10 producer at NAI Horizon for the past 9 years.
Nunez, who has been with NAI Horizon for 6 years, leads the Nunez Self Storage Group. She possesses more than 28 years of self-storage expertise and $300 million in total sales. She was also the Top Producer for 2018 at NAI Horizon and has been in the Top 10 for the past five years.
Other brokerage professionals among the Top 10 producers of 2020 who were promoted include Mark Wilcke, to Executive Vice President; Matt Harper, CCIM, to Senior Vice President; and Troy Giammarco, Mike Kumelski, and Andrew Warner, to First Vice President.
“The performance of our Top 10 for 2020 was exceptional,” NAI Horizon CEO/Designated Broker Terry Martin-Denning said. “This group stayed engaged and focused, working hard to help their clients navigate the market and find opportunities in a very challenging year.”
NAI Horizon’s broker ownership platform allows agents to benefit from both personal achievement and the success of the company while encouraging a collaborative culture. This platform prioritizes broker needs while offering global reach and resources.
The list of 2020 Top Producers reflects the success of the broker ownership platform and the overall positive trends in the Phoenix commercial real estate market with a range of specialties represented: investment sales, industrial, office, self-storage and retail properties.
NAI Horizon’s 2020 Top Producers:
- Lane Neville, Investment Sales / Land
- Denise Nunez, Investment Sales – Self Storage
- Isy Sonabend, Industrial
- Mark Wilcke, Industrial / Land
- Matt Harper, CCIM, Retail
- Andrew Warner, Investment Sales – Manufactured Housing
- Laurel Lewis, Office
- Mike Kumelski, Retail
- Troy Giammarco, Office
- Rick Foss, Industrial
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.
by Peter Madrid | Mar 23, 2021 | News & Updates
PHOENIX, ARIZONA (March 23, 2021) – Two land sales totaling almost $5 million – one in Phoenix and another in Casa Grande – highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Isy Sonabend and Drew Eisen negotiated the sale of 10 acres of land representing the seller, 4 P’s LLLP for $4.57 million. The property is located at 3232 S. 48th Street, Phoenix, AZ. The buyer, ViaWest was self-represented.
Dylan Whitwer, Laurel Lewis and Don Morrow negotiated the sale of a 1,800 SF office building representing both the seller, E&R Real Estate, LLC and the buyer, The Estancia Community Association, Inc. for $345,000. The property is located at 10025 E. Dynamite Blvd., Scottsdale, AZ.
Mark Wilcke negotiated the sale of 15 acres of land representing both the seller, SW-DEVCO 4, LLC and the buyer, LKY VAL VIST 15, LLC for $225,000. The property is located west of the SWC I-10 & Val Vista Road, Casa Grande, AZ.
Lease Transactions:
Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Freshly Laid Arcadia, LLC in a 60-month retail lease for 1,792 SF at 3701 E. Indian School Road, Phoenix, AZ. The landlord, Gaslight Square Retail, LLC was represented by Jared Lively with Rein & Grossoehme.
Rick Foss and Jay Olson represented the landlord, Freidman Anthem, LLC in a 60-month industrial lease for 5,400 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, NDUREnergy, LLC was self-represented.
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 Dr., Mesa, AZ. The tenant, Luis and Esmerelda Gonzalez was self-represented.
Thomas Bean, CCIM and Jay Mininberg, J.D. represented both the landlord, Tempe CC, LLC and the tenant, Core One Consulting US, LTD in a 38-month office lease for 1,239 SF at 4515 S. McClintock Dr., Tempe, AZ.
Troy Giammarco and Joe Pequeno represented the landlord, Preach, Inc. in a 12-month office lease for 4,000 SF at 601 N. Jackrabbit Trail, Buckeye, AZ. The tenant, OCM, LLC was self-represented.
Troy Giammarco and Joe Pequeno represented the landlord, Avondale Medical Campus, LLC in a 25-month office lease for 1,160 SF at 18001 N. 79th Ave., Glendale, AZ. The tenant, G&G Masonry, 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 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.
