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.
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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