by Peter Madrid | Mar 10, 2021 | News & Updates
PHOENIX, ARIZ. (March 10, 2021) – NAI Global, a leading, global commercial real estate firm, earned the No. 4 spot in the 2021 Lipsey Survey of Top 25 Commercial Real Estate Brands.
The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands. NAI Horizon is an office of NAI Global.
“We are proud that the strength of NAI Global is reflected in the results of this year’s Lipsey Survey,” said NAI Horizon CEO/Designated Broker Terry Martin-Denning. “Our affiliation with NAI Global allows us to deliver extraordinary results for our clients across the globe.”
The survey is conducted by The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry to equip organizations and their practitioners with the skills necessary to succeed in today’s competitive environment.
The 2021 survey results can be found here: https://lipseyco.com/top-commercial-real-estate-companies/
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 | Mar 10, 2021 | News & Updates
PHOENIX, ARIZONA (March 10, 2021) – AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, has selected New Pathways for Youth as the beneficiary of its 2021 “Golfiesta.”
New Pathways for Youth serves youth, ages 12-21, experiencing poverty and four times the adversity of other youth – adversities such as parent incarceration, abuse and neglect, substance abuse, and high school dropout.
Through one-on-one mentoring in connected communities of other mentors and youth and evidence-based personal development and life-skills retreats and workshops, New Pathways helps young people create breakthroughs in self-destructive thought patterns that lead to actions consistent with the future they want. New Pathways for Youth has transformed more than 7,000 lives since it was founded in 1989.
“We are delighted to have New Pathways as our charity partner and help to raise funds so they can continue to positively impact the lives of at-risk youth in our local community,” said AZCREW President Lindsey Carlson of Colliers International.
This year’s annual charity golf event is May 7 at Moon Valley Country Club, 151 W. Moon Valley Drive in Phoenix. The tournament begins at 7:30 a.m.
For the health and well-being of its members and community of supporters, AZCREW is hosting Golfiesta 2021 in as safe an environment as possible as it relates to COVID-19.
The 2021 Golfiesta has a waitlist. To be added to the waitlist or for more information, please contact debbie@golfforcause.com.
About AZCREW:
AZCREW is the premier commercial real estate organization that dominates in the advancement and success of women within the commercial real estate industry in Metro Phoenix through leadership, professional relationships, education and excellence. As part of CREW Network, the industry’s premier networking coalition, AZCREW is dedicated to advancing the success of women in commercial real estate. CREW Network’s membership of more than 11,000 professionals in 70+ major global markets represents all aspects of commercial real estate—providing our members with direct access to real estate professionals across all geographies and disciplines. For more information visit arizonacrew.org.
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by Peter Madrid | Mar 9, 2021 | News & Updates
PHOENIX, ARIZONA (March 9, 2021) – The sale of a retail building in Springerville, Arizona, and the sale of an office building in Phoenix totaling $1.235 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Matt Harper, CCIM negotiated the purchase of a 52,154 SF retail building representing the buyer, 2021 Plaza, LLC for $750,000. The property is located at 205-231 S. Mountain Ave., Springerville, AZ. The seller, Springerville Plaza, LLC was self-represented.
Mike Myrick, CCIM negotiated the sale of a 2,851 SF office building representing the seller, Vicki Simpson for $485,000. The property is located at 3610 N. 44th St., Phoenix, AZ. The buyer, Global Tool Supply, LLC was represented by Mary Del Carmen Ramos with ICG-Phoenix, LLC.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Los Rios Farms, Inc. in a 60-month retail lease for 3,702 SF at 4705 E. Carefree Highway, Cave Creek, AZ. The tenant, JK 11 JCIL, Inc. was represented by Joseph Chung with West USA Realty.
Matt Harper, CCIM represented the landlord, Grand Center Plaza, LLC in a 65-month retail lease for 3,800 SF at 11001 N. 99th Ave., Peoria, AZ. The tenant, Bibiano’s Mexican Restaurant, LLC was self-represented.
Matt Harper, CCIM represented the landlord, JEMAD, LLC in a 60-month retail lease for 1,710 SF at 6449 W. Glendale Ave., Glendale, AZ. The tenant, Jorge Salcido Valenzuela and Jimmy D. Lara Hernandez was self-represented.
Thomas Bean, CCIM and Laurel Lewis represented the landlord, State Bar of Arizona in a 24-month office lease for 2,878 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, Rise48 Equity, LLC was represented by Zach Haptonstall with Phoenix Prestige Real Estate.
Thomas Bean, CCIM and Jay Mininberg, J.D. represented both the landlord, Vintage Garden Properties and the tenant, MedEvals of Colorado, Inc. in a 63-month office lease for 1,678 SF at 10240 W. Bell Road, Sun City, Arizona.
Kevin Higgins represented the landlord, Bogle Family Realty, LLLP in a 63-month office lease for 1,088 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Danovich Financial and Tax Services, PLLC was self-represented.
Matt Harper, CCIM represented the tenant, DMND KUTZ, LLC in a 65-month retail lease for 1,088 SF at 9130 W. Thomas Road, Phoenix, AZ. The landlord, MAGS Properties, LLC was represented by Robert Nolan with Oxford Realty Advisors.
Kevin Higgins represented the landlord, Bogle Family Realty in a 39-month office lease for 1,588 SF at 7227 N. 16th St., Phoenix, AZ. The tenant, Southwest Insurance Group was represented by Joe Pequeno and Troy Giammarco with NAI Horizon.
Jeff Adams represented the tenant, International FTR, LTD in a 24-month industrial lease for 4,400 SF at 500 S. 52nd St., Tempe, AZ. The landlord, Sea Shell Properties was represented by Cory Breinholt and Cory Sposi with Commercial Properties, Inc.
Matt Harper, CCIM represented the landlord, Hope Thunderbird Investments, LLC in a 38-month retail lease for 1,000 SF at 5123 W. Thunderbird Road, Glendale, AZ. The tenant, Jose Antonio De La Torre was self-represented.
Matt Harper, CCIM represented the landlord, H&T Properties, LLC in a 24-month retail lease for 900 SF at 602 W. Union Hills Drive, Phoenix, AZ. The tenant, Flower Power Management, LLC was self-represented.
Dylan Whitwer and Don Morrow represented the landlord, AP-PP, LLC in a 36-month office lease for 559 SF at 401 W. Baseline Road, Tempe, AZ. The tenant, Acupuncture and Chinese Classical Herbal Medicine was represented by Tiffany Hopkins with HomeSmart, LLC.
Matt Harper, CCIM represented the landlord, MAZ Northern Plaza, LLC in a 24-month retail lease for 800 SF at 5008 W. Northern Ave., Glendale, AZ. The tenant, Marc Anthony Tan 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 | Mar 7, 2021 | News & Updates
PHOENIX, ARIZONA (March 8, 2021) – NAI Horizon represented the seller in the $4.57 million disposition of 10 acres of prime industrial land in the highly sought-after Phoenix Sky Harbor International Airport submarket.
NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen represented 4 P’s LLLP of Peoria, Arizona, in the sale. The buyer was Phoenix-based ViaWest Group, which plans to develop the site with a Class A industrial building, to be known as Airport48 Industrial.
NAI Horizon will handle the marketing and leasing of the project.
“In the new and growing economies, this location, with direct access into Sky Harbor International Airport, and minutes to the I-10, Loop 202, I-17 and Superstition Freeway, provides users unparalleled access to all corners of the Valley,” Sonabend said. “ViaWest Group has, and is developing numerous Class A Industrial properties successfully throughout the Valley. ViaWest Group will construct a state-of-the-art facility to serve an eager submarket appetite.”
The land is situated in the heart of the Metro Phoenix freeway system at 3232 S. 48th St., in Phoenix. It is zoned for industrial use and is in close proximity to SR 143 and Interstate 10 with three full-diamond interchanges within a few miles. The parcel is in an opportunity zone.
Construction on the industrial building is scheduled to begin in 2021 with a completion date of early 2022.
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 | Mar 3, 2021 | News & Updates
PHOENIX, ARIZ. (March 3, 2021) – Behind every great organization are great leaders. The Arizona Self-Storage Association is no exception as it celebrates 25 years of promoting and strengthening the self-storage industry in Arizona.
Founded in 1996, the AZSA was created to present a unified voice on issues affecting the industry in the state and in its communities. AZSA continues that mission 25 years later with more than 400 storage operator and vendor members representing more than 600 self-storage businesses.
The Arizona Self-Storage Association’s legislative accomplishments have proven the power the organization possesses to work for and elevate conditions for the storage industry in Arizona.
AZSA led the way in modernizing lien laws, providing a blueprint for a wave of reform around the country. To date, 19 times, through legislative campaigns, defensive legislative interventions and departmental intercessions, AZSA proactively changed laws, defensively intervened to prevent or amend bad law and correctly interpreted storage law for state government agencies.
AZSA members at the 2019 conference and trade show.
AZSA was founded when a group of people gathered to talk as operators, a new concept at the time, said Richard Marmor, the group’s first president. Early members included Bill Alter, Terry Kutzbach, Allan Bulman, Howard Hansen and Marmor a bit later.
“Terry had an office at 24th and Camelback. They met in the basement,” Marmor recalled. “It was quarterly meetings for the first couple of years. Bill always came with Oreos and soft drinks.”
After 2 years, the meetings evolved into “let’s get a person to come and educate us,” Marmor said.
“It occurred to me to finally ask whether we should consider incorporating as a trade association, so a committee was created. We created an outline of ideas of what a trade association could do, such as industry image improvement, networking, legislation, resource development, operator education and standards of conduct (12 major topics in all),” Marmor said.
What was then called the Greater Arizona Mini Storage Association (GAMSA) was created. In 2006, the name was changed to the current Arizona Self-Storage Association (AZSA). The original spark was to do more and have more power as a group. A big issue at the time was real estate taxes.
“Our vision hasn’t changed much over the years,” said Chris Rudel, former AZSA president and current board member. “As an organization we have adapted to all the technology and information changes – for the better. While our industry has changed, AZSA has always helped smaller facilities stay informed and remain profitable. From very early on we have always worked together.”
AZSA held its first trade show in 2000. It has since combined the trade show with its annual conference and golf tournament. This year, September 22-23, the conference will feature a hybrid exhibit model with traditional trade show exhibit space in a separate room and networking stations in the Showroom at Wild Horse Pass Hotel & Casino, 5040 Wild Horse Pass Blvd., in Chandler for exhibitors. AZSA also offers educational webinars for its members.
“Richard (Marmor) best explained how the association started – with a regulatory/ legislative need. That was a driver for membership,” said Anne Mari DeCoster, COO of Storelocal Storage Co-op and Executive Vice President of Tenant Inc. She also served as AZSA Executive Director for 10 years and sits on the board. “When I served as AZSA’s Executive Director, I quickly realized that was AZSA’s super power – being able to defend the industry in the legislative and regulatory arena.”
Entrepreneurs introduced the industry in the 1960s, building small mini-warehouses as a real estate tactic to warehouse land for higher-and-better-uses, waiting for urban growth to reach them. This inauspicious beginning grew into a mature industry, constituting one of the highest profit real estate sectors with the lowest foreclosure rate.
“But In 1996 when we began AZSA,” Marmor said, “self-storage was still something of an odd, unknown industry.”
Self-storage became the highest and best use. Traditionally owned by small family businesses who were the only ones paying attention to this lucrative sector, the dynamics changed with the Great Recession of 2008. Its lingering, devastating effect on most real estate sectors shone a bright light on the self-storage space, and in effect, strengthened its standing as one of the best asset classes.
Since 2008, REIT ownership of self-storage properties has more than doubled to over 18%, particularly in the top 100 Metropolitan Statistical Areas (MSAs).
Today’s self-storage business looks very different than it did in the 1960s when the industry began. “Glam storage” buildings built in recent years look like best-in-class office buildings – far from the dingy “mini-warehouses” of the past.
“In the early 2000s people started accepting AZSA as a group doing the right thing,” said Martin Lorch, president and co-founder of BPI Capital Management and an AZSA board member. “Passing the insurance bill was key.”
For more information visit azselfstorage.org.
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AZSA board members at the 2019 conference: (Front row, L to R): Andy Kelly, Dave King, Ray McRae, Diane Gibson, Poppy Behrens, Anne Mari DeCoster, Richard Marmor, Martin Lorch, Tarik Williams, Belinda Rosthenhausler. (Back row, L to R): Jeff Gorden, David Brown, Korey Hanson, Matt Hall, James Appleton, Travis Marrow, Chris Rudel and Whitney Jurjevich.
by Peter Madrid | Feb 24, 2021 | News & Updates
PHOENIX, ARIZONA (Feb. 24, 2021) – The sales of three retail buildings, a multifamily property and an office totaling $3 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Sharon Reeves negotiated the sale of a 3,055 SF retail building representing the seller, Circle K Stores, Inc., for $1 million. The property is located at 4115 N. 91st Ave., Phoenix, AZ. The buyer, Tabeguache Peak, LLC was represented by Nick DeDona and Zach Pace with Phoenix Commercial Advisors.
Laurel Lewis negotiated the sale of a 3,101 SF office building representing the seller, DL Holdings, LLC for $820,000. The property is located at 14220 N. Northsight Blvd., Scottsdale, AZ. The buyer, DM Venture, LLC was self-represented.
Christopher Lewis negotiated the sale of a 5,717 SF multi-family building representing the seller, Terrel Smith for $570,000. The property is located at 1800 W. Van Buren St., Phoenix, AZ. The buyer, Dat Homes was self-represented.
Matt Harper, CCIM negotiated the purchase of a 1,710 SF retail building representing the buyer, JEMAD, LLC for $375,000. The property is located at 6449 W. Glendale Ave., Glendale, AZ. The seller, Su Tu Hoang was represented by Tram Chu with West USA Realty.
Christopher Lewis negotiated the sale of a 4,000 SF retail building representing both the seller, 1838 W. Campbell Ave., LLC and the buyer, Collectors Marketplace, LLC for $252,500. The property is located at 1838 W. Campbell Ave., Phoenix, AZ.
Lease Transactions:
Laurel Lewis represented the tenant, InBloom Autism Services in a 66-month office lease for 9,643 SF at 1347 N. Alma School Road, Chandler, AZ. The landlord, Justland 4141 Investments was represented by Jamie Swirtz with CBRE.
Laurel Lewis represented an undisclosed tenant in a 65-month office lease for 4,953 SF at 5333 N. 7th St., Phoenix, AZ. The landlord, Paragon Plaza Phoenix, LLC was represented by Gordon Raguse with Cushman & Wakefield.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, A2Z Professional Remodeling LLC, in a 60-month retail lease for 3,000 SF at 10300 N. Scottsdale Road, Scottsdale, AZ. The landlord, FTT Total Wine Center, LLC was represented by Cliff Johnston with Cushman & Wakefield.
Matt Harper, CCIM represented the tenant, Palmerosa Enterprises, Inc. in a 37-month industrial lease for 5,780 SF at 4901 W. Van Buren, Phoenix, AZ. The landlord, Alameda Owner, LLC was represented by Phil Haenel with Cushman & Wakefield.
Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 61-month retail lease for 1,240 SF at 9501 N. Peoria Ave., Peoria, AZ. The tenant, Uproar Barbershop was self-represented.
Matt Harper, CCIM represented the landlord, Robert & Arlene Thatcher in a 39-month retail lease for 1,550 SF at 4740 W. Glendale Ave., Glendale, AZ. The tenant, Eyo’s Empire, LLC was represented by Alicia Milton with KW Commercial.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Bailey Red Rock Plaza, LLC in a 38-month retail lease for 1,743 SF at 16425 E. Palisades Blvd., Fountain Hills, AZ. The tenant, Health Enterprise Group, LLC was self-represented.
Christopher Lewis represented both the landlord, Magnum Financial II, LLC and the tenant Sarah Standifird, BDP Groups, LLC in a 24-month office lease for 840 SF at 640 E. Purdue Ave., Phoenix, AZ.
Lori Kahn represented the tenant, Lionheart Security Services in a 12-month office lease for 2,016 SF at 505 S. 48th St., Tempe, AZ. The landlord, G.W. Williams Co. was self-represented.
Matt Harper, CCIM represented the landlord, MAZ Northern Plaza, LLC in a 12-month retail lease for 1,000 SF at 5008 W. Northern Ave., Glendale, AZ. The tenant, Rosalina Martinez was self-represented.
Joan Krueger represented the landlord, Jade Lion, LLC in a 12-month office lease for 784 SF at 9241 N. 6th St., Phoenix, AZ. The tenant, Gerber Law, P.C was self-represented.
Matt Harper, CCIM represented the landlord, Norman Family, LP in a 12-month office lease for 400 SF at 1111 N. Gilbert Road, Gilbert, AZ. The tenant, Cactus Garage Door Repair, LLC was self-represented.
by Peter Madrid | Feb 23, 2021 | News & Updates
PHOENIX, ARIZ. (Feb. 23, 2021) – NAI Horizon represented the tenant, a Florida-based agency that provides autism therapy, in a long-term lease at 1347 N. Alma School Road in Chandler, Arizona.
NAI Horizon Senior Vice President Laurel Lewis represented InBloom Autism Services of Ft. Lauderdale, Florida, in the lease for 9,643 SF at Chandler Office Center.
The Chandler location is the second in the Valley for InBloom. It provides Applied Behavior Analysis (ABA) therapy and diagnostic evaluations to identify Autism Spectrum Disorder (ASD) in young children.
“It’s satisfying negotiating on behalf of companies like InBloom Autism Services that are working hard to create a better environment and clinical expertise for people in need of behavioral health services,” Lewis said. “Their work with children is especially important.”
The landlord, Jutland 4141 Investments Ltd. dba Chandler Office Center of San Diego, was represented by Jamie Swirtz of CBRE.
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 | Feb 17, 2021 | News & Updates
TUCSON, ARIZ. (February 17, 2021) – NAI Horizon brokered the multifamily investment sale of Treehouse Apartments in Tucson for $23 million ($137,725 per unit or $237 psf).
Justin Lanné and Mike Chapman with NAI Horizon’s Tucson office represented both the seller, CaliberCos, Inc.’s Fund, CDIF Sunrise L.L.C., and the buyer, AHC Real Estate FND VIII L.P.
The asset is comprised of 167 units located at 3636 N. Campbell Ave., in Tucson, Arizona. Treehouse Apartments offers three apartment styles – studio, one-, and two-bedroom units.
The community is 3 miles north of the University of Arizona campus and one parcel south of the University of Arizona Cancer Center.
Escrow closed on the property on February 10, 2021.
“A new Fannie Mae Loan was placed on the property allowing the buyer to take advantage of the low-interest environment,” Lanné said. “Treehouse Apartments were extensively renovated by the seller in 2016.”
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 | Feb 17, 2021 | News & Updates
PHOENIX, ARIZONA (February 17, 2021) – The 14th Annual IREM-CCIM Economic Forecast, the premier real estate event of the year from the best minds in the industry, is going virtual this year.
The event is the destination for all industry professionals seeking the insight and expertise of the leading real estate professionals in the Arizona market. The March 26 event will be broadcast via Zoom for the first time.
Check-in for the virtual event is 7:45 a.m. The program begins at 7:55 a.m. and ends at noon. The event is approved for 3 Legal Continuing Education credits. Participants will be required to be visible on a Zoom platform for the entire program.
Cost is $25 for IREM and CCIM members without the CE credit; $45 for members with the CE credit; $35 for non-members without the CE credit; and $55 for non-members with the CE credit.
The keynote speaker is KC Conway CRE, Chief Economist for the CCIM Institute. The moderator is Pete Bolton, President of Pete Bolton Co.
Institute representatives are Tim Blair, CCIM, 2021 CCIM President, Shannon Waltchack; and Libby Ekre, CPM, 2021 IREM Senior Vice President, MEB Management Services, AMO.
Forecast representatives are Rosalinda Bridges, CPM, 2021 IREM Greater Phoenix President, NLR Management/Hann Development; Todd Hamilton, CCIM, 2021 CCIM Central Arizona President, Citywide; Cody McGuire, CCIM, 2021 CCIM Southern Arizona President, National Bank of Arizona; and Nick Miner, CCIM, ASREB representative, ORION Investment Real Estate.
>> Retail Panel: Mike Kallner, Executive Leasing; Melissa Lal, CCIM, Larsen Baker; Daniel Lupien, Palmer Development Group; Ari Spiro, ORION.
>> Multifamily panel: Scott Cook, MEB Management Services AMO; Cliff David, Institutional Property Advisors; Nicole Wray, Greystar.
>> Office panel: Mark Christopher Irvin, CCIM, SIOR, Mark Irvin Commercial Real Estate Services; Gregg Kafka, CCIM, Lee & Associates; and David Verwer, CCIM, Mode Commercial Property Management.
>> Industrial panel: David Blanchette, CCIM, NAI Horizon; Jeff Foster, Prologis; Ericka LeMaster, Alliance Bank of Arizona; Rob Martensen, Colliers International.
Register here.
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About IREM
IREM® is an international force of 20,000 individuals united to advance the profession of real estate management. Through training, professional development, and collaboration, IREM supports our members and others in the industry through every stage of their career.
We believe in our people, and we provide the tools they need to succeed. We open doors, we forge connections, and we help show the way forward. Backed by the power that comes with being an affiliate of the National Association of REALTORS®, we add value to our members, who in turn add value to their teams, their workplaces, and the properties in their commercial and residential portfolios.
Our memberships empower college students, young professionals, and industry veterans who are committed to career advancement. Earning our credentials, including the CPM®, ARM®, ACoM, and AMO®, demonstrates a commitment to, and passion for, good management. These credentials, along with our courses and array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage. Information at www.irem.org.
About CCIM Institute
CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision and success for an asset, taught by instructors who are themselves industry leaders.
Today, the organization, through its 50 chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin— real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies.
In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.
by Peter Madrid | Feb 16, 2021 | News & Updates
SCOTTSDALE, Arizona (Feb. 16, 2021) – As savvy commercial real estate investors flocked to relocate assets from distressed cities to smaller, thriving markets, Andrea Davis CRE in 2020 met the demand head on through 1031 Exchange investment opportunities for clients across the U.S.
“Buyers could not get what they wanted in Arizona,” Davis explained. “So many people in California are selling their assets and looking to place their money in Arizona. There is such a demand here. From warehouses to essential retail space and 1031 Exchange investments to cash deals, we guided our clients through it all in 2020.”
The Valley’s commercial real estate entered 2020 with tailwinds from a robust 2019. Then COVID-19 wreaked havoc on most every industry in Arizona and the U.S. During a time of year when most people avoid the Arizona heat, the pandemic drove an abnormally high percentage of emigration out of major urban centers like San Francisco, Los Angeles, Chicago, and the Greater Washington D.C. Area to small and medium-sized cities like Scottsdale, Arizona; Durham, North Carolina; and Columbus, Ohio, Davis said. Entrepreneurs moved to Arizona from other suffering cities.
In September, another monumental shift happened. Commercial real estate investors were making similar choice as businesses and relocated their assets.
“In the Great Recession, investors wanted internet resistant, now they seek essential businesses that won’t ask for rent relief during government lockdowns,” Davis said.
A few investments that met those criteria are:
- 1031 Lightshade, Denver, Colorado $13.5 million, industrial warehouse, moving assets out of California;
- 1031 Tender Corp., Littleton, New Hampshire, $8 million, industrial warehouse, moving assets out of California;
- 1031 multi-tenant warehouse, Union Hills, Tennessee, $1.8 million, moving assets out of California;
- 1031 Dutch Bros, Las Vegas, Nevada, $2.25 million essential retail, moving assets out of California;
- 1031 Meineke, Las Vegas, Nevada, $1.75 million, essential retail, moving assets out of California;
- 1031 Value Truck, Buckeye, Arizona, $1.9 million, industrial, 7-acre truck stop.
“Arizona’s for sale inventory over the past 18 months, investment or owner/user, has been slim to nil. For businesses who want to control their destiny and stop leasing, purchase options are a challenge to come by,” Davis said.
“It’s the first time in 20 years of experience that multiple buyers are writing full-price offers within days of a new office listing. Of course, this is a win for sellers, but a test of patience for buyers,” she said.
Notable Arizona closings in 2020 include 7302 E. Helm, which sold above asking; 11110 N. Tatum, which sold at full price; 8144 E. Cactus closed in two weeks; 8601 Butherus, a leading comp in the complex.
ABOUT ANDREA DAVIS CRE
Andrea Davis, CCIM, has practiced commercial real estate for more than 20 years. Davis’ breadth of knowledge stretches from developers to landlords to buyer/tenant representation and investments. Within the commercial real estate industry, Davis has won numerous awards. Andrea Davis CRE is listed among the top 10 in Ranking Arizona for the category of Office Brokerage. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit andreadavis.co/.
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