by Peter Madrid | May 14, 2020 | News & Updates
PHOENIX, ARIZONA (May 14, 2020) – NAI Horizon negotiated a long-term, build-to-suit lease for a Denny’s restaurant on Baseline Road and 51st Avenue, east of The Shoppes at Rogers Ranch in Phoenix.
The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented the tenant, DFK Holdings, LLC, and SAS Restaurants of Phoenix, in the lease totaling $3.712 million.
“This is a strategic location for Denny’s, as we have been searching in the area for quite some time,” Gerow said.
The new building, which will total 4,500 SF, is across the street from Laveen Village Marketplace, which is anchored by The Home Depot and a Fry’s supermarket. Other tenants in the area include; Safeway, Dollar Tree, Petco, Verizon, Pizza Hut and Leslie’s.
The landlord is SimonCRE BMM II, LLC, of Scottsdale.
by Peter Madrid | May 13, 2020 | News & Updates
SCOTTSDALE, ARIZONA (May 13, 2020) – With the stay-at-home order in place, staff and family members of residents at LivGenerations Pinnacle Peak brought Mother’s Day joy to their loved ones last Sunday.
Mothers, grandmothers and great grandmothers were treated to a parade, a “rolling buffet,” gifts and roses. LivGenerations Pinnacle Peak is an independent living, assisted living and memory care community with 116 residents at 23733 N. Scottsdale Road, in Scottsdale.
“It was a wonderful event not just for the resident but for the family members as well,” said Kelsey Conde, Director of Vibrant Living at LivGenerations Pinnacle Peak. “This is not what we originally planned, but the COVID-19 pandemic changed those plans. Still, we were all thrilled how it turned out.”
The parade featured about 40 vehicles completing a parade lap around the building, Conde said. With residents standing on balconies and looking out windows family members completed a second lap. Families held up signs (made by them) wishing their moms happy Mother’s Day, Conde added.
“At the end of the parade family members unloaded gifts for their mothers, sanitized them, and then delivered them,” Conde said. “Everyone honored social distancing. Our moms were able to see the parade; see their families – and thoroughly enjoyed it.
“It was a group effort. Our Executive Director, Dennis Scalpone, led the parade,” Conde said.
Another community, LivGenerations Ahwatukee, also honored its mothers, grandmothers and great grandmothers with a “drive- through parade” on Mother’s Day, May 10. The Ahwatukee community is a senior living, independent living and memory care community at 15815 S. 50th St., in Phoenix, with 137 residents.
by Peter Madrid | May 12, 2020 | News & Updates
PHOENIX, ARIZ. (May 12, 2020): Five property sales in the Valley – three office buildings and two industrial buildings – totaling almost $11 million highlight recent deals closed by NAI Horizon professionals.
Sale Transactions:
Lane Neville and Logan Crum negotiated a sale of the Corbins Electric corporate headquarters, a 52,744 SF industrial building, representing the buyer, Staffield Family, LLC, for $7 million. The property is located at 4829 S. 38th St., Phoenix, AZ. The seller, ML Commercial Properties, was represented by Clint Hardison and Blake Hardison with Keyser.
Dylan Whitwer, Don Morrow and Laurel Lewis negotiated a sale of a 4,501 SF office condo representing the Seller, M Brothers Troon, LLC for $1.275 million. The property is located at 10031 E. Dynamite Blvd. Ste: 260-270, Scottsdale, AZ. The Buyer, Cloverssen, LLC was represented by Marty Rader with DFW Realty Partners.
Jay Olson and Rick Foss negotiated a sale of a 14,987 SF industrial building representing the Buyer, Amelio C. Enterprises, Inc. for $1.161 million. The seller, QLS, LLC was represented by Bill Swirtz & Chris Reese with Colliers International.
John Filli negotiated a sale of a 10,308 SF office-retail complex representing the Seller, Global Financial & Trading, LLC for $1.035 million. The property is located at 746 & 788 W. Guadalupe Road, Gilbert, AZ. The Buyer, WNDG, LLC was represented by Julie Harris & Jennifer Hill will Diversified Partners, LLC.
Joan Krueger negotiated a sale of a 2,089 SF office building representing the Seller, Valencia Executive Suites for $351,000. The property is located at 1635 N. Greenfield Road, Building 3, Mesa, AZ. The Buyer, Gem Office Suites, was represented by Grafton Milne with Menlo Group Commercial Real Estate.
Laurel Lewis and Dylan Whitwer negotiated a sale of a 2,199 SF office condo representing the Seller, Troon, LLC, for $131,940. The property is located at 10031 E. Dynamite Blvd., Building E, Scottsdale, AZ. The Buyer, Borden Properties, LLC was represented by Jeff Woudenberg with Woudenberg Properties.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Ken’s Nails in a 120-month retail lease renewal for 2,411 SF at the NWC of 48th Street and Indian School Road, Phoenix, AZ. The landlord was represented by Matt Ault with Kidder Matthews.
Jeff Adams represented the tenant, OIB Consulting, Inc. in a 61-month industrial lease for 7,983 SF at 23910 N. 19th Ave. The landlord, EJM Pinnacle Peak I Property LLC was represented by Jeff Conrad & Ryan Hingst with Lee & Associates.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Jeremy Mueller Insurance Agency, Inc. in a 60-month retail lease for 1,200 SF at 18511 N. Scottsdale Road, Scottsdale, AZ. The landlord, BCB Group Investments, LLC represented itself.
Joe Pequeno and Troy Giammarco represented the tenant, Arizona Wellcare, in a 38-month office lease for 2,850 SF at 2601 N. 3rd St., Suite 101, Phoenix, AZ. The landlord, Robert Pavese was represented by Keith Lytle with Platinum Living Realty.
Joe Pequeno and Troy Giammarco represented the tenant, Tony C. Machometa in a 36-month office lease at 18001 N. 79th Ave., Glendale, AZ. The landlord, Michael Ruiz; Avondale Medical Campus, LLC represented itself.
Thomas Bean, CCIM represented the tenant, Paradise Valley Florist, in a 39-month retail lease at 2932 N. 68th St., Scottsdale, AZ. The landlord, Oasis Plaza Properties LLC, was represented by Jack Stein with Patriot Commercial.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Bailey Red Rock Plaza, LLC in a 60-month retail lease for 1,311 square feet with Sipps Eatery at 16425 E. Palisades Blvd., Fountain Hills, AZ
Matt Harper, CCIM represented the landlord, Hillcrest Plaza, LLC in a 13-month retail lease at 1241 E. Broadway, Mesa, AZ. The tenant, Al Sanders, was self-represented.
by Peter Madrid | May 12, 2020 | News & Updates
PHOENIX, ARIZONA (May 12, 2020) – The Phoenix Kidder Mathews healthcare team represented the landlord in long-term leases at a repurposed Maytag appliance store in Goodyear that will be occupied by four diverse healthcare tenants.
The team of Senior Vice Presidents Michael Dupuy and Tyler Smith and Vice President Rachael Thompson negotiated the long-term lease on behalf of Whiteboard Development Company, LLC, Principal Colin Brown, a locally- and family-owned real estate office.
Kidder Mathews fully leased Cornerstone Medical Center, 13481 W. McDowell Road, just 14 months after its purchase. Tenants include Cigna, ResCare, Valley Sleep Center and the Center for Autism and Related Disorders (CARD).
“The redevelopment vision for Cornerstone Medical Center was inspired by the concept of ‘connectivity,’” Brown said. “The Whiteboard objective was to create a distinctive project with energized and connected space to attract and inspire lead health and wellness companies committed to provide innovative healthcare services for Goodyear’s community as well as the entire West Valley.
“The vision, execution and positive community impact would not have been possible without the support and efforts of the City of Goodyear, project design and construction team, Kidder Mathews and local community partners,” Brown said.
Cornerstone Medical Center is an approximately 20,235 RSF building being repurposed for a medical use from a retail use. Exterior renovations include “reskinning” the building and a new window package. The stand-alone, former Maytag store sat empty for 18 months before Whiteboard Development purchased and partnered with the City of Goodyear to reconfigure it to accommodate healthcare use.
“Thank you to Whiteboard Development Company for its creative vision and adaptive reuse of a former retail building, which sits in the heart of the Goodyear Medical Innovation Corridor,” said Goodyear Mayor Georgia Lord. “Kidder Mathews’ assistance also played a pivotal role in bringing first-class tenants to this facility, expanding the vast range of medical and healthcare services to our rapidly growing community. We look forward to more exciting opportunities this extraordinary partnership will bring in the near future.”
Cornerstone Medical Center also includes a tenant entry floating shade trellis and an updated comprehensive sign plan to best maximize tenant exposure as well as better direct patron traffic.
The asset is strategically located at the cornerstone of one of the West Valley’s fastest-growing communities. It offers a quick two-minute drive to the I-10 freeway, providing easy access to housing, entertainment and retail amenities.
“It was a pleasure working with Colin Brown and the City of Goodyear to get Cornerstone Medical Center fully leased,” Thompson said. “Even in our current climate, well-located and well-positioned healthcare product continues to be in demand.”
The Abrazo West Campus is located within walking distance and the project is not encumbered with any use restrictions.
The tenants were represented by Bryce Terveen, CBRE (Cigna and ResCare); Eric Campos, Benchmark Commercial (Valley Sleep Center); and Brian Forster, Pacific Partners Commercial (CARD).
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast with more than 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt and equity finance services for all property types. It performs $7 billion in transactions, manages more than 51 MSF of space, and conducts more than 1,500 appraisals annually. For more information visit http://kiddermathews.com/locations/phoenix.php.
by Peter Madrid | May 11, 2020 | News & Updates
PHOENIX, ARIZ. (May 11, 2020) – The Arizona Private Lender Association (APLA) recently announced its 2020-2021 Board of Directors and Officers.
Board officers are President, Jack W. Hilton, Hilton Financial Corporation; Vice President, Phil Sollomi, Scottsdale Private Lending; Treasurer, Aaron Zeese, PAJ Financial; Secretary, Becky Young, Evergreen Note Servicing; and Statutory Agent, Jeff Craven, The Craven Law Firm.
Other members are Rob Leonard, Colonial Capital; Mitchel Medigovich, Mitchel Medigovich Consulting; Geoff Ball, Applewood Funding; Adam Nach, Lane & Nach, P.C.; and Noah Brocious, Capital Fund I, LLC.
APLA serves the needs of Arizona private money lenders who provide loans secured by real estate with funds from private sources. Its mission is to represent, promote, and foster the business of bringing private capital to Arizona for real estate projects and hold private money lenders to a high standard.
APLA meets six times per year with various guest speakers providing informative news in the private money lending arena. APLA members include licensed lenders and affiliates. Affiliate members include investors, title company representatives, attorneys, real estate brokers and other segments related to the lending industry.
APLA also works to provide standards of conduct and education for Arizona private money lenders. It coordinates with state and federal agencies on behalf of its members.
For more information visit azprivatelenders.org.
by Peter Madrid | May 5, 2020 | News & Updates
SCOTTSDALE, ARIZ. (May 5, 2020) – Prominent environmental, natural resources and energy attorney Michelle De Blasi is pleased to announce the formation of her own firm, the Law Office of Michelle De Blasi.
De Blasi brings decades of experience assisting clients obtain successful results with their environmental, natural resource and energy projects. She has led numerous large-scale, complex environmental remediation enforcement and brownfield cases, and has completed environmental compliance, due diligence and permitting for industrial facilities.
“I’m realizing my long-held dream to take the helm of my business by moving my client base into my own firm,” said De Blasi, who in the past gained local and national recognition with Valley law firms such as Fennemore Craig and Quarles & Brady. “With the ability to partner with many excellent legal colleagues, I am excited to be able to provide more efficient and focused legal services and strategic partnerships for my clients as an extension of their business team.
“I have been a champion of women throughout my career, particularly working mothers. I realized I couldn’t give advice to my daughters to follow their dreams without following mine,” she said.
De Blasi brings decades of government and “BigLaw” experience to her own firm to provide more effective client service. She is a speaker, author, event producer and the Executive Director of the Arizona Energy Consortium, a non-profit organization.
“I have had the opportunity to work with Michelle for nearly 20 years on large land- use-related cases, from power line siting to air-quality permitting,” said Karrin Taylor Robson, land-use expert and President and Founder of Arizona Strategies. “She is a consummate professional who instinctively knows how to solve her clients’ problems and achieve desired results. I am excited to watch as she builds on her tremendous career accomplishments with the establishment of her own firm.”
De Blasi focuses on business strategy by helping clients in a broad array of industries complete their projects from start to finish, overseeing all aspects of permitting, assessing business risks and meeting deadlines on time and on budget.
“Michelle is a consummate legal professional with an extensive network of corporate clients. It does not surprise me that her entrepreneurial spirit and talents have led her to the dream of guiding her own firm,” said Chris Camacho, President/CEO of the Greater Phoenix Economic Council.
On the state and federal environmental regulatory levels, clients consistently rely on her knowledge of hazardous waste, air quality, water quality, environmental health and safety, real property due diligence, legacy uranium mining, utility regulation, natural resource damage issues, asbestos and underground storage tank regulation. De Blasi also assists her clients with developing and permitting traditional and renewable energy generation and powerline projects.
Just some of her additional representative experience includes:
>> Advising real estate developers on endangered species and jurisdictional Waters of the U.S. issues for large property developments on private and federal lands;
>> Assisting a Fortune 100 technology manufacturer with air quality and wastewater permitting for a $2 billion facility in Arizona;
>> Advising a Native American tribe with drafting the nation’s first comprehensive Tribal Implementation Plan under the Clean Air Act as well as drafting its wastewater, pesticide, waste management and water quality regulatory programs.
“We’re excited to continue working with Michelle under her new firm to help resolve our clients’ environmental and energy legal issues. It’s terrific to see her continue her success as an environmental and energy leader in the community,” said Grady Gammage Jr., Founder of Gammage & Burnham, where De Blasi also previously worked.
De Blasi is active with numerous industry and community groups including Valley Partnership, the Arizona Technology Council and the Phoenix Parks Foundation, just to name a few.
Her honors are numerous as well: Best Lawyers in America, Environmental Law, Energy Law, 2013-2020; Chambers USA, Leading Lawyers for Business, 2011-2020; Outstanding Mentor, Arizona State University Program on Law & Sustainability Mentorship Initiative, 2017; 50 Most Influential Women in Business, AZ Business Magazine, 2013; and Top 25 Women in Business, Phoenix Business Journal, 2012.
“I’m grateful for all the incredible mentors throughout my career,” De Blasi said. “I’m thankful for the support I’ve received from so many influential leaders to forge this path and undertake this endeavor.”
A native of Colorado, De Blasi earned a B.S. in political science with a minor in biology/zoology from Arizona State University and a J.D., Law, Certificate of Emphasis in Environmental Law, from the University of Washington.
“Michelle has always been a trailblazer, especially by forming and leading the Arizona Energy Consortium,” said Sarah Strunk, Chair of the Board of Directors at Fennemore Craig. “We at Fennemore look forward to continuing our collaboration with Michelle in the future.”
For more information visit mdb-law.com.
by Peter Madrid | May 5, 2020 | News & Updates
PHOENIX, ARIZ. (May 5, 2020) – When the Town of Gilbert Development Services Department points to an example of a light industrial building that meets and exceeds its design standards, it looks no further than the Hawkins Design Group’s office/warehouse, which was designed by award-winning firm Cawley Architects.
Hawkins Design Group is a professional electrical engineering firm that also specializes in photovoltaic (PV) solar energy systems. The $3 million, 12,275 SF building is a mixed-use project with business office operations (6,000 SF) as the primary occupancy along with a large warehouse area (6,275 SF).
“This project consists of corporate offices for one of the Valley’s most successful family-owned electrical engineering firms. It’s a point of pride that a consulting engineering firm could build its own building that is an ongoing company resource as well as an example of its professional accomplishments,” said Cawley President/Founder Sherman Cawley, AIA, SIOR.
A unique steel-framed canopy over the main entry glass wall defines the entrance to the building. This feature is replicated over the office windows to enhance the façade of the building. Similarly, steel beams continue around the side of the building to cover the large outdoor patio making it an ideal place for group gatherings during any season.
As an energy-efficient feature, and to display their solar business, they installed photo-voltaic solar panels on the building roof and parking structures.
The main interior focus of the project is the open space office area, where project managers work in a collaborative office environment highlighted by outstanding light fixtures. The office area is supported by an impressive conference room and a flexible break room area that opens onto a large, expansive covered patio. Unique contemporary lighting schemes are featured in each private office to illustrate the variety of possible fixtures and effects that a customer may choose to showcase in their business.
Cawley Architects worked closely with Dave Hawkins and his executive team to incorporate favorite decorative themes into the project. These include an enormous tank of saltwater fish, photos of fishing expeditions, and other marine-themed mementos.
The lobby, conference room, open office area and break room floors have been painted a stunning deep blue color reflecting owner Dave Hawkins’ love of the ocean and its bounty. Subtle blue and white accent lighting can be observed throughout the interior as well.
Additionally, the lobby, conference room, open office area and break room floors have been painted a stunning deep blue color reflecting Hawkins’ love of the ocean and its bounty. Subtle blue and white accent lighting can be observed throughout the interior as well.
“We began looking at pre-owned buildings nearly 3 years ago when we realized we needed a larger workspace for our team,” Hawkins said. “After touring many existing buildings and realizing that none of them ‘fit the bill’, we approached Cawley Architects to begin to investigate the potential of designing a ground-up.
“The incredible team at Cawley Architects not only accepted the task, but created a space far beyond anything we could have imagined. By taking simple ideas that our management team had about how we wanted the space to feel, Cawley was able to design our building as a showroom for our clients while taking into account the needs and desires of our entire workforce, creating a ‘home away from home’ for our team to enjoy,” Hawkins added.
Other features of the project, 1140 W. Harwell Road, include a secured yard and a large warehouse area for Hawkins’ vehicles and storage of supplies.
The general contractor for the project was Kennedy Design Build.
A unique steel-framed canopy over the main entry glass wall defines the entrance to the building. This feature is replicated over the office windows to enhance the façade of the building.
About Cawley Architects
With almost 800 high-value projects in our portfolio, Cawley Architects is one of the most prolific architectural firms in Arizona. For 25 years, we have been applying our uniquely collaborative approach to project management in order to create buildings of superior form, function and value. During that time, it has been our privilege to participate in some of the top commercial projects throughout the Valley along with an exceptional group of clients, contractors, and design professionals. We are knowledgeable in the specialized architectural requirements, technologies and trends of many building types. This includes: Industrial, Healthcare, Education, Bioscience, Restaurant, Entertainment, Office, Commercial, Automotive, Manufacturing, Distribution, Aerospace, Retail and Tenant Improvement. From small neighborhood bistros to large biotech laboratories, we have the expertise, resources, and connections to serve your needs and execute your plan — and provide you with unsurpassed value. cawleyarchitects.com.
by Peter Madrid | May 4, 2020 | News & Updates
SCOTTSDALE, ARIZONA (May 4, 2020) – Land Advisors Organization of Metropolitan Phoenix is pleased to announce the sale of 279 lots in Northern Crossing Maricopa, located at the NEC of Northern Avenue and Cotton Lane, to Lennar Arizona, Inc., for $5.5 million.
The sale of this parcel is 66.61 gross acres and is zoned and platted for 202 lots with a dimension of 45 feet by 120 feet and 77 lots with a dimension of 50 feet by 120 feet.
The sale was handled by Mike Schwab, Bret Rinehart, Ryan Semro, and Ben Heglie of Land Advisors Organization of Metropolitan Phoenix who specialize in home builder developments and master-planned communities throughout Arizona.
“Lennar continues to expand their presence along the Loop 303 Corridor in the South Surprise sub-market,” Schwab said. “This new subdivision will have a minimum lot size of 45 feet by 120 feet and will provide new home product for both the ‘first-time’ and ‘first-time move-up’ home buyer.”
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.
by Peter Madrid | May 4, 2020 | News & Updates
TEMPE, ARIZONA (May 4, 2020) – The message is simple, yet moving: “To the World you are a Mother but to your family you are the World! Happy Mother’s Day.”
That message will be on signs as family members of LivGenerations Ahwatukee residents honor their mothers, grandmothers and great grandmothers with a “drive-through parade” on Mother’s Day, May 10.
LivGenerations is a senior living, independent living, and memory care community at 15815 S. 50th St., in Phoenix, with 137 residents.
“Normally we do a Mother’s Day brunch and tea,” said Vibrant Living Director Nila Soliz. “This is a new event because of the COVID-19 pandemic. One of the daughters of a resident came up with the idea. We then added to it.”
LivGenerations officials sent out 105 invitations and received more than 50 confirmations from the families.
Family members will gather at 9 a.m. at the Cold Beers & Cheeseburgers, 5005 E. Chandler Blvd. The parade will wind through the community beginning at 10 a.m. For residents who can’t leave their apartment to attend the event in person, the parade will be recorded and shown to them later, officials said.
The parade will be live-streamed and social distancing will be a priority.
A sign-making event is scheduled Saturday from 9 a.m. to 2 p.m. at the Tuk Café at the LivGenerations community. The signs will be displayed in front of the building then delivered to the moms’ apartments after the parade.
LivGenerations Ahwatukee last year embarked on a partnership with the National Charity League, Inc., a non-profit organization that fosters mother-daughter relationships in a philanthropic manner committed to community service, leadership development and cultural experiences.
The National Charity League hand-made more than 200 floral arrangements and will give them to LivGenerations Ahwatukee mothers, grandmothers and great grandmothers to help them celebrate Mother’s Day.
by Peter Madrid | Apr 28, 2020 | News & Updates
7th annual event lets teams compete for bragging rights and cash
PHOENIX, ARIZ. (April 28, 2020) – The 7th REIAC/Rockefeller Group Challenge will again offer a cash prize to a winning team of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program – with a new twist.
This year’s competition will be held via Zoom because of the stay-at-home restrictions imposed as a result of the COVID-19 pandemic.
The event is May 6 and begins at 4:15 p.m. The presentation is from 4:30 to 5:30 p.m. with voting and announcement of the winning team at 5:30 p.m.
“Zoom in, watch, and vote. REIAC’s Program Committee and Board were determined to find a way to hold the Challenge,” said REIAC Southwest President Dave Kross.
This year the focus is on Danelle Plaza. Located at SWC of Mill Avenue and Southern in Tempe, it is a subdivided, 1960s retail center known for the Yucca Taproom with numerous individual building owners. It is partially owned by the City of Tempe.
The MRED students were asked to make proposals for redevelopment of the10.8-acre center area that includes 3.1 acres of vacant land Tempe owns and 7.07 acres encircling the city-owned property which is common area under control of the Danelle Plaza CC&Rs. This area is owned by all Danelle Plaza owners as an undivided interest making a solution very complicated.
“This is their thesis – their culminating experience requiring use of all they have learned,” said Mark Stapp, Executive Director of the MRED program. “There are wicked problems that test them and would challenge anyone, even the most experienced of us.”
The Novus Innovation District in Tempe was the focus of the three teams competing in last year’s challenge. Capturing top honors was the Original Company for its project, Karsten. Original Company garnered $1,000 each for team members Jason Wagner, Lindsey Campbell, Tanner Weekes and Wade Troeger.
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 2020 event is free for public viewing. Registration is required for the REIAC/Rockefeller Group Challenge by visiting reiacsouthwest.org or logging in to asu.zoom.us/j/281412401.
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:
- The W. P. Carey School of Business
- The Sandra Day O’Connor College of Law
- The Herberger Institute for Design and the Arts
- The Del E. Webb School of Construction https://programs.wpcarey.asu.edu/masters-programs/real-estate-development
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