by Peter Madrid | Sep 18, 2019 | News & Updates
PHOENIX, ARIZONA (September 18, 2019) – Alice Cooper made a name for himself on the American music scene as the father of “shock rock” performers. He is now one of the most visible and philanthropic Valley residents and is the featured guest at NAIOP Arizona’s Signature Speaker Series.
The event is scheduled for Thursday, October 24 at the Tempe Center for the Arts, 700 W. Rio Salado Parkway, Tempe. Registration begins at 3 p.m. The event, Alice Cooper “Unplugged,” a conversation moderated by Valley celebrity Mark Cordes, begins at 4:30 p.m. A networking reception begins at 5:30 p.m.
Born Vince Furnier, Alice is a native of Michigan. The family moved to Phoenix in the 1960s and he attended Cortez High School. He and his wife Cheryl are well known in Valley charity circles for their philanthropy. Events include an annual musical competition, his annual “Christmas Pudding” concert, his Rock & Roll Fundraising Bash and his annual Rock & Roll Golf Classic. The 2020 tourney will be the 23rd annual event.
He also sponsors the Rock Teen Center, which inspires teens (ages 12 to 20) to grow through music, dance and art. The center provides vocational training in sound and recording, lighting and staging, video production, as well as a computer lab and a supervised facility for the teens to engage with their peers.
Alice Cooper was originally a band consisting of Furnier on vocals and harmonica, Glen Buxton on lead guitar, Michael Bruce on rhythm guitar, Dennis Dunaway on bass guitar and Neal Smith on drums. The original Alice Cooper band released its first album in 1969. It broke into the international music mainstream with the 1971 hit song “I’m Eighteen” from its third studio album Love It to Death.
The band reached its commercial peak in 1973 with its sixth studio album Billion Dollar Babies. In 2011, the original Alice Cooper band was inducted into the Rock and Roll Hall of Fame.
His current band, the Hollywood Vampires, features Aerosmith guitarist Joe Perry and actor/rocker Johnny Depp. They have been together since 2015.
Registration fees: $65, Developing Leaders; $75, members; $275, four member tickets; and $125, non-members. For tickets or further information, email NAIOP Arizona at rsvp@naiopaz.org.
by Peter Madrid | Sep 18, 2019 | News & Updates
PHOENIX, ARIZ. (September 18, 2019) – NAI Horizon has hired Jennifer Loehnert to bolster its tenant representative presence in its retail and industrial service lines.
Loehnert has held an Arizona real estate license for 13 years and most recently worked at Arizona Brokerage Company in both residential and commercial. Her focus has been primarily on tenant representation, working as a generalist with clients in office, retail and industrial.
Loehnert’s expertise is in the Metro Phoenix/Biltmore/Scottsdale corridors. She will define a more strategic area of specialty over the next several months. Loehnert will hold the title of Associate.
“Jennifer is a great addition to our NAI team,” said Terry Martin-Denning, CEO/Designated Broker of NAI Horizon. “She has a strong work ethic, amazing energy and the desire to use her expertise to provide the highest level of service to her clients..”
Loehnert also possesses years of experience in property management, project management and investments. She previously worked as a project manager for a small LLC in North Dakota. The company focused on remodels and rentals.
Her previous experience as a residential project manager and her interior design acumen have provided her with construction and space planning insight.
Loehnert was raised in an Air Force family and lived in Montana, North Dakota, California and Florida. She earned her undergraduate degree in real estate from the University of North Dakota.
She is involved with BNI Arizona, National Association of Realtors (NAR) and Arizona Association of Realtors (AAR). Her philanthropy includes working with various non-profits on fund-raising and outreach programs.
by Peter Madrid | Sep 16, 2019 | News & Updates
TEMPE, ARIZONA (September 16, 2019) – Since it was founded in 2004, Solutions AEC has grown its footprint in 37 states and opened an office in Tempe.
As the St. Louis-based fully-integrated, engineering-led building systems and construction firm celebrates its 15th anniversary, its growth plans include expanding it presence in Arizona and growing the Tempe office. Solutions AEC employs a workforce of 41.
“Solutions AEC has been blessed with a steady stream of great relationships,” said Principal/CEO Matt Ford, PE. “Team members who live by the SAEC core values have strengthened their relationships with each other, our clients, building owners and our community.
“Our most valuable asset is our people. We preach ‘team’ in everything we do, whether it’s teaming with our clients or teaming with good people within the walls of our offices in St Louis and Tempe,” Ford said.
Solution AEC’s Arizona footprint includes Link PHX, a multifamily project at Third and Pierce streets in Phoenix; the City of Phoenix’s 27th Avenue compost facility, an industrial project; Tempe Crossroads, a student housing project; and La Loma, a Sun Health senior living home in Phoenix.
Solutions AEC provides mechanical, electrical, plumbing, design-build construction and engineering services. It is focused on delivering services to owners, general contractors and architects that ensure that building occupants get more building for their money.
The commissioning services group insures a fully functional building that meets the energy efficiency and functional performance goals for the project. Solutions AEC executes projects from coast to coast and enjoys a strong track record of keeping design/build projects under budget and providing timely delivery on the mechanical, electrical, plumbing and fire protection systems it constructs.
The Solutions AEC market share includes industrial; healthcare; multifamily including senior and student living; commercial/mixed use; hospitality; and federal projects.
“We take great pride in the projects to which we’ve added value,” Ford said. “We served as the MEP engineering consultants on the nation’s first Net Zero project under the Living Building Challenge. “Since our establishment we have made a significant impact in the sustainable design and construction industry.
“For 15 years we have been able to team with outstanding contractors, vendors and designers to allow our owners to get more building for their money. Higher efficiency buildings and cost-effective systems that meet their goals for the performance of their building. I’m excited about our people and our 2030 vision and look forward to finding more outstanding people to be a part of that future,” Ford said.
For more information visit www.solutions-aec.com.
SAEC City of Phoenix compost: Solutions AEC teamed with Brycon Construction on the City of Phoenix’s 27th Avenue compost facility.
by Peter Madrid | Sep 12, 2019 | News & Updates
WASHINGTON, D.C. (September 12, 2019) – A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8 billion to Phoenix’s economy, $73.2 billion to Arizona’s and more than $3.4 trillion – or $9.3 billion daily – to the national economy.
The new report, available at WeAreApartments.org, provides a detailed breakdown of the economic impact nationally, by state, and in 50 metro areas.
In Phoenix, the apartment industry supports 284,400 jobs. Other financial contributions break down as follows: resident spending contributes $48.6 billion to the local economy, operations add $1.9 billion, new construction contributes $2.5 billion, and renovation and repair add $770 million.
“As demand for apartments continues to grow locally and nationally, the significant contributions to Phoenix’s economy also increase,” said Courtney LeVinus, President and CEO of Arizona Multihousing Association (AMA). “Apartments drive our local economy by adding employment opportunities, as well as revenue from resident spending, new construction, renovation and repair, and operations, all of which are positively impacting Phoenix.
According to Bloomberg, 200 people on average move into Metro Phoenix on a daily basis. LeVinus noted that creates the need for more rental housing, especially workforce and affordable housing.
“Apartments are an ideal solution for many, including students, recent graduates, young professionals, families and empty nesters,” LeVinus said. “The apartment industry will continue to work with our elected and appointed officials at all levels of government to expand the apartment housing supply to meet demand.”
The study also determined that the apartment industry has a major impact on local, state and national tax economies. Locally, tax payments associated with local apartment operations added $360 million and their residents contributed more than $5.5 billion in taxes to the Metro Phoenix economy. These taxes support schools, improvements to local infrastructure and other critical services in Phoenix.
In Arizona, the apartment industry also gives back to its community. AMA and our members have contributed over $1 million to charities including UMOM New Day Center, SARRC, Our Family Services, Autism Speaks Arizona, Tucson Homeless Connect and the Julie Hurst and Steve Peters Education Fund scholarship.
Highlights from the report include:
- All four sectors of the industry have posted very strong growth, punctuated by the construction industry ramping up to meet the unprecedented demand for apartments this cycle – reaching a height of 346,900 new apartments built in 2017, up from 129,900 in 2011.
- Previous research by Hoyt Advisory Services demonstrated a need to build an average of 328,000 apartments per year at a variety of price points, which would bring continued economic activity. This number of apartment completions has only been surpassed twice since 1989.
- Hoyt research also found that a significant portion of the existing apartment stock will need to be renovated in the coming years, boosting the renovation and repair sector.
“The apartment industry’s contribution is one that has grown in recent years, fueled by increased rental demand overall as population and employment growth continue and renting becomes a preferred tenure choice for millions of Americans,” said Eileen Marrinan, Managing Director of Eigen 10 Advisors, which partnered with Hoyt.
Visit www.WeAreApartments.org and view the data, which is broken down by state and metro area. Visitors can also use the Apartment Community Estimator (ACE), a tool that allows users to enter the number of apartment homes of an existing or proposed community to determine the potential economic impact within a particular state or metro area. For the purposes of this study, apartments are defined as rental apartments in buildings with five or more units.
About Arizona Multihousing Association:
The Arizona Multihousing Association is the statewide trade association for the apartment industry, representing more than 2,000 members in legislative, legal, and regulatory matters. The AMA provides services, products, educational programs, and networking opportunities to promote ethical, quality rental housing throughout Arizona. For more information, visit azmultihousing.org.
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For more than 25 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) have partnered on behalf of America’s apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of more than 150 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. Today, more than one-third of Americans rent their housing and 39 million people live in an apartment home. For more information, please visit www.nmhc.org or www.naahq.org.
by Peter Madrid | Sep 11, 2019 | News & Updates
PHOENIX, ARIZ. (September 11, 2019) – NAI Horizon is pleased to announce it has hired land and industrial specialist Christopher Lewis, former designated broker and owner of a Valley brokerage company.
Lewis, a native of Omaha, Nebraska, has extensive experience in distressed properties, REOs and underperforming assets. In addition to value-add opportunities, Lewis has significant experience in vacant and agriculture land. He also possesses considerable knowledge of the trustee sales process.
Lewis, who will serve as a vice president at NAI Horizon, was designated broker/owner of Arizona Brokerage Company for 6 years.
“I am happy that Chris decided to join our NAI team,” said Terry Martin-Denning, CEO/Designated Broker of NAI Horizon. “His areas of expertise fill a niche that will allow NAI to better serve our clients.”
Lewis is a graduate of the University of Nebraska-Lincoln. His philanthropy includes volunteering with Phoenix Children’s Hospital and the Boys and Girls Clubs of Phoenix.
by Peter Madrid | Sep 10, 2019 | News & Updates
PHOENIX, ARIZONA (September 10, 2019) – A deal in which five members of the retail team represented the landlord and the tenant for a new Planet Fitness in Gilbert, Arizona, highlights recent transactions closed by NAI Horizon professionals.
The NAI Horizon retail properties team of Senior Vice Presidents Shelby Tworek, Chris Gerow and Gabe Ortega and Associate Patrick Anthon represented the tenant; Senior Associate Horth Hong, also a retail broker, represented the landlord.
Lease Transactions:
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, United PF, in a 120-month retail lease for 24,287 SF at 4874 S. Val Vista Dr., Gilbert, AZ. The landlord, Val Vista Queen Creek, LLC, was represented by Horth Hong with NAI Horizon.
Matt Harper represented the tenant, A Omega Dental, LLC, in a 120-month retail lease for 2,100 SF at 14884 N. Pima Road, Scottsdale, AZ. The landlord, SCU Broncos, LLC, was represented by Max Bippus with CBRE.
Joan Krueger represented the tenant, Vitasome Labs, Inc., in an 88-month industrial lease for 5,454 SF at 7613 E. Ray Road, Mesa, AZ. The landlord, CRP/MarWest Landing I Owner, LLC, was represented by Alex Wentis and Pete Wentis with CBRE.
Laurel Lewis and Thomas Bean, CCIM, represented the tenant, LynnCo Supply Chain Solutions, Inc., in a 39-month office lease for 4,094 SF at 7855 S. River Parkway, Tempe, AZ. The landlord, Biddulph-Peoria, LLC, was represented by Gregg Kafka with Lee & Associates.
Matt Harper, CCIM, represented the landlord, Puchhi, Inc., in a 61-month retail lease for 2,480 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, Hybrid City, LLC, represented itself.
Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CC Fund II Maricopa, LLC, in a 63-month retail lease for 1,400 SF at 21101 N. John Wayne Parkway, Maricopa, AZ. The tenant, Desert Made, LLC, was represented by Mitch Korrub with Royal Commercial Real Estate.
Isy Sonabend represented the tenant, WIT Logistics, LLC, in a 23-month industrial lease for 6,500 SF at 447 W. Watkins Rd., Phoenix, AZ. The landlord, Harrison Properties, LLC, represented itself.
Matt Harper, CCIM, represented the landlord, Sayan 26 Investment Group, LLC, in a 36-month retail lease for 1,200 SF at 4323 W. Cactus Road, Phoenix, AZ. The tenant, Mattress by Appointment Southwest, LLC, represented itself.
Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 38-month retail lease for 1,000 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Arturo Sanchez and Veronica Tolentino, represented itself.
Dylan Whitwer represented the tenant, Farmer Insurance Agent, in a 26-month office lease for 775 SF at 10201 S 51st. St., Phoenix, AZ. The landlord, SSM Properties II, LLC, was represented by Phil Wurth with Colliers.
by Peter Madrid | Sep 9, 2019 | News & Updates
PHOENIX, ARIZONA (September 10, 2019) – Dr. Christopher Thornberg is well known for forecasting the subprime mortgage market crash that began in 2007 and was one of the few economists on record to predict the global economic recession that followed.
Dr. Thornberg is a featured speaker and will present “Will the Real Economy Please Stand Up?” at the 21st Annual Arizona Self-Storage Association (AZSA) Conference & Trade Show Sept. 25 and 26 at the Wild Horse Pass Hotel & Casino, 5040 Wild Horse Pass Blvd., in Chandler.
AZSA is the trade association that represents the self-storage industry in Arizona.
“AZSA consistently strives to bring in speakers with the credentials of Dr. Thornberg to address our conference,” said Dave King, Managing Director, Self Storage, for Wentworth Property Company and AZSA President. “Whether it’s the U.S. economy or the local economy, speakers at our conference present the most accurate, timely and relevant information.”
Dr. Thornberg will speak on Sept. 25. Beacon Economics LLC was founded by Dr. Thornberg in 2006. It’s one of the most respected research organizations in the country, serving public and private sector clients across the U.S. He is an expert in economic and revenue forecasting, regional economics, economic policy and labor and real estate markets.
“Phoenix is one of the most successful cities in the U.S. from a growth perspective,” he said. “That’s a huge upside. That’s where people are moving. It still has a relatively low cost of living in relation to other parts of the country. As long as that continues the next couple of years, the Arizona market will be strong.”
Appearing on a podcast for RE Radio in California, Dr. Thornberg discussed the inverted yield curve the financial market witnessed recently.
“We do not really know the answer,” he said when asked if the likelihood of a recession will increase. “Every one of the last recessions was preceded by an inverted yield curve. It is probably one of the strongest indicators that we are about to go into a downturn.
“There are typically other issues at play. The Federal Reserve is typically responding to some growing imbalance inside the economy. The result is rates being pushed up to try and cool things off to invert the yield. It is a symptom of another underlying problem rather than a problem itself.”
The AZSA conference comprises the Owners Summit on Sept. 25 and the Operational Symposium on Sept. 26. The annual golf tournament precedes the conference Sept. 24 at Whirlwind Golf Club at Wild Horse Pass.
This year’s theme is “Embracing Change to Compete Today.”
“Self-storage is no longer under the radar as an asset class. If you are an investor or business owner, there’s never been a more important time to know what’s going on in the industry. Due diligence is more important than ever before,” King said.
The conference will include vendor/sponsor exhibits in the showroom where presentations take place. Registration fee is $190 for owner/operator members; $240 for owner/operator non-members. Register here.
by Peter Madrid | Sep 4, 2019 | News & Updates
PHOENIX, ARIZ. (Sept. 4, 2019) – Coworking office space is taking American businesses by storm. Whether it’s a startup looking for its first office space or a large firm looking to expand, coworking offers many options.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix real estate field, presents a look at coworking Sept. 17 at Phoenix Country Club, 2901 N. 7th St., in Phoenix.
Novel Coworking’s Community Operations Manager Bylss Davis will discuss the company’s recent Phoenix acquisitions and how coworking is changing the way people think about office space.
Located in Midtown Phoenix on the Central Corridor, Novel Coworking’s Valley location features ninth- and 10th-floor private offices with floor-to-ceiling city views, as well as coworking memberships and office suites for teams of up to 100.
AZCREW’s September lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $40; non-member pre-registration is $65. Registration closes Sept. 12. Lunch is included. Register here.
by Peter Madrid | Sep 3, 2019 | News & Updates
ALBUQUERQUE, N.M. (Sept. 3, 2019) – Terracon, an employee-owned consulting engineering firm, has promoted Environmental Department Manager Dave Matson of its Phoenix office to lead the Albuquerque, N.M., office.
Matson was promoted to Principal/Office Manager. He will be responsible for management of operations, business development, safety, client experience, technical review and leading and mentoring the staff. Matson has been with Terracon for 21 years.
“Dave’s experience at Terracon, as well as his people leadership skills, make him the perfect leader for our Albuquerque operation,” said Maroun Moussallem, P.E., Senior Vice President at Terracon. “We are very excited and look forward to having Dave and his team deliver outstanding client experiences in Albuquerque and across New Mexico.”
A native of Phoenix, Matson attended Northern Arizona University, earning a Bachelor of Science degree in environmental science.
Matson is involved with numerous industry groups including American Council of Engineering Companies, Environmental Information Association, Alliance of Hazardous Materials Professionals and Wireless Telecommunications Worldwide.
His community involvement includes Boy Scouts of America, Cub Scout den leader; American Cancer Society, team leader, Climb to Conquer Cancer; and Phoenix Children’s Hospital, volunteer, Ignite Hope.
Away from the office Matson enjoys hiking, biking, camping and fishing.
Terracon provides environmental, facilities, geotechnical and materials services from more than 140 offices with services available in all 50 states. Terracon currently ranks 24th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.
To learn more about Terracon visit terracon.com/offices/albuquerque/
by Peter Madrid | Sep 3, 2019 | News & Updates
PHOENIX, ARIZ. (Sept. 3, 2019) – NAI Horizon represented the seller through a revocable trust in the $1.748 million disposition of an industrial warehouse at 3265 N. Delaware St., in Chandler, Ariz.
NAI Horizon Senior Vice President Jeff Adams represented Hugh J. Doss and Margarette E. Doss, as Trustees of the Hugh J. Doss and Margarette E. Doss Revocable Trust.
The 16,417 SF property is a freestanding, fenced-improved industrial building. The sale included a partial seller leaseback of up to 18 months with a nominal mutual lease termination clause.
The facility will be occupied by a supplier of window covering solutions for the design industry. Built in 2001, the industrial warehouse has clear ceiling heights of 22 feet. It features more than 3,000 SF of improved office and is located in a secure industrial park.
“The transaction was a unique win-win for both sides,” Adams said. “It allowed the buyer to slowly expand into a neighboring facility while allowing the seller, who preferred not to move immediately, the ability to lease back nearly half the space for a mutually determinable period. For a minor sales price discount accorded the buyer, the seller was able to lessen its capital gains tax hit while also receiving a reduced market lease back rate.”
Adams also represented the current seller in the original purchase of the facility almost 14 years ago.
Gary Pedersen with Phoenix Commercial Properties represented the buyer, Helser Brothers Investments LLC, an Arizona limited liability company in Chandler.
