by Peter Madrid | May 14, 2019 | News & Updates
PHOENIX, ARIZONA (May 14, 2019) – The Arizona Multihousing Association honored 16 individuals, four communities and four teams/communities Saturday night at the 27th Annual AMA/Cox Communications Tribute Awards.
More than 1,500 gathered at the Phoenix Convention Center South Building to honor the best in Arizona’s apartment community.
“This evening is about recognizing the true leaders in our industry,” said Courtney LeVinus, AMA President and CEO. “Tonight, we celebrate you. These are the people who make our communities some of the greatest places to live in Arizona.”
Arizona’s apartment industry generates 22,000 jobs, $699 million in wages and $3.8 billion in economic impact each year as 37 percent of Arizona residents live in rental housing.
“I challenged everyone during the opening of the show to be unified as an industry, lift one another up, and celebrate together,” said AMA Board Chairman John Carlson of Mark-Taylor Residential. “I’m proud to say Mark-Taylor led by example as 220 strong in attendance stood and cheered loudly for each and every award winner.”
Master of ceremony for the evening was long-time Valley television personality Rick DeBruhl. The AMA received more than 655 nominations from 34 member companies. Volunteers donated hundreds of hours of their time to help judge.
2019 Tribute Awards winners
Appreciation for 27 years as title sponsor: Cox Communications
Industry Partner, Tucson: Amber Stevens, Apartment Guide
Industry Partner, Statewide: Chris Worrell, GPM Landscape
Volunteer of the Year, Tucson: Elizabeth Beaulieu, Quarterpenny Management
Volunteer of the Year, Statewide: Rodney Wilson, Greystar Real Estate Partners
Affordable Community of the Year: Valor on 8th, Gorman & Company, LLC
Renovated Community of the Year: Scottsdale 59, Baron Property Services, LLC
Developers Award for Best Community Design (Garden): Hampton East, Shelton Residential
Developers Award for Best Community Design (Mid/Low Rise): The Curve at Melrose, P.B. Bell Companies
Housekeeper, Reanie Roseberry: Scotia Group Management
Leasing Consultant, Jeana Turano: Baron Property Services, LLC
Assistant Manager, Bethany Flores: Weidner Apartment Homes
Service Technician, Isaac Sanchez: Alliance Residential Company, LLC
Service Supervisor 1-199 Units: Ryan Nutima, Baron Property Services, LLC
Service Supervisor 200+ Units: Richard Ryan, Greystar Real Estate Partners
Service Supervisor OTV: David Fierro, Scotia Group Management, LLC
Community Manager 1-199 Units: Kelsey Fortenberry, Shelton Residential
Community Manager 200+ Units: Ciera Moraga, Mark-Taylor Residential
Community Manager OTV: Shalom Curtis, HSL Asset Management
Best Team & Community prior 2000: Camden San Marcos, Camden Property Trust
Best Team & Community 2000-2010: San Lagos, Mark-Taylor Residential
Best Team & Community 2011-2018: Broadstone Waterfront, Alliance Residential Company, LLC
Best Team & Community OTV: Legacy at Dove Mountain, Shelton Residential
Regional Service Supervisor: Rodney Wilson, Greystar Real Estate Partners, LLC
Property Supervisor: Ashley Tran, Mark-Taylor Residential
2019 AMA/Cox Tribute Awards sponsors. (Photo by Rad Exposure Photography).
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.
by Peter Madrid | May 8, 2019 | News & Updates
PHOENIX, ARIZ. (May 8, 2019) – Healthcare trends currently are a hot topic. How these trends impact the commercial real estate industry is an even hotter topic.
AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, will examine medical real estate trends at its May luncheon. The event is May 21 at the Phoenix Country Club, 2901 N. 7th St.
May’s speakers include Julie A. Johnson, Principal, Avison Young; Randy McGrane, Managing Director and CEO, Ensemble; and Sonja Nelson, Chief Strategy Officer, Abrazo West Campus.
With today’s healthcare focus on patient wellness and care satisfaction – as well as providing delivery efficiencies including convenient and easily accessible locations – healthcare providers have had to take the initiative of being proactive and making it easier for the patients to get treatment. Developers of healthcare facilities have also had to adjust to this shifting real estate strategy.
“That’s when the shift started towards providing healthcare that is not focused on making the hospital the center of the universe,” Johnson says. “There is a lot of real estate involved.”
AZCREW’s May lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $45; non-member pre-registration is $65. Lunch is included. Registration ends May 16. Register here.
About AZCREW:
With more than 175 members, AZCREW is the leading organization for senior-level executive women in the Metro Phoenix real estate field. 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.
by Peter Madrid | May 7, 2019 | News & Updates
PHOENIX, Ariz. (May 8, 2019) – Vice President Rachael Thompson of the Phoenix Kidder Mathews healthcare team represented the owner in the sale of a pair of medical office buildings in Chandler, Arizona.
Thompson represented Resolution Fund Management in the sale totaling $1.26 million of Building A and Building B at 908 W. Chandler Blvd., in the highly sought-after Southeast Valley market.
Building A, 3,453 SF, was sold to an investment group for $780,000; it is currently occupied by Baymark Health Services, a national detox and counseling center. Building B, also 3,453 SF, was sold to an owner/user for $480,000 and will be occupied by a medical tenant.
“The Chandler medical office market is tight with a vacancy of under 5 percent,” Thompson said. “In both of these transactions, the lack of available product and investment opportunities contributed to the successful distribution. It was a pleasure working with the team at Resolution Fund Management on these two transactions.”
Built in 1999, the assets are within close proximity to the Loop 101 and Chandler Regional Hospital. They are situated in a submarket with very little available medical office inventory.
The buyer of Building A was represented by Marcus Muirhead of Lee & Associates; the buyer of Building B was represented by David Elton of Arizona Best Real Estate.
by Peter Madrid | May 7, 2019 | News & Updates
PHOENIX, ARIZONA (May 7, 2019) – The Novus Innovation District in Tempe was the focus of the three teams competing in the 2019 REIAC/Rockefeller Challenge. Capturing top honors at the 6th annual event was the Original Company for its project, Karsten.
Teams consisting of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program competed for cash prizes. Original Company garnered $1,000 each for team members Jason Wagner, Lindsey Campbell, Tanner Weekes, and Wade Troeger.
Three of seven teams in this years’ MRED program advanced to the May 2 Challenge held at the Arizona Country Club. Teams were given the project on February 25.
“This is as close as you get to being in the business,” said Mark Stapp, director of the MRED program. “Pick a project, make a pitch, make money.”
This year’s development project included 48 acres on the back nine of the Karsten Golf Course at the NWC of Rio Salado Parkway and McClintock Drive. It was on a 99-year ground lease with ASU. This was the MRED students’ 3rd Synthesis project for their final grade.
The winning team:
>> Original Company – Karsten: The goal was to develop an urban neighborhood in which residents are interconnected with the environment and surrounding communities. Karsten is a name that is familiar to the area. To honor the generous support of Karsten and Louise Solheim and the Sun Angel Foundation, the development would keep the name Karsten.
Karsten would comprise three phases with a projected completion date of May 2029. It would feature: Hospitality, 165,000 SF, 165 keys; multifamily, 2 MSF, 1,700 units; office, 440,000 SF; and retail, 94,000 SF.
A key aspect of the project was the emphasis on multifamily to serve the thousands of jobs located along the Rio Salado Parkway corridor. It would include low-rise to mid-rise buildings and include workforce housing, which is in great need in Tempe.
“More family-oriented multifamily,” said Campbell, who added that the project would take advantage of Tempe Town Lake for the hospitality component of the project.
Total project cost would be $46 million; land ground lease payment would be $20 million; total sales were projected to be $86 million. Unlevered IRR, 18.5 percent; levered IRR, 28.3 percent; equity multiple, 2.2x.
The other finalists and their projects:
>> Pari Passu Development – The Vector: The goal of this project was to fuse a community with different skill sets across generations connected by transit. The 48-acre project was a vertical development of co-living and community space. The Vector would maximize the community space with different programs such as Ted Talks and Pitch Nights to stimulate and motivate companies through collaborative events.
The Vector would attract startup techs such as Carvana and Offerpad. Landing those tenants would continue the momentum of the PropTech market. It would include office, residential, retail and hospitality.
The development included two buildings: HQ, co-working/creative office and co-living with the ASU School of Design located on the first floor; and The Hub, at the heart of the Vector. It would feature creative office and mixed-use conference space.
The 5-year target hold period included a ground lease payment of $60 million, a levered IRR of 27.85 percent and levered multiple of 2.02x. The Vector would take advantage of being in an opportunity zone.
Team members included Kevin Bauer, Vicente Hunneeus, Thomas Quiroz and Rachel Rodriguez.
>> Hydra Development – The Nexus: The goal of this project was to be the birthplace of the next big thing in the heart of Tempe. It would nurture and foster the next generation of business through community-focused programming and support.
It would provide access to a young, highly-educated workforce. Also located in an opportunity zone, it would have access to capital equity over a 10-year hold time.
The Nexus would include office, retail, multifamily and hospitality. Phase 1 was the Boardwalk; Phase 2 was The Towers, a 230-key luxury hotel and The Retreat, a multifamily project of 481 units. Phase 3 was Nexus Avenue and The Nouveau (572 units); Phase 4 was the Karsten Business Park.
The Nexus program called for innovation space that included 5,000 SF of incubator restaurant space. The Nexus would also have a community association. It would offer physical, social and cultural placemaking geared toward supporting the stakeholders and occupants.
The LTV would be 65 percent for nine parcels and a $96.9 million ground lease payment. It would have an IRR of 28 percent.
Team members were Danielle Carlson, Frank Collins, Michael Roberts and Michael Sobel.
Each team was allotted 10 minutes to present a development solution followed by questions from the audience. Audience members chose the winning team immediately after the presentations.
Rachel Rodriguez of Pari Passu Development presents her team’s project at the 2019 REIAC/Rockefeller Challenge. (Photo by Carl Schultz)
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
by Peter Madrid | May 6, 2019 | News & Updates
PHOENIX, ARIZ. (May 7, 2019) – Looking to continue building connections through design expertise and industry leadership, Cawley Architects is celebrating its 25th anniversary with the naming of four new partners.
For the past quarter of a century, Cawley has been one of the most prolific architectural firms in the Valley. Over that time, it has applied its unique collaborative approach to create almost 800 structures of superior form, function and value.
“It’s been our privilege to participate in some of the top commercial projects throughout the Valley with an exceptional group of clients, contractors and design professionals,” said Sherman Cawley, founder of the company. “Along with my partner Paul Devers, we have built an exceptional team and have been fortunate to win many honors, awards, and accolades. Our employees are our most important asset.”
“As we celebrate our first 25 years in business and numerous successes in the community, Paul and I are pleased to share the most exciting celebration of all, announcing four new partners who will guide this company into the next 25 years,” Cawley said.
Cawley Architect’s new partners:
>> Lynette Dreitz is Director of Finance and Administration. She oversees the firm’s financial and office administrative functions including financial reporting, cash management, billing, human resources and payroll. She has been with Cawley since 2013.
>> Kevin Fawcett is Project Director and joined Cawley in 2013. He is responsible for overseeing the design and production of projects, negotiating with the various municipalities, assisting the principals in managing the office and expanding the firm’s client base.
>> David Fulk is Project Director and responsible for initiating the design and programming of Cawley projects. He has been with the firm since 2016. Fulk is also responsible for coordinating and expanding the relationship with Cawley clients.
>> Rafael Macias is Director of Construction Administration and Quality Assurance. He oversees the coordination and confirmation of each drawing package the office produces. His duties also include mentoring, maintaining and improving Cawley’s construction documentation process. He has been with Cawley since 2014.
“Over the years Paul and I have invested time, effort and creativity to provide the resources and mentoring necessary for our staff to grow and succeed,” Cawley said. “With their dedication, attention to detail and exceptional leadership, I know that the legacy we have created will continue to grow and prosper.
“Each new partner brings their unique set of skills to those that we developed and fostered during the first 25 years. As we transition into new areas of responsibilities, Paul and I know that Lynette, Kevin, David and Rafael will continue to promote our values, high standards and exemplary customer service,” Cawley said.
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, Bioscience, Restaurant, Education, 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 2, 2019 | News & Updates
PHOENIX, ARIZ. (May 6, 2019) – The Arizona Private Lender Association (APLA) recently announced its 2019/20 Board of Directors and outlined its association/new member events through the summer.
Rob Leonard
Board officers for 2019/20 are President, Rob Leonard, Colonial Capital; Vice President, Jack Hilton, Hilton Financial Corporation; Treasurer, Aaron Zeese, PAJ Enterprises; Secretary, Phil Sollomi, Scottsdale Private Lending; and Statutory Agent, Jeff Craven, Craven Law Firm.
Other board members are Bill Anastopoulos, Gold Coast Mortgage Group; Geoff Ball, Applewood Funding; Adam Nach, Lane & Nach, P.C.; and Christine Zeihen, OPM Capital.
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.
Scheduled events this summer include a networking/member drive/golf outing, and a seminar led by APLA member Mitch Medigovich in conjunction with the Arizona Trustee Association at the Blue Water Grill in Phoenix.
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 | Apr 30, 2019 | News & Updates
PHOENIX, ARIZONA (April 30, 2019) – NAI Horizon represented the landlord, Crismon Superstition Development, LLC, in a long-term lease at Mountain Vista Business Center, 10165 E. Hampton Ave., in Mesa.
NAI Horizon Vice President Kevin Higgins, Senior Vice President Lane Neville and Associate Logan Crum negotiated the $1.131 million lease totaling 13,288 SF. Studio R Ballet will occupy the space.
“Studio R Ballet is one of Arizona’s finest classical ballet schools, and with more than 13,000 SF and five studios, this new location will be one of the best dance facilities in Arizona,” Higgins said. “Its location in the much desired and growing Southeast Valley is also a huge plus.”
Mountain Vista Business Center sits off the US 60/Crismon Road exit and is directly across from Mountain Vista Medical Center/Hospital Campus. It is adjacent to a $200 million development, GrandeVita. The 20-acre, mixed-use campus-style community at Crismon Road and Hampton Avenue will include a Marriott hotel.
Mountain Vista Business Center comprises two buildings totaling 48,084 SF of flex office/industrial space. It has freeway visibility with more than 180,000 vehicles per day. It is located within the rapidly growing East Mesa submarket.
Alex Wentis of CBRE represented the tenant.
by Peter Madrid | Apr 25, 2019 | News & Updates
BOMA Greater Phoenix President Robert Vincent shares his goals
Robert Vincent was elected President of the BOMA Council of Greater Phoenix in November of last year. He is with Cordia Capital Management based in El Segundo, California, and is an Asset Manager.
He has been involved with the BOMA Council here for many years and has his RPA certification. As a result, his vision is to expand and deepen the educational offerings of BOMA and towards this end initiated a “Lunch & Learn” quarterly educational series around topics that property managers and building vendors would mutually value last year.
His vision for 2019 is to help bring the local council to a higher level by reforming the committee structure of the organization and making it more responsive to the Board while breaking down silos between committees so they can work more collaboratively. Other priorities include revamping the bylaws that have not been systematically reviewed for some years.
The organization has also made it a priority to review existing policies and procedures such as instituting an alcohol policy for events and has eliminated the waiting list for vendors to join. Speaking of membership which is up more than 20 percent from same time last year, Vincent and has put an emphasis on recruiting building engineers to the organization.
The organization is also much more active at the State Capitol and has re-established a lobbying presence to protect building owner bottom lines.
Finally, the organization will be adding a major new networking event this summer called Casino Night to be held Friday, July 26, at the Westin Kierland Resort.
MadridMedia sat down with Vincent to ask him more about his vision and insights about the commercial real estate industry in Metro Phoenix.
Q: What has been (or going to be) your biggest challenge this year as President?
A: I see one of our biggest challenges for 2019 is continued growth for the organization. In order to curtail that, we will need to deliver sustainable and relevant educational programs and content to our membership. We have to execute and deliver a polished product and keep membership engaged.
Q: Do you foresee a 2-year term?
A: I do. I think you need one year to steer the ship on course and the second year to truly execute the mission.
Q: What are some ideas/changes you are bringing to BOMA Phoenix?
A: For 2019, we are overhauling our entire committee structure to enhance communication and to retrieve real time information from all 12 of our committees. We will also be launching a new Alcohol Policy and bringing impactful speakers to our luncheons.
Q: What is your secret weapon for leadership?
A: Consistency. In order to effectively lead, you must be consistent and clear with your objectives. I believe that once consistency is established, your audience will know where you are going and where you are taking them. This is what I like to call “GSD” – getting stuff done.
Q: What is your background?
A: I have a strong mechanical background. I was a diesel and A/C mechanic for 10 years in a prior life and was able to apply those skill sets directly to property management. I do have a tendency to always be fixing something. Whether it’s a child’s bike at home or an emergency at a property, I am always engaged with my personal and professional life. I feel compelled to learn from others and constantly searching for long-term solutions.
Q: How do you impact the next generation of commercial real estate professionals?
A: We have to capture the next generation of industry professionals – period. I think it is essential to attract the next generation with relevant programming and mentorship.
Q: What can membership expect from the board this year?
A: I think that membership can expect transparency and action by the Board in 2019. We have a very diverse group of industry professionals who want to make an impactful difference for this organization.
Q: What legacy do you want to leave behind?
A: I want my legacy to be a term of meaningful change and revitalization. I want to bring fresh ideas and be strategic on how we grow this prestigious organization. I want to leave behind my best and want to learn from the best.
Q: What do you like to do in your down time?
A: I enjoy watching Marvel movies with my wife and three beautiful girls. I also enjoy working in the garage and rebuilding my 1967 VW Bug.
by Peter Madrid | Apr 24, 2019 | News & Updates
PHOENIX, ARIZONA (April 24, 2019) – MEB Management Services, a provider of comprehensive multifamily management services throughout the Southwest, is pleased to announce the promotion of three industry professionals at its Tucson office and a title change for one of its professionals at its Phoenix office.
In the Tucson office, Denise Trentacosta, ARM, CPM, was promoted to Asset Director; Laura Zorrilla was promoted to Director of Business Development; and Nicole Huffman was promoted to Accounts Payable Manager. In Phoenix, Susan Kauffman’s new title is Director of Strategic Relationships.
“These promotions reflect MEB’s culture of attracting and retaining the best property management professionals,” said MEB Principal Libby Ekre. “It’s also a testament to the excellent leadership we have in our Tucson office.”
Trentacosta, who has been with MEB for almost 10 years, was promoted from Assistant Asset Director. She will now have direct oversight and management of 36 employees at six multifamily communities totaling 1,525 units.
A native of Arlington, Texas, Trentacosta is involved with the Arizona Multihousing Association and its Big Hearts program. She has received ARM and CPM designations from the Institute of Real Estate Management (IREM).
Laura Zorilla
Zorrilla was promoted from Analyst. She has been with MEB for 2 years and will develop and oversee new business planning and implementation. She will also oversee corporate marketing strategy and actively represent MEB in the multifamily industry.
A native of Tucson, Zorrilla is an AMA Lyceum and a member of the AMA Communications Committee.
Huffman, who has been with MEB for 5 years, was promoted from Accounts Payable Coordinator. She will now supervise accounts payable and oversee the compliance department and vendor compliance. Huffman is a native of Indiana and was raised in Tucson.
Nicole Huffman
Kauffman, who has been with MEB for 7 years, formerly was Director of Business Development. She holds a real estate license from the Arizona School of Real Estate. A native of West Virginia, she is involved industry groups including the National Multi Housing Council and the Arizona Association of Economic Development.
Kauffman’s expertise is in market analysis, creative marketing, training, business development, corporate relocation, corporate housing and creating collaborative relationships within the real estate industry and municipalities.
Susan Kauffman
“Susan’s vast experience in the real estate industry has translated into quite impressive results for our clients,” Ekre said. “Her years of relationship building and her industry affiliations have also allowed for great insight into our new builds. Her ingenuity and entrepreneurial spirit give our clients the confidence they need in projected future rents, ancillary income and demographic targets.”
Kauffman is also the leasing and outreach trainer for MEB team members.
by Peter Madrid | Apr 23, 2019 | News & Updates
6th Annual REIAC/Rockefeller Group Challenge lets teams compete for bragging rights
PHOENIX, ARIZ. (April 23, 2019) – Last year’s REIAC/Rockefeller Group Challenge was one of the closest finishes in the 5-year history of the event. What will this year’s teams bring to the table?
Find out May 2 at Arizona Country Club, 5668 E. Orange Blossom Lane in Phoenix, when teams consisting of graduating students from Arizona State University’s W. P. Carey School of Business, Masters of Real Estate Development (MRED) program compete for cash prizes of $1,000 per team member.
This year’s 3rd Synthesis is the ASU Novus Innovation District.
Last year, Copperstate Development captured the top honor among three teams, garnering $1,000 each for Robby Leonard, Cody Wolfe, Josh Rodriguez, and Mohammed Almehaidib. Last year’s project was the 148-acre Arizona State University Thunderbird School of Global Management campus in Glendale that is moving to downtown Phoenix.
The event is open to the public. Cost is $35 for non-REIAC members and $25 for students. Registration and networking begin at 4:30 p.m., followed by the program at 5 p.m. A networking mixer begins at 6 p.m. It includes hosted beverages and appetizers.
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 at the Challenge, up to $6,000.
“If last year’s event is any indication, this year should be just as exciting,” said Mark Singerman, President of the REIAC Southwest Chapter and Vice President/Regional Director-Arizona for The Rockefeller Group, the event’s title sponsor. “I think that the cash prize is welcomed, but it’s the bragging rights from winning this competition that has changed the dynamics for the entire MRED class.”
From the start of the academic year to their final synthesis project, one of the goals for each team is to be in the top three chosen to present to the REIAC Southwest membership and the public. Participating teams field questions and comments from experienced developers and investors.
Registration for the REIAC/Rockefeller Group Challenge is required. Register at reiacsouthwest.org/event-3244067.
