Retail, multifamily, office property sales totaling $3M highlight recent deals closed by NAI Horizon   

Retail, multifamily, office property sales totaling $3M highlight recent deals closed by NAI Horizon  

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 Feb 24, 2021
NAI Horizon represents Florida-based tenant in long-term lease for autism therapy clinic

NAI Horizon represents Florida-based tenant in long-term lease for autism therapy clinic

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 Feb 23, 2021
NAI Horizon’s Tucson office negotiates $23M investment sale of Treehouse Apartments   

NAI Horizon’s Tucson office negotiates $23M investment sale of Treehouse Apartments  

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 Feb 17, 2021
Best minds in real estate take to Zoom for virtual, 14th Annual IREM-CCIM Economic Forecast

Best minds in real estate take to Zoom for virtual, 14th Annual IREM-CCIM Economic Forecast

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 Feb 17, 2021
1031 Exchange investments in thriving markets presented opportunities for Andrea Davis CRE

1031 Exchange investments in thriving markets presented opportunities for Andrea Davis CRE

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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by Feb 16, 2021
AZCREW presents commercial real estate outlook of Northwest Valley for its February virtual event

AZCREW presents commercial real estate outlook of Northwest Valley for its February virtual event

News & Updates

       PHOENIX, ARIZ. (Feb. 10, 2021) – Phoenix. Glendale. Peoria. Surprise. Four of the top 10 largest cities in Arizona are forging a future as the Valley’s newest advanced industry corridor.

AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, will present “Commercial Real Estate Outlook – Northwest Valley” in a virtual event on Feb. 16.

The impressive panel of Valley economic developers includes:

  • Jessi Pederson, Assistant Director Office of Economic Development, City of Glendale;
  • Kirsten Hall, Business Attraction Program Manager, Economic Development Services Department, City of Peoria;
  • Samantha Pinkal, Project Manager Economic Development Department, City of Surprise;
  • Christine Mackay, Director Community and Economic Development, City of Phoenix.

     The Zoom event begins at 11:45 a.m. and runs until 1 p.m. The event is free to members and non-members. Register here.

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 Feb 10, 2021
Engineering consultant Terracon, Inc. promotes regional leader Tom Kapita, P.E., to Principal

Engineering consultant Terracon, Inc. promotes regional leader Tom Kapita, P.E., to Principal

News & Updates

       TEMPE, ARIZ. (Feb. 10, 2021) – Tom “Mando” Kapita, P.E., regional leader of the Geo-Structural Design and Instrumentation (GDI) practice for engineering consultant Terracon, Inc., recently was promoted to Principal.

Terracon’s Principal program is designed to recognize and reward employees whose leadership helps fulfill the firm’s “purpose of exploring beyond the surface” commitment as a leader on safe, profitable growth while modeling Terracon’s core values.

The role of a Principal includes significant contribution beyond “daily responsibilities” in terms of leadership in advancing the company in areas such as technical capability, client experience, employee experience and community.

Kapita, who has been with Terracon for 20 years, is Manager of Regional Services and is the firm’s Rocky Mountain Region GeoDesign lead. He is tasked with strengthening and expanding Terracon’s GeoDesign services. He is responsible for client development and management, mentoring and managing staff, and project review approval in charge of GeoDesign project quality review.

“As a leader, Mando embodies our core values and focuses on growing and developing his staff so we can take care of our clients,” said Tim Anderson, Executive Vice President/Western Operating Group for Terracon. “Under his leadership, we have seen solid growth in GDI through the diversification of our services, adding new team members, and focusing on improving the overall client experience. We want to recognize Mando for his solid and sustained contributions to Terracon and are proud to announce his appointment to Principal.”

A native of Zambia, Kapita earned his Bachelor of Science degree in mining engineering from the University of Arizona. He is a registered Professional Engineer (P.E.) in Arizona, Oklahoma and Texas. Kapita is a member of the American Society of Civil Engineers, the Arizona Consulting Engineers Association and the Society for Mining, Metallurgy and Exploration, Inc. (SME).

Kapita worked at Terracon previously from February 2001 to April 2013 when his title was Geotechnical Department Manager. He rejoined Terracon’s Phoenix GeoDesign team as regional manager two years ago.

“Mando has collaborated on projects with clients and fellow Terracon engineers from coast to coast, allowing our GeoDesign team to work on specialized geotechnical services throughout the country,” said Brent M. Borchers, P.E., Regional Manager for Terracon and Tempe office Senior Principal.

Kapita and his wife Natalie have been married for more than 16 years and have two sons, ages 15 and 14. Besides being an avid golfer, he also enjoys riding his road bike and hiking with his family.

“Being a Principal at Terracon is a great honor and I am humbled by this appointment,” Kapita said. “This recognition would not be possible without a great support system of which I am surrounded, from my family to senior leadership and to a great team. I am privileged to work with them each day. I feel very confident and certain that, together, we have a bright and successful future ahead of us. I consider this appointment a great honor for me and a responsibility the company is entrusting me with. It is one I do not take lightly nor for granted.”

Terracon is an employee-owned consulting engineering firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states.

Terracon ranks 22nd 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.

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by Feb 10, 2021
ULI drafts new mission statement encouraging its global members to connect, inspire and lead

ULI drafts new mission statement encouraging its global members to connect, inspire and lead

News & Updates

SCOTTSDALE, ARIZONA (Feb. 9, 2021) – In a rapidly changing world, it’s important that as an institute the Urban Land Institute (ULI) keep pace with the members and communities it serves and conveys that purpose in a way that makes it meaningful and relevant.

That’s the message conveyed by ULI Global Chairman Owen Thomas as the research and education organization drafted a new mission statement. It reads: Shape the future of the built environment for transformative impact in communities worldwide.

“Our new mission statement is supported by three commitments that expand on our objectives and explain how we deliver on our mission,” Owen said in a message to ULI members.

These mission commitments are:

  • Connect active, passionate, diverse members through the foremost global network of interdisciplinary professionals.
  • Inspire best practices for equitable and sustainable land use through content, education, convening, mentoring, and knowledge sharing.
  • Lead in solving community and real estate challenges through applied collective global experience and philanthropic engagement

“The mission statement and commitments capture our forward-looking nature, our global footprint, and our commitment to delivering real-world impact in our communities,” Owen said. “The commitments emphasize ULI’s role in bringing together all sections of the real estate industry and the key part our members play in delivering change through knowledge sharing and applying collective experience. In keeping with our strong commitment to diversity, equity, and inclusion, we explicitly reference the need for diversity in our membership and our belief that communities can only truly thrive if they are equitable.”

The new mission statement and commitments will be rolled out in the weeks and months ahead. Owen said it’s ULI’s hope by this year’s spring meeting, all members will be consistently using the new articulation of the mission and spreading the word about ULI and its impact.

“Mission statements are often obligatory paragraphs that sound lofty but say little. The new ULI mission statement is clear, concise, straightforward and actionable,” said Heidi Kimball, Chair, ULI Arizona District Council, and Senior Vice President, Sunbelt Holdings, Inc. “It perfectly describes what ULI is, does and means to its members and the community. It’s just the right amount of aspirational.”

Following feedback from its members, ULI’s Global Board of Directors agreed it was the right time to review its mission statement to ensure that it achieved everything it wanted it to and did justice to the work of the organization.

“It’s important to say that we are not changing our mission. The same ethos of providing leadership in responsible land use and creating and sustaining thriving communities that inspired you to join ULI remains at our heart. Instead, we are articulating our mission differently to better capture the breadth, spirit, and purpose of ULI through a more memorable, more inspiring, and more relevant statement,” Owen said.

“Through the passion and dedication of its members, ULI makes positive, transformative impacts in our communities every day, and the new mission statement and commitments tell that story in a compelling and meaningful way that resonates globally and locally,” said Deb Sydenham, FAICP, Executive Director, ULI Arizona District Council.

About ULI

The Urban Land Institute is a 501[c][3] nonprofit research and education organization supported by its members. Founded in 1936, the Institute has more than 42,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent multidisciplinary land use and real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policymakers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.

 

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by Feb 09, 2021
Sales of office buildings in Glendale, Gilbert totaling $1.6M highlight recent NAI Horizon deals

Sales of office buildings in Glendale, Gilbert totaling $1.6M highlight recent NAI Horizon deals

News & Updates

      PHOENIX, ARIZONA (Feb. 9, 2021) – The sales of office buildings in Glendale and Gilbert totaling $1.6 million and 8,560 SF highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

 Troy Giammarco and Joe Pequeno negotiated the sale of a 6,800 SF office building representing the seller, Avondale Medical Campus, LLC for $1.4 million. The property is located at 18001 N. 79th Ave., Glendale, AZ. The buyer, NYYX 2, LLC was self-represented.

Dylan Whitwer negotiated the purchase of a 1,760 SF office building representing the buyer, Brad Buffinga and Allison Buffinga for $241,110. The property is located at 4365 E. Pecos Road, Bldg. 6, Gilbert, AZ. The seller, Aspen Park Investments, LLC was represented by Cory Breinholt with CPI.

Matt Harper, CCIM negotiated the purchase of ±0.34 acres of land representing the buyer, KEMAD, LLC for $25,000. The property is located at 709 W. Phoenix Ave., Eloy, AZ. The seller, Nancy C. Vanderslice was self-represented.

 Lease Transactions:

 Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Partners Management Inc., in a 60-month retail lease for 6,300 SF at the SEC of Arizona Avenue & Ocotillo Road.

 Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Firestaff Management II, LLC in a 120-month retail lease for 2,128 SF at 2619 S. Woodland Village Blvd., Flagstaff, AZ. The landlord, Woodland Meadows, LLC was self-represented.

Rick Foss represented the tenant, Coyote Courier Services, LLC in a 62-month industrial lease for 9,000 SF at 5058 S. 40th St., Phoenix, AZ. The landlord, Park 40 was self-represented.

 Joe Pequeno and Troy Giammarco represented the tenant, GreenLoop IT Solutions in a 63-month office lease for 2,572 SF at 9633 S. 48th St., Phoenix, AZ. The landlord, Charles Meyer was represented by Aaron Norwood with LevRose Real Estate.

Laurel Lewis represented the tenant, Southwest Behavioral Health Services, Inc. in a 71-month office lease for 3,720 SF at 809 & 813 Hancock Road, Bullhead City, Arizona. The landlord, Dorado Plaza was represented by Bob Schoen with Holiday Realty.

Joe Pequeno and Troy Giammarco represented the tenant, Colt Builders Corporation in a 38-month office lease for 2,806 SF at 2150 E. Highland Ave., Phoenix, AZ. The landlord, 4800 N. 22nd St., LLC was represented by Eric Ferber with Cutler Commercial.

Thomas Bean, CCIM and Laurel Lewis represented the tenant, Astonished! Massage & Facial Spa, LLC in a 39-month office lease for 1,797 SF at 2520 E. University Drive, Tempe, AZ. The landlord, BLICO Properties, LLC was represented by Nick Eggen with Hannay Realty Advisors.                                                                                                                                  

Matt Harper, CCIM represented the landlord, CEMAD, LLC in a 38-month retail lease for 1,040 SF at 4201 W. Bethany Home Road, Phoenix, AZ. The tenant, Cash Giant of Arizona, LLC was represented by Mike Garren with Crossroads Brokerage.

Matt Harper, CCIM represented the landlord, M&N Realty, LLC in a 39-month retail lease for 1,908 SF at 12020 S. Warner Elliot Loop, Phoenix, AZ. The tenant, E-Migos Ebike Retailer, LLC was self-represented.

Rick Foss and Jay Olson represented the landlord, Friedman Anthem, LLC in a 26.5-month industrial lease for 2,360 SF at 42302 N. Vision Way, Anthem, AZ. The tenant, Fuego Hot Yoga and Wellness 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. 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 Feb 09, 2021
CDC Small Business Finance is named Arizona’s No. 1 SBA 504 Lender of Year 3rd year in a row

CDC Small Business Finance is named Arizona’s No. 1 SBA 504 Lender of Year 3rd year in a row

News & Updates

       PHOENIX, ARIZ. (Feb. 8, 2021) – CDC Small Business Finance, a community leader in the economic development field, was named Arizona’s SBA 504 Lender of the Year for the third straight year.

CDC Small Business Finance was recognized among all SBA 504 lenders in the state for the greatest loan production and impact in Arizona.

With a historically low rate (2.692% for the 25-year loan, effective through Wednesday) the SBA 504 has long been a smart and strategic tool for Arizona small business owners. It is often less expensive than leasing and buying a building allows them to invest in an asset. It offers a below-market fixed rate with only 10% down and 10-, 20- or 25-year terms.

“We’re proud that for three years in a row our Arizona office is the top SBA 504 commercial real estate lender.  We work hard to help as many small business owners as possible secure the opportunity to buy a building for their business.  Our deep expertise in 504 helps us close more deals and be a great partner to the small business, bank and real estate communities,” said Chris Bane, Vice President, Senior Commercial Lender with CDC Small Business Finance in the firm’s Phoenix office.

Bane and the Phoenix CDC office have helped local small businesses including Lo-Lo’s Chicken and Waffles and BBQ Island.

“The 504 loan is a smart vehicle for business owners looking to invest in their future through building and equipment ownership,” Bane said. “Through our suite of loan products, CDC Small Business Finance has helped more than 12,000 small business owners access $20.8 billion in financing across California, Arizona and Nevada.”

For non-real estate financing, CDC Small Business Finance offers a portfolio of working capital loan options.

The Phoenix office comprises Bane and Belinda Rosthenhausler, Vice President, Commercial Lender for Arizona and Nevada.

For more information and current rate, visit cdcloans.com.

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by Feb 08, 2021