NAI Horizon negotiates $7.5M land sale for new, 317-unit luxury apartment community in Gilbert

NAI Horizon negotiates $7.5M land sale for new, 317-unit luxury apartment community in Gilbert

News & Updates

      PHOENIX, ARIZONA (Dec. 3, 2020) – NAI Horizon represented Gilbert Growth Properties LLC (Park Corporation), headquartered in Cleveland, Ohio, in the disposition sale of 8.61 acres of land at Val Vista Square in Gilbert, Arizona, to Crescent Communities, LLC.

Val Vista Square is a large, mixed-use commercial land development located at the SEC of Val Vista Drive and Pecos Road, just north of the Loop 202 in Gilbert. NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the seller in the $7.5 million transaction.

The new development is for a high-density, luxury apartment project. The buyer, CC Val Vista, LLC (Crescent Communities) of Charlotte, North Carolina, is a nationally recognized developer. The new, 317-unit multi-family community is called NOVEL Val Vista.

“NAI Horizon is thrilled to be part of such a significant land transaction,” Lane Neville said. “Crescent Communities is top tier and will be building one of the finest luxury apartment properties in the entire Southeast Valley. The addition of this high-end residential component is a critical milestone for our overall commercial mixed-use project. This deal is such a nice addition to Val Vista Square and complements the soon-to-be grand opening of ALDI Grocery Store located adjacent to the NOVEL community.”

“We are thrilled to begin our work on NOVEL Val Vista and look forward to breaking ground in early 2021,” said Ken Keefe, Director of Development for Crescent Communities. “The community will feature a variety of amenity-rich offerings suited to the residents of the growing Phoenix market, including top-of-the-line finishes, a spacious and refined clubhouse, a luxury pool, sky lounge, fitness center and more.”

For the seller, selecting the right residential developer was the key to bringing the multifamily dimension to the overall project.

“We first selected Crescent Communities based on their stellar long-standing reputation to create high-quality, high-density apartment living throughout the country,” said Park Corporation representative Morgan Neville. “As we began our work to complete the land sale, we knew immediately we had picked the right group. Their entire team was creative, responsive and proactive through the entitlement and design process.

“This was really important given that this is the first multi-family project in the Town of Gilbert to be approved and developed in their newly created multi-family, high-density zoning district; and will set the bar for future urban style developments.”

Morgan Neville added the process was more challenging than usual given the unprecedented and difficult COVID-19 environment.

“This transaction is a major milestone for our property, as Crescent Communities’ NOVEL Val Vista brings the critical living component to Val Vista Square and to our vision of creating the finest mixed-use community development in Gilbert,” Morgan Neville said.

About Crescent Communities

 Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest-growing markets in the United States. Since 1963, our development portfolio has included more than 59 multifamily communities, 21 MSF of commercial space and 60 single family master-planned communities. Headquartered in Charlotte, Crescent Communities has regional offices in Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Salt Lake City and Phoenix. Our multifamily communities are branded NOVEL by Crescent Communities.

 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.

by Dec 03, 2020
Arizona commercial real estate veterans from state chapters earn prestigious CCIM designation

Arizona commercial real estate veterans from state chapters earn prestigious CCIM designation

News & Updates

     PHOENIX, ARIZ. (Dec. 2, 2020) – Nine Arizona commercial real estate professionals recently earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute.

In August, the Central Arizona CCIM Chapter welcomed two designees, Perry Gabuzzi, CCIM, The Plaza Companies; and Adam Lam, CCIM, Sperry Commercial Global Affiliates, Insignia CRE.

In November, Phoenix hosted the testing for 11 new CCIM designees, including seven from Arizona. Also in attendance were a tester each from Washington, Texas, New Mexico and Nebraska.

>> Central Arizona CCIM Chapter designees: Jim Gilligan, CCIM, Kinsale Property Group; Bettina Hunt, CCIM, Healthcare Trust of America; Scott Rubin, CCIM, The Plaza Companies; Randy Shuffler, CCIM, Realty One Group Mountain Desert (Lake Havasu City); and Carter Wilson, CCIM, DAUM Commercial Real Estate.

>> Southern Arizona CCIM Chapter designees: Cody McGuire, CCIM, National Bank of Arizona; and Jullian Willetts, CCIM, ReMax Excalibur Commercial.

“Proctoring the fall exam for the CCIM Institute was the pinnacle of my year as chapter president. It was a long exam and the group remained strong and vigilant during the 6 hours allotted for testing,” said Central Arizona CCIM Chapter President Marina Hammersmith, CCIM, ORION Investment Real Estate.

“With the COVID protocols and this smaller intimate testing venue, I had the privilege of personally relaying the good news that each tester had succeeded and the CCIM designation was theirs. We couldn’t be prouder of this group of new designees,” Hammersmith said.

To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate. Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

“The CCIM Institute has gone to great lengths to adapt to a difficult year due to COVID-19. By providing 10 different remote exam locations, including the one that just took place in Chandler, was a great example of how CCIM was able to make last-minute accommodations to give these candidates who have worked so hard to get here the opportunity to earn their designation this year,” said Region 2 Vice President Craig Finfrock, CCIM, Commercial Retail Advisors in Tucson.

“The Central Arizona CCIM Chapter really made this easy with all of their assistance making this happen. Being a part of this process is the best part about participating as a member of the Designation Committee at the CCIM Institute. For those individuals who earned their designation, this will easily be one of the most memorable and joyous days of their professional lives.”

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by Dec 02, 2020
NAIOP Arizona elects new leadership for 2021; Danny Swancey takes over as board chairman

NAIOP Arizona elects new leadership for 2021; Danny Swancey takes over as board chairman

News & Updates

PHOENIX, ARIZ. (Dec. 1, 2020) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, elected officers and board members for 2021.

The 2021 Executive Committee of NAIOP Arizona comprises Danny Swancey, Chairman, ViaWest Group; Rusty Kennedy, Vice Chairman, CBRE, Inc.; Cathy Thuringer, Treasurer, Trammell Crow Company; John Orsak, Programs Chair, Lincoln Property Company; Phil Breidenbach, Secretary, Colliers International; Jim Wentworth, Wentworth Property Company, Immediate Past Chairman; and Molly Carson, Ryan Companies US, Inc., Past Chair once removed.

New 2021 board members include Chris Anderson, Hines; Jeff Moloznik, RED Development LLC; Mike Olsen, Globe Corporation; and Mike Strittmatter, CBRE, Inc. (Developing Leaders representative, 1-year term).

Returning members of the board of directors are Chris Burson, Alliance Bank of Arizona; Bryon Carney, Cushman & Wakefield; Danielle Feroleto, Small Giants; Derek Flottum, Irgens; Jeff Foster, Prologis; Tom Jarvis, Willmeng Construction; Kate Morris, Transwestern; CJ Osbrink, Newmark Knight Frank; Darren Pitts, Velocity Retail Group; and Candace Rosauro, Layton Construction.

Andrew Cheney, Lee & Associates Arizona, is the board member who is rolling off the leadership team after serving as Board Chairman of NAIOP Arizona in 2018.

“The resilience, creativity and commitment of our members and corporate sponsors made 2020 a great year for our organization despite the unusual conditions,” Swancey said. “We look forward to building upon the successes of 2020 as we enter a new year and are fortunate to have such a highly-qualified and engaged board of directors to help us accomplish this.”

 

 

NAIOP, a 19,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

 

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by Dec 01, 2020
Terracon’s Tucson office presents $6,000 grant to UA’s Mel & Enid Zuckerman College of Public Health; scholarship amount since 2017 is $21,000

Terracon’s Tucson office presents $6,000 grant to UA’s Mel & Enid Zuckerman College of Public Health; scholarship amount since 2017 is $21,000

News & Updates

    TUCSON, ARIZ. (Dec. 1, 2020) – The Tucson office of engineering consulting firm Terracon presented a $6,000 check from its foundation to the University of Arizona’s Mel and Enid Zuckerman College of Public Health (MEZCOPH).

The grants fund scholarships for students enrolled in environmental and occupational health, industrial hygiene and environmental health sciences graduate and Ph.D. programs.

The grant application was championed by Derek Koller, CIH, CHMM, the Terracon Tucson Office Manager. In November, four UA students were awarded a $1,500 scholarship for the 2020-2021 academic year through a competitive process and selected on their academic merit.

Derek Koller

“I’m proud to be an employee-owner at a firm that gives us the means to advocates for institutions of higher learning with which we’re involved,” Koller said. “It is especially rewarding to able to give back to MEZCOPH where I received both my BS degree and Master of Public Health degree. This is the second grant we have been able to champion on the behalf of MEZCOPH and the third grant that has been award through the Terracon Foundation to the University since 2017 for a total of $21,000.”

Terracon’s Tucson Office has a longstanding relationship with UA. Regional Manager Brent M. Borchers, P.E., is a former adjunct professor for the College of Engineering and several employees from both the Phoenix and Tucson offices have presented on campus. Terracon employees also interact with the University through their involvement with the American Industrial Hygiene Association, the Arizona Archaeological and Historical Society, and the American Society of Civil Engineering.

“This was very much a team effort,” Koller said. “In addition to university involvement from staff in both our Tucson and Phoenix offices, a successful grant application also requires a lot of help from university faculty. Dr. Stephanie Griffin, CIH, was instrumental in helping me put together the application. It’s amazing what can be accomplished when you have a support team like that.”

Terracon is an employee-owned consulting engineering firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices with services available in all 50 states.

Terracon 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/tucson/

 

by Nov 30, 2020
Sigma Contracting continues to build on its reputation despite a pandemic that wreaked havoc on the economy locally, nationally

Sigma Contracting continues to build on its reputation despite a pandemic that wreaked havoc on the economy locally, nationally

News & Updates

      SCOTTSDALE, ARIZ. (Nov. 30, 2020) – No industry has escaped the wrath of the COVID-19 pandemic, including construction. While there have been many challenges and changes, Sigma Contracting Inc. has seen many positives as well.

Company officials said all of its existing projects continued without interruption, yet several new projects did not start when expected. As the fourth quarter came into play various new projects started despite circumstances.

“It goes without saying that 2020 will go down as an unusual year – good for some, bad for others,” said Sigma President Dan Hinkson. “We survived, and our employees stayed united. We’re proud that our 37-year-old culture and bonding solidified. While we experienced COVID issues both at the office and at job sites, everyone recovered and all are healthy.

 

Broth & Bao at SkySong in South Scottsdale.

Sigma Contracting projects of note in 2020:

  • Broth & Bao Asian restaurant TI, Scottsdale;
  • H-Mart Asian grocery store TI, Mesa;
  • Mountainside Fitness Shea ground up, Phoenix;
  • Papago Plaza site work, Scottsdale;
  • PetSmart corporate office renovations, Phoenix;
  • Phoenix Convention Center restaurant renovations, Phoenix;
  • Power and Hampton roads retail site work, Mesa;
  • Sanitas Medical Center TIs, two locations in Texas;
  • Swift Transportation additions and renovations, Phoenix;
  • W Hotel renovations, Scottsdale.

“COVID has been an ongoing mystery to almost the entire world, and no one truly understands this in terms of the ultimate magnitude of its impact to families and businesses,” Hinkson said. “There have been many adjustments made and new protocols and processes put in place to address it and ensure the safety and well-being of our people as well as those around us.

“We look to 2021 to hopefully allow the world to catch its breath and move life forward, even if with new rules and requirements,” Hinkson added.

Mountainside Fitness on Shea Road in Phoenix.

 

ABOUT SIGMA CONTRACTING INC.

Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.

Sanitas Medical Center in Texas.

 

by Nov 30, 2020
NAI Horizon negotiates $3.2M investment sale of Tucson self-storage facility, representing buyer

NAI Horizon negotiates $3.2M investment sale of Tucson self-storage facility, representing buyer

News & Updates

    PHOENIX, ARIZ. (Nov. 23, 2020) – NAI Horizon Senior Vice President Denise Nunez and Associate Victoria Filice represented the buyer in the $3.2 million investment sale of America’s Best Storage in Tucson, Arizona.

NAI Horizon represented the buyer, 535 Wilmot Investors LP of Phoenix. The seller was America’s Best Self Storage LLC of Tucson, AZ. The asset is located at 7475 E. Old Vail Road in Tucson.

“The buyer approached me with a 1031 Exchange that they wanted to trade into self-storage. The Nunez Self Storage Group was able to identify three self-storage properties that met their criteria,” Nunez said. “This one was an off-market deal and the second closing of a three-property purchase – all non-related sellers.”

America’s Best Storage totals 70,240 NRSF and 330 units. It features a mix of standard, drive-up units and covered and uncovered RV parking. It features small, medium and large self-storage units ranging from 25 SF to 720 SF. It is located off East Valencia and East Old Vail roads.

Nunez specializes in self-storage, offering localized expertise in Arizona and national representation working with NAI offices throughout the U.S.

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 Nov 23, 2020
Barclay Group flexes its development muscle for EoS Fitness, spurring growth of health club leader

Barclay Group flexes its development muscle for EoS Fitness, spurring growth of health club leader

News & Updates

          PHOENIX (Nov. 23, 2020) – Barclay Group, the preferred real estate developer for EoS Fitness, continues to flex its development muscle for the health club leader, collaborating on the successful openings of three new EoS gyms in Phoenix and Tempe, Arizona, and Tampa, Florida.

EoS Fitness is a premier fitness operator with a differentiated fitness service offering in high demand, and the capacity to grow nationally. Barclay Group provides a fully integrated build-to-suit program to help EoS Fitness achieve its long-term growth and expansion into new markets.

Barclay Group is working on more than 10 new projects for EoS Fitness that will break ground in 2021 and 2022.

“Working with Barclay Group has allowed EoS Fitness to focus on our core business, helping people to be the best versions of themselves while giving us the ability to expand our services out to members in new areas nationwide,” said Rich Drengberg, CEO, EoS Fitness. “Thanks in large part to the work of Barclay Group, the success of our recent club openings has us planning for even bigger things in 2021 and beyond.”

“As developers, managers, and investors in real estate, Barclay Group is driven by the goals of our partners to enhance the places where we all live, work, and play,” said Jim Gardner, executive vice president, Barclay Group. “Partnering with EoS to bring their signature low cost, high-value fitness options to our communities adds tremendous value, and we look forward to expanding their reach even further in the coming years.”

Barclay Group has worked with EoS Fitness to complete and open fitness facilities around the U.S. They include:

  • 2019: Loop 303 and Bell, Surprise, Arizona; and Gilbert and McKellips roads, Mesa, Arizona;
  • 2020: I-10 and Warner, Tempe, Arizona; West Village Commons, Tampa, Florida; and Cave Creek and Cactus roads, Phoenix.

New projects currently underway include EoS Fitness locations in Gilbert and Glendale, Arizona; Roy, Utah; and Las Vegas, Nevada.

As companies look to expand or improve their physical footprint, Barclay Group provides customized real estate solutions in order to fulfill their property needs, while maintaining a portfolio of best-in-class operating assets.

 

About Barclay Group

Founded 30+ years ago, Barclay Group is a fully-integrated real estate development company with a nationwide presence. The group has offices in Tampa, Phoenix, and Boise, and the expertise in-house to manage the development process from start to finish, as well as property and asset management following construction. Barclay Group is an owner/operator with 2 MSF under management; an active developer with 10 MSF completed or under construction; and a trusted partner with $150 million in assets under management. Visit barclaygroup.com to learn more.

About EoS Fitness 

EoS Fitness, a leader in the fitness industry with its high value low price (HVLP)® gyms, is an inclusive and welcoming organization committed to empowering exercise practitioners of all experience levels. With existing locations in Arizona, Nevada, Southern California, Florida and Utah, EoS Fitness is rapidly expanding and currently operating and planning more than 75 locations. Providing serious fitness options, EoS Fitness offers the best equipment, high-energy workout classes, extensive personal training options, and at-home workouts starting at just $9.99 per month. EoS Fitness’ nearly 500 trainers have the knowledge and technical expertise to help members find their personal passion for wellness, develop daily fitness habits and achieve their goals. Visit EoSfitness.com to learn more.

 

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by Nov 23, 2020
Bobbie Lorraine Mastracci, CCIM, SIOR, to serve on 2021 CCIM Institute Executive Committee

Bobbie Lorraine Mastracci, CCIM, SIOR, to serve on 2021 CCIM Institute Executive Committee

News & Updates

    GOODYEAR, ARIZ. (Nov. 16, 2020) – Bobbie Lorraine Mastracci, CCIM, SIOR, Designated Broker/Principal of Phoenix West Commercial, was named to the CCIM Institute’s 2021 Executive Committee at the organization’s Annual Governance Meetings held virtually Oct. 21-23 and 26-29.

The CCIM Institute confers the Certified Commercial Investment Member designation, commercial real estate’s global standard for professional achievement. The CCIM Institute is one of the largest commercial real estate networks in the world with members in more than 30 countries.

“It’s an honor to be chosen by my fellow CCIM peers to have the privilege serve the CCIM organization in the Executive Committee for the next two years,” Mastracci said. “When I was pinned on October 16, 2008, in Chicago by the then Central Arizona CCIM Chapter President, David Verwer it changed my career in a way that was unexpected.

“My CCIM family has been supportive and encouraging from my first visit to a CCIM chapter breakfast that David Miller invited me to that gives me the desire to give back and have my sons, Eli and Giuseppe, follow the CCIM journey.”

Mastracci served as President of the Central Arizona CCIM Chapter in 2013 and 2016. She has also served as Treasurer and Vice President and board member of the chapter since 2007. She was the 2014 CCIM First Regional Vice President, 2015 CCIM Regional Vice President and Co-Founder of the West Valley Commercial Real Estate Group. She currently chairs the chapter’s Education Committee.

The full 2021 Executive Committee includes: President Timothy S. Blair, CCIM, partner at Shannon Waltchack in Birmingham, Ala.; President-Elect Leslie G. Callahan III, CCIM, president of First Colony Financial Corporation in Atlanta; First Vice President David Schnitzer, CCIM, partner at ASCEND Commercial Real Estate in Dallas; Treasurer Steve Rich, CCIM, senior director of retail services at Colliers International in Charlotte, N.C.; Past President Eddie D. Blanton, CCIM, principal and senior advisor with Tradd Commercial in Charlotte, N.C.; Andie Edmonds, CCIM, managing partner and principal broker at NAI Cascade in Bend, Ore.

Chad Gleason, CCIM, managing director at Pentavirate Global Investments in Bellevue, Wash.; Charlie Mack, CCIM, president at Mack Realty in Las Vegas; Lou Nimkoff, CCIM, principal at Brio Companies in Winter Park, Fla.; K. Teya Moore, Esq., CCIM, broker at Benjamin and Banks Real Estate, LLC in Bowie, Md.; Evelyn Ward, CCIM, vice president at Transwestern in Houston; David Wilson, CCIM, vice president of real estate development at Ryan Companies in Cedar Rapids, Iowa; and CCIM Institute Executive Vice President/CEO Greg Fine, FASAE, CAE.

About Phoenix Commercial West

Phoenix West Commercial LLC is a commercial real estate brokerage located in Goodyear, Arizona. We have access to local, national, international deals, clients and properties. Phoenix West Commercial agents have true respect and encourage the communities’ evolution. Since 2012, our team has produced highly successful transactions. We serve and provide professional, commercial real estate services throughout Arizona and the U.S. We’ve helped customers in various industries and scenarios from banking, retail, medical, industrial, government, and land sales for investors, landlords and tenants. For more information visit phxwc.com.

 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-plus 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.

 

 

 

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by Nov 16, 2020
NAIOP Arizona Developing Leaders Young Professionals cap year with team competition

NAIOP Arizona Developing Leaders Young Professionals cap year with team competition

News & Updates

     PHOENIX, Ariz. (Nov. 12, 2020)  – A record 24 protégés were honored as the Arizona Chapter of NAIOP’s Developing Leaders Young Professionals Group (YPG) mentorship program hosted graduation for the 2019-2020 class.

     Mentors and protégés gathered November 4 at The Gladly for a socially-distanced reception, presentations and dinner. The 24 protégés, grouped into five teams, each pitched a development proposal to a potential equity partner.

      As part of their equity partner’s review of the development proposals, judges were looking for the project that meets the highest and best use of the site as well as provides the most optimal economic returns (projected investment returns).

       This year’s site was the NWC North 56th Street & West Galveston Street in Chandler. Teams had the option of developing the entire site or a portion of it. Team 3’s Eagle Landing concept took home top honors. Team members included Michael Roberts, JDM Partners; John Coughlin, Prologis; Diego Almaral, Strategic Office Partners; Alex Anstey, Willmeng Construction; and Drew Sampson, Avison Young. Cathy Thuringer of Trammell Crow Company was mentor of the winning team.

      “The YPG teams this year were faced with the challenge of working on their projects primarily through Zoom calls, but each team rose to the occasion and delivered very thoughtful development ideas for the site,” said Thuringer. “I am always impressed with the level of creativity and enthusiasm the protégés bring to this program and am honored to have once again served as a mentor for this great program.”

       Additional mentors for this year’s class were Phil Breidenbach, Colliers; John Orsak, Lincoln Property Company; and Jeff Foster, Prologis. Judges were Phil Haenel, Cushman & Wakefield; and Cullen Mahoney, Trammell Crow Company.

     Program chairs were Mollie Zemer, Barclay Group; and Josh Tracy, Ryan Companies US.

     “The YPG program gives Developing Leaders from all sides of the industry a unique opportunity to learn about how a development comes together while collaborating and networking with their peers,” Zemer said.

      The rest of the protégés include:

       Team 1: Brice Pall, Enterprise Bank & Trust; Jim Bulsiewicz, Hines; Ashley Dykstra, Kinney Construction; Jackson Paquette, SRP; David Stull, CBRE, Inc.; and Jonathan Loe, Sherman & Howard.

       Team 2: Ryan Kates, Berger Holdings; Joey Hakola, RED Development; Ian Kennedy, The Remson Group; Stephanie Lanman, Leading Edge Real Estate; and Franklin Lee, Arizona State University.

       Team 4: Christopher Campbell, BNC National Bank; Ashley Nye, Trammell Crow Company; Taylor McDonald, Whiting-Turner; Aaron Fox, Cushman & Wakefield; and Austin Knebel, LevRose Commercial Real Estate.

       Team 5: John Schott, Everest Holdings; Adam Olson, CEVA Logistics; and Mike McWilliams Jr., Plaza Companies.

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About NAIOP

NAIOP, a 20,000+ member organization in North America provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. It is the leading association for developers, owners and related professionals in office, industrial, retail and mixed-use real estate.

 

by Nov 12, 2020
Capital Hall Partners completes 1st Opportunity Zone redevelopment in the Tempe Maker District

Capital Hall Partners completes 1st Opportunity Zone redevelopment in the Tempe Maker District

News & Updates

The HUB, a Capital Hall Partners redevelopment project, was recently completed and is ready for tenants. After 15 months of planning, design, engineering, and construction, the once functionally-obsolete 1960s industrial warehouse building has been completely reconstructed into a modern, versatile, healthy and sustainable office building.

The HUB is a 50,320 SF single-story building located in the newly designated Tempe Maker District and in a Qualified Opportunity Zone. The property sits on the NWC of Hardy and Alameda Drive — a prime location minutes from seven major freeways, ASU, Downtown Tempe, Sky Harbor International Airport, 218 restaurants, 46 hotels, and two major shopping centers.

The HUB redevelopment concentrated on achieving three goals – build an environmentally sustainable project, design a healthy building that employees will enjoy and feel safe, and lastly, lower the building’s operational cost.

To achieve these goals, all possible building demolition components were repurposed or recycled.  The HUB features a new 14,000 SF outdoor workspace that serves as the main entry and building amenity. The outdoor workspace area is shaded with 458 photovoltaic panels engineered with a “net zero” energy goal to offset nearly the entire electrical demand of the redeveloped office building.

New high-efficiency dual panel windows and doors were cut into the exterior walls providing amply natural lighting to the interior spaces. The east, south, and north windows are shaded to further reduce heat gain and provide a unique architectural look.  In addition, the existing roll-up doors were replaced with glass roll-up doors opening the interior to exterior.

These doors are multi-purpose – provide an open feel to the building, provide natural light to the interior, and increase the outdoor air intake.  The new roof with a 10-year guarantee will reflect heat, increase insulation, and eliminate water leakage ultimately reducing mold and mildew.  The 4.3-acre property features new drought-tolerant landscape designed to reduce water use and a pervious surface parking lot designed and engineered to reduce the heat island and reduce stormwater runoff. The new LED lighting illuminates the parking lot that will accommodate six cars per 1,000 SF of office area.

“Our goal at the beginning was to create a unique and interesting workspace that is healthy, environmentally sustainable, socially responsible, and financially viable.  The results of the redevelopment have exceeded our expectations.  We look forward to incorporating the planned state of the art technologies for a tenant to lower operating costs, increase healthy building standards, and maintain our goal for building a healthy and sustainable project that will lift the economic viability of the area,” said Michael Bronska, Managing Member.

The tenant improvements planned for the interior incorporates touchless everything including doors, restrooms, and high efficiency LED lighting.  Also, to be installed are energy-efficient HVAC systems that will promote enhanced air exchanges, air filtration, and reduced operating costs for tenants while providing the required comfort and safety of employees.

by Nov 12, 2020