Technology takes to the air: Phoenix chapter of LAI presents ‘how drones will impact commercial real estate’ at May lunch event

Technology takes to the air: Phoenix chapter of LAI presents ‘how drones will impact commercial real estate’ at May lunch event

News & Updates

       PHOENIX, ARIZ. (May 21, 2019) – The images and video are pretty stunning: a drone flies inside a 1-million-square-foot industrial building and captures its size and grandeur. That same drone is helping market a glitzy, new office building. Other types of drones, automated industrial drones, are providing businesses a whole new level of visibility and aerial insights.

 

Kathy Kim

The Phoenix chapter of Lambda Alpha International (LAI) presents “How Will Drones Impact Commercial Real Estate” on Wednesday, May 29, at Phoenix Country Club, 2901 N. 7th St. Kathy Kim, Vice President, Marketing, with Airobotics will make the presentation.

In the commercial real estate space, drone applications also include surveying, mapping, security, emergency response and inspections.

Kim’s presentation will center on how unmanned aerial systems (UAS) are disrupting and how they will impact commercial real estate now and in the future.

The May 29 lunch event at Phoenix Country Club begins at 11:30 a.m. and ends at 1 p.m. Registration fee is $45 for LAI Arizona members and $65 for non-members. Lunch is included. Click here to register.

 

About LAI International

Lambda Alpha International (LAI) is an honorary, networked international association for distinguished professionals in all fields related to the use and development of land. LAI is committed to promoting best practices and making a difference in our communities. The 2,200-plus members of LAI make valuable connections locally and with peers worldwide. The Phoenix chapter was formed in 1983 and its members – from business, academia and government – represent a wide range of professions dealing with some aspect of land economics.

 

by May 21, 2019
Terracon’s golf tournament raises $10,000 for Valley youth empowering group Kids at Hope   

Terracon’s golf tournament raises $10,000 for Valley youth empowering group Kids at Hope  

News & Updates

     TEMPE, ARIZ. (May 21, 2019) – Engineering consulting firm Terracon presented a check for $10,279 to Kids at Hope, a Valley organization focused on youths 3-18 that “empowers child and youth serving institutions to transform their cultures through a cultural strategy that proves all kids can succeed, no exceptions.”

Terracon raised the money through its annual golf tournament. This year it was held in March at the Legacy Golf Club in Phoenix and fielded 124 players.

Terracon presented the check to Kids at Hope at its Annual Youth Development Master’s Institute’s Dean’s Recognition Lunch on May 6 at the Embassy Suites, Phoenix/Scottsdale.

“If it takes a village to raise and educate a child, and it does, Terracon is demonstrating through corporate philanthropy how everyone can contribute to that understanding,” said Rick Miller, Founder and CEO of Kids at Hope.

The vision of Kids at Hope is that every child is afforded the belief, guidance and encouragement that creates a sense of hope and optimism. It is supported by a course of action needed to experience success at life’s four major destinations: home and family; education and career; community and service; and hobbies and recreation.

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 currently ranks 24th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.

To learn more about Terracon visit terracon.com

 

 

by May 21, 2019
Kidder Mathews negotiates 15-year lease at West Valley Medical Center in Goodyear

Kidder Mathews negotiates 15-year lease at West Valley Medical Center in Goodyear

News & Updates

   PHOENIX, Ariz. (May 20, 2019) – The Phoenix Kidder Mathews Healthcare Team represented the landlord and tenant in a 20,997-SF, 15-year lease valued at more than $9.5 million in total lease consideration at West Valley Medical Center in Goodyear, Arizona.

Kidder Mathews’ Senior Vice President Michael Dupuy and Vice President Rachael Thompson represented the landlord, NewStreet Properties of Omaha, Nebraska. Senior Vice President Fletcher Perry represented the tenant, Mountain Park Health Center of Phoenix.

West Valley Medical Center, 140 N. Litchfield Road, is now 100-percent leased, reflecting the strong demand for medical office space in Goodyear.

“We had two other tenants interested in leasing the space at the time the deal was signed,” Thompson said. “I look forward to seeing the continued growth and demand for medical office space in Goodyear.”

The two-story, 34,950 SF medical office building was built in 1994 and underwent a full renovation in 2011 under the current ownership. Mountain Park Health Center complements Phoenix Spine Surgery Center and Phoenix Heart’s tenancy in the building.

“This deal shows Mountain Park Health Center’s intent to expand and serve the growing Southwest Valley,” Perry said. “Their long-term presence will enhance the strong corporate activity that Goodyear and the surrounding municipalities are experiencing.”

Said Goodyear Mayor Georgia Lord: “I am delighted to see another valued medical partner, Mountain Park Health Center, expand in our great city. The demand for both medical and office space in Goodyear shows how quickly our community is growing and I’m excited to say a new spec development of Class A office space will soon be under way.”

The property benefits from its close proximity to Banner Health’s Estella Medical Center, Cancer Treatment Centers of America and Abrazo West Campus, making it an ideal location for medical office tenants who benefit from being in close proximity to some of Arizona’s top hospital systems.

“The Goodyear medical office market was just more than 7 percent vacant after the first quarter of 2019,” Dupuy said. “If you take in to account ‘deals in progress,’ there won’t be much left by the end of the second quarter.”

by May 20, 2019
Three Central Arizona Chapter members recently honored with CCIM designation

Three Central Arizona Chapter members recently honored with CCIM designation

News & Updates

     PHOENIX, ARIZONA (May 20, 2019) – Three Valley commercial real estate professionals – including two from Menlo Group – recently earned the prestigious Certified Commercial Investment Member (CCIM) designation by the CCIM Institute.

Steve Berghoff, CCIM, Vice President, Menlo Group; Mark Haslip, MBA | CCIM, Vice President, Menlo Group; and Neil Sherman, CCIM, Managing Director, Sperry Commercial Global Affiliates, Insignia CRE, each earned the honor.

“Earning the CCIM designation takes significant effort, transaction experience, and commitment. We are proud to have these three professionals join our community of designees while the chapter continues to provide this world class education in commercial real estate,” said Jenette Bennett, CCIM, First Vice President and Shareholder with Kidder Mathews and President of the Central Arizona CCIM Chapter.

Berghoff specializes in the leasing, sale and acquisition of medical and professional office properties. He works with property owners and landlords across Metro Phoenix with an emphasis on the East Valley and South Scottsdale markets.

Berghoff started his real estate career in 2003 at Clayton Companies, where he represented leasing and sales transactions for a privately held real estate portfolio. He previously attended Creighton University in Omaha, Nebraska, graduating with a BS in business administration.

He is active with the FBI Phoenix Citizens Academy and the Scottsdale Police Department Citizens Academy.

Haslip started at Menlo Group in 2017. He specializes in the sales and leasing of office and investment properties with an emphasis in medical and dental tenant/buyer representation. He has helped many of the Valley’s dentists and doctors start up, relocate and expand their practices.

Prior to joining Menlo Group, he managed a multi-million-dollar territory for Henry Schein Dental, a Fortune 500 dental supply and equipment company.

Mark Haslip, CCIM

Haslip graduated Cum Laude from the University of Utah, majoring in psychology and minoring in both chemistry and biology. He earned an MBA from the W.P. Carey School of Business at Arizona State University. Haslip spends time working with his local church youth group.

Sherman built the Sperry Commercial Phoenix office from four agents to 14 at its peak. He specializes in the selling, leasing, managing and financing of Arizona multifamily, office, industrial, retail and land for clients throughout the U.S. and Canada.

Sherman began his commercial real estate career in 1985 with the commercial division of Coldwell Banker. He joined Sperry Van Ness in 2000. He left from 2006 to 2009 to run Axxion Partners and Axxiom Commercial Mortgage. He returned to SVN in September 2009 as Senior Vice President and Co-owner.

Sherman has served on the boards of Boys & Girls Clubs and Valley Big Brothers and Big Sisters.

Neil Sherman, CCIM

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.

Learn more about CCIM Institute’s education and designation program at ccim.com.

 

by May 20, 2019
Office, retail property sales totaling $4.7M highlight  recent deals closed by NAI Horizon

Office, retail property sales totaling $4.7M highlight recent deals closed by NAI Horizon

News & Updates

     PHOENIX, ARIZONA (May 15, 2019) – Three retail property sales totaling $3 million and five office property sales totaling $1.7 million highlight transactions recently closed by NAI Horizon professionals.

Sale Transactions:

Lane Neville, Matt Harper, CCIM, and Logan Crum negotiated the sale of a retail building, representing the seller, PVO, LLC, for $2.2 million. The property is located at 13831 & 13825 N. 32nd St., Phoenix, AZ. The buyer, EJG Investments, LLC, was represented by Wolf Glasser with Equity Arizona Real Estate.

Lane Neville and Logan Crum negotiated the sale of a self-storage facility, representing the buyer, Cynergy, LLC, for $1.525 million. The property is located at 1533 N. Alma School Road, Phoenix, AZ. The seller, Wayne D. Stufkosky Trust, was represented by Melody Bramer with Keller Williams.

Thomas Bean, CCIM, and Laurel Lewis negotiated the sale of an office building, representing the buyer, Villa Potrero, LLC, for $824,000. The property is located at 1250 E. Missouri Ave., Phoenix, AZ. The seller, Blackwater Investments, Inc., was represented by Barry Gabel and Chris Marchildon with CBRE.

Sharon Reeves negotiated the sale of a retail building, representing the seller, Lawrence E. and Dallas A. George Trust, for $475,000. The property is located at 7134-7136 E. Mercer Lane, Scottsdale, AZ. The buyer was LDAC Holdings, LLLP. 

Ed Toschik negotiated the sale of an office building, representing the buyer, PJ Squared, LLC, for $462,500. The property is located at 6642 E. Baseline Road, Mesa, AZ. The seller, Paul H. Rhee, MD, PLLC, was represented by Stephen Proski with RE/MAX Fine Properties.

Matt Harper, CCIM, negotiated the sale of a retail building, representing the seller, Eloise D. Coffman Family Trust, for $350,000. The property is located at 1532 E. Thomas Road, Phoenix, AZ. The buyer, The Grant Christopher Ledger Trust, was represented by Dean Ledger with Fundanova, Inc.

Laurel Lewis and Dylan Whitwer negotiated the sale of an office condo, representing the seller, Troon, LLC, for $184,532. The property is located at 10031 E. Dynamite Blvd., Building E, Suites 250 & 255, Scottsdale, AZ. The buyer, M2M Suite, Inc., was represented by Anya Khoudikova with Home Smart – Fine Homes Scottsdale.

Laurel Lewis and Dylan Whitwer negotiated the sale of an office condo, representing the seller, Troon, LLC, for $106,932. The property is located at 10031 E. Dynamite Blvd., Building E, Suites 220 & 225, Scottsdale, AZ. The buyer, The Monaco Ventures Trust, was represented by Cindy Kasnoff with Morgan Taylor Realty.

Laurel Lewis and Dylan Whitwer negotiated the sale of an office condo, representing the seller, Troon, LLC, for $92,259. The property is located at 10031 E. Dynamite Blvd., Building E, Suite 215, Scottsdale, AZ. The buyer, Pensco Trust Company, LLC, was represented by Cindy Kasnoff with Morgan Taylor Realty.

Lease Transactions:

Matt Harper, CCIM, and Mike Gaida represented the landlord, Red Mountain Asset Fund I, LLC, in a 132-month retail lease for 14,000 SF at 9124 E. Apache Trail, Mesa, AZ. Cushman & Wakefield represented the tenant, Octapharma Plasma, Inc.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the tenant, Gateway PBP UNI I, LLC, in a 60-month retail lease for 3,117 SF at 1705 W. University Dr., Tempe, AZ. Golden St. John with Cushman & Wakefield represented the landlord, The Window Calibration Center, LLC.

Troy Giammarco represented the landlord, Nawa Family Trust, in a 63-month retail lease for 2,135 SF at 8765 W. Kelton Lane, Peoria, AZ. The tenant, Digital Acuity, LLC, represented themselves.

Matt Harper, CCIM, and Mike Gaida represented the landlord, Red Mountain Asset Fund I, LLC, in a 60-month retail lease for 1,820 SF at 9124 E. Apache Trail, Mesa, AZ. Jim Edwards with Rein & Grossoehme represented the tenant, Third Eye Body Art.

Matt Harper, CCIM, represented the landlord, Copper State Land, LLC, in a 24-month retail lease for 1,400 SF at 5717 W. Glendale Ave., Glendale, AZ. The tenant, The Black Sheep I, LLC, represented itself.

Matt Harper, CCIM, represented the landlord, MAZ Northern Plaza, LLC, in a 39-month retail lease for 800 SF at 5008 W. Northern Ave., Glendale, AZ. The tenant, Positiv Vibez Barbershop, LLC, represented itself.

Matt Harper, CCIM, represented the landlord, Arizona MSK, LLC, in a 13-month retail lease for 1,000 SF at 5270 N. 59th Ave., Glendale, AZ. The tenant, Valley Hybrids, LLC, represented itself.

 

by May 15, 2019
Arizona’s apartment industry celebrates its best at the 2019 AMA/Cox Tribute Awards   

Arizona’s apartment industry celebrates its best at the 2019 AMA/Cox Tribute Awards  

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 May 14, 2019
Just what the doctor ordered: AZCREW’s May lunch examines medical real estate trends   

Just what the doctor ordered: AZCREW’s May lunch examines medical real estate trends  

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 May 08, 2019
Kidder Mathews’ VP negotiates $1.26M sale of pair of medical office buildings in Chandler

Kidder Mathews’ VP negotiates $1.26M sale of pair of medical office buildings in Chandler

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 May 07, 2019
2019 REIAC/Rockefeller Challenge title for MRED students goes to Original Company

2019 REIAC/Rockefeller Challenge title for MRED students goes to Original Company

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 May 07, 2019
Cawley Architects celebrates 25th anniversary, names 4 new partners as the next generation

Cawley Architects celebrates 25th anniversary, names 4 new partners as the next generation

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 May 06, 2019