Estrella plans festive groundbreaking at village of Montecito featuring dignitaries, event for kids

Estrella plans festive groundbreaking at village of Montecito featuring dignitaries, event for kids

News & Updates

by | Jan 8, 2025 | News & Updates

GOODYEAR, Ariz. (January 8, 2025) – Consistent with the boom in the West Valley, excitement is building at Estrella as local dignitaries and families will gather for the groundbreaking ceremony of multiple new neighborhoods on Thursday, January 30, in the village of Montecito.

This special event is designed to be more than a typical groundbreaking. It will allow children to “Touch-A-Truck,” a hands-on experience with the earthmoving equipment that will help bring this vibrant community to life.

Estrella, one of the largest master-planned communities in the Southwest, is located in the bustling West Valley, in one of the fastest growing communities in the U.S. – Goodyear. This free event celebrates 508 new homesites coming to the Montecito village from national, award-winning homebuilders Lennar and Richmond American Homes.

Speakers and the official groundbreaking ceremony will kick off the event from 3 p.m. to 3:45 p.m. The “Touch-A-Truck” portion is scheduled to begin at 3:45 p.m. and end at 5:30 p.m.

The event will be held at West Mountain Drive and 184th St. at Estrella in Goodyear. The event is free and features complimentary treats and giveaways for the kids including “kid-sized” hard hats and vests, and even free toy trucks. Treats will include “dirt cupcakes” and much more.

“Estrella is in growth mode. We’ve improved so much — added new parks, neighborhoods and so much more in 2024. But there’s even more happening in 2025 as we prepare more than 500 new homesites coming to Montecito,” said Jeff Zimmerman, Vice President of Development for Estrella Development Company.

“These neighborhoods will have fantastic views and feature five brand new parks; not to mention access to our signature resident community centers, trails, pools, fitness centers, and A+ ranked schools. We have dedicated ourselves to making today’s Estrella more vibrant, fresh, and rewarding for buyers than ever before. With the addition of these new neighborhoods, we’re excited by the momentum at Estrella.” Zimmerman added.

The new neighborhoods will offer a variety of home styles and floor plans to meet the diverse needs and preferences of modern singles, couples, and families.

Nestled in the foothills of the Sierra Estrella Mountains south of I-10 in Goodyear, Estrella is adjacent to the 19,000-acre Estrella Regional Park. Residents have exclusive access to community amenities including two residents’ clubs with resort-style pools, fitness centers, restaurants, a water park area for kids, along with access to a public Championship 18-hole Nicklaus Design golf course.

About Estrella

Home to more than 8,200 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, two fitness centers, resort-style swimming pools, basketball, volleyball, pickleball, and tennis courts. Estrella is also home to a Nicklaus-design Championship golf course, The Golf Club of Estrella. Estrella is owned in a joint venture among Värde Partners, Toll Brothers, and Harvard Investments. For more information about Estrella, please visit estrella.com.

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by Jan 08, 2025
New networking group RISE aims to ignite social energy, growth in Valley’s CRE/AEC community

New networking group RISE aims to ignite social energy, growth in Valley’s CRE/AEC community

News & Updates

by | Jan 6, 2025 | News & Updates

     TEMPE, ARIZ.  (January 6, 2025) – Crystal Pierce, Director of Business Development at FFKR Architects, is pleased to announce the launch of RISE, a dynamic morning networking group specifically designed for professionals in the Valley’s commercial real estate and AEC communities.

With a mission to foster meaningful relationships that ignite social energy and drive professional growth, RISE aims to become the go-to platform for industry leaders seeking to connect, collaborate, and elevate their careers.

“At RISE, we believe that strong relationships are the foundation of success,” Pierce said. “Our gatherings provide a vibrant space where industry leaders, innovators, and enthusiasts come together to share ideas, collaborate on projects, and build lasting partnerships. We create an environment that inspires creativity and connection.”

RISE aims to start the day with purpose and energy and network with like-minded professionals ready to support and elevate each other. Together, RISE professionals can build a stronger, more connected AEC community.

The group meets on the fourth Wednesday of each month from 8:30 a.m. to 10 a.m. The next meeting is January 22, at the offices of FFKR Architects, 58 S. River Drive, #380, Tempe, Arizona, 85288.

Companies interested in hosting a future RISE morning event can contact Pierce at cpierce@ffkr.com or (602) 326-0953.

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by Jan 06, 2025
NAIOP Arizona starts 2025 with new leadership; Phil Breidenbach assumes role as Board Chair

NAIOP Arizona starts 2025 with new leadership; Phil Breidenbach assumes role as Board Chair

News & Updates

by | Jan 6, 2025 | News & Updates

PHOENIX, ARIZ. (Jan. 6, 2025) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, elected officers and board members for 2025.

The 2025 Executive Committee of NAIOP Arizona includes Phil Breidenbach, SIOR, Colliers, Board Chair; Derek Flottum, VanTrust Real Estate, Vice Chair; Jenna Borcherding, VanTrust Real Estate, Programs Chair; Mike Olsen, Globe Corporation, Treasurer; and John Orsak, Lincoln Property Company, Immediate Past Chair.

The new officers will lead the Arizona chapter, which is the fifth largest NAIOP chapter among 55 in the U.S. and Canada with 1,107 members.

“It’s a privilege to lead NAIOP Arizona as 2025 Chair. Congratulations to outgoing chair John Orsak, our board, staff, and sponsors for making 2024 a success. Our members are grateful for your leadership and hard work,” Breidenbach said. “The commercial real estate industry is rapidly evolving. Unprecedented growth, key resource sustainability, political pressure, and everchanging markets continue to challenge our business, but together NAIOP members have the talent, perseverance, and resources to turn challenges into opportunities to grow their businesses, enhance their careers, and thrive as an industry.

“We see 2025 as a year of continued growth and prosperity for commercial real estate in Arizona. The NAIOP Arizona Board and I are honored to play a part in that success,” Breidenbach added.”

Beginning their first 3-year term are Tim Chester, Wentworth Property Company; Adrian Evarkiou, The Boyer Company; Cathy Teeter, CBRE; and Korey Wilkes, Butler Design Group. Josh Tracy with Ryan Companies US, Inc. will serve as the ex-officio representative for the Developing Leaders in 2025.

Continuing board members for 2025 are Chris Anderson, Hines; Chris Burson, Flagstar Bank; Jamie Godwin, Stevens-Leinweber Construction, Inc.; Robert Guerena, GO Industrial; Kevin Miller, Kitchell Development Company; Laura Ortiz, Evergreen Development; Byron Sarhangian, Snell & Wilmer; and Eric Whitehurst, Kimley-Horn.

Several of NAIOP Arizona’s long-time board members roll off at the end of 2024. Cathy Thuringer, Trammell Crow Company, served as Board Chair in 2023 and previously as Treasurer. Jeff Moloznik, RED Development, co-chaired the organization’s comedy show, Thursday Night Live, for several consecutive years. Kate Morris, Transwestern, chaired the Education Committee, and CJ Osbrink, Newmark, chaired Best of NAIOP and co-chaired Thursday Night Live. Tim Colquhoun, National Bank of Arizona, completed his one-year term as the Developing Leader representative on the Board of Directors.

“We’ve just completed a remarkable year for our association. NAIOP remains strong as we implement bold new initiatives to serve our members better,” said NAIOP Arizona President and CEO Suzanne Kinney. “Thanks to the active involvement of our incredible Board of Directors we can deliver best-in-class educational programming, public policy advocacy, and premier events.”

About NAIOP

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail, multifamily and mixed-use real estate. NAIOP comprises over 21,000 members in North America. The Arizona Chapter is among the largest in the bi-national network with over 1,100 members. For more information, visit naiop.org or naiopaz.org.

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by Jan 06, 2025
Trend Report announces 2024 Best-In-Class Awards for Southern Arizona’s top brokers

Trend Report announces 2024 Best-In-Class Awards for Southern Arizona’s top brokers

News & Updates

by | Jan 2, 2025 | News & Updates

     TUCSON, ARIZ. (Jan. 2, 2025) – Trend Report is pleased to announce the recipients of the 2024 Best-in-Class Broker® Awards for the third year, recognizing professionals who perform at the highest levels in commercial real estate sales in Pima County.

“It is my distinct pleasure to introduce the Top Real Estate Sales Brokers in Pima County for 2024, our Best-in-Class. These outstanding professionals have not only demonstrated exceptional sales performance but have also proven to be leaders in their field, consistently exceeding expectations in a competitive and ever-changing market in each commercial category,” said Karen Schutte, co-founder and CEO of RED Comps and Managing Editor of Trend Report.

Trend Report’s Best-in-Class Brokers for 2024 are:

  • Multifamily Sales (apartments more than 100 units): Clint Wadlund and Hamid Panahi, Marcus & Millichap (IPA);
  • Multifamily Sales (apartments less than 100 units): Allan Mendelsberg and C. Joey Martinez, Cushman & Wakefield | PICOR;
  • Industrial Sales: Tim Healy, CBRE in Tucson;
  • Office: Isaac Figueroa, CCIM, SIOR, Larsen Baker;
  • Retail: Jeremy Price, VOLK Company;
  • Residential Land Sales: Will White and John Carroll, Land Advisors Organization;
  • Industrial Land Sales: Jesse Blum, of Cushman & Wakefield | PICOR;
  • Commercial Land Sales: Scott Soelter, NAI Horizon.

Trend Report shares a close association with Real Estate Daily News and RED Comps, the most accurate, independently researched database of commercial real estate sales information available in Southern Arizona, so it is well-positioned to identify the top brokers in each commercial category.

RED Comps’ research team verifies and records all commercial real estate sales in Pima County. From that information, Trend Report can present the “no-nonsense” Best-in-Class Broker Awards to those individuals who closed the highest overall transaction sales volume for each market category each year. This year’s awards were calculated from Q4, 2023, to Q3, 2024, for a full year of sales.

These outstanding professionals have demonstrated exceptional sales performance and proven to be leaders in their field, consistently exceeding expectations in a competitive and ever-changing market.

Deal volume amounted to just over $1.67 billion for the period. The highest dollar volume was for multifamily, which achieved $394 million with 57 deals – a substantial number, but a 23.6 percent drop from $515 million in 2023. A total of 571 commercial properties were traded for the period – 56 fewer than 2023’s 627.

Retail sales brought in the second highest volume, scoring $345 million – up by 13.4 percent YOY.

These top brokers being recognized have mastered the art of connecting clients with properties, navigating complex transactions, and delivering results with unmatched dedication. Their ability to anticipate market trends, utilize innovative technology, and provide personalized, strategic guidance has set them apart from their peers.

“It is not just about numbers. These brokers have built lasting relationships with their clients based on trust, integrity, and a passion for helping people make some of the most significant decisions of their lives – buying or selling real estate,” Schutte said. “Their commitment to professionalism and their tireless work ethic has earned them not only financial success but also the respect and admiration of their colleagues and clients alike.

“As we look to 2025, we know these brokers will continue to raise the bar, pushing the boundaries of what’s possible and driving excellence in the real estate industry. Their achievements serve as a testament to their dedication, expertise, and commitment to the highest standards of service,” Schutte added.

Among the winners are representatives from national real estate powerhouses such as Marcus & Millichap, Land Advisors Organization, CBRE, Cushman & Wakefield, and top brokers of local firms in Southern Arizona. All winners must be based in Southern Arizona.

All Trend Report’s Best-in-Class Broker Awards are based exclusively on sales volume transaction data from the RED Comps commercial real estate database, the most accurate, independently researched database of commercial real estate property sales information. The Good Works Award was based on the most generous acts of time and money to the community.

These brokers will be honored at a Tucson-style happy hour in 2025 and can use the Best-in-Class logo in all future correspondence.

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by Jan 02, 2025
Liv Communities experiences year of growth, recognition, new communities set to open in 2025

Liv Communities experiences year of growth, recognition, new communities set to open in 2025

News & Updates

by | Dec 23, 2024 | News & Updates

     TEMPE, ARIZ. (Dec. 23, 2024) ‒ Liv Communities, a developer and operator with an extensive track record in amenity-rich multifamily and senior living projects, experienced an exceptional year of growth and recognition, with new communities set to open in 2025.

Recently honored among 2024 Best Places to Work in Multifamily, 2024 Best Places to Work in Multifamily for Women, 2024 Top Work Place by AZ Central, and 2024 Best & Brightest Companies to Work for in the U.S., Liv Communities continues to set the standard in creating vibrant, community-focused living spaces.

“As we celebrate the incredible milestones of our communities – some thriving for 20 years, others reaching their first decade, and exciting grand openings – it’s clear that our brand isn’t just about places to live; it’s about fostering personal connections and forming a sense of belonging,” said Robyn MacKeller, Vice President of Brand Marketing for Liv Communities. “Our residents’ loyalty speaks volumes about the strength of our brand and the meaningful experiences we create at Liv. I’m thrilled to see our footprint expand into dynamic areas like build-to-rent and 55+ communities, paving the way for more opportunities for even more people to live their best lives.”

Liv Communities held grand openings in Metro Phoenix for two communities:

♦️ Sol38 by Liv, a luxury 360-unit multifamily community in Laveen, Arizona, developed with the Rockefeller Group. It’s the fifth residential development completed by the partnership in Metro Phoenix. The duo has delivered a total of 1,829 apartments in the Valley. Located on 25.51 acres at 3875 West Dobbins Road, Sol38 by Liv offers studios and one-, two- and three-bedroom floorplans.

Liv+ Union Peak recently opened its doors as the company’s first 55+ age-qualified community.

♦️ Liv+ Union Peak recently opened its doors as the company’s first 55+ age-qualified community. The upscale community is in the Norterra/Union Park area at 25400 N. 21st Ave., in Phoenix. It boasts 145 units and brings upscale senior living to an underserved market.

Liv Communities celebrated milestones in several of its communities:

♦️Liv Northgate in Gilbert, Arizona, and Liv Ahwatukee in Phoenix celebrated 10-year anniversaries.

♦️Liv Wildwood, Ludington, Michigan, and Liv Arbors in Traverse City, Michigan, celebrated 20-year anniversaries.

Liv Communities also broke ground on two new communities:

♦️Liv Sky Cottages, Flagstaff, Arizona. The build-to-rent project is scheduled to open in late fall 2025.

♦️Liv East Bay, Traverse City, Michigan. The build-to-rent project will open in early winter 2025, partnering with Allen Edwin Homes.

The developer/operator also plans future brand expansion:

♦️Liv Communities closed on the land, calling it Liv+ Eastmark, in Mesa, Arizona, where it plans to build its second 55+ age-qualified community in the master-planned community of Eastmark.

“Since the opening of our first Liv (branded) community, Liv Avenida in Chandler, Arizona, to our newest grand opening at Liv+ Union Peak, countless enhancements have been made to curate the ultimate ‘Liv,’ experience. Building our brand is about actively discovering, and then acting upon what helps our customers, residents and all stakeholders live their best lives,” said Liv Communities’ COO Heidi Arave-Noonan, who was honored by helping moderate the Multifamily Women’s Summit in Phoenix in September. “We are never satisfied. Never finished. We spend our time working to improve our brand from the way we develop and operate our communities, to how our team is served and how we serve others. Celebrating all of these fabulous milestones brings all of us so much joy.”

Liv Sky Cottages, Flagstaff, Arizona. The build-to-rent project is scheduled to open in late fall 2025.

 About Liv Communities

Liv Communities helps people live their BEST lives by developing, owning, and operating multifamily, build-to-rent, and 55+ active adult communities. With a focus on thoughtful design, premium finishes, resort-style amenities, and prime locations, Liv Communities creates vibrant neighborhoods that encourage connection, well-being, and a sense of belonging. Residents and team members enjoy extensive opportunities to engage in community activities, fostering meaningful relationships and building a true sense of community. Learn more at LivCommunities.com.

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by Dec 23, 2024
Arizona investment sales expert Anna Sepic, MRED, CAM, joins NAI Horizon as Senior VP

Arizona investment sales expert Anna Sepic, MRED, CAM, joins NAI Horizon as Senior VP

News & Updates

by | Dec 18, 2024 | News & Updates

     PHOENIX, ARIZONA (Dec. 18, 2024) – NAI Horizon continues its strategic growth with the hiring of investment sales expert Anna Sepic, MRED, CAM. She joins the firm as a Senior Vice President specializing in investment sales for multifamily and land.

Sepic represents clients in land deals throughout Metro Phoenix and property in Metro Tucson, Yuma, and Flagstaff. Her extensive network of lenders, third-party inspectors, architects, and other industry contacts makes for a diverse referral network. Sepic previously served as a Vice President at LevRose Commercial Real Estate.

“Anna’s ‘clients first’ focus aligns perfectly with the approach we take at NAI Horizon,” said NAI Horizon Designated Broker Kelle Rice. “We’re thrilled to have someone with her experience and background on our investment sales team.”

Before joining LevRose in 2019, Sepic worked solely for her investment company, AMS Renatus Investing LLC which she opened in August 2011. Through AMS Renatus, Sepic focused on renovating homes with a specialty in the repositioning of multifamily properties facing mismanagement and blight across Metro Phoenix, with expertise in West Phoenix and Glendale. oversight included acquisitions, repositioning, management, and dispositions for her companies. Grassroots community organizing, especially working with the refugee and Hispanic communities, was a critical component that led to the tremendous success of the housing projects and led to overall large-scale community revitalization of the surrounding neighborhoods.

A native of Chicago, Sepic is active in various community programs and boards. She was awarded the Business Impact Award by NAWBO for her for profit and non-profit work in 2018. She has gone through several leadership and development programs as the youngest graduate at the time, including the DPS Citizens Academy, the Phoenix Police Department Citizens Academy as well as the FBI Citizens’ Academy, and the MCAO Citizen Academy (2016).  She is a graduate of the Valley Leadership Advance Class No. 2 in 2016.

Sepic received the 2014 City of Phoenix “Volunteer Impact Award” from then-Mayor Greg Stanton and Councilwoman Laura Pastor. This year she was a HUG award winner for One Step Beyond Inc. Sepic also served on the Board of Directors for the Maryvale Revitalization Corporation and worked with various community groups in the Canyon Corridor as well as the North Mountain Redevelopment area.

Sepic is a graduate from the W.P. Carey School of Business at Arizona State University with a Master of Real Estate Development (MRED) in 2017. She completed her undergraduate degrees in just two and a half years (2011) with a double major and minor: BA in psychology, BS in justice studies and social inquiry, and a minor in English.

Away from the office Sepic enjoys spending time with her family and traveling internationally to Europe, where much of her family is still lives. She also enjoys cooking and baking with her daughter.

“With my experience in investment sales, I am honored to bring my expertise and dedication to NAI Horizon,” Sepic said. “I am committed to excellence and driven by results. I look forward to forging new partnerships and creating value for our clients.”

 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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 more than 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 Dec 18, 2024
Pair of The Muller Company Senior Property Managers honored by their IREM chapters

Pair of The Muller Company Senior Property Managers honored by their IREM chapters

News & Updates

by | Dec 18, 2024 | News & Updates

     PHOENIX, ARIZ. (Dec. 17, 2024) – The Muller Company, a real estate investment, development, and management firm that excels in acquiring and repositioning commercial properties, is proud to announce that two of its Senior Property Managers have been named 2024 Certified Property Manager (CPM) of the Year by their respective IREM chapters.

Genna Goldberg, CPM, was named CPM of the Year by IREM Greater Phoenix for her legislative work in Washington, D.C. Amy Martin, CPM, RPA, FMA, LEED GA, was named CPM of the Year by IREM Los Angeles for overall leadership in 2024.

IREM, the Institute of Real Estate Management, is the industry voice for real estate management with more than 20,000 leaders in commercial and residential management who benefit from its education programs, certifications, and networking.

A Senior Property Manager, Goldberg joined The Muller Company in 2009 (15 years). She has extensive experience managing industrial, office, and retail properties over her career. She directs day-to-day operations including overseeing property renovations, leasing activity, legal, support staff, maintenance, and vendors.

“A huge thank you to IREM Phoenix Chapter President, Carrie Temple, and the entire board for this incredible honor. Their encouragement and support have been instrumental in this journey,” Goldberg said. “To my fellow property management professionals: here’s to championing important legislation, and strengthening collaboration. Cheers to making a positive impact, one step – and one policy – at a time.”

A native of Chicago, Goldberg is active in IREM Greater Phoenix and several other industry groups in the Valley. She has served on the IREM National Advocacy Committee, the IREM National Governing Council, and was President of IREM Greater Phoenix in 2013 and 2018. Goldberg is also active in NAIOP Arizona.

Goldberg gives back to the community supporting the Xavier Mothers’ Guild and Toys for Tots. Away from the office she enjoys traveling with her daughter for beach volleyball.

Martin, also a Senior Property Manager, joined The Muller Company in 2006 (18 years). She provides oversight and leasing for a 155,000 SF medical office building with almost 100 tenants. Martin is responsible for training, developing, and managing a staff of 22 consisting of an assistant property manager, an engineer, contracted security, janitorial, and parking personnel.

A native of Flint, Michigan, Martin is actively involved with IREM Los Angeles, BOMA Greater Los Angeles, and USGBC. In 2019 she served as President of IREM Greater Los Angeles. Martin is a two-time nominee for BOMA Greater Los Angeles Property Manager of the Year and a three-time TOBY Award winner.

Martin is an accomplished abstract artist who says her inspiration comes from her husband, music, and her love of color. Martin is an avid crocheter and a die-hard Los Angeles Lakers fan.

“It has been my absolute honor and privilege to serve the IREM Los Angeles community,” Martin said. “A special thank you to our Chapter President, Jaymi Lacap, as well as the entire IREMLA Executive Council, for your love, support, and appreciation. With gratitude, I will forever cherish this special recognition.”

To learn more about The Muller Company, visit themullercompany.com.

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by Dec 18, 2024
NAI Horizon facilitates 5,053 SF long-term retail lease for Modern Mods at Shops at Norterra

NAI Horizon facilitates 5,053 SF long-term retail lease for Modern Mods at Shops at Norterra

News & Updates

by | Dec 17, 2024 | News & Updates

     PHOENIX, ARIZONA (Dec. 17, 2024) – NAI Horizon facilitated a long-term retail lease at the Shops at Norterra, 2450 W. Happy Valley Road, in Phoenix.

NAI Horizon represented Modern Mods Norterra LLC in a new, 5,053 SF long-term lease totaling almost $940,000. Associate Brandon Hall led the NAI Horizon team in the transaction. Other team members included Managing Director Lane Neville, Senior Associate Cole Neville, and Associates Whitney Heritage and Matt Westra.

“Our team had been working on the Modern Mod’s requirement for a little over a year and we narrowed in on North Phoenix for their next regional retail location,” Hall said. “Only one suite at Norterra became available and though it was a bit bigger than their requirements, we were able to structure a plan to consolidate their office/training facilities under one roof. This and their new retail piercing location allowed us to seize the opportunity to be at Norterra. It was great working with Heather and Bobby Moss and our team is thrilled to see how the space turned out.”

With locations at Arrowhead Town Centre in Glendale, Arizona, and Chandler Fashion Center in Chandler, Arizona, Modern Mods offers ear piercing and curation; facial and oral piercing; body piercing; and permanent jewelry.

The Shops at Norterra is a 354,000 SF lifestyle center featuring specialty retailers and junior anchors located in the rapidly expanding north Phoenix submarket known as the Black Canyon Corridor. The Shops at Norterra creates a village-like atmosphere with abundant pedestrian walkways.

Tenants include Harkins Theaters, Dick’s Sporting Goods, BevMo, Best Buy, Mellow Mushroom, Pita Jungle, and Panera Bread, to name a few.

The landlord, Yam Norterra, LLC, of Scottsdale was represented by Shane Stephens of Block 23 Commercial, LLC c/o RED Development.

 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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 more than 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional 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 Dec 17, 2024
Caliente Construction focuses on its strategic growth, promotes Mike Hansberger to CFO

Caliente Construction focuses on its strategic growth, promotes Mike Hansberger to CFO

News & Updates

by | Dec 16, 2024 | News & Updates

     TEMPE, ARIZ.  (Dec. 16, 2024) – Focusing on the next phase of its strategic growth plan, Caliente Construction Inc., a woman-owned full service general contractor, has promoted Micheal L. Hansberger Jr. CPA, CCIFP, to Chief Financial Officer.

In transitioning into his new role, Hansberger succeeds Lisa Autino, CPA, CCIFP, Caliente’s CFO for the past 10 years. Autino will assume the title of CFO Emeritus and serve on the Caliente Governing Board.

Formerly Caliente’s Financial System Manager, Hansberger will assume responsibility for the financial accounting and reporting functions for the company. Hansberger has been with Caliente for 5 years.

“Mike’s dedication, expertise, and forward-thinking approach have been invaluable to Caliente’s success over the past five years. His leadership as CFO will be instrumental in guiding us through the next phase of our strategic growth,” said Caliente CEO and President Lorraine Bergman.

A native of Yuma, Arizona, Hansberger earned a Bachelor of Science degree in accounting from Northern Arizona University in Flagstaff. He is Vice President of the Construction Financial Management Association and becomes its President in April, 2025.

Hansberger served as Treasurer/Board Member with the Phoenix Theatre Company for 14 years. Away from the office he enjoys hiking, traveling, cooking, and collecting vintage cookbooks.

“It’s an honor to step into the role of CFO at Caliente, a company that prioritizes trust, collaboration, and delivering exceptional results. I’m excited to contribute to our continued growth and to furthering the legacy of excellence that Lisa has established,” Hansberger said.

Autino’s retirement comes after more than 30 years in the construction industry. She joined Caliente in 2014 as the firm’s CFO. During her tenure at Caliente, she was named the Certified Construction Industry Financial Professional (CCIFP) of the Year at the Construction Financial Management Association (CFMA) Conference in 2022.

About Caliente Construction

Caliente Construction, Inc. is a women-owned commercial general contractor specializing in delivering innovative and cost-effective construction solutions for public and private sector clients. With 95 dedicated employees, we proudly serve industries including commercial, industrial, healthcare, education, public safety, parks and recreation, energy, and mission-critical facilities across the Western United States. Since 1991, our focus on trust, integrity, and collaboration has built lasting relationships, with over 90 percent of our work coming from repeat clients. At Caliente, we turn visions into tangible realities through operational excellence, adaptability, and a passion for building. Learn more at www.calienteconstruction.com.

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by Dec 16, 2024
Kidder Mathews Healthcare Real Estate Services team outpaces growth after another strong year

Kidder Mathews Healthcare Real Estate Services team outpaces growth after another strong year

News & Updates

by | Dec 10, 2024 | News & Updates

     PHOENIX, ARIZ. (Dec. 10, 2024) – Outpacing growth in scale and size of transactions from past years, the Kidder Mathews Healthcare Real Estate Services team is celebrating another successful year and looking ahead to 2025.

As the Valley’s population grows, so does the demand for healthcare real estate. Closing the books on 2024, the team facilitated 163 transactions (141 leases and 12 sales) totaling 884,000 SF and $176 million in total consideration.

“The strength of our team stems from the emphasis we put into fostering relationships with our clients and fellow brokers within the marketplace,” said Senior Vice President Michael Dupuy. “The team is always the first call from healthcare professionals, healthcare groups, brokers, landlords and investors to learn about availabilities within the market and/or guidance on purchase or leasing opportunities thanks to their existing relationships and expertise. This past year was no exception. Looking ahead to 2025, we are working on new deals in the pipeline or under contract including new investment sale opportunities.”

The rest of the team comprises Senior Vice President Fletcher Perry; Senior Vice President Perry Gabuzzi, CCIM; Senior Vice President Rachael Thompson; Associate Chad Sutton; Associate Zack Harris; and Senior Brokerage Coordinator Rachel Wahlers. The team also welcomed back Client Services Coordinator Emily Ernst.

The Metro Phoenix medical outpatient building (MOB) market was vibrant during the third quarter of 2023. Direct vacancy rate was slightly lower from 12.5 percent in 3Q 2023 compared to 12.6 percent for 3Q 2022. Asking rates increased to $29.44/SF in 3Q 2023 compared to $27.89/SF in 3Q 2022. The team expects rental rates to continue rising due to shrinking supply and rising costs of construction.

Notable deals closed by the team in 2024:

♦️Sale of 6309 E. Baywood Ave., Mesa, Arizona, represented the buyer in a 30,117 SF ASC sale that totaled $15.4 million.

♦️Leasing activity on Banner Del Webb and Banner Boswell Campuses in the on-campus medical office buildings totaling 39,159 SF.

The team exclusively represent healthcare tenants, landlords, investors and developers nationally. It is a full-service team with a combined 75+ years of experience in tenant and landlord representation, investment sales and development in the healthcare sphere. Each team member has a specific role within their sector to cover all bases.

Dupuy, with more than 16 years of experience, focuses solely on investment sales. He established the team with Perry in 2008. Perry, also with more than 16 years of experience, represents national and local healthcare groups, focusing exclusively on tenant representation.

Gabuzzi focuses on landlord representation, tenant representation, and investment sales. He possesses 17 years of experience and joined the team in December 2021. Thompson concentrates on landlord representation with institutional and private ownership groups. She brings 21 years of experience and joined the team in 2015.

The team works with institutional and private capital ownership groups including Healthcare Realty Trust, Remedy, Anchor Health Properties, Cypress Office Properties, Ventas/Lillibridge, National Healthcare Properties, Global Medical REIT, Nationwide Realty Investors, Montecito Medical, Caddis, and Woodside Health among others. Additionally, the team works with numerous tenants in the Valley’s healthcare field.

“Each member of the team demonstrates a high level of synergy and teamwork, being able to seamlessly work together in their specific roles,” Gabuzzi said. “Our biggest strength is a strong sense of unity and shared purpose that sets us apart from our competitors and enables us to consistently maximize results and exceed client expectations.”

 About Kidder Mathews

Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.

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by Dec 10, 2024