NAI Horizon’s Terry Martin-Denning Named Secretary of NAI Global 2020 Leadership Board   

NAI Horizon’s Terry Martin-Denning Named Secretary of NAI Global 2020 Leadership Board  

News & Updates

     PHOENIX, ARIZ. (Jan. 22, 2020): Terry Martin-Denning, CEO & Designated Broker, NAI Horizon, was named Secretary of the NAI Global 2020 Leadership Board. NAI Global is a leading global commercial real estate brokerage firm.

“We are very pleased to have Terry in this role,” said Jay Olshonsky, President and CEO of NAI Global. “The success of NAI Horizon is a testament to her leadership skill. Our offices are very fortunate and will benefit from her experience.”

The NAI Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and breed mutual trust and respect throughout the organization. It fosters and promotes activities, education and communication that elevate the level of engagement and productivity of Offices, Agents and the Organization at-large.

Martin-Denning will also serve on the NAI Global Board’s Executive Leadership Committee, comprised of executive committee officers, past chairs, and NAI Global’s executive leaders. This group assures the alignment of strategies, goals and objectives so that the organization can perform with the greatest degree of efficiency under a shared vision.

“I’m looking forward to my new role on the Leadership Board,” Martin-Denning said. “It’s an honor to serve with this talented group of NAI executives.”

Martin-Denning was named to the NAI Global Leadership Board in 2019.

She was appointed NAI Horizon’s CEO in January 2015 and served as COO from 2006 until becoming CEO. She has been employed in various capacities by NAI Horizon and its affiliated companies since 1985.

Martin-Denning is visible in the business community and active in Valley Partnership, NAIOP Arizona, AZCREW, Urban Land Institute Arizona, CCIM and ICSC. She is AZCREW’s 2020 President.

by Jan 22, 2020
MEB Commercial Management Group, OPTIM Property Solutions merge, expand footprint, expertise across Phoenix, Tucson and Las Vegas

MEB Commercial Management Group, OPTIM Property Solutions merge, expand footprint, expertise across Phoenix, Tucson and Las Vegas

News & Updates

     PHOENIX, ARIZONA (January 21, 2020) – MEB Commercial Management Group and OPTIM Property Solutions have announced a merger of their business operations, a move that will open new client relationships and combine resources to better serve clients, become more efficient and advance in technology. The merged business will operate under the MEB Commercial Management Group brand.

The merger will create a company with 3 million square feet (MSF) of management property at more than 70 buildings of office, retail and light industrial.

The leadership team will comprise Principals Libby Ekre, Jodi Sheahan and Scott Cook; Managing Director and Designated Broker Azar Meszaros; Vice President Tyrel Williams; and Director of Accounting Jayne Anderson. Karlene Politi, former President of OPTIM, will play a key role overseeing a large regional portfolio and work with MEB Commercial leadership on strategic initiatives. The rest of the OPTIM Property Solutions staff will join MEB Commercial as well, adding additional depth to the highly-talented team.

“It’s gratifying to see the synergy and momentum this merger is creating for our company and our clients,” said Ekre, one of the three original founders of MEB Management Services, which celebrated its 20th anniversary in 2018. “I’m excited to work with this highly driven team of experts who have mastered the ability to create value for clients.”

Prior to the merger, MEB Commercial had approximately 1.5 MSF of office, 330,000 SF of retail and 70,000 SF of light industrial under management. OPTIM had approximately 500,000 SF of retail, 400,000 SF of office and 100,000 SF of light industrial under management.

The company will serve Metro Phoenix, Tucson and Las Vegas. More than 20 employees will be housed at MEB Commercial’s offices at 3030 N. Central Ave. and 11201 N. Tatum Blvd. in Phoenix.

Key properties under management include a 100,000+ SF Class A office building in the Paradise Valley area; a 180,000+ SF, 15-story office building in Midtown Phoenix; an iconic mid-rise office building in the heart of downtown Mesa; and a newly renovated, 100 percent occupied retail center in Queen Creek.

“The combination of companies, people, experience and resources gives us the best of all worlds for our existing and future clients,” Politi said.

The merger will create a firm with professionals who possess decades of top commercial management experience and impressive industry credentials. Five of the company’s leaders and managers hold the highly respected Certified Property Manager (CPM®) credential from the Institute of Real Estate Management. Leadership of both entities has had long-time professional relationships with each other. The move positions MEB to better serve clients of all asset types and continue with OPTIM’s 17 years of commercial operations in Nevada.

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About MEB Commercial Management Group

About MEB Commercial Management Group (MEB Commercial) provides real estate management services for all types of commercial assets. MEB Commercial has corporate offices in Phoenix, Paradise Valley, and Henderson, Nevada, with a staff of more than 20 real estate professionals. MEB Commercial is respected for its ability to drive value for its clients. For more information visit www.mebcommercial.com.

 

by Jan 21, 2020
Prescott’s Whispering Canyon master-planned community nears close-out on Phase 3 and 4

Prescott’s Whispering Canyon master-planned community nears close-out on Phase 3 and 4

News & Updates

Sales surged in 2019 for spacious custom lots, new homes; leaving 30 remaining available lots in highly desirable master-planned community

      PRESCOTT, ARIZ. (Jan. 16, 2020) – Whispering Canyon, a master-planned community nestled in the high desert of Prescott, Arizona, adjacent to Granite Mountain and surrounded by Prescott National Forest, is nearing close-out of its two open phases.

Currently available phases of the community experienced an unprecedented swell of home and ready-to-build lot sales in 2019. The luxury lifestyle community, located at Whispering Canyon Drive and Williamson Valley Road, has 30 remaining lots available between its non-gated Phase 3 and its gated Phase 4.

Newly constructed homes are available in four floorplan options ranging in size from 2,100 SF with two bedrooms and a den to 2,550 SF with three bedrooms, an office and 2.5 baths. Each new home in Prescott’s Whispering Canyon community includes an attached finished three-car garage.

Currently, a two-story 2,800+ SF model is available for sale. Prices range from the low $500,000s to the $700,000s. Currently, there are a limited number of “move-in ready” new homes available.

Spacious custom lots are also available throughout the community for buyers looking to have their dream custom home built. Each lot was positioned to offer privacy and unequaled views while providing a sense of community and a sense of immersion into the natural surroundings.

New home sales at Whispering Canyon are being managed by the Norkus Group in Prescott, which has sold all of the new homes built in Whispering Canyon in 2019. The community is expected to be sold out of its inventory by very early summer 2020.

“New home and lot sales have been very active in 2019 at Whispering Canyon, exponentially exceeding previous year’s sales and bringing us to the point of near sell-out for the two currently available phases,” said Cole Johnson, developer of Whispering Canyon. “People are relocating from areas like California, Washington, Texas and Canada as well as elsewhere in Arizona because they appreciate the value, amount of land, and size of home they can get for their dollar here in Prescott.

“It’s ideal for retirees as well as for families looking for a second home or wanting to move to a smaller community where their dollar goes much further – it’s a great way to downsize on your mortgage and home costs while simultaneously increasing your acreage with all of the benefits of a new home. Our buyers are recognizing the value and quality experience they get here,” Johnson said.

Recognized for craftsmanship, quality materials and state-of-the-art technology, new homes in Whispering Canyon offer numerous features, from the paver drive and architectural stone exterior to the outdoor living patios with amazing mountain views. Each semi-custom home floorplan has a spacious great room with formal dining, designed to capture natural light and views and showcases the 10-foot ceilings as well as designer tile flooring, carpet, and interior colors for buyer selection.

The great room has access to a covered patio and kitchens feature stainless appliances, buyer select cabinetry, granite counter island, pantry, and breakfast bar or nook. The master bedroom provides a welcome retreat with luxury en-suite walk-in shower, double vanity and walk-in closet. Flexible floorplans include second master suite, guest bedrooms, office and full bath plus additional powder room options.

Whispering Canyon’s exterior combinations of stucco, stone, timber and tile rooftops create an eclectic mix of styles including Tuscan, Spanish, Ranch, Territorial and Craftsman-Bungalow. Buyers can customize the home’s exterior and interior to reflect your tastes and lifestyle.

To immediately schedule your opportunity to explore ownership of the homes and custom lots at Whispering Canyon and see the breathtaking natural surroundings schedule a visit. Whispering Canyon is open daily from 11 a.m. to 4 p.m. or you can call (928) 710-0148 to schedule an appointment. Visit whisperingcanyon.com for more information.

 

 

 

by Jan 15, 2020
AZCREW ushers in 2020 with bold, new vision; NAI’s Terry Martin-Denning named President

AZCREW ushers in 2020 with bold, new vision; NAI’s Terry Martin-Denning named President

News & Updates

PHOENIX, ARIZ. (January 13, 2020) – A bold strategic vision and new board members kick-off 2020 for AZCREW.

AZCREW is Metro Phoenix’s premier real estate organization, focused on the advancement and success of women within the commercial real estate industry through leadership, professional relationships, education and excellence. AZCREW is part of the national CREW network.

The 2020 Board of Directors are Terry Martin-Denning, CEO/Designated Broker, NAI Horizon, President; Lindsey Carlson, Colliers International, President-elect/programs chair; Heather Fox, CBRE, Treasurer/CREW Foundation chair; Lorna Bannister, KB Home, Secretary/sponsorship chair; Amber Coleman, CBRE, Director/PR/community outreach chair; Dana McDonald, Stewart Title, Director/membership chair; Francine Moore, Director/special events chair; and Jennifer Cranston, Gallagher & Kennedy, Past President/legacy chair.

“I am excited about the opportunity to serve as President and to work with this great group of leaders,” Martin-Denning said. “I’ve learned a lot this past year under Jennifer Cranston’s leadership. I look forward to furthering the vision of AZCREW in 2020.”

AZCREW’s strategies include maintaining and strengthening the current membership base of more than 200 members, focusing on quality, diversity and member engagement by continuing to offer high quality, relevant programs and events to enhance membership value. AZCREW will continue to support CREW Foundation and its initiatives and promote and communicate AZCREW leadership opportunities.

Some of AZCREW’s 2019 highlights:

>> AZCREW was selected as the YWCA’s 2019 Tribute to Leadership Women’s Empowerment Corporate honoree. The award recognizes individuals and organizations that have generously given their time and talents to the community. Being chosen is a highly prestigious honor as the organizations chosen as corporate honorees exemplify the very best qualities in an organization: honesty, collaboration, ambition, and empowerment, a commitment to diversity and inclusion and volunteerism.

>> Every two years, AZCREW selects a charity partner as the beneficiary of its annual AZCREW Golfiesta. New Pathways for Youth is the 2019 and 2020 beneficiary and received a $16,000 donation from AZCREW in 2019.

>> AZCREW presented a $10,000 scholarship to Arizona State University Master of Real Estate Development (MRED) student Abby Perez. The scholarship was announced at AZCREW’s annual Black & White Affair, held Oct. 30 at Transwestern’s new office at the Esplanade. The event benefits AZCREW’s “MRED Dollars for Scholars” program.

Over the past 9 years, AZCREW has supported MRED students by awarding more than 15 scholarships totaling nearly $50,000. It was the best attended Black & White affair since its inception in 2010 with 140 industry professionals enjoying a beautiful fall evening.

About AZCREW:

With more than 200 members, AZCREW is the premier commercial real estate organization that dominates in the advancement and success of women within the commercial real estate industry in Metro Phoenix through leadership, professional relationships, education and excellence. As part of CREW Network, the industry’s premier networking coalition, AZCREW is dedicated to advancing the success of women in commercial real estate. CREW Network’s membership of more than 11,000 professionals in 70+ major global markets represents all aspects of commercial real estate—providing our members with direct access to real estate professionals across all geographies and disciplines. For more information visit arizonacrew.org.

 

by Jan 13, 2020
Sale of retail building in Tempe, sale of two self-storage properties highlight recent transactions closed by NAI Horizon   

Sale of retail building in Tempe, sale of two self-storage properties highlight recent transactions closed by NAI Horizon  

News & Updates

     PHOENIX, ARIZ. (Jan. 9, 2020): The $3.5 million sale of a Tempe retail building and the sales of two self-storage properties for a combined $3.55 million in two rural Arizona towns highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

Lane Neville and Logan Crum negotiated a sale of a 19,810 SF retail building, representing the buyer, Old Vine Limited Partnership, for $3.5 million. The property is located at 2240 N. Scottsdale Road, Tempe, AZ. The seller, DROF 1-5, LLC, represented itself.

Denise Nunez negotiated the sale of a self-storage property, representing the seller, 603 Industrial, LLC, for $2 million. The property is located at 603 Industrial Drive, Camp Verde, AZ. The buyer, Daniel W. Balliet, Diana L. Balliet, and Jason A. Balliet, was represented by Don Arsenault with Don Arsenault Realty.

Denise Nunez negotiated the sale of a self-storage property, representing the seller, Georgeanna Jones, for $1.55 million. The property is located at 3586 E. US Highway 60, Miami, AZ. The buyer, TAJ Apex Consulting Group, LLC, represented itself.

Rick Foss and Jay Olson negotiated a sale of a 13,264 SF industrial building, representing the buyer, Precision Glass & Aluminum, LLC, for $1.07 million. The property is located at 2020 W. Melinda Lane, Phoenix, AZ. The seller, 2020 Melinda Inc. represented itself.

Troy Giammarco and Joe Pequeno with NAI Horizon and Sean Gillespie with Nathan & Associates negotiated the sale of a 5,140 SF office building and 3 acres of land, representing the seller, Vulture Peak Properties Limited Inc., for $1 million. The property is located at 1938 Wickenburg Way, Wickenburg, AZ. The buyer, Town of Wickenburg, represented itself.

Mark Wilcke and Michael Gaida negotiated the sale of a 9,900 SF industrial building, representing the seller, Paul’s Car Care Inc., for $965,000. The property is located at 1457-1459 N. Arizona Ave., Chandler, AZ. The buyer, CW Legacy LLC, was represented by Kenneth Elmer with Commercial Properties Inc.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated a 5,997 SF retail building, representing the seller, Sun City Restaurant, LLC, for $925,000. The property is located at 13039 N. 103rd Ave., Sun City, AZ. The buyer PTM Properties, LLC, represented itself.

Lori Kahn negotiated a sale of a 2,506 SF medical building, representing the buyer, Integrity Pain and Anesthesia PLLC, for $601,838. The property is located at 6677 W. Thunderbird Road, Glendale, AZ. The seller, Christian Consulting, Design and Engineering, was represented by Megan Reeves with Plaza del Rio.

Matt Harper, CCIM, negotiated the sale of a 3,736 SF office building, representing the seller, The Larry A. Kamka and Ellena M. Kamka Revocable Living Trust, for $325,000. The property is located at 7840 N. 31st Ave. Phoenix, AZ. The buyer, Southwest District Council of Assemblies of God, was represented by Bill Nanney with KW Commercial.                                           

Matt Harper, CCIM, negotiated a sale of a 1,975 SF office building, representing the seller, Daniel J. Swingler and Dorothy Marie Swingler for $275,000. The property is located at 5830 N. 59th Ave., Glendale, AZ. The buyer, EEMAD, LLC, represented itself.

Dylan Whitwer negotiated the sale of a 3,930 SF office building, representing the buyer, Folz Properties LLC, for $260,000. The property is located at 2015 W. Apache Blvd., Apache Junction, AZ. The seller, L.R.K. Inc., was represented by Tony Vehon with Wichert Realtors – Lake Realty.

Matt Harper, CCIM, negotiated a sale of a 1,215 SF retail building, representing the buyer, Robert Lee Thatcher and Arlene A. Thatcher, for $103,000. The property is located at 7025 N. 48th Ave., Glendale, AZ. The seller, Frank Yamamoto and Kumiki Yamamoto, represented itself.

Laurel Lewis and Dylan Whitwer negotiated a sale of a 1,709 SF office building, representing the seller, Troon LLC, for $95,508. The property is located at 10045 E. Dynamite Blvd., Bldg: F., Scottsdale AZ. The buyer, Manaco Ventures Trust, represented itself.

Lease Transactions:

Mike Kumelski represented the tenant, Aggregate Athletics, LLC, in a 120-month retail lease for 44,927 SF at 7720 Union Park Ave., Midvale, UT. The landlord, Fort Union Shopping Center LLC, was represented by Scott Brady/MK Partner Ben Brown with Mountain West Commercial.

Mike Myrick, Don Morrow and Dylan Whitwer represented the landlord, Thomas Investments Limited Partnership, LLP, in a 132-month office lease for 4,603 SF at 1112 E. McDowell Road, Phoenix, AZ. The tenant, Thomas Investments Limited Partnership, LLP, was represented by Alexandra Loye with Colliers.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, CP6MF LLC, in a 120-month retail lease for 2,814 SF at 1840 E. Warner Road, Tempe, AZ. The tenant, Core Concepts AZ Tempe, LLC, was represented by Sean Bishop with Lee & Associates.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented both the tenant, SB Tempe, LLC and the landlord, Ziegler’s NYPD Pizza, LLC, in a 66-month retail sublease for 2,746 SF at 222 S. Mill Ave., Tempe, AZ.

Jeff Adams represented the tenant, Camp Roofing, LTD, in a 51-month industrial lease for 8,521 SF at 1440 West 12th Place, Tempe, AZ. The landlord, BKM Twins 115, LLC, was represented by Andy Brigham & Bill Bayless with CBRE Phoenix.

Isy Sonabend represented the tenant, Smalley and Company, in a 36-month industrial lease for 12,815 SF at 5546 W. Roosevelt St., Phoenix, AZ. The landlord, Kensington Investments V, LLC, was represented by Gary Anderson with Cushman & Wakefield. 

Mike Myrick represented the landlord, Kyrene Office Suites, LLC, in an 84-month office lease for 1,318 SF at 605 W. Knox Road, Tempe, AZ. The tenant, Edward Jones, was represented by Larry Little with Mutual Property Advisors.

 Laurel Lewis and Mike Kumelski represented the tenant, Domino’s Pizza, LLC, in a 61-month office lease for 2,146 SF at 2601 E. Thomas Road, Phoenix, AZ. The landlord, Arizona Assemblies of God Real Estate Holding Company, LLC, was represented by Suzanne Enright with Shell Commercial.     

Chris Gerow, Shelby Tworek, Gabe Ortega & Patrick Anthon represented the landlord, Weingarten Nostat Inc., in a 60-month retail lease for 1,440 SF at 7750 E. McDowell Road, Scottsdale, AZ. The tenant was represented by Kolton Pico Matosich with Sheldon Wiseman Commercial Real Estate.

Thomas Bean, CCIM, and Laurel Lewis represented the landlord, Corner Edge Interactive, LLC, in a 21-month office sublease for 3,446 SF at 2165 W. Pecos, Chandler, AZ. The tenant, The Institute for Liver Health, LLC, represented itself.

Matt Harper, CCIM, represented the landlord, HBR Properties, LLC, in a 39-month retail lease for 1,600 SF at 3522 Grand Ave., Phoenix, AZ. The tenant, Gabriel Amavizca and Quintero Murrieta Guadalupe dba Encinas Meat, represented itself.  

Matt Harper, CCIM, represented the landlord, Allan Edward Slatin Trust, in a 41-month retail lease for 2,500 SF at 4744 E. Thunderbird Rd., Phoenix, AZ. The tenant, Arizona Budokan, LLC, was represented by Greg Valladao with SRS Real Estate Partners.

Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 60-month retail lease renewal for 3,528 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Zena Yakoob and Shaalan Yakoob dba Express Food Mart, represented itself.

Matt Harper, CCIM, represented the landlord, HBR Properties, LLC, in a 39-month retail lease for 1,000 SF at 3522 Grand Ave., Phoenix, AZ. The tenant, El Paris Barbershop, LLC dba Raspados El Bikini, represented itself.

Thomas Bean, CCIM, and Laurel Lewis represented the landlord, Top of the Tram, LLC, in a 10-month office lease for 3,446 SF at 2165 W. Pecos, Chandler, AZ. The tenant, The Institute for Liver Health, LLC, represented itself. 

Don Morrow and Dylan Whitwer represented the landlord, Freeport Investments, in a 24-month office lease for 2,002 SF at 2720 E. Thomas Rd., Phoenix, AZ. The tenant, Centria Healthcare, represented itself.

 Matt Harper, CCIM, represented the landlord, Puchhi, Inc., in a 38-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, BCF, LLC dba Remedy Kettlebell Club, represented itself.

Matt Harper, CCIM, represented the landlord, Kayrich Associates, LLC, in a 38-month retail lease for 1,712 SF at 6445 N. 51st Ave., Glendale, AZ. The tenant, Pretty Wicked Bootcamp LLC, represented itself.

Jennifer Loehnert represented the tenant, Evolution Insurance, LLC, in a 24-month office lease for 389 SF at 3101 N. Central Ave., Phoenix, AZ. The landlord, Boxer Property Management Corp., was represented by Robert Wilder with Boxer Property Management Corp.

Joan Krueger, Don Morrow and Dylan Whitwer represented the landlord, Norman Family LP, in a 12-month office lease for 500 SF at 1111 N. Gilbert Road, Gilbert, AZ. The tenant, Better Way Tax, represented itself.

by Jan 09, 2020
Todd Severson returns to luxury community developer Symmetry Companies as partner

Todd Severson returns to luxury community developer Symmetry Companies as partner

News & Updates

     SCOTTSDALE, ARIZ. (Jan. 7, 2020) – Luxury lifestyle community developer Symmetry Companies announces that Todd Severson has returned to the organization as partner.

In his new role, Severson will be focused on the acquisition of new resort, lifestyle and hospitality inspired projects as well as oversight of assets under management.

Severson brings a diverse, 15-year background in design, finance and development to the organization. In addition, his international development experience provides unique insights into creating exceptional destinations and meaningful experiences.

Most recently, Severson served as the director of acquisitions, entitlements and infrastructure at Discovery Land Company. While in this position, he was responsible for the acquisition, design and development for numerous internationally recognized resort communities. They include Barbuda Ocean Club (Antigua & Barbuda); Playa Grande Golf & Ocean Club (Dominican Republic) as well as the acquisition of James Island (British Columbia, Canada).

Prior to joining Discovery, Severson participated in the master planning and place creation of several leading resort communities or destination resorts including Makena Golf & Beach Club (Maui, Hawaii); Northstar Ski Resort & Residences (Lake Tahoe, California); and Island Lake Lodge (British Columbia, Canada).

Prior to his work with Discovery Land, Severson played a key role during the early years of creating Symmetry Companies.

“We’re extremely pleased to welcome Todd back to the Symmetry team,” said Peter Burger, president and founder of Symmetry Companies. “With his leadership, passion for resort design and technical knowledge of real estate, we’re confident that he will help us continue creating exceptional experiences for residents at existing and future communities in our portfolio.”

In addition to his professional pursuits, Severson actively participates in local real estate events through his involvement with ULI Arizona’s AzTAP councils and UrbanPlan facilitations. He serves as a leader within ULI’s Young Leaders Partnership Forum.

Severson earned a B.S. in landscape architecture and an M.S. in real estate development from Arizona State University.

 

by Jan 07, 2020
New Luxury Willow Creek Apartments Community Opens its Doors in Prescott

New Luxury Willow Creek Apartments Community Opens its Doors in Prescott

News & Updates

     PRESCOTT, ARIZ. (December 17, 2019) —The Willow Creek Apartments community in Prescott, Arizona, recently celebrated its grand opening with Mayor Greg Mengarelli participating in the community ribbon-cutting event.

The luxury, 160-unit garden-style apartment community, located at 3137 Willow Creek Road, is the first new signature apartment community in the area to complete construction and provide much-needed luxury level multi-family living options to area residents.

“The grand opening of Willow Creek Apartments is a milestone many years in the making,” said Cole Johnson, owner and developer of Willow Creek Apartments. “After several setbacks, it’s great to finally be at the point where the city of Prescott has delivered the certificate of occupancy and residents are moving in.

“I would also like to thank the many individuals who have been behind the scenes working to make Willow Creek Apartments a reality. I am thrilled to welcome our new residents and invite the many prospective residents, who have been watching and waiting for a new option in luxury living in Prescott, to come by for a tour of what I believe is the best new apartment community in our city,” Johnson said.

The new limited number of studio, one-bedroom, two-bedroom and carriage house apartment units with floor plans ranging from just over 670 to 1188 square-feet are now available for immediate move in. Current offerings include furnished and short-term rentals and leases for each unit type.

Each luxury apartment home includes an in-unit laundry room with full-size washer and dryer, premium stainless-steel kitchen appliances and granite counter tops, wood plank flooring, and spacious living areas. Each unit has its own courtyard/patio and its own designated covered parking as well as optional detached garages.

The central Prescott location offers spectacular views of Granite Mountain, significant open space and lush landscaping throughout the community.

The pet-friendly community also offers residents a large clubhouse with a full-kitchen, supplemented by multiple outdoor barbeque areas, and community entertainment space for gathering and for private events as well as a best in class 24-hour fitness center and the convenience of an on-site fenced dog park.

Willow Creek Apartments is conveniently located near Embry Riddle Aeronautical University and just minutes from the best that Prescott has to offer — hiking and biking trails, Heritage Park Zoological Sanctuary, Willow Creek Reservoir and the city’s lively shopping and dining experiences.

The community’s construction was completed by general contractor Copper Tree Construction, LLC. Copper Tree is also building the luxury single family housing community, Whispering Canyon, NW of Prescott adjacent to Granite Mountain and surrounded by the Prescott National Forest.

Willow Creek is professionally managed by Shelton Residential. Interested parties can contact info@Allison-Shelton.com for information or to arrange a tour.

For more information about Willow Creek Apartments, visit WillowCreekaptsPrescott.com or call (602) 474-3555 to schedule a tour.

Willow Creek Apartments ribbon-cutting ceremony in Prescott.

by Dec 17, 2019
Nunez Self Storage Group negotiates $1.55M sale of Triple Nichol Storage in Miami, Ariz.  

Nunez Self Storage Group negotiates $1.55M sale of Triple Nichol Storage in Miami, Ariz.  

News & Updates

     PHOENIX, ARIZONA (December 16, 2019): NAI Horizon Senior Vice President Denise Nunez represented the seller in the $1.55 million sale of Triple Nichol Storage, 3586 E. U.S. Highway 60 in Miami, Arizona.

Nunez represented Georgeanna Jones of Durango, Colorado, the seller. The buyer was TAJ Apex Consulting Group, LLC of Encino, California.

Triple Nichol Storage Center is a stabilized self-storage facility first built in 1980 with additional containers added and refurbished throughout the years, most recently in 2017 and 2018. The site is 3.77 acres and serves the mining towns of Globe and Miami located four miles apart and approximately 75 minutes from Phoenix.

Triple Nichol has prominent visibility from US Highway 60 and is the largest self-storage facility serving the market with on-site management and a website presence. The facility includes 24,928 RSF with 53 outside parking spaces for a total of 289 units.

“The asset features container storage units plus three mobile homes for the manager, office and tenant,” Nunez said.” The sale represents a great upside with the opportunity to grow revenues through rent increases, the addition of container units, potential reconfiguration of units for maximum space utilization and income generation and the potential leasing of office space in the main building. At the time of sale, the physical occupancy was 97.6 percent with economic occupancy at 94.9 percent.”

 

by Dec 16, 2019
13th Annual IREM-CCIM Economic Forecast brings together Valley’s top CRE experts   

13th Annual IREM-CCIM Economic Forecast brings together Valley’s top CRE experts  

News & Updates

    PHOENIX, ARIZONA (December 10, 2019) – The 13th Annual IREM-CCIM Economic Forecast, the premier real estate outlook each year, features one of the Valley’s top economic gurus, one of the Valley’s top education leaders and panels featuring the industry’s top experts.

The event is scheduled for Friday, Jan. 17, 2020, at the Omni Scottsdale Montelucia, 4949 E. Lincoln Drive, Paradise Valley. Registration and breakfast begin at 7 a.m. The program runs from 7:45 a.m. to 12:30 p.m. Registration is $99 for IREM and CCIM members; $109 for non-members.

The recipient of this year’s Impact Award is Brian Mueller, President of Grand Canyon University. Presenting the award will be long-time Valley businessman Jerry Colangelo of JDM Partners.

Guest speakers are George D. Griffin III, CPM, CCIM, 2020 IREM Secretary/Treasurer Houston Housing Authority, AMO; and Eddie D. Blanton, CCIM, 2019 President-Elect and CCIM Institute President starting on Jan. 1, 2020. Blanton is principal and senior adviser with Tradd Commercial’s Charlotte, N.C., office. Pete Bolton of Pete Bolton Co. will serve as master of ceremonies.

This year’s keynote speaker is Elliott D. Pollack, CEO of Elliott D. Pollack and Company, an economic and real estate consulting firm in Scottsdale.

Pollack has degrees from Boston University and the University of Southern California. He has been a practicing economist for 46 years. For the past 31 years he has been president of the economic and real estate consulting firm that bears his name.

Through the years he has held many professional roles including student, teacher, author, peer reviewer, consultant, expert for media and court purposes and board member. He has taught economics and has written more than a thousand articles over the years. Pollack’s job has been to help clarify how current and future economic conditions fit into the decision process, as well as to explain how past decisions relate to the present situation.

This year’s industry panels:

>> The office panel features moderator Andrew Cheney, CCIM, Lee & Associates; Stan Shafer, Holualoa Companies; John Orsak, Lincoln Property Company; James Murphy, Willmeng; and Kate Morris, Transwestern.

>> The multifamily panel features moderator Lesley Brice, MC Companies; John Rials, Western Wealth Capital; Mark Forrester, Berkadia RE Advisors; and John Carlson, Mark-Taylor.

>> The retail panel features moderator Carol Schillne, CBRE; Ari Spiro, Orion Investment Real Estate; Josh Simon, SimonCRE; and Kalen Rickard, Western Retail Advisors.

>> The industrial panel features moderator Megan Creecy-Herman, Prologis; Rusty Kennedy, CBRE; Steve Larsen, JLL; Will Strong, Cushman & Wakefield; and Jeff Foster, Prologis.

The event is co-sponsored by the CCIM Central Arizona chapter (Certified Commercial Investment Member), commercial real estate’s global standard for professional achievement; and the Greater Phoenix Chapter of IREM (Institute of Real Estate Management), which comprises more than 280 professional commercial and residential real estate managers.

IREM registration here. CCIM registration here.

About IREM

IREM® is an international force of 20,000 individuals united to advance the profession of real estate management. Through training, professional development, and collaboration, IREM supports our members and others in the industry through every stage of their career.

We believe in our people, and we provide the tools they need to succeed. We open doors, we forge connections, and we help show the way forward. Backed by the power that comes with being an affiliate of the National Association of REALTORS®, we add value to our members, who in turn add value to their teams, their workplaces, and the properties in their commercial and residential portfolios.

Our memberships empower college students, young professionals, and industry veterans who are committed to career advancement. Earning our credentials, including the CPM®, ARM®, ACoM, and AMO®, demonstrates a commitment to, and passion for, good management. These credentials, along with our courses and array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage. Information at www.irem.org. 

About CCIM Institute

 CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision and success for an asset, taught by instructors who are themselves industry leaders.

Today, the organization, through its 50 chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin— real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies.

In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com. Central Arizona chapter centralaz@ccim.net.

 

 

 

 

by Dec 10, 2019
Sigma Contracting breaks ground at iconic Papago Plaza in Scottsdale, will construct parking garage, retail and office buildings

Sigma Contracting breaks ground at iconic Papago Plaza in Scottsdale, will construct parking garage, retail and office buildings

News & Updates

     SCOTTSDALE, ARIZONA (Dec. 5, 2010) – Sigma Contracting, Inc. today broke ground at iconic Papago Plaza in Scottsdale for up to 88,000 SF in new retail and office buildings and a 120,000 SF parking garage.

Sigma’s portion of the project is valued at $11 million to $16 million and will consist of the complete demolition of the original Papago Plaza, 1408 N. Scottsdale Road, that was constructed in the mid-1960s and renovated in the early 1980s.

The new project is being broken into three main phases: retail buildings plus a possible three-story office on one of the retail buildings and parking structure (Pivot Development and Sigma), hotel (PEG Development) and multifamily (Alliance Residential).

The three retail buildings total 21,000 SF, a grocery store will be 22,000 SF, planned office building 45,000 SF and parking garage 120,000 SF. This portion of the project totals approximately five acres of site work. Anticipated completion date is fall 2020.

“Sigma is honored and very excited to be working on this project with Lee Mashburn and Pivot Development,” said Sigma President Dan Hinkson. “We have worked together on various projects for almost 20 years. We started on this project shortly after Lee purchased this property almost seven years ago and helped bring a variety of concepts to the table over time along with potential tenants.

“We worked through numerous budgets based on various concepts for this project and are excited he has ultimately elected to negotiate the final project with us. Now the real fun starts,” Hinkson said.

The new Papago Plaza will feature an adaptive re-use design of natural elements including brick, stone and wood with a mid-century modern aesthetic. The retail development will include art murals, neighborhood gathering areas for events, a common heavily-landscaped park area with full-service Wi-Fi, fountains, benches and child-friendly water feature.

Papago Plaza was originally built in the 1960s by the Malouf family and subsequently renovated to the “pueblo” look in the early 1980s. Mashburn purchased the property from the Malouf’s six years ago and began the concept of redeveloping the property.

Original concepts looked at renovations then partial demolition with new construction followed with the current concept of a complete demolition and reconfiguring with multiple uses. The City of Scottsdale originally wanted to see high-density office buildings on the site, but there did not seem to be a market demand for this specific use on the entire site.

“Lee reached out to several potential partners and ultimately decided on Alliance for the multifamily and PEG for the hotel,” Hinkson said. “Pivot retained the retail component.”

There were numerous meetings with adjacent neighbors to gather feedback and hear their concerns relative to new construction and development. Based on the feedback and involvement, the current concept was created and is being permitted with the City of Scottsdale.

“Teamwork is vital with a project like Papago Plaza,” Mashburn said. “The whole thing is built around teamwork. We can’t do it alone. Our theory is to develop the best and most talented team including the architect, the engineer and the general contractor. We have done five or six projects with Sigma; we know what they can do.

“We are extremely proud of this project. We look at it as the gateway to South Scottsdale. With SkySong across the street, we want to create synergy at this intersection (Scottsdale and McDowell roads),” Mashburn said.

The architect of record is Nelsen Partners of Scottsdale. Notable subcontractors include Atwell Demolition (building and site demolition) and Coreslab (precast for the parking garage). Judi Butterworth, senior vice president of Orion Investment Real Estate, is handling the retail leasing for Papago Plaza.

 

ABOUT SIGMA CONTRACTING

 

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.

 

 

by Dec 05, 2019