Land transactions in three Arizona cities totaling $8.4M, 20 acres highlight NAI Horizon deals 

Land transactions in three Arizona cities totaling $8.4M, 20 acres highlight NAI Horizon deals 

News & Updates

     PHOENIX, ARIZONA (Jan. 12, 2021) – A trio of land sales in Phoenix, Gilbert and Tucson totaling 20 acres and $8.4 million highlight recent deals closed by NAI Horizon professionals.

Sale Transactions:

 Lane Neville and Logan Crum negotiated the sale of 8.605 acres of land representing the seller, Gilbert Growth Properties for $7.496 million. The property is located at 1801 N. Pecos Road, Gilbert, AZ. The buyer, Crescent Acquisitions, LLC was self-represented.

Denise Nunez and Victoria Filice negotiated the purchase of a self-storage building, representing the buyer, Vault at Old Vail Road, LLC for $3.2 million. The property is located at 7475 E. Old Vail Road, Tucson, AZ. The seller, America’s Best Self Storage, LLC was self-represented.

Troy Giammarco and Joe Pequeno negotiated the sale of a 5,458 SF office building representing the seller, 8700 Kelton Campus, LLC for $791,410. The property is located at 8765 W. Kelton Lane, Bldg. C-2, Peoria, AZ 85382. The buyer, Pisa Properties Sixteenth, was represented by Sean Gillespie with Nathan & Associates.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon negotiated the sale of a 3,407 SF office condo representing the seller, EPH 20, LLC for $775,000. The property is located at 10733 N. Frank Lloyd Wight Blvd., Scottsdale, AZ.

Denise Nunez and Victoria Filice negotiated the purchase of 10.8 acres of land representing the buyer, Vault at Houghton Road, LLC for $690,000. The property is located at SEC Golf Links Road & Houghton Road, Tucson, AZ. The seller, Tucson Electric Power Company, was represented by Brandon Rogers & Molly Mary Gilbert with PICOR Commercial.

Matt Harper, CCIM, negotiated the purchase of a 2,440 SF retail building representing the buyer, IEMAD, LLC for $670,560. The property is located at 612 W. Frontier St., Eloy, AZ. The seller, Weed Investments, Inc., was represented by Brian Bang with Bang Realty.

Christopher Lewis negotiated the purchase of a 6,316 SF office building representing the buyer, Magnum Financial II, LLC for $515,000. The property is located at 640 E. Purdue Ave., Phoenix, AZ. The seller, HS Holdings, LLC was represented by Matt McDougall with Lee & Associates.

Christopher Lewis negotiated the sale of a 7,000 SF industrial building representing the seller, Jose Garay for $450,000. The property is located at 733 W. Buchanan St., Phoenix, AZ. The buyer, Raymundo & Alma Olvera, was represented by Raymundo Olvera with Open Realty.

Laurel Lewis and Dylan Whitwer negotiated the sale of a 4,572 SF office condo representing both the seller, Troon, LLC and the buyer, William R. Gillespie for $274,320. The property is located at 10031 E. Dynamite Blvd., Scottsdale, AZ.

 Christopher Lewis negotiated the sale of 1 acre of land representing the seller, Michael Schutz Trust for $265,000. The property is located at 1701-1713 E. Madison St., Phoenix, AZ. The buyer, Picacho Peak Construction, was represented by Kristin Dong with ES Realty.

 Lease Transactions:

 Isy Sonabend and Drew Eisen represented the landlord, IOV 2600 McDowell, LLC in a 124-month industrial lease for 47,987 SF at 2600 W. McDowell, Phoenix, AZ. The tenant, Bragg Crane was represented by Chris McClurg with Lee & Associates.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, AERI Paradise Hills, LLC in a 120-month retail lease for 13,563 SF at 10654 N. 32nd St., Phoenix, AZ. The tenant, UJ Santee, LP was represented by Jennifer Hill with Diversified Partners.

Jay Olson and Rick Foss represented the tenant, Carter Architectural Panels, Inc. in a 63-month industrial lease for 15,026 SF at 7925 E. Ray Road, Mesa, AZ. The landlord, DM Landing 303 Sub, LLC was represented by Alex Wentis with CBRE Industrial Properties.

Chris Gerow, Shelby Tworek, Gabe Ortega, and Patrick Anthon represented the landlord, Raintree Retail Partners, LLC in a 120-month retail lease for 2,400 SF at 14884 N. Pima Road, Scottsdale, AZ. The tenant, L & A Nails, LLC was represented by Lucky Espiritu with DeLex Realty.

Jeff Adams represented the tenant, PPE Engineering, LLC in a 63-month industrial lease for 10,202 SF at 1130 W. Alameda Drive, Tempe, AZ. The landlord, Icon Owner Pool 1 West/Southwest, LLC was represented by Evan Koplan, Jackie Orcutt, Serena Wedlich and Jonathan Teeter with CBRE Commercial.

Matt Harper, CCIM, represented the tenant, Stepping Stone Adult Development Center, LLC in a 66-month retail lease for 11,791 SF at 12228 N. Cave Creek Road, Phoenix, AZ. The landlord, Hampton Plaza, LLC was represented by Kyle Davis with CPI.

Troy Giammarco and Joe Pequeno represented both the landlord, SUBLL-Dent Wizard Holdings and the tenant, Med Ride, LLC in a 50-month industrial sublease for 7,200 SF located at 9550 N. 90th St., Scottsdale, AZ.

Lori Kahn, MBA represented the tenant, Flavors of India in a 63-month retail lease for 1,592 SF at 857 E. Warner Road, Gilbert, AZ. The landlord, Kenyon S. Hong & Ruth Gee Hong Family Limited Partnership was represented by TJ Zaharis with Cobe Real Estate.

Joe Pequeno and Troy Giammarco represented the tenant, Diamond S. Enterprises, Inc. in a 64-month office lease for 2,252 SF at 325 N. Alma School Road, Chandler, AZ. The landlord, 325-335 N. Alma School Road, LLC was represented by Matt Kostrivas with ZDI.

Matt Harper, CCIM, represented the landlord, Emad & Sons, LLC in a 63-month retail lease for 1,074 SF at 6514 W. Bethany Home Road, Glendale, AZ. The tenant, Infinity Staffing, Inc. was represented by David Aronson with EXP Realty Commercial.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, Bailey Red Rock Plaza, LLC in a 60-month retail lease for 1,730 SF at 16425 E. Palisades Blvd., Fountain Hills, AZ. The tenant, Spielbusch Nutrition, LLC was represented by Shawn Vyas with EXP Realty, LLC.

Jennifer Loehnert represented the tenant, Thomas Sweet in a 75-month retail lease for 1,200 SF at 1916 W. Baseline Road, Mesa, AZ. The landlord, Davis Enterprises was represented by Steve Fisher with Fisher Commercial Real Estate.

Matt Harper, CCIM, represented the landlord, JEMAD, LLC in a 24-month retail lease for 2,400 SF at 4023 N. 47th Ave., Phoenix, AZ. The tenant, Plug in Tires, LLC was self-represented.

Thomas Bean, CCIM, and Laurel Lewis represented the landlord, State Bar of Arizona in a 24-month office lease for 2,077 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, Norton & Brozina, P.C. was represented by Ross Peterson with Colliers.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, The Pendola Family Trust Partnership in a 36-month retail lease for 1,200 SF at 41620 W. Maricopa – Casa Grande Highway, Maricopa, Arizona. The tenant, Pearle Robertson was self-represented.

Joe Pequeno and Troy Giammarco represented the tenant, CPC Services, Inc. in a 37-month office lease for 980 SF at 13760 N. 93rd Ave., Peoria, AZ. The landlord, TBPC Management, LLC was represented by Bill Cook with Plaza del Rio Management Corporation.

Thomas Bean, CCIM and Laurel Lewis represented the landlord, State Bar of Arizona in a 25-month office lease for 1,073 SF at 4201 N. 24th St., Phoenix, AZ. The tenant, Rise48 Equity, LLC was represented by Zach Haptonstall with Phoenix Prestige Real Estate.

Matt Harper, CCIM, represented the landlord, CEMAD, LLC in a 26-month retail lease for 1,040 SF at 4201 W. Bethany Home Road, Phoenix, AZ. The tenant, Daystar Communications was self-represented.

Matt Harper, CCIM, represented the tenant, Kade Mechanical, LLC in a 25.5-month industrial lease for 2,043 SF at 4202 E. Elwood, Phoenix, AZ. The landlord, Elwood Trust Partners, LLC was represented by Scott Wiley with Citywide Commercial.

Chris Gerow, Shelby Tworek, Gabe Ortega and Patrick Anthon represented the landlord, BKM Black Canyon 103, LLC in a 36-month retail lease for 1,081 SF at 8024 N. 24th Ave., Phoenix, AZ. The tenant, MA Market, LLC was self-represented.

Matt Harper, CCIM, represented both the landlord, Tempe Plaza, LLC and the tenant, Own the Night, LLC in a 13-month retail lease for 1,223 SF at 4325 S. 48th St., Tempe, AZ.

 

About NAI Horizon

 Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson.  NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI

Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.

 About NAI Global

 Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific,

with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide.

NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit: www.naiglobal.com.

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by Jan 12, 2021
Engineering consultant Terracon weathers challenging 2020 with unprecedented growth, continues to expand footprint in Western U.S.

Engineering consultant Terracon weathers challenging 2020 with unprecedented growth, continues to expand footprint in Western U.S.

News & Updates

 

         TEMPE, ARIZ. (Jan. 12, 2021) – Despite a year unlike any other that affected industries across every business sector in the U.S., engineering consultant Terracon weathered 2020 and enters the new year with a full head of momentum.

In Phoenix, Terracon will be part of the FNF-Pulice-Flatiron team on the I-10 and Broadway curve improvement/design-build project. Terracon will provide geotechnical engineering services for the ADOT project and will work on the design team with TY Lin International.

Terracon will also begin construction materials engineering services for multifamily project NOVEL Val Vista in and Gilbert and will begin construction services for the new Banner Rehabilitation Hospital at Gateway. In Tucson, Terracon will begin construction services for a new fueling facility at Tucson International Airport.

“It (2020) was a hard year, and not one I would want to repeat,” said Terracon Regional Manager Brent M. Borchers, P.E. “Our employee-owner team responded well to the challenges and remained focused and for the most part healthy throughout the year. Their efforts resulted in a very impressive year despite the circumstances.”

Terracon expanded its footprint in the West and Southwest in September when it acquired Environmental Planning Group (EPG). The addition of EPG enhanced Terracon’s environmental services offerings in the Rocky Mountain Division and Western U.S. The firm will continue to serve clients locally as Environmental Planning Group, A Terracon Company. EPG is an environmental planning and design firm serving a broad range of public- and private-sector clients throughout the Western U.S.

The acquisition of EPG helped Terracon grow its Arizona presence to 123 employees: 75, Terracon Tempe office; 27, EPG Phoenix office; and 21, Terracon Tucson office.

“It was a crazy year and just doing business was quite challenging,” said Chuck Reynolds, Senior Principal and Senior Client Development Manager for Terracon’s Rocky Mountain Division. “We were fortunate to continue our growth as a result of a very dedicated team in Arizona. I think that commitment to service our clients and community will help us to sustain growth into 2021.”

The pandemic did not deter Terracon from its philanthropic endeavors. The Terracon Tempe office had to postpone its annual golf tournament. However, it still donated $5,000 to Kids for Hope; $2,500 from clients plus Terracon match.

The Tucson office continued its grant program with the University of Arizona’s Mel and Enid Zuckerman College of Public Health. It donated $6,000 to support scholarships. The Tucson office presented a Southern Arizona Research, Science and Engineering Foundation grant to student Briana Li-Vidal. Li-Vidal won 2020 Emerging Leader Excellence Award from Terracon and was nominated for the Cystic Fibrosis Foundation’s “Arizona’s Finest” campaign which recognizes outstanding young professionals in the community.

“2020 was a challenging year, but our team of employee-owners responded well. This is not only in regards to their adoption of new health and safety protocols required for COVID, but also in their commitment to continuing to serve our clients with excellence and integrity,” said Terracon Tucson Office Manager Derek Koller, CIH, CHMM.

“Terracon as a whole did an excellent job in taking care of employee-owners and keeping them informed about COVID,” Koller said. “Our field technicians and front-line workers received additional bonuses and I just could not be prouder of how our firm’s leadership and my team has navigated this difficult time. The result was a great year for the Tucson office and the Arizona region. We look forward to sustaining growth in 2021 and meeting any new challenges we might face.”

Terracon’s notable projects in 2020:

  • ADEQ: Arizona Department of Environmental Quality Consulting Services (Phoenix and Tucson offices). Services: Site investigation- site characterization, groundwater modeling, risk assessment, UST removal oversight and site closure.
  • I-10 Fairway Drive TI (Phoenix office). Services: Geotechnical and pavement design, followed by post-design services during construction.
  • East Line Solar Project (Phoenix office). Services: Subconsultant for obtaining concrete and soil samples for lab testing, field density testing, and foundation observations.
  • High Prairie Wind Bridge Temporary Shoring Design (Phoenix office). Services: GeoDesign for retaining structures, geotechnical site characterization field exploration and geotechnical reporting.
  • Grant Road Improvements Phase 5 & 6 (Tucson office). Services: Geotechnical engineering analysis/consulting and design.
  • Tucson Electric Power (TEP) Cottonwood 138kV Substation. Services: Industrial hygiene lead-containing building materials.

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

Terracon ranks 22nd on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.

To learn more about Terracon visit terracon.com/offices/phoenix/

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by Jan 12, 2021
Coreslab Structures Inc. promotes two;  Rick Reichenberg to take over as General Manager

Coreslab Structures Inc. promotes two; Rick Reichenberg to take over as General Manager

News & Updates

     PHOENIX, ARIZ.  (January 6, 2021) – Coreslab Structures Inc. bolstered its leadership team with the promotion of two industry experts. Rick Reichenberg was promoted to General Manager and Phil Richardson, SE, was promoted to Sales Manager.

Reichenberg, who has been with Coreslab for 28 years, was promoted from Vice President/Sales and Marketing. Richardson, who has been with Coreslab for 19 years, was promoted from Assistant Sales Manager.

Reichenberg’s new duties will include managing staff, formulating policies, coordinating business operations, managing operational costs, ensuring good customer service and engaging with vendors.

“This promotion enables me to work on improving efficiency and increase profits as well as handling the overall operations of the Phoenix office,” said Reichenberg, who will replace current GM Ron Harman, who is retiring in March. Reichenberg will report to the President, Mario Franciosa.

A native of San Diego, California, and raised in Billings, Montana, Reichenberg has called Arizona home the past 28 years. He attended Montana State University. He is a member of the Arizona Builders Alliance (ABA) and Precast/Prestressed Concrete Institute.

Phil Richardson, SE

Richardson will be responsible for the building and managing of all sales and business development operations, including market competitiveness analysis, pricing and sales opportunities.

“We are thrilled by Phil’s promotion and his ability to drive growth and profitability by providing executive leadership for in-bound and out-bound marketing activities across multiple channels,” Reichenberg said. “We are confident he will keep Coreslab at the forefront of precast concrete building solutions.”

A native of Utah, Richardson has lived in the Valley since 2002. He received his bachelor of science degree in civil engineering from the University of Utah. He holds an SE (Structural Engineer) License in Utah and Arizona.

Richardson is a member of the ABA, Precast/Prestressed Concrete Institute, American Institute of Architects (AIA) and Structural Engineers Association of Arizona. He has served as Chairman of the Flagg Mineral Foundation.

About Coreslab Structures

 Since 1975, Coreslab Structures Inc., has been a premier producer of precast/prestressed concrete products.  Over the last four decades, it has emerged as a major supplier of structural, architectural and hollow core solutions to markets in Canada and the United States. With 17 precast/prestressed concrete facilities across North America, Coreslab is a leader in construction innovation, structural design and sustainable practices, dedicated to providing top quality products and services. Its commitment to excellence, leading technical expertise and collaborative culture allows it to deliver award-winning, innovative solutions that meet the schedule and cost requirements of its valued customers. To learn more visit www.coreslab.com.

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by Jan 05, 2021
IREM Greater Phoenix Chapter announces leadership, council members for 2021

IREM Greater Phoenix Chapter announces leadership, council members for 2021

News & Updates

     PHOENIX, ARIZONA (January 4, 2021) – The Greater Phoenix Chapter of the Institute of Real Estate Management (IREM), an international community of real estate managers dedicated to ethical business practices, has announced its leadership and council members for 2021.

Rosalinda Bridges, CPM, with NLR Management/Haan Development, will serve as President. The leadership team includes Tyrel Williams, CPM, MEB Commercial Management Group, President-Elect; Ed Valerio, CPM, Knight Management, AMO, Treasurer; and Melissa Boyle, CPM, bkm Management Company, Past President.

The 2021 council comprises Ann Boomsma, CPM, MEB Management Services, AMO; Tom Coughlin, CPM, Everest Commercial Services; Kristin Gibbons, CPM, Lillibridge Healthcare Services; Lauren Lacasse, CPM, Lincoln Property Company; Debbie Mitten, CPM, ViaWest Group; Donna Olcavage, CPM, NaPali Management Inc.; Brent Penrod, CPM, Eisenberg Company; Carrie Temple, CPM, ViaWest Group; Eduardo Ugalde, CPM, ARM, MEB Management Services, AMO; and Kelsie Whipple, CPM, ACoM, Lillibridge Healthcare Services.

“2020 has been a challenge for all of us, nationwide, across all industries,” Bridges said. “Being recognized as IREM’s Greater Phoenix Chapter President has been one of the biggest blessings of this year, and I am humbled and excited for the opportunity to serve again.

“Although there is so much uncertainty ahead, I feel confident that I am surrounded by an incredible executive team who are the best in the business and will only help us reach our goals for our members in 2021,” Bridges added.

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

IREM memberships empower college students, young professionals and industry veterans who are committed to career advancement. IREM CPM, ARM, ACoM, and AMO certifications demonstrate a commitment to good management. These certifications, along with its courses and an array of resources, all exist with one goal in mind – to make a difference in the careers of those who manage.

“This team (IREM Board) is made up of industry professionals who have and continue to make a difference,” Bridges said. “Their expertise is widespread, having impactful presence on their properties while also understanding the importance of forward-thinking to advance our industry during these unprecedented times.”

For more information about the IREM Greater Phoenix Chapter, visit iremphx.org/.

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by Jan 04, 2021
Arizona Multihousing Association  selects its 2021 board members; Reid Butler named board chair

Arizona Multihousing Association selects its 2021 board members; Reid Butler named board chair

News & Updates

    PHOENIX, ARIZONA (Dec. 28, 2020) – Arizona Multihousing Association, the statewide trade group for the apartment industry, announces the election of its 2021 board members.

Assuming the chair is Reid Butler, Owner, Butler Housing Company. Joining Butler on the leadership group are Scott Hines, vice chair, PEM Real Estate Group; Linda Coburn, treasurer, NexMetro Development; Kim Pacheco, immediate past president, Scotia Group Management; and Sue Campbell, AMC executive, Redi Carpet.

“I have set some ambitious goals for 2021, and with the support of our members and leadership, I have no doubt we will achieve them,” Butler said. “My goals are both aspirational and inspirational. AMA provides leadership for Arizona business and government. In that regard, AMA will continue to be the ‘go-to’ voice for Arizona housing issues.

“AMA has been among the top industry organizations in Arizona and will continue to be,” Butler said. “With more than 100,000 new residents moving into the state each year, our industry will continue to be an economic engine. That translates to more than one million new Arizonans this decade, and about 10,000 new apartments each year to meet the demand.”

Board members for 2021: Elizabeth Beaulieu, Quarterpenny Management; Krisanne Beckstead, Picerne Real Estate Group; Lesley Brice, MC Residential; Dahnn Brown, Camden Property Trust; Luz Bruscini, MEB Management Services; John Carlson, Mark-Taylor Residential; Crystal DeHoag, Bella Investment Group; Anna DiSabato, Dunlap & Magee; Kohl Eisenhour, Avenue 5 Residential; Natalie Evans, CoStar/Apartments.com; Kimberly Fitch, Nicolosi & Fitch, Inc.; Adam Greco, Burns Pest Elimination.

Kristin Heiple, Baron Property Services; Robert Hicks, Greystar Real Estate Partners; Stacey Hogue, Greystar Real Estate Partners; Michelle Howland, Blue Steel Security; David Kotin, Kay-Kay Realty; Sharon Kuhlman, Shelton Residential/Asset; Dustin Lacey, Mark-Taylor; Pam McCarthy, Fairfield Residential; Omar Mireles, HSL Asset Management; April Morris, Cox Communications; Gloria Munoz, Maricopa County Housing; Lisa Osborn-Warne, Priderock Capital Partners; John Rials, Western Wealth Capital; Lisa Rosenfeld, HSL Asset Management; Mark Schilling, MEB Management Services.

Stacey Searl, Weidner; Crystal Sevilla, Weidner; Christine Shipley, Dunlap & Magee; Michelle Sinclair, Evergreen Devco, Inc.; Justin Steltenpohl, P.B. Bell Companies; Greg Stobart, MG Properties; Dallin Tippets, Rainforest Plumbing & Air; Kris Tomlinson, Pinnacle/Cushman & Wakefield; David Vanek, Greystar Real Estate Partners; Luis Verger, Shelton Residential/Asset; Christopher Walker, Law Offices of Scott Clark; Wendy Weiske, Gorman & Company; Debbie Willis, P.B. Bell; Nicole Wray, Greystar Real Estate Partners; Rhonda Wooder, Stratton Restoration; Chris Worrell, GPM Landscape; and Mark Zinman, Zona Law Group.

AMA is the statewide trade association for the apartment industry, representing more 300,000 rental housing units and 2,300 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.

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by Dec 28, 2020
MEB Management Services fills key role, hires industry expert Jay Dassele as Asset Director  

MEB Management Services fills key role, hires industry expert Jay Dassele as Asset Director  

News & Updates

      PHOENIX, ARIZ. (Dec. 28, 2020) – MEB Management Services has bolstered its build-to-rent operations with the hiring of industry expert Jay Dassele as Asset Director.

Dassele will oversee part of MEB’s build-to-rent properties and operations for large multifamily properties. He will be responsible for directing and providing assistance for all aspects of the operations to ensure ownership objectives are achieved.

Dassele joins MEB Management Services after previously working at Alliance Residential.

“We couldn’t be happier than to have Jay oversee part of our build-to-rent portfolio,” said MEB Senior Vice President of Operations Ann Boomsma. “With his expertise in new development and operations for large multi-family properties, he is a great addition to our team.”

The hiring of Dassele represents the continued growth of MEB’s footprint in Arizona’s multi-family industry. In March, MEB named multi-family expert Scott Cook as an Owner and Principal. Cook joined MEB from Greystar Real Estate Partners.

Prior to joining MEB, Dassele served as a senior regional manager at Alliance Residential Company. He also previously worked at Stellar Residential and Mark-Taylor Residential.

Dassele is an active participant in the Arizona Multifamily Association (AMA), a Certified Apartment Manager (CAM) through the National Apartment Association (NAA) and holds a real estate license with the Arizona Department of Real Estate (ADRE). He possesses more than 20 years in multi-family leadership.

During his career, Dassele has overseen the lease-up and stabilization of more than 20 Class-A communities in Metro Phoenix.

 

About MEB Management Services

MEB provides management services to all types and qualities of multi-family assets. MEB has corporate offices Phoenix, Tucson and Flagstaff with staff of 600+ real estate professionals. MEB provides comprehensive coverage throughout Arizona and the Southwest and creates an environment for success that rewards each team member’s contribution toward value creation. For more information visit www.mebapts.com.

 

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by Dec 28, 2020
Nunez Self Storage Group at NAI Horizon represents buyer in negotiating investment land sale of 10.4 acres in Tucson

Nunez Self Storage Group at NAI Horizon represents buyer in negotiating investment land sale of 10.4 acres in Tucson

News & Updates

PHOENIX, ARIZ. (Dec. 21, 2020) – NAI Horizon Senior Vice President Denise Nunez and Associate Victoria Filice represented the buyer in an investment land sale in Tucson, Arizona.

The NAI Horizon Self Storage Group represented the buyer, Vault at Houghton Road LLC, in the $690,000 purchase of 10.4 acres of land at the SEC of Golf Links and Houghton roads in Tucson.

“The Tucson market is well poised for significant growth over the next few years. The Nunez Self Storage Group identified this parcel as an ideal site for a mix of self-storage and Covered RV Storage.” Nunez said. “The site is adjacent to a Walmart and QuikTrip Convenience Center with a Northwest Healthcare Hospital scheduled to open in 2021 bringing 600 new jobs to the market area.”

The buyer plans to develop the site to include a fast-food drive-through, retail space and approximately 75,000 NRSF of self-storage with 192 covered parking spaces.

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

The seller, Tucson Electric Power Company, was represented by Brandon Rogers and Molly Gilbert of PICOR Commercial in Tucson.

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more visit: www.naiglobal.com.

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by Dec 21, 2020
NAI Horizon negotiates $7.9M, long-term lease on behalf of Chicago developer; crane company will renovate building as Valley’s construction grows

NAI Horizon negotiates $7.9M, long-term lease on behalf of Chicago developer; crane company will renovate building as Valley’s construction grows

News & Updates

PHOENIX, ARIZONA (Dec. 21, 2020) – NAI Horizon represented the landlord, a Chicago-based real estate investment and development company, in negotiating a long-term lease for a regional crane company in need of additional space to keep up with the Valley’s construction growth.

NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen represented Industrial Outdoor Ventures (IOV) of Schaumburg, Illinois, in a long-term lease worth $7.9 million at 2600 W. McDowell Road in Phoenix. Bragg Crane, one of the most notable crane services in the Southwest U.S., has experienced a substantial increase in business despite the COVID-19 pandemic.

IOV is the only national real estate investor that specializes exclusively in outdoor storage facilities. IOV specifically focuses on providing real estate solutions for heavier industrial uses in major markets throughout the U.S. such as truck terminals, equipment maintenance facilities, contractor yards and bus-parking yards.

“With redevelopment and value-add deals as a primary focus, 2600 West McDowell Road fell right within IOV’s wheelhouse as it had been vacant for a long time and presented a unique renovation opportunity with an upside for both the landlord and prospective tenant,” Sonabend said.

Bragg Crane’s expansion will establish a new Arizona headquarters in the IOV-owned building that will house its administration services, 11 acres of land for outside storage and more than 40,000 SF of service, maintenance and warehouse structures.

“Bragg Crane expanding its operation and creating new jobs to keep up with the region’s construction demand is another positive sign for Greater Phoenix’s economy,” said Chris Camacho, President and CEO of the Greater Phoenix Economic Council. “We congratulate NAI Horizon on finalizing this deal, and their work to support our growing market and the needs of the industry.”

Construction projects have led to the largest concentration of tower cranes ever in Downtown Phoenix, Sonabend said. Construction industry experts predict that Arizona skylines will be much busier in 2021.

“The site is currently being modernized and renovated in preparation for Bragg’s occupancy. The site’s central location with close proximity to major Phoenix freeway systems serves as a convenient factor for both Bragg Crane and its clients. Bragg’s expansion truly reflects the continuing demand for construction around the Valley,” Eisen added.

Bragg Crane was represented by Chris McClurg of Lee & Associates.

“The growth of Bragg Crane – indicating an ever-increasing volume of construction projects – underscores Arizona’s strong economic momentum and the effectiveness of our state’s pragmatic approach to navigating the pandemic,” said Sandra Watson, President & CEO of the Arizona Commerce Authority. “We congratulate Bragg Crane on its growth, as well as the teams at NAI Horizon and Lee & Associates on this successful project.”

About Industrial Outdoor Ventures

Industrial Outdoor Ventures is a Chicago-based real estate investment and development company that specializes in providing real estate solutions for heavier industrial uses in major markets throughout the United States. The company is focused on creating value for its tenants, host communities and investors through the acquisition, and long-term ownership of mission-critical Industrial Service Facilities (ISF), which feature a significant outdoor storage component. Industrial Outdoor Ventures is owned and capitalized by the management team and a private, institutional investor. This proprietary capital source provides the company with a level of purchasing power, and agility that our tenants, lenders, and partners can trust and rely on. Our seasoned management team with, its depth of resources, brings integrity and an entrepreneurial spirit to everything we do. We bring a unique understanding of both the physical facility and challenges that go along with placing equipment or material intensive operations within major population centers. For more information visit industrialoutdoor.com/

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices located in Phoenix and Tucson. NAI Horizon is passionate about the commercial real estate business, providing Brokerage and Property Management Services for local, national and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to 375+ offices worldwide. For more information visit www.naihorizon.com.

About NAI Global

Advisory Services, Leasing, Property Management, Property & Note Sales and Tenant Representation

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 6,000 local market professionals, managing in excess of 1.15 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions.

NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more visit: www.naiglobal.com.

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by Dec 21, 2020
AZCREW announces 2021 leadership team; Colliers’ Lindsey Carlson named President

AZCREW announces 2021 leadership team; Colliers’ Lindsey Carlson named President

News & Updates

     PHOENIX, ARIZ. (Dec. 21, 2020) – AZCREW has elected the officers and directors that will lead Metro Phoenix’s premier women’s real estate organization’s in 2021.

AZCREW focuses 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 2021 officers are Lindsey Carlson, Colliers International, President; Heather Cox, CBRE, supporting MUFG Union Bank, N.A., President-Elect; Amy Ferrari, Mode Commercial Real Estate Management, Treasurer; Samantha Pinkal, City of Surprise, Secretary; and Terry Martin-Denning, CEO/Designated Broker, NAI Horizon, Immediate Past President.

“We have assembled strategic board members with innovative ideas to propel AZCREW’s vision of elevating women in commercial real estate with impactful programming, DEI efforts and the hopes of offering in-person networking opportunities,” Carlson said. “We are grateful to Terry for her leadership in 2020, a year like none other, and are looking forward to 2021.”

AZCREW’s 2021 directors are Jenny Liles, Cushman & Wakefield, Membership; Lauren Borgeson, Mark-Taylor Companies, PR Chair; Michelle Rutkowski, MOR Studio, Special Events; and Jessi Levin, HDR, Inc., Foundation Champion.

AZCREW’s strategies include maintaining and strengthening the current membership base of more than 165 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 2020 highlights:

  • Maintained membership levels and ensured the wellbeing of its members;
  • Released 2020 CREW Network Benchmark Study: Gender and Diversity in Commercial Real Estate
  • Pivoted to Zoom with local and national panels, virtual tours, its Woman Icon event (Lindsay Moellenberndt) and professional development program, Building an Extraordinary Team.
  • Virtual networking opportunities including joint events with CREW Tucson and CREW Inland Empire, sponsored spotlight coffees and book club;
  • Participated in CREW Leadership Summits: Leadership Training, Networking and Knowledge Exchange;
  • Donated more than $5,500 to its charity partner New Pathways for Youth despite not having the annual Golfiesta Golf Tournament.

“2021 was a year like no other and definitely not the year I expected as President.  Our AZCREW Board, committee leaders and members, all rose to the challenge, continuing to engage, learn and help each other. I can’t imagine leading through the challenges of 2021 without them.” Martin-Denning said. “I look forward to 2021, supporting Lindsey Carlson and the AZCREW Board members as they further the vision for AZCREW.”

 

About AZCREW:

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

 

by Dec 21, 2020
Scottsdale-based Cadence Living implements early detection wastewater testing at its Metro Phoenix senior living communities to aid in the protection of residents and staff from COVID-19     

Scottsdale-based Cadence Living implements early detection wastewater testing at its Metro Phoenix senior living communities to aid in the protection of residents and staff from COVID-19    

News & Updates

Four senior living communities will be among the first to implement daily testing of sewage for early COVID and infectious pathogen detection, aiding in proactive containment and minimizing spread     

       SCOTTSDALE, ARIZ. (Dec. 16, 2020) – Cadence Living, a Scottsdale-based senior housing owner, developer and operator, is partnering with Pangolin Health, a California-based company implementing innovative pandemic management and containment strategies through the capture of the biological information content of wastewater, to test its Phoenix community populations.

The unobtrusive daily testing will identify the presence of infectious pathogens, including COVID-19, allowing for early detection and proactive containment to best protect the health and safety of its residents and staff. The wastewater testing technology is being installed at Cadence Living’s four Valley communities as beta test sites this week. If successful, Cadence Living plans to bring this technology to each of its 31 communities across the country.

The wastewater-testing technology, which will test the sewage outflow of the Cadence Living communities, will work by collecting samples every six minutes. The RNA from the virus that causes COVID-19 is identified in the samples, providing key information about viral spread and viral composition to Cadence’s clinical partner Genetworx, for individual testing and early determination of the presence of COVID-19 or other infectious pathogens.

Such detection will occur well-before symptoms would present in an individual at a community. In the event of a positive detection, the Cadence Living community or building where the pathogen is detected would implement its safety protocol, including the isolation of individuals living and working there as well as the testing and monitoring each person. The data obtained through the hyper-local mass testing of wastewater allows for Cadence Living to proactively contain an outbreak before it spreads while also measuring its prevention strategies.

Cadence Living communities in the Valley include Inspira Arrowhead, Acoya Mesa, Andara in Scottsdale, and Cadence Chandler.

“Installing Pangolin’s new wastewater testing technology at our communities allows us to be continuously vigilant protecting our residents and team members from COVID-19 and other infectious diseases by unobtrusively testing each community in real-time every day,” said Rob Leinbach, principal of Cadence Living. “Knowledge is power. Thanks to this new technology, we will have an early warning of potential looming infections and be better positioned to take appropriate action.  The exciting part of this technology is that it can also test for norovirus and other infectious diseases that are not being addressed by the COVID-19 vaccine.

“The combination of our hard-working team members, vaccines, wastewater testing technology and individualized testing is a potent counter to pandemics. At Cadence, we are doing everything we can to take the guesswork out of the equation and be the industry leader in protecting our residents,” Leinbach said.

The process of installing the wastewater technology began earlier this month with the inspection of the sewer systems at Cadence Living’s four Metro Phoenix communities by the Pangolin team to determine its placement and ensure the capture of flow is only from the community or a building where that type of isolation is possible. Once the system is installed, a baseline will be established through capture, testing, and recording of the data to allow for reporting of the existence of COVID-19 or other infectious diseases.

“Wastewater-based epidemiology is a powerful director of clinical testing and provides vital information for proactively preventing community spread.  It allows our clients to know of a potential outbreak before any other demonstrated testing approach.,” said Edward Renwick, CEO of Pangolin. “Our technology is similar to that being used at university dorms in Arizona and California and is proving to be the most effective tool for the proactive prevention of infectious disease spread within a segmented community. This allows our clients to direct a proactive rather than reactive prevention strategy. It is a game-changer for senior living communities that employ the technology and others who prioritize the health and safety of their residents.”

Sample testing will occur daily by Genetworx. The lab uses next-gen sequencing and rt-pcr testing. In addition to providing readings for COVID-19 and other novel viruses through testing of the RNA and DNA panels, Genetworx will also be able to detect the existence of parasites, UTIs and potentially cancer diagnostics.

About Cadence Living

Cadence Living is an owner, operator and developer of senior living communities across the United States. Cadence Living’s progressive team of professionals are devoted to providing high-quality living environments focused on health, wellness and living styles that respect individual preferences while providing supportive services to help people live their best life. The name “Cadence” underlines the company’s personal philosophy that each community should aspire, create and respond to life’s natural rhythms to enliven and enrich the experience of residents. For more information, visit www.cadencesl.com.

About Pangolin

 Pangolin LLC (“Pangolin”) is a privately-held California company implementing innovative pandemic management and containment strategies via the information content of wastewater (also known as sewage).  A substantial amount of biological information can be extracted from sewer systems, including the explicit presence or absence of SARS-CoV-2 (the causative agent of COVID-19).  Pangolin integrates best-of-class sampling, assay and interpretation technologies to provide its clients with actionable information from wastewater-based pathogen detection, allowing clients to protect workers and other vulnerable populations, avoid unnecessary economic disruption, and monitor and improve the effectiveness of public health interventions.

 About Genetworx Laboratory:

 GENETWORx is a fully integrated CAP accredited and Clinical Laboratory Improvement Amendment (CLIA) certified high complexity molecular diagnostic laboratory and health management service company that specializes in bringing the benefits of genetic testing to the patient, via a network of expert health providers. In addition to COVID-19 testing, the company also provides pharmacogenomic DNA genotyping. For additional information, please visit Genetworx.com.

 

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by Dec 16, 2020