LevRose Commercial Real Estate 2Q 2022 activity totals $87.5M, 780,000 SF led by retail, office

LevRose Commercial Real Estate 2Q 2022 activity totals $87.5M, 780,000 SF led by retail, office

News & Updates

by | Jul 20, 2022 | News & Updates

SCOTTSDALE, Ariz. (July 20, 2022) – LevRose CRE/TCN Worldwide brokers facilitated deals in 2Q 2022 totaling $87.5 million and ±780, 833 SF. Retail and office assets dominated the transactions. Highlights from 2Q 2022:

Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the tenant, Neon Logistics LLC., in the leasing of a 29,015 SF office building at 6900 E. Camelback Road, Scottsdale. Neon Logistics will occupy the seventh and 11th floors. The landlord is WCCP 6900 Camelback LLC.

Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the seller, Bradley Investments LLC., in the $6 million sale of a 16,600 SF office building at 13847 N. Northsight Blvd., Scottsdale. The buyer was Salt Castle Trust.

Partners Danielle Davis and Trent McCullough; Vice President Mark Cassell; and Advisors Branden Mondragon and Matt Beeks represented the seller, Scottsdale Drinkwater Trust, in the $5.3 million sale of a 6,582 SF retail building at 4250 N. Drinkwater Blvd., Scottsdale. The buyer was Drinkwater Commercial Investments LLC.

Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented the landlord, Hudye Group, in the $4.9 million sale of an 11,160 SF retail building at 4333 N. Scottsdale Road, Scottsdale. The buyer was Galleria Triangle LLC.

Partners Danielle Davis and Trent McCullough and Advisor Branden Mondragon represented both the seller, Fassco Investments LLC, and the buyer, Chestnut Realty Group LLC., in the $4.5 million sale of a 17,500 SF retail building at 6961 E. 1st St., Scottsdale.

13847 N. Northsight Blvd.

About LevRose

 LevRose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, LevRose has been helping clients with every aspect of leasing, buying, selling, and managing commercial properties. With some of the top professionals in the industry, LevRose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties. Learn more at levrose.com.

###

 

 

 

by Jul 20, 2022
NAI Horizon represents buyer in acquisition of former girls’ school in North Central infill location

NAI Horizon represents buyer in acquisition of former girls’ school in North Central infill location

News & Updates

by | Jul 20, 2022 | News & Updates

PHOENIX, ARIZONA (July 20, 2022) – NAI Horizon represented the buyer in the acquisition of an original adobe building in a rare infill location in North Central Phoenix that will be repurposed into a training center and outdoor space.

NAI Horizon Managing Director Laurel Lewis represented Always This Good Holdings, Inc., in the $735,000 purchase of the 3,757 SF building at 715 E. Sierra Vista Drive, in Phoenix.

Always This Good Holdings purchased and closed on the property on June 30. The oldest aerial photograph shows the original adobe block structure nestled among the orange orchards in the North Central Phoenix corridor.

The building, a former Jewish girls’ school, had recently undergone some additions. After the planned renovations, the property will include more than 4,000 SF of modern offices, a training center, a full kitchen, and outdoor event space. It will also offer a private suite available for lease.

“North Central Phoenix with its ideal location and mix of architecture and style is the happening place to be,” Lewis said. “The original adobe block structure will be incorporated into the repurposed building, lending to a stunning transformation.”

This fall the new space will be home to Catalyst Retreat Center for women entrepreneurs and Desert Dimensions Properties, a residential real estate brokerage firm.

The seller, Shearim Torah High School, Inc., was represented by Danny Kahn with E&G Real Estate.

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 more than 300 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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

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

To learn more visit www.naiglobal.com.

###

by Jul 20, 2022
25-acre industrial development site in Yavapai County town of Camp Verde sells for $2.3M

25-acre industrial development site in Yavapai County town of Camp Verde sells for $2.3M

News & Updates

by | Jul 15, 2022 | News & Updates

The property is part of a portfolio of assets in the towns of Camp Verde and Clarkdale, Arizona; Land Advisors Organization’s Prescott office facilitates deal.

Scottsdale, Ariz. (July 15, 2022) – Land Advisors Organization’s Prescott, Arizona, office represented the seller in the $2.3 million disposition of 25 acres in Camp Verde, Arizona. The buyer plans to construct a manufacturing plant for trusses and wall systems in the Yavapai County municipality.

Capri Barney, who focuses on the rapidly developing Yavapai, Coconino, Mohave, Gila, and Navajo county markets, represented Verde Valley Professional Center Partners LLC (Kelly Sands Principal). The property, located at 3425 W. State Route 260 in Camp Verde, fetched the sale price of $92,356 per acre.

The site is part of a portfolio of assets located in the towns of Camp Verde and Clarkdale and owned by Verde Valley Holding Co. There are additional land offerings in the area’s Opportunity Zone, including land for residential development.

“The Town of Camp Verde was supportive of the buyer’s intended use which also conformed to the existing zoning.  As a result, the buyer was able to complete its due diligence quickly and the transaction closed escrow ahead of schedule,” Barney said.

The buyer, Purple Acorn LLC, was represented by Terry Brock at Russ Lyon Sotheby’s International.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.# # #

by Jul 15, 2022
Arizona Multihousing Association honored with 2022 NAA Excellence Award as Affiliate of Year

Arizona Multihousing Association honored with 2022 NAA Excellence Award as Affiliate of Year

News & Updates

by | Jul 14, 2022 | News & Updates

 

      PHOENIX, ARIZ. (July 14, 2022) – The National Apartment Association (NAA) has named the Arizona Multihousing Association (AMA) as a 2022 NAA Excellence Awards winner, it was announced today.

AMA won the 2022 NAA Excellence Award in the Affiliate of the Year (State/Metro-32) category. NAA’s annual Excellence Awards program recognizes outstanding performance and leadership across the rental housing industry – celebrating builders, industry professionals and affiliated apartment associations that make unique contributions to the industry.

Courtney LeVinus

“NAA extends congratulations to Arizona Multihousing Association for being selected as a winner of this year’s NAA Excellence Awards,” said Bob Pinnegar, NAA President and CEO. “Throughout the past year, Arizona Multihousing Association went above and beyond to create a lasting and meaningful impact on our industry. Your award emphasizes our sincere appreciation for all that you do.”

Founded more than 50 years ago, AMA is the statewide trade association for the apartment industry, representing more than 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.

“This honor is a reflection of the resiliency and exemplary collaboration that have come together to define our incredible organization this past year,” said AMA President and CEO Courtney LeVinus. “Our members are the backbone of the apartment industry in Arizona. I’m proud to acknowledge that every one of them shares in this honor.”

###

About NAA

The National Apartment Association (NAA) serves as the leading voice and preeminent resource through advocacy, education, and collaboration on behalf of the rental housing industry. As a federation of 141 state, local and global affiliates, NAA encompasses over 92,000 members representing more than 11 million apartment homes globally. NAA believes that rental housing is a valuable partner in every community that emphasizes integrity, accountability, collaboration, community responsibility, inclusivity and innovation. To learn more, visit www.naahq.org. NAA thanks its strategic partners Lowe’s Pro Supply, Yardi and The Home Depot.

 

 

 

by Jul 14, 2022
Greater Phoenix Chapter of IFMA, the industry group for facility management professionals, announces the election of 2023 officers

Greater Phoenix Chapter of IFMA, the industry group for facility management professionals, announces the election of 2023 officers

News & Updates

by | Jul 13, 2022 | News & Updates

TEMPE, ARIZ. (July 13, 2022) ‒ The Greater Phoenix Chapter of IFMA, the world’s largest and most widely recognized international association for facility management professionals, recently elected its officers for 2023.

Marshall MacFarlane, Town of Gilbert, was elected to this second term as Chapter President. Presidents can serve two consecutive one-year terms.

MJ Nagarajan Gomathi, FMP, CFM, LEED Green Associate, Terracon, was elected to her first term as Vice President of Professional Development; John Abbey, TIP Maintenance Building Services, was elected to his second term as VP of Communication; Amy Nugent, Town of Gilbert, was elected to her first term as VP of Community; Kathy Keating-Losinske, Lungaretti Flooring Solutions, was elected to her first term as VP of Special Events; and Jacob Kashiwagi, KSM, Inc., was elected to his second term as Secretary/Treasurer. Vice presidents can serve two consecutive two-year terms.

“I’m proud to serve a second term as president of such an amazing chapter,” MacFarlane said. “Even after navigating COVID-19 and a crazy, volatile economy we still are one of the most successful chapters in North America. This is a direct result of the efforts of our members, committees, and board members. There’s still work to be done, though, and I’m excited about the year ahead.”

A hallmark of the IFMA Greater Phoenix Chapter is the education programs it offers its members. This includes the knowledge-based Facility Management Professional (FMP) credential that helps members accelerate their transition into the profession and the Sustainable Facility Professional (SFP) credential that helps facility managers make data-driven decisions and understand sustainable best practices.

“Our Education Committee recognizes that as facilities professionals it is critical that we continually sharpen our skills through professional development. With this in mind, we will continue to provide programs and training opportunities to help you enhance member skills and awareness in preparation for the challenges their jobs provide today and, in the future,” MacFarlane said.

IFMA Greater Phoenix also boasts a robust student chapter. It offers internships and scholarships to future facility management professionals. The Greater Phoenix Student Chapter won the 2017 Award of Excellence as Student Chapter of the Year.

Community outreach efforts include an annual charity golf tournament and working with Valley non-profits such as “Feed Our Friends.”

###

 About IFMA

 Founded in 1980, IFMA is the world’s largest and most widely recognized international association for facility management professionals, supporting more than 24,000 members in 105 countries. The association’s members, represented in 134 chapters and 17 councils worldwide, manage more than 37 billion square feet of property and annually purchase more than $100 billion in products and services. IFMA certifies facility managers, conducts research, provides educational programs, and produces World Workplace, the world’s largest facility management conference and exposition.

The Greater Phoenix Chapter of IFMA, formed in 1985, is one of the top association chapters in the world and the winner of IFMA’s Large Chapter of the Year in 2012. It is dedicated to the continuous improvement of the facility management profession by providing relevant educational and networking opportunities for its membership while supporting the community as a whole. For more information about the Phoenix chapter ifmaphoenix.org.

 

by Jul 13, 2022
LevRose CRE brokers facilitate deals in June fetching $24.3 million for more than 381,000 SF

LevRose CRE brokers facilitate deals in June fetching $24.3 million for more than 381,000 SF

News & Updates

by | Jul 12, 2022 | News & Updates

     SCOTTSDALE, ARIZONA (July 12, 2022) – LevRose CRE/TCN Worldwide brokers closed deals in June totaling $24.298 million and 381,788 SF. Four of the largest deals included sales of two offices, a parcel of land, and a distribution condo totaling $11.4 million. Top deals also included a lease for an office-retail property.

The top transactions for June:

Partners Danielle Davis and Trent McCullough, CCIM, and Advisor Branden Mondragon represented the seller and buyer in the $4.5 million sale of a 17,000 SF office at 6961 E. 1st St., in Scottsdale. The seller was Fassco Investments, LLC; the buyer was Chestnut Realty Group, LLC.

Vice President Anna Sepic and Junior Advisor Gunnar Sinnett represented the buyer, Cielo Vista Medical, LLC, in the $2.898 million purchase of 6.65 acres (289,674 SF) at the SEC of Lake Pleasant Parkway and Jomax Road in Peoria. The seller was JKW Partners, LLC.

Partners Jason Reddington, CCIM, and Keri Davies represented the seller, CGS Commercio Properties, LLC, in the $2.675 million disposition of a 9,550 SF office building at 8712 E. Via de Commercio in Scottsdale. The buyer was JPRG Holdings, LLC.

Partners Zak Kottler and Joe Cosgrove and Advisor Hunter Chasse represented the buyer, JCG 16650 Property, LLC, in the $1.375 million purchase of a 4,968 SF distribution condo at 16650 N. 91st St., in Scottsdale. The seller was OSN Warehouse, LLC.

Partners Zak Kottler, Joe Cosgrove, Danielle Davis and Trent McCullough, CCIM; and Advisors Hunter Chasse and Branden Mondragon represented the landlord and tenant in the 8,158 SF lease of an office/retail property at 7232 E. 1st St., in Scottsdale. The landlord is FSC RE I, LLC; the tenant is Scottsdale Axe, LLC.

 About LevRose

 LevRose Commercial Real Estate is a market leader in commercial real estate services in the Greater Phoenix metro area. Since 1992, LevRose has been helping clients with every aspect of leasing, buying, selling, and managing commercial properties. With some of the top professionals in the industry, LevRose takes a higher level of accountability for each client. Commercial Property management is handled through affiliate firm MODE Real Estate Management Services. MODE has a unique, professional approach to the management of office, retail and medical properties. Learn more at levrose.com.

###

 

 

 

by Jul 12, 2022
Trio of office buildings sells for $6.5M among recent deals closed by NAI Horizon professionals

Trio of office buildings sells for $6.5M among recent deals closed by NAI Horizon professionals

News & Updates

by | Jul 11, 2022 | News & Updates

PHOENIX, ARIZONA (July 11, 2022) – The sales of three office buildings in the Valley highlight recent transactions closed by NAI Horizon professionals. Two office buildings in Phoenix and one in Mesa fetched $6.5 million.

Sale Transactions:

Mark Wilcke and Larson Wilcke negotiated the sale of a 6,768 SF office building, representing the buyer, M & H Investments, LLC, for $2.475 million. The property is located at 2530 E. Southern Ave., Mesa, AZ. The seller, 2530 Southern, LLC, was represented by Wally Hale & Drew Sampson with Avison Young.

Sharon Reeves negotiated the sale of an 11,727 SF office building, representing the buyer, Integro Bank for $2.3 million. The property is located at 16215 N. 28th Ave., Phoenix, AZ. The seller, Copper State Credit Union, was represented by Paul Holland and John Barnes with Colliers International.

Laurel Lewis negotiated the sale of a 10,944 SF office building representing the buyer, Blessed 777, LLC, for $1.75 million. The property is located at 8828 N. Central Ave., Phoenix, AZ. The seller, SF PHX Ventures, LLC, was represented by Craig Trbovich & Niki Saunders with Commercial Properties, Inc.

Lease Transactions:

Dylan Whitwer and Laurel Lewis represented the tenant, Jellison & Robbins, PLLC, in a 65-month office lease for 2,016 SF at 18835 N. Thompson Peak Parkway, Scottsdale, AZ. The landlord, Canyon Village HUI, LLC, was represented by Mike Stritmatter with Cushman Wakefield.

Lori Kahn and Jennifer Loehnert represented the tenant, The Diaspora Collective, LLC, in a 60-month retail lease for 1,600 SF at 628 E. Adams St., Phoenix, AZ. The landlord was self-represented.

 Chris Gerow, Shelby Tworek and Gabe Ortega represented the tenant, Shadetree Golf, in a 60-month retail lease for 3,315 SF at 7641 E. Guadalupe Road, Mesa, AZ.  The landlord, AEI Sossaman, LLC, was represented by Mike McWilliams of DeRito Partners.

Kevin Higgins represented the landlord, Bogle Family Realty, in a 61-month lease for 2,175 SF at 7227 N 16th St., Phoenix, AZ. The tenant, O’Geez! Brands, was self-represented.

Michael Myrick, Don Morrow and Dylan Whitwer represented both the landlord, 600 E. Baseline, LLC, and the tenant, AZ Personal Injury Centers, LLC, in a 60-month medical lease for 1,557 SF at 600 E. Baseline Road, Tempe, AZ.

Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC, in a 38-month office lease for 2,300 SF at 1990 W. Camelback Road. The tenant, AMP Payment Systems, was represented by Jeff Jennings with Prostar Realty.

Matt Harper CCIM, represented the landlord, GGR Holdings, Inc., in a 63-month retail lease for 1,223 SF at 4024 E. Guadalupe Road, Gilbert, AZ. The tenant, Breath & Body Wellness, LLC, was self-represented.

Matt Harper CCIM, represented the landlord, LASA Realty, LLC, in a 61-month retail lease for 1,200 SF at 7448 W. Glendale Ave., Glendale, AZ. The tenant, Rock Gate Capital, LLC, was self-represented.

Thomas Bean CCIM, and Matt Harper CCIM, represented the landlord, El Divine Oasis, LLC, in a 36-month office lease for 1,621 SF at 2715 W. Northern Ave., Phoenix, AZ. The tenant, Artemis of Arizona, LLC, was self-represented.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, CP6GT, LLC, in a 36-month retail lease for 1,200 SF at 5870 W. Thunderbird Road, Glendale, AZ.  The tenant, Civitas Law Group, PLLC, was self-represented.

Don Morrow and Dylan Whitwer represented the landlord, Southwest Commercial Property, LLC, in a 24-month office lease for 933 SF at 1990 W. Camelback Road, Phoenix, AZ. The tenant, United Energy Workers Healthcare, was represented by Rick Kehm with Arizona Investment Management.

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 more than 300 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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

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

To learn more visit www.naiglobal.com.

 ###

 

by Jul 11, 2022
Terracon Foundation awards $4,900 community grant to Southern Arizona Research, Science & Engineering Foundation (SARSEF)

Terracon Foundation awards $4,900 community grant to Southern Arizona Research, Science & Engineering Foundation (SARSEF)

News & Updates

by | Jul 11, 2022 | News & Updates

TUCSON, Ariz. (July 11, 2022) – The Terracon Foundation is pleased to announce it has awarded a $4,900 community grant to the Southern Arizona Research, Science and Engineering Foundation (SARSEF). The funds will be used to support SARSEF’s Creating an Equitable AZ STEM Pipeline.

Since 2018, SARSEF has won three grants from the Terracon Foundation totaling $12,400.

“I am proud to be a Terracon Employee Owner and thankful that they give us opportunities to advocate and support organizations in the communities where we work and live,” said Derek D. Koller, CIH, CHMM, office manager in Terracon’s Tucson office, who championed the grants.

To date, the Terracon Foundation has granted more than $3.5 million to community organizations, universities, dependents of employees, and for disaster relief efforts. For more information about the Terracon Foundation and other organizations it has supported, visit terracon.com/foundation.

# # #

About Terracon

Terracon is an employee-owned multidiscipline consulting firm comprised of more than 5,000 curious minds focused on solving engineering and technical challenges from more than 175 locations nationwide. Our talented employee-owners provide on-time and real-time data driven insights to create an unmatched client experience that spans the lifecycle of any project, any size, anywhere. ​Terracon consistently ranks as a top 25 design firm by Engineering News-Record. Start to explore with us by visiting terracon.com.

by Jul 11, 2022
NAIOP Arizona announces positions on 4 ballot propositions for Nov. 8 general election

NAIOP Arizona announces positions on 4 ballot propositions for Nov. 8 general election

News & Updates

by | Jul 8, 2022 | News & Updates

PHOENIX, ARIZ. (July 8, 2022) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, has announced its positions on four ballot propositions appearing on the November 8 Arizona general election ballot. These ballot propositions deal with the topic of initiative reform, which has been a public policy priority for NAIOP for the past several years.

 NAIOP Arizona is supporting

Prop 128: Allows the Legislature to correct illegal or unconstitutional language in ballot propositions.

Groups putting initiatives onto the ballot sometimes make drafting errors or otherwise include language that is later found by the courts to be unconstitutional or illegal. When this occurs, the court is faced with the difficult determination of whether to strike down the entire proposition.

“With Prop 128, the Legislature could make limited corrections to the proposition that either remove the illegal or unconstitutional language or redraft it in a way that is lawful,” said NAIOP Arizona President and CEO Suzanne Kinney.  “This is a simple solution that protects the will of the voters and improves the initiative process.”

Prop 129: Furthers the intent of the initiative process by ensuring that each ballot proposition addresses only one issue.

If an initiative addresses multiple issues, it would need to be separated into two or more separate measures. It also aligns the initiative process with the long-standing legislative process which requires bills to address a single subject.

“Over the years, voters have repeatedly been faced with false choices. They’ve had to make a choice to support or oppose an initiative in its entirety even when they may favor some parts but have serious concerns with others. It is only right that Arizonans be able to vote for or against important policy issues one at a time,” Kinney said.

Prop 132: Protects taxpayers.

Under current law, a ballot proposition requires only a simple majority to raise taxes or create a new tax. Prop 132 would require that ballot propositions which create or raise taxes be passed by at least 60 percent of voters.

“Several tax-raising propositions in recent elections have barely met the simple majority threshold, at times singling out certain groups of taxpayers for higher taxation than others,” Kinney said. “The state senators and representatives who we elect to represent us do not even hold this much power. In fact, for the Legislature to increase taxes, both the House of Representatives and the State Senate must approve the tax by a two-thirds vote; that’s about 67 percent of all legislators,”

 NAIOP Arizona is opposing

“Arizonans for Free & Fair Elections Act”: This lengthy and misnamed initiative, funded by out-of-state special interests, would open up Arizona’s election process to potential manipulation.

This Act would allow ballot harvesting, allowing one person to turn in another person’s early ballot.

“Any U.S. citizen who has lived in Arizona for a single day could be counted as a resident of our state and allowed to vote in our elections. It would further allow someone to vote on the same day they register, increasing the potential for ineligible people to vote,” Kinney said.

“This Act would limit legal reviews of initiative petitions, making it more likely that fraudulent or misleading measures could make it onto the ballot. It would also make it easier for paid petition circulators to avoid complying with the law on how, where, and when signatures must be collected. This would make it more likely that petitions with forged signatures, multiple signatures from the same person, or other problems would be accepted,” Kinney said.

This initiative would increase government funding to candidates. As the cost of financing a campaign goes up, individual donors would be allowed to contribute less, pushing more candidates into a government-financed election scheme.

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises around 20,000 members in North America, including nearly 1,000 at the Arizona Chapter. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org or naiopaz.org.

 

by Jul 08, 2022
NAI Horizon facilitates sale of 211.5 acres in Casa Grande that comes to fruition after 14 years  

NAI Horizon facilitates sale of 211.5 acres in Casa Grande that comes to fruition after 14 years  

News & Updates

by | Jun 29, 2022 | News & Updates

     PHOENIX, ARIZONA (June 29, 2022) – NAI Horizon facilitated the $2.53 million sale of a swath of land in Casa Grande, Arizona, that had been listed with NAI Horizon 14 years ago as the proposed Morado Hills Industrial Park.

The property sits +/-1.5 miles directly north of and across Interstate 8 from the 2,360-acre Attesa Motorsports Racetrack that is currently under construction.

Senior Vice President John Filli – an industrial, land, and investments sales specialist with NAI Horizon – represented the seller, Talon Mountain, LLC, a Nevada limited liability company, in the disposition of 211.5 acres (9.2 million SF) at the SEC of the intersection of Montgomery Road and Selma Highway in Casa Grande.

“In looking back over the more than 14 years that I have had the listing assignment for the sale or lease of the property, I have to admit that there were a few times when I thought about relinquishing the listing. As it turns out, I never did. Now here we are today with this disposition of 211 acres.”

At the beginning of the 14-year listing period, Filli opened escrow with the Arizona State Prison System. However, escrow was soon canceled due to resistance to the proposed use received from the Town of Casa Grande Public School System.

On June 15, 2011, Filli completed a 40-year ground lease between the owner of Morado Hills and One Energy Renewables of Seattle. The lease remained in place for 1½ years when it was canceled for reasons related to the economy.

Lisa Hauger with Sun Commercial Real Estate Inc. provided the listing referral to Filli. Kavitha Pindi with DHS Realty Texas was the procuring agent. The buyer was Magnum Estates LLC, a Texas limited liability company.

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 more than 300 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 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with 5,100 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 and a gross revenue of $1.5 billion.

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

To learn more visit www.naiglobal.com.

 ###

by Jun 29, 2022