Diamond West Development Company wins 2022 REIAC/Rockefeller Group Challenge with San Lucy Plaza, an entertainment-inspired project in Peoria

Diamond West Development Company wins 2022 REIAC/Rockefeller Group Challenge with San Lucy Plaza, an entertainment-inspired project in Peoria

News & Updates

by | May 9, 2022 | News & Updates

Three teams compete in the finals of the 9th Annual Arizona State University MRED event

      PHOENIX, Ariz. (May 9, 2022) – A mixed-used development. An entertainment-anchored district. A multifamily master-planned community.

When the dust settled at the 9th annual REIAC/Rockefeller Group Challenge at Arizona Country Club, it was the San Lucy Plaza project of Diamond West Development Company (DevCo) that took home the cash prize of $3,000 among the three teams of graduating Masters of Real Estate Development (MRED) students from Arizona State University’s W. P. Carey School of Business.

This year the subject property was 25 vacant acres at the SWC of 91st and Northern avenues in Peoria, Arizona. It’s a portion of the land held in trust for the San Lucy District of the Tohono O’odham Nation.

Student teams responded to a fictitious request for development proposals in a competition to be the master developer by presenting proposals to the District. The District has earmarked the property for commercial development that would financially benefit its community members. Six teams presented to the District and three were selected by REIAC and faculty to compete in the Challenge.

The winning team of Joseph Reyes, Lauren Madu, and Jeremy Real said the goal was to “think bold; to think big. To leave a lasting legacy.”

San Lucy Plaza comprises office, retail, hospitality, and 325-unit multifamily community. The design was inspired by the natural environment; the main street is in the shape of a canyon with family entertainment, indoor and outdoor rock-climbing gyms.

“That (the canyon) is the heart and soul of the development,” Real said. “We even plan for a zip line through the heart of the plaza.”

The development has three goals, the team said: to be culturally relevant; to be family-focused and to provide significant financial benefits for the District.

“Although there is one winner in the Challenge, all student teams do excellent work. Each year we have great people involved, and even greater development projects to judge,” said Mark Stapp, director of the MRED program. “It’s the faculty that delivers the content that’s so important to people in the industry. That was especially true for this particular assignment. The mentors and students alike were phenomenal. This is as rich and as real as we can make it.”

The other finalists and their projects:

>> Alphabet DevCo: Andrea Alley, Alex Bluth, and Colin Ceithaml presented San Lucy North, a mixed-use development consisting of 50,000 SF of retail, 195,000 SF of office, and a 224-unit Class A multifamily community.

>> Sonoran Development: Matt Brock, Juan Montoya, Kimberly Rollins, and Joe Siehlmann presented The District at Northern, a $52 million master-planned community. It includes a restaurant, hotel, and 448-unit multifamily project.

Each team was allotted 10 minutes to present a development solution followed by questions from the audience. Audience members chose the winning team immediately after the presentations.

“Two things get better every year,” Stapp said. “One is the support that comes from the REIAC membership and Rockefeller Group because that’s how this becomes real in terms of the student experience and not just in theory. The student experience continues to improve as we develop an alumni base who give back. As the program develops a reputation, we get better students every year.”

In addition to sponsoring the annual Challenge, REIAC Southwest awards two $2,500 scholarships to MRED students that have a financial need and want to pursue real estate careers in Arizona after they graduate.

“As we look forward to next year, the 10th anniversary of the challenge, I continue to be impressed by the scope and execution of the presentations,” said Mark Singerman, Rockefeller Group Vice President/Regional Director and past REIAC Southwest President. “Rockefeller Group is extremely proud to have its name associated with this great program.” ​

About REIAC

 The Real Estate Investment Advisory Council (REIAC) was established as a nonprofit trade association to provide a forum for the exchange of ideas, concerns and experiences among senior executives who conduct real estate transactions. The invitation-only group limits its membership to senior-level executives at companies, who act as principals, and whose function is to develop, acquire, manage and/or finance real estate. Institutional quality programs and peer-to-peer relationship-building opportunities have established REAIC’s reputation throughout the national real estate investment community as one of its premier associations. www.reiac.org

 About MRED

In nine months, the W. P. Carey Master of Real Estate Development (MRED) prepares students to lead real development projects that are environmentally respectful, socially responsible, and artfully designed. The MRED program is transdisciplinary, aligning principled instruction with dynamic real-world application. MRED is a unique partnership between four highly regarded schools within Arizona State University:

  • The W. P. Carey School of Business
  • The Sandra Day O’Connor College of Law
  • The Herberger Institute for Design and the Arts
  • The Del E. Webb School of Construction https://programs.wpcarey.asu.edu/masters-programs/real-estate-development

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by May 09, 2022
Peoria-based healthcare commercial real estate firm Wakeman Integrity celebrates 5 years of creating a nurturing environment for its clients

Peoria-based healthcare commercial real estate firm Wakeman Integrity celebrates 5 years of creating a nurturing environment for its clients

News & Updates

by | May 9, 2022 | News & Updates

     PEORIA, ARIZ.  (May 10, 2022) – As the founder and president of a woman-owned commercial brokerage firm specializing in healthcare real estate, Melynn Wakeman says the past 5 years building her company have been some of the best days and some of the most trying days of her life.

“Founding a company from the ground up is hard work, as is being a commercial real estate broker. In the end, you either give up or knock it out of the park, which is what we are planning on doing, one small step at a time,” said Wakeman, whose brokerage firm, Wakeman Integrity, celebrates its fifth anniversary this year.

Melynn Wakeman

Founded in 2017, Wakeman Integrity bucked the trend of downsizing during the COVID-19 pandemic. Instead, Wakeman grew her company in 2020 with the addition of two brokers and a team of marketing, website, legal, and accounting consultants.

Currently, Wakeman Integrity has added a project manager and IT programmer for the workflow automation along with recruiting a business developer.

“The purpose for founding Integrity was out of the desire to do commercial real estate in a new modern way,” Wakeman said. “Through workflow processes, simplifying the day by adding technologies, virtual assistances and offering a nurturing environment for not only our customers but for those we stand side by side in a deal and do so with class and Integrity.

“Our business tag line ‘Where a handshake still means something,’ represents the ethics of having your word mean everything, and standing by that word, no matter what.”

Wakeman Integrity had a modest beginning. Wakeman opened the office as a one-person operation then added an administrator, Marion Chaney, a year later. Wakeman added agent Kristin Glavin, whose specialties included assisted living, behavioral health, chemical dependency centers, and hospitals.

Wakeman Integrity currently represents Hammes Partners, the largest healthcare developer/investor in the U.S. in a new, ground-up 45,000 SF Class A medical office building in Buckeye, Arizona, one of the fastest-growing cities in the U.S.

Wakeman Integrity also represents Akos, a 68,000 SF Class A medical office campus in Avondale, leasing 12,224 SF with a 12-year term in the first 60 days of listing execution.

The company added Real Nex Software for CRM and market edge and developed a virtual work-flow process. The addition of Glavin paid off. She closed the following deals:

  • A 12,000 SF lease representing Sunrise Native Recovery;
  • Represented Hope & Healing outpatient care facility;
  • Represented Wisemind Sober Living facility;
  • Represented Zika Recover by leasing with an option to purchase Serenity Care Hospital, located in Sun City West, a deal well over $5 million.

“Being a business owner is about relationships and time. By looking at how things or processes are being done today and developing a better way is the true definition of being a passionate, visionary entrepreneur,” Wakeman said.

For more information visit www.integrityRealty4U.com.

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by May 09, 2022
Paul Johnson Drywall acquires Florida-based Vatos Drywall, accelerating firm’s U.S. expansion

Paul Johnson Drywall acquires Florida-based Vatos Drywall, accelerating firm’s U.S. expansion

News & Updates

by | May 6, 2022 | News & Updates

PJD’s expansion is in response to builders’ needs and market demand in growth markets across the country.

PHOENIX (May 6, 2022) – Phoenix-based Paul Johnson Drywall, Inc. (PJD) announces closing its investment in Vatos Drywall, a long-term and prolific residential drywall contractor based in Orlando, Florida and serving multiple markets across the state.

PJD’s purchase of Vatos grows its service capacities in the region and expands secure access for residential builders to PJD’s industry-leading platform.

Orlando’s construction market has proven robust and outperformed virtually all other market service areas. The residential construction sector remains the largest by a significant margin and makes up more than half of all construction volume.

Cole Johnson

Cole Johnson, president of PJD, spoke about the substantial contribution the unification of PJD and Vatos will bring to the market.

“As residential builders are struggling to have their needs met in a professional and timely manner across the country, we have sought out the highest quality subcontractors in a number of markets and are bringing them onto PJD’s platform.

“We are confident that with this highly strategic move, we will immediately leverage Vatos’s existing team and excellent reputation with our proven systems to deliver a consistent offering to our customers paired with the quality of service they expect and deserve. This is an exciting time for our Company. We are proud to bring Vatos onboard, and we see terrific prospects continuing for the housing market ahead.”

Combining the PJD and Vatos teams is the firm’s latest success in growing its national footprint. PJD plans to keep all Vatos employees, who will continue to be led by Mr. Luis Rodriguez. Every employee will immediately benefit from PJD’s nationally recognized Good Jobs workforce strategy.

About Paul Johnson Drywall:

Established in Phoenix, Arizona, in 1967, by Paul Johnson Sr., Paul Johnson Drywall enjoyed its prominence as one of the largest specialty contractors in the Southwestern United States for more than 25 years. The Johnson family has recently expanded the company’s product offerings to include gypsum underlayment, concrete topping, and balcony waterproofing and has expanded the geographic service areas to now include Tucson and Prescott, Arizona; Las Vegas, Nevada; Denver, Colorado, and now Orlando, Florida. The near-term future includes geographic expansions into Nashville, Tennessee; Atlanta, Georgia; and Salt Lake City, Utah. The family-owned business has long been the drywall contractor of choice for the most prominent single-family and multi-family builders, providing on-time, high-quality drywall, and related construction services for projects across the region. With safety, efficiency, quality, and professionalism as its core values, Paul Johnson Drywall attracts and maintains the best crews, meets deadlines, and delivers on its customers’ expectations, establishing its reputation as the leader in the industry. More information is available at pauljohnsondrywall.com.

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by May 06, 2022
Multiple properties, and 1 land sale totaling $9.55M highlight recent deals by NAI Horizon

Multiple properties, and 1 land sale totaling $9.55M highlight recent deals by NAI Horizon

News & Updates

by | May 4, 2022 | News & Updates

     PHOENIX, ARIZONA (May 4, 2022) – Sales of retail, office, and industrial properties, and 3.77 acres of land, highlight recent deals facilitated by NAI Horizon professionals. The six sales fetched $9.55 million.

Sale Transactions:

Jason Griffith (NAI Excel), Gabe Ortega, Chris Gerow, and Shelby Tworek negotiated the sale of a 16,600 SF retail building, representing the buyer, Salt Castle Trust, for $6 million. The property is located at 13847 N. Northsight Blvd., Scottsdale, AZ.  The seller, Bradley Investments, LLC, was represented by Joe Cosgrove with LevRose CRE.

Joan Krueger negotiated the sale of a 5,168 SF office building, representing the seller, SRH LLC, for $1.35 million. The property is located at 2353 E. Baseline Road, Gilbert, AZ. The buyer, Healthy U, was represented by Corey Taber with Equity.

Joan Krueger negotiated the sale of 3.77 acres, representing the seller, Silverado Development Inc., for $1.2 million. The property is located at Loop 202 & Broadway Road, Mesa, AZ. The buyer, 5228 S. Blackstone LLC, was represented by Donna Walkosz with eXp Realty.

Jay Mininberg and Thomas Bean, CCIM, negotiated the sale of a 2,216 SF office, representing the seller, Levin Family Holdings, LLC, for $750,000. The property is located at 11111 N. Scottsdale Road, Scottsdale, AZ.  The buyer, TKBPE Revocable Family Trust, was represented by Ken Clarke with Home Smart.

Jeff Adams negotiated the sale of a 6,326 SF industrial building, representing the seller, Kelly Bohannon, for $700,000.  The property is located at 3220 N. Delaware, Tempe, AZ. The buyer, 3220 N. Delaware, LLC, was represented by Matt McDougall with Lee & Associates of Arizona.

Matt Harper, CCIM, negotiated the sale of a 1,200 SF retail building, representing the buyer, Cindy Sourn & Francis Florita, for $300,000. The property is located at 199 E. Butte Ave., Florence, AZ. The seller, Eugene J Marr & Kim Marr, were represented by Kari Bradley with Kari Bradley & Associates.

Lease Transactions:

Isy Sonabend and Drew Eisen represented the landlord, VWP 48th Street Owner, LLC, in a 63-month industrial lease for 42,122 SF at 3232 S. 48th St., Phoenix, AZ. The tenant, Monterrey Tile AZ, LLC, was represented by Tom Ellixson with Menlo CRE.

Sharon Reeves, Gabe Ortega, Chris Gerow and Shelby Tworek represented the tenant, Ta’ Carbon The Real Mexican Grill #3, LLC, in a 129 -month retail lease for 6,330 SF at 6750 W. Peoria Ave., Peoria, AZ. The landlord, EC Crossroads II, LLC, was represented by Stan Sanchez & John Jackson with Colliers International.

Laurel Lewis represented the tenant, Optum Serve Health Services, Inc., in a 63-month office lease for 4,490 SF at 8950 S. 52nd St., Tempe, AZ. The landlord, Orsett Agave, LLC., was represented by Gregg Kafka with Lee & Associates.

Jeff Adams represented the tenant, Adams Disaster and Restoration, Inc., in a 61-month industrial lease for 11,008 SF at 600 S. 56th St., Chandler, AZ. The buyer, Fairview I Property Owner, LLC, was self-represented.

Dylan Whitwer and Don Morrow represented the tenant, Devine Care Family Services, in a 38-month office lease for 1,785 SF at 5501 N. 19th Ave., Phoenix, AZ. The landlord, Parkwood, LLC, was represented by Emily Curry with Colliers.

Joe Pequeno and Troy Giammarco represented the tenant, AZ Express Glass and Mirror, LLC., in a 36-month industrial lease for 1,925 SF at 3116 W. Thomas Road, Phoenix, AZ.  The landlord, Pegasus West Valley North Owner, LLC, was represented by Adam Shteir with Citywide Commercial.

Matt Harper, CCIM, represented the landlord, Ed Rapee Living Trust, in a 36-month retail lease for 1,000 SF at 4031 N. 24th St., Phoenix, AZ.  The tenant, Alexis Bautista, was self-represented.

Joe Pequeno and Troy Giammarco represented the landlord, 2540 E. Thomas Road, LLC., in a 16-month office lease for 1,200 SF at 2540 E. Thomas Road, Phoenix, AZ. The tenant, Squeeze Management, was self-represented.

Matt Harper, CCIM, and Thomas Bean, CCIM, represented the landlord, Ruth E. Davies, in a 12-month office lease for 420 SF at 12630 N. 103rd Ave., Sun City, AZ. The tenant, Noomi Transportation, LLC., was represented by Aaron Seabaugh with MCG Commercial.

 

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.

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by May 04, 2022
ULI Arizona presents May 19 program to discuss advancing real estate industry through diversity

ULI Arizona presents May 19 program to discuss advancing real estate industry through diversity

News & Updates

by | May 3, 2022 | News & Updates

SCOTTSDALE, ARIZONA (May 3, 2022) – Diversity is a broad term. In real estate, it means representing all communities with a variety of racial, ethnic, socioeconomic, and cultural backgrounds, and a wide range of lifestyles and experiences.

It’s recognizing and representing different demographic groups in a given market area resulting in better advocacy for education, homeownership and private property rights. In order for real estate companies to be able to relate to a diverse population, it’s important to have representatives of these diverse populations providing input to decisions.

ULI Arizona’s DEI Committee presents “Advancing Arizona’s Real Estate Industry Through Diversity” on May 19, from 4 p.m. to 6 p.m. at the John Paul Theatre on the Phoenix College campus, 1202 W. Thomas Road, Phoenix.

“As a society, we have taken a number of strides towards fairness and understanding communities that for many historical reasons, were not in the forefront. This particular event will help to enlighten us all about the importance of continuing the work of creating a pipeline of diverse future real estate innovators,” said DEI Committee Vice Chair Oscar De las salas with Gensler.

ULI Arizona’s DEI Committee works to provide strategic guidance and implement systems to engage students, youth, and leaders of diverse backgrounds with professional opportunities and resources within ULI and the real estate and development industry. It has partnered with Project Destined, a global, social impact platform that teaches underserved youth the fundamentals of commercial real estate.

Students work with leading executives to evaluate live deals in their community and present them in a pitch competition. Scholars emerge with the skills, confidence, experiences, and networks that prepare them to secure a strong first job. Educating underserved youth about the industry provides them with the tools to make better decisions about issues in their communities, either as participants in land use discussions, as entrepreneurs, or as employees of real estate-related companies.

Catherine Anaya, a three-time Emmy Award-winning broadcast journalist will serve as moderator. Panelists will include Alexis Barber, student and Regional Production Director, Project Destined; C. Joseph Blackbourn, President and CEO, Everest Holdings; Cedric Bobo, Co-Founder and CEO, Project Destined; and Natalia Chavez, Development Analyst, Dominium.

Registration pricing varies from $30 for members to $40 for non-members. Students may register for free. Register here.

About ULI

 The Urban Land Institute is a 501[c][3] nonprofit research and education organization supported by its members. Founded in 1936, the Institute has more than 45,000 members worldwide, representing the entire spectrum of land use and real estate development disciplines working in private enterprise and public service. As the preeminent multidisciplinary land use and real estate forum, ULI facilitates an open exchange of ideas, information, and experience among local, national, and international industry leaders and policymakers dedicated to creating better places. Learn more about ULI Arizona at arizona.uli.org.

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by May 03, 2022
Healthcare real estate just what the doctor ordered for bustling West Valley city of Buckeye

Healthcare real estate just what the doctor ordered for bustling West Valley city of Buckeye

News & Updates

by | May 3, 2022 | News & Updates

SCOTTSDALE, Arizona (May 3, 2022) – As the booming West Valley continues to grow, the healthcare real estate community has heeded the call and is delivering.

Mangat Group is developing Sundance Medical Center, which will be located at the NWC of Yuma Road and Sundance Parkway in Buckeye. The two-story medical office building will total 43,600 SF.

Banner Health announced plans to build a hospital in Buckeye at the NWC of Verrado Way and I-10. The new four-story hospital will total 330,000 SF.

“Buckeye is in need of medical services, everything from women’s services to pediatrics to imaging to specialty services to geriatric medicine to outpatient facilities,” said Andrea Davis, CCIM, Principal of Andrea Davis CRE. “As one of the Valley’s fastest-growing markets for new commercial growth, Buckeye is expected to experience a medical office building boom as the young-family oriented city continues to grow.”

Sundance Medical Center is breaking ground in late 2022 and is scheduled to open in mid-2023. It will be designed for all sizes of tenants, and include the capability to handle an out-patient surgery center on the bottom floor. It will feature building and monument signage, medical parking, covered reserved parking, a drive-up to the entrance to drop off patients, and a generator pad on site,

“Underneath the trendy design, Sundance Medical has cutting edge structural features needed for medical practitioners,” Davis said. “The developer will help with an upfront space design of the suite and there is a generous tenant improvement allowance. We are already negotiating with enthusiastic practitioners.”

As the largest Valley city in terms of size – 640 square miles – Buckeye boasts more than 91,000 residents, an 80 percent increase from 2010, according to the city website. The Maricopa Association of Governments predicts Buckeye’s population will balloon to 305,000 residents by 2040.

Commercial activity in Buckeye is on the rise as the city sees investments across all industry sectors. Meeting demand of the growing population, Buckeye proves to be a successful location for new development.

Buckeye has landed KORE Power, a lithium-ion battery manufacturer expected to add more than 3,000 well-paying jobs to West Valley. Buckeye also boasts Verrado, an 8,800-acre master-planned community.

ABOUT DAVIS COMMERCIAL AZ

Andrea Davis, CCIM, has practiced commercial real estate for more than 20 years. Davis’ breadth of knowledge stretches from developers to landlords to buyer/tenant representation and investments. Within the commercial real estate industry, Davis has won numerous awards. Andrea Davis CRE is listed among the top 10 in Ranking Arizona for the category of Office Brokerage. Her book, SimpLEASEity™, focuses on leasing and is the first in a series of commercial real estate guidebooks. Her next book, Simply Own It, the American Dream, is forthcoming this year. For more information visit andreadavis.co/.

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by May 03, 2022
NAI Horizon’s Self-Storage Group facilitates disposition of Tucson self-storage, RV property

NAI Horizon’s Self-Storage Group facilitates disposition of Tucson self-storage, RV property

News & Updates

by | May 2, 2022 | News & Updates

    PHOENIX, ARIZ. (May 2, 2022) – The Nunez Self-Storage Group represented the seller in the disposition of a self-storage and RV asset in Tucson, Arizona.

NAI Horizon Executive Managing Director Denise Nunez and First Vice President Victoria Filice, CCIM, represented the seller, Vault at Old Vail Road LLC, of Vault Storage & RV, 7475 E. Old Vail Road in Tucson. The buyer was Van West Acquisitions LLC.

“The seller, a group based in Tucson, purchased this facility just 17 months prior. They were able to increase rents and improve operations in a short amount of time to realize a solid return for their investors,” Nunez said. “The buyer paid market value for a stabilized property which has room to grow through rental increases.”

Built in 2010, Vault Storage & RV offers covered and uncovered RV spaces as well as a wide variety of storage units. The asset totals 330 units – 111 drive-up storage units, 128 covered parking spaces, 90 outdoor parking spaces, and one commercial building.

Amenities include security fencing, electronic keypad access and after-hours onsite security guards. It is close in proximity to Rita Ranch, Mesquite Ranch, and Groves Lincoln Park communities.

The Nunez Self-Storage Group closed more than $140 million in transactions in 2021.

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.

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by May 02, 2022
Phoenix-based CapMatrix announces successful sale of pair of municipal recycling operations

Phoenix-based CapMatrix announces successful sale of pair of municipal recycling operations

News & Updates

by | Apr 27, 2022 | News & Updates

AZ firm advised Friedman Recycling Companies with sale of TX, NM recycling operations

PHOENIX, AZ. (April 27, 2022) — CapMatrix Ltd, a full-service capital markets and corporate strategic advisory firm headquartered in Phoenix, Arizona, has facilitated the successful sale of two valuable, out-of-state assets for the Phoenix-based Friedman Recycling Companies.

The sale transfers ownership of Friedman’s Texas and New Mexico municipal recycling operations to Waste Connections, Inc. (TSX/NYSE).

While financial terms of the deal were not disclosed, the operations sold by Friedman Recycling Companies include state of the art municipal recycling facilities (MRFs) located in El Paso, Texas, and Albuquerque, New Mexico, which collectively process more than 115,000 tons of recycled consumer and commercial material annually.

The transaction, managed by CapMatrix, is an example of an Arizona business engaging an Arizona-based strategic advisory firm to facilitate a sale. Morris Friedman, president of Friedman Recycling Companies, said local knowledge, proximity and strategic alignment were key factors behind his decision to work with an Arizona-based firm, rather than an out-of-state firm, for this specific transaction.

“This company is a part of our family, so when we made the strategic decision to divest our out-of-state assets and focus our energies at home here in Arizona, it was important to us that our strategic advisors honor and respect what we’ve built while searching for the right buyer,” Friedman said. “The team at CapMatrix was completely aligned with us from beginning to end, diligently worked the process of vetting potential buyers and kept everyone focused on the deadline for a closing. We couldn’t have done it without them.”

Waste Connections, Inc., the third-largest solid waste management company in North America, already had substantial operations in its home state of Texas but was looking to expand in El Paso. As part of its due diligence, CapMatrix understood that the company was also actively pursuing new opportunities in neighboring New Mexico, specifically Albuquerque.

The El Paso facility, which opened in 2006, spans nine acres and 49,000 SF. It handles municipal recycling operations for El Paso and Las Cruces. The 90,000 SF facility in New Mexico is set on 12.5 acres and handles recycling operations for the greater Albuquerque area.

Deron Bocks, president and managing partner at CapMatrix, said he and his firm were proud to represent Friedman in the sale, particularly because it bucks the trend of Arizona businesses using out-of-state strategic advisory firms.

“At CapMatrix, we pride ourselves on our ability to understand the unique dynamics of privately-held, and often family-owned, businesses by working closely with them to navigate complex transactions,” Bocks said. “We appreciate that the Friedman’s trusted us with this opportunity, we’re excited that we were able to execute a successful transaction for all parties involved, and we truly embrace our position as a local strategic advisory option for Arizona businesses in need of transactional representation.”

About CapMatrix

CapMatrix LLC is a full-service capital markets and corporate strategic advisory firm based in Phoenix, Arizona. With over 50 years of collective leadership experience and $2 billion in completed transactions, the team at CapMatrix focuses on capital markets transactions, mergers and acquisitions, and principal investments.  For additional information about CapMatrix please visit the website.

About Friedman Recycling Companies

Friedman Recycling Companies is a 40-year-old, second-generation family-owned and operated hauling and recycling business headquartered in Phoenix, Arizona, with additional operations in municipalities throughout the Southwest.

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by Apr 27, 2022
The Rockefeller Group, Liv Communities break ground on amenity-rich, 360-unit garden-style multifamily development in Laveen, Arizona

The Rockefeller Group, Liv Communities break ground on amenity-rich, 360-unit garden-style multifamily development in Laveen, Arizona

News & Updates

by | Apr 26, 2022 | News & Updates

     PHOENIX, ARIZ. (April 26, 2022) ‒ Liv Communities, a Michigan-based developer of numerous amenity-rich multifamily and senior living projects in the Valley, and The Rockefeller Group, a U.S. real estate developer, owner and operator, recently broke ground on a 360-unit, garden-style apartment community in Laveen, Arizona.

“We’re thrilled to have broken ground with our partners at Liv on our fifth development together,” said Daniel J. Moore, The Rockefeller Group’s President and CEO. “We’re excited to bring a Liv community to the Southwest Valley and look forward to welcoming residents to their new homes at Liv Laveen next year.”

Nestled up against South Mountain, Laveen offers residents an urban feel and numerous parks. Many families and young professionals make up the population of about 51,000.

Residents of the new community will have access to the South Mountain recreational area, Cesar Chavez Park, the Loop 202, and a 15-minute drive to Phoenix Sky Harbor International Airport. Laveen also is 30 minutes or less to most employment hubs in Metro Phoenix.

“We are beyond excited to have a presence in the friendly and centrally located town of Laveen,” said Heidi Arave, Vice President of Multifamily for Liv Communities. “The beautiful setting at the base of South Mountain and convenient access to every area of the Valley via the Loop 202 expansion are attracting a diverse population and numerous new businesses. We see the area as a future live-work-play mecca, perfect for renters who want convenience, comfort, and a vibrant lifestyle.”

Amenities will include a bark park, resident hub, game room, fitness center, volleyball and sports court. The community will feature smart home technology throughout, EV charging stations and valet trash service.

The design and construction team includes Clark Wayland, general contractor; Whitneybell Perry, Inc., architect of record; and Anderson Design, landscape architect.

About Liv Communities                                                               

Liv Communities helps people live fuller lives by developing, owning and operating luxury residential communities through their Liv multifamily and LivGenerations senior living brands. In addition to providing prime locations, premium finishes, inspired designs, and resort-style amenities, Liv Communities provides extensive opportunities for residents and team members to engage in community activities and with each other that ultimately results in their staying longer and referring others to join them. For information visit livcommunities.com.

About Rockefeller Group

Rockefeller Group develops, owns and operates extraordinary properties across the United States.  For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment.  The company’s portfolio spans the development of office, multifamily, industrial and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.

 

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by Apr 26, 2022
Valley native, 10-year retail expert Sean Lieb joins Scottsdale-based LevRose CRE as new Senior VP

Valley native, 10-year retail expert Sean Lieb joins Scottsdale-based LevRose CRE as new Senior VP

News & Updates

by | Apr 25, 2022 | News & Updates

     SCOTTSDALE, ARIZ. (April 25, 2022) – LevRose Commercial Real Estate is proud to announce that retail expert Sean Lieb, who comes from a legacy of real estate entrepreneurs in the Valley, has joined the firm as Senior Vice President.

Lieb brings 10 years of industry experience to LevRose after stints at SRS and Cushman & Wakefield. Lieb specializes in landlord and tenant representation, as well as investment sales throughout Metro Phoenix, Tucson, and tertiary markets. Lieb has successfully collaborated with property owners on sales, project analysis, valuation, market strategies, and lease negotiations to maximize their property’s value.

His experience with various types of retail properties including centers anchored by Costco, Target, Fry’s, Safeway, Sprouts, Albertson’s, Trader Joe’s, Bashas, Food City, and Best Buy in Arizona has further facilitated the growth of his extensive client list. On the tenant representation side, Lieb has experience guiding multiple local, regional, and national tenants on-site selection including driven brands concepts, BevMo, CVS, Burger King, Advance Auto Parts, Jackson Hewitt, Edward Jones, Charles Schwab, Smoothie King, Cheba Hut and Orangetheory Fitness.

“We are extremely excited that Sean decided to make the move to LevRose,” said LevRose Managing Director Mike Baumgardner. “His deal-making experience and strong market knowledge are hard to beat. This hastens our continued effort to grow the firm with some of the top people in the industry.”

Lieb has negotiated and driven brand franchises of retail spaces with value creation of more than $60 million. Acquisitions and dispositions facilitated on behalf of his landlord and tenant clients have resulted in more than $100 million in revenue.

Lieb has represented owner-users for purchase requirements of national tenant site selection and assisted in investment opportunities from single-tenant net leased assets to value-add investments. He has also consulted out-of-state buyers exploring the Metro Phoenix retail market.

A Phoenix native, Lieb earned a B.S. in regional development, sports management, and marketing from the University of Arizona. He was a walk-on wide receiver for the Wildcat football team after a successful high school career at Phoenix Brophy Prep. He is an active member of ICSC and Urban Land Institute.

Lieb’s uncle, Michael Lieb, has been a key player in the residential and commercial development of thousands of acres located in urban and rural areas throughout Metro Phoenix. Lieb’s father, Bobby Lieb, is a top producer for Home Smart International for the last decade and top producer in the Central Phoenix and Biltmore sub-markets.

About LevRose Commercial Real Estate/TCN Worldwide

LevRose is proud to be the sole Phoenix affiliate of TCN Worldwide. Formed in 1989, TCN is a consortium of networked independent domestic and international commercial real estate firms, which provides for complete, integrated real estate solutions across the globe. With approximately $41.3 billion in annual transactions and over 180 MSF under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services and resources, coupled with a personal commitment to exceed client expectations, is what has made TCN Worldwide a leader within the global commercial real estate industry. For more information visit levrose.com.

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by Apr 25, 2022