AMA announces 29th Annual Tribute Awards finalists, event will return to in-person format    

AMA announces 29th Annual Tribute Awards finalists, event will return to in-person format    

News & Updates

by | Apr 28, 2021 | News & Updates

       PHOENIX, ARIZONA (April 28, 2021) – Arizona Multihousing Association, the statewide trade group for the apartment industry, has announced the finalists for the 29th Annual AMA/Cox Communications Tribute Awards.

The 2020 Tribute Awards was a virtual event as COVID-19 forced organizations and businesses to lockdown. This year’s event on August 13 will return to an in-person gathering at a Phoenix venue to be announced.

AMA received a record 755 nominations from 33 member companies. Volunteers also donated 700 hours of their time to judge in the initial round.

AMA is the statewide trade association for the apartment industry, representing more than 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.

2021 AMA Tribute Awards finalists

 Property Supervisor

  • Greg Flatt, MC Residential
  • Monica Gatlin, PB Bell
  • Bertha Soto, Shelton Residential
  • Ashley Tran, Mark-Taylor Residential
  • Denise Trentacosta, MEB Management Service (Tucson)

 Community Manager 1-199

  • Jennifer Bagwell, Monaco at McCormick Ranch, Greystar Real Estate Partners
  • Christina Carrano, Villa Vita, Mark-Taylor Residential
  • Maria Flores, Bungalows on Jomax, Baron Property Services, LLC
  • Lauren McCauley, Lex on Central, Baron Property Services, LLC
  • Alanna Taylor, The Standard, Greystar Real Estate Partners

Community Manager 200-299

  • Scott Allen, iLuminate/Linear, Baron Property Services, LLC
  • Yvettee Oviedo, The Place at Wickertree, MC Residential
  • Brian Parker, Montero at Dana Park, Baron Property Services, LLC
  • Lindsay Schultz, Vela, Shelton Residential
  • Chrisman Swanson, The Place at Riverwalk, MC Residential

Community Manager 300+

  • Teresa Garr, San Tan by Baron, Baron Property Services, LLC
  • Xenia Higgins, The Ryan, Greystar Real Estate Partners
  • Stephanie Mathrusse, The Palms on Scottsdale, Mark-Taylor Residential
  • Ciera Moraga, The Halsten, Mark-Taylor Residential
  • Kim Ritch, Lake View at Superstition Springs, MG Properties

 Community Manager OTV

  • Ruben Chavez, Valley View, Nicolosi & Fitch, Inc.
  • Gina Desisto, Circ Tucson, Greystar Real Estate Partners
  • Samantha Devoe, The Colony, Greystar Real Estate Partners

Assistant Manager

  • Michelle Alcantar, Biscayne Bay, MG Properties
  • Danny Kwon, Aspire Pinnacle Peak, Weidner Apartment Homes-Arizona
  • Stacey Marek, LakeView at Superstition Springs, MG Properties
  • Rachelle Ralston, Scottsdale Horizon, MG Properties
  • Crystal Summer, Villa Vita, Mark-Taylor Residential

Leasing Consultant

  • John Drown, The Catherine, Security Property Residential
  • Amanda Green, San Lagos, Mark-Taylor Residential
  • Andrew Lopez, The Palms on Scottsdale, Mark-Taylor Residential
  • Levi Shaw, Copper Falls, P.B. Bell
  • Troy Row, Acero Cooley Station, IDM Apartments AZ, LLC

 Regional Service Supervisor

  • Casey Hale, P.B. Bell
  • Kyle Kik, MG Properties
  • Ricardo Salinas, MC Properties
  • Kris Servidio, Mark-Taylor Residential
  • Johani Villanueva, Avanti Residential, LLC

Service Supervisor 1-199

  • Young Baek, Villa Vita, Mark-Taylor Residential
  • Thomas Bray, Connect on Union, Western Wealth Communities
  • Elmer Merida, Franmar Manor, MEB Management Services
  • Darin Minemyer, Sunwood, Shelton Residential
  • Michael Pantoja, Avilla Camelback, MEB Management Services

Service Supervisor 200+

  • Andrew Keel, The Halsten, Mark-Taylor Residential
  • Chris Owen, Summerly at Zanjero, Greystar Real Estate Partners
  • Randy Risley, Visconti at Camelback, Greystar Real Estate Partners
  • David Robinson, Cadia Crossing, Olympus Property Management
  • Don Underwood, Sonoran, MG Properties

Service Supervisor OTV

  • John Ayers, Parkcrest, Shelton Residential
  • Christopher Hazlett, Riverstone, HSL Asset Management-Tucson
  • Art Torres, Dakota Canyon, Nicolosi & Fitch, Inc.

Service Technician

  • Joseph Bynum, Elevation Chandler, Olympus Property Management
  • Branden Mondoc, Cielo on Gilbert, Avanti Residential, LLC
  • Stephen Munyon II, Noria Robson Luxury Apartment, P.B. Bell
  • Trevor Terrell, Estate on Maryland Apartments, BH Management Services
  • Mark VanBuren, Tamarron, Shelton Residential

Housekeeper

  • Vernice Chavarria, iLuminate, Baron Property Services, LLC
  • Cecilia Jones, Residences at 4225, Greystar Real Estate Partners
  • Elizabeth Lugo, Sonoran Reserve, Scotia Group Management, LLC
  • Jonathan Schuermann, Broadstone Waterfront, Greystar Real Estate Partners
  • Cheri Stroud, Paradise at P83, P.B. Bell

Best Community Team Prior to 2002

  • Aventerra at Dobson Ranch, BH Management
  • Biscayne Bay, MG Properties
  • The Lex, Baron Property Services, LLC
  • Miramonte, P.B. Bell
  • Vaseo, Greystar Real Estate Partners

Best Community Team 2002-2012

  • Ascent at Papago, MG Properties
  • Palm Trails, Avanti Residential, LLC
  • San Tan by Baron, Baron Property Services, LLC
  • San Hacienda, Mark-Taylor Residential
  • The Tamarron, Shelton Residential

Best Community Team 2013-2020

  • Linear iLuminate, Baron Property Services, LLC
  • Optima Sonoran Village, Optima Realty Inc.
  • Paradise at P83, P.B. Bell
  • Summerly at Zanjero, Greystar Real Estate Partners
  • The Local, Mark-Taylor Residential

Best Community Team – OTV

  • Aspen Leaf, MEB Management Services
  • Missions at Sentinel Peak, Quarterpenny Management
  • Retreat at Speedway, Weidner Apartment Homes – Arizona

Best Community Team – Student Housing

  • Aspire Tucson, BH Management
  • Paseo on University, Greystar Real Estate Partners
  • University Villas at Ironwood, Shelton Residential

Industry Partner of the Year

  • Terry Bridges, Rose Paving, LLC
  • Bry Carter, The Phoenix Staffing
  • Noelia Coria, Kowalski Construction
  • Daniel Vollmer, Blue Steel Security
  • Chris Walker, Law Offices of Scott M. Clark

Industry Partner of the Year – Tucson

  • Tim Furnas, Avalanche Security Solutions
  • Sarah Marcarian-Dabb, Redi Carpet
  • Judy Kirckey-Prohow, Law Offices of Scott M. Clark, P.C.

Volunteer of the Year

  • Mike Johnson, HSL Asset Management-Tucson
  • Rachael Kish, Shelton Residential
  • Luis Verger, Shelton Residential

Volunteer of the Year – Tucson

  • Kimberly Barrow, MEB Management Services
  • Kim Fitch, Nicolosi & Fitch, Inc.
  • Lisa Jones, HSL Asset Management-Tucson

Arizona Executive of the Year

  • Mark Schilling, MEB Management Services
  • Justin Steltenpohl, P.B. Bell
  • Bob Venberg, PEM Real Estate Group

Corporate Employee of the Year

  • Jennifer Baird, HSL Asset Management-Tucson
  • Suzie Christenson, MEB Management Services
  • Ian Dangerfield, Greystar Real Estate Partners
  • Khara House, Bella Investment Group
  • Gianna Negretti, Greystar Real Estate Partners

Developers Award – Garden

  • Acero Cooley Station, IDM Apartments AZ, LLC
  • Copper Falls, P.B. Bell
  • Senderos on South Mountain, MEB Management Services

 Developers Award – Low/Mid Rise

  • Camden North End II, Camden Property Trust
  • Paradise at P83, P.B. Bell
  • The McKinley, Baron Property Services, LLC

Renovated Community of the Year

  • Camelback Flats, BH Management
  • Haven at South Mountain, Shelton
  • San Tan by Baron, Baron Property Services, LLC

Affordable Community of the Year

  • Cottonwood Crossing, Shelton Residential
  • Encore on First West, MEB Management Services
  • Tanner Gardens, MEB Management Services

For more information, visit azmultihousing.org.

###

 

by Apr 28, 2021
NAI Horizon represents seller in $2.34M disposition of Apache Trail Marketplace

NAI Horizon represents seller in $2.34M disposition of Apache Trail Marketplace

News & Updates

by | Apr 28, 2021 | News & Updates

     PHOENIX, ARIZONA (April 28, 2021) – NAI Horizon represented JAM Apache Trail, LLC in the $2.34 million disposition sale of Apache Trail Marketplace, a 12,380 SF, multi-tenant retail property located at 2430 W. Apache Trail in Apache Junction, Arizona.

NAI Horizon Executive Vice President Lane Neville and Senior Associate Logan Crum represented the seller.  The buyer, Olivia Pearl, LLC, was represented by Ghirardo Real Estate Group, Steve Ghirardo.

“Apache Trail Marketplace is a well-maintained and attractive property with longstanding tenants,” Neville said. “A unique attribute of this retail property is it is anchored by a strong medical tenant.

“Arizona Skin & Laser Therapy Institute, one of Arizona’s most renowned and regarded dermatology practices, occupies approximately 50 percent of the property with the longest lease term. Arizona Dermatology is a stabilizing force and a strong draw for the property,” Neville said.

Other key tenants include Cricket Wireless, Fatman’s Pizza and Kure Corp.

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 Apr 28, 2021
NAI Horizon negotiates $1.65M sale of vacant retail building in Mesa that housed tile company

NAI Horizon negotiates $1.65M sale of vacant retail building in Mesa that housed tile company

News & Updates

by | Apr 27, 2021 | News & Updates

     PHOENIX, ARIZ. (April 27, 2021) – NAI Horizon represented the seller in the $1.65 million disposition of a building in Mesa, Arizona, that formerly housed a long-standing national tile retailer that went out of business.

NAI Horizon Senior Vice President John Filli, SIOR, represented the Peter & Phyllis Eichman Trust of Green Valley, Arizona, in the sale of the former “A World of Tile” building at 2121 S. Power Road, in Mesa.

The +/-14,060 SF asset sits on +/-1.43 acres of commercial land adjacent to a Big O Tire Sales & Service Center to the north that was constructed on +/-.821 acres of land purchased from the Peter & Phyllis Eichman Trust by STR LLC on June 24, 2013.

The former tenant filed bankruptcy and vacated the building prior to it being offered for sale, which resulted in the cancelation of a 10-year lease.

“Having to deal with the impact of the bankruptcy liquidation process, the COVID-19 crisis, and the December 27, 2020, death of Dr. Peter Eichman, made the close of escrow considerably more difficult than anticipated,” Filli said.

   The AWOT building is located in one of the most desirable retail trade areas in the Southeast Valley at the NEC of Power Road and Kiowa Avenue. It is adjacent to the former VF Factory Outlet Center and less than one mile south of the Superstition Springs Mall.

The buyer, KFH 2121 Power Road LLC of Phoenix, was represented by Aaron Klusman with Camelback Partners.

“In looking back at the challenges I faced to successfully complete the deal, I am reminded of an inspirational poem that hung on the office wall of golfing great Arnold Palmer,” Filli said. “He read the poem at the start of each day, serving as a source of inspiration, courage and motivation. It started out ‘If you think you are beaten, you are. … If you think you’ll lose, you’ve lost.’  It ends ‘Life’s battles don’t always go to the stronger or faster man, but sooner or later the man who wins is the man who thinks he can.’”

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 Apr 27, 2021
Sigma Contracting completes $3M interior remodel of iconic W Scottsdale hotel with expansion of 2nd-floor entertainment areas

Sigma Contracting completes $3M interior remodel of iconic W Scottsdale hotel with expansion of 2nd-floor entertainment areas

News & Updates

by | Apr 27, 2021 | News & Updates

      SCOTTSDALE, ARIZ. (April 27, 2021) – Just in time for the summer resort season, the W Scottsdale, a premier Valley hotel, has undergone a $3 million remodel that included a complete gutting of the second-floor entertainment areas surrounding the pool.

Sigma Contracting, Inc., performed the work, which involved the creation and expansion of entertainment areas surrounding the rooftop pool, including new bars and specialty seating areas.

One of the new spaces at W Scottsdale, 7277 E. Camelback Road in Scottsdale, is the Cottontail Lounge, which was designed by Cawley Architects, the architect of record. It is described as a “sophisticated space for breakfast, lunch or late-night cocktails.”

The project called for a unique and creative design with a variety of similarly unique materials to provide for an increased indoor/outdoor air-conditioned entertainment space. The remodel was required to be completed while providing continued pool access for guests. COVID-19 presented its own complications working in an environment with both guests and construction workers present.

“Sigma was excited to be part of the beautiful update to a distinctively elegant facility in Old Town Scottsdale,” said Sigma President Dan Hinkson. “This is a space that will be utilized not only by out-of-town visitors, but also by the local public as well for a variety of special events and meet-ups. We ourselves look forward to enjoying the newly-created environment.”

Notable subcontractors include Sea-Tec Electric (electrician), Universal Piping (plumbing), Envision Flooring (flooring), and MCI Woodwork (millwork).

Built in 2008 and owned by Stockdale Capital Partners, W Scottsdale features 224 guest rooms and 27 suites.

ABOUT SIGMA CONTRACTING INC.

Sigma Contracting, Inc. is an Arizona-based company founded in 1983 and licensed in eight Southwestern states. As a premier commercial general contractor, Sigma has established a broad footprint in the region with an extensive portfolio of projects in a variety of sizes, industries, and property types, with established long-standing client relationships with top developers, architects, municipalities, and businesses in the region. For 35 years Sigma has been the turnkey contractor for more than 900 construction projects including hospitals, medical office buildings, schools, public venues, retail and industrial spaces, banks, office buildings, and municipal facilities. For more information visit www.sigmacontracting.com.

###

 

 

 

 

 

by Apr 27, 2021
Sales of RV Park in Tucson, land in Safford highlight deals by NAI Horizon professionals

Sales of RV Park in Tucson, land in Safford highlight deals by NAI Horizon professionals

News & Updates

by | Apr 26, 2021 | News & Updates

      PHOENIX, ARIZONA (April 26, 2021) – The sales of a 25-acre RV park in Tucson, Arizona, and 4.63 acres in Safford, Arizona, totaling $4.57 million highlight recent deals by NAI Horizon professionals.

Sale Transactions:

Andrew Warner negotiated the sale of a 25-acre RV park representing both the seller, Desert Trails Land Holdings, LLC and the buyer, Desert Trails RV Park, LLC for $4.5 million. The property is located at 3551 San Joaquin Road, Tucson, AZ.

Christopher Lewis negotiated the sale of 4.63 acres on land for $70,000 representing the seller, JFP Development, LLC. The property is located at 20th Avenue and Golf Course Road, Safford, AZ. The buyer, Zihau, LLC was self-represented.

Lease Transactions:

Laurel Lewis represented the tenant, Trustaff Travel Nurses, LLC in a 65-month office lease for 6,331 SF at 16100 N. Greenway-Hayden Loop, Scottsdale, AZ. The landlord, KWC Greenway-Hayden Loop, LLC was represented by Michael Stritmatter with Cushman & Wakefield.

Laurel Lewis represented the tenant, RPI Consultants, LLC in a 66-month office lease for 1,952 SF at 2901 N. Central Ave., Phoenix, AZ. The landlord, Phoenix, Plaza PT, LLC was represented by Pat Boyle with Cushman & Wakefield.

 Dylan Whitwer and Laurel Lewis represented the tenant, Stephen W. Johnson, DDS, PLLC in a 61.5-month office lease for 2,053 SF at 15730 N. 83rd Way,

Scottsdale, AZ. The landlord, T & B Properties of Arizona, LLC was represented by Randy Shell, John Quartinin and Suzanne Enright with Shell Commercial.

Chris Gerow, Shelby Tworek and Gabe Ortega represented the landlord, RDEV Ranch, LLC in a 60-month retail lease for 1,307 SF at 1134 S. Stapley Drive, Mesa, AZ. The tenant, Eleazar Ruiz Lopez and Sofia Pedro was self-represented.

Jay Mininberg, J.D. and Thomas Bean, CCIM represented the landlord, 3402 N. 36th St., LLC in a 37-month office lease for 1,412 SF at 3402 N. 36th St., Phoenix, AZ. The tenant, Cactus Literacy Center, LLC was self-represented.

Matt Harper, CCIM represented the landlord, Puchhi, Inc. in a 38-month retail lease for 1,240 SF at 9501 W. Peoria Ave., Peoria, AZ. The tenant, Cuddly Creations, LLC was self-represented.

Matt Harper, CCIM represented the landlord, Cameron 2, LLC in a 12-month office lease for 897 SF at 4636 N. 32nd St., Phoenix, AZ. The tenant, Money Muscle, LLC was self-represented.

 

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 Apr 26, 2021
The Empire Group of Companies Acquires 21 Acres in Vibrant West Valley for a Single-Family Build-to-Rent Community

The Empire Group of Companies Acquires 21 Acres in Vibrant West Valley for a Single-Family Build-to-Rent Community

News & Updates

by | Apr 20, 2021 | News & Updates

Land Advisors Organization’s Metro Phoenix homebuilding team facilitated the deal, sees Build-to-Rent popularity continuing, growing beyond state with consumers and institutional capital.

SCOTTSDALE, ARIZONA (April 21, 2021) – Land Advisors Organization’s Metro Phoenix Homebuilding team is pleased to announce the closing of a land sale in the bustling West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8 million for 21 acres, which will be developed into a single-family Build-to-Rent community. It will be the fourth such development in the West Valley for The Empire Group of Companies.

The project, Village at Paseo de Luces, is planned for approximately 272 units at the E-NEC of 99th Avenue and Van Buren Street in Tolleson, Arizona. The Empire Group of Companies plans to offer single-family, rental homes ranging in size from +/-700 to 1,300 square feet in 1-, 2- and 3-bedroom floorplans. Land Advisors Organization’s homebuilding team of Bret Rinehart and Ryan Semro represented the buyer in the transaction.

“The West Valley is one of the most active markets in Metro Phoenix. With this land purchase, The Empire Group of Companies is eager to develop another exciting single-family, Build-to-Rent community, this one in Tolleson,” Rinehart said. “The metropolitan Phoenix area is ground-zero for the single-family Build-to-Rent concept.  Although it’s been well-known in the market and we’ve helped groups like Empire find land for their communities over the past decade what we are seeing today is a new level of popularity from consumers, which is causing enormous interest from builders and investors looking to either grow their market share or break into it in Arizona as well as other growing areas.”

The Empire Group intends to break ground shortly and expects approximately 12 months for construction of the project.  The Empire Group of Companies has developed a trio of single-family build-for-rent communities in the West Valley – Village Harvard Crossing in Goodyear; Village Pioneer Park in Peoria; and Village Olive Marketplace in Glendale.

“With markets like Arizona, Atlanta, Charlotte, Orlando, Tampa, Houston and Dallas experiencing high population growth, the Build-to-Rent concept has become a great option for consumers who are new to an area, or for those transitioning from apartment living to a home but need to take this initial step as they wait for more inventory or pricing to stabilize,” said Rinehart. “And, with more capital groups opening up to the notion of financing these projects, we’re seeing a massive surge in interest on the builder and developer side.”

“In metropolitan Phoenix in particular, the Build-to-Rent space has reached an inflection point where institutional investors are viewing these opportunities on a large, programmatic scale,” said Rory Hansen, western regional director for Land Advisors Capital located in Scottsdale, Arizona. “With land values and construction costs rising in Arizona and across the region putting continued pressure on retail homebuyers, Build-to-Rent communities are becoming an attractive asset class.”

Land Advisors Organization’s Metro Phoenix homebuilding team facilitates sales on behalf of landowners with virtually every major home builder in the market. The team specializes in home builder developments, multi-family communities and master-planned communities throughout Arizona.

“In the last several years institutional investors have recognized the Build-to-Rent strategy as viable and have thus become more interested in diversifying their portfolios with these assets, said Michael Zarola, managing director with Land Advisors Capital located in Austin, Texas.  “Nationally, we’re finding that capital groups generally fall into one of two categories when it comes to Build-to-Rent: investing as a general partner with a regional or public homebuilder who has purchasing power, subcontractors and a good knowledge of the local market; or as a limited partner often with a multi-family builder/developer/operator who maintains the operational expertise to manage the asset. There are different risks and benefits to each, so the “right fit” is critical.”

 

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 and Tampa Bay, Florida; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

About The Empire Group of Companies

For more than 40 years, the Empire Group has been at the forefront of residential and commercial real estate development. The company was founded in Milwaukee, Wisconsin, in the 1970s by Richard J. Felker. His goal was to create innovative structures and communities in a dynamic, fast-growing market that embraced the American spirit of risk-taking and entrepreneurialism. Phoenix proved to be a perfect fit for his vision. Within a few years, he moved the firm to Arizona. The company is now based in Scottsdale. Forty years later and within a market that added 2.5 million new residents during this time period, Empire has become one of the leading real estate development firms in the Valley. It has developed and/or managed more than $1.5 billion in assets while carefully stewarding the hard-earned capital of more than 2,000 unique investors. For more visit builtbyempire.com.

 

 

# # #

by Apr 20, 2021
NAI Horizon negotiates $8.135M investment sale of Illinois self-storage facility, industrial property

NAI Horizon negotiates $8.135M investment sale of Illinois self-storage facility, industrial property

News & Updates

by | Apr 20, 2021 | News & Updates

      PHOENIX, ARIZ. (April 20, 2021) – NAI Horizon Managing Director Denise Nunez and Associate Victoria Filice represented the seller and secured the buyer in the $8.135 million investment disposition of Huntley Self Storage/Huntley Industrial Condominiums in Huntley, Illinois.

The Nunez Self Storage Group, working with the local NAI Hiffman office, represented the seller, Gerald Bernat/Bernat Development Company of Key West, Florida. The buyer was Elmdale Ventures LLC of Skokie, Illinois.

The assets are located at 11181, 11245, 11241, and 11221 Giordano Court in Huntley, a part of the Metro Chicago area.

“The acquisition was a value add investment opportunity which will enable the buyer to expand their presence in the market, adding to their existing location, while providing an opportunity to convert some of the existing RV spaces at the Huntley Self Storage site for much needed additional self-storage units,” Nunez said.

The acquisition includes 460 units, of which 149 are outdoor parking totaling 48,600 NRSF. A warehouse consisting of approximately 26,000 NRSF was also part of the sale.

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

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.   

###

by Apr 20, 2021
CDC Small Business Finance is top Arizona SBA lender after fiscal year 2021 2Q, totaling $49.67M

CDC Small Business Finance is top Arizona SBA lender after fiscal year 2021 2Q, totaling $49.67M

News & Updates

by | Apr 20, 2021 | News & Updates

     PHOENIX, ARIZ. (April 20, 2021) – CDC Small Business Finance, a community leader in the economic development field, is the No. 1 U.S. Small Business Administration lender in Arizona among 7A and 504 firms after the fiscal year 2021 second quarter.

The Arizona district office of CDC, which was named the state’s SBA 504 Lender of the Year for the third straight year in 2020, closed 55 loans totaling $49.67 million. The No. 2 lender was far behind with 40 loans totaling $22.4 million.

The fiscal year 2021 2Q rankings are from October 1, 2020, through March 31, 2021.

“Interest rates remain low, buyers are prequalified and lack of commercial real estate inventory is driving the increases we see of ground-up construction loan requests,” said Belinda Rosthenhausler, CDC Small Business Finance Vice President, Commercial Lender for Arizona and Nevada.

“Business owners are currently capitalized and contacting their banker to discuss purchasing commercial property versus renewing their lease. Market lease rates are continuing to increase and the SBA 504 loan program allows companies to stabilize their real estate requirement long term with a minimal 10 percent down,” Rosthenhausler said.

In the Arizona district office third-party lender rankings for the same period, JP Morgan Chase Bank was the No. 1 lender with $14.3 million; First Fidelity Bank was No. 2 with $11.3 million; and Midfirst Bank was No. 3 with $9.4 million.

CDC Small Business Finance was recognized among all SBA 504 lenders in the state last year for the greatest loan production and impact in Arizona.

Bane and the Phoenix CDC office have helped local small businesses including Lo-Lo’s Chicken and Waffles and BBQ Island. For non-real estate financing, CDC Small Business Finance offers a portfolio of working capital loan options.

The Phoenix office comprises Chris Bane, Vice President, Senior Commercial Lender Bane and Rosthenhausler.

For more information and current rate, visit cdcloans.com.

###

by Apr 20, 2021
NAI Horizon’s Church Realty Solutions practice negotiates three deals totaling $3.8M, including the sale of an iconic Paradise Valley church

NAI Horizon’s Church Realty Solutions practice negotiates three deals totaling $3.8M, including the sale of an iconic Paradise Valley church

News & Updates

by | Apr 19, 2021 | News & Updates

     PHOENIX, ARIZONA (April 19, 2021) – A collaborative effort of experience, tenacity and creativity played a role as NAI Horizon’s Church Realty Solutions practice negotiated three deals totaling $3.8 million, “linking real estate to ministry.”

NAI Horizon Senior Vice President Thomas Smith helps churches acquire new buildings, lease part or all of their existing facilities, repurpose buildings to accommodate places of worship, consolidates and assists with the sale and disposition of properties and facilities for churches of all sizes and styles.

Smith represented the seller, Gloria Dei Evangelical Lutheran Church in Paradise Valley, Arizona, in the $2.41 million disposition of the iconic church at 3539 E. Stanford Drive. The buyer was investor HOH PV LLC of Phoenix.

In a second deal involving the asset, Smith represented the landlord, HOH PV LLC, in a long-term lease totaling $653,964 for a new tenant, Blessings Community Church of Scottsdale, Arizona.

“We were truly blessed in finding a buyer who appreciated the historical significance of the church architecture and wanted to preserve it but also understood the uniqueness and value of the site itself,” Smith said. “Additionally, our buyer worked to respect the hopes of the Church Board that we locate another church who would equally value the property as a future tenant. Blessings Community Church was the perfect tenant with the objective to expand and celebrate their one-year anniversary as a new church in the Valley.”

Waseem Hamada of Venture REI represented HOH PV LLC in the first deal. Lorence Zimtbaum of Paramount Ventures Realty Group represented Blessings Community Church in the second deal.

“The historical significance and reverence of our church is held in high esteem by past and present members. It was not emotionally easy to let go of our beloved property,” said Dr. David Alexander, Vice President of Gloria Dei Evangelical Lutheran Church. “It was important to our Pastor, Church Council and leadership team that we select a broker who was sensitive and empathetic to the feelings and desires that went with the departure of the church property.”

“We also needed a highly capable broker with a diversified resume that demonstrated expertise in the strategic positioning and sale of church properties. Thomas also offered us a fully integrated strategic sales approach and superb marketing platform that coincided with our sales objectives. We also had a desire that our broker would understand our wishes that the future owner of our church property be another faith community if possible. Our wishes were fulfilled,” Dr. Alexander said.

Built in 1972, Gloria Dei Evangelical Lutheran Church was designed in 1966 by renowned Phoenix architect Bennie Gonzales, FAIA.

“Thomas’ experience enables him to see the church real estate business from all angles,” said NAI Horizon Designated Broker/CEO Terry Martin-Denning. “This provides his clients an extraordinary level of service. For NAI Horizon it provides a strategic advisor for all things church real estate related.”

In a separate deal for the Church Realty Solutions practice, NAI Horizon represented the buyer in the sale of a commercial office flex building in Scottsdale that will serve as a multi-media facility for Trinity Church, also in Scottsdale.

Smith represented Trinity Church in the $740,000 purchase of 14201 N. Hayden Road, #C-2, in Scottsdale. The building totals 3,340 SF and sits on .31 acres.

Trinity Church plans to utilize and expand the many features built into the facilities, particularly a studio for recordings and presentations of its ministries and development programs.

The sellers, Brad and Lori White of Scottsdale were represented by Tim Whipple of Hub Commercial.

“For me, the Church Realty Solutions practice is part business and part ministry and serves as my driving purpose to create and deliver world-class professional real estate services to communities of faith,” Smith said.

The interior of Gloria Dei Evangelical Lutheran Church in Paradise Valley, Arizona.

 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.

 

###

 

by Apr 19, 2021
NAIOP supports rising CRE leader through diversity student scholarship; NAIOP Arizona member Margarita Effron awarded $5,000

NAIOP supports rising CRE leader through diversity student scholarship; NAIOP Arizona member Margarita Effron awarded $5,000

News & Updates

by | Apr 19, 2021 | News & Updates

HERNDON, VA (April 19, 2021) – NAIOP, the Commercial Real Estate Development Association, has selected Margarita Effron as a recipient of its annual Diversity Student Scholarship.

The scholarship program supports students who are pursuing a graduate degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.

“NAIOP is pleased to support this talented student in achieving her professional goals with our Diversity Student Scholarship program,” said Thomas J. Bisacquino, NAIOP president and CEO. “We recognize the tremendous value in investing in the next generation of commercial real estate leaders and advancing a more diverse industry. As this rising star fulfills her enormous potential, her career will serve to inspire others.”

NAIOP is awarding four $5,000 graduate student scholarships to individuals from demographics that are traditionally underrepresented in commercial real estate and whose universities are part of the NAIOP University Membership program.

Effron is a graduate student in the Master of Real Estate Development (MRED) program at Arizona State University and a member of NAIOP Arizona. She is also enrolled in the ASU REIT Portfolio Practicum, a student-run investment course with $500,000 of real capital. In this role, she analyzes, underwrites publicly traded U.S.-based REITs and makes investment decisions that best serve long-term profitability objectives.

She previously worked as a law clerk for Pacifica Companies, a privately held and operated real estate investment company based in San Diego. In this role, she supported in-house counsel in providing general legal advice to the entities within the company, reviewed state laws on zoning and land use to address development-related issues.

In addition to the scholarship, each scholarship recipient will have the opportunity to make new professional connections and sharpen his or her commercial real estate acumen with complimentary registration to attend NAIOP’s CRE Converge 2021, September 26-29, in Miami Beach, Florida.

To learn more about NAIOP’s strategic initiatives to advance diversity, visit naiop.org/diversity.

About NAIOP

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 20,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org

 

###

 

 

 

by Apr 19, 2021