NAI Horizon facilitates long-term lease for supplier of cleanroom equipment in Deer Valley

NAI Horizon facilitates long-term lease for supplier of cleanroom equipment in Deer Valley

News & Updates

by | Feb 5, 2025 | News & Updates

     PHOENIX, ARIZONA (February 5, 2025) – NAI Horizon facilitated a long-term lease for a Phoenix-based company that distributes cleanroom custom gas monitoring system equipment. The lease is for 7,200 SF in the bustling Deer Valley submarket.

NAI Horizon’s Jay Mininberg, J.D., represented the tenant, Welmade Technology Corporation (Welmade) in the long-term lease at 2005 W. Deer Valley Road in Phoenix. Welmade is a contractor for the massive Taiwan Semiconductor Manufacturing Company (TSMC) chip facility in North Phoenix.

“This industrial lease agreement represents a significant achievement, facilitating Welmade’s year-end objective of relocating to a larger facility,” Mininberg said. “We are dedicated to supporting their continued growth and expansion within the market.”

Welmade was established in 2022 in Phoenix. It distributes custom gas monitoring system equipment for cleanroom and product line applications and provides integrated system services. Its support services include parts supply, technical consultancy, and system lifetime procurement management.

Its primary customers come from various fields, including electronics and semiconductors. Welmade also collaborates with research institutes, governments, and academic institutes.

The landlord, IP-2015 West Deer Valley Road, LLC, was represented by Dylan Scott with Kidder Mathews.

 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 in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 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 throughout the world.

NAI Global provides a complete range of corporate and institutional 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 Feb 05, 2025
Estrella adds to growth of West Valley, breaks ground on 508 homesites at village of Montecito

Estrella adds to growth of West Valley, breaks ground on 508 homesites at village of Montecito

News & Updates

by | Feb 4, 2025 | News & Updates

GOODYEAR, Ariz. (Feb. 4, 2025) – Underscoring a resolute commitment to creating the West Valley’s most vibrant and thriving community, Estrella Development Company and award-winning homebuilders Lennar and Richmond American Homes broke ground recently on 508 homesites at the village of Montecito at Estrella in Goodyear, Arizona.

Jeff Zimmerman, Vice President of Development for Estrella Development Company, said the future homesites mark a new chapter for Estrella’s innovative and dynamic community.

 “Over the past year, we have successfully sold 719 homesites within the villages of Lucero and Montecito. This achievement highlights Estrella’s appeal and the strong demand for quality housing in our master-planned community,” Zimmerman said. “The recent sale of 508 homesites in Montecito to renowned national homebuilders Lennar and Richmond American Homes is a testament to the trust and confidence that these award-winning builders have in our vision. These partnerships are essential in delivering high-quality homes to our residents.”

As the West Valley experiences a boom in quality employment, commercial, entertainment, and retail offerings, homebuilders are increasingly turning their attention to the neighborhoods Estrella provides, Zimmerman said, adding that “our community is perfectly positioned to benefit from this growth.”

Estrella, one of the largest master-planned communities in the Southwest, is located in the bustling West Valley, in one of the fastest-growing communities in the U.S. The new neighborhoods will offer a variety of home styles and floor plans to meet the diverse needs and preferences of modern singles, couples, and families.

The groundbreaking, which drew more than 350 people, was attended by officials with the City of Goodyear, including Mayor Joe Pizzillo, Vice Mayor Wally Campbell, and Councilwoman Benita Beckles, and stakeholders associated with the project.

“This purchase represents a continuation of our legacy of building at Estrella over the years. We firmly believe in Estrella and with the West Valley’s booming economy, coupled with Estrella’s well-planned infrastructure and vibrant community spirit, we’re confident this is an ideal place for families to call home,” said Jeff Gunderson, Senior Vice President | Land Operations, with Lennar.

Estrella is a joint venture with Scottsdale-based Harvard Investments, Toll Brothers, and Värde Partners. It has been instrumental in bringing unparalleled expertise and resources to Estrella. This collaboration assures the delivery of a top-tier development that meets the highest standards of quality, design, and livability.

“In just three short years under this new leadership, Estrella has made remarkable strides. We’ve seen significant milestones achieved and are planning a bright future ahead,” said Harvard Investments President Tim Brislin. “The community looks better – and lives better – and those improvements are benefitting current residents and hundreds of folks who move to Estrella in the near future.”

Metro Phoenix is witnessing the nationally-recognized Goodyear growth in real time. Its weekly announcements of new restaurants, office, manufacturing, entertainment, and solid job creation, combined with Estrella’s excellent location, amenities and well-planned infrastructure, make this rare combination an ideal place for families to thrive, said Richmond American Homes Division President Rick Morris.

“Richmond American Homes has remained committed to Estrella because of its comprehensive development plan that aligns with our vision of creating first-class living options. We have been building at Estrella for many years but the opportunity to be part of this dynamic new reset was particularly enticing,” Morris said.

The project team includes Silver Fern Companies, Otago Development, Rummel Construction, DCS Contracting, Rhino Contracting, and Land Advisors Organization.

After the groundbreaking ceremonies, a “Touch-A-Truck” kids’ event was held. It was their chance to engage with the earth-moving equipment that will help shape the new neighborhoods.

About Estrella

Home to more than 8,200 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, two fitness centers, resort-style swimming pools, basketball, volleyball, pickleball, and tennis courts. Estrella is also home to a Nicklaus-design Championship golf course, The Golf Club of Estrella. Estrella is owned in a joint venture among Värde Partners, Toll Brothers, and Harvard Investments. For more information about Estrella, please visit estrella.com.

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by Feb 04, 2025
Terracon Foundation awards more than $117,700 in university, community grants; $5,000 in Arizona

Terracon Foundation awards more than $117,700 in university, community grants; $5,000 in Arizona

News & Updates

by | Feb 4, 2025 | News & Updates

TEMPE, ARIZ. (Feb. 4, 2025) – The Terracon Foundation announced the award of $117,723 in grants and scholarships to four universities and 21 nonprofit organizations throughout the U.S., resulting in more than $500,000 in total giving in 2024. Grants to two groups in Arizona totaled $5,000.

“The focus of the Terracon Foundation is on education and the built and natural environment,” said Derek Koller, CIH, CHMM, Chair of the Terracon Foundation and Manager of the company’s Tucson office. “That is paired with the goal for these grants to make a meaningful difference in the lives of our employee-owners and the communities we serve. Our employees who personally champion these grant recipients make it all happen.”

The Terracon Foundation awarded more than $67,000 in community grants to 21 nonprofit organizations including the Arizona State University student-run food pantry in Tempe, Arizona, $1,000; and the Southern Arizona Environmental Management Society in Tucson, Arizona, $4,000.

The Terracon Foundation also awarded $50,000 in grants to four universities: the University of North Florida, the University of Washington, the Virginia Tech Foundation, and Wake Technical Community College in Raleigh, North Carolina.

About the Terracon Foundation

Established as the community investment arm of Terracon, the Terracon Foundation has made nearly $5 million in grants to community organizations, universities, scholarships for dependents of employees, and disaster relief efforts since 2008. Total giving in 2024 exceeded $500,000.

About Terracon

Terracon is an employee-owned, multidiscipline consulting firm comprised of more than 7,000 curious minds focused on solving engineering and technical challenges from more than 180 locations nationwide. In 2025, we celebrate Terracon’s 60th anniversary with gratitude to our employees and clients and excitement for the future as Our Adventure Continues. Explore with us by visiting terracon.com.

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by Feb 04, 2025
Sigma Southwest builds on its relationships, ability to deliver quickly on a trio of projects

Sigma Southwest builds on its relationships, ability to deliver quickly on a trio of projects

News & Updates

by | Feb 3, 2025 | News & Updates

     PHOENIX, ARIZ. (Feb. 3, 2025) – Sigma Southwest, a leading general contractor, is leveraging its long-standing client relationships and fast-track capabilities to successfully deliver three retail projects.

Sigma Southwest is constructing a Brakes Plus at the NWC of Florence Boulevard and North Peart Road in Casa Grande, Arizona. The new-to-market auto repair and maintenance facility will total 4,975 SF. It will include a comfortable waiting area and is expected to be completed in July.

“Being able to leverage long-standing relationships and knowing that they place their trust in you to bring an experienced team for their projects in very rewarding,” said Sigma Southwest Business Development Manager Gary Langenfeld. “We are excited to be a trusted partner for this build for Brakes Plus.”

The architect of record is Arcodev Architects of Littleton, Colorado. Notable subcontractors include Optimus Civil Engineering, Red Concrete, Apache Pipeline (utilities), and Fyffe Masonry.

Sigma Southwest is also providing quick turnaround restroom remodels at Chili’s Grill & Bar locations in Riverdale, Utah, and Westminster, Colorado. Each project totals 1,000 SF and construction will be completed in February.

Each project is a fast-track upgrade requiring coordination for clean and safe customer utilization of affected areas.

“Sigma Southwest is excited to have the capability to be able to service various Chili’s locations in multiple states for their needed upgrades,” Langenfeld said. “These two are a part of a larger number of locations to be done.”

The architect of record on the projects is Conquest Architects of Dallas, Texas. The tile contractor is FloorCo.

For more information about Sigma Southwest visit sigmasouthwest.com.

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by Feb 03, 2025
NAI Horizon’s Lane Neville appointed national Council Chairman for NAI Global Healthcare Advisory Group, which is growing significantly

NAI Horizon’s Lane Neville appointed national Council Chairman for NAI Global Healthcare Advisory Group, which is growing significantly

News & Updates

by | Jan 29, 2025 | News & Updates

     PHOENIX, ARIZONA (Jan. 29, 2025) – The NAI Global Healthcare Advisory Group is proud to announce the appointment of NAI Horizon Managing Director Lane Neville as the new national Council Chairman.

Under Neville’s leadership during the past six months, the NAI Global Healthcare Advisory Group has grown significantly. It now boasts 97 healthcare members across 31 states, spanning 54 primary, secondary, and tertiary markets nationwide.

Additionally, the network has expanded healthcare services internationally, with agents representing NAI Global Healthcare in Canada, the United Kingdom, Germany, and Poland.

“Our newly formed NAI Global Healthcare Advisory Council is focused on providing top tier healthcare transactional services to our national and local clients and corporate end users alike, in all sectors of the healthcare industry,” Neville said. “Our national transactional group was formed through interactive discussions which formed initial strategies for collaboration between NAI offices nationwide, as well, establishing new transactional specialty groups that are focused on specific areas of healthcare / MOB sales and leasing.”

All participating NAI members are qualified to actively participate in the newly formed healthcare group, Neville said. NAI Global approved the new healthcare transactional platform as the newest council within the global network.

Neville’s appointment occurred before last week’s 2025 Global Convention in Miami at the Loews Miami Beach Hotel. The initial Healthcare Council kick-off took place with a Healthcare Break Out Session at the convention. More than 90 healthcare specialists participated in the discussion and another 30 plus agents joined in remotely from around the U.S.

The presentation and meeting provided details of the organizational structure with regional participation. As a group it shared unique perspectives and insights regarding client criteria, growing the platform, and preferred investment strategies throughout the U.S., Neville said.

The six-person investment sales team at NAI Horizon put the new transactional platform together; each will take regional coordinator roles over the next year to facilitate transaction activity. Also assisting were participating NAI members around the U.S.

“The established regional format is designed to better coordinate national efforts to build consistent and recognizable branding with CRE sales, leasing and management services,” Neville said. “We are utilizing existing strategies and proceeding forward with modified best practices with specific purpose to grow NAI Global healthcare relationships through increased volume of sales and leasing transactions around the U.S., to gain market share on other national CRE healthcare competitors.”

Neville possesses more than 38 years of diversified real estate experience focused on investment sales, portfolio leasing and site selection. Areas of expertise include disposition, acquisition, competitive bid process, underwriting and land sales.

As Managing Director, Neville serves in multiple leadership capacities at NAI Horizon. He is an Executive Committee Member and has served on the Board of Directors of NAI Horizon since 2015. Neville is responsible for recruiting and training at NAI Horizon.

For more information about healthcare opportunities at NAI Horizon, please contact Neville at lane.neville@naihorizon.com .

About NAI Horizon

Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, 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 325 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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 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 throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.

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by Jan 29, 2025
Wespac Residential to break ground on multifamily development in Scottsdale

Wespac Residential to break ground on multifamily development in Scottsdale

News & Updates

by | Jan 22, 2025 | News & Updates

     PHOENIX, ARIZONA — Wespac Residential, Inc., a division of Wespac Construction, is excited to announce the upcoming construction of a dynamic new multifamily development project in Scottsdale.

Located at the SWC of Scottsdale Road and Gold Dust Avenue, this thoughtfully designed, 215-unit development will transform the 4.7-acre site into a vibrant residential and mixed-use community. Construction will begin in December, and completion is expected in early 2027. The project will feature a mix of one-bedroom and two-bedroom units.

Residents will enjoy 10,000 SF of indoor amenities set to elevate community living and 20,746 SF of outdoor amenity spaces. The property will offer underground parking, a landscaped community space, a stunning pool and spa area, a designated yoga space, and a fitness center.

“This project reflects Wespac’s commitment to and expertise in building communities that enhance Scottsdale’s residential landscape,” said Mike VanEynde, Senior Project Manager for Wespac Residential, Inc.

     In addition, a community enhancement project will add two fully landscaped courtyards at Chaparral High School to enhance the students’ outdoor learning environment. Wespac Residential, Inc. looks forward to breaking ground on another transformative project with partners High Street Residential, Trammell Crow Company, and ESG Architecture, which will help us shape a vibrant new chapter for Scottsdale multifamily living.

About Wespac Construction

Established in 1991, Wespac Construction, Inc. is a general contracting and construction management firm, offering preconstruction and construction services in a variety of market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. www.wespacaz.com

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by Jan 22, 2025
Wespac Residential begins infrastructure work for Liv Sky Cottages housing development in Flagstaff

Wespac Residential begins infrastructure work for Liv Sky Cottages housing development in Flagstaff

News & Updates

by | Jan 10, 2025 | News & Updates

FLAGSTAFF, ARIZ. (Jan. 10, 2025) – Wespac Residential, Inc., a division of Wespac Construction, is proud to announce the commencement of infrastructure work for the highly anticipated Liv Sky Cottages housing development. This transformative project in the Timber Sky community will provide a sustainable living environment with state-of-the-art amenities and environmentally conscious design.

Wespac’s scope of work for this project spans 32 acres and includes comprehensive grading, earthwork, utility installation, concrete paving, landscaping, and site fencing. The infrastructure package also incorporates off-site roadway improvements, such as adding half-street extensions along US Route 66 and Woody Mountain Road, enhanced pedestrian access, and sidewalk extensions to integrate the development seamlessly with its surroundings.

Additionally, Liv Sky Cottages will uphold Flagstaff’s commitment to preserving its unique environment by adhering to International Dark Sky standards, ensuring minimal light pollution.

Liv Communities will develop and operate this project, bringing its expertise in creating vibrant and community-focused living spaces to Flagstaff.

The Sky Cottages development plan includes 203 residential units designed to meet a variety of housing needs: 117 one-bedroom, 35 two-bedroom, and 51 three-bedroom homes. A full 10 percent of these units are set aside under the city’s affordable housing policy, ensuring access to quality housing for individuals and families earning below Flagstaff’s median income.

“This project represents Wespac’s commitment to sustainability and community-focused development,” said Tyler Mark, Principal / Vice President at Wespac Residential, Inc. “Our team is thrilled to bring our expertise in construction and infrastructure to help create a living space that represents Flagstaff’s values and vision for the future.”

Construction began in late 2024 and is expected to be completed in summer 2027. Wespac is honored to collaborate with Ardurra Group Inc. and Liv Communities on this transformative development for Flagstaff residents.

 About Wespac

Established in 1991, Wespac Construction, Inc. is a general contracting and construction management firm, offering preconstruction and construction services in a variety of market sectors. From small tenant improvement projects to large shell and master-planned communities, Wespac is a true partner to our clients throughout the entire project lifecycle. We pursue the art of construction, while contributing knowledge, leadership, passion and commitment to every employee, client, and project team. Wespac has offices in Phoenix and Flagstaff, Arizona. www.wespacaz.com

About Liv Communities

Liv Communities helps people live their BEST lives by developing, owning, and operating multifamily, build-to-rent, and 55+ active adult communities. With a focus on thoughtful design, premium finishes, resort-style amenities, and prime locations, Liv Communities creates vibrant neighborhoods that encourage connection, well-being, and a sense of belonging. Residents and team members enjoy extensive opportunities to engage in community activities, fostering meaningful relationships and building a true sense of community. Learn more at LivCommunities.com.

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by Jan 10, 2025
Estrella plans festive groundbreaking at village of Montecito featuring dignitaries, event for kids

Estrella plans festive groundbreaking at village of Montecito featuring dignitaries, event for kids

News & Updates

by | Jan 8, 2025 | News & Updates

GOODYEAR, Ariz. (January 8, 2025) – Consistent with the boom in the West Valley, excitement is building at Estrella as local dignitaries and families will gather for the groundbreaking ceremony of multiple new neighborhoods on Thursday, January 30, in the village of Montecito.

This special event is designed to be more than a typical groundbreaking. It will allow children to “Touch-A-Truck,” a hands-on experience with the earthmoving equipment that will help bring this vibrant community to life.

Estrella, one of the largest master-planned communities in the Southwest, is located in the bustling West Valley, in one of the fastest growing communities in the U.S. – Goodyear. This free event celebrates 508 new homesites coming to the Montecito village from national, award-winning homebuilders Lennar and Richmond American Homes.

Speakers and the official groundbreaking ceremony will kick off the event from 3 p.m. to 3:45 p.m. The “Touch-A-Truck” portion is scheduled to begin at 3:45 p.m. and end at 5:30 p.m.

The event will be held at West Mountain Drive and 184th St. at Estrella in Goodyear. The event is free and features complimentary treats and giveaways for the kids including “kid-sized” hard hats and vests, and even free toy trucks. Treats will include “dirt cupcakes” and much more.

“Estrella is in growth mode. We’ve improved so much — added new parks, neighborhoods and so much more in 2024. But there’s even more happening in 2025 as we prepare more than 500 new homesites coming to Montecito,” said Jeff Zimmerman, Vice President of Development for Estrella Development Company.

“These neighborhoods will have fantastic views and feature five brand new parks; not to mention access to our signature resident community centers, trails, pools, fitness centers, and A+ ranked schools. We have dedicated ourselves to making today’s Estrella more vibrant, fresh, and rewarding for buyers than ever before. With the addition of these new neighborhoods, we’re excited by the momentum at Estrella.” Zimmerman added.

The new neighborhoods will offer a variety of home styles and floor plans to meet the diverse needs and preferences of modern singles, couples, and families.

Nestled in the foothills of the Sierra Estrella Mountains south of I-10 in Goodyear, Estrella is adjacent to the 19,000-acre Estrella Regional Park. Residents have exclusive access to community amenities including two residents’ clubs with resort-style pools, fitness centers, restaurants, a water park area for kids, along with access to a public Championship 18-hole Nicklaus Design golf course.

About Estrella

Home to more than 8,200 families, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella’s 500-plus acres of open space include more than 50 parks and 65 miles of paths and trails, plus 72 acres of lakes for kayaking, sailing, and catch-and-release fishing. Amenities include Starpointe and Presidio Residents’ Clubs, the Yacht Club of Estrella, two fitness centers, resort-style swimming pools, basketball, volleyball, pickleball, and tennis courts. Estrella is also home to a Nicklaus-design Championship golf course, The Golf Club of Estrella. Estrella is owned in a joint venture among Värde Partners, Toll Brothers, and Harvard Investments. For more information about Estrella, please visit estrella.com.

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by Jan 08, 2025
New networking group RISE aims to ignite social energy, growth in Valley’s CRE/AEC community

New networking group RISE aims to ignite social energy, growth in Valley’s CRE/AEC community

News & Updates

by | Jan 6, 2025 | News & Updates

     TEMPE, ARIZ.  (January 6, 2025) – Crystal Pierce, Director of Business Development at FFKR Architects, is pleased to announce the launch of RISE, a dynamic morning networking group specifically designed for professionals in the Valley’s commercial real estate and AEC communities.

With a mission to foster meaningful relationships that ignite social energy and drive professional growth, RISE aims to become the go-to platform for industry leaders seeking to connect, collaborate, and elevate their careers.

“At RISE, we believe that strong relationships are the foundation of success,” Pierce said. “Our gatherings provide a vibrant space where industry leaders, innovators, and enthusiasts come together to share ideas, collaborate on projects, and build lasting partnerships. We create an environment that inspires creativity and connection.”

RISE aims to start the day with purpose and energy and network with like-minded professionals ready to support and elevate each other. Together, RISE professionals can build a stronger, more connected AEC community.

The group meets on the fourth Wednesday of each month from 8:30 a.m. to 10 a.m. The next meeting is January 22, at the offices of FFKR Architects, 58 S. River Drive, #380, Tempe, Arizona, 85288.

Companies interested in hosting a future RISE morning event can contact Pierce at cpierce@ffkr.com or (602) 326-0953.

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by Jan 06, 2025
NAIOP Arizona starts 2025 with new leadership; Phil Breidenbach assumes role as Board Chair

NAIOP Arizona starts 2025 with new leadership; Phil Breidenbach assumes role as Board Chair

News & Updates

by | Jan 6, 2025 | News & Updates

PHOENIX, ARIZ. (Jan. 6, 2025) – The Arizona Chapter of NAIOP, the Commercial Real Estate Development Association, elected officers and board members for 2025.

The 2025 Executive Committee of NAIOP Arizona includes Phil Breidenbach, SIOR, Colliers, Board Chair; Derek Flottum, VanTrust Real Estate, Vice Chair; Jenna Borcherding, VanTrust Real Estate, Programs Chair; Mike Olsen, Globe Corporation, Treasurer; and John Orsak, Lincoln Property Company, Immediate Past Chair.

The new officers will lead the Arizona chapter, which is the fifth largest NAIOP chapter among 55 in the U.S. and Canada with 1,107 members.

“It’s a privilege to lead NAIOP Arizona as 2025 Chair. Congratulations to outgoing chair John Orsak, our board, staff, and sponsors for making 2024 a success. Our members are grateful for your leadership and hard work,” Breidenbach said. “The commercial real estate industry is rapidly evolving. Unprecedented growth, key resource sustainability, political pressure, and everchanging markets continue to challenge our business, but together NAIOP members have the talent, perseverance, and resources to turn challenges into opportunities to grow their businesses, enhance their careers, and thrive as an industry.

“We see 2025 as a year of continued growth and prosperity for commercial real estate in Arizona. The NAIOP Arizona Board and I are honored to play a part in that success,” Breidenbach added.”

Beginning their first 3-year term are Tim Chester, Wentworth Property Company; Adrian Evarkiou, The Boyer Company; Cathy Teeter, CBRE; and Korey Wilkes, Butler Design Group. Josh Tracy with Ryan Companies US, Inc. will serve as the ex-officio representative for the Developing Leaders in 2025.

Continuing board members for 2025 are Chris Anderson, Hines; Chris Burson, Flagstar Bank; Jamie Godwin, Stevens-Leinweber Construction, Inc.; Robert Guerena, GO Industrial; Kevin Miller, Kitchell Development Company; Laura Ortiz, Evergreen Development; Byron Sarhangian, Snell & Wilmer; and Eric Whitehurst, Kimley-Horn.

Several of NAIOP Arizona’s long-time board members roll off at the end of 2024. Cathy Thuringer, Trammell Crow Company, served as Board Chair in 2023 and previously as Treasurer. Jeff Moloznik, RED Development, co-chaired the organization’s comedy show, Thursday Night Live, for several consecutive years. Kate Morris, Transwestern, chaired the Education Committee, and CJ Osbrink, Newmark, chaired Best of NAIOP and co-chaired Thursday Night Live. Tim Colquhoun, National Bank of Arizona, completed his one-year term as the Developing Leader representative on the Board of Directors.

“We’ve just completed a remarkable year for our association. NAIOP remains strong as we implement bold new initiatives to serve our members better,” said NAIOP Arizona President and CEO Suzanne Kinney. “Thanks to the active involvement of our incredible Board of Directors we can deliver best-in-class educational programming, public policy advocacy, and premier events.”

About NAIOP

NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail, multifamily and mixed-use real estate. NAIOP comprises over 21,000 members in North America. The Arizona Chapter is among the largest in the bi-national network with over 1,100 members. For more information, visit naiop.org or naiopaz.org.

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by Jan 06, 2025