azre magazine march/april 2014

2013MARCH-APRIL 2014

RED AWARDS MEET THE 2014RED AWARDS WINNERS

Inside:WestWard Ho:West Valley braces for boomp. 26

tribal tenure:Construction in Indian Country's expansion planp.36

Corenet arizona:Engaging the Enterprisep.44

Pictured: McCord Hall, RED Award Winner for Best Public Project

Buchalter Nemer

In Arizona, please contact

Paul M. Weiser, Esq.480.383.1823

[email protected] North Scottsdale Road, Suite 440

Scottsdale, Arizona 85254-1754

www.buchalter.com

WhenYouNeedDirection

Today’s dynamic commercial real estate environment presents real estate owners, managers, developers, lenders and investors with exciting opportunities. Buchalter Nemer real estate attorneys offer sound professional advice and

guidance, when you need direction.

SEEING RED

This is one of the most exciting times of the year for AZRE. Every January, we ask members of the commercial real estate community to help us fi ll 5-inch binders with nomination forms for the most infl uential, innovative and exciting developments in Arizona over the last 12 months. A few paper cuts and a two-hour voting panel later, and we managed to narrow more than 100 nominations down to three fi nalists in 13 categories.

Th ank you to everyone who submitted projects and came out to the RED Awards on Feb. 26. For more information about this year’s fi nalists, turn to page 54.

In this issue of AZRE, you can read about Michael Pollack, of Pollack Real Estate Investments, and his interesting collection and the time when he traded in his drum sticks and a European tour for a career in real estate.

We also explore the West Valley in this issue, from the marriage of sports venues and hospitality developments (paeg 32) to what’s happening on Loop 303 (page 26). In “Industrial Evolution,” Donna Hogan reports that the West Valley is poised for a land grab (page 30) and how to get a parcel of the action.

Continue on, and you’ll read about construction in Indian country, CoreNet Global Arizona’s new structure and how the Institute of Real Estate Management (IREM) is handling a projected talent shortfall.

Speaking of talent — if you didn’t catch the Brokers for Kids/Agents Benefi ting Children action on Feb. 7, read our recap on page 22. It was a fundraising and gaming event of Olympic proportions. And, if you did go, check yourself out in our photo spread!

Enjoy the book, and congratulations, again, to all of the 2014 RED fi nalists.

2 | March-April 2014

AZRE: Arizona Commercial Real Estate is published bi-monthly by AZ BIG Media, 3101 N. Central Ave., Suite 1070, Phoenix, Arizona 85012, (602) 277-6045. The publisher accepts no responsibility for unsolicited manuscripts, photographs or artwork. Submissions will not be returned unless accompanied by a S ASE. Single copy price $3.95. Bulk rates available. ©2013 by AZ BIG Media. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without permission in writing from AZ BIG Media.

CORRECTION: In the top offi ce leases list in the “Big Deals” section of the November issue, the tenant broker for the Discovery Business Campus was incorrectly identifi ed. It should have listed John Pierson of Jones Lang LaSalle.

President and CEO: Michael Atkinson Publisher: Cheryl GreenVice president of operations: Audrey Webb

EDITORIALEditor in chief: Michael GossieAssociate editor: Amanda VenturaInterns: Jesse Green | Jessica Millard | Sara Parker

ARTArt director: Mike MertesGraphic designer: Shavon ThompsonPhoto Intern: Courtney Pedroza

DIGITAL MEDIADigital manager: Perri Collins Web developer: Eric Shepperd

MARKETING/EVENTSManager: Angela Vaughn

AZRE | ARIZONA COMMERCIAL REAL ESTATEDirector of sales: Steve Koslowski OFFICESpecial projects manager: Sara FregapaneExecutive assistant: Mayra RiveraDatabase solutions manager: Cindy Johnson

AZ BUSINESS MAGAZINESenior account manager: David Harken Account managers: Ann McSherry | Shannon Spigelman

AZ BUSINESS LEADERSDirector of sales: Jeff Craig

RANKING ARIZONA Director of sales: Sheri King

SCOTTSDALE LIVING Director of sales: Marianne Avila EXPERIENCE ARIZONA | PLAY BALLDirector of sales and marketing: Zoe Terrill

AZ BIG MEDIA EXPOSSCOTTSDALE HOME & GARDEN SHOW/MARCHSCOTTSDALE HOME & GARDEN SHOW/NOVEMBERExhibit directors: Kerri Blumsack | Tina Robinson

Amanda VenturaAssociate editor, [email protected]

California loans will be made pursuant to a Finance Lenders Law License from the Department of Business Oversight.

Quality Makes All The

Difference

www.walkerdunlop.com

Quality People | Quality Processes | Quality RelationshipsTHIS IS THE WALKER & DUNLOP DIFFERENCE

Commercial Real Estate Finance


NEXT ISSUEValley PartnershipFinancing Real EstateHealthcare Update

Free AZRE app for android online with this QR code

3101 N. Central Avenue Suite 1070Phoenix, Arizona 85012(602) 277-6045azBIGmedia.com

02 Editor’s Letter06 New to Market Projects in the pipeline

10 Planning & Zoning P&Z updates throughout Arizona

11 Project News 12 After Hours Michael Pollack, Pollack Real Estate Investments

14 Executive Q&A Four faces of industry leadership

16 Big Deals Top sales and leases since December, and the brokers who made them

22 Brokers for Kids26 West Valley Update

36 Construction in Indian Country

44 CoreNet Global Arizona

54 RED Awards Finalists and winners

CONTENTS

FEATURES

On The Cover: McCord Hall; Architect: RSP Architects/Kohn Pedersen Fox Associates

06 1211

22 38

32

COVER


1 | SOUTHWEST COLLEGE OF NATUROPATHIC MEDICINE CAMPUS EXPANSIONDEVELOPER: Axis Developments Inc.GENERAL CONTRACTOR: Axis Developments Inc.ARCHITECT: Cawley ArchitectsLOCATION: 2140 E. Broadway Rd., TempeSIZE: 47K SFVALUE: $9.5MSTART/COMPLETION: January to fall 2014SUBCONTRACTORS: Sharp Creek, Suntec, Re-Create Companies, Bell Steel, Desert Ridge Glass, Pinnacle Plumbing, Alliance Fire Protection, TCK AC and Heating, Phoenix Commercial Electric

Southwest College of Naturopathic Medicine (SCNM) broke ground Jan. 8 on a new 47KSF mixed-use building. Th e $9.5M campus expansion supports the college’s record enrollment numbers, growing patient volume in the medical center and plans to add new degree programs and community classes to match the growing interest in naturopathic medicine. Th e campus expansion will provide space for a larger library, more group and individual study spaces, a café, exercise space and updated classrooms to support lecture and team-based learning. Additionally, SCNM will explore new frontiers in naturopathic medicine with an integrative regenerative healing center for the treatment of pain and a demonstration kitchen for patient and community education.

EDUCATION3 | FRY’S STORE #86 AT SUNDOME CROSSINGDEVELOPER: Brown Grace 6 Investments, LLC and Smith’s Food & Drug Centers, Inc.GENERAL CONTRACTOR: Chasse Building TeamARCHITECT: Perkowitz + Ruth ArchitectsLOCATION: 19403 N. R.H. Johnson Blvd., Sun City WestSIZE: 109,222 SFBROKERAGE FIRM: Land & Fry’s Grocery: Empire Commercial; Retail: Phoenix Commercial AdvisorsVALUE: $9MSTART/COMPLETION: 4Q 2014SUBCONTRACTORS: Rikoshea, Redpoint, G&G Masonry, L R Cowan, Sun Valley Masonry, Universal Piping and CPR Electric.

Fry’s Grocery Store is taking the place of the historic Sundome. Th e design of the store will have wrought iron inserts on the sides of the building that were salvaged from the demolition of the Sundome. A fuel station and new retail shops building will also be housed on this 16-acre site.

4 | THE ANNEXDEVELOPER: Wetta VenturesGENERAL CONTRACTOR: UEB BuildersARCHITECT: Brick & West, LLC and RSP ArchitectsLOCATION: College Avenue and 6th Street, TempeSIZE: 7,323 SFVALUE: $1.2MSTART/COMPLETION: January to August 2014

Adaptive reuse of a 1952 school building into a two-restaurant building with large patios adjacent to College Avenue and across the street from the new College Avenue Commons.

RETAIL

neW to marKet

2 | SEQUOIA PATHFINDER ACADEMY DEVELOPER: Edkey, Inc.GENERAL CONTRACTOR: GCON Inc.ARCHITECT: Hunt & Caraway Architects LOCATION: Eastmark Parkway north of Ray Road in MesaSIZE: 32K SFBROKERAGE FIRM: TitaniumVALUE: $6.8MSTART/COMPLETION: February to July 2014

Edkey, Inc., the parent company of 16 Sequoia Charter Schools, has completed construction plans for the new $6.8M kindergarten through 6th grade Sequoia Pathfi nder Academy at Eastmark, located on Eastmark Parkway north of Ray Road in Mesa. Th e new tuition-free elementary school, which will serve 400 students, is scheduled to open in August for the 2014-15 school year.

7 | THE RESIDENCES AT FOUNTAINHEAD CORPORATE PARKDEVELOPER: Tilton Development Co. and Goodman Real EstateGENERAL CONTRACTOR: Adolfson & Peterson Construction Inc.ARCHITECT: Todd & Associates ArchitectureLOCATION: 55th Street & S. Plaza Drive, Tempe SIZE: 389,314 SFBROKERAGE FIRM: CBREVALUE: $35MSTART/COMPLETION: January 2014 to July 2015

Th e project consists of 322 apartment homes featuring studio, one-, two- and three-bedroom fl oor plans with fl at and loft units contained within four-story buildings with six elevators and surface covered parking spaces. Th e buildings are connected by bridges on multiple levels along with balconies and apartments that span over driveway locations at the third and fourth levels creating portico entry ways on 55th Street and South Plaza Drive. Th e two-story clubhouse anchors the center of the community with top tier amenities, including indoor and outdoor fi re pit areas, clubroom, fi tness area, game room, swimming pool and spa situated within the secluded and lush landscaped grounds of Fountainhead Corporate Park in south Tempe.

6 | JEFFERSON ON LEGACY DEVELOPER: TDI Real Estate HoldingsGENERAL CONTRACTOR: TDI Construction Services LLC (d/b/a Multi Construction Services)ARCHITECT: Architects OrangeLOCATION: 340 E. Legacy Boulevard, Scottsdale SIZE: 306K SFLANDBROKERS: Nathan & Associates on behalf of land seller and Michael Lieb on behalf of buyer. John Cunningham and Curtis Jaggars of Jones Lang LaSalle assisted in arranging the project fi nancing.VALUE: $60MSTART/COMPLETION: 1Q 2014 to 3Q 2015

Th is project phase will bring a 322-unit luxury apartment community within the One Scottsdale master-planned development located at the NEC of the 101 Freeway and Scottsdale Road. One Scottsdale is an 80-acre mixed-use property planned for specialty retail, dining, Class-A offi ce and hotel uses.

5 | MERCEDES-BENZ OF SCOTTSDALEOWNER: Chuck and Anita Th eisenDEVELOPER: Autopilot Development Services LLCGENERAL CONTRACTOR: Johnson CarlierDESIGN ARCHITECT: DAVIS ArchitectureTECHNICAL DESIGN ARCHITECT: Barry R. BarcusLOCATION: 4725 N. Scottsdale Rd., ScottsdaleSIZE: 223,019 SFVALUE: $30MSTART/COMPLETION: 1Q 2013 to March 2014

Mercedes-Benz of Scottsdale offi cially opened at the end of December across from Barney’s at Scottsdale Fashion Square. Th e relocated and newly named Mercedes-Benz of Scottsdale dealership features 115K SF of space on three levels. Th e building was modifi ed from an old offi ce space to accommodate the showroom along Scottsdale Road, full-service shop with fully enclosed service bays, screened lighting, insulated garage doors and a luxurious lounge available for Mercedes-Benz customers. Th e City of Scottsdale says the move will result in a $25M investment for downtown Scottsdale along with 150 new high-paying jobs for the area. Th e new project will also generate millions in new sales tax revenue for the city.

8 | THE LOFTS AT HAYDEN FERRY DEVELOPER: OliverMcMillanGENERAL CONTRACTOR: Adolfson & Peterson Construction Inc.ARCHITECT: Pappageorge Haymes Partners, Todd & Associates ArchitectureLOCATION: 260 Rio Salado Parkway, TempeSIZE: 497K SFVALUE: $40MSTART/COMPLETION: June 2014 to Dec. 2015

Situated on a 3.69-acre site adjacent to Tempe Town Lake, the high visibility development consists of 264 class-A market-rate apartments in four stories of wood-framed structure with two levels of parking below grade. Th e podium will be elevated approximately four feet above grade which will enhance the characteristics of its architecture in addition to lessening the potential of subterranean water issues due to the proximity of the project to the existing lake. Th e site is currently vacant and is part of the Hayden Ferry Lakeside Master Plan, near Arizona State University and the Mill Avenue Entertainment District.

MULTI-FAMILY

neW to marKet

7

www.buesingcorp.com // 602.233.3339 // ROC#200645A



CITY OF SCOTTSDALEThe City of Scottsdale is preparing a zoning ordinance text

amendment and has invited the community for review and comments. Amendments to the text are proposed to update definitions and regulatory language related to terms used to describe a responsible party such as property owner, applicant and other related terms. General cleanup revisions are also proposed to correct section references, eliminate duplication of requirements and improve the overall consistency of the ordinance. The ultimate objectives of this proposal are to add consistency, improve the usefulness of the ordinance and to provide clarity in the language of the ordinance. One meeting, with the public invited, has already occurred in January but others are to be scheduled.

TOWN OF GILBERT As demand for multi-family housing continues to increase

within the Town of Gilbert, town leaders are proposing to tighten restrictions for developers that are considering building apartment complexes in commercially zoned areas. These new restrictions would add a number of conditions that a potential apartment developer would have to meet to get an apartment complex approved in regional commercial zoning. Those conditions would include a requirement to provide a mixture of land uses, such as office or retail commercial, on the proposed apartment parcel or on an adjacent parcel; a requirement that the project be compact or dense by sharing parking with adjacent development; a requirement for pedestrian-orientation or to have pedestrian accessibility, convenience and attractiveness; a requirement to address local transit system connections with facilities for pedestrians, bicyclists and automobile drivers; and a requirement to incorporate attractive public spaces that might include public art and serve as public gathering places. The objective of these newly proposed regulations is to give the town council and the planning commission more flexibility in reviewing any proposed apartment complexes and allowing them the option of rejecting proposed plans if they don’t meet specific new requirements. The proposed new regulations went before the planning commission in January, and members were generally favorable to the new standards but suggested a need for some revisions. The commission will review the standards in a study session and eventually vote on a recommendation, after which the proposal will go to town council for approval or rejection.

CITY OF MARICOPA Recently, the Maricopa City Council approved the

annexation of approximately 850 acres of land owned by a partnership known as Anderson Russell LLC. The property is located south of the Maricopa-Casa Grande Highway and straddles both sides of Anderson Road while extending southward to the Teel Road alignment. This annexation is significant in that it now allows the city the capability to expand to the south by annexation. City officials are already contemplating the annexation of additional properties adjacent to the Anderson Russell property. A general plan amendment has also been approved, changing the property to a master-planned community. Although a portion of the newly annexed property was within the City of Casa Grande’s planning area, an agreement exists between the two municipalities that allow that private landowners within unincorporated areas of the county to be able to choose which city they wish to be annexed regardless of which city’s planning area they are located in.

CITY OF PEORIAThe City of Peoria has recently announced the initiation of

a self-certification pilot program. Qualified applicants to the program must be active Arizona licensed design professionals who have attended the self-certification training offered by the City of Phoenix (phoenix.gov/pdd/topics/scp.html), and have successfully obtained a Building Plans Examiner Certificate from the International Code Council. Through this program, eligible building permits can be issued in as little as three business days. This self-certification program allows qualified professionals to quickly bypass the plan review and examination process by self-certifying a projects compliance with building codes, standards and ordinances. However, the pilot program does not include zoning clearances, parking, signs, fi re, environmental services, landscaping, grading, industrial/utilities, fl oodplain or other land development codes. Th e program was initiated this past January. To learn more of the program’s details, visit peoriaaz.gov/selfcert.

CITY OF BUCKEYE As reported in the September/October 2013 edition of

AZRE, the “Town” of Buckeye is officially now the “City” of Buckeye. In January, the transition was celebrated by more than 200 citizens and city offi cials as the “CITY” portion of the new City Hall sign was unveiled in downtown Buckeye. Th e city’s Mayor Jackie Meck thanked the generations of the community, as well as previous town offi cials whose work would be continued by future city leaders. Meck stated that the city was no longer in the shadows and in fact was working to create shadows of its own.

e P&Z column is compiled by Dave Coble and George Cannataro with Coe & Van Loo Consultants, cvlci.com

pLanninG and ZoninG

11

BELOW: Left, Arizona Mills; Top Right, Hyder II Plan; Bottom Right, Air Transport Components

proJect neWsproJect proJect proJect proJect proJect proJect proJect proJect neWsneWsneWsneWsneWsneWsneWsneWs REVISTING EASY STREETButte Development is revisiting plans for the $90M mixed-use project Easy Street near Cave Creek and Tom Darlington roads. Th e project includes 80 luxury condos and approximately 50k SF of retail and commercial space. Butte is working closely with the Phoenix Art Museum and the town of Carefree to consider a 10K SF satellite museum at the project. Current discussions include an exhibit schedule that rotates seven times per year and a 1,500 SF multipurpose community center. Th e project would be built in two phases. If negotiations with the Phoenix Art Museum and the town of Carefree are successful, Butte hopes to break ground on the south phase of the project by year-end. Phoenix-based Ryan Companies is the general contractor, and Kendle

Design Collaborative in Scottsdale is the design architect.

CLEARED FOR TAKEOFFLGE Design Build completed a 67K SF tenant improvement and renovation project for Air Transport Components in Gilbert. Renovations included the addition of 8KSF of offi ce space strategically located at the building atrium feature, adding signifi cant airline and power distribution, retrofi tting all restrooms, adding a new break room, adding a new roof, all new lighting, all new fl ooring, all new insulation, and exterior modifi cations including paint, parking lot re-seal, and landscaping.

UPSCALE DININGIdeation Design Group remodeled Arizona Mills mall ’s 40KSF food court in Tempe. Th e $4M project launched in spring 2013

and was completed in March. IDG used local material, recycled projects and Arizona companies to execute features, including porcelain tile fl ooring with a whitewashed and black-washed wood plank feel, stacked stone and wood accents, as well as banquette seating, silk plants and custom lighting. Th e developer was Simon Property Group, the general contractor was Verde Building Corporation and contractors included MWM.

SOLAR FLAIRMcCarthy Building Companies completed the install of Hyder II solar plant for Arizona Public Service. Th e plant is on 240 acres in eastern Yuma County and uses 71,000 single-axis tracking photovoltaic panels to generate 14 megawatts of solar energy. Th is is enough to serve 3,500 homes.

RENOVATIONS ON ICETh e Ice Den in Chandler, recently purchased by Coyotes Ice, will close for a $3M renovation process. Th e project will include bringing the building up to code as well as work on the roof and subfl oor. Th e rink will re-open this summer.

UPDATING HISTORYCSM Lodging plans to renovate the historic Professional Building at Central Avenue and Monroe Street into a modern hotel. Th e building, which originally opened in 1932, has a budget of $40M for renovations, which will include 165 guest rooms on 12 fl oors, a 5K SF meeting space, 1,300 SF fi tness center and 8K SF of retail along Central Avenue. Th e project is expected to bring about 100 construction jobs to Phoenix.

aFter hours


MICHAEL A. POLLACK

PRESIDENT — POLLACK REAL ESTATE INVESTMENTS, MESA

BORN AND RAISED: San Jose, Calif. WIFE: Cheryl PollackEDUCATION: San Jose State University

ollack founded his company 40 years ago. Along with its affi liates, Pollack Real Estate Investments has been involved in more than 12 MSF of real estate projects throughout the U.S. He takes pride in being involved in all aspects of real estate including the ownership, management, construction, business negotiations, acquisitions, sales, contracts, fi nance and leasing of various types of company-owned projects.

FAVORITESSPORTS // Football and basketballMUSIC // Rhythm and bluesTRAVEL DESTINATION // EuropeLEISURE ACTIVITIES // Playing drums with my band, Corporate Aff air, and collecting antique pieces, including advertising statues, animated displays and antique slot machines for my Pollack Advertising Museum

WHAT DID YOU THINK YOU’D BE WHEN YOU GREW UP? Either a musician or a real estate developer

OF WHAT PERSONAL OR PROFESSIONAL ACCOMPLISHMENT ARE YOU MOST PROUD? Surviving the 2009 to 2011 real estate meltdown without renegotiating a single loan and paying all my bills in full and on time.

WHAT WOULD PEOPLE BE SURPRISED TO KNOW ABOUT YOU? In 1973, when I graduated from high school I almost went overseas on tour with a band instead of entering the real estate business. After careful consideration, I chose real estate because as a drummer who couldn’t sing very well my future earning ability in music didn’t look as bright as my potential earning ability in real estate. I promised myself back in 1973 that I would return to play the drums when I didn’t have to make a living at it. In 2005, I formed the band Corporate Aff air and we have played more than 100 shows that have included performances at various charity events around the Valley and at the major parades such as Phoenix Electric Light Parade, Tempe Fantasy of Lights Parade and the Fiesta Bowl Parade.

HOW DID THE POLLACK ADVERTISING MUSEUM START? My interest in collectibles actually started when I was about 13 years old. I would go to fl ea markets on Saturdays and buy electric beer signs, repair them Saturday night and then take them to antique stores and sell them on Sundays for a profi t. My favorite story involves a life-size Bosch battery man displaying a car battery. Th e Bosch man was found in what used to be East Berlin after the wall was torn down under a dilapidated building, inside a coffi n. I also enjoy collecting animated Baranger displays and antique slot machines. Th e Pollack Advertising Museum has grown from a few dozen pieces in my basement 40 years ago to a world-class museum with more than 8,000 pieces on display.

WHAT IS THE BEST BUSINESS ADVICE YOU’VE BEEN GIVEN? Always be able to “CYA” — cover your assets!

WHAT ADVICE WOULD YOU SHARE WITH PEOPLE EARLY IN THEIR REAL ESTATE CAREER?If you want to be successful, be willing to work hard, learn all you can about the business you choose and always deal with honesty and integrity.

Photo by Carl Schultz

2 7 A N N U A Lth

VIVA VALLEY PARTNERSHIPGolfTournament

April 11, 2014

REGISTER ONLINEwww.valleypartnership.org

PURCHASE A SPONSORSHIP:AMAZING MARKETING OPPORTUNITY AT A PREMIER INDUSTRY EVENT!

RESERVE YOUR SPOT BEFORE WE SELL OUT!

Sponsorships areSelling Quickly.

Call today!!

business better than anyone. They study their competitors, are in touch with their clients and are always looking for the next opportunity. They are working on the next “big thing” because they are always a student of the business.

Of what prOfessiOnal achievement are yOu mOst prOud?I’m proud that I have built this company, Belfiore Real Estate Consulting, through one of the most difficult recessions this country has ever faced. Of course, I’m fortunate to have had my family, great friends, absolutely phenomenal employees and a core of close clients that helped me do it.

what’s One Of the biggest market changes Or areas Of grOwth yOu predict happening in phOenix’s near future? I believe people are going to be thoroughly surprised at how fast the residential market grows in the next few years. More than 40,000 new jobs are being created in Phoenix annually, driving population gains of 100,000+ each year. These people will need places to live. Last year, homebuilders constructed 12,500 homes; over the course of the next five years, I think the residential market is going to go from 12,500 new homes annually to more than 30,000. This growth is going to create a wonderful opportunity for those in real estate.

what’s the mOst influential prOfessiOnal advice yOu’ve received?Hard work can get you through anything. My mother worked her way out of every bind she had while I was growing up; she has been the single-greatest influence on my life, fighting through every challenge (there were many!) that came her way. While in high school, the hard work theme was further kneaded into my fabric by some close family friends I worked with. These friends, the Taylors, owned an RV park, small motel and restaurant that catered to summertime tourists. Laying concrete, replacing roofs, painting hotel rooms and waiting tables, I learned that hard work and “doing it right the first time” was the clear path to success.

Jim BelfiorePresident, Belfiore real estate Consulting

Years in Cre: 21 Years at Belfiore: 8

what first attracted yOu tO cOmmercial real estate? The diversity in real estate attracted me to the business. No two properties are the same; every project differs because locations differ, the characteristics of structures often differ, and amenities, whether natural or man-made, differ, too. These differences keep the work fresh and fun.

hOw has the industry changed since yOu started? Finance is really different today than it was 20 years ago. If you look deep into how projects take form, in the beginning they are heavily influenced by finance because without financing they are never built. The biggest single influence over growth in the housing market over the next three years will be driven by changes in the finance industry.

what are three qualities Of a great executive? To me, a “great” executive is a great leader. To be a great leader, you must show you are willing to make the tough decisions when they come up. Leaders are charged with determining the direction of the company, creating a productive and healthy company culture and recognizing when a need to change course arises. Great executives are willing to roll up their sleeves and pitch in at every level; they must demonstrate a constant willingness to pitch in to make the company successful, and this means getting their hands dirty. Finally, I believe great leaders know their

leroy BreinholtPresident/designated Broker, CommerCial ProPerties inC.

Years in Cre: 28Years at ComPanY: 28

what attracted yOu tO the industry?I wanted to be a salesman and be in real estate since I was a child.

hOw has the industry changed since yOu started?Technology has increased the pace of the business. You have to be “on your game” more.


executive q&awhat’s the mOst significant deal yOu’ve brOkered?Lincoln Meadows Business Park was my most significant sale at $28.8M for 215,000 SF of buildings with excess land.

what are three qualities Of a great brOker?Responsiveness, respect for others and integrity.

what gets yOu thrOugh tOugh business days?Family, religion and the real purpose of life

what’s the mOst influential prOfessiOnal advice yOu’ve received?Try to work harder and smarter. Don’t compete against others, just try to be the best you can at what you do everyday.

what’s One Of the biggest market changes Or areas Of grOwth yOu predict happening in phOenix’s near future?I believe development and land sales will be the area of growth again as more high tech firms look to relocate or expand into Phoenix.


There’s no such thing as a “small” deal

in this industry, coming out of a recession.

However, it’s the big deals, and the brokers

who make them, that make the market an

interesting one to watch.

In every issue, AZRE publishes the top five

notable sales and leases for a period of 60

days (one month out from publication) based

on research compiled by Cassidy Turley and

Colliers International with CoStar.

TOP 5 NOTABLE LEASES AND SALES (DEC. 1, 2013 TO

JAN. 31, 2014) SOURCE: CASSIDY TURLEY RESEARCH

DEPARTMENT, COLLIERS INTERNATIONAL AND

COSTAR

Chad Tiedman

RETAIL/SALES

1. 100 CENTERPOINT, TEMPE298,954 SF; $57.5MBUYER: JPMorgan Chase & Co.SELLER: Brookfi eld Real Estate Opportunity FundLISTING BROKER: Kevin Calihan, CBRE

2. 5090 BUILDING, PHOENIX175,186 SF; $26.35MBUYER: Lowe Enterprises Real Estate GroupSELLER: CJK InvestmentsLISTING BROKERAGE: CBRE

3. PERIMETER GATEWAY I, SCOTTSDALE230,000 SF; $26MBUYER: Desert Troon CompaniesSELLER: CW Capital Asset Management, LLC

4. SCOTTSDALE FINANCIAL CENTER III, SCOTTSDALE152,077 SF; $24.65MBUYER: Lowe Enterprises Real Estate GroupSELLER: CJK InvestmentsLISTING BROKERAGE: CBRE

5. NORTHGATE CORPORATE CENTRE, PHOENIX131,854 SF; $22.825MBUYER: Griffi n Capital Corp.SELLER: Najafi CompaniesLISTING BROKERAGE: CBRE

OFFICE/SALES

Kevin Calihan

1. MARKET STREET AT DC RANCH, SCOTTSDALE241,280 SF; $37.4MBUYER: Whitestone REITSELLER: DMB & Associates, Inc.LISTING BROKER: Chad Tiedeman, Phoenix Commercial Advisors

2. CANYON TRAILS TOWNE CENTER, GOODYEAR115,145 SF; $23.5MBUYER: TriGate Capital, LLCSELLER: Vestar Development Co.LISTING BROKERAGE: Cassidy Turley

3. CHESTER’S HARLEY-DAVIDSON, MESA38,628 SF; $14.2MBUYER: Capital Automotive Real Estate Services, Inc.SELLER: Chester Real Estate, LLC

4. ARCADIA PLAZA, PHOENIX63,635 SF; $13.7MBUYER: Phillips EdisonSELLER: R J Realty Investors, LLCLISTING BROKERAGE: Strategic Retail Group

5. GILBERT TOWN SQUARE, GILBERT158,727 SF; $13.4MBUYER: BH Properties, LLCSELLER: Torchlight InvestorsLISTING BROKERAGE: Cushman & Wakefi eld

BIG DEALS

1. Warner Business Center, tempe319,389 SF; $40MBuyer: Voit real estate ServicesSeller: ViaWest GroupliStinG Broker: tom richards, Voit

2. 7200 W. BuCkeye rd., phoenix 400kSF; $26.25MBuyer: uBS realty investors, llCSeller: Sealy & CompanyliStinG BrokeraGe: Jones lang laSalle

3. tempe CommerCe Center, tempe177,848 SF; $11.8MBuyer: Presson CorporationSeller: kieckhefer CompanyliStinG BrokeraGe: Cassidy turley

4. san tan teCh Center, tempe129,187 SF; $9.6MBuyer: ViaWest Properties llCSeller: Capital Commercial investments, inc.liStinG BrokeraGe: CBre

5. t-moBile Building44,244 SF; $8.5MBuyer: el Dorado Holdings, inc.Seller: Bixby land CompanyliStinG BrokeraGe: CBre

Tom Richards

industrial/sales

Sean Cunningham

multi-Family/sales

Tyler Anderson

1. sCottsdale springs, sCottsdale644 units;$53.65MBuyer: abacus Capital Group llCSeller: the related CompaniesliStinG BrokerS: Sean Cunningham and tyler anderson, CBre

2. Belarosa, anthem354 units; $40.2MBuyer: Weidner Property ManagementSeller: the Greystone Group, llC/Westfield Company, inc.liStinG BrokeraGe: Hendricks & Partners

3. san marquis, tempe224 units; $32,254,858Buyer: Dewey land Company, inc.Seller: Mark-taylor residential inc.

4. the Coves at neWport, glendale480 units; $30.75MBuyer: Henderson Global investorsSeller: Fannie MaeliStinG BrokeraGe: CBre

5. ranCho santa Fe, glendale270 units; $12,079,419Buyer: Bean investment real estateSeller: Genibel, llCBuyinG Broker: Jack Hannum

17

biG deaLs

1. PIMA OFFICE PAVILION, SCOTTSDALE90K SFLANDLORD: Healthcare Realty Services Inc.TENTANT: Rural MetroLANDLORD BROKERS: Jim Achen, Jr., Bill Zurek, Larry Pobuda, TranswesternTENANT BROKER: Tom Adelson, CBRE

2. PHOENIX PLAZA - TOWER II, PHOENIX55,946 SFLANDLORD: General Electric Capital Corp.TENTANT: AbengoaLANDLORD BROKERAGE: CBRETENANT BROKERAGE: CBRE

3. WESTERN INTERNATIONAL UNIVERSITY, PHOENIX39,424 SFLANDLORD: Anthem EducationTENTANT: The Bryman SchoolLANDLORD BROKERAGE: DAUM Commercial Real Estate ServicesTENANT BROKERAGE: Newmark Grubb Knight Frank

4. ALLRED PARK PLACE, CHANDLER34,945 SFLANDLORD: Mark Krison, Brad Anderson, Mike StrittmatterTENTANT: INSYS Therapeutics Inc.LANDLORD BROKERAGE: CBRETENANT BROKERAGE: Cassidy Turley

5. U.S. BANK CENTER, PHOENIX26,490 SFLANDLORD: Angelo, Gordon & Co.TENTANT: Jacobs Engineering Group Inc.LANDLORD BROKERAGE: Jones Lang LaSalleTENANT BROKERAGE: Cushman & Wakefi eld

OFFICE/LEASES

Jim Achen Bill ZurekLarry Pobuda Tom Adelson


LAND/SALES

No. 2 - Desert Ridge and Pinnacle Peak

1. OCOTILLO, CHANDLER74 acres; $29MBUYER: Standard Pacifi c Homes Inc.SELLER: Ocotillo West, LLCLISTING BROKERAGE: Nathan & Associates, Inc.

2. DESERT RIDGE/TATUM BLVD./PINNACLE PEAK RD., PHOENIX105.72 acres; $28.1MBUYER: Taylor Morrison, Inc.SELLER: Arizona State Land Dept.LISTING BROKERAGE: Land Advisors Organization

3. CITY OF MESA LAND, COOLIDGE1631 acres; $24,467,605BUYER: Pinal Land Holdings, LLCSELLER: City of MesaLISTING BROKERAGE: Nathan & Associates, Inc.

4. EASTMARK, MESA527 acres; $17,080,310BUYER: Meritage Homes, Inc.SELLER: DMB & Associates, Inc.LISTING BROKERAGE: Nathan & Associates, Inc.

5. SCOTTSDALE ONE, SCOTTSDALE13.5 acres; $14.5MBUYER: TDISELLER: DMB & Associates, Inc.LISTING BROKERAGE: Nathan & Associates, Inc.

Building Successful Arizona Projects for 27 Years

480.497.2300 • fax: 480.497.9610 • www.bjerkbuilders.comLicense B1-088897

ReputationA contractor’s reputation for excellence builds by completing projects on time, within budget, and by continually exceeding expectations.

Reputation-HalfPg-112213_Layout 1 11/22/13 2:13 PM Page 1

19

biG deaLs

Brad Douglass Chris Hollenbeck


1. 1150 N. FIESTA BLVD., GILBERT83,825 SFLANDLORD: LBA RealtyTENTANT: Curtiss WrightLANDLORD BROKER: Mark Krison, CBRETENANT BROKERAGE: Mohr Partners

2. 4025 S. 32ND ST., PHOENIX80K SFLANDLORD: Douglas Allred CompanyTENTANT: Asurion CorporationLANDLORD BROKERAGE: Cushman & Wakefi eldTENANT BROKERAGE: CBRE

3. 5107 N. 51ST AVE., GLENDALE40,106 SFLANDLORD: Harrison PropertiesTENTANT: Avanti IndustriesLANDLORD BROKERAGE: Harrison PropertiesTENANT BROKERAGE: Cassidy Turley

4. GLEN HARBOR BUSINESS PARK, GLENDALE40,081 SFLANDLORD: Jack Berg Family LPTENTANT: Ettico ConstructionLANDLORD BROKERAGE: Lee & AssociatesTENANT BROKERAGE: Lee & Associates

5. AVONDALE COMMERCE CENTER - PHASE I, AVONDALE39,399 SFLANDLORD: CapitalSource BankTENTANT: AmwareLANDLORD BROKERAGE: Cassidy TurleyTENANT BROKERAGE: Sperry Van Ness

1. NORTHERN LIGHTS CENTER, GLENDALE27,780 SFLANDLORD: CIRE PartnersTENTANT: Stardust Nonprofi t BuildingLANDLORD BROKERAGE: Chris Hollenbeck and Brad Douglass, Cassidy TurleyTENANT BROKERAGE: Martin Leon, De Rito Partners

2. MONTEREY VISTA VILLAGE, CHANDLER29,280 SFLANDLORD: Keith-Pecos, LLCTENANT: Xtreme Air Jump N SkateLANDLORD BROKERAGE: Cassidy TurleyTENANT BROKERAGE: Capital Asset Management

3. ROSS DRESS FOR LESS, PHOENIX25,840 SFLANDLORD: 53rd & Is LLCTENANT: Ross Dress for LessLANDLORD BROKERAGE: Red Mountain Retail GroupTENANT BROKERAGE: Western Retail Advisors

4. SOUTH POINT PLAZA, TEMPE28,850 SFLANDLORD: MCS South Point PlazaTENANT: GoodwillLANDLORD BROKERAGE: Strategic Retail GroupTENAT BROKERAGE: Velocity Retail Group

5. ARROWHEAD TOWNE CENTER, GLENDALE18,321 SFLANDLORD: Phoenix Rolling Hills, LLCTENANT: Furniture Warehouse Factory DirectLANDLORD BROKERAGE: De Rito Partners

Mark Krison

INDUSTRIAL/LEASES RETAIL/LEASES

DE RITO PARTNERS’ TOP PRODUCERS 2013

BILL BONES

MARTIN LEON

PAUL SERAFIN

MATT MORRELL

MICHAEL McWILLIAMS

De Rito Partners, Inc. has grown to become one of the largest brokerage firms in Arizona specializing in retail. The company has over 30 seasoned brokers dedicated to landlord representation/project leasing, tenant representation, investment sales and acquisitions. Exclusively representing more than 200 shopping center owners and over 60 national and local retailers, De Rito Partners, Inc.’s brokerage professionals provide innovative real estate solutions to fill vacancies and place tenants in ideal locations. De Rito Partners, Inc. also helps investors achieve the best value when acquiring land and assets and assists those looking to dispose of property by finding qualified buyers and negotiating the highest achievable rate.

ABOUT DE RITO PARTNERS

PARTNER WITH ARIZONA’S RETAIL EXPERTS! 3200 East Camelback Road, Suite 175, Phoenix, Arizona 85018 www.derito.com480.834.8500

THANK YOU FOR MAKING 2013 A SUCCESS FOR TEAM DE RITO!

If real estate professionals know how to do something well, it’s handle competition. For the last 16 years, hundreds of local brokers worked year-round to raise donations for charity. Th en, they set aside fi ve hours from their busy schedules to really tough it out in bouts of jumbo Jenga and bocce ball.

On Feb. 7, 600 brokers, agents and industry supporters competed in a picnic game Olympiad at Tempe Beach Park. Th is year’s event, hosted by Active 20-30 Club of Scottsdale, included bocce ball, football toss, basketball shootouts, jumbo Jenga and corn hole. Finalists in the commercial and residential divisions squared off in a dodgeball tournament, with the winners taking home bragging rights until next year.

Th e real estate community is resilient. Even amidst the fi nancial meltdown, when many teams were downsizing, going bankrupt or couldn’t aff ord to participate, and charity was among the least of their concerns, Brokers for Kids participants managed to raise $100,000. For the fi rst time since the event was founded 16 years ago, the annual Olympiad has included residential agents (whose similar annual fundraiser, Agents Benefi ting Kids, has rolled over into BFK). Event chairman Mike Coy said the idea occurred to organizers about two hours after the 2013 event wrapped up.

“We immediately started talking about next year’s event,” Coy said. “Operationally, [Agents Benefi ting Children] is very similar to what we’re already doing. It was a natural evolution.”


broKers For Kids

A CAUSE WORTH

COMPETING FOR

VALLEY BROKERS, AGENTS GET COMPETITIVE

FOR CHARITY By AMANDA VENTURA

Photos by COURTNEY PEDROZA/AZ BIG MEDIA

Th e economy has picked up, and it’s evident in the fi nal tallies. Teams raised $365,000. Fifty commercial teams competed, and 10 company teams represented the residential side of the business.

Commercial fundraising benefi ted Boys Hope Girls Hope, which places intelligent kids in less fortunate family situations into supervised homes and enrolls them in preparatory schools. Residential fundraising benefi ted Th e Care Fund, which will use 100 percent of the event donations to grant mortgage or rent to Arizona families with children

with extended illnesses or injury. Th e Care Fund reported DPR’s Kyle Keller’s Team raised

more than $10,000 this year, which also saw 80 new competitors from residential real estate brokerages. A spirit award for Agents Benefi ting Children was awarded to Ty Lusk of Keller Williams, who raised more than $4,000 in a raffl e mixer and auction. On the commercial side, Caretaker Landscape’s Dena Jones and Mischelle White took home the award for raising $9,147 by hosting an “all in for kids” charity poker tournament.

GO BIGMake azBIGmedia.com your new home page for news

I N C O M M E R C I A L R E A L E S T A T E

azBIGmedia.com24 | March-April 2014

LAST YEAR:$352,000 raised

500 people36 teams

THIS YEAR:$365,000 raised

600 people34 CRE teams16 RE teams

BROKERS FOR KIDS:Olympiad Winner: W.M. GraceBrokers For Kids Cup: Cole Real EstateSpirit Award: Dena Jones with Caretaker Landscape

BFK & AGENTS BENEFITING CHILDREN:Olympiad Winner: Team NextGen of Keller Williams Jason SebringBrokers For Kids Cup: Cole Real EstateBFK Spirit Award: Dena Jones & Mischelle Arreca with Caretaker LandscapeAgents Benefi ting Children Cup: DPR RealtyABC Spirit Award: Ty Lusk with Keller Williams

Opposite: A competitor attempts a shot to advance his team to the finals. Above: Upper left, Teams toss bean bags across the Baggo courts; lower left, CPI team captain Chad Neppl, Trent Rustan, Jason Price, Tiffany Armenta-Birdwell and Brian Ruddle at the football toss; right, Company teams put their site selection skills to good use at jumbo Jenga.

broKers For Kids

GO BIGMake azBIGmedia.com your new home page for news


azBIGmedia.com

Clumps of curved freeway fragments balancing on massive pillars of concrete resemble a giant modern art sculpture greeting Interstate 10 travelers through the far West Valley of the Phoenix Metro.

Later this year, those “art” segments will gel into a multi-level interchange linking the I-10 and the Loop 303, and launch the area’s burgeoning commercial development into warp speed.

Th e new interchange “will be a game changer,” said Kevin Czerwinski, president of Merit Partners, broker for the 1,600-acre, master-planned business park PV303, which straddles the confl uence of those roadways and stretches north along the Loop 303 to Camelback Road.

For nearly a decade, the West Valley, loosely defi ned as everything west of Interstate 17, has been quietly emerging as the metro area’s hotbed for commercial development. It has been fueled by dwindling East Valley land availability and aff ordability and better transportation access. After completion of the Loop 101, developers quickly gobbled up land along the freeway for homes, shops and businesses. Th en they continued the westward expansion.

Now the Loop 303 is off ering another close-in frontier and shovel-ready options for new and growing businesses to expand or set down roots in the metro area. Th e nearly completed semi-circle of highway linking the I-10 and the I-17 will provide a high-speed route to northern states, bypassing metro area traffi c congestion — a boon to companies like Dick’s Sporting Goods, which recently completed a 720,000 SF distribution center in PV303 to service its Western U.S. stores, Czerwinski said. And to other retailers such as Macy’s, TJ Maxx/Marshall’s and Target, e-commerce giants such as Amazon, and high-end manufacturers such as Sub-Zero and Cookson Doors that ferry lots of merchandise intra- and inter-state.

It’s more than just big-box industrial sites popping up in the West Valley.

Acres of farm land or empty desert hide the fact that in the


HEADED FOR A BOOM,

Greg Vogel

Jeff Mihelich

John Graham

Sheri Wakefi eld-Saenz

Kevin Czerwinski

Justin Miller

offi ces of forward-thinking developers and savvy city economic strategists, there are detailed plans for offi ce, light industrial and retail centers, medical complexes and regional malls to be built on that un-shoveled land.

“Th e West Valley’s day is coming,” said John W. Graham, president of PV303 developer Sunbelt Holdings.

Sunbelt was a big player in the East Valley boom of the 1990s and early 2000s, developing residential communities from McDowell Mountain Ranch in Scottsdale to Power Ranch in Gilbert and mixed-use complexes such as Hayden Ferry Lakeside in Tempe. Graham says the same scenario is playing out west of Phoenix now. Land Advisors CEO Greg Vogel compares Goodyear today to Gilbert of a decade ago.

West VaLLeY update

By DONNA HOGAN

HEADED FOR A BOOM, THE WEST VALLEY IS READY TO GO

First came the housesAs available and affordable East Valley

land dried up, a spate of residential building in well-designed West Valley communities such as Vistancia, Estrella and Verrado have attracted home buyers at all price points, Vogel said.

A whopping 35 to 40 percent of Phoenix metro area residents now live in the West Valley, Vogel said. And all those people need places to shop, bank, and find medical care.

“Residential drives everything,” he said. Now supermarket-anchored shopping

centers and big-box power centers are springing up, two regional malls are on the drawing board, and spec office buildings are breaking ground — despite Valleywide office vacancy rates topping 22 percent. The completion of the Loop 303 interchange will accelerate that trend as it eases drive time for those who work in Phoenix but live in the far West Valley — or want to, Vogel said.

Goodyear, which is in the enviable location at the foot of the new interchange, has been proactive pitching its bounty. That includes PV303 and Goodyear AirPark, a 267-acre, shovel-ready business park at Litchfield Road and Highway 85, said Sheri Wakefield-Saenz, the city’s development services director. And Wakefield-Saenz expects Westcor’s long-planned 1.1 MSF Estrella Falls regional mall to start ringing up sales — and sales tax — in 2016. Wakefield-Saenz predicts that even more executive offices, high-end retail and high-quality manufacturing businesses will clamor for space in Goodyear during the next decade because of the in-place infrastructure and the educated workforce already living there.

Farther north in Surprise, the story is similar. In 2008, Sands Chevrolet

built the first dealership in Prasada, a 4-square-mile, mixed-use development straddling the Loop 303. Now car buyers can shop at eight different dealerships at 303 AutoShow. And more are coming, said Jeff Mihelich, Surprise’s assistant city manager in charge of the Community and Economic Development Department. Neighborhood shopping centers are in the ground or on the drawing board as well, and another regional mall is pegged to land in Prasada, although no date has been announced.

But Mihelich doesn’t want to just provide shops and services and ease the daily commute for Surprise residents. He wants to lure more quality office and industrial employers so that residents can live, work and play in their hometown. Five years ago, Surprise reorganized its economic development department and goals to focus on becoming a major employment base, “concentrating on head-of-household jobs — people who will buy homes, go to restaurants,” he said. Major strategies included streamlining approval processes, persuading developers to pre-plan projects and build infrastructure before target tenants showed up, encouraging spec building, and aggressively marketing all those attributes, Mihelich said. That positions Surprise to take advantage of pent-up business expansion plans as the recent recession wanes, he said.

“When companies are expanding, they often have contracts in hand,” he said. Having property ready to build on can mean the difference between landing or losing a major employer, he said.

optimistm abounds

That optimism and pre-planning is not just happening in Goodyear and

Surprise. Thanks to a wealth of available and affordable land, developers are eyeing West Valley cities from Avondale and Buckeye to Peoria and Glendale as future business hubs.

The Alter Group teamed up with property owner John F. Long to take advantage of the area’s growing popularity among home builders and buyers by developing three major business parks to attract employers. Algodon Center is a 1,000-acre mixed-use campus in Avondale and west Phoenix, Aldea Centre is a 150-acre business park at 99th Avenue and Bethany Home Road, and the 229-acre Copperwing Business Park is adjacent to Glendale Airport. All three have infrastructure and zoning in place and the flexibility to accommodate Class-A, back-office and light manufacturing operations, said Justin Miller, Alter Group vice president.

“The West Valley is a big component of our future,” Miller said. “It’s an area that Corporate America can use and expand because of the abundance of land.”

He’s not concerned about high office vacancies in the metro area. The easy commute for all those road-weary West Valley residents and shovel-ready land are compelling draws for big and small employers as they ramp up their businesses, he said. Valley dwellers who haven’t ventured west of the I-17 for years might be surprised to see the explosive growth.

“If people have not been to the West Valley in a while, they should come and take a look at us,” Mihelich said. “It’s truly a robust market. People outside of Arizona are noticing.”

Photo of Loop 303 construction, courtesy of ADOT.

27

Scottsdale

BRING THIS FOR

FREE ADMISSION

For more information: 602.277.6045 or EXPOSAZ .COM

Saturday, March 29 • Sunday, March 30

Saturday, March 29 10am-5pmSunday, March 30 10am-4pmSPRING

16601 N. Pima Rd.Scottsdale, ArizonaWestWorld In the NEW air conditioned

Tony Nelssen Building

ScottsdaleSuperExpo-Shopping-1/2H.indd 1 2/26/14 3:57 PM

azrefullpg_steppingstones_mar2014.indd 1 2/26/2014 11:57:28 AM


azrefullpg_steppingstones_mar2014.indd 1 2/26/2014 11:57:28 AM

Dick’s Sporting Goods built a 720KSF distribution center in Goodyear to service its West Coast stores.

A California-based investor erected a 400KSF spec shell in Surprise’s Southwest Railplex business park.

Corporate giants, Macy’s, Amazon, Sub-Zero, Marshall’s/TJ Maxx, Southwest Products and WinCo have landed or expanded their vast West Valley industrial operations within the last two years.

Even more companies are eyeing potential stakes in the burgeoning industrial parks springing up in once sleepy bedroom communities west of Phoenix.

With the recession in their rear-view mirrors, local, national and international companies are revving up manufacturing and distribution operations, and the West Valley is poised to be a big benefi ciary of their expansion plans.

Available and aff ordable land, a deep labor pool, business-friendly state and local governments and top-notch transportation corridors contribute to the West Valley’s desirability, said Justin LeMaster, Cushman & Wakefi eld's director for industrial properties.

Farsighted developers are already master-planning vast spreads of land, setting up infrastructure and even building large-scale spec structures that can accommodate another industrial giant or get sliced and diced to accommodate several smaller operations.

Th e developers — along with city and state economic development specialists — want their properties primed to snag the business when the lookers become movers, LeMaster said.

“Smart, creative developers will make the West Valley a

successful high-growth market for years to come,” he said.Th e numbers confi rm the trend.An impressive 4.5 MSF — nearly 94 percent of the metro

area industrial construction started or completed in 2013 — is in the West Valley, according to Jones Lang LaSalle’s Q4 Industrial Report.

Q4 absorption was 1.96 MSF, and only 15.3 MSF of the West Valley’s 90.7 MSF total industrial inventory was still available at year's end.

Nevertheless, 4.5 MSF is a signifi cant amount of new inventory for a post-recession market, and, in fact, it boosted Valleywide industrial vacancy rates above 12 percent.

Industry experts aren’t worried. “Th e new, grown-up, industrial tenants coming to market

right now are looking for 300KSF, 400KSF and above,” said Anthony Lydon, Jones Lang LaSalle managing director for Supply Chain & Logistics Solutions.

Less than half of the West Valley’s available space meets that criteria, and a few big employers could snatch that up in a fl ash, he said.

Like LeMaster, Lydon expects that to happen sooner rather than later.

“Over the next 24 to 36 months, the Valley, and the West Valley in particular, will see signifi cant new job creation,” he said.

So what makes the West Valley suddenly so attractive to the industrial users?

“Economics and location,” said Pat Feeney, CBRE senior vice president for industrial services.


WEST VALLEY POISED FOR A LAND GRABindustriaL eVoLution

By DONNA HOGAN

West VaLLeY update

Cost is keyOf the metro area’s three major

industrial hubs — the airport area, the Tempe/Chandler corridor and the West Valley — the first two are nearly out of developable land, Feeney said. And scarcity makes that land pricey, especially for a large user.

A skilled and diverse labor force that moved west when the home builders did is another major factor, he said.

“Nearly 70,000 people live in Goodyear, but only 14,000 or 15,000 work in Goodyear,” Feeney said.

When big employers like Sub-Zero, Amazon and Macy’s held job fairs for their new West Valley digs, they typically attracted eight to 10 qualified applicants for every position, he said.

“They all shared that they were so happy they could pick the cream of the crop,” Feeney said. “It’s a really big draw.”

Staffing a large warehouse is a major economic concern, especially for companies with labor-intensive, e-commerce picking systems, said David Krumwiede, executive vice president for Lincoln Property Company, which owns 6 MSF in its four-state Desert West Region, 2.4 MSF of that in the West Valley, including Goodyear AirPark and 10 Lincoln.

Arizona’s main competition for the big industrial users looking to establish or expand operations in the West is California’s Inland Empire, Krumwiede said.

While the Inland Empire’s construction costs are comparable to Arizona’s, labor

costs in Arizona, a right-to-work state, are much lower, he said.

“We are extremely competitive with California’s Inland Empire if a user has more people than trucks,” Krumwiede said.

And big energy consumers, such as companies employing sophisticated e-commerce logistics technology, can save as much as 30 percent to 40 percent in operating costs by locating in Arizona instead of California, Lydon said.

But possibly the biggest economic incentive for many industrial users is Arizona’s much more favorable tax basis, Krumwiede said.

All of the West Valley’s large planned business hubs have designated areas that are Foreign Trade Zone capable, and that’s a big selling point for companies that do significant international business in parts or products, Krumwiede said.

“If a company qualifies, it can see a 72 percent reduction in property taxes,” Feeney said. “It’s a tremendous benefit.”

And a benefit none of the nearby states can offer, he said.

Such issues make Arizona, especially the West Valley, where land is available and affordable, a clear economic winner over California.

LoCation, LoCation, LoCationSecond only to the West Valley’s

attractive economics, is its advantageous location, less than half-a-day’s drive from the southern California ports — a major consideration for retailers and

e-commerce leaders like Amazon, as well as manufacturers like Sub-Zero, according to the experts.

“If you can get out of traffic and get closer to the ports in Los Angeles and Long Beach, you can make that in six hours,” said Rob Martensen, Colliers International vice president.

That means truck drivers can log a round trip and still stay within federal guidelines regarding length of time on the road, a feat not so easy to accomplish from the East Valley.

And for companies distributing products regionally — Macy’s or Dick’s Sporting Goods, for example — the completion of the Loop 303 will forge the final freeway link that can speed trucks to and around cities and states north and west of Phoenix.

“It will open the gateway,” LeMaster said. “Companies want to be in Phoenix, and the West Valley will be the industrial hub of Phoenix with the (Loop 303/I-10) interchange.”

Overall, the combo of favorable attributes will ensure the West Valley lands on the short list for large and small industrial users for the next decade or so, Krumwiede said.

“The companies that are already out there — Amazon, Target, Costco, PetSmart, Staples, Macy’s — are all household names. It’s a great start. We’ll see more of those,” he said.

“My vision is that a lot of that vacant land will be put into production in the next five to 10 years.”

David Krumwiede

Rob Martensen

Pat Feeney

Justin LeMaster Tony Lydon

31

CAPTION:

The Valley is already home to the largest concentration of Major League Baseball fi elds, used during the Cactus League Spring Training, but even more sporting venues are breaking ground and with them a variety of mixed-use retail, hospitality and multi-family developments. USA Place, Avenue Shoppes at P83 and Riverview Park are such milestone investments in the Valley. Between the three projects, more than three-quarters of a billion dollars is coming out of the ground next to major sports venues. Th ere’s something to be said about the generating return of investment when a few months of star-quality use also needs to spur another eight to 10 months of revenue.

Th e key behind the three projects is that developers are focused on what happens when USA Basketball and Major League Baseball Spring Training games are not fi lling the stadiums. It’s the “off -season” activities that return the investment and ensure successful revenue streams. Th ese are “they’re coming; now we can build it” developments. However, each has its own business plan for success.

A SLAM DUNK FOR DEVELOPERSVALLEY SPORTS VENUES A SLAM DUNK FOR DEVELOPERS

By ERIC JAY TOLL

ABOVE: USA Place includes a 390-room Omni International hotel, 65KSF events center and exhibit hall, 545 Class-A apartments, 180KSF of street level retail, 240KSF of office space and underground parking. Courtesy of Concord Eastridge.

a citY buiLt around a campusWhen USA Place, the largest of the trio,

broke ground in February, it became the second-largest Phoenix Metro project under construction. Its $450M price tag is second only to the nearby $600M Marina Heights project. Designed by Future Cities, one of the development partners, and Architekton, the single-phase project is being built by Turner Construction. CBRE is handling the offi ce and residential leasing; Cushman & Wakefi eld is leasing the retail.

Th e joint venture that is USA Place LLC is run by Scottsdale-based Concord Eastridge. CEO Susan Eastridge says the project is the ultimate urban mixed-use development. Located on the future Tempe trolley line, USA Place is the new home to USA Basketball and Arizona Interscholastic Athletics. When it comes to fi lling the venue, AIA and landlord Arizona State University are the ones who will keep the 65KSF events center fi lled 10 months of the year. Eastridge says there are already 200 events a year locked into the facility.

“Th is is a community where people can literally live, work and shop,” explains project manager Alisa Cutright-Th ompson. “We have retail shops, apartments for professionals, the

Alisa Cutright-Thompson

Susan Eastridge


For sponsorship and advertising information,call 602.277.6045

Nominations for candidates are being accepted at:

Reserve your spot in this in-demand magazine early!Market your products & services to Arizona’s

most influential professionals in commercial real estate.

Candidates will be judged based upon their accomplishments, responsibilities and industry involvement over the past three years.

• Attorneys

• City Planners

• Property Managers

• Economic Developers

• Brokers

• Financiers/Accountants

• Developers/Investors

• Architects/Engineers

• General Contractors

• Subcontractors

• Up-and-Comers

NOMINATIONS FOR PTKBEGIN JUNE 1ST

MAGAZINE.COM

West VaLLeY update

For sponsorship and advertising information,call 602.277.6045

Nominations for candidates are being accepted at:

Reserve your spot in this in-demand magazine early!Market your products & services to Arizona’s

most influential professionals in commercial real estate.

Candidates will be judged based upon their accomplishments, responsibilities and industry involvement over the past three years.

• Attorneys

• City Planners

• Property Managers

• Economic Developers

• Brokers

• Financiers/Accountants

• Developers/Investors

• Architects/Engineers

• General Contractors

• Subcontractors

• Up-and-Comers

NOMINATIONS FOR PTKBEGIN JUNE 1ST

MAGAZINE.COM

events center, meeting space and a hotel in a single urban complex.”

“We’re building something that ASU and Tempe have wanted — a class-A hotel and mixed-use community,” says Eastridge. “Th e AIA will fi ll the center with more than 200 events per year. Conferences and meetings from the hotel will fi ll the rest. Th e residents will connect with the shops.”


Aerial View from 83rd Avenue

Date: November 25, 2013

mesa ‘ViLLe pLans Year-round action“Th is is new money in the market, and it’s a destination

with both regional and local opportunities,” says Mesa Mayor Scott Smith about the showcase Cubs Park and hometown Riverview Park complex nestled against the Loop 101 and 202 freeways in northwest Mesa. “It’s the anchor for a lot of activity,” he adds. “Wrigleyville’s hotel and shops provide an opportunity for conferences and sports events.”

Th e city invested more than $90M into Cubs Park and another $30M into the recreation and sports facilities at Riverview Park. Structures, Inc., and Powers Hotel Corp. will build a full-service Sheraton Hotel next to Cubs Park, along with 20K SF of retail space in the fi rst phase.

Construction starts this summer and developer Bob Yost expects it to be completed in time for the Super Bowl. Structures Inc., with Yost as CEO, is handling the design-build. It’s estimated that the hotel-retail project will cost more than $60M, but no one from Structures would confi rm the price tag.

a Venue For WestsidersOne of the largest projects in the West Valley will be the

$150M mixed-use retail and hospitality development called the Avenue Shoppes at P83. Anchoring the main gate of the Peoria Sports Complex, the project brings life to the P83 entertainment district the city is trying to create.

“Th is is going to be a destination,” says Peoria Sports Park LLC managing member Michael Oliver. Th e Peoria-based developer says his personal experience is what led to the vision for the facility. “Th ere are no entertainment and shopping destinations in Peoria. We’re going to anchor this with a complex that is in a category falling between Scottsdale Fashion Square and Kierland Commons. It will be a place to go and stay, not just shop and run.”

Th e development includes city-funded parking garages and a 140-room, high-rise hotel. Not including the rooftop bar, there are 245K SF for restaurants and shopping. PSP is looking at a major fl ag for the hotel, which will be set on top of the retail complex on city-owned land.

Th e Avenue Shoppes will start construction in the next year and is estimated to costing $150M. Michael Baker Jr. Inc. is handling design duties; a contractor has not been selected. CBRE is consulting on leasing.

ABOVE: The high-rise, full-service hotel- and tallest building in Peoria- will have 140 rooms and likely carry a Hilton brand. The restaurant-retail complex will include more than 245KSF in space. The city is paying $30M for the twin parking garages that PSP LLC will build. Avenue Shoppes at P83. Courtesy of Peoria Sports Park, LLC.

ABOVE: The Cubs Park stadium has touches of Wrigley Field. The bricks behind home plate and the scoreboard are replicas of the same facilities at the Chicago ballpark. The Sheraton Hotel and Wrigleyville will be east of Cubs Park. Photo by Eric Jay Toll

ABOVE: A site plan of The Avenue Shoppes at P83, a $150M mixed-use retail scented near the Peoria Sports Complex. At 245K SF, it’s one of the largest developments planned for the West Valley.

marriot_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" €$€£¥₩฿руб≠marriot_light_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_med_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_med_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_bold_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?åç´ƒ©˙ˆ˚¬µ˜øœ®ß†¨¥`¡™£¢§¶•ªº–“‘«…æ÷ ÅıÇÎ´Ï˝ÓˆÔÒÂ˜ØŒ‰Íˇ¨„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriott_bold_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?åç´ƒ©˙ˆ˚¬µ˜øœ®ß†¨¥`¡™£¢§¶•ªº–“‘«…æ÷ ÅıÇÎ´Ï˝ÓˆÔÒÂ˜ØŒ‰Íˇ¨„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriot_condensed_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriot_condensed_medium_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriot_condensed_bold_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠AbadiMTStd-Light_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd-LightItalic_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd-Italic_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

Let us pay crisp attention to your suit lapels.

Let us transform our Club Lounge into your virtual corner office.

Let us turn a sun-lit mountain view into the inspiration for your next big idea.

Let us graciously open the door to your future success.

$319

Professional Pursuits – The ideal package to

make life on the road both easier and more

productive. Includes deluxe accommodations,

breakfast, in-room high-speed internet,

valet parking, garment pressing and shoe

shining. For reservations, contact your travel

professional, call The Ritz-Carlton at

800-241-3333 or visit ritzcarlton.com/phoenix.

Rate is per room/per night based on single occupancy, exclusive of taxes, gratuities, fees and other charges; does not apply to groups; cannot be combined with any other offer and blackout dates apply. DailyAmerican breakfast for one available in-room or at restaurant. Garment pressing available up to three items. Void where prohibited. ©2012 The Ritz-Carlton Hotel Company, L.L.C.

West VaLLeY update

marriot_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" €$€£¥₩฿руб≠marriot_light_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_med_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_med_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriott_bold_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?åç´ƒ©˙ˆ˚¬µ˜øœ®ß†¨¥`¡™£¢§¶•ªº–“‘«…æ÷ ÅıÇÎ´Ï˝ÓˆÔÒÂ˜ØŒ‰Íˇ¨„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriott_bold_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?åç´ƒ©˙ˆ˚¬µ˜øœ®ß†¨¥`¡™£¢§¶•ªº–“‘«…æ÷ ÅıÇÎ´Ï˝ÓˆÔÒÂ˜ØŒ‰Íˇ¨„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriot_condensed_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠marriot_condensed_medium_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб

marriot_condensed_bold_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;’,./ ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $€£¥₩฿руб≠AbadiMTStd-Light_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd-LightItalic_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

AbadiMTStd-Italic_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;’,./≠ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+|:”<>?å∫ç∂´ƒ©˙ˆ∆˚¬µ˜øπœ®ß†¨√∑≈¥Ω`¡™£¢ §¶•ªº–≠“‘«…æ≤ ÷≠ÅıÇÎ´Ï˝ÓˆÔÒÂ˜Ø∏Œ‰Íˇ¨◊„˛Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿Á¸`⁄‹›fifl‡°·‚—±”’»ÚÆ¯˘¿|áéíóúâêîôûàèìòùäëïöüÿãñõÁÉÍÓÚÀÈÌÒÙÄËÏÖÜŸÑÃÕÂÊÎÔÛ ”“’‘ '" € $‚Ç¨¬£¬•‚Ç©‡∏ø—Ä—É–±

Let us pay crisp attention to your suit lapels.

Let us transform our Club Lounge into your virtual corner office.

Let us turn a sun-lit mountain view into the inspiration for your next big idea.

Let us graciously open the door to your future success.

$319

Professional Pursuits – The ideal package to

make life on the road both easier and more

productive. Includes deluxe accommodations,

breakfast, in-room high-speed internet,

valet parking, garment pressing and shoe

shining. For reservations, contact your travel

professional, call The Ritz-Carlton at

800-241-3333 or visit ritzcarlton.com/phoenix.

Rate is per room/per night based on single occupancy, exclusive of taxes, gratuities, fees and other charges; does not apply to groups; cannot be combined with any other offer and blackout dates apply. DailyAmerican breakfast for one available in-room or at restaurant. Garment pressing available up to three items. Void where prohibited. ©2012 The Ritz-Carlton Hotel Company, L.L.C.

Salt River Pima-Maricopa Indian Community may have one of the best-located pieces of commercial real estate in the Phoenix Metro. It owns a 9.5-mile long area, known as the Pima Corridor, parallel to the Loop 101, a beltway connected to nearly all area freeways. Of that commercially zoned stretch, 143 acres remain undeveloped. Many Valley residents primarily associate the Talking Stick entertainment district with the Pima Corridor, the SRPMIC is seeking signifi cant non-entertainment development within and without Talking Stick, including two charter schools and also procuring resources to update its existing data center.

“Th e SRPMIC is a pretty sophisticated community and as the community grows in population and business ventures, the adoption of technology also grows,” says SmithGroupJJR’s Technology Studio Leader Rob Sty. “[Records are] all stored electronically now. Th e community has gotten to the point that it needs to expand its data.”

As with any building on the community’s land, the data center must incorporate the culture’s aesthetic integrity. Th e challenge is that data centers, out of concern for security, tend to also be designed as background buildings.

“Architects and engineers do not always get to put that design element into a data center. It’s interesting for us,” Sty says, adding that designing a project for the SRPMIC was a community eff ort: “It’s a lot more interesting when all the groups are engaged. Everyone has a voice, and you come out with a better project.”

construction in indian countrY


SALT RIVER PIMA-MARICOPA indian communitY Goes commerciaL By AMANDA VENTURA

notches on a taLKinG sticKA Talking Stick is a contemporary representation

of the traditional O’odham (Pima) calendar stick, on which carvers recorded significant events and milestones throughout the year. It is also the namesake of the Salt River Pima-Maricopa Indian Community’s entertainment district, which comprises about half of the tribes’ commercial land reserves. Talking Stick is a 1.1 MSF entertainment district consisting of a casino, resort, golf course, spring training facility and retail center called The Pavilions. Opened in the ‘80s, the Pavilions represents the second carving on Talking Stick’s calendar — the first being the union of the two tribes who comprise the community. The bottom of the stick shows vacant space with room to grow — and one of the many projects underway this year and next may just be the next addition.

The 1.1MSF Talking Stick’s build-up is due to a pro-development attitude of the community leaders as well as developers keen on getting their foot in the door of a burgeoning entertainment district. Since much of the traffic speeds by Talking Stick at 65 mph, designing for the corridor requires those such as PHX Architecture’s Erik Peterson to not only create something fun to visit but also something eye-catching from afar.

Peterson’s design for The Cove Family Fun Center, a metallic mesh-wrapped building with blue accent lighting around it is certainly made to pique the attention of freeway passengers. The building has to capture your attention, he says of his recent work on The Cove Family Fun Center — a 60KSF entertainment center. The basket-like building is set to break ground on SRPMIC later this year. Nick Andrews, developer of The Cove, was drawn to the Salt-River Pima Indian Community for his first project on tribal land due to the community’s proactive reputation.

“They’re really pro-growth when it comes to developers like us who have an entertainment-related venue,” Andrews says.

Just in the last 12 months, Talking Stick has seen development of a Courtyard Marriott, OdySea projects, Top Golf and other attractions. Blessing McAnlis-Vasquez, marketing project manager of Talking Stick, says it’s a combination of tribal leadership and private developers’ vision for tourism and entertainment amenities that has led to its recent success.

“Our leadership always looks ahead seven generations,” McAnlis-Vasquez says, though the present is just as exciting.

Though the SRPMIC has a population of 6,000, Salt River Fields, built in 2009, has more than 12 annual events, some of which bring up to 15,000 guests. The

proposed OdySea Aquarium, set to break ground later this year, is designed to accommodate 15,000 visitors a day and will be the largest aquarium in the Southwest. Leasing at the Pavilions is at 87 percent, up from 50 percent at the downturn of the recession. The shopping center has also seen more than $17M in renovations. Though The Cove Family Fun Center hasn’t signed a lease yet, the 60KSF entertainment venue is working proactively with the tribe to open for business by summer 2015.

the rise, FaLL & rebirth oF the paViLionsWhen the Pavilions at Talking Stick was built, it was

the freshest take on retail super centers. As time passed, ownership and management changed hands and the center fell into disrepair. Marty De Rito and business partner Chuck Carlisle scooped up the property for $85M in January 2008 with 85 percent of the property leased. In 10 months, the recession dropped vacancy to 50 percent. Six years later, De Rito is just now breaking even on its purchase.

“This property could have taken our company down,” Carlisle says. “Fortunately, now we’re about 87 percent leased. The tribe has been phenomenal in assisting us with the renaissance of this property.”

Just like the road through the center of thePavilions to SRF, it goes both ways.

It was De Rito who got wind of the Diamondbacks’ desire to move north for spring training in 2009, and Carlisle attributes his partner to bringing what would be a catalyst for the entire district to Salt River Fields.

“It’s an interesting thing when you have non-retail activity going on at the center. Salt River Fields helped this property to survive,” Carlisle says.

Though SRF was a catalyst for businesses built up around the area and meant a surge of restaurant interest in Pavilions space, there was still one more hurdle De Rito Partners looked to clear — alcohol.

Until 2010, the only establishments that could serve liquor on tribal land were the hotel, casino and golf course — all owned by SRPMIC. De Rito Partners couldn’t bring restaurant tenants to the Pavilions if they needed a liquor license. Now, there’s a Red Robin under construction as well as business with Buffalo Wild Wings.

“There was no barrier for entry after that,” Carlisle says.The other saving graces for the Pavilions — lending

(De Rito’s lender was General Electric, a bit more flexible than a regulated bank would have been) and moving an office to the Pavilions.

“We’ve probably saved half a million dollars just being onsite,” Carlisle says, adding that the added attention to the property is what has contributed to the Pavilions’ return to its potential.

37

38 | January-February 2014

GReat HeaRts aCaDeMy - CiCeRo CaMPUsDEVELOPER: De Rito Partners DevelopmentGENERAL CONTRACTOR: Chasse Building TeamARCHITECT: GenslerLOCATION: NWC Loop 101 & Indian Bend Road, Salt River Pima-Maricopa Indian CommunitySIZE: 85KSFBROKERAGE FIRM: Keyser/Mulhern Development TeamVALUE: $10MESTIMATED COMPLETION DATE: July 2014

Th is nonprofi t, tuition-free K-12 charter school will cater to 1,200 children in an area that was once occupied by a Chuck E. Cheese at the Pavilions Shopping Center. Phase I will accommodate students in grade K-7 and Phase II to 12th grade.

noaH WeBsteR sCHooL – PiMa CaMPUsDEVELOPER: Noah Webster Schools & Salt River DevcoGENERAL CONTRACTOR: Adolfson & Peterson ConstructionARCHITECT: Adolfson & Peterson Construction LOCATION: Pima & Jackrabbit roads, ScottsdaleSIZE: 51,502 SFVALUE: $5.4MCOMPLETED DATE: July 2014

Th e two-story framed K-6 charter school facility will feature 32 classrooms, including music and art rooms, a multi-purpose gym with cafeteria and stage, offi ce space, conference rooms, play fi elds and bus parking. Th e project has been in planning and design for a number of years and the groundbreaking represents a signifi cant milestone for Noah Webster Basic School and the Salt River Pima-Maricopa Indian Community's STEM education.

tHe CoVe FaMiLy FUn CenteRPROJECT NAME: The Cove Family Fun Center DEVELOPER: Nick Andrews & David PromGENERAL CONTRACTOR: AR Mays Construction ARCHITECT: PHX ArchitectureLOCATION: NEC of the Loop 101 Via de Ventura Interchange on the Salt River-Pima Maricopa Indian Community SIZE: 67KSFVALUE: $13MESTIMATED START AND COMPLETION DATE: summer 2015

Th e Cove Family Fun Center is slated to include 19 themed birthday/event rooms, laser tag, bowling, arcade games, laser tag and go-karts.

PROJECTS IN THE PIPELINE


oDysea aQUaRiUMDEVELOPMENT AND MANAGEMENT TEAM: Amram Knishinsky, Martin Pollack and Rubin Stahl GENERAL CONTRACTOR: McCarthy Building CompaniesARCHITECT: Deutsch Architecture GroupLOCATION & CITY (major crossroads/exact address): Via De Ventura and the 101 in Scottsdale at the Salt River Pima-Maricopa Indian CommunitySIZE: 200KSFBROKERAGE FIRM: N/AVALUE: $175MESTIMATED COMPLETION DATE: 4Q 2015

Th e OdySea Aquarium will be the largest aquarium in the Southwest and in the unlikely setting of the Sonoran desert. Th e two-level facility will span more than 200KSF, and visitors will move to each level via acrylic tunnels while viewing animals of rivers and oceans in the world.


Ak-Chin Advantage #2: SPEED TO MARKET

A DEVELOPMENT OF THE AK‑CHIN INDIAN COMMUNITY www.leaseakchin.com

c u s t o m l e a s i n g s o l u t i o n s i n a n a t i ve e nv i r o n m e n t

custom leasing solutions in a native environment

Pinal County, Greater Phoenix, ArizonaBROKERS WELCOME

For leasing info: 520-568-3246

“In an environment committed to product excellence, ...our business has been able to grow and expand.”

BILLY HICKMAN, VP, HICKMAN’S FAMILY FARMS

Time is money and with streamlined processes for zoning,

permitting and design approvals, Ak‑Chin can have your

build‑to‑suit completed much faster than average.

What Can We Build for You?

SCCC_2014_AZRE_Ad2_halfpg_Mar‑Apr.indd 1 2/21/14 2:59 PM

39

CIIC Conference Sets Sights on University Program

BUILDING THE BRIDGE

By AMANDA VENTURA



THE CONFERENCE:11TH ANNUAL CONSTRUCTION IN INDIAN COUNTRY April 28 to 30 Wild Horse Pass Hotel & Casino 5040 Wild Horse Pass Blvd., Chandler

Entering its 11th year, Arizona State University's Construction in Indian Country conference is a means to recruit prospective

Native American construction students, educate local tribes and foster industry connections. It is also a key contributor to the CIIC endowment, which has raised $400,000 and put 14 students through the construction management program at ASU. It is currently supporting nine undergraduates, including Shane Cody who came to the program after working in the industry as a fi eld laborer.

“I really enjoyed my working experience in the fi eld, but I knew that obtaining a management position would require me to obtain a construction management degree from a university,” Cody says. Cody contacted the CIIC through the suggestion of his ASU adviser and has since landed two internships with DPR Construction offi ces.

Program chair Allan Chasey, at the Del E. Webb School of Construction, is proud of what the CIIC conference and endowment have accomplished, but when he stepped into his current role at the school a year ago, he says he saw more to the CIIC culture; he saw a full academically involved program. Th e fi rst step toward making the conference into a year-round program was replacing an events coordinator with a program manager. Th e department landed Jerome Clark, who had extensive experience with the Intertribal Council of Arizona and an understanding of Chasey’s vision.

“Th e question we fi nd ourselves asking more often is nation-building for tribes — what does it take for a tribe to build up their nations. build up its hospitals, roads, etc.,” Clark says.

Th e CIIC’s updated vision includes more conversations with tribes, research into tribal construction laws and potentially building a clearing house. But fi rst, CIIC must address its 2014 theme, “Bridging Our Communities - Building for Our Futures,” — the key to its future as a program.

MEETING OF THE MINDS: Jeff Ehret interviews CIIC founders Jefferson Begay and Urban L. Giff during the 2013 conference opening.

201420142014201420142014201420142014201420142014201420142014

The same principles that guided McCarthy back in 1864 still guide us today: a willingness to work hard to bring exceptional value to

every project, genuine people whose

character defines honesty and integrity

and the spirit of working as one to be

the Best Builder in America.

As a 100% employee-owned company,

we’re proud of the partnerships and

projects we’ve built in Arizona and

across the U.S.

mccarthy.com

CONSTRUCTION IN INDIAN COUNTRY

42 | march-april 2014

Anyone who has tried to develop on one of the 22 federally recognized Indian tribes’ land in Arizona has probably encountered the patchwork of land ownership that can sometimes make it diffi cult to build. Land on reserva-tions can be owned by the tribe, held in trust and owned by an individual (both allotted property and non). Recently, Polsinelli’s Gerrit Steenblik and Anne Kleindienst shared that to negotiate a 55-year land lease for the development of the Noah Webster school on the Salt River Pima-Maricopa Indian Community, they had to work with many depart-ments of the Salt River Pima-Maricopa Indian Community, including the general counsel’s offi ce, the economic develop-ment division, the treasurer’s offi ce, the education adminis-tration and the community’s public relations offi ce, as well as the Bureau of Indian Aff airs and the allotted land owners.

Each tribe functions as a sovereign nation and provides a variety of governmental services to tribal members.

“Because few tribes tax their members, many tribes engage in commercial activities to generate suffi cient revenue to provide these services,” says Roxann Gallagher, attorney at Sacks Tierney. “As a result, we have traditionally seen a mix of bonds, either tax-exempt or taxable, issued to acquire, construct or improve both governmental and commercial facilities.”

With the introduction of the American Recovery and Reinvestment Act of 2009, came $2B meant to broaden the reach of tax-exempt funding for commercial development. A signifi cant portion of that $2B volume cap for tribal economic development bonds are still available.

Native American communities can issue tax-exempt bonds to fi nance construction projects that will benefi t their own community, such as government and community buildings. Various departments also off er federal grants to fund schools, pre-school programs, health care, and infrastructure, including water systems and roads in Indian country.

“Keys to success [with regards to building in Indian country] included the personal relationships, long-range planning to avoid last-minute glitches and the fact that the new Noah Webster School responded to a genuine need of the community, leading to a win-win result,” says Steenblik, who was the borrower’s counsel for the Noah Webster School being constructed on the Salt River Pima-Maricopa Indian Community. e construction of the new Noah Webster

Schools-Pima project within the Salt River Pima-Maricopa Indian Community is being funded by a tax-exempt bond issued by the Industrial Development Authority of Pima County that is only available to tax exempt, nonprofi t and non-Indian owned business.

“Construction fi nancing undertaken by a tribal government or tribal governmental entity has many of the same challenges as any other governmental fi nancing in terms of timing, structure, respect for political processes, and adherence to regulatory requirements,” says Gallagher. “Most notably, however, there are some additional legal and business issues that must be considered if certain tribal real property or restricted revenues are intended as security for the indebtedness. For instance, there are federal restrictions on the alienation of tribal property, potentially complicated title issues, and limitations on recourse against some potential sources of repayment.”

ough Jennings, Haug & Cunningham’s Ed Rubacha says it’s unlikely for tribal communities to resist payment by declaring sovereign immunity after a project is completed, the disputes of the Hualapai Skywalk and Ranch can make some developers nervous. Granted, if it’s a large project, Rubacha says, with a well-known tribe it may be smart to ask for a waive of immunity. A recent example being the Navajo Nation waiving its right to declare immunity on a $500M purchase of a coal mine being purchased by the Navajo Transitional Energy Company.

In the early 2000’s, the Navajo Nation decided to build its fi rst casino in Arizona. It wouldn’t break ground until 2011 or open until May 2013. Twin Arrows employs 1,300 people and will make $45M a year. Instead of enlisting the help of a commercial bank, developers worked with the Navajo government to secure adequate funding.

“In 2009-10, the capital market was really soft,” says Navajo Nation Gaming Enterprise Chief Executive Darrick Wachtman. “Wall Street wasn’t lending to the casino startups. ere was no activity. It was a good opportunity for the nation to get good returns. e interest rate was higher than market. It’s dependent on the cash-fl ow leverage.”

As for developers, Gallagher reports positive feedback: “Sacks Tierney’s clients have found that successful tribal fi nance transactions are akin to hitting a perfect golf shot in that the result is well worth the eff ort.”

LAWS OF THE LAND

By AMANDA VENTURA

Roxanne GallagherEd Rubacha Gerrit Steenblik

Navigating Development in Indian Country

MAY - JUNE 2013

The Valley's deVelopmen Tcommuni Ty looking up

RISINGTO THE TOP

Healthcare p. 14USGBC Arizona p. 34

Valley Partnership p. 41

INSIDE

AZRE_Cover_MJ2013-FINAL.indd 1 4/30/13 4:52 PM

JANUARY-FEBRUARY 2013

SPECIAL SECTION p. 30 SPECIAL SECTION p. 27

BIRTH OF A SIGNATURE SCIENCE PARKContinuum evolvinginto a state-of-the-artbusiness, tech campus

AZRE_Cover_JF_2013.indd 1 12/21/12 4:36 PM

For additional information, call 602.277.6045 or visit,

azBIGmedia.com

MAY - JUNE 2013

The Valley's deVelopmenTcommuniTy looking up

RISINGTO THE TOP


SIGNATURE SCIENCE PARKContinuum evolvinginto a state-of-the-artbusiness, tech campus

2013JANUARY-FEBRUARY 2014

INSIDE2014 OUTLOOK:

Industry experts' market predictions p.18

BOXED OUT: A retail space the

recession built p.34

COMPANIES TO WATCH:CRE's movers and shakers p.28

THIS IS THE FUTURE2014 OUTLOOK

AZRE_Cover_IFC_JF2014.indd 1 12/20/13 11:36 AM

Featured topics include: • Financing Real Estate

• Healthcare Development & Construction

• CCIM/Certified Commercial Investment Managers

• USGBC/Green Building Supplement

• AAED EDDE Awards

• The Rockefeller Group Supplement

• Valley Partnership Supplement

Coming next issue

AZRE_ComingNextIssue-QP.indd 1 2/26/14 1:04 PM

43

CORENET GLOBAL


at starts with realizing a client’s No. 1 business isn’t real estate, says Colliers International’s Bill Littleton. e executive vice president of Colliers’ corporate solution group works with six national and global corporate end users and has 25 years of experience. Yet, he remains an active member of the local chapter of CoreNet Global, an organization that serves the corporate real estate community comprisef of members from the brokerage community, end users and support industries. It’s at the monthly meetings and annual summit, he says, that he really learns the needs of his clients.

“To add value, is to get involved in CoreNet Global,” says Littleton, who has been a member for more than a decade. “CoreNet is a think tank for all the trends and issues related to corporate users of space.”

Arizona Commerce Authority’s Hilary Hirsch says economic developers are seeing more companies create an internal real estate division instead of relying on a third-party source.

“ is shift is due in large part to the critical value and insight that corporate real estate professionals add to a company’s overall success whether in increasing their bottom line or forecasting trends in the market,” Hirsch says.

is echoes Littleton’s point of thinking like an end user. Bringing the market trends to the table is important for brokers’ clients, but in return corporate executives can share their concerns — effi ciency, for example — with brokerages as well as other CoreNet members, such as furniture suppliers.

“Leaders in the corporate real estate industry have evolved from focusing on leases and facilities management to serving as change agents, innovators, facilitators and strategic experts,” contributes Colliers’ Tivon Moffi t.

Mark Singerman, Vice President and Regional Director of e Rockefeller Group, has been a CoreNet member for two years as a means of saving money.

“Knowing what issues end users face and providing cost-eff ective solutions are what the most successful CRE professionals do,” says Singerman, whose company has built for General Mills, Sumitomo and BASF.

Examples of useful information, Singerman says, includes rent and sale comparisons from commercial brokers,

build-to-suit buildings for sale or lease to end users, general contractors for renovations and new facilities for end users.

With the big push for offi ce effi ciency and “right sizing.” there’s less need for large leasable areas. ough that means less space for Littleton to lease, the value proposition for his clients is the real gain.

“It’s like anything else, if you’re true to your cause and you don’t waiver in it, you’ll be fi ne,” Littleton says. “ e world is changing; either change and add value or get out of the way.”

ere’s may be a third option, though, suggests one corporate executive — make your own way.

CENTRAL COMMANDWhile the world is changing, it helps to be ahead of the

curve. Leo Bauman recalls jotting a note on a napkin 20 years ago that would take years of lobbying and research before it could be realized. Seven of Wells Fargo’s offi ce leases were set to expire and he thought, "Why not consolidate the workforce on a centralized campus environment?" After nearly a decade of preparation, the fi rst 410K SF Wells Fargo campus in Chandler broke ground, making way for a few thousand employees. Ten years later, history repeated itself and Wells Fargo announced plans to double its existing presence with a 410KSF expansion — and that’s not even the half of it; the master plan calls for three more buildings that will bring the campus to 1.74M SF. Bauman, the vice president and manager at Wells Fargo, heads the Corporate Real Estate Group for Arizona’s fourth-largest non-government, non-education employer in the state. It’s his department’s job to manage the offi ce space and utility for 85 lines of work comprised of 16,192 employees. Bauman is a long-time member of CoreNet. ough the Wells Fargo Campus wasn’t facilitated through a CoreNet connection, many corporate executives and brokers are working closely to increase effi ciency, even if that means rightsizing offi ce space, and to accommodate the changing workplace. One of the greatest challenges, notes a recent white paper and case study published by CoreNet, is determining respective departments’ needs and how to make sure those are met in a space.

Corporate Real Estate Executives Make Space in a Changing WorkplaceENGAGING THE ENTERPRISE

By AMANDA VENTURA

To add value to a corporate end user, you have to learn to think like one.

2013 TOP PRODUCERS OF THE YEARCOLLIERS INTERNATIONAL CONGRATULATES ITS

We know your competition is fierce. And you can’t afford to sit back inthe pack. Teaming with Colliers International allows you to focus yourenergy on your expertise. We focus on ours—maximizing your real estateposition—to accelerate your success.

Accelerating success.

Phoenix +1 602 222 5000 | Scottsdale +1 480 596 9000 | www.colliers.com

Don MacWilliamExecutive Vice PresidentIndustrial Properties

Bob BroylesSenior Vice PresidentInvestment Properties

Payson MacWilliamExecutive Vice PresidentIndustrial Properties

Brian WoodsVice PresidentRetail Properties

Jerry TengeSenior Vice PresidentMultifamily Investments

Jim Keeley, SIOR, CCIMFounding Partner | ScottsdaleIndustrial Properties

Keith LambethExecutive Vice PresidentOffice Properties

Bill Littleton, SIOR, MCRExecutive Vice PresidentCorporate Services

Trevor KoskovichSenior Vice PresidentMultifamily Properties

Jeffrey Sherman Senior Vice PresidentMultifamily Properties

Paul Sieczkowski, SIORExecutive Vice PresidentIndustrial Properties

Bill HahnSenior Vice President Multifamily Properties

Todd Noel, CCIMExecutive Vice PresidentOffice Properties

Tom WoodsSenior Exec. Vice President Retail Properties

Tyler SmithVice PresidentOffice Properties

AZRE_Top 10_2013.indd 1 2/11/2014 9:30:39 AM

CORENET GLOBAL


Everything in moderation. It’s an adage applied to a balanced diet, lifestyle and, increasinly, work environment. As corporate real estate professionals assess the offi ce spaces an upcoming workforce fi nds most attractive, the trends lean away from cubicle-centric offi ces of former generations. In 2008, architecture and design fi rm Gensler outlined four work modes - focus, collaborate, learn and socialize - that aff ect workplace effi ciency and employee satisfaction. Gensler most recently found the most effi cient work places have a balance of focus and choice in the workplace to keep up satisfaction, perfomance and innovation. Since 2008, many technologies and distractions have been introduced to the workplace. Overall performance dropped by 6 percent in fi ve years. Offi ce spaces also became more dense over the years, dropping from 225 SF per person to 176 between 2010 and 2012. More than half of the people surveyed by Gensler claimed to be disturbed by others when trying to focus. Just under half of the surveyed workers try to block these distractions. “Workplaces designed to enable collaboration without sacrifi cing employees’ ability to focus are more successful,” the study states.

Target Commercial Interiors’ Director of Marketing John Jurgensen likened the total separation of collaborative and focus space to putting a smoking section on an airplane — it just doesn’t exist. Target says it has been tasked by its clients to outfi t a workspace with the accessories that mask sound and help keep collaborative workspaces or nearby focus spaces functional and effi cient. Gensler’s 2013 U.S. Workplace Survey suggests that employers who provide fl exible offi ce space also have higher-performing employees. A Cornell University study of small businesses found that companies with fl exible work environments had one-third the turnover and four times the growth. In 2010, Gensler was hired for a $6M build-to-suit by Polsinelli law fi rm with the goal to increase collaboration. ough Polsinelli wasn’t able to quantify the eff ect of a more effi cient space with multiple options for workspace, offi ce administrator Derek Anderson does feel the offi ce is more purposeful and the work environment is more accomodating of employee needs.

Another trend to watch for is that of well-being, says Target’s Tjia Richmond. “Well-being was never really considered before,” she says. “It’s become so competitive in the workplace, that employers are taking a broader look.”

REGUS SPACEAt Avnet, Inc., Bob Gracz’s role is to develop strategic

positioning and help his company get most effi cient use of space. e CoreNet Global Arizona’s President says the key to success in his position is about being an early adopter and having a discerning eye for trends. Gracz spearheaded Avnet’s Arizona transition to a Regus executive workplace that promoted fl exible space for remote workers.

“What has evolved in the last 10 years is phenomenal, where we’ve gone from a work state where everybody is sitting in an offi ce to literally where almost everybody is working remotely these days,” Gracz says. “ ink of what that does for productivity of the employee, think of what that does for cost management inside a company and think of what that does for quality of life of an employee.”

Avnet is also fi nding ways to make its existing offi ce space versatile for diff erent lines of work within the company through the use of technology.

“As the square footages of offi ces and work stations are generally decreasing, corporate institutions are defi nitely paying more attention to creating work environments tailored toward fl exibility, mobility and associate amenities,” says Holder Construction Company’s Keyvan Ghahreman.

Regardless of innovation, corporate executives are always battling what Gracz calls the “expense scenario.”

“Everybody looks at real estate as an expense, but if you really understand how that expense is looked at in the corporate world, you can better position your strategies to be very valuable to the company,” Gracz says, adding that 70 percent of Avnet’s expenses is personnel-related.

“We only have 30 percent of expenses that are not people-expenses, so we have to manage that very well,” he says. “We want to keep the people. We want to bring more in. I look forward to the day when it’s 80 percent.”

Gracz's staff of three manages offi ces for 8,000 people. ey were recently approached by Avnet to advise on increasing real estate effi ciency within the company’s other regions. Gracz credits CoreNet Global’s emphasis on understanding fi nancial acumen, among other things, to his success.

“Technology, where and how people work—the space—has changed dramatically and, more than ever, the relationship among commercial real estate, human resources and IT is fundamentally critical,” says GPE’s Michael Brinkley.

Gracz's fi rst Regus executive offi ce structure fi ve years ago was unsuccessful due to an expensive and cumbersome dynamic between his existing real estate and IT. His current adaptation, he says, is far more successful and will save $2M annually. at’s about 20 percent of the group’s facility expense — and that’s just the beginning.

THE

TIM

E-S

PAC

E C

ON

TIN

UU

M O

F G

EN

ER

AT

ION

Y

Q&Q&Q a&a&Bob Gracz, vice president of corporate real estate at Avnet, Inc., took on the role of president of CoreNet Global Arizona just last year and is encouraged by the status of his platform goals to grow the membership and organization's local activities through the instatement of new committee chairs. “I’m enthusiastic about what we’ve accomplished so far and am really excited that everyone is keeping the momentum going,” he said of his recently appointed chairs. Gracz took a few minutes out of his day to talk about the future of CoreNet Global Arizona and what the local chapter has planned for the next year.

You’ve been president of CoreNet Global Arizona’s chapter for just about a year. Looking back, what signifi cant progress has been made with regards to your goals as a chapter president?

Primarily the main goal I wanted to accomplish was setting up a structure that allows us to grow and operate with discipline and accountability. We’ve been able to accomplish that. We’ve been able to set up a number of chair positions and defi ne the required accountability and have the people drive themselves toward meeting goals. I’m very excited that one of the long-term goals in that structure was to create a senior advisory group. […] We recently appointed a chair of education, and we’re in the process of closing on the communications and marketing chair. […] Some of the evidence that the structure is delivering what the chapter intended to do, which was create networking and drive educational awareness to people in the local chapter, that evident by our growth and membership and more participation as local chapter associates. (See interviews with chapter chairs on page 46.)

How have your goals evolved over the last year? It’s a journey and I fi rmly believe with the right structure,

discipline and people — let’s face it, this is a volunteer situation so people have to be passionate — the program will be self-feeding.

CORENET GLOBAL


A YEAR IN REVIEW:

What remains a core focus or concern for a majority members?

e main focus is continuous networking and learning more about how the business is evolving. You can roll the tape back 10 years and there was a lot of offi ce space and what not and now the latest thing is all about work-remote management and companies are becoming extremely effi cient at using space, and everybody feeds on that. So, you have an end-user that wants to learn more about how they can do that. You have a landlord that’s saying I need to better understand this so I can position my product to be ready now to help you. at’s really what we’re really bringing out there. It’s leading edge. It’s current time.

One of your platforms was to increase the number of meeting and training options. Have those gone into eff ect yet?

We have a regular program schedule. We have about 10 programs once a month; the summer months are off -months. We have just introduced the education chair. e goal of the educational chair is to get us to the point to where we have four educational circumstances a year. Once we accomplish that, the desire will be to have at least four and one of them be one corporate CoreNet wants to bring here.

Have you seen an increase in membership? Yes. When we fi rst started this journey, we were at

about 85. Today, we’re sitting on about 129. It’s been quite a big improvement and right in line with the metric we tossed out — 20 percent a year. I think the team’s up for it, and I’m looking for another 20 percent next year.

Who comprises a majority of CoreNet Global Arizona’s membership?

More often than not, the end-users are usually the minority. You usually have a larger broker content, but we’re having a good mixture of what I call the feeders — architects, title companies, interior design and companies that assist corporate real estate — and I think in our chapter we’re having a large success of bringing in the people who help us do our jobs.

BOB GRACZ REFLECTS ON

CORENET PRESIDENCY, MEMBERSHIP GROWTH

By AMANDA VENTURA

If you’ve got a vision, an SBA loan can help you get there. Our longer terms and lower down payments can help your business grow and keep our communities strong and vibrant.

An SBA loan can help you: • Purchase commercial

real estate• Acquire a business• Expand your business• Buy equipment• Build inventory

Stop by and talk with a banker today.

1165415_10726

7.125x4.75

4c

# 1 SBA lender* for the 5th year

Borrow with confidence

Take your business to new places

* Wells Fargo is the #1 SBA 7(a) lender by dollars according to the U.S. Small Business Administration as of September 30, 2013.All financing is subject to credit approval and SBA eligibility.© 2013 Wells Fargo Bank, N.A. All rights reserved. (1165415_10726)

You can also give us a call at 1-800-545-0670 (Monday – Friday, 7:00 a.m. – 7:00 p.m. Central Time) or visit us at wellsfargo. com/biz to learn more.

1165415_10726 7.125x4.75 4c.indd 1 12/10/13 9:32 AM

49

TIVON MOFFITTSPONSORSHIP COMMITTEECOLLIERS

What is your role at CoreNet?The Sponsorship Committee is responsible for increasing sponsorship commitments to the organization. Sponsorships are a critical component of the local chapter’s fi nances.

What are your goals in your chair position and how will these be achieved?My top goal is to increase local sponsorships of the chapter. Retaining our current sponsors and signing up new sponsors enables us to have quality programming.

HILARY HIRSCHEDUCATION COMMITTEEARIZONA COMMERCE AUTHORITY

What is your role at CoreNet? The Education Committee is committed to providing corporate real estate professionals the opportunity for further education, ensuring that seasoned or new corporate real estate professionals can accelerate their careers by providing basic access to training courses that are focused on the strategic management of corporate real estate. What are your goals in your chair position and how will these be achieved? My No. 1 goal is to make CoreNet Global a local resource for corporate real estate professionals to gain access to programs and courses provided through the global chapter. My path to achievement will be working in tandem with CoreNet Global’s professional development team to bring accredited programs for the Arizona chapter to utilize for certifi cations and licenses.

CHRISTOPHER KEWSONMEMBERSHIP COMMITTEENEWMARK GRUBB KNIGHT FRANK

What is your role at CoreNet?The Membership Committee is responsible for fi nding and retaining CoreNet members and collaborating with other committees.

What are your goals in your chair position and how will these be achieved?Our goal for this year is to grow the membership base by 20 percent. First, our goal is to start with the existing members renewing for 2014. Historically we have a big drop off in memberships each year… so this goes back to focusing on our members in helping them get involved in CoreNet with whatever their interests may be. Secondly, is recruiting the right members. The focus and goal for CoreNet here in Arizona is to have each end-user as a member. Arizona in general isn’t a big end user market so we also focus on other industries and potential members that have some type of affl ation in CRE.

CORENET'S COMMITEE CHAIRS

JAMIE SWIRTZYOUNG LEADER COMMITTEECBRE

What is your role at CoreNet?To provide young leaders (35 years of age and under) with access to the knowledge and experience of industry professionals by means of establishing relationships, promoting continuing education, fostering peer networking and encouraging active roles in the community. What are your goals in your chair position and how will these be achieved?The Young Leaders’ Committee goals are to build relationships within the group, further advance our knowledge of corporate real estate and continue to increase membership involvement in the organization and the CRE community at large. Holding three to four Young Leader events per year will be key in achieving our goals.

KEYVAN GHAHREMANVICE CHAIR OF PROGRAMCOMMITTEEHOLDER CONSTRUCTION COMPANY

What’s your committee role at CoreNet?The Programs Committee plans and organizes the Arizona chapter’s monthly luncheons, networking events and annual signature event. The committee selects the topics for each program, develops the publicity, and promotes attendance at our events. The committee strives to relate program content to the trends within and evolution of the corporate real estate market.priority.

What are the goals of the Planning Committee and how will they be achieved?My goal is to continue building on our successful events, and to challenge the Program Committee members to reach into their respective industries to fi nd the best program topics that have a high impact for our membership. With the diversity of our committee and CoreNet membership, we are fortunate to be able to leverage a broad network and talent pool in this effort.

CORENET GLOBAL


IREM SEEKS BALANCE AMID PROJECTED TALENT SHORTFALL

INSTITUTE OF REAL ESTATE MANAGEMENT


Certifi ed Property Managers (CPMs) in the United States manage nearly $2 trillion in assets and 10.4 billion SF of commercial space. A signifi cant amount of these CPMs are expected to retire in the near future without a generation of up-and-comers to replace them. e future would appear bleak to owners and investors seeking replacements from a dwindling talent pool since the U.S. Department of Labor reported an increased need for real estate managers of 15 percent between 2006 and 2016. However, the Institute of Real Estate Management (IREM) is working to combat the projected talent shortfall.

“ is demographic reality, combined with a management function that has become more complex and sophisticated, has created an almost perfect storm that is boosting demand as never before,” says IREM spokeswoman Sharon Peters.

e organization’s brace for impact was buff ered by 2013’s membership numbers, which rose by 5.7 percent and passed the 19,000 mark for the fi rst time since IREM was founded in 1933. ough the talent shortfall is not an IREM challenge per se, Peters says, the organization established “a very aggressive program” to promote real estate management as a career option to young professionals. IREM has formal agreements with 15 universities to increase educational opportunities. IREM provides information about what appeals to the next generation to current members who want to attract and retain young talent. Mortera

says some of the trends mentioned at IREM’s fall leadership conference

were expectations for more rapid promotion, a coaching approach to management and the use of state-of-the-art technology.

“IREM is positioned

to play a key role in helping members attract and develop new talent because of their designation programs, publications and continuing education opportunities,” says Alliance Residential’s Senior Vice President of Performance, Tina Mortera.

e IREM Foundation recently approved requests from the Student and Academic Outreach Department to fund the development of an intern guide and to expand and redistribute its “Careers in Real Estate Management” booklet, according to the IREM website.

“Alliance Residential has deployed several programs and adjusted our communication style with associates to increase retention while making Alliance a great place to work and pursue your career,” Mortera says. “We have created several new communication channels using digital and highly visual media, ongoing themed competitions with prizes as well as a stylish apparel program. We have also adjusted our incentives and recognition programs with measurable, transparent metrics so that associates receive immediate and on-going feedback on performance.”

Alliance has already seen the job market become more competitive in several markets, including Arizona, Mortera says.

“Our increased participation and partnership with IREM was driven partly by the organization’s relationships with colleges and universities, and our desire to network with those students,” she says. “I made the acquaintance of several IREM student members at the recent Leadership Conference held in Scottsdale last October.”

IREM Arizona’s Chapter President Bret Borg, president of Borg Property Services, says that when Jay Butler retired from ASU’s real estate program in 2011, IREM lost its educational outreach and teaching


BY AMANDA VENTURA

Bret Borg

Bret Borg, CPM, is the president of Borg Property Services and the 2014 president of IREM Chapter 47/Greater Phoenix. The local chapter has 300 members, 10 percent of which are industry partners made up of real estate support and service companies — a position that has what Borg calls a “substantial waiting list.” Borg has been a member of IREM for more than 25 years and earned his CPM in 1993. According to Borg, the chapter’s main focus through 2014 is youth outreach meant to counter a projected talent shortfall in property management over the next fi ve to 10 years.

What is something the RE community should know about IREM? IREM is an international property management professional organization with members that span the globe. IREM provides so many benefi ts to its membership, as well as the entire real estate community. IREM is most known for its quality of educational programs, certifi cations, setting and upholding ethical standards in this industry. IREM is also very active politically in helping shape legislation aff ecting the industry. Each year, IREM teams up with the National Association of Realtors (NAR) and lobbies all of Congress with a unifi ed message on three mutually agreeable topics aff ecting the real estate community. is process has been hugely successful for members and non-members alike. I have personally been involved in this highly rewarding and educational process and am grateful to have had this opportunity.

To read more of Bret's Q-and-A, please visit azBIGmedia.com/azre-magazine

opportunities. e local chapter is using 100 percent of its charitable donation funds for new scholarships to train and attract the next generation of property managers. ree Arizona State University students received scholarships in 2014 through the IREM Young Professionals program, says its committee chairman Melissa Boyle, a CPM with Arcadia Management Group. ASU has 94 students in its real estate minor (undergraduate level) and 28 students in the Master of Real Estate Development program (graduate level). ASU also has an executive-education real estate certifi cate beginning in March.

e IREM Young Professionals program started back up in 2009, after a brief hiatus, says Rosati.

“It seems not long after the committee regrouped and we received a bit more

direction, the program increased its participation over the last three years,” says Whitestone REIT’s Steve Rosati, who has served on the commiittee for the last four years.

Outreach includes events, happy hours, educational/facility type gatherings.

“We not only want them to become involved in the networking luncheons and social events but, we encourage them to develop their knowledge of the industry practices and standards using the educational tools available to them locally and online,” Rosati says.

“ e younger industry professionals are what allows IREM to continue on into the future,” Rosati says. “It’s their involvement and participation that helps IREM grow and develop into the organization it has become after 80 years.”

FOUNDED:Chicago, 1933Membership: 19,041 individuals; 580 companies; 80 domestic chapters; 13 international

TOTAL OF U.S. MARKET MANAGED BY U.S. CPM MEMBERS:Conventionally fi nanced apartments – 42.8%Federally assisted housing – 35.0%Public housing – 8.2%Condos/co-ops/HOAs – 21.2%Senior housing – 7.6%Offi ce buildings – 27.7%Medical Buildings – 13.6%Shopping centers/Retail – 8.8%Industrial/Industrial parks – 7.2 %

Reported by the Institute of Real Estate Management

IREM’S RETENTION RATE FOR ITS CPM DESIGNATION IS 92%.

A recent survey ranked real estate managers as the career with the second-happiest employees. They tied with executive chefs and came in second to software quality assurance engineers.

A r izona S tate Universi t y’s one-year Master of Real Estate Development (MRED) program for real estate professionals involves faculty from ASU’s schools of design, law, construction and business, providing an integrated experience across fi elds. Now in its eighth year, the relatively small, personalized program has enrolled students from many countries, including Saudi Arabia, China, Thailand and India. About 70 percent of the participants come from outside Arizona. They have, on average, fi ve years of work experience already.

Steve RosatiTina MorteraMelissa Boyle

“

“

53

PRESENTS THE 9TH ANNUAL


Sponsored by:

On Feb. 26, AZRE magazine hosted the 9th annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize

the most notable commercial real estate projects of 2013 and the construction teams involved. AZRE held an open call for nominations and more than 115 projects were submitted by architects, contractors, developers and brokerage fi rms in Arizona. All the winners, fi nalists and unique merit acknowledgments are featured on the following pages.

2014

41

CENTRAL ARIZONA COLLEGE MARICOPA CAMPUS

TUCSON MEDICAL CENTER

Deve loper: pinal County Community College DistriCt

ContraCtor: Core ConstruCtion

arCh iteCt: smitHgroupJJr

S iz e: 76,800 sF

loCation: 17945 n. regent Dr., mariCopa

CompleteD: JUlY 2013

Deve loper: tuCson meDiCal Center

ContraCtor: J.e. Dunn ConstruCtion

arCh iteCt: Hobbs + blaCK arCHiteCts

Brokerage: Hill international

S iz e: 218,930 sF

loCation: 5301 e. grant rD., tuCson

CompleteD: apr i l 2013

Deve loper: asu

ContraCtor: sunDt ConstruCtion

arCh iteCt: gabor lorant

S iz e: 74,000 sF

loCation: 330 n. First ave., pHoenix

CompleteD: aug. 20, 2013

Deve loper: n/a

ContraCtor: Dpr ConstruCtion

arCh iteCt: earl sWensson assoCiates, inC.

S iz e: 63,308 sF

loCation: 13677 W. mCDoWell rD., gooDyear

CompleteD: sept. 23, 2013

Deve loper: arizona boarD oF regents


arCh iteCt: rsp arCHiteCts/KoHn peDersen Fox assoCiates

S iz e: 128,000 sF

loCation: 450 e. lemon st., tempe

CompleteD: June 24, 2013

Deve loper: banner HealtH

ContraCtor: K itCHell

arCh iteCt: HmC arCHiteCts

S iz e: 94,000 sF

loCation: CHanDler, mesa, gilbert, Queen CreeK

CompleteD: spring tHrougH Fall 2013

BEST EDUCATION PROJECT

FINA

LIST

SFI

NALI

STS

Central Arizona College created a new campus in the City of Maricopa that brings sustainability and education to the forefront. The three

initial campus buildings are sustainable “academic sheds” designed to keep the students cool from the hot desert sun throughout the year. The building materials are utilitarian, natural, low-maintenance and recycled. Nothing is wasted for aesthetics. There is one central water plant that feeds the three new buildings on campus. It’s designed in a manner that considers the campus’ future growth and saves water consumption by 28 percent. The master-planned campus will be 10 times its current size by completion. The innovative and transformative research facility will serve as a vital tool for recruiting top scientists and engineers, and bring the seeds of change to a “bedroom community boomtown gone bust,” as the New York Times once said.

Originally intended to be a series of complex renovations, Tucson Medical Center added a four-story orthopedic and surgical tower to its campus

that meets the increasing needs of the growing community. The tower replaced 18 existing operating rooms and added much more, including a dedicated pediatric surgery area. The new tower also adds 14 surgical suites, two hybrid rooms and 40 private patient rooms. The new tower add-on also included renovations to the building, such as shades for the windows to ward away the sun’s discomfort and an upgrade on the chilling and heating water systems. The new tower also blends in with the original design of the medical center, with native stone and copper integrated into the architecture, creating the appearance that it has always been there. During construction, the hospital did not experience any planned or unplanned interruptions in patient care.

BEST HEALTHCARE PROJECT

ASU

DOW

NTOW

N SU

N DE

VIL

FITN

ESS

COM

PLEX

WES

T VA

LLEY

HOS

PITA

L TO

WER

&

SURG

ERY

EXPA

NSIO

NM

CCOR

D HA

LLBA

NNER

HEA

LTH:

FOU

R EA

ST

VALL

EY H

EALT

H CE

NTER

S

SUPERIOR DESIGN SUPERIOR EXECUTION

Discover what makes Alliance a best-in-class national multifamily investor, developer and manager, and a “2014 Best Company to Watch” at www.allresco.com.

SUPERIORTRACK

RECORD

INNOVATIVE, NATIONAL

DEVELOPER

BEST-IN-CLASS

MANAGER

25years

DEVELOPMENT CONSTRUCTION ACQUISITION RENOVATIONASSET MANAGEMENT PROPERTY MANAGEMENT CONSULTING

Broadstone Camelback | Phoenix, AZwww.BroadstoneCamelback.com

For more than 30 years our real estate lawyers have supported Arizona businesses with sophisticated legal counsel across all aspects of the purchase and sale, development, financing, construction, management, workouts, foreclosures and liquidations of real estate projects.

Proud suPPorters of the red awards

To find out how we can help you, contact:

James S. Gibson+1 602 528 4037 [email protected]

Steven L. Lisker +1 602 528 4023 [email protected]

Justin D. Steltenpohl +1 602 528 4192 [email protected]

39 offices in 19 countiessquiresanders.com

Subheader

58 | March-April 2014 41

Vee QuiVa Hotel & Casino

MarsHall’s Distribution FaCility

Deve loper: GilA RiveR indiAn CoMMunity

ContraCtor: tutoR PeRini BuildinG CoRP.

arCh iteCt: FRiedMutteR GRouP

projeCt Manager: PARsons-tynAn GRouP

S iz e: 760,000 sF

CoMpleteD: July 2013

Deve loper: MARshAll’s oF MA, inC.

ContraCtor: lAyton ConstRuCtion

arCh iteCt: WARe MAlCoMB

Brokerage: CResA

S iz e: 1,525,876 sF

CoMpleteD: sePteMBeR 2013

Deve loper: CAliBeR CoMPAnies

ContraCtor: CAliBeR develoPMent

arCh iteCt: FoRM desiGn

Brokerage: hReC investMent AdvisoRs

loCation: 4300 e. WAshinGton st., Phoenix

CoMpleteD: deC. 12, 2013 - PhAse i

Deve loper: tRAMMell CRoW/ ClARion PARtneRs

ContraCtor: d.l. WitheRs ConstRuCtion

arCh iteCt: ButleR desiGn GRouP

Brokerage: CBRe

S iz e: 486,241 sF

loCation: 1100 n. 127th Ave., AvondAle

CoMpleteD: MAy 16, 2013

Deve loper: City oF sCottsdAle

ContraCtor: hoWARd s. WRiGht, A BAlFouR BeAtty CoMPAny

arCh iteCt: PoPulous ARChiteCts

S iz e: 310,000 sF

loCation: 16601 n. PiMA Rd., sCottsdAle

CoMpleteD: deC. 23, 2013

Deve loper: lGe/silAGi develoPMent

ContraCtor: lGe desiGn Build

arCh iteCt: CAWley ARChiteCts

Brokerage: lee & AssoCiAtes

S iz e: 604,000 sF

loCation: suRPRise

CoMpleteD: AuGust to noveMBeR 2013

Fina

list

sFi

nali

sts

Vee Quiva Hotel & Casino is a goliath in the desert, bringing a Las Vegas quality casino and hotel to Arizona. The property is energy efficient,

with lighting systems that are programmed to detect movement and adjust accordingly. The floors ventilate clean air into the casino, keeping the air fresh without using excessive amounts of energy. The casino used local concrete and aggregate products, and native plants were used for the landscaping in order to reduce water usage on the property. The biggest energy efficient feature in the new casino is the environmentally friendly electrical, plumbing and mechanical system on-site. The water is chilled and heated with energy efficient units that supply the casino and hotel with water.

best industrial project

Crow

ne P

laza

PHo

enix

ai

rPor

t Ho

tel

- PHa

se i

ColD

wat

er D

ePot

log

isti

Cs

Cent

er, P

Hase

i

wes

twor

lD t

ony

nel s

sen

eQu e

stri

an

Cent

er

sout

Hwes

t Pr

oDuC

ts/P

ark

s kyw

ay at

sky

way

bu

sine

ss P

ark

2014 best Hospitality project

The Marshall’s Distribution Facility’s sheer scale is awe-inspiring, capping at 1,525,876 SF this facility is not only large but also has energy efficiency and

conservation embedded into its framework. The restrooms inside this facility use low-flow water closets and urinals, saving 83,000 gallons of water a year. Instead of being evaporative cooled, Marshall’s is air-conditioned. This will save a whopping 6,000,000 gallons of water per year. The roof of this facility is painted white to avoid trapping heat from the sun, and its HVAC energy system is designed to save energy for the entire building as a whole. The building also uses natural lighting to light many of the areas making the use of artificial lighting low and keeping costs low. When the facility was being constructed, the waste was recycled and the material used was low in volatile organic compounds.

Deve loper: Caliber Companies

ContraCtor: Caliber Development

arCh iteCt: Form Design

Brokerage: HreC investment aDvisors

loCation: 4300 e. WasHington st., pHoenix

CompleteD: DeC. 12, 2013 - pHase i

Deve loper: trammell CroW/ Clarion partners

ContraCtor: D.l. WitHers ConstruCtion

arCh iteCt: butler Design group

Brokerage: Cbre

S iz e: 486,241 sF

loCation: 1100 n. 127tH ave., avonDale

CompleteD: may 16, 2013

Deve loper: City oF sCottsDale

ContraCtor: HoWarD s. WrigHt, a balFour beatty Company

arCh iteCt: populous arCHiteCts

S iz e: 310,000 sF

loCation: 16601 n. pima rD., sCottsDale

CompleteD: DeC. 23, 2013

Deve loper: lge/silagi Development

ContraCtor: lge Design builD

arCh iteCt: CaWley arCHiteCts

Brokerage: lee & assoCiates

S iz e: 604,000 sF

loCation: surprise

CompleteD: august to november 2013

OPEN84EMR

D.P. ElectricAetna Build-to-Suite: Wespac Construction, Inc., Liberty Partner Limited Partnership

City of Maricopa HallOkland Construction, City of Maricopa, Gensler

ContinuumRSG Builders, Capitol Commercial Investments

Fennemore CraigRyan Companies, Fennemore Craig, Gensler

MISSION CRITICAL

RENEWABLE ENERGY

HEALTHCAREDEPENDABLE PEOPLE DEPENDABLE PERFORMANCEwww.dpelectric.com | 480.858.9070 | 6002 S. Ash Ave., Tempe AZ 85283 | ROC 111176, ROC 111170, ROC 289783

P WER

24 7

SERVICE

is proud to be a part of the following projects nominated for the 2014 RED Awards:

59

CUSHMAN & WAKEFIELD HONORS OUR

2013 TOP PRODUCERSCUSHMAN & WAKEFIELD HONORS OUR

2013 TOP PRODUCERS

CHRIS TOCIInvestment Properties

LARRY DOWNEYCorporate Services

MICHAEL WHITEOffice Properties

JIM CREWSMultifamily Properties

GREG VALLADAOInvestment Properties

BRETT POLACHEKMultifamily Properties

JIM WILSONIndustrial Properties

JOHN GRADYIndustrial Properties

JACKIE ORCUTTIndustrial Properties

TIM LOVEValuation & Advisory

ADAM MADISONRetail Advisory Services

2555 East Camelback Road, Suite 300, Phoenix, Arizona 85016 1+ (602) 253 7900 www.cushmanwakefield.com

JERRY JACOBSOffice Properties

THE HUB ON CAMPUS(MORE THAN 250KSF)

Deve loper: Core Campus

ContraCtor: beal DerKenne ConstruCtion

arCh iteCt: Hpa arCHiteCture

Brokerage: apartment realty aDvisors

S iz e: 410,000 sF

loCation: 323 e. veterans Way, tempe

CompleteD: July 2013

Deve loper: allianCe resiDential Company

ContraCtor: allianCe resiDential Company

arCh iteCt: orb arCHiteCture

S iz e: 271,414 sF

loCation: 2625 e. CamelbaCK rD., pHoenix

CompleteD: november 2013

Deve loper: ConCorD eastriDge

ContraCtor: HarDison/DoWney ConstruCtion

arCh iteCt: ayers saint gross

S iz e: 350,000 sF

loCation: 455 n. 3rD st., pHoenix

CompleteD: July 2013FINA

LIST

S

BEST MULTI-FAMILY PROJECT

BROA

DSTO

NE O

N CA

MEL

BACK

ROOS

EVEL

T PO

INT

The Hub on Campus sits near the Sun Devil Stadium on ASU’s main campus and is focused on the college and city lifestyle. The location is between

two ASU property lines and the light rail, meant to promote the use of public transporation. The triangular shape and compact site created many unforeseen challenges including a limited working space; complex communication problems for constructing, building, and planning the building; integration of the existing Tempe landscape; and the preservation of the historical Native American site. The Hub promotes a balance of sustainability and luxury amenities for its residents. It is seeking LEED accreditation and provides a 40KSF amenity deck with a 23-foot outdoor LED screen, two outdoor pools, sand volleyball court, fitness center, 40 personal hot tubs and yoga room.

(LESS THAN 250KSF)ENCORE ON FIRST

Subheader

Deve loper: urban Development partners & paCiFiCap Development

ContraCtor: oKlanD ConstruCtion

arCh iteCt: sera arCHiteCts

S iz e: 92,000 sF

loCation: 25 W. 1st ave., mesa

CompleteD: nov. 15, 2013

Deve loper: ameriCan Campus Communities


arCh iteCt: stuDio ma

S iz e: 218,000 sF

loCation: 600 e. university Dr., tempe

CompleteD: oCtober 2013

Deve loper: DesCo arizona aFForDable Housing

ContraCtor: aDolFson & peterson ConstruCtion

arCh iteCt: b iltForm arCHiteCture

Brokerage: butler Housing Company

S iz e: 100,000 sF

loCation: 1110 n 16tH st., pHoenix


FINA

LIST

S

Encore on First is one of downtown Mesa’s first private sector investments in nearly three decades, Squire Sanders reports. It is an 81-unit, transit-

oriented apartment community for independent seniors who desire a walkable lifestyle. The site is all about location, which is benefited by several civic amenities such as a library, three museums and the Mesa Arts Center. The building mixes the urban landscape setting with metal wall panels, colored glass landscape panels and white steel elements with a more tranquil rural look with a pocket park and reflecting pool. The building is built to attract residents and to catalyze future developments on the building and the surrounding area. Some other sustainable resources include a 60 KW solar plant located on the roof that is tied into the City of Mesa’s downtown power grid, electric vehicle charging stations, LED lighting and high-performance windows and appliances.

BEST MULTI-FAMILY PROJECTAS

U M

ANZA

NITA

HA

LLGA

RFIE

LD S

ACRE

D HE

ART

HOUS

ING


2014

Deve loper: allianCe resiDential Company

ContraCtor: allianCe resiDential Company

arCh iteCt: orb arCHiteCture

S iz e: 271,414 sF

loCation: 2625 e. CamelbaCK rD., pHoenix





S iz e: 350,000 sF



Deve loper: ameriCan Campus Communities


arCh iteCt: stuDio ma

S iz e: 218,000 sF

loCation: 600 e. university Dr., tempe


Deve loper: DesCo arizona aFForDable Housing

ContraCtor: aDolFson & peterson ConstruCtion

arCh iteCt: b iltForm arCHiteCture

Brokerage: butler Housing Company

S iz e: 100,000 sF

loCation: 1110 n 16tH st., pHoenix


MERCEDES-BENZ OF SCOTTSDALEDeve loper: autopilot Development serviCes

ContraCtor: JoHnson Carlier

arCh iteCt: barry r. barCus arCHiteCts /Davis

S iz e: 173,859 sF

loCation: 4725 n. sCottsDale rD., sCottsDale





S iz e: 350,000 sF



owner: arizona boarD oF regents



S iz e: 74,000 sF

loCation: 330 n. 1st ave., pHoenix


FINA

LIST

S

This sleek, glass-walled Mercedes-Benz showroom involved 100 percent reuse of an existing office building. This project was completed in two

phases because of existing tenant timelines, including a fully functioning dialysis center that moved out two months before construction finished. Other challenging features include a car ramp that connects the second- and third-floor showrooms. The building also includes sustainable resources such as an onsite storage of reclaimed water used for car washing and landscaping, rooftop HVAC units to reduce 50 tons of energy consumption by 25 percent, natural and motion sensor lighting, and maximum use of recyclable and local materials to minimize fuel consumption and waste. The dealership is also within close proximity of multi-family developments that require of the dealership and its amentities to have a sensitivity to the creation of unnecessary noise. RO

OSEV

ELT

POIN

TAS

U DO

WNT

OWN

SUN

DEVI

L FI

TNES

S CO

MPL

EX

MOST CHALLENGING

62 | march-april 2014 41

CYRUSONE DATA CENTERDeve loper: Cyrusone netWorK Company

ContraCtor: Je Dunn ConstruCtion

arCh iteCt: pHarCHiteCture/Corgan assoCiates

Brokerage: Jones lang lasalle

S iz e: 200,293 sF

loCation: 2335 s. ellis st., CHanDler

CompleteD: February 2013

Deve loper: Douglas allreD Company

ContraCtor: Willmeng ConstruCtion, inC.

arCh iteCt: balmer arCHiteCtural group

Brokerage: Cbre

S iz e: 64,657 sF

loCation: 1340 s. speCtrum blvD., CHanDler


Deve loper: liberty property limiteD partnersHip

ContraCtor: WespaC ConstruCtion, inC.


S iz e: 138,950 sF

loCation: 4500 e. Cotton Center blvD., pHoenix


FINA

LIST

S

BEST OFFICE PROJECT

ALLR

ED P

ARK

PLAC

E BU

ILDI

NG 5

AETN

A BU

ILD-

TO-S

UIT

2014

CyrusOne Chandler is one of the first data center developments to target LEED Silver Certification or higher. The exterior materials and building

colors were chosen for their highly reflective surfaces and resistances to heat transfer and louvered canopies were built to provide shade and reduce solar exposure. The landscaping consists of a combination of desert pallet plants and trees that are watered with an onsite reclaimed retention pond. CyrusOne plans to implement solar parking canopies. This energy efficient building caused complications during construction because of a quick timeline, specific building materials and attention to detail on being energy conscious. The project was also complicated by the fact that the design and construction teams were spread across the United States and had to rely on technology meeting tools and streamlined communication.




S iz e: 350,000 sF



owner: arizona boarD oF regents



S iz e: 74,000 sF

loCation: 330 n. 1st ave., pHoenix


Deve loper: Douglas allreD Company

ContraCtor: Willmeng ConstruCtion, inC.


Brokerage: Cbre

S iz e: 64,657 sF

loCation: 1340 s. speCtrum blvD., CHanDler


Deve loper: liberty property limiteD partnersHip

ContraCtor: WespaC ConstruCtion, inC.


S iz e: 138,950 sF

loCation: 4500 e. Cotton Center blvD., pHoenix


6 0 2 - 9 9 7 - 0 9 3 7 • s u n t e c c o n c r e t e . c o m

30 RED Hot YearsExperience means that we can assess a project quickly and respond with the best pricing

and fastest quality production in the Valley. It brings peace of mind that your project will be built not just right, but better.

Building in the Valley with the Vision of the Best Contractors in Phoenix

Deve loper: Capital CommerCial investments, inC.

ContraCtor: rsg builDers

arCh iteCt: pHarCHiteCture

Broker: Cbre

S iz e: 463,584 sF

loCation: 2501 s. priCe rD., CHanDler

CompleteD: January 2013

MCCORD HALL

Subheader

64 | march-april 2014 41

CONTINUUM SCIENCE & TECHNOLOGY PARK

owner: arizona boarD oF regents, For anD on beHalF oF arizona state university


arCh iteCt: rsp arCHiteCts

DeS ign arCh iteCt: KoHn peDerson Fox assoCiates

S iz e: 128,000 sF

loCation: 450 e. lemon st., tempe

CompleteD: June 24, 2013

Deve loper: City oF mariCopa


arCh iteCt: gensler

S iz e: 45,000 sF

loCation: 39700 W. CiviC Center plaza, mariCopa

CompleteD: september 2013

Deve loper: parsons Center For HealtH anD Wellness


arCh iteCt: Holly street stuDio

S iz e: 50,000 sF

loCation: 1101 n. Central ave., pHoenix


Deve loper: mariCopa County

ContraCtor: layton ConstruCtion

arCh iteCt: arrington WatKins arCHiteCts

S iz e: 13,000 sF

loCation: 201 W. JeFFerson st.

CompleteD: June 2013

Deve loper: WpD partners

ContraCtor: urban eDge builDers/ tK interior ConstruCtion


S iz e: 67,000 sF

loCation: 5632 n. 7tH st., pHoenix

CompleteD: may 2013

FINA

LIST

SFI

NALI

STS

The W. P. Carey School of Business’ new state-of-the art facility, McCord Hall, is home to Arizona State University’s graduate, MBA and executive

education programs. Consisting of instructional spaces, administrative offices, student and career services and social spaces, this monumental structure is designed to last a century on ASU’s Tempe campus. The structural slab and roof structure are a post-tensioned concrete that can be re-tensioned years from now to renew their strength. The building boasts numerous sustainable features, including a façade-specific shading system and a roof designed for a photovoltaic array that can provide electricity for buildings across the whole campus.

BEST REDEVELOPMENT PROJECT

BEST PUBLIC PROJECT

CITY

OF

MAR

ICOP

A HA

LLPA

RSON

S CE

NTER

FOR

HE

ALTH

AND

WEL

LNES

S (F

ORM

ERLY

SOU

THW

EST

CENT

ER F

OR H

IV/A

IDS)

MAR

ICOP

A CO

UNTY

CL

ERK

OF T

HE C

OURT

STH

E YA

RD

2014

This state-of-the-art business and technology campus is part of the foundation for thousands of future jobs in Chandler. Intended to make

Chandler and Metro Phoenix competitive on a national and global scale, it is designed to house corporate offices, customer service operations, advanced business services, technology, bioscience, and renewable energies. The City of Chandler endorsed and became an integral partner in the redevelopment process and made joint investments in the park infrastructure and horizontal improvements to further encourage the location of signature companies and high-wage jobs to the park. The former Motorola campus was renovated to include a new three-story atrium lobby, curtain wall glass, upgraded HVAC systems and a high-quality electrical and fiber infrastructure in order to meet Continuum’s proclaimed mantra: “where environment meets progress.”

Deve loper: City oF mariCopa


arCh iteCt: gensler

S iz e: 45,000 sF

loCation: 39700 W. CiviC Center plaza, mariCopa

CompleteD: september 2013

Deve loper: parsons Center For HealtH anD Wellness


arCh iteCt: Holly street stuDio

S iz e: 50,000 sF

loCation: 1101 n. Central ave., pHoenix


Deve loper: mariCopa County

ContraCtor: layton ConstruCtion

arCh iteCt: arrington WatKins arCHiteCts

S iz e: 13,000 sF

loCation: 201 W. JeFFerson st.

CompleteD: June 2013

Deve loper: WpD partners

ContraCtor: urban eDge builDers/ tK interior ConstruCtion


S iz e: 67,000 sF

loCation: 5632 n. 7tH st., pHoenix

CompleteD: may 2013

ScottSdale entertainment diStrict

Subheader

66 | March-April 2014 41

lookout mountain elementary School

Deve loper: TriyAr CoMpAnies

ContraCtor: LGe DesiGn BuiLD

arCh iteCt: CAwLey ArChiTeCTs, AV3 DesiGn sTuDio

S iz e: 26,200 sF

loCation: 7301 e. inDiAn pLAzA, 7333 e. inDiAn pLAzA, 4420 n. sADDLeBAG TrAiL, sCoTTsDALe

CompleteD: MAy 2013

Deve loper: wAshinGTon eLeMenTAry sChooL DisTriCT

ContraCtor: ADoLFson & peTerson ConsTruCTion

arCh iteCt: orCuTT | winsLow

Brokerage: The h2 Group, LLC

S iz e: 85,000 sF

loCation: 15 w. CorAL GABLes Dr., phoenix

CompleteD: AuGusT 2013

Deve loper: siMon properTy Group

ContraCtor: KiTCheLL

arCh iteCt: ArChiTeCTs orAnGe

S iz e: 74,800 sF

loCation: 144976 preMiuM ouTLeTs wAy #818, ChAnDLer

CompleteD: ApriL 2013

Deve loper: sTrATeGiC soLAr enerGy

ContraCtor: hArDison/Downey ConsTruCTion

arCh iteCt: DeBArToLo ArChiTeCTs

S iz e: 85,000 sF

loCation: 2727 w. BeLL rD., phoenix

CompleteD: noVeMBer 2013

Deve loper: DMB AssoCiATes

Brokerage: srs reAL esTATe pArTners

S iz e: 37,645 sF

loCation: 730 s. MiLL AVe., TeMpe

CompleteD: MAy 30, 2013

Deve loper: projeCT Green Box, nexTForT VenTures

ContraCtor: sunsTATe BuiLDers

arCh iteCt: BuTLer DesiGn Group

Brokerage: CBre

S iz e: 33,922 sF

loCation: 2600 w. GerMAnn rD., ChAnDLer

CompleteD: AuGusT 2013

Fina

list

sFi

nali

sts

Now the heart of Old Town, the Scottsdale Entertainment District started out as several older structures spread out over 57,000 SF of land. In 2012,

Triyar Companies and LGE Design Build united with the goal of redeveloping the block into a multi-user bar and restaurant district that would service residents and tourists. The space now consists of five noteworthy tenants, including The Derby, Dierks Bentley’s Whiskey Row, Hi-Fi Kitchen & Cocktails and Maya Day and Nightclub. Energy efficient components include 1-inch dual plane insulated glass, LED lighting and R-8 value roofing. Not only did the redevelopment finish on time and 100 percent leased by completition, it completely changed its surrounding area and dramatically increased the rent price of surrounding office space.

Most sustainable project

best retail project

Phoe

nix

Prem

ium

out

letS

Fry’

S m

arke

tPla

ce

Pow

erPa

raSo

lce

nter

Poin

t on

mil

lne

xtFo

rt d

a ta

cent

er

PhaS

e i

2014

The process of demolishing Lookout Elementary took place on an occupied and functioning campus. Now completed, the 21st century learning

environment features classrooms equipped with smart technology. Perhaps the biggest accomplishment of the redevelopment was its implementation of an energy-efficient geothermal system. This system attached geothermal heat pumps to a series of buried plastic pipes and is anticipated to save the district 40 percent on cooling and heating costs, estimated to be $1.8M. Additionally, the school has water-efficient landscaping in its courtyard, multi-layered insulation throughout its buildings, high-performance window glass, and ergonomically integrated and multifunctional sustainable design concepts.

Any firm can claim to be the best. We let the facts speak for themselves.

We thank our clients for making our success possible.

#1 in financial performance—by any measure1

#1 global real estate advisor2

#1 real estate outsourcing firm3

#1 in investment sales4

#1 in brokerage services5

#1 most admired brand6

#1 property management firm7

#1 in multi-housing brokerage services8

#1 Freddie Mac seller/servicer9

#1 in facilities management10

#1 in environmental sustainability11

#1 in corporate responsibility12

Only Fortune 500 real estate services firm13

1) Company financial filings; CBRE 2012 revenue: $6.5 billion; CBRE 2012 normalized EBITDA: $918.4 million; CBRE 2012 normalized EBITDA margin: 14.1%. 2) Euromoney, September 2012. 3) #1 outsourcing company among real estate services firms, IAOP, Fortune, July 23, 2012. 4) Real Capital Analytics, December 2012. 5) “Top 25 Brokerages,” National Real Estate Investor, April 2012, 9th consecutive year. 6) The Lipsey Company Brand Survey, 2013, 12th consecutive year; Highest-ranked commercial real estate services firm in Fortune’s Most Admired Companies ranking, March 2013; The Wall Street Journal marketing department subscriber survey, December 2011. 7) “Top 25 Property Managers,” National Real Estate Investor, July 2012. 8) Best multi-housing brokerage firm, Multi-Housing News, October 2011. 9) Freddie Mac ranking, 2012. 10) Best facilities manager for financial services (U.K.), European CEO Facilities Management Awards, September 2011. 11) Highest-ranked commercial real estate services firm in Newsweek’s Green Rankings 2012, October 22, 2012; U.S. EPA 2013 (Partner of the Year status six consecutive years). 12) Only commercial real estate services company on “Companies That Care Honor Roll,” The Center for Companies That Care, 2013, sixth consecutive year; Winner of the IAOP/ISG Global Outsourcing Social Responsibility Impact Award. 13) Fortune, May 21, 2012.

cbre.com/phoenix | cbre.com/tucson

Deve loper: simon property group

ContraCtor: KitCHell

arCh iteCt: arCHiteCts orange

S iz e: 74,800 sF

loCation: 144976 premium outlets Way #818, CHanDler

CompleteD: april 2013

Deve loper: strategiC solar energy


arCh iteCt: Debartolo arCHiteCts

S iz e: 85,000 sF

loCation: 2727 W. bell rD., pHoenix


Deve loper: Dmb assoCiates

Brokerage: srs real estate partners

S iz e: 37,645 sF

loCation: 730 s. mill ave., tempe


Deve loper: proJeCt green box, nextFort ventures

ContraCtor: sunstate builDers

arCh iteCt: butler Design group

Brokerage: Cbre

S iz e: 33,922 sF

loCation: 2600 W. germann rD., CHanDler

CompleteD: august 2013

FENNEMORE CRAIG


Deve loper: Fennemore Craig

ContraCtor: ryan Companies

arCh iteCt: gensler

Brokerage: Cbre

S iz e: 120,000 sF

loCation: 2394 e. CamelbaCK rD., ste. 600, pHoenix


Deve loper: C2 taC HolDings, llC

ContraCtor: rJm ConstruCtion



S iz e: 17,000 sF

loCation: 8475 s. emeralD Dr., tempe


FINA

LIST

S

After 12 years as a midtown Phoenix law firm, favorable market conditions encouraged Fennemore Craig to make a move to the dynamic and amenity-

rich Camelback Corridor, taking the opportunity optimize space by decreasing its overall square footage by approximately 20 percent. The reduction in square footage was accomplished through careful curtailment of file storage and secretary-to-attorney ratios, and the design of destination locations with dual uses in client-facing areas. Given the size and atypical floor plate of the building selected, the project became a planning and efficiency challenge. Rather than segregating the angularity of the exterior glass wall, the client chose instead to celebrate it. Navigating shifting budget priorities and constraints, the team utilized lower-cost systems furniture in secretary stations, reused attorney office furniture from the firm’s existing location, and simplified attorney wall elevations. The end result of this challenging project is a flexible space home to Fennemore Craig’s clients and colleagues, as well as an inviting location for community, social and charitable events.

BEST TENANT IMPROVEMENT PROJECT

C2 T

ACTI

CAL

INDO

OR

SHOO

TING

RAN

GEJO

BING

.COM

AT

SKYS

ONG

2014

Deve loper: Jobing.Com

ContraCtor: soutHWestern arCHiteCtural builDer

arCh iteCt: Hayes arCHiteCture/ interiors, inC.

Brokerage: plaza Companies

S iz e: 10,286 sF

loCation: 1375 n. sCottsDale rD., ste. 300, sCottsDale


MERIT AWARDS

MANZANITA HALLDeve loper: american Campus CommunitiesContraCtor: hardison/downey constructionarCh iteCt: studio maS iz e: 218,000 sFloCation: 600 e. university Dr.CompleteD: october 2013

MELROSE GATEWAY MONUMENTDeve loper: City of phoenixContraCtor: WeitzarCh iteCt: genslerloCation: 7th avenue, north of indian school road, phoenixCompleteD: november 2013

WESTWORLD TONY NELSSEN EQUESTRIAN CENTERDeve loper: City of scottsdaleContraCtor: Howard s. Wright, a balfour beatty CompanyarCh iteCt: populous architectsS iz e: 310,000 sFloCation: 16601 n. pima rd., scottsdaleCompleteD: Dec. 23, 2013

APS HYDER I I SOLAR PLANTDeve loper: apsContraCtor: mcCarthy building CompaniesarCh iteCt: taylor rymarS iz e: 220 acresloCation: HyderCompleteD: nov. 3, 2013

ARIZONA ICON AWARD: ECONOMIC IMPACT AWARD:

HONO

RABL

E M

ENTI

ON:

HONO

RABL

E M

ENTI

ON:

Deve loper: C2 taC HolDings, llC

ContraCtor: rJm ConstruCtion



S iz e: 17,000 sF

loCation: 8475 s. emeralD Dr., tempe


Deve loper: Jobing.Com

ContraCtor: soutHWestern arCHiteCtural builDer

arCh iteCt: Hayes arCHiteCture/ interiors, inC.

Brokerage: plaza Companies

S iz e: 10,286 sF

loCation: 1375 n. sCottsDale rD., ste. 300, sCottsDale


As the preeminent multidisciplinary real estate forum, with 40,000 members in nearly 100 countries, ULI facilitates an open, non-partisan exchange of ideas, information, and experience among local, national, and international industry leaders and policy makers dedicated to creating better places.

PEOPLE: Creating networks and building careers.

SHARING KNOWLEDGE: Practical information from experienced professionals.

THINKING BIG: A think tank or real estate development and land use challenges.

BUILDING BETTER COMMUNITIES: Working together to create better places.

BE A LEADER: Join ULI

Our mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.

Benefits of ULI Membership

www.Arizona.ULI.org

69

RSP ARCHITECTS


winner oF B eSt pUBliC proJ eCt: mCCorD Hall

F i nal iSt i n B eSt reDeve lopment proJeCt: tHe yarD

ARCHITECT OF THE YEAR2014

RSP Architects has served clients for 34 years in more than 10 market sectors. The company, headquartered in Minneapolis

has a three-foot-tall penguin named Opus for a mascot. With that said, RSP’s Phoenix office seems drawn to what can be described as “cool” projects. From the adaptive reuse of an old church to a Taco Guild in central Phoenix’s Old School O7 development to transforming an old motorcycle garage to a trendy restaurant hub known as The Yard, RSP is slowly adding vibrancy and density to the metro area. RSP was also involved with the innovative McCord Hall, which is a work of art as well as function on ASU’s main campus. RSP also worked on a student housing study at ASU and is currently working on collections for the School of Life Sciences at ASU, among other projects. The Phoenix office has also worked on two projects through a joint venture established in Kuala Lumpur, Malaysia.

winner oF B eSt i nDUStr ial proJ eCt: marsHall’s Distribution FaCility

F i nal iSt i n B eSt pUBliC proJ eCt: mariCopa County ClerK oF tHe Courts

GENERAL CONTRACTOR OF THE YEARLAYTON CONSTRUCTION

Layton may have overseen the 1.5MSF monstrosity that is the Marshall’s Distribution Facility, but our General Contractor of

the Year doesn’t look away from the small projects either. Sure, you can fit 21 NFL football fields or 28 Boeing 787 Dreamliners within the state-of-the-art industrial center, but how does that possibly compare to completing a tenant improvement project that makes office morale take a 180-degree turn for the better? In 2013, Layton took on 1.806MSF in projects worth $79,334,000. Layton already has $152M on the books in Arizona for 2014 and 2015 in projects tallying more than 1,256,500 SF. This year, Layton was a finalist in the renovation of the Maricopa County Clerk of the Courts building. The project transformed a maze of seven-foot high cubicles beneath a ceiling of generic fans into a the space in which employee morale and function could thrive. For such a large company to get satisfaction from a comparatively small project speaks to the character of the office culture and work ethic. As mentioned previously, the 1.5MSF Marshall’s Distribution Facility was this year’s Best Industrial Project. This year’s RED finalist and winner are proof of quality over quantity and a company that’s not afraid of the small — or incomprehensively large — projects.

Proud partners with the City of Phoenix as General Contractor on the MELROSE GATEWAY MONUMENT

GENERAL CONTRACTOR // CONSTRUCTION MANAGER // DESIGN-BUILDER

71


8 PeoPle to Know 2013

ARCHITECTS & ENGINEERS- PTK

SmithGroupJJr455 N. 3rd St., #250, Phoenixsmithgroupjjr.com · 602-265-2200

Responsibilities: Sr. Vice President, Corporate Practice LeaderYears at Company: 33 Years in CRE: 33Accomplishments: Medici has been with SmithGroupJJR since 1980 and has remained active in managing several of its key projects including TGen, Arizona Biomedical Collaborative and Freeport McMoRan Center. He is active in the the community and serves as co-chairman of the Annual Cystic Fibrosis Stair Climb & Firefighter Challenge; a member of St. Joseph’s Hospital Foundation Board; a member of the Scottsdale Cultural Council & SMoCA Board and past president of ASU Council for Design Excellence. His leadership enables SmithGroupJJR to achieve success both regionally and nationally.

michael l.medici, aia

Senior Vice President, Corporate Practice Leader

coe & Van loo conSultantS4550 N. 12th St., Phoenixcvlci.com · 602-264-6831

Responsibilities: Business developmentYears at Company: 22 Years in CRE: 37Accomplishments: Olson has more than 36 years experience in building what others say isn’t possible — complex civil engineering for private developments, water resources, municipal improvement projects, airport planning and design, construction specifications and inspection. In addition, he has provided consultant services and design expertise for petrochemical and marine industries along the Texas Gulf Coast. He has participated in various aspects of numerous major projects with a combined size in excess of 75,000 acres.

leS F.olSonPresident

WeStlake reed leSkoSkyOne E. Camelback Rd., #690, Phoenixwrldesign.com · 601-212-0451

Responsibilities: Principal/Director, WRL Phoenix; Project DirectorYears at Company: 5 Years in CRE: 30Accomplishments: Olson is a leader in integrated A/E design and project delivery. She builds strong teams serving Arizona real estate through top management, and multiple roles. Her expertise in LEED sustainable design, project delivery, design build, and BIM places her at the forefront. She drives the success of WRL’s Arizona studio, guiding strategic development and expansion in the West. Her 30-year experience in project management spans new construction and renovation, a range of construction types and budgets, including large complex projects.

rebeccaolSon, aia,

leed apPrincipal, Director of Phoenix Studio

dlr Group6225 N. 24th St., #250, Phoenixdlrgroup.com · 602-381-8580

Responsibilities: Chairman of DLR GroupYears at Company: 41 Years in CRE: 41Accomplishments: Pearsall became Managing Principal at DLR Group in 1986 and received his Fellowship in the American Institute of Architects in 1987. He is chairman of the National AIA Large Firm Roundtable and on the Board of Regents of the National American Architectural Foundation.

brycepearSall, Faia

Chairman

phX architecture7507 E. McDonald Dr., #B, Scottsdalephxarch.com · 480-477-1111

Responsibilities: Lead Architect and Principal, business and project management Years at Company: 2 Years in CRE: 12Accomplishments: Peterson is licensed in several Western states, and is an active member in AIA Arizona. He serves as a board member for Valley Forward. He was voted Best Architect in AZ Foothills - Best of Our Valley, and has designed projects that have been featured in publications such as LUXE, Phoenix Home & Garden, Luxury Home Quarterly, AZ Foothills, and Mountain Living Magazines. Designing award winning projects, including clubhouses, custom residences, restaurants, and office, Peterson has led PHX Architecture to continued success.

erik b. peterSon aia

Principal

dWl architectS + plannerS, inc.2333 N. Central Ave., Phoenixdwlarchitects.com · 602-264-9731

Responsibilities: President of DWL, leading the Transportation Services Group.Years at Company: 24 Years in CRE: 32Accomplishments: Rao’s notable accomplishments include Phoenix Sky Harbor International Airport’s Terminal 4 and the West Terminal Expansion project at Phoenix-Mesa Gateway Airport. He has managed more than $700M worth of aviation work. He is actively involved in the Arizona Airports Association, Airport Consultants Council, Southwest Chapter of the American Association of Airport Executives, and currently sits on the Board of Directors for the Support Sky Harbor Coalition, Discovery Triangle and East Valley Aviation & Aerospace Alliance.

SteVerao, aia

President

PTK_6-11_PTK_2013_Architects & Engineers.indd 8 4/30/13 10:08 AM

Inimenti orpore verum hicatiunti quae aute laboribusdam doluptatur, estiae nissendus pliatur, sim aligenist denim etus eium re consequ iaeped ma de quam quidernatum sedis enit fugitiis parum inctur autem quaerch illiqui toreper issimolende pelesenitia desto ium, ullorem facea culpa cus dolum fugit provid et laccuptatur?Onse nonectia que conecat iandis et lam aut aut et re re endit verum eum re sitis cores reptatem reperuptat.Odici si audicienis mint, omni dolum ad moluptatiis dis volo derfers per-natiunt vollabo. Otatquatur modiore stiissit facculluptam et repre pernatios voluptat ersperrum eos dolupta sperend ucimpe comnimusanto dol-

liquianis volupta temposseque eic to eici undit o cia aut fugitiatur?Et fugiasinti utecae volorrum volore sus nos eatur, ut labore pe-disci isquisq uibusapedit utat viduciu mquaes con res eos ad quid maionse inisciis eum doloria incit, quam, sa et int, to el magnimus.Berferesci non re intiusamet apid miniam quo bero in re minvell uptibus nissuntem fug Inimenti orpore verum hicatiunti quae aute laboribusdam do-luptatur, estiae nissendus pliatur, sim aligenist denim etus eium re consequ iaeped ma de quam quidernatum sedis enit fugitiis parum inctur autem quae-rch illiqui toreper issimolende pele-senitia desto ium, ullorem facea culpa

cus dolum fugit provid et laccuptatur?Onse nonectia que conecat iandis et lam aut aut et re re endit verum eum re sitis cores reptatem reperuptat.Odici si audicienis mint, omni dolum ad moluptatiis dis volo derfers per-natiunt vollabo. Otatquatur modiore stiissit facculluptam et repre pernatios voluptat ersperrum eos dolupta sperend ucimpe comnimusanto dol-liquianis volupta temposseque eic to eici undit o cia aut fugitiatur?Et fugiasinti utecae volorrum volore sus nos eatur, ut labore pe-disci isquisq uibusapedit utat viduciu mquaes con res eos ad quid maionse inisciis eum doloria incit, quam, sa et int, to el magnimus.Berferesci non re

University of Arizona’s Health Sciences BuildingPhoenix, Arizona

FACTS & FIGURESOWNER: se debita nonecea quidero offi cte molent audam unt om-modit atquae voluptios SIZE: sit libus, ut in etur? Qui corectium quo quis aborepe ommo ipsa sedit, cores dolupiciis dolupta tisitatur?ARCHITECT: Everumet vit ma nes et quia sam dolectur si te volore volorer feribus, omnis rem. Ficiae non ea cullor similluptat volese THE NEED: quae cup-tati orunto od magnate doluptat quae por sum hillaut ad quae por sumTHE CHALLENGE: ut do-lutectur, sus moloraten-dem sequunt magnati quias moluptaspis veli-quo cullibus vent peditat entionem qui

SUPPORT TEAMCONTRACTORS: se debita nonecea quidero offi cte molent audam unt om-modit atquae voluptios sit libus, ut in etur? Qui corectium quo quis aborepe ommo ipsa sedit, cores dolupiciis dolupta tisitatur?

PeoPle to know is exPanding in 2014

PEOPLE TO KNOW

CATEGORIESArchitectsEngineersAttorneys

Brokers Developers

Finance AccountingGeneral ContractingProperty Managers

Subcontractors

PROJECTS TO KNOWCATEGORIESAdaptable Re-UseArt/Entertainment Office Development Industrial DevelopmentGovernmentHealthcare Facilities Hospitality Multi Family Retail/Mixed Used Development Tenant Improvement Educational Facilities

For more information call: 602.277.6045 or visit azBIGmedia.com

PEOPLE TO KNOW

PROJECTS TO KNOW

AZRE Magazine will combine the top People to Know with the top Projects to Know — all in one issue! This annual special edition will feature the best commercial real estate projects that define our state with the

people who make them happen.

PEOPLE TO KNOW will reveal updated interviews that add more personality

to the profiles than ever before.

PROJECTS TO KNOW acknowledges Arizona’s landmark developments in a range of categories and notable additions to cityscapes statewide.

+

PeoPle to know is exAZRE Magazine will combine the top

This annual special edition will feature the best commercial real estate projects that define our state with the

Coming

november

Sample page/People to Know Sample page/Projects to Know


8 PeoPle to Know 2013

ARCHITECTS & ENGINEERS- PTK

SmithGroupJJr455 N. 3rd St., #250, Phoenixsmithgroupjjr.com · 602-265-2200

Responsibilities: Sr. Vice President, Corporate Practice LeaderYears at Company: 33 Years in CRE: 33Accomplishments: Medici has been with SmithGroupJJR since 1980 and has remained active in managing several of its key projects including TGen, Arizona Biomedical Collaborative and Freeport McMoRan Center. He is active in the the community and serves as co-chairman of the Annual Cystic Fibrosis Stair Climb & Firefighter Challenge; a member of St. Joseph’s Hospital Foundation Board; a member of the Scottsdale Cultural Council & SMoCA Board and past president of ASU Council for Design Excellence. His leadership enables SmithGroupJJR to achieve success both regionally and nationally.

michael l.medici, aia

Senior Vice President, Corporate Practice Leader

coe & Van loo conSultantS4550 N. 12th St., Phoenixcvlci.com · 602-264-6831

Responsibilities: Business developmentYears at Company: 22 Years in CRE: 37Accomplishments: Olson has more than 36 years experience in building what others say isn’t possible — complex civil engineering for private developments, water resources, municipal improvement projects, airport planning and design, construction specifications and inspection. In addition, he has provided consultant services and design expertise for petrochemical and marine industries along the Texas Gulf Coast. He has participated in various aspects of numerous major projects with a combined size in excess of 75,000 acres.

leS F.olSonPresident

WeStlake reed leSkoSkyOne E. Camelback Rd., #690, Phoenixwrldesign.com · 601-212-0451

Responsibilities: Principal/Director, WRL Phoenix; Project DirectorYears at Company: 5 Years in CRE: 30Accomplishments: Olson is a leader in integrated A/E design and project delivery. She builds strong teams serving Arizona real estate through top management, and multiple roles. Her expertise in LEED sustainable design, project delivery, design build, and BIM places her at the forefront. She drives the success of WRL’s Arizona studio, guiding strategic development and expansion in the West. Her 30-year experience in project management spans new construction and renovation, a range of construction types and budgets, including large complex projects.

rebeccaolSon, aia,

leed apPrincipal, Director of Phoenix Studio

dlr Group6225 N. 24th St., #250, Phoenixdlrgroup.com · 602-381-8580

Responsibilities: Chairman of DLR GroupYears at Company: 41 Years in CRE: 41Accomplishments: Pearsall became Managing Principal at DLR Group in 1986 and received his Fellowship in the American Institute of Architects in 1987. He is chairman of the National AIA Large Firm Roundtable and on the Board of Regents of the National American Architectural Foundation.

brycepearSall, Faia

Chairman

phX architecture7507 E. McDonald Dr., #B, Scottsdalephxarch.com · 480-477-1111

Responsibilities: Lead Architect and Principal, business and project management Years at Company: 2 Years in CRE: 12Accomplishments: Peterson is licensed in several Western states, and is an active member in AIA Arizona. He serves as a board member for Valley Forward. He was voted Best Architect in AZ Foothills - Best of Our Valley, and has designed projects that have been featured in publications such as LUXE, Phoenix Home & Garden, Luxury Home Quarterly, AZ Foothills, and Mountain Living Magazines. Designing award winning projects, including clubhouses, custom residences, restaurants, and office, Peterson has led PHX Architecture to continued success.

erik b. peterSon aia

Principal

dWl architectS + plannerS, inc.2333 N. Central Ave., Phoenixdwlarchitects.com · 602-264-9731

Responsibilities: President of DWL, leading the Transportation Services Group.Years at Company: 24 Years in CRE: 32Accomplishments: Rao’s notable accomplishments include Phoenix Sky Harbor International Airport’s Terminal 4 and the West Terminal Expansion project at Phoenix-Mesa Gateway Airport. He has managed more than $700M worth of aviation work. He is actively involved in the Arizona Airports Association, Airport Consultants Council, Southwest Chapter of the American Association of Airport Executives, and currently sits on the Board of Directors for the Support Sky Harbor Coalition, Discovery Triangle and East Valley Aviation & Aerospace Alliance.

SteVerao, aia

President

PTK_6-11_PTK_2013_Architects & Engineers.indd 8 4/30/13 10:08 AM

Inimenti orpore verum hicatiunti quae aute laboribusdam doluptatur, estiae nissendus pliatur, sim aligenist denim etus eium re consequ iaeped ma de quam quidernatum sedis enit fugitiis parum inctur autem quaerch illiqui toreper issimolende pelesenitia desto ium, ullorem facea culpa cus dolum fugit provid et laccuptatur?Onse nonectia que conecat iandis et lam aut aut et re re endit verum eum re sitis cores reptatem reperuptat.Odici si audicienis mint, omni dolum ad moluptatiis dis volo derfers per-natiunt vollabo. Otatquatur modiore stiissit facculluptam et repre pernatios voluptat ersperrum eos dolupta sperend ucimpe comnimusanto dol-

liquianis volupta temposseque eic to eici undit o cia aut fugitiatur?Et fugiasinti utecae volorrum volore sus nos eatur, ut labore pe-disci isquisq uibusapedit utat viduciu mquaes con res eos ad quid maionse inisciis eum doloria incit, quam, sa et int, to el magnimus.Berferesci non re intiusamet apid miniam quo bero in re minvell uptibus nissuntem fug Inimenti orpore verum hicatiunti quae aute laboribusdam do-luptatur, estiae nissendus pliatur, sim aligenist denim etus eium re consequ iaeped ma de quam quidernatum sedis enit fugitiis parum inctur autem quae-rch illiqui toreper issimolende pele-senitia desto ium, ullorem facea culpa

cus dolum fugit provid et laccuptatur?Onse nonectia que conecat iandis et lam aut aut et re re endit verum eum re sitis cores reptatem reperuptat.Odici si audicienis mint, omni dolum ad moluptatiis dis volo derfers per-natiunt vollabo. Otatquatur modiore stiissit facculluptam et repre pernatios voluptat ersperrum eos dolupta sperend ucimpe comnimusanto dol-liquianis volupta temposseque eic to eici undit o cia aut fugitiatur?Et fugiasinti utecae volorrum volore sus nos eatur, ut labore pe-disci isquisq uibusapedit utat viduciu mquaes con res eos ad quid maionse inisciis eum doloria incit, quam, sa et int, to el magnimus.Berferesci non re

University of Arizona’s Health Sciences BuildingPhoenix, Arizona

FACTS & FIGURESOWNER: se debita nonecea quidero offi cte molent audam unt om-modit atquae voluptios SIZE: sit libus, ut in etur? Qui corectium quo quis aborepe ommo ipsa sedit, cores dolupiciis dolupta tisitatur?ARCHITECT: Everumet vit ma nes et quia sam dolectur si te volore volorer feribus, omnis rem. Ficiae non ea cullor similluptat volese THE NEED: quae cup-tati orunto od magnate doluptat quae por sum hillaut ad quae por sumTHE CHALLENGE: ut do-lutectur, sus moloraten-dem sequunt magnati quias moluptaspis veli-quo cullibus vent peditat entionem qui

SUPPORT TEAMCONTRACTORS: se debita nonecea quidero offi cte molent audam unt om-modit atquae voluptios sit libus, ut in etur? Qui corectium quo quis aborepe ommo ipsa sedit, cores dolupiciis dolupta tisitatur?

PeoPle to know is exPanding in 2014

PEOPLE TO KNOW

CATEGORIESArchitectsEngineersAttorneys

Brokers Developers

Finance AccountingGeneral ContractingProperty Managers

Subcontractors

PROJECTS TO KNOWCATEGORIESAdaptable Re-UseArt/Entertainment Office Development Industrial DevelopmentGovernmentHealthcare Facilities Hospitality Multi Family Retail/Mixed Used Development Tenant Improvement Educational Facilities

For more information call: 602.277.6045 or visit azBIGmedia.com

PEOPLE TO KNOW

PROJECTS TO KNOW

AZRE Magazine will combine the top People to Know with the top Projects to Know — all in one issue! This annual special edition will feature the best commercial real estate projects that define our state with the

people who make them happen.

PEOPLE TO KNOW will reveal updated interviews that add more personality

to the profiles than ever before.

PROJECTS TO KNOW acknowledges Arizona’s landmark developments in a range of categories and notable additions to cityscapes statewide.

+

Coming

november

Sample page/People to Know Sample page/Projects to Know

w inner oF B eSt pUBliC proJ eCt: mCCorD Hall

F i nal iSt i n B eSt eDUCation proJeCt: asu DoWntoWn sun Devil Fitness Complex & mCCorD Hall

F i nal iSt i n moSt Challeng ing proJeCt: asu DoWntoWn sun Devil Fitness Complex

ARIZONA BOARD OF REGENTS

DEVELOPER OF THE YEAR

Whether it’s bringing groundbreaking development to Arizona’s college campuses or facilitating adaptive reuses

of existing structures, Arizona Board of Regents is behind many standout projects this year. ASU developed two modern fitness complexes in 2013 as well as the stunning new school for W. P. Carey graduate programs at McCord Hall. Looking forward, ASU will redevelop its Sun Devil Stadium, the College Avenue Commons (Block 12) project on its main campus and see the groundbreaking of its law center in downtown Phoenix as well as a redevelopment of the Annex along College Avenue north of the main campus. The University has the largest enrollment numbers in the nation and the aggressive development to match. That doesn’t mean University of Arizona and Northern Arizona University aren’t also aggressively developing. ABOR recently requested $1B from the state legislature for research development totalling 1,675,400 SF, which will include projects for all three universities.


2014

Thank you to our amazing clients and industry partners for collaborating with us on award-winning designs!

www.gensler.com

75


2014

State Farm operationS Center

tempe, az

372,408 SF; $73m

gm in Formational teChnologY i nnovation Center

ChanDler, az

170kSF

BROKERAGE OF THE YEAR: OFFICE - SALE

BROKERAGE OF THE YEAR: OFFICE - LEASE

THE DEAL:

THE DEAL:

BROKERAGE: CBRE

BROKERAGE: JONES LANG LASALLE

BARRYGABELExecutive

Vice PResident

KARSTEN PETERSON

Managing Director

CHRIS MARCHILDON

Sales Assistant

DAVE SEEGER

Managing Director

MINDY KORTH

Now Executive Vice President at

Colliers International

MARK GUSTIN

Managing Director

MARK DETMER

Managing Director

State Farm operationS Center

tempe, az

372,408 SF; $73m

gm in Formational teChnologY i nnovation Center

ChanDler, az

170kSF

TO OUR BUSINESS PARTNERS

FOR YOUR GROUNDBREAKING

SUPPORT.

TMC would like to recognizeour architects, Hobbs & Black,our General Contractor, JE Dunn, as well as the manyother vendors who helped support, design, build, equip, and furnish our new facilities.

We thank you for your hard work anddedication to this community project!

Choose Well | Choose TMC www.tmcaz.com

77

AZCREW2014

Charity Golf Tournament benefiting Fresh Start and AZCREW

May 2, 2014Gainey Ranch Golf Course

Patron Sponsor -Roofing Southwest

Caddie AuctionApril 16, 2014

The Adobe at The BiltmoreCaddie Sponsor - Ghaster Painting

For more information visit: www.golfiesta.dojiggy.com

GolFiesta!GolFiesta!

Does your Commercial Project

need Public Art?

AZ TOTEM ARTCustom Bird Feeders Ceramic Art Totems

aztotemart.comBy Appointment Only 602.677.5999

AD_Totem Art_RAZ2014.indd 1 2/26/14 3:50 PM

BOB RUSING


2014

Centerpo int on m i ll

tempe, az

127,027 SF; $38.35m

BROKERS OF THE YEAR: RETAIL SALE

THE DEAL: BROKERAGE: CBRE

BOB YOUNGSenior

Vice President

STEVE BRABANTSenior

Vice PResident

RICK ABRAHAMVice PResident

greenwaY v i llage SQUare

phoen iX, az

94,500 SF

BROKERS OF THE YEAR: RETAIL LEASETHE DEAL:

BROKERAGE: ARIZONA PARTNERS RETAIL INVESTMENT GROUP LLC

GLENN SMIGIELSenior

Vice President

INDUSTRIAL BROKERAGE OF THE YEAR

JAMES WILSONExecutive Director

MICHAEL WHITESenior Director

BROKERAGE: CUSHMAN & WAKEFIELD

Former F i rSt Solar FaC i l itY

meSa, az

1,328,075 SF

$107.6m

SoUthweSt log iStiCS Center

gooDYear, az

418,200 SF

THE DEAL: SALES

THE DEAL: LEASE

79

MAY - JUNE 2013

The Valley's deVelopmen Tcommuni Ty looking up

RISINGTO THE TOP

Healthcare p. 14USGBC Arizona p. 34

Valley Partnership p. 41

INSIDE

AZRE_Cover_MJ2013-FINAL.indd 1 4/30/13 4:52 PM

JANUARY-FEBRUARY 2013



AZRE_Cover_JF_2013.indd 1 12/21/12 4:36 PM

For additional information, call 602.277.6045 or visit,

azBIGmedia.com

MAY - JUNE 2013

TO THE TOP SPECIAL SECTION p. 30 SPECIAL SECTION p. 27


2013JANUARY-FEBRUARY 2014

INSIDE2014 OUTLOOK:

Industry experts' market predictions p.18

BOXED OUT: A retail space the

recession built p.34

COMPANIES TO WATCH:CRE's movers and shakers p.28

THIS IS THE FUTURE2014 OUTLOOK

AZRE_Cover_IFC_JF2014.indd 1 12/20/13 11:36 AM

Featured topics include: • Financing Real Estate • Healthcare Development & Construction • CCIM/Certified Commercial Investment Managers • USGBC/Green Building Supplement • AAED Awards • The Rockefeller Group Profile

Coming next issue

The Hub on Cam

pus, Tem

pe

2013

ENR Best R

esiden

tial P

roject

2014

RED Multi-

Family

Project o

f the Y

ear

www.bdconstruct.com 515-288-0345

azre magazine march/april 2014

Documents

arizona commercial real

real estate owners

corenet arizona

red fi nalists

az big media

red awards winnersinside

issue of azre

years fi nalists