Tag Archives: alisa timm

Mike Mertes, Az Big Media

2015 Most Influential Women in Commercial Real Estate

The 12 women who made AZRE’s Most Influential Women in Commercial Real Estate list are an extraordinary bunch. While that seems implied in the recognition, it’s something that goes beyond their professional achievements. Many of these women have held minimum wage jobs, slowly working through the ranks to a C-suite. A few have known the struggles of being a single parent and what it’s like to be the only female voice in a boardroom. All of these women are active in their communities and industry organizations. And, all of them are changing the Arizona landscape one deal, drawing and deadline at a time.

Kathy Bollinger

Danielle Casey

Cindy Cooke

Karen Halpert

Diane Reicher Jacobs, AIA

Alison Melnychenko

Jody Pokorski

Barbi Reuter

Maria Salenger, AIA

Catherine Thuringer

Alisa Timm

Vicki Williams

Photo by Mike Mertes, Az Big Media

Alisa Timm – Most Influential Women In Commercial Real Estate

Alisa M. Timm
Director of management services, Desert West Region Lincoln Property Company
Years in the industry: 25

Real estate is in Alisa Timm’s blood. Maybe that’s why she treats all of her clients and coworkers like family.

“Singling out a (favorite) deal is difficult because I would say the most memorable ones are the clients who keep coming back because you have grown the relationship with them,” she says.

From instigating team outings to TopGolf or company walks for autism, Timm works to keep her team members in touch with the community.

Timm is responsible for the development and delivery of property management services for Arizona, Nevada, Utah and New Mexico.

What is the hardest professional or personal challenge you’ve faced and how did you overcome it?
Most recently, I have been responsible for leadership in our region of a portfolio that has grown more than 40 percent with more than 115 percent employee growth in just two years. The challenge has been to provide vision with integrity while keeping the focus on bottom line results for our clients and customers. The results speak for themselves.

What do you consider your greatest professional accomplishment?
I opened an office for a major broker/property management company starting literally from a desk and a chair to several million square feet of properties under management. Change was constant and not always easy, but the opportunity was amazing and worth the blood, sweat and tears.

When you were a child, what did you want to be when you grew up and how did that aspiration affect your career?
Real estate is in my blood. My dad used to drive me around buildings and when my kids were young they used to ask if we had to go around the buildings before we went in! Two of three think they are going to be in real estate.

What is one little-known fact about you?
I have become a golf fanatic. I am terrible, but focused.

Camelback Square, WEB

Quantifying the Property Manager

An atrium’s high-reaching archway floods with sun throughout the day, but after the sun sets, lights installed along the ceiling kick on. Over time, those lights’ bulbs will burn out and it’ll fall on a CPM such as Alisa Timm, director of management services at Lincoln Property Company, to figure out how to change those out. The problem is they’re really up there. They’re so high, she says, that not even a lift would be enough to change them. At one of the brainstorming sessions, it was once even suggested the company should hire rock climbers to rappel into the atrium to change the lights. This beautiful design has just proven to have a really expensive operational cost. “That’s one expensive light bulb,” says Timm.

AlisaPRO

Alisa Timm

This is a case she makes for developers to utilize the insights of property managers when designing a building. While it’s not always such extreme issues as the bulb example, sometimes the insight can be as helpful as not installing an HVAC system above a conference room. More property managers, she says, are being brought into build-to-suits (BTS) in the Valley. In late January, LPC broke ground on the 258KSF office campus Waypoint, which is already 50 percent leased to American Traffic Solutions. However, Waypoint is just one of many BTS developments coming to the Valley, others include the State Farm Campus at Marina Heights, Garmin headquarters, GM IT Innovation Center, GoDaddy Global Technology Center and Isagenix at Rivulon in Gilbert.

Bret Borg, president of Borg Property Services LLC, says property managers have been particularly in high demand for office projects, like the ones listed above.

“If people can understand the way office buildings work, every dollar you save is probably $12 in value added to the building, in the landlord’s pocket,” he says.

Bret-Borg

Bret Borg

While working with Opus-West, Borg said property managers were even brought in to work on the parking garage of the Collier Center and advised on often overlooked issues such as the need to have a janitorial closet on every floor of a high-rise to save on costs for janitors to travel between floors to empty mop buckets.

“Solar is the biggest thing right now, trying to figure out whether it’s worth it,” Borg adds. “For the first few years, it’s a great option. Certainly there are some governmental incentives we can educate people on.”

He adds, “It’s encouraging that the operational side is getting more attention than it used to.”

Timm was one of many property managers who saw a return of leasing and market appropriate property management fees as vacancies decreased in 2014. LPC’s Camelback Square, a 173KSF business park with class-A office space, saw occupancy rise from 53 percent to 92 percent in a 24-month period. Rental rates increased by 13 percent per square foot (PSF).

“What that means for the client and customer/tenant is that the talent we’re able to pay to service that building is better,” Timm says. “The things we’re able to do in the building: keeping it maintained, up to standards … we can provide better services. The ripple effect is we can upgrade our software, hire more people, our offices expand and we rent more space.”

The Great Recession has led to The Great Exchange, the movement of properties by value-add buyers who purchased half-filled properties and return them to the market at 80-percent occupancy. This has helped institutions see Phoenix as a more stabilized market, says Timm.

“We saw a bunch in Camelback Square trade because value-adds came in,” says Timm of LPC.

Another popular turnabout for properties facing difficulties such as obsolescence can benefit from what Timm calls “white boxing.” This is how LPC approaches out-dated office suites. It costs about $6 to $8 PSF to white box, which essentially creates space in an office in ceiling heights and workplace openness.

“A lot of owners have a tenant improvement allowance and don’t want to spend it all at once. It’s our job to show them how successful they can be,” Timm says. “Every single day a tenant is not in a building, our client suffers.”

She recalls a property LPC tried to market for more than a year. After convincing the owner to white box, it leased in six months.

As a case study, Timm accepted the challenge to re-energize a class-A office building in metro Phoenix to increase leasing activity. The approach was to demo, redesign and construct vacant suites to increase the lease-ability of the office building. Overall construction costs came out to $20 PSF. Two suites were leased on 5+ year terms within four months of completion at rates between $21 and $22 PSF. The suites reportedly increased the building’s value with a combined transaction value of nearly $1 million.

Expect property managers to set off more than a few light bulbs in coming months.

Freeport Distribution Center, WEB

Lincoln Property Co. acquires Freeport Distribution Center

Lincoln Property Company (LPC) has acquired the two-building, 219,240-square-foot Freeport Distribution Center industrial project in southwest Phoenix. Freeport Distribution Center is located at the northwest corner of Buckeye Road and 51st Avenue, just minutes from the Phoenix Sky Harbor International Airport.

The project is a close-in infill site offering immediate connectivity to the I-10, I-17 and Loop 303 freeway. It boasts a strong tenant roster that includes Nestle North America and two Canadian-based, construction industry credit tenants: Moulding & Millwork (a subsidiary of Metrie) and Hardwoods Specialty (a subsidiary of Hardwoods Distribution, Inc.)

LPC purchased Freeport Distribution Center from Atlanta-based IDI Gazeley Brookfield Logistics Properties and California-based BlackRidge Real Estate Group. Brett Tremaine, Anthony Brent, Ryan Martin and Tom Simmons from HFF represented the seller. LPC will provide exclusive property management services for the new acquisition.

“Phoenix’s southwest Valley is an extremely sought-after industrial real estate submarket,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Freeport Distribution Center is a great example of the submarket’s strength and its potential to become even stronger as its key assets continue to stabilize.”

Krumwiede quickly engaged LPC’s property management team to capitalize on the project’s potential, and is looking for additional opportunities across the Southwest to do the same. “As a medium-size bay project, Freeport provides a nice balance to our regional portfolio. It is a welcome part of our company’s continued growth.”

“Freeport Distribution Center allows LPC to do what we do best, which is to bring a good asset up to its maximum value,” added Lincoln Property Company’s Director of Management Services Alisa Timm, who oversees a more than 6.5 million-square-foot management portfolio for the company’s Desert West Region. “We do this by providing the services that today’s owners need most: financial savvy, positive relationships and creative ideas that keep tenants and buildings at the top of their game.”

Located on approximately 11 acres at 5240 and 5302 W. Buckeye Road in Phoenix, Freeport Distribution Center includes one 135,114-square-foot industrial building and one 84,126-square-foot industrial building. The project features 25 – 28-foot clear heights, ESFR sprinkler system, front-load configuration and 240 – 260-foot shared truck court.

AZGF 10x4, WEB

Lincoln Property Co. wins International BOMA Award

Lincoln Property Company (LPC)’s LEED Platinum Arizona Game & Fish (AZGF) Department Headquarters in Phoenix is among only 14 buildings from across the world to earn an International BOMA “The Outstanding Building of the Year” (TOBY) award at this year’s BOMA conference, held last week in Orlando, Fla.

From left to right: Jamie Britton (Kimberly Clark, TOBY Award Sponsor), Steve Harrison (BOMA Fellow), Megan Watkins (accepting award for LPC and also is the BOMA Phoenix Vice President),  Susan Engstrom (BOMA Phoenix member and International Executive Committee Member), Karen Piper (BOMA Phoenix President), Mark Covington (BOMA Phoenix BAE),  Richard Greninger (BOMA International Chair & Chief Elected Officer).

From left to right: Jamie Britton (Kimberly Clark, TOBY Award Sponsor), Steve Harrison (BOMA Fellow), Megan Watkins (accepting award for LPC and also is the BOMA Phoenix Vice President), Susan Engstrom (BOMA Phoenix member and International Executive Committee Member), Karen Piper (BOMA Phoenix President), Mark Covington (BOMA Phoenix BAE), Richard Greninger (BOMA International Chair & Chief Elected Officer).

The TOBY awards are directed by the Building Owners and Managers Association (BOMA) and are the industry’s most prestigious honor for excellence in building quality and management. Competitors for this year’s international award came from as far away as Beijing, China.

“This event is the Super Bowl of building awards,” said Megan Watkins, Lincoln Property Company’s Senior Property Manager and Vice President of the Arizona BOMA chapter. “It was clear that every winning team took great pride in their building and was honored for the recognition. I was equally honored to accept an international award on behalf of LPC while presenting the AZGF building to the world.”

“This award couldn’t have happened without the work of an outstanding team, led by LPC’s Senior Property Manager Lauren Grant, Mark Weise at the AZ Game and Fish building and all of our vendor partners,” added Lincoln Property Company’s Director of Management Services Alisa Timm. “BOMA leads our industry in promoting excellence, and LPC is proud to be a part of it.”

This is the first time that the Desert West Region of LPC has earned a BOMA award at the international level. The win follows the company’s recent local and regional TOBY wins for the AZGF project in the Government Building Category. It is a particularly significant recognition for LPC, as the company is both the project’s property manager and its original developer.

The AZGF headquarters totals 117,115 square feet at 5000 W. Carefree Highway in Phoenix. It was developed by LPC in 2007 and is the first-ever project to achieve LEED Platinum certification nationally for the organization. The property is owned by the Arizona Wildlife Finance Corporation and managed by LPC.

LPC’s property management effort at the AZGF headquarters includes a strong, longstanding partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a law enforcement branch, 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, have generated a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

AZGF 10x4, WEB

Lincoln Property Co. advances to international TOBY awards

The Desert West Region of Lincoln Property Company (LPC) has advanced to the international “The Outstanding Building of the Year” (TOBY) awards competition for its management of the Arizona Game & Fish (AZGF) Department Headquarters in Phoenix. The awards program is directed by the Building Owners and Managers Association (BOMA) and is the industry’s most prestigious honor for excellence in building quality and management.

Arizona Game and Fish Department Headquarters

Arizona Game and Fish Department Headquarters

LPC earned a local TOBY award for the AZGF project (in the Government Building Category) in November 2013. It then advanced to the regional TOBY awards, which it also won. LPC will now move on to the BOMA/TOBY international competition, held this June in Orlando, Fla.

“We have been a part of the Arizona Game & Fish property from day one—first as its developer and then, for the past seven years, as its sole property manager,” said Lincoln Property Company’s Executive Vice President David Krumwiede. “Our longevity and relationships here make this a very special honor for us.”

The AZGF headquarters totals 117,115 square feet at 5000 W. Carefree Highway in Phoenix. It was developed by LPC in 2007 and is the first-ever project to achieve LEED Platinum certification nationally for the organization. The property is owned by the Arizona Wildlife Finance Corporation and managed by LPC.

“This headquarters serves as a functioning business operation for Arizona Game & Fish and as their grassroots outreach point to the community,” said Lincoln Property Company’s Director of Management Services Alisa Timm. “It has been a pleasure to share this project’s story with the U.S. commercial real estate industry. We’d be privileged to share the story with the world as well, with a win at the BOMA international competition.”

LPC’s property management effort at the AZGF headquarters includes a strong, longstanding partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a law enforcement branch, 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, have generated a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

Game and Fish, WEB

Lincoln Property Company Grows Portfolio to Highest Point in Office’s History

The Desert West Region of Lincoln Property Company (LPC) this week pushed its management portfolio to the highest point in the office’s history with the assignment of 7025 North Scottsdale. Under the leadership of new Director of Management Services Alisa Timm, the firm also retained 100 percent of its nearly 6 million-square-foot portfolio in 2013 through multiple sales transactions, and expects continued and significant expansion in 2014.

 

Alisa Timm

Alisa Timm

The announcement came on the same day that LPC earned The Outstanding Building of the Year (TOBY) award by the Building Owners and Managers Association (BOMA) for management of the Arizona Game and Fish (AZGF) Department Headquarters. Located at 5000 W. Carefree Highway in Phoenix, LPC developed the project in 2007. It was the first-ever project to achieve LEED Platinum certification nationally for the organization and LPC has retained the management assignment for the campus ever since.

We are known as a very successful property developer and owner, but we are also an exceptional property manager. In fact, 50 percent of our portfolio is third-party management,” said Timm, a 25-year industry veteran. “That we have retained these clients year after year, and through changes in ownership, is noteworthy and extremely unusual in a rising market like Phoenix, where volatility is increasing.”

Because LPC also owns and develops projects, we approach management assignments with an ownership attitude, which is different than other firms,” added Lincoln Property Company’s Executive Vice President David Krumwiede. “I consider our team the most elite managers. We have the talent, and we give our experts the time and resources they need to fully commit to a project’s goals in a very sophisticated way.”

For AZGF, this includes a strong partnership and forward-thinking processes that emphasize a healthy, cost-effective and productive workplace. Examples include a 24-hour fitness center, bunkhouse for visiting employees, facility and safety guidelines, and robust communications channels like intranet, web and group

AZ Game and Fish

AZ Game and Fish

email systems that generate the fastest possible response times for maintenance and management needs. LPC also works hand-in-hand with AZGF to give back to the community through local organizations and volunteer opportunities. These efforts, combined with a strong on-site presence, generate a 95 percent tenant satisfaction rate and routine 100 percent ratings for maintenance-related needs.

LPC’s management portfolio now also includes 7025 North Scottsdale. Totaling 91,148 square feet, the three-story, Class A office building provides direct frontage to Scottsdale Road, adjacency to market-leading amenities and prime mountain views. LPC’s new Senior Property Manager, Lauren Grant, will oversee the project. With almost 10 years of commercial real estate experience, Grant has managed more than 2 million square feet of Class A office and retail product in Arizona and California.

The new assignment joins an LPC property management portfolio that also includes contracts retained through sales transactions of Broadway 101 Commerce Park, an 11-building, 808,000-square-foot mixed-use project in Mesa, Ariz., and Sky Harbor Business Center (formerly Lincoln Sky Harbor), a 130,000-square-foot project located next to Phoenix Sky Harbor International Airport.

Property management is paramount to a building’s success, but it becomes particularly critical in challenging economic times,” said Timm. “We are honored that our clients retain us year after year. You know you are succeeding when owners come back to you time and again.”

Under direction by Timm, LPC expects to continue to grow that presence in 2014, with an emphasis on office, industrial and retail assignments, and with plans to grow its new Las Vegas office as well as expand into Utah and New Mexico in the next 24 months.

Newsmakers, AZRE Magazine September/October 2010

Newsmakers: AZRE Magazine September/October 2010

The newsmakers of September and October 2010.

Paul Klink, Alisa Timm and Sarah Searight joined the Cassidy Turley BRE Commercial property management division. Klink was named managing director Southwest Region; Timm was named associate vice president and Searight joined the company as property manager. Justin LeMaster joined the industrial group as senior associate. LeMaster previously was with NAI Horizon.

Dick Crowley was promoted to vice president of Kitchell Construction’s healthcare division. Crowley joined Kitchell six years ago as director of client services.

Neal Churney joined Johnson Capital as senior vice president. Prior to joining Johnson Capital, Churney was a director with Marcus & Millichap Capital, where he financed multi-family, office, industrial and retail properties.

Luke Snell joined Western Technologies as senior construction materials engineer. Snell formerly was with the Concrete Industry Management program at ASU’s Del E. Webb School of Construction.

Brian Ackerman joined Jones Lang LaSalle as senior vice president. He will specialize in the acquisition and disposition of office and industrial property throughout Arizona.

Anthony Lydon and Marc Hertzberg joined the industrial brokerage team as managing directors. Most recently with Cassidy Turley, the duo has a combined 50 years of experience in industrial real estate.

GPE Management Services added Mark Carrell and Shirley Hawley as senior commercial real estate professionals. Carrell is responsible for managing the 200,000 SF local portfolio of West Coast Capital Partners.

Grubb & Ellis expanded its Phoenix operation with the addition of the office and medical condo team of Sheila Bale, Colleen McPherson and Ryan O’Connor. David Cravath joined the multi-housing group as vice president. Also joining Grubb & Ellis are Steve Julius (senior associate) and Jesse Goldsmith (associate). Previously with Marcus & Millichap, they will specialize in retail investments.

ICSC appointed six Arizonans as volunteer officers for Arizona and New Mexico: Gordon A. Keig, Kornwasser Shopping Center Properties, state director; Jeff Manelis, The Pederson Group, Inc., government relations committee chair; Steven R. Helm, Macerich, alliance private sector co-chair; Jim Brennan, Vestar Development Co., operations chair; Dennis Barr, The Kroger Co., retail chair; and John C. Reva, SR Commercial Real Estate, next generation chair. All appointments are for the 2010-2011 term.

Dave Headstream and Mike Ratliff were named to the land services group of CB Richard Ellis in Phoenix. They join Jason Hyams, another CBRE first vice president, to form a new land services team.

James Abell, FAIA of James Abell & Associates Architects in Tempe received the Edward C. Kemper Award at the AIA convention in Miami. The Kemper Award is given annually to an architect who has contributed significantly to the profession through service to AIA.

Rowland Luxury Homes hired Mary Norton as director of marketing and business development.

MODE Real Estate Management Services hired Ryan King as tenant services coordinator to its commercial property management staff.

Voit Real Estate Services opened an Arizona regional office in Phoenix. Jason Quintel was named managing director for the area. Voit also announced the hiring of Robert A. Freund as COO. Phoenix is one of the operations he will oversee.

SmithGroup hired Michelle Romero as senior interior designer for the firm’s Workplace Studio. Romero formerly worked for Tempe-based DAVIS.

Brock Huttenmeyer was named director of pre-construction services for Haydon Building Corporation’s building division. Denise Arredondo joins Haydon’s building division as a junior estimator.

Boe Bergeson was named leader of business development in the Southwest Region for the Weitz Company. Bergeson will focus on mtunicipal, commercial, industrial, higher education, hospitality, federal, senior living, tenant improvements, renovations, retail and distressed properties.

CB Richard Ellis’ 12th Annual Charity Golf Tournament at Grayhawk Golf Club in Scottsdale raised nearly $35,000 for Valley charities and local chapters of national nonprofit organizations. Three charitable organizations will receive a sizable portion of the money: Childhelp, Phoenix Children’s Hospital and the Boys & Girls Clubs of Metropolitan Phoenix.

The Phoenix Asset Services Division of CB Richard Ellis announced that Camelback Esplanade III achieved Gold certification under the USGBC LEED rating system for Existing Buildings (EB). The 218,254 SF building at 24th St. and Camelback Rd. is the third CBRE-managed office building to earn the LEED-EB rating.

AZRE Magazine September/October 2010