Tag Archives: chandler

halloween

Tips for parents to keep Halloween healthy

It’s Halloween. You don’t want to be the house that’s known for giving out carrot sticks, but you’d also like to hand out sweet treats that’s aren’t so bad on kids’ teeth. That’s where Chandler Dentist J. Philipp’s suggestions can help:

The Good Candies

• Sugar free lollipops stimulate saliva production, which flushes away bacteria.

• Chocolate melts quickly and it’s best to stick to plain.

• Sugar-free gum helps dislodge food particles and stimulates saliva production, which can prevent tooth decay.

The Bad Candies

• Sticky, chewy treats like gummy bears, caramel and taffy stick to your teeth. Generally, the stickier the candy, they worse it is for your teeth.

• Sour candies have high acid levels that break down tooth enamel.

• Hard candies stay in your mouth longer, coating it with sugar.

•  Jawbreakers can actually chip your teeth

While getting a bag full of candy is a child’s dream, it can be a parent’s nightmare. That’s why Dr. Philipp offers the following advice:

• Set a time to eat candy. Kids need to know that eating sweets isn’t a non-stop activity. Moderation is key and when kids know they have a specific ‘treat time’ they’re less likely to think about candy at other times.

• Brush and floss after eating sweets – and make it fun. Let kids pick out their brushes and pastes – just make sure the toothpaste contains fluoride.

• Talk about oral health. Halloween shouldn’t be about the message that “candy is bad for you” but that “excess” is not good for your teeth. It’s not just candy, but also fruit juices and snacks like pretzels.

Chandler's Culinary Festival

Take a bite out of Chandler’s Culinary Festival

Sip, savor and indulge this Saturday at TASTE. Chandler’s Culinary Festival. Located at Downtown Ocotillo in Chandler, between Dobson and Price Rd, the doors open at 6 p.m. for this 21 and over event.

Featuring many East Valley restaurants serving an abundance of delectable cuisine, admission includes unlimited food tasting (while supplies last),12 drink samples and live entertainment by Big Daddy D and the Dynamites.

Pre-sale admission is $65 per person, and will be $80 at the door. Couples admission is available only through presale for $130 and includes everything mentioned above plus a gift bag with a bottle of wine, two souvenir glasses and other gifts from local restaurants, one per couple.

TASTE. Chandler’s Culinary Festival will also feature a silent auction with special gifts from local businesses and a wide variety of sports, movie and music memorabilia. 100% of the proceeds from the silent auction will benefit the American Foundation for Cardiomyopathy.

JUST THE FACTS

What: TASTE. Chandler’s Culinary Festival
Date: October 25, 2014
Time: 6 – 10 p.m.
Who: 21 and over
Cost: $65 Admission (Pre-Sale Only); $80 Day of Admission; $130 Couples Admission (Pre-Sale Only)
What: Unlimited food, 12 drink tickets, entertainment, vendors, restaurant competition
Where: Downtown Ocotillo, 2855 W Queen Creek Road, Chandler
Website: www.tastechandler.com
Social: @TASTEchandler

Stapley-Corp-Center-32

Big Deals: Office, June 2014 – July 2014

azre_big_dealsThere’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 (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Office Sales

1. Stapley Corporate Center, Mesa
180,083 SF; $32.5M
Buyer: Buchanan Street Partners
Seller: DESCO Southwest
Listing BrokerS: Chris Toci and Chad Littell, Cushman & Wakefield
BUYING BrokerS: Mark Gustin, JLL

2. 92 Mountain View, Scottsdale
115,200 SF; $24.1M
Buyer: Equus Capital Partners, LTD
Seller: Teachers Retirement System of Illinois
Listing Brokerage: CBRE

3. Scottsdale Gateway I, Scottsdale
106,931 SF; $20M
Buyer: Equus Capital Partners, LTD
Seller: Teachers Retirement System of Illinois
Listing Brokerage: CBRE

4. Chandler Corporate Center, Chandler
67,561 SF; $13,914,000
Buyer: Palisades Capital Realty Advisors
Seller: Held Properties
Listing Brokerage: JLL

5. Zanjero Falls, Glendale
147,405 SF; $9.1M
Buyer: Select Healthcare Solutions
Seller: Pacific Coast Capital Partners
Listing Brokerage: Cassidy Turley

Office Leases

Rivulon, Gilbert

Rivulon, Gilbert


1. Rivulon, Gilbert
150KSF
Landlord: Nationwide Realty Investors
Tenant: Isagenix International LLC
Landlord Brokers: Fred Darche and John Cerchiai, Lee & Associates
Tenant Brokers: Pat Williams and Andrew Medley, JLL

2. ASU Research Park, Tempe
110KSF
Landlord: Arizona State University
Tenant: Amkor
Landlord BrokerAGE: Cassidy Turley

3. City North, Phoenix
77,391 SF
Landlord: ScanlanKemperBard Companies
Tenant: Sprouts Farmers Market
Landlord BrokerAGE: JLL
TENANT BrokerAGE: Cresa

4. First Chandler Business Park, Chandler
70KSF
Landlord: MJA Investments
Tenant: Crown Castle
Landlord BrokerAGE: Lee & Associates
TENANT BrokerAGE: Colliers International

5. Black Canyon Tower, Phoenix
33,373 SF
Landlord: The Koll Company
Tenant: Homesite
Landlord BrokerAGE: Colliers International
TENANT BrokerAGE: JLL

Chandler Viridian, CBRE

CBRE to market office space at Chandler Viridian

CBRE has been awarded the marketing assignment for the ±240,000 SF office portion of Chandler Viridian, the $150 million, mixed-used project to be developed by Hines. The multi-faceted development project will be located on the former Elevation Chandler site near Chandler Fashion Center. Construction on the project is slated to begin 1Q 2015 and will include multifamily and hospitality components in addition to the premier, class A office product.

The Offices at Chandler Viridian will benefit from an excellent infill location in the heart of Chandler’s major employment and tech-hub. In addition to the strong corporate employment located to the southwest in the Price Road Corridor, the property will also boast proximity to numerous restaurant, retail and entertainment options within blocks of the project in addition to amenities that will be on-site upon Viridian’s completion.

Hines is a world-class developer with a keen understanding of what modern office users want and CBRE is incredibly excited to be a part of this project,” said CBRE’s Jerry Roberts, who along with Corey Hawley and Pat Boyle will head up the marketing and leasing team for The Offices at Chandler Viridian. “With its corporate friendly environment and diverse, well-educated workforce, Chandler Viridian will be located in the core of one of the Valley’s major employment hubs. Chandler is already well-known for drawing industry leaders from all knowledge-worker sectors including high technology, aerospace,bioscience and financial services. The addition of a premier, live-work-play environment offered by Hines’ Viridian will only serve to further enhance the area’s appeal for major employers.”

The state-of-the-art project is expected to draw the interest of major companies looking to locate or expand in metropolitan Phoenix, and will be a welcome addition to a submarket currently suffering from a dearth of available office product, particularly large blocks of quality contiguous, space. At the end of Q2 2014, the Chandler submarket led the Valley office market with a vacancy rate of 10.1 percent, compared to a 22 percent vacancy Valley-wide. Additionally, class A space in Chandler recorded a vacancy rate of only 3.9 percent at mid-year, compared to 16.9 for the entire metro area.

We expect The Offices at Chandler Viridian will be met with high demand from users. The City of Chandler is as business-friendly as any in the Valley and the community’s strong leadership has created an environment that companies want to locate in,” said Roberts. “Unfortunately, those users are currently faced with a lack of available product to suit their needs. Viridian will help to satisfy some of that demand.”

At build out, the 25.6-acre Chandler Viridian will feature 335 apartments units in a four-story building, ±240,000 square feet of office space in a six-story building, a 10-story, 150,000-square-foot hotel with 180 rooms and two pads for retail/restaurants. The pedestrian friendly project will feature gardens, promenades, courtyards and plazas that would be interconnected with 1.5 miles of paths and trails. The commercial components of office, hotel and retail will be developed on the northern portion of the tract and the multi-family residential units would be situated in the southern part of the site along the west side of the 101 Loop/Price Road Freeway and just north of the 202 Loop/San Tan Freeway.

 

Members of the development team break ground on Portico Place II in Chandler.

Irgens breaks ground on Portico Place II in Chandler

Portico Place II

Portico Place II

Irgens has broken ground on Portico Place II, a 48,173 sf, two-story, class-A multi-tenant office building located at 2195 West Chandler Boulevard. This speculative office building is being developed in response to growing demand for new, contemporary office space in the southeast Valley submarket by commercial office tenants. Current class-A office vacancy in the Southeast Valley is at a five-year low, and Portico Place II will be the first speculative, multi-tenant office building of similar size developed in the Valley in nearly six years.
“With Portico Place I recently finalizing leases to reach 100 percent occupancy we feel this submarket is one of the Valley’s most active business corridors, where Portico Place II can provide a high-profile opportunity for that aligns with the demand of office tenants in the southeast valley,” said Jason Meszaros, Vice President /Market Manager for Irgens. The modern design incorporated in the project is intended to provide regional office tenants many features that include:
·         Up to 48,081 RSF available; divisible to as little as 2,000 RSF
·         Very efficient floor plans of approximately 24,000rsf contiguous
·         Convenient surface parking, immediately accessible to the building at a ratio of 5 stalls per 1,000sf
·         Prominent building and monument signage available along Chandler Boulevard
·         Contemporary building common areas and finishes
Portico Place II is projected to be completed in March 2015. Project team members include Archicon (architect) and A.R. Mays Construction (general contractor) and Lee & Associates (listing broker). Adam Tolson, Bill Blake, and Colton Trauter with Lee & Associates have the leasing assignment for the project on behalf of Irgens.
“We feel strongly that the timing of Portico Place II’s delivery is well suited for the lack of inventory in the multi-tenant, Class A market in the 101/Chandler area,” said William Blake, Principal for Lee & Associates.
Neighboring the existing Portico Place I, Portico Place II is located ¼ mile east of the Loop 101 Freeway and one mile north of the Loop 202 SanTan Freeway at the southwest corner of Chandler and Dobson Roads. As part of a 15-acre mixed use project Portico Place II has retail and restaurant locations in walking distance as well as nearby regional amenities including Chandler Fashion Square, downtown Chandler, and various hotels. . The project is also less than one mile from Chandler Regional Hospital, and has corporate neighbors including Intel, Microchip, Bank of America, Orbital Science, eBay and Wells Fargo.

Chandler Corporate Center III, Rockefeller, WEB

Second spec building completed at Chandler Corporate Center

The Rockefeller Group announced today that it has completed its 82,000 square foot flex/office building on 8.2 acres at the Chandler Corporate Center campus. The building is the company’s second spec building in the office park.

“The success of the first spec office building at Chandler Corporate Center was a factor in The Rockefeller Group deciding to build another adjacent building.” said Mark Singerman, VP – Regional Director at The Rockefeller Group’s Phoenix office. “This building has been toured by financial services, software, IT, aerospace and automotive technology companies who want to be located in one of the Southwest’s fastest growing markets.”

“We appreciate the Rockefeller Group’s continued investment in our community.” Chandler Mayor Jay Tibshraeny said.  “Their growth and development ultimately means a more diversified job market for the region which will benefit Chandler for many years to come.”

The Rockefeller Group developed the new building with a ”flex” concept, which provides Class “A” office space but also allows for storage, light assembly, R&D, etc. in the tenant’s space. The buildings are typically lower cost for the tenant, with separate electric meters, no load factor, triple net or gross leases, at the tenant’s discretion, in a great looking building that projects a quality image for their employees, clients and visitors. The building also has an 18 foot clear ceiling height which allows for an open ceiling plan  as well as the most up-to-date IT infrastructure, HVAC technology and R-30 rated roof insulation.

“The flex building concept is especially attractive to clients with requirements exceeding 15,000 square feet looking to locate near Chandler’s Price Corridor, Intel and other large employers,” said James Smith, Interim Economic Development Director for the City of Chandler.  “I also think the volume of parking that The Rockefeller Group has incorporated onto the site – 6 spaces per 1,000 square feet – makes the building ideal for financial services or other back office operations.”

The building can accommodate one to six tenants with space needs as small as 10,000 to 15,000 square feet.  Phil Breidenbach, SIOR of Colliers International’s Phoenix office is currently marketing the building.

Coyote Center, main

Sundt Construction completes Coyote Center in Chandler

Sundt Construction, Inc. (www.sundt.com) recently completed the $28.6 million Coyote Center at Chandler-Gilbert Community College, Pecos Campus in Chandler, Arizona. In celebration of the multi-purpose facility’s grand opening, city officials came together for a ribbon-cutting ceremony on Sept. 24 to announce the achievement.

Coyote Center, SecondaryServing as a gathering place for the community and a gateway to the college’s campus, the 74,859-square-foot facility is among only a few in the nation to blend athletics and academics with enrollment and student services. Touted as a “one-stop” student services area, the Coyote Center includes a 2,500-seat arena surrounding a 10,000-square-foot gymnasium, a fitness center, athletic offices and locker rooms, classrooms and testing facilities, administration offices and conference rooms.

“This facility is not only a huge win for the students and faculty at Chandler-Gilbert Community College but for the community as a whole,” said Sundt Project Manager Chris Tinney. “The arena itself, with so much space available, will become an East Valley hub for local athletic competitions, special events and even community gatherings.”

Designed by Dick & Fritsche Design Group and Opsis Architecture to enhance the student experience, the Coyote Center is expected to earn LEED Gold certification from the U.S. Green Building Council. Sustainable features include a solar water-heating system, water-efficient fixtures, LED lighting technology, white roofing materials, and a sophisticated climate and lighting control system. The innovative design also includes raised access flooring and movable partitions, which will allow the college to adjust its space to the rapidly changing technology associated with higher education. Other features include taping and treatment areas with hydrotherapy and an expansive performance area, featuring a four-lane, 60-meter sprint track and other turf areas for outdoor training.

autism

Valley autism treatment centers open Oct. 18

Center for Autism and Related Disorders (CARD) announced the opening of its new treatment centers in Phoenix and Chandler with Family Fun Days scheduled on Saturday, Oct. 18.  CARD provides a variety of services using the evidence-based principles of applied behavior analysis (ABA) to treat the delays and challenges commonly associated with autism spectrum disorder (ASD) at over 28 centers worldwide.  ABA is the only scientifically validated treatment for ASD, and research shows that it is most effective when delivered early and at a high level of intensity.  The events will feature a presentation by leading autism expert, Dr. Doreen Granpeesheh, PhD, BCBA-D, child-friendly games and activities, food and refreshments.  The events are free and childcare will be provided.  To RSVP, contact s.price@centerforautism.com or call 818-345-2345 x322.

“We invite the community to join us for a fun-filled and informational day,” said Dr. Doreen Granpeesheh, founder and executive director of CARD.  “CARD’s goal is to ensure that every individual diagnosed with autism has access to top quality treatment for a brighter future.”

The first Family Fun Day will take place at the CARD office in Phoenix from 10:00 a.m. to 1:00 p.m.  The address is 2400 W. Dunlap Ave., Suite 100 in Phoenix, Ariz. 85021.  The next event will take place from 2:00 to 5:00 p.m. at the CARD office in Chandler at 290 S. Alma School Rd., Suite 01, Chandler, Ariz. 85224.

CARD services include center-based treatment, home-based services and supervision, integrated services for adults, parent training, and school shadowing.  Clients receive CARD’s cutting edge curriculum while receiving care from top quality ABA therapists and Board Certified Behavior Analyst (BCBA) supervisors.

The Centers for Disease Control and Prevention (CDC), estimates that one in every 68 children in America is diagnosed with ASD, with one in 42 boys and one in 189 girls diagnosed.  This is more than a 30 percent increase since the 2008 report.  As the prevalence of ASD has increased, services for children with ASD have not always kept pace with demand. As a result, families affected by ASD may encounter challenges when trying to access quality treatment. The increase in autism diagnoses and the lack of resources available to families in many communities leave parents struggling to access the services that are crucial to their child’s development.

hispanic

Valley cities rank high for Hispanic business climate

The United States is often dubbed “a nation of immigrants.” But lately the path to American citizenship has been a rough road, especially for an increasing number of Hispanics. Whether they’ve entered U.S. borders lawfully or otherwise, many have felt the sting of marginalization, racism and discrimination in every kind of social environment. And despite the unfriendly welcome, they’re as motivated as ever to put down roots in American soil in order to find better opportunities and improve their lives.

For Hispanics who’ve successfully integrated into American society, they also have managed to contribute significantly to the economy. Their collective impact is reflected in the growing quantity of Hispanic-owned businesses in the country, which stood at 3.1 million in 2013. Together, they hauled in an estimated $486 billion in revenue, as reported by Geoscape and the U.S. Hispanic Chamber of Commerce. Even the estimated 11.7 million undocumented immigrants in the U.S. bestow net positive gains on the national economy over time.

Equally as impressive, Hispanics opened businesses — many owned by self-employed individuals — at a rate more than twice the national average of 18 percent between 2002 and 2007, according to the most recent U.S. Census Bureau figures. Today, Hispanics and Latinos constitute the largest ethnic minority in the U.S. And by 2050, they could make up a third of the country’s population, quickly becoming what USHCC President and CEO Javier Palomarez appropriately described as “America’s business future.”

In celebration of National Hispanic Heritage Month beginning Sept. 15, WalletHub, a leading personal finance social network, assessed the minority business climate within the 150 largest U.S. cities. It did so by examining 19 key metrics such as Hispanic entrepreneurship rates, corporate tax systems and the share of businesses owned by Hispanics.

Among the Top 20 best cities for Hispanic entrepreneurs, Metro Phoenix is represented by two cities — Gilbert and Chandler. Below are the rankings of each of them together with the top metrics.

Gilbert ranks No. 4 for Hispanic business climate:
4th – Hispanic Renters to Hispanic Owners Ratio
12th – Unemployment Rate of Hispanics
15th – Housing Affordability for Hispanics
18th – Length of Average Workday

Chandler ranks No. 10 for Hispanic business climate:
15th – Unemployment Rate of Hispanics
18th – Income Growth of Hispanics
18th – Length of Average Workday
19th – Hispanic Renters to Hispanic Owners Ratio

sushi

Stingray Sushi celebrates 10 years, closes Old Town location

It’s a bittersweet day for the owners of Stingray Sushi. After 10 incredible years in Old Town Scottsdale, Stingray Sushi has shuttered its original location and is in the process of securing a bigger, better space in the heart of Scottsdale. But fear not Scottsdale sushi lovers, sister restaurant located right next door, Geisha A Go Go will be expanding their lunch offerings to seven days a week. Furthermore, the Stingray crew is already hard at work securing a new Old Town Scottsdale location, with plans to reopen in 2015.

“Back in 2003 we opened our little Sushi Bar inside a 2,300-sq.ft. space and we never thought Stingray would grow to include three additional restaurants all across the Valley,” says Bryan Chittenden, co-owner of Stingray Sushi along with Greg Donnally and Andrew Nam. “It’s bittersweet. We have so many amazing memories in that little space, we just outgrew it. We are super excited for our newest, bigger, and better location of Stingray in our home of Old Town Scottsdale.”

And speaking of new locations, Stingray Sushi is excited to announce it’s expanding to the South East Valley. Scheduled for completion in late October 2014, Stingray Sushi Chandler/Ahwatukee is housed inside a sleek, custom-built space just off the I-10 and Ray Road (900 N. 54th Street).

sushi_signThis stylish 5,000-sq.-ft. restaurant and lounge will feature Stingray’s signature bold, colorful and eye-grabbing décor, as well as two spacious and shaded dining patios. Here, guests will savor Chef Andrew Nam’s famously fresh, inventive take on traditional sushi, as well as a full selection of noodles, salads, soups, bento box lunches and signature entrées such as lobster dynamite, tempura battered king crab and yakiniku (shaved NY strip & Asian vegetables, stir fried in Korean soy sauce). Pair it all with a gourmet cocktail, beer or wine from Stingray Sushi’s extensive drinks list, handcrafted by renowned Valley mixologist, Jason Asher.

“We’ve been eyeing this neighborhood for a while,” says Bryan Chittenden. “We’re all big fans of the Chandler/Ahwatukee area and think it’s the perfect location for Stingray’s unique mix of great vibes and seriously awesome sushi.”

The new location at 900 N. 54th St. in Chandler will open late October 2014. Stay tuned for details at www.stingraysushi.com.

10373383_xxl

Chandler, Gilbert Youfit starting fitness classes for seniors

Seniors in Chandler and Gilbert stand to benefit greatly from Youfit Health Clubs’ partnership in the nationwide “SilverSneakers” program.

SilverSneakers encourages seniors to take control of their health by enjoying more physical activity. It provides free fitness-club memberships for seniors at any participating club across the country. And many health plans are now offering it as a benefit.

As a result of Youfit’s participation, seniors with healthcare plans such as Humana, AARP, AvMed, and Universal Health Care can now enjoy free membership in any of Youfit’s 10 clubs in the Valley. And they’ll have access to specially-trained SilverSneakers Advisors.

“We’re really excited about our involvement in the SilverSneakers program,” said Rick Berks, President/Founder of Youfit Health Clubs.

“It’s a win-win situation. For seniors, it’s a great chance to get in shape, and enhance their overall health. And for us, it’s a chance to give back to the folks in the Valley of the Sun, who’ve supported us enthusiastically.”

In addition, two Youfit clubs in the Valley – in Chandler and at one of the two Gilbert locations (870 E. Williams Field Rd.) – are now starting free exercise classes for seniors as part of the program. Seniors can move to the music as they increase muscular strength, range of movement, and stamina for daily living activities. The SilverSneakers class uses hand-held weights, elastic tubing with handles, and a ball for resistance training.

“We’re very interested in helping seniors adopt a program of ‘active aging,’” Rick Berks said. “It helps them live healthier and more-active lives, and there’s a very beneficial social aspect, as well. And seniors are not restricted to seniors-only classes – they can also take classes given to the general membership, such as zumba or yoga.”

Chandler Innovation Center

GM Officially Opens Information Technology Center

General Motors is adding to its roster of Information Technology Innovation Centers with today’s grand opening of a facility in the Phoenix area.

The center, which will enable GM to in-source the company’s innovation capabilities and tap into a pool of new and experienced IT talent, joins innovation centers already operating in Warren, Mich., Austin, Texas, and Roswell, Ga.

Randy Mott, senior vice president, Global Information Technology & chief information officer, was joined at the ribbon-cutting ceremony and grand opening by more than 20 local and national elected officials including Chandler Mayor Jay Tibshraeny, U.S. Reps. Matt Salmon and Kyrsten Sinema, Arizona House of Representatives President Andy Biggs and Speaker of the House Andy Tobin. Approximately 500 facility employees also attended the event.

GM’s IT innovation centers are part of a companywide transformation to improve performance, reduce the cost of ongoing operations and increase its delivery of innovation. GM announced Chandler as the site of the company’s fourth IT Innovation Center in March 2013, and construction on the 170,000 square-foot center was completed in June this year.

“We have made significant progress transforming GM IT over the past 20 months,” Mott said. “The success of the Chandler Innovation Center is yet another important proof point that illustrates our progress.”

GM expects to hire a total of 1,000 employees at the Chandler Innovation Center over the next five years. Approximately 500 employees are employed at the facility, about 25 percent of whom are recent college graduates.

“The official opening of the IT Innovation in Chandler and the creation of about 1,000 high-paying, skilled jobs is great news for the local economy,” said Arizona Gov. Jan Brewer. “Today’s event speaks volumes about the business-friendly environment we have created in Arizona, including our high-tech talent and competitive cost of operating. I could not be prouder of our state and what this announcement means for the future of Arizona’s economy.”

Said Tibshraeny: “GM is exactly the type of technology employer we need in Chandler and in our state. The GM Innovation Center is a perfect complement to Chandler’s Price Corridor, and furthers the city’s reputation as a regional hub for innovators and world-class IT professionals.”

Staying Innovative as a One Man Operation

Innovators get boost from Arizona Commerce Authority

The Arizona Commerce Authority (ACA) has selected 18 recipients for AZ Fast Grant, a highly competitive grant program that provides qualified Arizona-based, early stage technology companies with intensive training and technical assistance to help them commercialize their innovations, grow their businesses and create quality jobs.

“Early stage companies play a key role in developing innovations that fuel our state’s economy,” said Sandra Watson, President and CEO, Arizona Commerce Authority. “The AZ Fast Grant program helps companies with critical training, technical expertise and the ‘know how’ to secure additional funding and commercialization opportunities to propel their businesses.”

Companies may use AZ Fast Grant awards for professional consulting services (that may include an expert review of technology under development); a commercialization feasibility study; or other commercialization assistance such as training to compete more effectively for federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) funding programs.

More than 50 Arizona small businesses applied for this round of the AZ Fast Grant program and awardees represent a variety of target industries.

AZ Fast Grant Recipients include (Total: $141,000, plus an additional $134,000 in leveraged funds):

* Arbsource, Tempe – Bio & Life Sciences
* Arizona Medical Systems, Peoria – Bio & Life Science
* Elliptical Mobile, Chandler – Advanced Manufacturing
* Engineering Science Analysis Corp., Tempe – Aerospace/Defense
* Grannus, Tucson – Cleantech/Renewable Energy
* Hildeez Enterprises, Peoria – Bio & Life Science
* MediCoventures, Peoria – Bio & Life Science
* Movement Interactive, Laveen – Bio & Life Science
* Kulira, Peoria – Bio & Life Science
* Prime Solutions Group, Goodyear – Aerospace/Defense
* QuantTera, Scottsdale – Advanced Materials
* Saccadous, Scottsdale – Bio & Life Science
* Score Algae, Scottsdale – Cleantech/Renewable Energy
* SiO2 Nanotech, Phoenix – Advanced Materials
* StatTransfers, Flagstaff – IT-Software
* Verve, Peoria – Bio & Life Sciences
* Vicinity Health, Chandler – Bio & Life Sciences
* YourLabs, Tucson – IT-Software

“I can honestly say the AZ Fast Grant really helped us get over the hump,” said Joe Marvin, Founder and President of Prime Solutions Group, a systems engineering and IT services company providing consulting expertise to government and defense contractors. Prime Solutions Group received AZ Fast Grant awards this year and in 2013.

With the help of AZ Fast Grant program support and technical expertise, the company recently secured $1 million in federal funding from the U.S. Department of Defense for its SBIR/STTR program submission this past fall. “We used our last AZ Fast Grant for commercialization strategy development, and that went directly into our federal proposal,” said Marvin.

bioscience

Arizona bioscience industry producing ‘aha’ moments

AZBio Expo 2014 had “aha moments” at every turn. With over 250 entrepreneurs, innovators, business leaders, legislators, scientists and researchers in attendance, the energy was sizzling and the outlook endless. Here are just a few of the event highlights, appropriately, A to Z:

A – Access to Capital is the key. No money. No honey. Capital fuels innovation and commercialization. In the first panel discussion of the day – Funding Paths for Innovators – AZBio chief Joan Koerber-Walker engaged Mary Ann Guerra (BioAccel), Paul Jackson (Integrus Capital/Worthworm) and Kelly Slone (National Venture Capital Association) in a no-holds barred discussion. “The entire ecosystem has changed,” according to Slone. “After the tech bubble burst, available venture dollars have been virtually cut in half.” Guerra explains that only one in 100 will get angel funding – and then only one in 100 will get venture funding. We need to think of new ways to help our startup entrepreneurs get funding.” Jackson urges innovators to think like investors and offers one solution with his online valuation process, Worthworm.

B – Bridging the Gap with the 21st Century Cures Initiative. “No industry has to face the challenges we face to bring a product to market,” says Koerber-Walker. “We have new hope in the 21st Century Cures Initiative. Google it. Watch the videos, See what they are doing. There is exciting stuff happening and some of it is happening in Arizona.”

C — Cure Corridor. Scottsdale’s Mayor Jim Lane shares his pride and plans for the largest concentration of bioscience businesses in the U.S., the Cure Corridor, bounded on one side by the Scottsdale Airpark on the West, and the Fountain Hills Mayo facility on the East, “a major driver of our economy, with $2½ billion in direct economic impact and $3.5 billion in indirect impact.” According to Lane, “Health and wellness are a part of Scottsdale’s identity. We should never stop asking how we can find new answers alleviate pain, restore health and improve the quality of life.”

D – Discovery. Development. Delivery. Valley Fever Solutions CEO David Larwood shared his company’s formula for achieving success in development and funding – The Five R’s:

Right drug.
Right patient.
Right safety.
Right time. (How long before we can sell it?)
Right reimbursent.

E – Epigenetics and Personalized Medicine. Start-up company INanoBio founder and CEO Bharath Takupalli, explained that the genome sequencing market is expected to grow to $10 billion by 2020. With a unique capability to combine nanotechnology and biomedicine, his company is in the lead for building new solutions now. “We aim to develop a $100 ultrafast nanopore-based desktop sequencer – a point-of-care diagnostic” that will help change the face of healthcare, he explains.

F – Funding needs to be the focus for the future. According to a Flinn Foundation/Batelle report, “Arizona has many bioscience strengths and opportunities, but a substantial increase in private and public investment will be needed over the next decade to realize the [Flinn Foundation’s] Roadmap’s goals.” Last year, Arizona bioscience sector attracted $37 million in venture capital investment, up from $23 million from 2012, but that is only a fraction of the $9.8 billion invested nationally.

The goal is to increase the annual investment up to $40 million for seed capital in emerging companies and up to $125 million in venture capital.

G – Genomic advances hold high hopes for positively disruption. Explaining that healthcare premiums are growing at three times the rate of inflation and wages, Frederic Zenhausern, Ph.D., MBA, president of Whitespace Enterprise, says “The new era of precision healthcare (also called personalized healthcare) will provide more accessibility, transparency and health information to improve – dramatically – quality and lower cost over time.” His start-up company, based in Fountain Hills, develops methods for automating and miniaturizing the workflow processing of biological specimens.

H – Henry Ford.“I am looking for a lot of men who have an infinite capacity to not know what can’t be done,” said Henry Ford. So does Robert Penny, M.D., Ph.D., co-founder and CEO of the International Genomics Consortium and founder and CEO of Paradigm. “Phoenix has become the Grand Central Station for all the aggregating and analyzing cancer tissues. We have 10,000 tumors – and the information is publicly available. This will accelerate cancer discovery at a rate faster than ever,” he says. “This is a tidal wave that Arizona has led. Everyone in this room should be grabbing a surfboard and figuring out how to ride it.”

I – IPO: The nation’s top IPO of 2013 is right here in Chandler. With 380 percent growth in shareholder value, Insys Therapeutics, a commercial-stage specialty pharmaceutical company, ended the year with a market cap of $800 million. Darryl Baker, the chief financial officer, explained how the company, founded in 2002 by Dr. John Kapoor, was determined to discover better ways to deliver existing medications to patients. A sublingual fentanyl spray technology delivers treatments to opioid-tolerant cancer patients and holds real possibilities for better helping patients with acute pain, major burns and pediatric issues. In the R&D pipeline now is the development of a pharmaceutical cannabinoid, aimed at easing epilepsy, peripheral neuropathy and cocaine addiction.

J – Jobs: 107,000 bioscience jobs – good-paying and growing. Arizona has nearly 107,000 bioscience jobs, based on 2012 industry data, and the sector contributes an estimated $36 billion in revenue to the state’s economy, according to a study by the Ohio-based Battelle Technology Partnership Practice. Hospitals account for 83,000 of those jobs and $22 billion of the revenue. Arizona’s average annual wage in the bioscience sector is $62,775, 39 percent higher than the private-sector average, the report said. Not counting hospital jobs, the average wage for bioscience jobs jumps to $85,571. (2013 data).

K – Kalos Therapeutics is building a promising platform for future drug discovery. Start-up innovator Michael Kozlowski, OD, Ph.D., chief science officer of Kalos Therapeutics, explains that their focus on transforming the atrial natriuretic family of peptides engages a natural biochemical mechanism. This approach holds promise for people with pancreatic cancer because it results in a more complete response, reduced side effects and improved safety and a longer period of effectiveness.

L – Let’s leverage every resource, strength, collaboration and person we’ve got! Arizona’s bioscience industry is aiming to increase research revenue for institutions statewide by 69 percent over the next decade to $782 million and attract additional anchors for the sector.

M – Medtronic models aggressive, needs-focused growth. Keynote speaker Ron Wilson, vice president and general manager of the Medtronic Tempe campus made it clear that passion for people runs through his veins. Locating a small manufacturing facility here in 1973, the company’s facility today covers 30 acres, has 900 employees and generates $17 billion in revenues. How do they do it? We follow our founder’s vision still: We understand what the unmet needs are and we apply our knowledge for the good of people all over the world.”

N – Next Level. “Arizona has made unprecedented progress over the last decade in developing the talent, building research infrastructure, and growing its base. Taking it to the Next Level will require new collaborative partnerships, forward looking leaders, and aggressive investments from both the public and private private sectors to take our place in the top tiers globally,” shared Koerber-Walker. ”Now is our time. Let’s get it done!”

O – Orphans no more. Valley fever, considered an orphan disease, hits about 150,000 people a year – 60 percent live in central Arizona. Current treatments have major shortcomings, with about 60 percent of those treated being unresponsive. The result is 2,000 serious cases and 150 deaths a year. It affects pets in nearly equal proportion. David Larwood, CEO of Valley Fever Solutions, has some answers. His company is developing Nikkomycin Z (NikZ) as a dramatically superior potential cure for Valley Fever. To help raise awareness and prevention, the Arizona Board of Regents created Valley Fever Corridor project, a public health program led by University of Arizona College of Medicine’s John Galgiani, MD, who is also the chief medical officer for Valley Solutions.

P – Policymakers are on board. Gov. Jan Brewer’s time is coming to a close and it’s time to decide which candidate can bring their best to bioscience. Recognizing that the Arizona bioscience sector is growing at four times the rate of the national average, candidates Christine Jones, Doug Ducey, Fred Duval, Ken Bennett and Scott Smith shared their ideas on how to ramp up funding and revenues in 90-second videos. Koerber-Walker says, “The most important thing we can do this summer is vote in the primaries.”

Q – Cues: Here are a few Q’s for success. Some lessons learned, courtesy of Robert Penny:

Make sure you have:

Complementary skills and expertise
Trust
Interpersonal chemistry (It’s better to navigate bumps in the road with people you trust than people you don’t!)

Pick the right projects:

Big enough to be worthy of your efforts
Complex enough to need partnerships
Audacious enough to move the field

R – Remembering Polio: Can Looking Back Catapult Us Forward? How did we cure the world of polio? What did it take to conquer the most feared disease of the 20th Century? What threatens our world today and how can we continue to keep people healthy with the right vaccines, for the right person at the right time? Gaspar Laca, state government affairs director at GlaxoSmithKime, engaged David Larwood, CEO and president of Valley Fever Solutions (and a person who has been directly affected by polio) and Rep. Debbie McCune Davis, executive director of The Arizona Partnership for Immunization, in a rousing discussion of what’s happening in Arizona today, the mounting threats of the ”vaccine exemptors,” and what we need to do now. (See Vaccines.)

S – Shoes. Did you see those shoes? “Give a girl the right shoes and she can conquer the world!” Enough said.

T – Tucson’s Critical Path Institute creates new tools. A jewel in the bioscience crown – and located right here in Arizona! The Critical Path Institute (C-Path) is a breakthrough organization, creating a new movement: “consensus science.” Keynoter Martha Brumfield. Ph.D, president and CEO, shared what can be achieved when people come together with the belief that a “rising tide floats all boats.” Working to improve the unacceptable 95 percent failure rate in the testing of new drug therapies, C-Path is improving medical product development efficiencies by identifying pathways that integrate new scientific advances into the regulatory review process. Check out their Alzheimer’s clinical trial simulation tool.

U – United we stand. Mayors Jim Lane (City of Scottsdale) and John Lewis (Town of Gilbert) will join Koerber-Walker and an Arizona bioscience-business contingent next week at the 2014 BIO International Convention in San Diego (June 23-26), the world’s largest biotechnology gathering. They will surely scoop up new ideas, new connections – and with any luck, new investment!

V – Vaccines: Get ‘em! Talk about ‘em. Challenge the myths. Explain the realities. Polio. Measles. And whooping cough today. Without proper vaccinations, whooping cough (pertussis) could be the polio of our time. “As science-minded people, the best thing you can do is activate conversations about the importance of vaccinations. Here’s some help: Why immunize?

W – White Hat event brings in national investors. (Apply by July 15th.) “AZBio’s White Hat Investor’s Conference is the first ever life science specific investor conference to be held in Arizona,” says Koerber-Walker. “Kelly Slone [of the National Venture Capital Association] has been an amazing partner to bring this together along with the state bioscience association leaders from across the Rocky Mountain Southwest Region. Investors and investment firms from across the country will be here, so get involved. Even if you feel like you are not ready yet, take the leap and apply to present. “

X – “X” marks the spot for our next big gathering. Wear your White Hat! The West was won by innovators, investors, and prospectors who understood the value of discovery and accepted the challenge of investing in new frontiers. Meet a new generation of biotech and healthcare pioneers at White Hat Investors 2014, the first annual biotech and healthcare investor conference that showcases the best of the Rocky Mountain & Southwest Region.

Bioindustry Associations from across the Rocky Mountain and Southwest Region are coming together to present an opportunity for Angels, Venture Capitalists and Strategic Investors to connect with the best biotech and healthcare investment opportunities from across the Rocky Mountain & Southwest states at White Hat Investors 2014 in Phoenix, Arizona on September 17 & 18, 2014.

Presenting Companies will be selected from the region’s emerging innovator leaders in the fields of:

Diagnostics
Therapeutics
Medical Devices
Health IT

Y – Young Talent is being cultivated. We got it! With nearly 50 abstracts accepted and student presenters presenting at the Expo, Koerber-Walker got it right when she said, “These young people are going to be working on things that we can’t even begin to imagine!” Arizona’s tremendous mentoring people and organizations are sharing knowledge, support and inspiration. For example University of Arizona student Keeley Brown is destined to help the world crack the code on genetically modified foods and farming. (Her presentation was the “Epigenetic Effects of Transgenic Manipulation in Glycine Max (Soybeans).

Zzzzzzzzz – No one fell asleep at this conference! Catherine Leyen, founder and CEO of start-up RadiUp, says she comes to AZBio to stay abreast of the action, connect with like-minded people and soak up inspiration. Her verdict of AZBIO Expo 2014? Mission accomplished!

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Arizona Central Credit Union Launches Kids’ Website

ACCU smallArizona Central Credit Union is launching a new initiative to encourage financial literacy among children. Designed for children between the ages of 8 and 12, this program is intended to encourage sound financial habits and further an awareness of positive saving and spending practices.

Molly and Moe are the official mascots of the Monkey Money program, which incorporates an interactive website, children’s savings account and club member benefits. Games, stories, contests, jokes, definitions of financial terms, and information about the special Monkey Money savings program, can all be found on the website. Each month a new article and correlating activity will address a different financial theme. A coloring contest, which began at the launch of the website on June 21, 2014, will be held until July 31, 2014. Children don’t have to be Monkey Money members to enter, but can win cash prizes, and fun monkey items. Coloring sheets and the official rules for the contest can be found on the website.

“Arizona Central Credit Union is passionate about helping the children in our communities reach a higher level of financial literacy. By investing in creative and fun educational methods, we hope to encourage positive lifestyle patterns that will then translate into adulthood,” said Todd Pearson, President and CEO of Arizona Central Credit Union­.

Following the launch of the website on June 21st, Arizona Central Credit Union branches will be hosting a week-long youth event. Free gift basket raffle tickets and refreshments will be available at all branches. Arizona Central Credit Union will contribute a $10 deposit into Monkey Money accounts opened during this celebration week.

Founded in 1939, Arizona Central Credit Union has been serving members for over 75 years at 10 full-service branches, with offices in Phoenix, Tucson, Glendale, Chandler, Tempe, Flagstaff and Show Low. Visit www.azcentralcu.org or their Facebook Page, www.facebook.com/azcentralcu for more information.

My Sisters’ Charities Thrift Store is coming

My Sisters’ Charities Thrift Store grand opening celebration is planned for July.

My Sisters’ Charities Thrift Store grand opening celebration is planned for July.

First there was My Sister’s Closet (1991), then My Sister’s Attic (1997) and Well Suited (2001), and now the Valley’s most charitable sisters are at it again — opening My Sisters’ Charities Thrift Store in July of 2014.

At approximately 3,200-square-feet, the first location of My Sisters’ Charities Thrift Store will be located in Chandler at Fulton Promenade near Alma School and Chandler Heights.

“My Sisters’ Charities Thrift Store will offer the best selection and prices of any thrift store in the Valley and the best part is shoppers won’t have to pay sales tax when making a purchase at the thrift store,” said CEO and Founder, Ann Siner.

This past year Siner and her sister, Co-Founder Jenny Siner along with Head Stylist and sister Tess Loo, donated 32-percent of the net profits from the My Sister’s Closet stores to charity.

sisters in the field wiht a bike“There are so many worthy organizations out there to support and we believe focusing on a few areas at once makes the most meaningful impact,” said Ann Siner. “This is why we are very proud and excited to share with you the formation of My Sisters’ Charities foundation, a 501©3 organization. My Sister’s Closet, My Sister’s Attic and Well Suited contribute revenue, manpower and unsold merchandise to the foundation, which in turn help to protect wildlife in peril, heal women leaving abusive relationships and end the euthanasia of unwanted dogs and cats.”

My Sisters’ Charities also held its first fundraiser in April of 2014, at the Southwest Wildlife Conservation Center, to benefit SWCC and Defenders of Wildlife.

A grand opening celebration is planned for July. My Sisters’ Charities Thrift Store is located at 4985 South Alma School Rd. in Chandler, AZ 85248 or you can reach the store by calling (480) 775.5282. To get more information go to mysisterscharities.com.

From left: Stephen R. Lewis, Lieutenant Governor of Gila River Indian Community, David Rousseau, Chairman, Arizona Super Bowl Host Committee, Michael Bidwill, President of the Arizona Cardinals, Gregory Mendoza, Gila River Indian Community Governor, Jay Parry, President & CEO, Arizona Super Bowl Host Committee and Christopher Mendoza, District 4 Councilman. Also attached is a photo of Arizona Super Bowl Host Committee mascot, SPIKE.

Super Bowl Committee teams up with Gila River Community

The Arizona Super Bowl Host Committee announced its partnership with the Gila River Indian Community today during a press conference at the Sheraton Wild Horse Pass Resort and Spa in Chandler, Arizona. In attendance for today’s announcement were Arizona Super Bowl Host Committee Chairman David Rousseau, Gila River Indian Community Governor Gregory Mendoza, Arizona Cardinals President Michael Bidwill, and Arizona Super Bowl Host Committee mascot, SPIKE.

“We are proud to be partnering with The Gila River Indian Community and to work together to fuel the economic engine of Arizona,” said David Rousseau, Arizona Super Bowl Host Committee Chairman. “Our partnership will have multiple elements with a major focus on education, health and fitness for the youth of the Gila River Indian Community.”

A key component of the partnership will be working together to promote Arizona as the ideal location for businesses of all industries and sizes and a premier tourism destination well beyond Super Bowl XLIX. As part of the partnership, The Sheraton Wild Horse Pass Resort and Spa will be an official team hotel. The partnership will also include various economic and community initiatives to build relationships among all of Arizona’s cultural groups.

“The Gila River Indian Community is thrilled to be a sponsor of the Arizona Super Bowl Host Committee and to have the opportunity to help make the big game and all its associated events a success for Arizona. Our Community emphasizes partnership, economic opportunity and giving back to our neighbors in all we do and with every dollar we invest,” said Gila River Indian Community Governor, Gregory Mendoza. “So do the NFL and the Arizona Super Bowl Host Committee. That’s why we’re committed to joining forces and hosting quality events in association with the Super Bowl.”

To officially kick off the partnership, Arizona Cardinals alumni Kwamie Lassiter and Frank Sanders, along with SPIKE, hosted a football clinic for 25 kids of the Gila River Indian Community. The Arizona Super Bowl Host Committee will continue to support the efforts of the Gila River Indian Community to promote education, health, and fitness to its youth.

“The partnership between the Cardinals and Gila River Indian Community dates back to the opening of University of Phoenix Stadium in 2006,” said Cardinals President Michael Bidwill. “Like us, they believed that it would be a game-changer not only for our team but the entire community. Super Bowl XLIX is another critically important event for our state and it’s no surprise that Gila River is stepping up to help provide the considerable community support required to make it a success.”

Future community initiatives and events will be announced leading up to Super Bowl XLIX.

av-air

Av-Air, Inc. corporate headquarters

Developer: Sun State Builders
General contractor: N/A
Architect: Balmer Architectural Group
Location: 6877 W. Frye Rd., Chandler
Size: 162,500 SF
Brokerage Firm: Lee & Associates Arizona
Value: $15M
Start/Completion: Q1 to Q4 2014

The new Av-Air, Inc. buildings will consist of a 92,500 SF building with 20KSF of office space and a 70KSF building storage/distribution building. Both buildings will feature metal deck, steel trusses, 30-foot clear height, grade level and truck well loading doors.

201Rendering_From_South_Ellis-2-cropped

CyrusOne breaks ground on second Phoenix location

Global data center provider CyrusOne announced it is breaking ground on a second data center at its Phoenix Campus in Chandler, Ariz. The groundbreaking ceremony was scheduled for Thursday, May 8, at 8:30 a.m. The second building will have 60,000 square feet of white floor space at full build, with up to 12 megawatts of power to serve customers in the Western region of the United States.

“We are very excited to expand our footprint in the Western region to meet customer demand for space,” said Kevin Timmons, chief technology officer at CyrusOne.

“Demand is so strong that we are moving up our plans to build this second facility by nearly a year. The success of our new CyrusOne Solutions product line, which enables technologically advanced, large-scale deployments, has recently attracted a large technology company to our Phoenix facility—taking 41,000 square feet of space and necessitating the move-up in our build schedule for the second facility.”

The Phoenix data center is well suited for Fortune 1000 companies, particularly West Coast companies, that require robust data center infrastructure for mission-critical applications and that want to locate them in an area that is generally considered one of the safest in the country—free from natural disasters including seismic activity, tornadoes, and hurricanes.

“Arizona is proud of its reputation as one of the most business-friendly data center locations in the country,” said state Rep. Jeff Dial.

“More than just low rates of seismic activity and other natural disasters, we offer CyrusOne and its customers a robust fiber network, competitive electricity rates, low-latency connectivity to West Coast cities, and a highly educated technology workforce.”

The expansion adds to the more than 77,500 square feet of space already commissioned to serve as a Western regional hub for Fortune 1000 enterprise customers. This new building is scheduled to be completed by the end of 2014. After completion of the second facility, the entire campus will still have room for seven more data center facilities.

In addition to its presence in the Western region, the company has customers in colocation facilities across the United States, London, and Singapore.

cre

CoreNet Global makes space in a changing workplace

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

That starts with realizing a client’s No. 1 business isn’t real estate, says Colliers International’s Bill Littleton. The 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 comprised 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.

“This 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.

This 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 — efficiency, 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 Moffit.

Mark Singerman, Vice President and Regional Director of The 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-effective 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 office efficiency and “right sizing.” there’s less need for large leasable areas. Though 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 fine,” Littleton says. “The world is changing; either change and add value or get out of the way.”

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

CENTRAL COMMAND
While 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 office 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 first 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 office space and utility for 85 lines of work comprised of 16,192 employees.

Bauman is a long-time member of CoreNet. Though the Wells Fargo Campus wasn’t facilitated through a CoreNet connection, many corporate executives and brokers are working closely to increase efficiency, even if that means rightsizing office 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.

REGUS SPACE
At Avnet, Inc., Bob Gracz’s role is to develop strategic positioning and help his company get most efficient use of space. The 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 flexible 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 office to literally where almost everybody is working remotely these days,” Gracz says.

“Think 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 finding ways to make its existing office space versatile for different lines of work within the company through the use of technology.

“As the square footages of offices and work stations are generally decreasing, corporate institutions are definitely paying more attention to creating work environments tailored toward flexibility, 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 offices for 8,000 people. They were recently approached by Avnet to advise on increasing real estate efficiency within the company’s other regions. Gracz credits CoreNet Global’s emphasis on understanding financial 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 first Regus executive office structure five 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. That’s about 20 percent of the group’s facility expense — and that’s just the beginning.

Hilton Phoenix Chandler receives company’s top two awards

For the second year in a row and for the third time in four years of operation, the Hilton Phoenix Chandler has been recognized by the Hilton brand for delivering exemplary service as a U.S. property with under 500 rooms. Hilton just announced that the Hilton Phoenix Chandler was honored with the 2013 Connie Award and the 2013 Annual Blue Energy Award.

Hilton Phoenix Chandler General Manager J. Green, displaying the Connie Award, named in honor of founder Conrad Hilton.

Hilton Phoenix Chandler General Manager J. Green, displaying the Connie Award, named in honor of founder Conrad Hilton.

According to J. Green, general manager, Hilton Phoenix Chandler, the coveted Connie Award, named in honor of brand founder Conrad Hilton, is awarded to the top performing hotel that excels in four key areas, including quality assurance audits measuring cleanliness and property condition, customer scores rating staff service and guest loyalty. The Connie Award-winning property receives a monetary prize to host a celebratory event for hotel team members and a trophy.

The property also won the 2013 Annual Blue Energy Award which is the brand’s recognition of a property for delivering unparalleled hospitality to guests, team members and communities.

According to Mr. Green, “We couldn’t be more pleased that each and every member of our team here at the hotel has been recognized for their commitment to embodying the Hilton brand promise. There are 286 hotels in the America’s Region with 500 rooms or less and to be selected as the leader in these categories is truly gratifying.”

Lisa Larson, chief operating officer of Texas Western Hospitality, which operates Hilton Phoenix Chandler, adds, “These awards truly exemplify the commitment of our management team and staff who ensure that every guest walking through our doors is completely satisfied with their stay — and that is no small undertaking.”

Located in the heart of the Phoenix high-tech district — near to Intel, Microchip, and Freescale — Hilton Phoenix Chandler also provides easy access to the popular Chandler Fashion Center and Historic Downtown Chandler. The hotel offers 197 guest rooms and suites in addition to many facilities and amenities including an outdoor pool, Bahia poolside bar and grill, Taste | An American Bistro, the R Bar for cocktails and live music, a 24-hour fitness center, and business center. Guest rooms feature signature bedding, a 32-inch flatscreen TV with premium cable channels, high-speed Internet access and a work station with ergonomic desk chair. Additionally, the property features flexible meeting and event space for up to 350 guests. For additional information, call (480) 899-7400 or visit phoenixchandler.hilton.com.

87665813

New East Valley Women’s Professional Group Launches

The Phoenix-metro-based Women of Scottsdale and Central Phoenix Women groups proudly announce the launch of a third, localized chapter, East Valley Women being added to serve women business professionals who live or work in Tempe, Mesa, Gilbert, and Chandler. East Valley Women will meet on the third Tuesday of every month from 7:30am to 9am at the Hilton Phoenix/Mesa in Mesa, Ariz., beginning on Tax Day, Tuesday, April 15, 2014.

The new East Valley Women group is a sister organization of the esteemed Women of Scottsdale, founded in 1998 and Central Phoenix Women, founded in 2006 by Linda Herold. Herold retired in December 2013, and named JoAnn Holland CEO of the groups. It is under her stewardship that the East Valley Women group has launched. The groups endeavor to support women beginning their professional career, business and professional leaders, women in government, women in education and those who have retired to create a deep and long-lasting community of mutual support.

The group has named community alumna Jodi Towns as the Inaugural Director of the new east valley group and she will serve a two-year term; promoting membership and business sponsorship for the new chapter, as well as acting as Master of Ceremonies at monthly meetings. As the new Inaugural Director, Towns intends to further the spirit of community support with a focus on communities east of Phoenix and Scottsdale. She will continue as the Director of Practice Management for LifeScape Premier, a Scottsdale-based concierge medical practice that has been actively involved in supporting and sponsoring Women of Scottsdale and Central Phoenix Women for several years, and is looking forward to launching the nascent East Valley group.

“I’m honored to uphold and extend the tradition and support that these fine groups provide business women in our communities,” says Towns. “With the new group serving the East Valley we’ll be able to reach, serve and bring more fantastic women into the fray.”

The groups’ CEO and founder is equally pleased with the chapter developments. “Jodi has been such a passionate advocate for our existing groups and we’re thrilled to have her leading the charge for the East Valley,” states JoAnn Holland. “We look forward to continued success under her direction with the new East Valley Women chapter.”

For more information about East Valley Women, please like them on Facebook at http://www.facebook.com/eastvalleywomen

To sign up for the breakfast on April 15th please contact JoAnn Holland – CEO and Founder at ceo@eastvalleywomen.org or Anita Welsch – anita@eastvalleywomen.org or 480-567-8131

2700 W. Frye Rd., Chandler

Colliers International Completes $43.1M Sale of 183KSF Office in Chandler Price Corridor

Colliers International in Greater Phoenix recently completed the sale of a 183KSF, Class-A office building in Chandler for $43.1M, or $235.50 a square foot.

W. P. Carey Inc., a global net-lease REIT based in New York City, purchased the building at 2700 W. Frye Rd. in Chandler from Regent Properties of Los Angeles.

Neil Glassmoyer, senior vice president; Tivon Moffitt, vice president; and Peter Bauman, senior associate; all of Colliers International in Greater Phoenix, served as brokers for the buyer and seller.

“The market fundamentals in Chandler’s Price Road Corridor are very strong and the area is poised for continued expansion. The building’s location in the heart of Chandler’s Price Corridor helped attract W. P. Carey,” Moffitt said.

The Chandler submarket features one of the lowest office vacancy rates in Metro Phoenix, as tenants are drawn to the area due to the highly educated workforce, according to Colliers International.

“Price Corridor is Chandler’s premier employment corridor, and continues to attract companies interested in quality and a sense of place,” said Chandler Mayor Jay Tibshraeny. “It is a central hub for the workforce, infrastructure and amenities that the current marketplace demands.”

W. P. Carey Managing Director and Co-Head of Global Investments, Gino Sabatini, said, “The combination of the desirable location, credit tenant and quality asset made the acquisition an ideal addition to our portfolio. Together with its criticality to the operations of QBE the property meets all our investment criteria and supports our strategy of providing secure, long-term cash flow to our investors.”

QBE Insurance, one of the 20 largest insurance and reinsurance companies in the world, is the building’s only tenant on a long-term lease. This location is QBE’s second largest office building in the country. Overall, QBE is located in 43 countries.

“This acquisition was ideal for W. P. Carey given that the tenant, QBE Insurance, is a strong and stable investment grade tenant,” Bauman added.

Regent Properties completed the building’s construction after purchasing the property in 2011 and then fully leased the building to QBE shortly thereafter.

“Regent Properties had a dynamic vision for this property. They added significant value by completing this class A office asset,” according to Glassmoyer.

“The success of this project is due in large part to the cooperation and aid from the City of Chandler’s economic team, QBE’s desire to be in Chandler and ultimately Neil and Tivon, and the entire Colliers’ team, for connecting Regent Properties with the W. P. Carey team.  This project is emblematic of our proven track record at stabilizing once troubled assets as well as our commitment and belief in the Phoenix market,” according to Eric Fleiss, president of Regent Properties.

red-header-2014

RED AWARDS 2014: Best Redevelopment Project

On Feb. 26, AZRE 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 100 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. Click here to view all 2014 RED Awards Winners.‎


Continuum Science & Technology Park
Developer: Capital Commercial Investments, Inc.
Contractor: RSG Builders
Architect: PHArchitecture
Broker: CBRE
Size: 463,584 SF
Location: 2501 S. Price Rd., Chandler
Completed: January 2013

continuumThis 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.”