Tag Archives: chandler

PB Bell

P.B. Bell celebrates anniversary of their largest acquisition

P.B. Bell, a leader in multi-family housing development and management, is marking the one-year anniversary of its biggest acquisition by celebrating improved occupancies stemming from the completion of major renovations within the seven-property portfolio. The acquisition, which closed in July of 2014, included nearly 2,800 apartment units in complexes throughout metropolitan Phoenix. The transaction represented the largest in company history and one of the largest sales in the Phoenix multi-family housing market since the economic downturn reset the real estate industry in 2008.

Since taking ownership of the seven properties in Chandler, Mesa, Phoenix and Glendale, occupancy rates have increased by up to 8 percent and have reached an overall average of 97 percent leased.  To date, P.B. Bell has renovated about 300 apartment units and invested nearly $9 million into community improvement projects, such as new paint and landscaping, remodeled clubhouses and fitness centers, and updated pool areas.

“This acquisition in particular, the improvements that have followed and the ones that are still planned, illustrates our desire to pinpoint targets that allow us as a company to deploy our management and construction expertise in a way that elevates the profile of a community,” Phil Lake, P.B. Bell’s director of acquisitions, said. “We have the ability to recognize the strengths of a certain asset and capitalize on them, while at the same time finding ways to introduce new design elements to older communities.”

Clubhouses and leasing offices have been remodeled and updated with lounges and entertainment areas, pool areas have been repaired and updated with modern furnishings and buildings have seen extensive paint, roofing repairs and maintenance. In addition, a number of outdoor sport-court areas have been transformed into lush common areas equipped with barbecues, dog parks and shade structures.  Hundreds of apartments have also been updated to include new flooring, plumbing fixtures, appliances, sinks, countertops and light fixtures.

In the coming years, P.B. Bell plans to extend similar interior renovations to about 900 additional apartment units within the portfolio.

“We have received positive feedback from the residents living in these communities, which pleases us from a customer service standpoint, as well as from a leasing perspective,” Lake said. “While these improvements will attract new residents, improved amenities also help us add value to the area and retain current residents.”


Marker Test Diagnostics will relocate to Chandler

Marker Test Diagnostics, Inc., a leading international supplier to the drug testing industry, announced today that the company has completed a corporate relocation for its U.S. headquarters from Leesburg, Va. to Chandler.

The move will centralize critical business functions and key members of the company’s senior management team, creating operational efficiencies for Marker Test and its partners as it continues to penetrate the U.S. market.

“As we continued our expansion in the U.S., there was a clear need to consolidate the company’s operations in a single geographic region that would be easily accessible to the company’s leadership team,” stated Marker Test Chief Executive Officer Kim Christensen.

In addition to Christensen, the relocation creates an operational hub for the company’s General Counsel; Chief Financial Officer; Controller and Marketing, warehouse and distribution functions in Arizona.

“We believe these efforts will bring stability, efficiency and significant cost savings to our operations and allow our leadership team to operate in a much more streamlined manner,” noted Christensen.


Authentic Eastern Mediterranean cuisine now in Chandler

The Ivy Mediterranean Lounge recently opened their flagship restaurant on the northeast corner of Dobson and W. Germann Road in Chandler at the Shops at Pecos Ranch. The Ivy serves to exceed East Valley residents’ expectations with an upscale, casual, hip dining experience for lunch and dinner.

The Ivy has a diverse menu of authentic cuisine from the Komits family’s home country of Cyprus in the eastern Mediterranean Sea, including:

  • Traditional dishes: Saganaki, hummus, sautéed shrimp, eggplant, mussels and bruschetta
  • Lunch salads: Traditional Greek, The Ivy Kale, and a chicken and lime cilantro salad
  • Lunch specials: Gyro pitas, chicken sandwiches and a fan favorite, fish tacos.
  • Dinner menu: Seared sea bass, flank steak with sautéed vegetables, lamb skewers and a variety of pasta dishes.


“I wanted to create a new concept here in Chandler; I love this community. We’ve had a great success with Cyprus Grill, which opened four years ago,” said Christodoulos Komitis, co-owner of The Ivy. “The city’s economic growth and development inspired me to open The Ivy, offering Mediterranean food at a fun bar atmosphere perfect for lunch, happy hour and dinner. I wanted a beautiful place to hang out, eat great food and enjoy a drink without having to drive all the way to Phoenix or Scottsdale. We want to be part of the growing dining scene in Chandler.” Being a long-time resident in Chandler, Komitis has chosen to open The Ivy at the Shops at Pecos Ranch, a community center owned by Whitestone REIT, because of their strategic location to serve the Chandler community.

The Ivy features 12 beers on tap, including craft, seasonal, and local beers from San Tan Brewing and Huss Brewery. The bar serves a variety of wines both by the glass and bottle. Sangria and popular specialty cocktails are also available. The large bar area opens to a spacious 3,500-square-foot patio with fire pits, comfortable lounge seating and lightly lit lanterns. The owners want guests to enjoy “Patio Drinks and Mediterranean Eats” in this casual, modern venue.

Private dining is also available for groups up to 30 guests in a space that is perfect for corporate luncheons and birthday celebrations.


August industrial and office property review

The Metro Phoenix economy continued to improve adding 55,500 jobs over the past 12 months through March, marking an annualized job growth rate of 3.0%. The unemployment rate declined to 4.8%, the lowest rate since

2008, down 160 basis points (bps) from a year ago and 70 bps lower than the national rate. The educational and health services sector added 11,800 jobs over the past year, the most of any sector. The trade, transportation and utilities sector gained 10,900 jobs, while manufacturing lost 1,200 jobs, down 1.0% from a year ago. Through March, the area’s total nonfarm employment tallied 1,904,600 jobs.

The industrial market finished first quarter with an overall vacancy rate of 12.5%, up 160 bps from a year ago, largely due to 6.2 million square feet (msf) of new construction the past four quarters. The uptick in inventory caused triple net (NNN) asking rents to decline to $0.56 per square foot per month (psf/mo), down 3.3% year over year. With 2.msf transacted, leasing activity remained solid, up 27.2% from the same time a year ago. Demand for mid-sized space has increased as supply diminishes in select submarkets.

Construction activity picked up with nearly 3.0 msf under construction, of which 2.2 msf is speculative. Increased demand and heightened pre-leasing activity spurred developers to break ground in most submarkets across the metro area.

Sales activity tallied more than 2.1 msf in first quarter, with investment sales accounting for 1.6 msf of the total. Most sales activity occurred in the North Tempe and Chandler submarkets, which have some of the lowest vacancies for specialized tenants in the market. The largest transaction for the quarter was the future distribution facility for FedEx in Chandler. The 316,034-sf facility was purchased by Rood Investments for $50,179,000 ($159 psf). The building is currently under construction and is expected to be completed in June. Real Capital Analytics reports, for properties that sold for $2.5 million or more, the average price/psf is up 13.0% from a year ago to $90 psf and the average cap rate increased 2.0 bps to 7.3%.

Strong employment growth, the recovering housing market and improved market fundamentals have Phoenix well-positioned for sustained growth in the coming year. Healthy leasing activity is expected to continue, creating positive absorption this year. Vacancies levels will remain steady as much of the large vacancy remains in larger properties, which will take time to lease.


PayPal adds 150 jobs to Phoenix market

PayPal, one of the world’s largest e-commerce firms, is planning to add 150 new employees to its Chandler location this summer. PayPal’s Arizona facility was voted the Best Place to Work in 2014.

Arizonans interested in exploring a career with PayPal are invited to the PayPal Job Fair next week, where recruiters will accept resumes and schedule interviews. Attending the Job Fair positions candidates at the top of PayPal’s consideration list and provides job seekers a 3x faster application process.

When: Tuesday, June 23, from 4:00 PM to 6:00 PM

Where: Courtyard Marriott, 1100 S. Price Rd. in Chandler, AZ

Register: http://www.localwork.com/az/phoenix/paypal

“PayPal’s decision to expand their team in Chandler is a cause for celebration in the Arizona job market. Employers like Apple, General Motors, and PayPal continue to add positions like these because of the quality of our local workforce,” says Ryan Naylor, president of LocalWork.com, an online job board that showcases company culture. “PayPal is well known for their inclusive and welcoming culture,” adds Naylor.

Among PayPal’s most popular employee benefits:

– Medical, dental, vision

– 401k with percentage of salary match from PayPal

– Paid time off

– Holiday time off

– A 1-month sabbatical for every 5 years with the company

– Company growth and opportunity

– Fun and energetic place to work

– Voted Best Company to Work for in 2014


Rents spike as vacancy continues to tighten

Screen shot 2015-05-01 at 10.21.10 AMMarket report supplied by Colliers International


The Greater Phoenix multifamily market continued to ride a wave of momentum to start 2015. Robust renter demand for units fueled another vacancy improvement, rents surged and sales prices posted additional gains. Healthy employment growth is the driving force behind renter demand, and the new units that are being delivered to the market are being leased quickly. The supply side remains the primary uncertainty going forward, particularly as permitting for new units slowed in late-2014 and again in the first few months of this year.


After ending 2014 at a 17-year low, the Greater Phoenix multifamily vacancy rate continued to improve in the first three months of 2015. The rate fell 50 basis points in the first quarter to 5.7 percent, and over the past 12 months, vacancy has dipped 80 basis points. The ongoing vacancy tightening has been dynamic; as recently as the end of 2010, metrowide vacancy was over 10 percent, and the rate peaked at more than 13 percent in 2009.

While the market rate was over 10 percent a few years ago, currently, only one submarket in all of Greater Phoenix currently has a vacancy rate in the double digits. A dozen submarkets in the Valley feature vacancy rates of 5 percent or lower, with some of the tightest vacancies in the Ahwatukee Foothills, Chandler and Gilbert submarkets. Year-over-year vacancy declines have been recorded in more than 70 percent of the submarkets in the metro area, and in the areas where the rate is improving, the average decline is approximately 150 basis points.

Screen shot 2015-05-01 at 10.21.24 AM

After renters moved into a net of more than 5,800 units in 2014, another surge in demand was recorded in the first quarter. Net absorption hit a five-year high in the first quarter, totaling more than 2,800 units, up nearly 15 percent from the first quarter 2014. While absorption was strongest in Scottsdale and Chandler/Gilbert, it was positive in nearly every submarket in the Valley during the first quarter, with healthy performance in the Glendale, Union Hills/Cave Creek and Ahwatukee Foothills submarkets.

Persistent renter demand for units and tightening vacancy are fueling robust rent growth. Asking rents surged 2.2 percent in the first quarter—the strongest single quarterly increase on record—and have jumped 5.4 percent over the past 12 months.This comes following a 1.5 percent rent gain to close 2014, which at the time was the largest rent spike since 2006. At $837 per month, current asking rents are 9 percent above the post-recession low, and average increases in the 4.0 percent to 6.5 percent range are forecast over the next few years.

Sales velocity in the first three months of 2015 lagged activity levels from the preceding quarter by approximately 20 percent, but declines in the first quarter are common. When compared to other starts to the year, however, activity was quite robust, with more properties changing hands to start 2015 than in any first quarter since 2007. When compared to the same period one year ago, sales activity thus far in 2015 has more than doubled.

Strengthening property performance and favorable market sentiment are pushing prices higher. The median price per unit rose approximately 10 percent in 2014 and continued to gain momentum to start this year. The median price in the first quarter was $73,100 per unit, the highest median price since 2008. Part of the recent rise is explained by activity at the high-end of the market.Sales of properties for more than $100,000 per unit accounted for 38 percent of all transaction volume in the first quarter, up from 30 percent of all sales in 2014. These higher-priced properties are typically newer construction, averaging 10 years old at the time of sale. With developers increasing deliveries in recent years, and investment demand healthy, there could be additional volume among newer properties in the years ahead.

Screen shot 2015-05-01 at 10.21.41 AM


Tiburon @ Chandler Airport breaks ground

DTZ has announced the ground breaking of Tiburon @ Chandler Airport. Tiburon Companies executives Michael Burton, Robert Burton and Dwayne Burton were joined by Mayor Jay Tibshraeny, Chandler City Council members Nora Ellen, Terry Roe and Jack Sellers along with their project team and other local leaders to celebrate the ground breaking of Tiburon @ Chandler Airport. The ground breaking marks the start of construction on the ±81,050 square foot (SF), three building office/light industrial/flex project located on the southeast corner of  Cooper and Germann Roads in Chandler, AZ. Phase I of Tiburon @ Chandler Airport is expected to complete construction in fall of 2015.

According to Michael Burton, “We are very excited to kick-off construction on Tiburon @ Chandler Airport. We believe that our location at the front door of the airport and one-half mile from the Loop 202 provides businesses with excellent access to everything that Chandler and the Southeast Valley has to offer.” He recognized and thanked the City and its Planning and Economic Development departments, the Chamber of Commerce and the business community for all the support they have provided in the planning of Tiburon @ Chandler Airport.

Attending the ground breaking ceremony were members of the Chandler Chamber of Commerce and business community, city planning officials and members of the project design, construction and leasing team that included Jack Leonard, AIA, LEED-AP, and his staff from Creo Architects; Bryan Francis, President of Brycor Builders and his team; and the DTZ leasing team of Jeff Hartland, Mike Haenel and Scott Boardman.

Construction on Phase I of Tiburon @ Chandler Airport includes three one-story buildings that range in size from 23,866 SF to 28,655 SF. The energy-efficient building system design encourages minimal utility and natural resource usage. Each space offers flexibility to accommodate various user size and space requirements, including optional bay sizes with choice of door and storefront combinations. Tiburon @ Chandler Airport features 5/1,000 SF parking with the ability to expand to meet tenant requirements. The master-planned business park includes plans for a three-story office building on Phase II of the property.


Chandler development brings luxury villas to Fulton Ranch

There is more luxury development on the horizon for the in-demand Fulton Ranch neighborhood in Chandler. Valley-based Serenity Development is set to build 128 luxury condominium villas as part of Serenity at Fulton Ranch, the final new-home neighborhood of the premier Fulton Ranch master plan. Construction and sales are currently underway with first deliveries later this year and the project is expected to be completed in 2017.

“Being from the East Valley and knowing what’s important to our buyers, we set out to satisfy the demand for luxury condominiums and villas in the area and design a community that offers a premier level of luxury living in a highly desirable neighborhood at a truly accessible price point,” said Developer Andrew Hickey. “Offering a lifestyle that is equal parts luxury and low-maintenance, Serenity at Fulton Ranch is quickly attracting an array of affluent buyers ranging from young professionals to empty-nesters to winter visitors,” Hickey said.

Serenity at Fulton Ranch offers an exclusive gated community featuring a collection of beautifully designed condominium-style villas with resort-style amenities and lake views. Four spacious floor plans offer two and three bedroom options plus dens that range up to1900 sq. ft. and boast stately architecture, elegant finishes and luxurious upgrades to blend stylish living and modern convenience with the latest new home features. Pricing starts in the mid $200s.

As the newest member of the 520-acre Fulton Ranch Master Planned Community, Serenity at Fulton Ranch shares the world-class amenities of this award-winning East Valley development. With 28 acres of lakes, flowing streams and waterfalls, and access to miles of walking and biking trails, life at Serenity proudly lives up to its name.

Designed to foster a sense of community, Serenity’s amenities take socializing and entertaining to a whole new level. A stylish and modern clubhouse offers every creature comfort imaginable with multiple lounging areas and a full kitchen. Buyers can enjoy outdoor recreation year round with a heated resort-style pool and spa, relaxing ramadas and restaurant-quality barbecue grills. The state-of-the-art fitness facility offers free weights, biometric work-out equipment, treadmills and TVs.

Located in the heart of buzzing Chandler, Serenity at Fulton Ranch is just minutes from signature shopping, dining, arts and entertainment, the new Ocotillo Village Health Club and Spa, the rapidly growing Price Road employment district and tremendous freeway access. 

Serenity at Fulton Ranch is located at 4777 S. Fulton Ranch Blvd. Chandler,

85254. The Serenity at Fulton Ranch Sales Gallery is open Monday-Saturday from 10am to 6pm and on Sundays from 11am to 6pm.  For more information about Serenity at Fulton Ranch visit www.serenityfultonranch.com or call 602.682.4500.

Pieceful Solutions - Chandler

Arizona schools ‘Go Blue’ for World Autism Awareness Day

Pieceful Solutions, a K-12 school for children with autism spectrum disorders, commemorated Autism Awareness Month with a celebratory sunrise event today at its Chandler campus, Thursday, April 2 (World Autism Awareness Day), starting at 6 a.m.

Faculty members, families, students and community supporters gathered to increase awareness about the increasing number of children in Arizona with autism. They formed a human-ribbon on the outdoor field of the school’s Chandler campus, with everyone dressed in blue, a symbolic color used by the international autism community to commemorate the United Nations-sanctioned World Autism Day.

“The number of children with autism continues to rise, and Arizona is at the top of the list,” said Kami Cothrun, Founder of Pieceful Solutions. “Parents deserve to know about the many different school solutions available to them, especially when one out of every 50 children born today has autism.”

Bashas’ Family of Stores donated coffee, blueberry yogurt and custom-made blue donuts for everyone to enjoy during the sunrise festivities. Pieceful Solutions Music Therapist Ryan Olmstead and his garage band of students also held a special performance.

Sparkle Magic, a local company that has mastered the art of innovative laser-lighting, donated lighting to turn Pieceful Solutions’ three school campuses (in Chandler, Mesa and Gilbert) blue during the entire month of April.

Pieceful Solutions Culinary Instructor Colleen Poiani has also encouraged students to participate in fun, hands-on food activities including how to make blueberry banana smoothies, gluten-free vanilla cupcakes and gluten-free sugar cookies. The cookies are made in the shape of a puzzle piece, a symbol that reflects the mystery and complexity of Autism Spectrum Disorder.

Chef Colleen at Pieceful Solutions enjoys teaching students and their parents about how to use better-for-you ingredients to help maximize health and reduce allergies. “Children with autism often excel in the culinary arts, as they enjoy following exact instructions on a recipe, and can apply their math skills to measure ingredients,” she said.

Great American Barbeque & Beer Festival returns

Arizona’s largest BBQ event is set to return to downtown Chandler on March 21, 2015 from noon – 10 p.m. Winner of Outstanding Event of the Year in 2012 and 2013 at the APS AzTEC Awards, the 2015 Great American Barbeque & Beer Festival will be bigger and better than ever with a newly expanded stage, more BBQ pitmasters and the eating competition zone for finger lickin’ good times.

Headlining this year’s entertainment will be the Eli Young Band, best known for their double platinum single, “Crazy Girl” which earned them the ACM Award in 2011 for Song of the Year.  Other popular hits include “Even If It Breaks Your Heart” and “Drunk Last Night.”  Supporting acts include local country performers, Laura Walsh and Georgia Chrome as well as Adley Stump.

“I’m thrilled to have Eli Young Band as our headlining act for this year’s festival. The entertainment bill continues to grow each year with A-list talent. I couldn’t be happier with our amazing country lineup for 2015,” said Landon Evans, event coordinator.

The sixth annual Great American Barbeque & Beer Festival will be held in downtown Chandler, spanning the entire east and west Dr. AJ Chandler Park – as well as the connecting Arizona Ave., which will be closed from Buffalo St. to Boston St. on Saturday, March 21, 2015.

Beginning on February 9, 2015, all valley-wide Bashas’ locations will have $10 each presale general admission tickets available for purchase. General admission tickets are also available online for $12 each atwww.chandlerbbq.com and tickets will be $15 each at the gate day of. Food and beverages are sold separately. Children 12 years of age and younger are admitted for free.

More than 60 of the best BBQ pitmasters from across Arizona and the southwest will converge in downtown Chandler for a day filled with the sweet aroma of smoked meats and delicious craft beer from SanTan Brewing Company. The Chandler based brewery will pour their popular seasonal,  Mr. Pineapple Wheat Beer; HopShock IPA and Devil’s Ale. Plus, festival goers will enjoy a brand new brew called LimeLeaf Cream Ale.

Some of the BBQ pitmasters joining us this year include Famous Dave’s Legendary Pit BBQ, Honey Bear’s BBQ, JJ’s Louisiana BBQ, McLaws BBQ, Phil The Grill, Porkopolis, Raging Cajun Smoking BBQ, Sally’s BBQ, SanTan Brewing Company, Smoke Haus, Sweet Magnolia Smokehouse, Tom’s BBQ Pig Rig and many more.

Other festival highlights include the March Madness lounge, Chester’s Harley Davidson pavilion, Ride Now off road zone, kid’s playland, eating competitions and over 100 exhibitors.

Be sure to “like” this event on Facebook at www.facebook.com/bbq.beer.music and follow on Twitter @BBQBEERFESTIVAL for entertainment announcements, a chance to win free tickets and more event details as they roll out.

The Great American Barbeque & Beer Festival official sponsors include; Bashas’, SanTan Brewing, Ak-Chin Indian Communities, Downtown Chandler Community Partnership, Jack Daniels Whiskey, Little Black Dress, Alliance Beverage, Crescent Crown Distributing, 102.5 KNIX, Poore Brothers, Clean Air Cab, Phoenix New Times, Local First AZ, Yelp, Von Hanson’s Meats & Spirits, Pinnacle Peak Pie Company, One Community, Phoenix Bites, and Local Lily who all remind you to enjoy BBQ and beer responsibly.

A portion of the event proceeds will benefit the Boot Campaign, a 501(c)(3) dedicated to providing assistance to wounded military and their families with job placement and securing mortgage free homes, post traumatic stress disorder counseling, adaptive clothing and much more. For more information about the Boot Campaign, visit www.bootcampaign.com.

Savage 211 HDR no logo

LGE completes construction on Savage Universal HQ

LGE Design Build has completed construction on a new 64,000-square-foot office and warehouse building in Chandler for Savage Universal, which has provided products for the photography industry since 1937.

Needing a more efficient space for its headquarters, the family-run company hired LGE to construct a new building at the gateway of the Chandler Airport Business Park, located at 2050 S. Stearman Drive near the Loop 202.                      

Savage Universal converts seamless paper in 69 different colors into background paper for commercial, industrial and portrait photographers all over the world. The company also converts other types of materials such as cotton, linen and muslin to supplement background paper, and makes portable and permanent studio systems.

“LGE constructed a high quality building that will suit our specific office and warehouse needs for years to come,” said Sylvester Hank, president of Savage Universal. “We are proud of our new home. We are welcoming national and international customers to visit when they are in the area for trade shows.”     

The company, with about 50 employees, sells to distributors and dealers. Savage Universal provides about 65 percent of the world market share of photographic background paper.

Savage Universal’s building includes 10 warehouse dock doors to assist in product distribution. The building also includes a small museum, located near the front lobby, that will showcase historic equipment, catalogs, brochures and other company documents dating to the 1930s. The museum is expected to be completed in a couple of months.

“Our team had fun constructing Savage Universal because the project combined multiple uses for office and warehouse space and also a small museum to display the company’s heritage,” said Dave Sellers, LGE Design Build’s president.

The building’s design draws inspiration from Savage Universal’s industry.

“We incorporated a unique system of metal panels over glass into the design of the contemporary building to emphasize the high technology nature of Savage Universal’s business,” said Sherman Cawley, a principal of Cawley Architects.


Music and festivals highlight week’s best bets for fun

Scottsdale and Baseball

Scottsdale has been home to Baseball since the 1920’s and the Scottsdale Library is out to prove it. Scottsdale’s leading historian will present the evolution of the favorite past time through a photo presentation. After the presentation, attendants are encouraged to head to Scottsdale Stadium to enjoy a game between the San Francisco Giants and Milwaukee Brewers.

Scottsdale Library, 3839 N. Drinkwater Blvd., Scottsdale, March 11, Free

Pot of Gold Music Festival

Outdoor music festival season is back now that the weather is starting to warm up. This four-day music festival will host almost 30 bands. Each day’s lineup features a different genre of music. Headlining bands include Bastille, Kendrick Lamar, Fall Out Boy, and KORN.  The event will feature local food vendors and artist merchandise.

Tempe Beach Park, 54 W. Rio Salado Pwky., Tempe, March 13-15 and 17, $49 per day

Dog Day at the Park

Man’s best friend meets man’s favorite sport. Baseball fans are encouraged to bring their four legged friends to the Peoria Sports Complex for a day of Bark in the Park. The San Diego Padres will host the Texas Rangers that day. Fans will sit in a reserved “PAW-tio” section. If you don’t already have a companion, the Waggin’ Wheels Mobile Adoption Vehicle will be at the event for fans to check out the adoptable pups. Proceeds from the event will go to benefit the Arizona Humane Society.

Peoria Sports Complex, 16101 N. 83rd Ave., Peoria, March 14, $5 for dogs, $8 for humans

Color Run

This 5k gives participants two options between a day and night run. Color tosses are scheduled to off every hour. The event uses over 10,000 pound of vibrant foo-grade cornstarch to douse runner with as they make their way through the course. After the race, stick around for the Color Fun Fest where black lights are turned on and the powder glows. The money raised from the race goes to benefit Just Care More, a non-profit organization that gives underprivileged youth the chance to get involved with fitness related activities.

Ak-Chin Pavilion, 2121 N. 83rd Ave., Phoenix, March 14, $50

Ostrich Festival

Dating back to 1989, the Chandler Ostrich Festival has grown to be one of the premiere events in the southwest. Although the headlining animal is the ostrich, other animals such as tigers, exotic birds, and a petting zoo will be at the event too. The event will also have a midway with over 50 carnival rides. Ostrich races will take place at 4 p.m. and 6 p.m. Friday and noon, 2 p.m, and 5 p.m Saturday and Sunday. Local community bands will make appearances throughout the weekend, including CO-OP whose lead singer is the son of Alice Cooper.

Tumbleweed Park, 2250 S. McQueen Rd., Chandler, March 13-15, $10


NexMetro will build leased-home neighborhood in Chandler

Phoenix-headquartered NexMetro Communities, America’s builder of next-generation leased–home neighborhoods, announces the purchase of 15 acres at the northeast corner of Warner Road and Grace Boulevard, just west of Arizona Avenue, in Chandler, Arizona, where it plans to develop 194 homes. The development will feature one, two, and three bedroom floorplans and continues the developer’s charter of building single-family, detached homes for lease that cater to lifestyle-conscious consumers.  The deal, which closed on March 2, is part of NexMetro’s aggressive growth strategy for 2015.

The acquired property is less than two miles from Chandler’s Downtown District, and nearby to Gilbert’s Heritage District, both of which have undergone extensive redevelopment initiatives in the last several years.  With only two multifamily properties constructed in the area over the last 11 years, the construction of the new Avilla Homes neighborhood is expected to be a significant catalyst in the community’s revitalization, attracting higher-income residents seeking a quality lifestyle. 

Ground breaking is expected to occur in April, and homes will be ready to lease at the end of 2015.  Another Avilla neighborhood in Chandler, Avilla San Marcos, opened in two phases in 2014, and today has 257 homes located at Alma School and Pecos Road. 

“The City of Chandler is excited to see a project that is consistent with the recommendations of the Mayor’s 4-Corner committee to redevelop older, challenged commercial space,” said James Smith, Economic Development Program Manager.  “The Avilla Grace development fits our strategy of bringing increased density and activity to intersections with underperforming commercial space. The influx of new residents will help support the remaining commercial space and provide density on an important transit corridor.” 

NexMetro and its affiliated companies have been developing Avilla Home neighborhoods since 2011 when the first neighborhood opened in Tucson. Construction is currently underway in Goodyear at Avilla Palm Valley where 125 homes are expected to be available for lease this spring.  Additional development in Arizona is scheduled throughout 2015 with four new neighborhoods planned in Chandler, Gilbert and Queen Creek. The company is also actively developing in other Sunbelt cities such as the Dallas suburbs of Plano and McKinney.

“It’s rewarding to see that our projects, including the Avilla Grace neighborhood, are highly anticipated, and even more so knowing that there is potential to bring a real vibrancy to an area previously considered undesirable.  Avilla Grace not only provides consumers with a worry-free lifestyle that allows them to enjoy the luxuries of home ownership without the burdens, but also enhances quality of life with close proximity to employment, entertainment and shopping districts,” said Josh Hartmann, Executive Vice President, NexMetro. 

Solar installation company buys industrial space in Chandler

Newmark Grubb Knight Frank (NGKF) announced the sale of 3225 North Colorado Street in Chandler to Sun Valley Solar Solutions. The solar panel installation company purchased the 26,815-square-foot, free-standing industrial building and accompanying 3.3 acres from Washington Street Enterprises Arizona, L.L.C. for $2.7 million or $100.00/square foot. Sun Valley Solar Solutions was represented by NGKF’s Associate Director Tricia Gumulka.

“Sun Valley is experiencing rapid growth, with year-over-year revenue forecasted to grow by 60% this year,” remarked Russ Patzer, CEO of locally-owned Sun Valley Solar Solutions. “We needed a new location, and wanted to combine our current facilities under one roof, leveraging our brand while accommodating future growth. We are fortunate to have found 3225 N. Colorado, with its ideal situation close to our former Chandler location, attractive façade and layout, and 32’ clear height.” Built in 1996, the stand-alone industrial facility offers office, warehouse and showroom space along with a fenced 1.23- acre yard with storage. Sun Valley is improving the property and has an aggressive renovation time-line, in preparation for a May move-in. The Arizona-based company currently has 85 full-time employees, and continues to expand.

“3225 N. Colorado is an extremely unique opportunity given its age, size, acreage, and location within the thriving Chandler submarket,” commented Tricia Gumulka, associate director at NGKF. “Sun Valley instantly found value in all of the existing improvements.” Vacancy in the Chandler submarket is very low – at just 10.3%, with limited options for companies looking to expand.

Sun Valley’s decision to purchase a new facility was not a spur-of-the-moment one. NGKF and Sun Valley have a four-year working relationship, having completed several smaller deals as the company grew. NGKF added value to Sun Valley by working closely with the company to analyze its current and future requirements, identifying the ideal option, and negotiating tenaciously on behalf of the tenant. Jerry McCormick of CBRE represented the seller in the sale transaction.

WingSpan Aviation Center approved at Chandler Airport

A new-to-market concept is on its way to Chandler Municipal Airport, introducing new businesses to Chandler’s growing aviation industry.  Chandler City Council last night approved a 50-year ground lease agreement for the WingSpan Aviation Center at Chandler Municipal Airport (CHD).


The first phase of the project will include 80,000SF of hangar/office space. Each hangar building may be equipped with offices, meeting space and/or an Aviation Business Lobby (ABL).


“This is an excellent project with direct freeway access and limited airspace delays that creates a really attractive opportunity for those who cater to the aviation business sector,”said Mayor Jay Tibshraeny. “WingSpan Aviation Center will be a unique addition to the development activity we’re seeing throughout the Airpark Area.”


Chandler Municipal Airport anchors the city’s Airpark area, one of Chandler’s largest employment corridors, second only to the nearby Price Corridor.   The Airpark is dubbed Chandler’s ‘final frontier’ for growth as the city moves towards build-out, and fewer large tracts of commercial land are available.


Chandler resident and longtime pilot Jim Moore, CEO of WingSpan Business Investments said, “We’ve researched and designed every detail of what businesses need in order to maximize productivity.  We are blending structured steel buildings with contemporary architecture, technology and modern amenities, resulting in a highly sought after product.”


Future phases include additional hangar/office space and build-to-suit offices, pending taxi access to the runway.  The property is expected to be built out in about five years with 250,000SF of space.


“We’ve struck just the right product by offering both a standardized building as well as remaining flexible to accommodate unique building requests as they surface,” said Moore.


Development is scheduled to begin in Fall 2015.   For more information about the development, visit: www.wingspancorp.com.  Visit Chandler Municipal Airport at www.chandleraz.gov/airport.

Chandler land zoned for multifamily infill sells for $1.57M

Colliers International in Greater Phoenix recently completed the $1.575 million sale of 4.91 acres ($7.37 per square foot) of land zoned for multifamily in the heart of Chandler.

MPC Development LLC of Phoenix purchased the land, located on Alma School Road between Chandler Boulevard and West Fry Road, from Grossman/Robson Associates of Phoenix.

The seller was represented by Chaz Smith, senior vice president, John Finnegan, senior vice president, and Ramey Peru, associate vice president, of Colliers International. The buyer’s broker was Mark Forrester, senior partner with Hendricks and Partners of Phoenix.

“This is a highly desirable infill Chandler location with multifamily zoning approval in place,” said Smith, noting MPC homes is planning to construct 77 townhomes on the site, which was previously approved for 92 residential units.

The land is south of the “The Park at Chandler,” which is a 268,000+ square-foot, mixed-use commercial development anchored by Home Depot, Safeway and Staples. The Park Business Center is to the west.

Just east from the land is the San Marcos Golf Course and Resort. Also nearby are downtown Chandler, Chandler Regional Medical Center, Chandler Fashion Center and the Price Road Tech Corridor.

The property has excellent regional access since Chandler Boulevard and Alma School Road are exits on the Loop 101 and Loop 202.

Monterey Vista Village

Monterey Vista Village sells for $9.8M

ORION Investment Real Estate announced the sale of Monterey Vista Village Shopping Center located on the northwest corner of Pecos and McQueen Roads in Chandler.  Monterey Vista Village is an 88,382 square foot center built in 2006 and sold for $9,800,000.  The property sits on 10.47 acres and is 77% leased to Auto Zone, Air Extreme Trampoline Park, State Farm Insurance, SANS Plumbing, Salon Boutique and more.


The transaction was negotiated by Jared Williams, Ari Spiro and Sean Stutzman of ORION Investment Real Estate based in Scottsdale.  The buyer was MVV Retail I, LLC an affiliate of CIRE Management based in La Jolla, California and the seller, Monterey Vista Village Shopping Center, LLC, is based in Sandy, Utah.


The property originally supported a construction loan of $13.6 million in 2005.  ORION’s President Ari Spiro noted, “This was a win-win transaction.  The Seller had acquired the property in 2014 and had, in short order, increased their basis in the property.  The Buyer, who has been very active in this marketplace over the last couple of years, anticipates creating value through continued leasing.”


Jared Williams, Associate, concludes, “At half of replacement cost, Monterey Vista Village was a strong acquisition at an attractive price point.  The property is in the path of growth and, as the market continues its recovery, the center should prove to be a great value-add acquisition.”

School District

Autism schools open in Phoenix and Chandler

Center for Autism and Related Disorders (CARD) today announced the opening of the CARD Academy schools in Phoenix and Chandler, Ariz. They are opening two private day schools for individuals with autism that use applied behavior analysis in the approach.

CARD Academy is a place where children and families can learn, play and thrive.  The curriculum is based on the Department of Education standards and is enhanced by CARD’s own assessment and curriculum called SKILLS®, a technology used by teachers and administrators to organize lesson plans, track progress, identify trends and allocate resources such as extra training.  SKILLS® is aligned with the Common Core curriculum.

“We are thrilled to open schools in Arizona that will offer students with autism an individualized education where they can grow and thrive,” said CARD Academy senior managing supervisor, Mary Ann Cassell, MA, BCBA, LBA.

CARD Academy is designed after the CARD home-based therapy program for children with autism spectrum disorder (ASD) and has developed an institution focused on teaching excellence.  Students receive a personalized curriculum based on their performance on several assessments.  Once the assessment process is completed, teachers and administrators work to create a dynamic Individualized Education Plan (IEP).  Student/teacher ratios range from 1:1 to 4:1 based upon need.

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 the services that are crucial to their child’s development, such as an individualized education in the classroom.


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.


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


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
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
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
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

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.