Tag Archives: Cushman and Wakefield

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St. Joseph’s and Barrow’s add new board members

The Board of Directors of St. Joseph’s Foundation recently elected two new members for Fiscal Year 2015. The new board members are:

Barry Berman, of Scottsdale, graduated from the University of Wisconsin with a bachelor’s in business administration, a major in finance and a minor in accounting. He began his career as an equity trader at The Milwaukee Co. and Loewl & Co. Berman joined Robert W. Baird and Co. Inc. in 1974 as senior vice-president and director, working there for 32 years before his retirement in 2006.

Greg Valladao, of Phoenix, is a senior managing director at Cushman and Wakefield. He earned a bachelor’s degree with a double major in political science and history from Tulane University in New Orleans and a juris doctorate from the University of Arizona College of Law. For the past 30 years, he has used his extensive retail, sales, management and legal expertise to become a well-respected commercial real estate executive with a reputation as a regional retail expert.

The Board of Trustees of Barrow Neurological Foundation (BNF) recently added three new members and elected a slate of officers. The new members are as follows:

David Farca, of Scottsdale, is president of ToH Design Studio. Farca was born and raised in Mexico City. He earned a degree in biomedical engineering from Universidad Iberoamericana, a degree in medical imaging infrastructure from Massachusetts Institute of Technology and a master’s in business administration from Instituto Tecnológico Autónomo de México. Farca built a medical imaging business in Mexico that grew into one of the industry’s largest government suppliers. In 2000, he sold the business and moved to Scottsdale, where he and his wife, Mavi, opened ToH Design Studio.

Michael Hecomovich, of Scottsdale, is the founder and chairman/CEO, Global Marketing Services. Hecomovich earned a bacheolor’s degree in engineering from the United States Naval Academy and a master’s in business administration from the Thunderbird School of Global Management. He has more than 30 years of experience in general management, sales, marketing and business development for a wide range of organizations—from Fortune 100 companies to small start-up ventures.

William R. Metzler, of Scottsdale, is the co-founder and principal of West Coast Capital Partners. Metzler received bachelor’s degrees with honors in accounting and real estate finance from the University of Arizona. He is a senior with the American Society of Appraisers and a certified public accountant. He has previously served as the managing director of New York-based ING’s Investment Banking Unit and Ernst & Young’s Real Estate Advisory Group.

BNF board officers are as follows: Chair—Michael Haenel, Phoenix, executive vice president, Cassidy Turley BRE Commercial Industrial Services Group; Vice Chair—Dan Pierce, Phoenix, president, Kitchell; Treasurer—Karen C. McConnell, Phoenix, partner, Ballard Spahr LLP; and Secretary—Michael R. King, Phoenix, founding partner, Gammage & Burnham.

St. Joseph’s Foundation and Barrow Neurological Foundation are nonprofit support foundations dedicated to raising funds for St. Joseph’s Hospital and Medical Center and Barrow Neurological Institute in Phoenix. Each foundation is governed by a board of directors made up of community leaders who serve on a voluntary basis. More information is available at SupportStJosephs.org, SupportBarrow.org or at the Foundations of St. Joseph’s on Facebook.

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GPS Insight Relocates to Henkel Center in Scottsdale

GPS Insight, a GPS fleet tracking company, has signed a lease to relocate its corporate headquarters at Henkel Corporate Center, 19001 N. Scottsdale Rd.

GPS Insight is a leading technology provider of GPS fleet tracking software for fleet-based companies. They utilize high quality GPS hardware and add the customization and enhancements which fleet-based companies demand. GPS Insight leased 49,571 SF of space at the prestigious property for a term of approximately seven years. The firm plans to relocate in October from 21803 N. Scottsdale Rd. This lease brings the 348,000 SF building to 95 percent occupancy.

“Rob Donat and his team were great to work with. We set out to find the ideal location for GPS to grow their company and build a collaborative and innovative culture,” said Matt Coxhead, director with Cushman & Wakefield of Arizona.  “It is exciting to see GPS find that cool, cutting edge space to help them achieve these goals and establish themselves with a major presence in Scottsdale.  I look forward to many great things from them in future.”

Coxhead and Ryan Bartos of Cushman & Wakefield of Arizona represented GPS Insight in the lease negotiations. Steve Corney and Andrew Medley of Jones Lang LaSalle represented the owner/landlord of the property, Henkel/The Dial Corporation.

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Camelback Esplanade Gets Multi-Million Modernization

Camelback Esplanade, Phoenix’s premier mixed-use project, is launching a multi-million dollar modernization of Esplanade I and II.

MetLife, owner of four Camelback Esplanade towers, will start the venture with an update of lobby areas and corridors in Tower I, 2425 E. Camelback Rd. The improvements, which will start this month, include new Italian Botticino marble and black granite flooring to replace existing verde marble. A sculptural ceiling application, new lighting, luxuriously carpeted seating areas and refinished wood paneling will update the main lobby area.

Also included in the project is a reconfiguration of the security area to allow for greater visibility and more natural light. New furniture, plants and artwork will be incorporated. The ground floor restrooms will be completely remodeled with new tile and vanities. Multi-tenant floors will over time receive newly re-designed corridors and renovated restrooms. Major tenants in Towers I and II include Tiffany & Bosco, Cohen Kennedy Dowd Quigley, DLA Piper and Del Frisco’s Grill.

“This modernization project is integral to our overall strategy for these assets,” says Sheryl Brisbin, general manager of Camelback Esplanade. “The Camelback Esplanade stands out as a signature landmark in the Phoenix marketplace and maintaining that stature is of utmost importance. We are committed to elevating the quality of Camelback Esplanade, attracting and retaining the strongest tenants and continuing the tradition of this mixed-use property as a focal point of Metro Phoenix.”

“These physical updates to the Camelback Esplanade property are an important element of our overall strategy for this premier mixed-use project,” says Jerry Jacobs of Cushman & Wakefleld. “As the office market steadily recovers, we expect rental rates to increase. With vacancies declining in the submarket, we plan to reinforce our position. These upgrades will continue to elevate Camelback Esplanade as the finest mixed-use project in the Southwest.”

Cushman & Wakefield’s management and leasing team worked with Phoenix Design One to develop the new design of lobby and common areas. Careful consideration was given to the concept and finish selection during the six-month design process.

Stevens Leinweber Construction has been selected as general contractor for the project. The majority of work will be conducted after hours to minimize tenant disruption. Work on the 2425 E. Camelback Rd. building is slated for completion by the end of the year. Once completed, the team will move on to the Tower II, 2525 E. Camelback Road.

MetLife owns four office towers and the retail space at Camelback Esplanade. Towers I, II, IV and V offer approximately 906,176 square feet of Class A office space. The property contains 75,927 square feet of retail space. Jacobs, Larry Downey and Michael Crystal of Cushman & Wakefield serve as exclusive leasing agents for the four office towers. Summer Davis, Brian Kocour and Courtney Auther VanLoo of Cushman & Wakefield handle retail leasing for the property.

AZCREW Q&A: Jackie Orcutt, Associate Director, Cushman & Wakefield

Screen Shot 2013-07-26 at 11.12.17 AMQ: Professionally, what does it mean to you to be a member of AZCREW?

A: Commercial real estate is a wonderful field in which to work, but it is no secret that historically there have been far fewer women in the industry than men. My membership has introduced me to so many inspiring people — men and women alike — who have professional goals similar to my own. What I love most about being an active member is the ability to collaborate with accomplished real estate professionals, learn from some of the best women in the industry, and participate in an outstanding national organization dedicated to promoting education and civic service.

Q: What about AZCREW do you find to be most rewarding?

A: I start every day with a list of items that I know I need to accomplish in order to meet the promises I have made to clients and colleagues. Unfortunately, business development always seems to take a back seat to deals in progress, or crucial client meetings. However, what I love about being a member of AZCREW is that you can count on networking and developing your business relationships by simply dedicating an hour or two of your week to attending the luncheons, special events or committee meetings. The interaction with members always leads to a deeper relationship with industry leaders which in turn fosters business development.

Q: Was there an “aha moment” when you realized being a member was invaluable?

A: I remember attending my first committee meeting 3 years ago. I sat at a small conference table surrounded by incredible members who were highly recognized in the industry: Mindy Korth (CBRE), Vicki Williams and Ericka LeMaster (Alliance) to name a few.  As I listened to them brainstorm about the hot topics in commercial real estate I realized I had so much more to learn about my own profession. Instantly I was excited to be actively involved in planning programs that would provide educational opportunities to our members and local commercial real estate professionals.

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Camelback Corridor Office Building Sells For $14.85M

 

The Camelback Community Bank Building, 2777 E. Camelback Rd., has been sold for $14.85M, Cushman & Wakefield of Arizona announced.

The building, which was constructed in 1998, contains 104,618 SF of office space and is anchored by several large tenants including Capitol Bancorp, The Lavidge Company, Hill International and GPE Companies.

Hart Realty Advisors, Inc. of Simsbury, Conn., on behalf of an institutional client, sold the building to Fountainhead Equity Partners, LLC of Phoenix.

“This property has been a strong performing asset that continues to attract quality tenants seeking a prominent location,” says Chris Latvaaho, associate director in the Office Properties Division of Cushman & Wakefield of Arizona.

“Having served as exclusive leasing agent for the property during the past 10 years, I have been impressed with the appeal this building holds for tenants. It offers a unique, contemporary design that distinguishes the property from its competitors.

“This was a rare acquisition opportunity for the buyer to purchase a Class A investment property in the prestigious Camelback Corridor, where typically we see high barriers to entry.”

Latvaaho represented the seller in this off market sale and successfully procured the purchaser in the transaction.

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Kercsmar & Feltus Law Firm Signs Lease At Scottsdale Fashion Square Office Building

 

Kercsmar & Feltus PLLC signed a 10-year lease to relocate the law firm to the office building at Scottsdale Fashion Square.

The firm, which focuses on business litigation, has leased 13,235 SF at the prominent office property. The building, 7150 E. Camelback Rd., contains 120,000 SF of space.

“The firm selected this location because of its unparalleled amenity offerings and the strong location,” says Chris Latvaaho of Cushman & Wakefield of Arizona. “The property continues to attract strong credit worthy tenants that want to be located at the most prestigious intersection in Scottsdale.”

Kercsmar & Feltus PLLC will join other noteworthy tenants ADP, Regus, Cor Solutions, ETrade and Kona Grill at the office building. The law firm currently operates from the Scottsdale Forum project at 6263 N. Scottsdale Rd. and will relocate in August.

Latvaaho serves as exclusive leasing agent for the Scottsdale Fashion Square office building.

Macerich owns the property. David Verwer with Commercial Properties, Inc. represented Kercsmar & Feltus in the transaction.

 

Bo Mills & Mark Detmer

Jones Lang LaSalle Adds Bo Mills and Mark Detmer to Bolster its West Coast Industrial Efforts

National investment sales experts Bo Mills and Mark Detmer are joining Jones Lang LaSalle to lead its West Coast practice.

In response to increased client demand for broader expertise in the industrial sector, JLL’s Capital Markets made the move. Mills and Detmer joined the firm as managing directors and will partner with JLL’s industrial capital markets leader, John Huguenard, to help grow the firm’s industrial capital markets presence throughout the West Coast.

Mills and Detmer won the 2012 RED Award for Brokerage Team of the Year-Leasing with Cushman & Wakefield. They are finalists for the 2013 RED Awards

In addition, the firm has also hired two industrial brokerage experts in Phoenix. Pat Harlan and Steve Sayre are joining JLL as executive vice presidents to partner with market-leading managing directors Tony Lydon, Marc Hertzberg and Bill Honsaker to expand the firm’s leasing expertise in that city.

“Over the past several years, we’ve been committed to growing a strong and vibrant Industrial Capital Markets practice and we’ve achieved considerable success,”  Huguenard. “Clients have been clamoring for deep market knowledge on the West Coast as well, and bringing Bo and Mark on board allows us to provide the best-in-class leadership they’ve come to expect from JLL.

“Bo and Mark have long been recognized as two of the nation’s leading industrial experts and we are confident their deep client contacts will significantly drive our business growth in this critical part of the country.”

Detmer, who will be based in Phoenix, brings more than 18 years of expertise to the team, specializing in all facets of industrial real estate. He has completed more than 1,000 transactions, totalling more than 25 MSF of property.

He is a member of the Society of Industrial and Office Realtors (SIOR), a Certified Commercial Investment Member (CCIM) and a member of the Urban Land Institute (ULI). He is also active in  NAIOP, serving as the Phoenix 2011 Chairman of Night at the Fights for the third consecutive year and the current Associate Member of the Year for the Arizona Chapter of the organization.

Mills, who will be based in Los Angeles, has more than 17 years of experience, specializing in all facets of industrial real estate including acquisitions, developments, leasing and sales. He has completed more than 1,000 transactions during his career, totalling more than 25 MSF of property.

He is a member of SIOR, CCIM, ULI and also serves on the Board of Directors of  NAIOP.

“We look forward to seeing great results for our clients through the combination of this team’s knowledge and capability, and the resources of JLL’s global platform,” said Peter Belisle, JLL’s Southwest Market Director. “Los Angeles, and in particular the Inland Empire, is considered the hotbed of the country for industrial acquisitions and the site where investors most wish to expand.

“Having a leader like Bo on the ground in this market gives us a huge advantage and offers our clients expertise in every facet of the industrial spectrum; while Mark’s long-standing client relationships in Phoenix will continue to strengthen our stature there.”

Harlan brings more than 15 years of experience to the team, representing owners and tenants in sales, leasing and master-planned developments of industrial product. He is a member of NAIOP, Council of Supply Chain Management and ULI.

Sayre has more than 17 years of experience in the industrial sector, also representing owners and tenants in sales, leasing and master-planned developments. He is a member of NAIOP and CCIM.

“Pat and Steve are known as one of the city’s top industrial leasing teams, regularly facilitating significant industrial lease transactions year after year. Adding this level of capability and strength will give us the most comprehensive industrial expertise in the region, from logistics, agency leasing and tenant representation all the way to the buying and selling of properties and land services,” said Craig Meyer, Executive Managing Director and leader of JLL’s Industrial and Logistics Americas.

This team complements the recent hires of Harvey Beeson, Luke Staubitz and Andrew Difler to the Los Angeles industrial team earlier this month. Beeson and Staubitz specifically focus on the South Bay submarket and will partner with the new team to provide a holistic industrial and logistic perspective to the region.

 

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Cushman & Wakefield Announces Opening of 2 New Restaurants at The Shops at Esplanade

 

Cushman & Wakefield announced the opening of two new restaurants at The Shops at Esplanade, on the SEC of Camelback Rd. and 24th St.

The new tenants are part of Esplanade owner, MetLife, and Cushman & Wakefield’s efforts to revitalize the property’s retail presence.

“We have worked diligently with MetLife to attract an exciting and successful blend of restaurants and retailers at the property that will suit this market,” said Jon Cowen, senior director at Cushman & Wakefield. “The Camelback Corridor provides a fabulous market opportunity for the correct tenants and we’re pleased that ownership’s plan is coming to fruition.”

Pearl Live!, a Scottsdale–based company, will open a sushi restaurant with live entertainment. Pearl Live! at the Esplanade will be the second sushi/entertainment concept for renowned restaurateur, Jimmy Carlin.

The Esplanade location will feature a large, outdoor patio, an indoor/outdoor bar, and live music. Situated directly across from the Ritz Carlton, the space was previously occupied by Morton’s Steakhouse. Carlin plans to cater to the business lunch and happy hour crowds, but also provide an upscale venue at night.

Bob Tam, former corporate chef for P.F. Chang’s and current director of culinary operations for Maven Hospitality Group (which recently opened The Strand Urban Italian in Downtown Phoenix), will be responsible for the creation of Pearl Live!’s menu. The approximate 7,977 SF sushi restaurant is slated to open in May.

Solo Trattoria, a new concept from Chicago-based Gemstone Café Group, plans to open  at the Esplanade in mid February. Brittany Harrison of Catalyst Commercial represented the tenant in this transaction, bringing the company’s first location to Arizona.

The Modern Italian restaurant leased approximately 2,555 SF of space which was previously occupied by Picazzo’s Pizza. Solo Trattoria will feature Italian food, including Naples style thin crust pizza, authentic pastas, imported cheeses, and wine and beer.

Jon Cowen and Summer Jackson of Cushman & Wakefield serve as exclusive leasing agents for The Shops at Esplanade. Larry Downey, Jerry Jacobs, and Michael Crystal lease the available office space for property owner MetLife.

 

Camelback Esplanade

Camelback Esplanade Has A New Addition: The Del Frisco's Grille

Camelback Esplanade, once the unofficial headquarters for Valley power lunches, is now mentioned most often for slowing revenue and high turnover rates. This June, however, the storied mixed-use center will welcome a newcomer to the table.

In its first restaurant venture in Arizona, Del Frisco’s Grille will fill the now-vacant booths of the venerable Houston’s Restaurant, which relocated in December 2010.

Del Frisco’s Grille, a high-end steakhouse and bar, serves contemporary American cuisine.

Del Frisco’s Grille is exactly what the landlord hoped for, says Jon Cowen, senior director at Cushman & Wakefield of Arizona. Cowen was the property’s listing agent, representing the Metropolitan Life Insurance Company of New York in the lease transaction.

“MetLife, the owner of the property, is very pleased to be leasing space to a high caliber brand like Del Frisco’s Grille,” Cowen says. “This mixed-use restaurant and retail project is the perfect home for a destination restaurant of this quality and reputation.”

Camelback Esplanade lost major tenants in Houston’s Restaurant and McCormick & Schmick’s, which closed abruptly in early January. In an effort to revamp the property’s appeal, Camelback Esplanade plans to amend its image, Cowen says.

“This lease is a critical first step in our plans to re-merchandise the retail space at Camelback Esplanade,” Cowen says.

Despite the center’s dwindling headcount, Del Frisco’s Grille is eager to make the move.

“This Camelback location is ideal,” says Bill Martens, director of development at Del Frisco’s Restaurant Group. “It has a good balance of strong office and residential density to support this dining experience, making us a convenient choice for our local guests.”

Del Frisco’s Grille plans to extensively renovate the 7,379 SF restaurant space, including the installation of a roof deck patio for extended dining capacity. Located at 24th Street and Camelback, the restaurant will be the third Del Frisco’s Grille location nationwide.

To find out more about Camelback Esplanade’s restaurants, camelbackesplanade3.com.

 

Newsmakers, AZRE Magazine March/April 20111

Newsmakers: AZRE Magazine March/April 2011

Newsmakers: March/April 2011

Rommie Mojahedand Mary Ridberg were appointed directors of leasing for the Phoenix office of Sperry Van Ness. Mojahed and Ridberg will be responsible for recruiting, business development and growth of the leasing team.

Brian Smuckler and Jeff Seaman joined CB Richard Ellis’ Multi-Housing Private Client Group in Phoenix. Smuckler, senior vice president, and Seaman, senior associate, will form a new team working with private-capital multi-family investors. Smuckler, who leads the team, comes to CBRE from Marcus & Millichap, where he was a director of the National Multi-Housing Group. Seaman also joins CBRE from Marcus & Millichap, where he was a senior associate. CBRE also hired Timothy Keating as senior office operations manager.

The Plaza Companies announced it is opening a new Tucson office and hired a leasing professional. Plaza Companies currently provides property management and leasing services to three medical office properties in the Tucson area: Academy Medical, Desert Medical Center, and LaCholla Medical Center. Plaza Companies has hired Lauri Abbinante, a Tucson resident who has worked in the Tucson brokerage community for more than nine years, as senior portfolio manager and leasing specialist.

Commercial Properties Inc. (CPI) has added 11 new agents over the past few months at its Tempe and Scottsdale locations. They are: John Soldo, Trent Rustan, Josh Gosnell and Brandon Koplin, Tempe; and Nicholas Miner, David Verwer, Homer Savard, Donn Kinzle, Sam Walker, Phill Tomlinson and Bob Deininger, Scottsdale

Quarles & Brady announced that Brian Booker, a partner in the firm’s Phoenix office, has been appointed to the board of directors of The Wellness Community. Booker’s practice focuses on commercial litigation with emphasis in commercial and professional liability, real estate, securities fraud and products liability.

Grubb & Ellis announced that Robert Stephens has joined the company as vice president, Industrial Group. Specializing in the representation of industrial tenants and landlords, Stephens joins Grubb & Ellis from Cushman & Wakefield, where he spent 15 years as a senior director. Grubb & Ellis also announced that Andrew Banister and Alan Gillespie joined the company’s Investment Services group as senior vice president and vice president, respectively. They will specialize in the sale of office and industrial properties.

DLR Group recognized seven individuals at its regional annual meeting. They were rewarded for their commitment to the firm and willingness to accept and excel in leadership roles. David Boehm was appointed as senior principal; Scott Shively was promoted to principal; Elizabeth Rendon and Eric Loos were promoted to senior associates; and Karen Heck, Rickey Austin, Andrew Dunlap and Jason Hocking were promoted to associates.

CB Richard Ellis promoted Gavin McPhie to managing director of its Valuation & Advisory Services (VAS) Group in Phoenix. McPhie, who has nearly 10 years of real estate appraisal and consulting experience, joined CBRE in 2005. CBRE also hired Timothy Keating as senior office operations manager.

NAI Horizon added Rick Foss to its Industrial Properties Group. He has spent the past 10 years representing a wide range of industries in the acquisition of their real estate facilities. Prior to joining NAI, Foss worked at Insignia ESG, Grubb & Ellis and Cassidy Turley | BRE Commercial in Phoenix.

Grubb & Ellis announced that Jeffrey Chalfin has joined the company as vice president, Investment Services. Chalfin specializes in the sale of multi-tenant retail assets and joins Grubb & Ellis from Sperry Van Ness, where he began his career in 1998.

Mortenson Construction promoted Paul Kitching to director of operations. Kitching has been with Mortenson since 1997 through the joint venture project, Minnesota Correctional Facility in Rush City, Minn. He became an official Mortenson team member in the Minneapolis office in 2000, with a focus in sports and healthcare

Gilbane Building Company named D. Thomas Goderre district operations manager in its Phoenix office. Goderre will manage all of Gilbane’s business and construction operations throughout the district.

Cassidy Turley | BRE Commercial announced that Scott Boardman has joined the company’s Office Services Group as a senior associate. Boardman will be partnering with senior VPs Trevor Klinkhamer and Jeff Hartland to form a new Office Services Group team.

Cushman & Wakefield promoted Will Strong to the senior associate post within the Bo Mills and Mark Detmer Industrial Specialty Group. Strong specializes in representing and consulting corporate tenants, institutional landlords and developers in the acquisition, development and disposition of industrial real estate.

Sundt Construction promoted three employees: Thomas Mertz to senior vice president and manager of Sundt’s federal division (formerly vice president of business development); Herbert Chong to vice president of business development (formerly project director); and Gregory Ayres to area manager (formerly senior project manager).

Vince Lujan accepted the position of president and CEO of Salt River Devco, the asset management and commercial development company for the Salt River Pima-Maricopa Indian Community. Lujan, a Pueblo Indian from New Mexico, served as interim president and CEO of Devco since March 2010. Jeff Roberts was appointed asset manager and will oversee management of six commercial office buildings totaling 370,000 SF in Chaparral Business Park.

Jones Lang LaSalle vice president Jason Moore moved from the agency to the tenant representation team in the company’s Phoenix office. Moore will specialize exclusively on tenant representation and consultation for corporate clients in Phoenix.

AZRE Magazine March/April 2011

Newsmakers, AZRE Magazine March/April 20111

Newsmakers: AZRE Magazine November-December 2010

Newsmakers In Arizona Real Estate

Newsmakers in the commercial real estate industry are featured each issue. Here are the movers and shakers for November – December 2010:

Cushman & Wakefield acquired Cowen Commercial, a real estate firm specializing in retail leasing, investment sales, shopping center repositioning and development. Owner and President Jonathan Cowen, Adam Madison, Joseph Hoye II and Shannon O’Keefe joined Cushman & Wakefield. Cowen will be a senior director.

Jamie Medress was promoted to senior vice president investments at Marcus & Millichap.

Cliff David was promoted to vice president of investments. He specializes in multi-family investment sales.

Michel Ayer, an attorney at Quarles & Brady’s Phoenix office, was elected to Habitat for Humanity’s Central Arizona board of directors. Ayer is a member of the firm’s real estate group.

GPE Management Services named Linda Tierney senior property manager of the company’s property management services. She will be responsible for the direct management of RJ Realty Investors’ Phoenix portfolio.

RiverRock Real Estate Group, which will manage an unnamed client’s 1.6 MSF Phoenix industrial portfolio, named Michelle Weber as property manager to oversee the portfolio.

Erik Marsh joined Grubb & Ellis as vice president, Industrial Group, primarily specializing in sales. Marsh joins Grubb & Ellis after spending six years with Marcus & Millichap.

Daniel Mercer joined Grubb & Ellis’ Financial Services Asset Management group as senior vice president. With 37 years of experience, Mercer will oversee the company’s distressed asset services in the Phoenix region.

Karl Abert joined Grubb & Ellis as vice president, Multi-Housing Group. His team will include David Cravath, vice president, who joined the company in June.

Laurel Lewis joined NAI Horizon’s Office Properties Group. She spent the past 10 years with Grubb & Ellis.

Geoffrey Harris was promoted to vice president capital markets with Mark One Capital. Harris began his career with MMCC in 2006, specializing in single-tenant/retail.

Tim Phillips joined GPE Commercial Advisors as associate vice president specializing in industrial, flex and office property sales and leasing.

Raul Abad rejoined the Phoenix office of Gust Rosenfeld and will focus his practice on commercial real estate transactions, including development, leasing, financing and acquisitions and dispositions. He was practicing law in Denver.

Mark Dillon was named designated broker for Cassidy Turley BRE Commercial. Dillon joined the firm in December 2006, and is adding to his current position as vice president and general counsel.

Faris Lee Investments, a retail investment firm, opened a Phoenix office and named David Wetta as senior member overseeing a 3-person team. Wetta previously was with Marcus & Millichap. Joining Wetta: Joseph Compagno, Paul Salinas and Nathan Hubbell. All 3 were formerly with Marcus & Millichap.

MODE Real Estate Management Services hired Gina Rouban as assistant property manager.

Quarles & Brady attorney Katea M. Ravega was elected treasurer of the U.S. Green Building Council Arizona Chapter. Ravega is a member of the firm’s Environmental Law Group and a LEED accredited professional.

AZRE Magazine November/December 2010

Advantage Business Park, AZRE July/August 2008

Mixed-Use: Advantage Business Park


ADVANTAGE BUSINESS PARK

Developer: Phone Jockey Land Partners #1 LLC
General contractor: TBD
Architect: PH Architecture
Location: SEC Alma School & Pecos roads, Chandler
Size: 131,000 SF

The $25 million project consists of three, single-story retail buildings totaling 30,000 SF, and on 3-story office building at 101,000 SF. Construction is scheduled to begin 4Q08, with an estimated completion date of 2Q09. Brokers: Retail – Grubb & Ellis; Office – Cushman & Wakefield

AZRE July/August 2008