Tag Archives: Ryan Companies US

ryan

Marina Heights hosts National Fall Prevention Stand Down

Ryan Companies US, Inc., co-developer with Sunbelt Holdings and builder of Marina Heights at Tempe Town Lake, hosted Occupational Safety and Health Administration (OSHA) federal officials and Arizona Division of Occupational Safety and Health (ADOSH) state officials this week to honor the National Fall Prevention Stand Down. The purpose of the “Safety Stand Down” is to raise awareness of preventing fall hazards in
construction
.

ADOSH Assistant Director, Jessie Atencio was on hand to present Ryan Companies with a plaque commemorating the voluntary event. And after other presentations, Ryan Companies Safety Superintendent, Kyle Schoenberger invited all Ryan employees and Marina Heights’ 20 subcontractors to attend fall protection demos and view fall protection products, available for viewing at the site.

“We were happy to welcome OSHA and ADOSH representatives to Marina Heights on this important day. Safety is our number one priority and greater education, such as that being presented at the Safety Stand Down will help avoid accidents in the future,” said Schoenberger.

Recently, Ryan Companies also hosted Tempe and other local fire departments at the Marina Heights site to conduct high-rise building and crane rescue training exercises. Scenarios that were practiced included proper techniques for rescuing a person from a structure under construction, crane rescue procedures and using specialized equipment needed for these types of rescue.

Marina Heights is a 20-acre, $600 million mixed-use development that will include five office buildings leased by State Farm, retail amenities and a 10-acre plaza to be constructed during the next four years. The 2 million square foot project has been under construction for nine months, accumulating more than 250,000 safe man-hours with no loss time to date.

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Bascom Arizona Closes 432-Unit Luxury Apartment Community in Phoenix, Arizona

Bascom Arizona Ventureshas acquired Arcadia Cove Apartments, a 432-unit luxury community located in Phoenix, for an undisclosed price. Bascom Arizona Ventures worked with Brian Eisendrath and Brandon Smith of CBRE to arrange the financing for the purchase. Steve Gebing and Cliff David from Marcus & Millichap represented the buyer and seller on this transaction.

Built in 1996, the property consists of twenty-five two -and -three -story buildings with two chlorine-free mineral swimming pools and two spas. Other amenities include a state-of-the-art 24-hour fitness center, controlled access gated entry, many common area Wi-Fi hot spots, barbecue grills, and detached garages. Arcadia is located in the prized Arcadia neighborhood in the heart of metropolitan Phoenix, at one of the busiest north/south thoroughfares.

Mark Brotherton, Portfolio Manager for Bascom Arizona, comments, “Arcadia is a prime candidate for property wide upgrades to capitalize on the recovering Phoenix multifamily market. We are excited about our newest acquisition and look forward to commencing our value add program as soon as possible. Arcadia Cove is our 10th acquisition that we have completed in the past 12 months in the state of Arizona.”

Bill Wright, Asset Manager for Bascom Arizona Ventures, adds, “Bascom will recapitalize the property with exterior and interior renovations which will equip Arcadia Cove with one of the best amenity packages in the submarket. We look forward to creating value for our new residents.”

About The Bascom Group, LLC: The Bascom Group, LLC is a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding extensive capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom has completed over $8.0 billion in multi-family and commercial value-added transactions since 1996 including more than 220 multifamily properties and 60,000 units. Bascom currently ranks among the top 50 multifamily owners in the US. Bascom’s subsidiaries and joint ventures include the Southern California Industrial Fund, Rushmore Properties, Bascom Portfolio Advisors, Shubin Nadal Associates, Spirit Investors, Bascom Northwest Ventures, Bascom Arizona Ventures, and the Realm Group. Bascom’s subsidiaries also include Premier Business Centers, the largest privately held executive suite company in the US.

Tempe Town Lake July 4th Festival

Tempe lands state’s largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

Tempe Town Lake July 4th Festival

Tempe lands state's largest office development deal

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

tempe

Ryan Companies US, Sunbelt Holdings To Co-Develop 2 MSF Multi-Use Office Development In Tempe

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month.

State Farm will lease office space and anchor the multi-use development.

“We are thrilled that Ryan Companies US, Inc. and Sunbelt Holdings have been selected to co-develop and construct the State Farm regional hub,” said John Strittmatter, President of Ryan Companies US, Inc., Southwest Division.

“With retail and recreational amenities on site for State Farm employees and the entire community to enjoy, Marina Heights will become an important icon of the Tempe Town Lake landscape and we are proud to be a part of it.”

The Marina Heights project in Tempe will be the largest office development deal in Arizona history, with more than 2 MSF to be constructed on more than 20 acres. Construction costs are estimated at $600M. Additionally, 40,000 SF to 60,000 SF of retail amenities will complement the transit-oriented development, including food service, coffee shops, restaurants, business services, and fitness facilities.

The site will also feature an approximately 10-acre lakeside plaza, which will be open to the public.

“This is a proud day for Tempe and everyone involved. We are tremendously excited about what the addition of State Farm will mean to our community over the decades to come,” said Tempe Mayor Mark Mitchell. “These employees, buildings, and amenities will further contribute to and showcase the vibrancy of Tempe Town Lake, Mill Avenue, and Arizona State University, and serve as a catalyst for more high-quality development.”

“We are thrilled that State Farm will be expanding in Arizona,” said Gov. Jan Brewer. “The jobs that will be created to make this project a reality will be a tremendous boon to our economy. This is a great example of how our plan to build an Arizona that is attractive to high value employers is hitting the mark.”

The five-building campus will be leased by State Farm and become a hub to include a combination of new hires and existing employees who will provide claims, service, and sales support to State Farm customers.

“State Farm selected Tempe because it has a growing population with skill sets that match our customers’ needs,” said Mary Crego, Senior Vice President, State Farm. “The site along Tempe Town Lake gives our employees access to nearby amenities as well as easy connections to public transportation.”

“We look forward to having State Farm as a neighbor and to working with the company on a variety of programs including employee recruitment and academic programs for their staff,” said ASU President Michael M. Crow.

“State Farm’s decision to lease the land owned by the university immediately adjacent to the ASU Athletic Facilities District is the first major step in the campaign to fund new and renovated sports facilities for the university. The Athletic Facilities District will be home to an exciting mixed-use development reflecting high quality and the best practices of sustainability. A high stature tenant such as State Farm will add to the luster of the district and validates its attractiveness.”

The project is being developed by Ryan Companies US, Inc. and Sunbelt Holdings. Tempe-based architectural firm DAVIS designed the project.

rsz_egcf_rendering

Ryan Companies US To Build 126,000 SF Manufacturing, Industrial Building In Chandler

 

A 126,000 SF industrial building designed for manufacturing and warehousing operations, known as EastGroup @ Chandler Freeways, is set for completion in 4Q 2013 adjacent to the 202 Freeway. Ryan Companies US, Inc. has been selected as general contractor for the project.

“We continue to invest in Arizona as one of our five core states. We believe the Greater Phoenix industrial market has recovered to the point where there are shortages in certain types of industrial properties, justifying a limited amount of speculative construction,” said Bill Petsas, EastGroup Senior Vice President.

“EastGroup @ Chandler Freeways is consistent with our focus on developing high quality business distribution assets, clustered together in land-constrained submarkets, near major transportation features. This building has state-of-the-art features that will appeal to and allow our customers to operate more efficiently.”

EastGroup @ Chandler Freeways expands EastGroup’s presence in Chandler, where the company owns three buildings and an additional 32 acres for development.

“Ryan Companies US is pleased to be building for an excellent owner such as EastGroup. We feel they will be very successful with this project at Chandler Freeways,” said Todd Holzer, Vice President of Development of Ryan Companies US, Inc., Southwest Division.

Located in the Chandler Freeways Business Park, Ryan Companies US, Inc. sold the 10.5-acre site to EastGroup in March of 2012.

Butler Design Group will provide architectural services.

 

 

After Hours: Catherine Alcorn, CR Engineers

>> Catherine Alcorn

President of CR Engineers, Inc.

With CR Engineers for 19 years

rsz_catherine_alcornBorn and raised in Phoenix, received a BS in Electrical Engineering from Arizona State University

Husband John; daughter Audrey, 8; son Anthony, 5

>> Responsibilities

Alcorn manages the business and serves as senior electrical engineer for Aviation, Water/Wastewater, and Recreational Facilities.

>> Favorites

Sport/teams: Patriots, Red Sox, Celtics, and Bruins.

Music: Blues, classical rock, and any Johnny Cash song.

Destinations: Happy Jack, Ariz., and Portland, Maine, in the summer. I’d like to visit Italy, Australia, and go on an African safari.

Activities: Alcorn loves to spend time with her husband, kids, and three dogs. She also enjoys volunteering at her kids’ school.

>> What did you think you’d be when you were growing up?

As a daughter of an electrical engineer who founded CR Engineers in 1985, I always knew I’d follow in my father’s footsteps and be an electrical engineer.

>> What accomplishment are you especially proud of?

My husband and I have successfully continued the family business after my father’s passing in 2001. With our office close to our home in Fountain Hills, we maintain active participation in all our children’s activities and schools.

>> What would people be surprised to know about you?

I’m a gourmet cook. My favorite dishes include smoked duck and andouille sausage gumbo.

>> Best business advice you’ve ever been given:

The greatest mistake an executive can make is to be afraid of making a mistake.

>> Advice you’d share with people:

Stay humble and curious. Maintain a hunger to always learn more. Build a vision for your life and set your goals to reach them.

Maricopa County Court Tower Garners Awards

Maricopa County Court Tower Garners Awards

Good things come in pairs. The Maricopa County Downtown Court Tower (MCDCT) team, comprised of Gilbane Building Company in association with Ryan Companies US, Inc., can attest to that.

After winning the 2011 Best of NAIOP Economic Project of the Year Award, the MCDCT team also received a RED Award honorable mention in AZRE for Best Public Project. The tower was recognized for outstanding industrial or office economic projects that impact the county and the construction community in a beneficial way.

“The Economic Project of the Year Award is proof of the wisdom of the Maricopa County Board of Supervisors and Department of Public Works,” said Todd McMillen, Gilbane’s project executive.

The 700,000 SF tower opened on Arizona’s 100th birthday, Feb.14, with its long-awaited debut and a dedication by former Supreme Court Justice Sandra Day O’Connor.

Designed by Gould Evans Associates, the tower sits in the heart of Phoenix and houses more than 200 courtrooms. Not only is the tower Maricopa County’s first LEED Silver certified project, it has benefitted the economy through creating more than two million hours for employment opportunities.

Due to infrastructure improvements, and a land exchange between the city and the county, hundreds of thousands of dollars of annual deferred maintenance were omitted. The project created more than 1,600 jobs; 1,200 in the construction trades, 300 in professional, and 100 service jobs in such things as printing, delivering, and other areas.

Over the life of the project, the estimated local payroll benefit will be $110M in taxable income. In addition to local businesses benefiting, the vast majority of the tower was completed using Arizona businesses and Arizona workers, even more proof of the economic impact.

Local materials were purchased whenever possible: Schuff Steel provided the steel and fabrication; Coreslab provided the precast facade.

“This project was a major economic engine for construction in the greater Phoenix area for over three years,” said Steve Jordan, Ryan Companies director of construction. “Not only did it provide for a consistent source of income for many workers and their families, but because the project was paid for in cash, it also saved the citizens of Maricopa County nearly $200 million in financing charges that will never need to be collected in higher taxes.”

Mike Haenel, Chairman, NAIOP - AZRE Magazine September/October 2011

NAIOP-AZ Mike Haenel A Major Player In Future Of State's CRE Industry

NAIOP-AZ chairman Mike Haenel a major player in the organization and in the future of state’s CRE industry

For 26 years, Mike Haenel, executive vice president for Cassidy Turley/BRE Commercial Industrial Group, has been successful marketing industrial and back-office land and building space in Arizona.

In the early 1990s, he even did a brief stint in the development side of the business.
Since 2003, Haenel has completed 300-plus deals worth a combined $740M. He also has collected several industry awards along the way.

But Haenel said he couldn’t have achieved these significant accomplishments without his partner, Andy Markham, and the support of Cassidy Turley.

They have been able to close transactions during the good and bad times.

So for more than two decades, he has been an active member of NAIOP — the organization he considers a must for anyone hoping to be a major player in Arizona’s commercial real estate future.

Now as NAIOP Arizona chairman, Haenel gets to set the course for the organization.

It’s a challenging time to be at the helm.

Arizona’s commercial real estate industry, like that of much of the country, is adrift in turbulent waters.

In Arizona, the industrial segment has hit bottom and is slowly heading back into better times, Haenel said.

The Phoenix metro area absorbed 3 MSF of industrial space in 2010, and, with the new Amazon warehouse deal, already surpassed 4 MSF by mid-year 2011.

“There are several large build-to-suits looking in the marketplace, and we expect to exceed 5.5 million square feet (absorbed by year-end),” he says.

But the office market, NAIOP’s other purview, is still foundering with too-high vacancy rates and too low rents.

Still, Haenel offers tempered optimism for that segment going forward.

Office rental rates “showed some stabilization” in second quarter, he says, and that is a hopeful sign.

“If we continue to absorb industrial space as we have for the last 18 months, I see speculative development again within the next three years,” Haenel says. “Clearly, office would be longer.”

NAIOP will be essential for charting a clear course through the still-choppy seas ahead, he adds.

Industry professionals banding together, exercising their combined clout and sharing knowledge and experience, helps them survive the difficult times and prosper when the storm clouds dissipate, Haenel says.

“NAIOP is such a great networking organization,” Haenel says. “It shows how important relationships are especially in a period like this. The relationships you create, nurture and foster help as the market recovers, but help (especially) when the market is as tough as it’s been.”

Haenel said while it’s a rough time for Arizona’s commercial real estate industry, it’s really not so bad sitting in NAIOP’s pilot seat.

The previous chairman, Todd Holzer of Ryan Companies US, and NAIOP Arizona president Tim Lawless, have set so many fruitful programs in motion, Haenel just has to hold the wheel steady, he says.

“I am grateful for the past chairmen and current/past board members who have built the organization to what it is today,” Haenel says.

But he has his own pet programs, too.

Member education, developing the industry’s future leaders and fostering positive public policy, are top focuses for the new chairman. He sees them as the keys not just for his organization, but for the future of Arizona’s commercial real estate industry.

Providing networking events, information sessions, and education opportunities for more than 540 members is so important for fostering relationships and keeping industry pros abreast of issues and concerns that impact their business, he says.

The Arizona chapter’s Market Leader Series, quarterly events that feature small panels of experts on such important local topics as job growth, distressed real estate and the like, has garnered standing- room-only attendance, he says.

This year, local members also get to share with their peers from around the country and showcase their own state’s attributes as Phoenix hosts NAIOP’s annual meeting in October.

Other key strategies for Haenel as he steers the NAIOP ship forward are mentoring and encouraging the next generation of local commercial real estate leaders to ensure the industry remains vital for the short- and long-term future.

“As we continue to get older, we are blessed to have some great young people coming up in the ranks,” he says. And Haenel is determined to indoctrinate them with the importance of his “build relationships” mantra.

He is a big backer of NAIOP’s Developing Leaders program, aimed at the under-35 up-and-comers, and the Arizona chapter’s DL Mentor Program, a new initiative that has been a year in development and has just launched.

Along with continuing education for all members and developing and nurturing the young members, the third leg of Haenel’s stool of NAIOP initiatives aimed at nursing the state’s commercial real estate industry back to health, is influencing public policy.

The group lobbied hard for HB2001, dubbed “the jobs bill,” which has several elements including tax incentives and the new Arizona Commerce Authority to proffer those enticements to businesses looking to expand or relocate. Haenel hopes the new legislation will reinforce Arizona’s image as business-friendly and provide a big lure for new or growing businesses and their commercial real estate needs.

Haenel says NAIOP will continue to pressure the legislature on issues that the organization feels could make Arizona more competitive for any type of businesses, and to educate members on the legal ramifications of any new or proposed bills and clarify why they should care.

His assessment of the local commercial real estate industry’s short-term future is that Arizona has all the right elements to take advantage of the recovery as it gains ground, and, long-term, to grow and prosper.

“Arizona is considered a top-tier commercial real estate community,” Haenel says. “We are so lucky to have the quality of professionals in Arizona to create and develop first-class commercial real estate projects. And that allows us to attract, compete and win high quality jobs.”NAIOP-AZ Chairman Mike Haenel

For more information about NAIOP-AZ and chairman Mike Haenel, visit www.naiop-az.org.

AZRE Magazine September/October 2011

 

Best Public, Commercial Buildings - AZRE Magazine September/October 2011

Arizona's Biggest, Best And Most Memorable Public And Commercial Buildings

Steel, Glass and Marvelous: A look at the biggest, best and most recognizable public and commercial buildings in Arizona

OK, so we don’t have the skylines of L.A., New York or Chicago. But for a state barely celebrating its first centennial, Arizona — Metro Phoenix in particular — is home to some fairly impressive commercial and public buildings.

Arizona doesn’t have the 110-story Chicago Sears Tower (now called the Willis Tower) … but the Chase Tower in Downtown Phoenix looms as the tallest building in Arizona at 40 stories.

We don’t have New York’s swanky Plaza Hotel … but the Arizona Biltmore Resort & Spa — The Jewel of the Desert — is a world-famous travel destination.

The Los Angeles Coliseum? … Nope, we don’t have that either. But University of Phoenix Stadium in Glendale already has played host to one Super Bowl and two BCS National Championship Games.

As part of AZRE’s Arizona Centennial Series, a look at the biggest, best and most recognizable public and commercial buildings in the state.

Best Sports Venue

University of Phoenix Stadium, Glendale
Contractor: Hunt Construction
Architect: Peter Eisenman
Year built: 2006

University of Phoenix Stadium, Glendale - AZRE September/October 2011One might say that the Arizona Cardinals scored when they found their new home in $455M University of Phoenix Stadium. With a multi-purpose design, the 63,400-seat stadium is host to not only football and soccer games, but to an array of events including motor sports competitions, trade shows and concerts. While the stadium may pride itself on its innovative versatility, the building’s design is equally as impressive. The exterior of the stadium, with alternating reflective metal panels and the iconic “Bird-Air” retractable fabric roof, was designed to replicate a barrel cactus. The interior features artistic elements including nostalgic photos and a series of murals representative of Arizona.


Tallest Building

Chase Tower - AZRE Magazine September/October 2011Chase Tower, Phoenix
Contractor: Henry C. Beck Co.
Architect: Welton Becket & Associates
Year built: 1972

Chase Tower certainly stands out in the Phoenix skyline with its modern use of glass, steel and concrete. This 40-story financial establishment was originally constructed for Valley National Bank, which after a series of mergers is today Chase Bank. In addition to its contemporary style, the tower strays from tradition with its underground, retail entry level, as opposed to the traditional commercial lobby space used in other buildings of its type. Aside from the tower’s primary use as an office space, Chase Tower offers restaurants, retail and, of course, banking services.


Oldest Commercial Building

Orpheum Theatre, Phoenix
Contractor: J.E. Rickards and Harry Nace (renovation Orpheum Theatre, Phoenix - AZRE Magazine September/October 2011by Huntcor, phases 1 and 2; Joe E. Woods, Inc., phase 3)
Architect: Lescher & Mahoney
Year built: 1929

As the only designated historic theater and last remaining example of theater palace architecture in the Valley, the fully restored Orpheum Theatre leaves little to the imagination when it comes to envisioning the grandeur of drama and cinema in America’s Golden Age. The original Spanish Baroque style theater was built by J.E. Rickards and Harry Nace as the final major construction project before the Great Depression. Once dubbed the “Grand Dame of Movie Theaters,” the Orpheum was originally intended for film and vaudeville performances. Though ownership of the theater has been passed down from Paramount to cinema aficionado James Nederlander to the City of Phoenix in 1984, its elegant, 1,364-seat Lewis Auditorium and glamorous marquee at Second and Adams prove that the “Grand
Dame” status has survived.


Best Hospitality Property

Arizona Biltmore Resort & Spa, Phoenix
Arizona Biltmore Resort & Spa - AZRE Magazine September/October 2011Architect and builder: Albert Chase McArthur
Year built: 1929

Albert Chase McArthur certainly called upon the teachings of his former instructor, Frank Lloyd Wright, when he designed “The Jewel of the Desert,” The Arizona Biltmore Resort & Spa. The resort’s construction features McArthur’s signature concrete “Biltmore Block,” whose geometry mimics the surrounding palm trees. In its early days as the preferred resort of celebrities and heads of state, the Biltmore was owned by William Wrigley Jr. With expansions and renovations including two golf courses, a spa, the Paradise Guest Wing and Pool, ballrooms and additional meeting spaces, the resort retains its status of elite hospitality and one of the largest hotels in Arizona.


Phoenix City Hall - AZRE Magazine September/October 2011Best Government Building

Phoenix City Hall
Contractor: Hunt Construction Group
Architect: Langdon Wilson
Year built: 1993

In relation to its surroundings, and rising up 22 stories, Phoenix City Hall can be classified as one of the Valley’s few skyscrapers. The building, also called the Phoenix Municipal Building, replaced the Old City Hall, which was located in the Calvin C. Goode Municipal Building. The building is home the City of Phoenix and the origin of legislation regarding public safety, transportation, recreation and sustainability. Phoenix City Hall is the common stomping ground for the governments of the city’s eight districts.


Most Expensive Commercial Building

Most Expensive Commercial Building - AZRE Magazine September/October 2011CityScape, Phoenix
Contractors: The Weitz Company and Hunt Construction
Architect: Callison Architecture
Year built: 2010

The phrase “never a dull moment” is often reserved for people and places that provide some source of endless entertainment—and that’s exactly what CityScape offers. The $900M, mixed-use development hits the perfect balance of work and play with its collection of commercial towers, entertainment venues, retail and restaurants spanning two city blocks. The mixed-use facility may be one of the few places Valley residents and tourists can exercise, have a relaxing morning in Patriot’s Park, grab sushi or burgers for lunch, grocery shop, buy that new dress, attend a baseball game and finish the day off at a swanky restaurant or bar—all without getting in a car.


Best Medical Facility

Phoenix Children’s Hospital
Contractor: Kitchell
Architect: HKS
Year built: 2011

TPhoenix Children's Hospital - AZRE Magazine September/October 2011he visual spectacle that is now the Phoenix Children’s Hospital’s new main building impacts countless drivers on State Route 51 with its lights and seamless architecture. And with the 11-story tower capable of serving 425 patients, the hospital hopes to impact equally as many children. With the new tower comes additional clinic space and operating rooms, a new Pediatric Intensive Care Unit and a separate Cardiovascular Intensive Care Unit in response to the hospital’s successful Children’s Heart Center. The hospital’s recent makeover was not limited to the construction of the new tower, but included renovations to the existing buildings and new of satellite centers.


Best Public Building

Musical Instrument Museum, Phoenix
Contractor: Ryan Companies US
Architect: RSP Architects
Musical Instrument Museum - AZRE Magazine September/October 2011Year built: 2010

Former Target CEO and African art collector, Robert J. Ulrich, was inspired to found the Musical Instrument Museum after visiting a similar museum in Belgium. The museum’s modern design is meant to compliment its surrounding desert landscape. MIM’s interior features a tile path, “El Río,” that flows to connect each of the museum’s galleries, as well as structural lines designed to echo those of common musical instruments. The museum boasts a unique collection of 14,000 musical instruments from 200 countries, with an emphasis on those of Western origin and includes pieces which once belonged to music legends including John Lennon and Eric Clapton.


Biggest Commercial Building

Phoenix Convention Center
Contractor: Hunt-Russell-Alvarado
Phoenix Convention Center - AZRE Magazine September/October 2011Architect: HOK Venue
Year built: 2008 (final phase)

Home to countless trade shows, conventions and formal events and weighing in at 1.9 MSF, the Phoenix Convention Center is among one of the largest of its kind. The many structures of the convention center are built with stones and materials native to Arizona and designed to emulate our southwestern landscape and culture. Each building combines innovation and tradition with state-of-the-art technology services for vendor presentations and art from nationally recognized artists that highlight Arizona’s cultural identity.


Most Recognizable Building

Biosphere 2, Tucson
Builder: Space Biosphere Ventures
Architect: Phil Hawes
Year built: 1987, 1991

Biosphere Tucson - AZRE Magazine September/October 2011Biosphere 2 is the much-anticipated sequel to the original biosphere made famous by years of evolution—Earth. The facility functions as a world within a world, separated from the outside by a 500-ton steel liner. Under its 6,500 windows and 7.2M cubic feet of sealed glass, self-sufficient ocean, wetland, grassland, desert and rainforest ecosystems thrive. In addition to the awe-inspiring glass dome structure, it includes the Technosphere basement floor and the Energy Center with electrical and plumbing services to maintain climate and living conditions within the dome. Biosphere 2, originally  funded by a $30M gift from the Philecology Foundation, is now managed by the science program at the University of Arizona.

AZRE Magazine September/October 2011

 

NAIOP Roundtable 2011 - AZRE Magazine September/October 2011

NAIOP Roundtable 2011

NAIOP Roundtable 2011

The commercial real estate industry is clearly recovering. Companies are absorbing vacant space, build-to-suit development is active and abundant capital is pursuing core real estate. The key question remains, however, how do we compare with the other major markets when it comes to job and population growth?
In short, when will the market justify new development and how will the state and our local commercial real estate industry assist in this effort? To be sure, the future remains bright in Arizona but the recovery will last longer before the next boom.

— Mike Haenel


NAIOP Roundtable Participants KeyNAIOP Roundtable - AZRE Magazine September/October 2011

Roundtable Participants

 

1 — SB: Scott Bjerk
President
Bjerk Builders, Inc.

2 — MC: Megan Creecy
Leasing and Development Manager
EJM Development Co.

8 — JD: John DiVall
Senior VP
Liberty Property Trust

MH: Mike Haenel
Executive VP, Industrial Group
Cassidy Turley BRE Commercial
Chairman Profile

6 — TH: Todd Holzer
VP of Development
Ryan Companies US

5 — KM: Keaton Merrell
Principal
Legacy Capital Advisors

7 — BM: Bob Mulhern
Managing Director Greater Phoenix
Colliers International

3 — DW: Deron Webb
Managing Principal
Wentworth Webb & Postal

4 — CW: Clay Wells
Director, Business Development
McShane Construction Co.


Q: What is different in July 2011 in our local commercial real estate industry than a year ago?

BM: The short answer is that the market is stronger, but still burdened by vacancy rates that are high by historical standards, despite being lower than recent peaks. What is decidedly different, however, is that the outlook is considerably brighter than it was a year ago.

Last year at this time, uncertainty was the overriding theme and it plagued the market. The industrial market had posted just one quarter of positive absorption, and it was unclear whether that was a one-time burst in activity or a sign that tenants were more optimistic and the industrial market was beginning to turn a corner. Now we can see that tenant demand for industrial space has been sustained for more than a year, vacancy is tightening, and rents are stabilizing. We are also seeing headline-making announcements from companies such as Amazon and First Solar that not only improve the numbers, but also renew confidence in the market as a whole.

The office market has been slower to bounce back, but it is far more stable today than it was a year ago. A year ago, we were averaging negative net absorption of more than 500,000 SF per quarter, and the vacancy rate was shooting higher. While absorption has been mixed in recent quarters — up one quarter, down the next — the overall vacancy trend is essentially flat. The market hasn’t necessarily started to improve, but it’s no longer in free fall. We’re forecasting slightly positive absorption in the second half of 2011 and then positive absorption of nearly 1 MSF in 2012. We think rents will likely tick lower through the remainder of this year, because the high availability of space will continue to create competition in the marketplace.

MC: Activity is up, but it is still the quintessential “tale of two tenants.” National companies with 200,000 SF+ warehouse requirements are in the market. And, there are definitely more of those types of requirements (including build-to-suits) in the market today than there were last year at this time.

When looking, however, at say deals in the 5,000 SF to 20,000 SF range, there has been an increase in activity, but the regional and local tenants who comprise a large portion of that market segment are still facing a lot of challenges, such as difficulty obtaining financing, and economic uncertainty. These challenges result in a constraint on their ability to expand and the lack of confidence needed to make long term real estate decisions, which is why we are still seeing a number of these tenants in the smaller size ranges wanting only short-term extensions in their current spaces.

TH: I sense that we are now a local real estate industry made up of survivors. The attrition of firms is over for the most part. Those remaining have right sized for this “new normal” that we find ourselves in. Companies in our business have had to make changes in their business plans and doing activities that they did not anticipate 4 to 5 years ago. I think that this transformation has completed where a year ago it was still finding itself.

Q: How would you compare our Metro Phoenix commercial real state market to other major markets throughout the Western U.S.?

BM: At present, the characteristic that best describes the Phoenix commercial real estate market is the vacancy rate, which is among the highest, if not the highest of the major markets in the Western U.S. In the period immediately preceding the recession, development in Phoenix was fairly active, and when the economy cratered and companies slashed payrolls, there was a significant supply/demand imbalance.

The difference between Phoenix and the major California markets — where employment losses were nearly as dramatic as losses here — is that those markets didn’t have nearly as much speculative construction in the pipeline. As a result, vacancies rose in California, but not to the heights that they rose in Phoenix.

The other state that makes for an interesting comparison is Texas, where development has historically been quite active — just like Phoenix. The primary difference between Phoenix and the major Texas markets in the recession and thus far in the recovery is that the Texas markets weren’t hit nearly as hard by job losses during the downturn and the state has led the way with job gains during the recovery.

Looking ahead, the picture brightens significantly. Most forecasts call for Phoenix to rebound favorably once the economic recovery really gains traction nationally. Long-term forecasts call for annual population and employment gains in the 2.5% range, which should be similar to the major Texas markets and far outpace the California markets. This anticipated expansion is the primary source of optimism in the Phoenix market — now we’re just waiting for it to happen.

CW: The Metro Phoenix commercial real estate market has actually fared no worse or better than the other major Western U.S. markets. Retail and office continue to struggle in most markets while industrial vacancies for building over 500,000 SF have started to decrease. Recently a 500,000 SF speculative building broke ground in the Inland Empire and I believe if the economy stays as is we will see a speculative industrial building in Phoenix breaking ground by 3Q 2012. Where the Phoenix market differs from the rest of the Western U.S., with the exception of Las Vegas, is the residential real estate market. Metro Phoenix was too dependent on the residential construction market for creating jobs.

The reason this is so important until we create new jobs to replace these lost jobs, the retail and office sectors will continue to be slow to recover. People have to have a job, which allows them to have diposable income to spend at stores creating a need for new retailers. The same can be said for the office market. Until new companies locate to Metro Phoenix or are created here the need for office space will remain depressed. Most activity we are seeing in the office market are new investors coming to Metro Phoenix and buying distressed properties at a discount. This allows them to quote reduced rents forcing a downward pressure on existing landlords, who must rent space at a loss or lose a tenant. Office markets in some cities that have a more diverse economic base are recovering at a better pace than Metro Phoenix.

MC: While there has been increased activity across the Western U.S., the divergence is in the stage of recovery in primary markets such as the Inland Empire, vs. secondary markets like Phoenix.

The Inland Empire, for example, is one of the strongest industrial markets in the country with vacancy at 6.3%, which is the lowest vacancy rate in 14 quarters. By comparison, Phoenix’s Q2 2011 industrial vacancy rate was 13.9%, which was our 5th consecutive quarterly decline. But, I would say that the steady decline in vacancy we are experiencing here in Phoenix is a positive indicator, and it is only a matter of time before our recovery picks up speed.

2010 Best of the Best Awards

2011 Best of the Best Winners

On March 31st, the 2011 Best of the Best Awards reception and dinner was held at Camelback Inn where Ranking Arizona recognized the companies that Arizona’s public ranked as their favorites to do business with.

During this special night of networking and celebrations, Ranking Arizona presented awards to its 2010 B.O.B. winners, 2010 and 2011 Platinum Hall of Fame honorees and the 2011 B.O.B. winners.

View photos of the event on Flickr.


Video by Nick Cervi

Congratulations to the 2011 Best of the Best Winners!

Advertising, Marketing & Media

Winner
KPNX-TV Channel 12

Finalists
News Talk 92.3 KTAR

The Lavidge Company

Business Services

Winner
Wist Office Products

Finalists
O’Neil Printing
Jani-King Southwest

Entertainment

Winner
Donovan’s Steak & Chop House

Finalists
T. Cook’s at Royal Palms
Vincent’s on Camelback

Finance & Professional

Winner
National Bank of Arizona

Finalists
Arizona State Credit Union

Farmers Insurance Co.

Health Care

Winner
St. Joseph’s Hospital & Medical Center

Finalists
Chandler Regional Medical Center
Delta Dental of Arizona

Manufacturing & Technology

Winner
The Go Daddy Group Inc.

Finalists
Ping
The Boeing Company

Real Estate Commercial

Winner
CB Richard Ellis

Finalists
Ryan Companies US Inc.
Adolfson & Peterson Construction

Real Estate Residential

Winner
Rossmar & Graham

Finalists
Fireside at Norterra by Del Webb
Legacy Design Build Remodeling

Retail

Winner
Scottsdale Fashion Square

Finalists
Molina Fine Jewelers
Camelback VOLKSWAGEN Subaru Mazda

Tourism

Winner
Phoenix Convention Center

Finalists
Loews Ventana Canyon Resort
Four Seasons Resort Scottsdale at Troon North

2009 Best of the Best Winners


RED Awards Banner

Best Public Project 2011

Musical Instrument Museum

Best Public Project 2011: Musical Instrument MuseumDeveloper: Musical Instrument Museum
Contractor:
Ryan Companies US
Architect:
RSP Architects
Size:
190,000 SF
Location:
4725 E. Mayo Blvd., Phoenix
Completed:
April 2010

As the first global musical instrument museum, the 190,000 SF ground-up project houses more than 12,000 instruments and objects representing musical traditions. The museum’s modern massing and modest mix of simple forms and materials blend with the desert landscape. MIM includes a state-of-the-art, 299-seat theater. Much of the façade was constructed of sandstone imported from India. The lobby/atrium space, known as “El Rio,” is finished in Venetian plaster  and Italian porcelain tile. Sustainable features were integrated, including the use of fly ash in the concrete, 25,000 SF of photovoltaic solar panels on the second-story roof areas, a chemical-free chiller water system and extensive xeriscaping.




Honorable Mention: Randall McDaniel Sports Complex

Honorable Mention 2011: Randall McDaniel Sports Complex, SmithGroupDeveloper: City of Avondale
Contractor:
Sundt Construction
Architect:
SmithGroup
Size:
113,000 SF
Location:
755 N. 114 Ave., Avondale
Completed:
October 2010

GSA Phoenix Professional Office Building - AZRE November/December 2010

Public: GSA Phoenix Professional Office Building


GSA PHOENIX PROFESSIONAL OFFICE BUILDING

Developer: Ryan Companies US
General contractor: Ryan Companies US
Architect: AECOM
Location: SEC 7th St. and Deer Valley Rd., Phoenix
Size: 210,202 SF with a 345-stall parking garage

The $62M GSA Phoenix Professional Office Building will serve as the Phoenix FBI’s main field office. Ryan Companies US will lease the facility to the General Services Administration for 20 years. The building will pursue LEED Silver certification. Scheduled completion is for 4Q 2011.

AZRE November/December 2011
NAIOP, AZRE Magazine September/October 2010

NAIOP Roundtable 2010: Q&A With Members of NAIOP

NAIOP Roundtable 2010: Q&A With Members of NAIOP

Members of NAIOP-AZ sat down with AZRE magazine in a roundtable discussion, discussing the state of the local commercial real estate industry.


NAIOP Roundtable 2010NAIOP Roundtable 2010 Participants

NAIOP Roundtable 2010 Participants:

1 — DW: Deron Webb, Managing Principal, Wentworth Webb & Postal5 — BM: Bob Mulhern, Managing Director Greater Phoenix, Colliers International

2 — JB: Jodi Bailey, VP Property Management Services, Transwestern

6 — KR: Kurt Rosene, Senior VP, The Alter Group
3 — WS: William L. Spart, Senior VP & Manager, Middle Market Real Estate, Wells Fargo Bank7 — TH: Todd Holzer, VP of Development, Ryan Companies US
4 — MH: Mike Haenel, Executive VP, Industrial Group, Cassidy Turley/BRE Commercial8 — JD: John DiVall, Senior VP, Liberty Property Trust

Economy

TH: We are more than two years into the so-called “Great Recession.” How much longer will it last? Will Arizona pull out the same time as the rest of the nation? Since the commercial real estate industry is closely tied to the job market, it’s been a bumpy ride.

Q: What is different in July 2010 in our local commercial real estate industry than a year ago?

MH: The two biggest differences today compared to a year ago, are that tenant demand is on the rise and there are limited distressed industrial real estate opportunities available for sale. It’s important to note that, because we have not seen the oversupply of distressed real estate hit the market, values are higher than we thought they would be given the overall market conditions. This has translated into a significant and noticeable increase in tenant demand.

JD: It is marginally better. As part of the Arizona NAIOP, I wish I could say substantially better, but it’s not. There is more activity, but rates are still depressed, and we are now in the summer doldrums. We are clearly experiencing a jobless recovery. With no new construction on the horizon, we should gradually absorb space and improve.

WS: There are more lenders jumping into the market. We are seeing conduit, CMBS, life and other banks. A year ago we did not see much activity.

Q: How would you compare our Metro Phoenix commercial real estate market to other major markets throughout the Western U.S.?

BM: Phoenix’s metro commercial real estate market has been hit harder than most Western cities, with Las Vegas being the exception. At the end of the second quarter Phoenix vacancies for office (29 MSF/22.5%), industrial (41 MSF/17.7%) and retail (28 MSF/13.3%) were all in historically high ranges, and they remain significantly higher than other Western cities such as Denver (6.7% industrial/14.8% office), San Diego (8.7% industrial/16.2% office), and Los Angeles (not including Orange County and the Inland Empire — 5.0% industrial/12.7% office). Most of the basic fundamentals that draw people to the Valley are still in place, but the lack of job growth, coupled with the depressed residential housing market, are continuing to act as detriments to a commercial real estate rebound. Recognizing these realities, it should be noted that multi-family sales, for which purchase financing is available, are very strong, and that foreign investors, especially from Canada, are entering the market and helping create some velocity in the private client sales market.

JB: Phoenix is a very dynamic commercial real estate market with a highly skilled labor force, an abundance of labor because we are a right-to-work state with competitive wages, and reliable, lower cost energy sources for large users. Ultimately, this means that we attract a wide variety of users from semiconductor manufacturers, biotech/life science laboratories, aerospace and Department of Defense manufacturing, as well as back office and data center occupiers of space. Each building occupier has their reasons for choosing Phoenix over other markets, but we find ourselves to be very competitive as compared to other regional markets.

TH: Phoenix is in the infamous Bermuda Triangle of both residential and commercial real estate, which also includes Las Vegas and the Inland Empire of California. Because of the housing market dive, cities in this area went into recession mode before the rest ofthe nation, and the drop in our economy has been greater than most. Los Angeles, San Francisco and Seattle keep their economy above water due to Pacific Rim trade. Denver has energy and high tech, and Salt Lake City was not overbuilt. Texas has fared well due to energy and the George W. Bush presidency. It will be a long and difficult struggle for Metro Phoenix to pull out of the tough times it finds itself in.

Q: How are the boycotts and state public policies affecting our industry?

BM: I have not heard one comment about the boycott in our offices or from any of our clients, which is an indication to me that the boycotts, though serious issues, do not rank high in the commercial real estate priorities of concern. Shrinking rents and occupancies are a much bigger issue these days.

Regarding public policy, the inability of the federal and state governments to implement policies and programs to stimulate job growth is prolonging our recession. There will not be a jobless recovery so, until jobs are created, our industry is continuing to experience high levels of tumult.

Public policy toward banks is also prolonging our recession as the de-leveraging process is being allowed to be spread over time, preventing the painful, but inevitable total market reset necessary to stabilize the real estate market and allow it to begin to create some positive momentum.

TH: The boycotts are affecting the convention and tourist sector, but I do not believe that they have affected the office and industrial markets here in Arizona. Companies choose to come here due to the ease of doing business and quality of life, not due to our state’s policy on immigration. That being said, our state needs to make job creation and business attraction a primary focus. We need the Legislature and the governor’s office to make jobs our No. 1 priority. I suggest a formal jobs bill from our legislative leadership should come forward that includes a lower tax burden on hiring businesses and commercial property owners.

DW: After the initial national “knee jerk” reaction of higher deficit spending and dubious stimulus policy, leaders underestimated the outcry and we did not do a good job of getting the message out nationally. Projects have been stalled and some major players are taking a wait-and-see attitude. Any time there is substantial disturbance, those active in the market cool.

red-banner

Developer Of The Year 2010

Ryan Companies US Inc.

Honorable Mention for Best Retail Project: Aspen Place at the Saw Mill

Honorable Mention for Most Challenging Project: 3900 Camelback Center

A well-respected developer and contractor in the Valley and beyond, Ryan Companies is a proven leader when it comes to creating memorable projects. The company was founded in 1938 by James Henry Ryan, and has consistently grown and expanded over the past 70 years.

The company cultivates a culture of respect and service through its projects, and delivers value by being lean and green. Since opening its Arizona office in 1994, Ryan has delivered more than 50 high-quality developments that bring opportunity, economic investment and consumer choice. And the company has given back to the community in big ways through volunteerism — such as the Valley Partnership Annual Community Project.Developer of the year 2010

By the early 2000s, it was clear Ryan had established itself as fulfilling a need for complete, design-build, development and management services in Arizona. Its list of customers grew with projects for Del Webb, Honeywell, DMB, Dial Corp., Motorola, Avnet, ASML and Edwards Jones. In 2001, Ryan was recognized by Ranking Arizona as the No. 1 Commercial Developer. Today, the Arizona office has grown to 85 employees and has completed 13 MSF of development.

While striving, planning, working, succeeding, and delivering the best building and real estate solutions for local businesses, a simple Ryan family ethic endures: in good times and in bad, for employees and for customers, the company always works to do the right thing.


www.ryancompanies.com


AZRE Red Awards March 2010 | Previous: Tenant Improvement | Next: Architect of the Year



RED Awards 2010 - AZRE Magazine March/April 2010

2010 RED Awards Winners & Honorees

On Thursday, March 4, 2010, AZRE | Arizona Commercial Real Estate Magazine presented the 5th Annual RED Awards — Arizona’s most comprehensive annual real estate awards. The reception honored the Biggest, Best and Most Notable commercial real estate projects and transactions of 2009. The top projects were announced and awards given to the developer, general contractor, architect and broker/teams of each winning project. All of the award winners and honorable mentions were featured within a special award section published within the March/April 2010 issue of AZRE Magazine.


2010 RED Awards Winners & Honorees

Best Education Project:

Winner:

ASU College of Nursing & Health Innovation

Honorable Mention:

Ironwood Hall

Best Hospitality Project:

Winner:

Wild Horse Pass Hotel & Casino

Honorable Mention:

aloft Hotel

Best Industrial Project:

Winner:

Rockefeller Group Distribution Center

Honorable Mention:

Spectrum Ridge, Phase I

Best Medical Project:

Winner:

Banner Ironwood Medical Center

Honorable Mention:

Banner Thunderbird Medical Center Tower

Best Multi-Family Project:

Winner:

Grigio Metro

Honorable Mention:

Ninety Degrees Paradise Ridge

Best Office Project:

Winner:

One Central Park East

Honorable Mention:

Orbital Sciences Corp.

Best Public Project:

Winner:

Surprise City Hall

Honorable Mention:

Camelback Ranch Spring Training Facility

Best Retail Project:

Winner:

Scottsdale Quarter

Honorable Mention:

Aspen Place at the Saw Mill

Best Re-Development Project:

Winner:

300 M

Honorable Mention:

Phoenix Country Club Modernization

Best Tenant Improvement Project:

Winner:

Barneys New York Interior Build-Out

Honorable Mention:

Arcadia Gateway Reimaging

Most Challenging Project:

Winner:

Moenkopi Legacy Inn & Suites

Honorable Mention:

3900 Camelback Center

Most Sustainable Project:

Winner:

Appaloosa Branch Library

Honorable Mention:

Flagstaff Courtyard by Marriott

Developer of the Year:

Winner:

Ryan Companies US Inc.

Architect of the Year:

Winner:

SmithGroup

General Contractor of the Year:

Winner:

McCarthy Building Companies

Brokerage Team of the Year for Leasing:

Winner:

CB Richard Ellis

Brokerage Team of the Year for Sales:

Winner:

Cushman & Wakefield


For information on sponsorship opportunities, corporate tables or attendance, please email events@azbusinessmagazine.com or call (602) 277-6045.


AZRE Magazine March/April 2010