Local CCIM Elected to Serve as First Vice President Region 2 of CCIM Institute for 2020

Craig Finfrock, CCIM, First RVP CCIM Institute

Tucson, AZ — The Southern Arizona Chapter of CCIM Institute – Craig Finfrock, CCIM was elected to serve as First RVP for CCIM Institute’s Region 2 for 2020 on April 20, 2019. The election was held by the Region 2’s Chapter Presidents. Region 2 includes California, Arizona, Nevada, and Hawaii and is the CCIM Institute’s largest Region.

Craig Finfrock is the immediate past President of the Southern Arizona Chapter of CCIM Institute and has served on this Chapter’s Board since 2015. Currently, Mr. Finfrock serves on the CCIM Institute’s Designation Committee and Chapter Activities Subcommittee.

CCIM Institute is a global community of 13,000 members, more than 50 chapters, and 30 countries that educates and connects the world’s leading experts in commercial real estate investment strategy, financial analysis, and market analysis.

Learn more about CCIM Institute’s education and designation program at ccim.com.



NAI Horizon negotiates $4.63M sale of award-winning Phoenix building, 2944 Plaza

PHOENIX, ARIZONA – NAI Horizon represented Alva Pinchot, LLC (Frederic Winssinger, Principal), in the $4.63 million disposition of 2944 Plaza, a 28,312 SF office property located at 2944 North 44th St., in Phoenix.

NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the seller. Tenants at 2944 Plaza include NAI Horizon, RW Partners, ORB Architecture, Freestar LLC, Salt Digital and the office of U.S. Congressman Greg Stanton.

The building near the intersection of 44th Street and Thomas Road was designed by award-winning architect Eddie Jones. It earned two prestigious design awards: the American Institute Honor Award and the AIA Western International Design Award.

“The property is strategically located in the heart of the 44th Street corridor with immediate proximity to the acclaimed Arcadia neighborhood, one of the most sought after residential areas in the City of Phoenix,” Neville said.

Landsea Homes Acquires Pinnacle West Homes to Boost Arizona Homebuilding

Newport Beach, Calif. – Landsea Homes, a leading homebuilder of vibrant master-planned communities in prime locations, announced it has acquired Pinnacle West Homes, a Phoenix-Mesa-based developer providing unique, value-based single-family homes in 15 Phoenix-area communities.

As part of the acquisition, Landsea Homes acquired 15 communities in four areas, and more than 1,150 total lots.

“We are very pleased to have Pinnacle West Homes join the Landsea Homes family,” said John Ho, chief executive officer, Landsea Homes. “Their experienced and dedicated team and well-established building operations are a great addition as Pete Beucke continues to enhance our homebuilding team and provide best-in-class homes to the dynamic and growing Phoenix area.”

Last year, Landsea Homes purchased land in Chandler for its first community in Arizona. The new community, Sonora Crossing, includes 78 single-family homesites with resort-style amenities and expansive open space. Land development started in Fall 2018 and the first closings are expected in late 2019.

The company further expanded with the acquisition of 90 single-family homesites at Harvest Queen Creek, the homebuilder’s second community in greater Phoenix. Model home construction and pre-sales will start in early 2020, and the first closings are anticipated later that year.

“This is a very exciting time for Landsea Homes in Arizona,” said Pete Beucke, president, Landsea Homes, Arizona division. “Job growth and a strong economy, in-migration and growing demand from millennials combined with a limited supply of inventory have created a great opportunity for us to showcase our best-in-class modern homes, pioneering commitment to sustainability and inspired spaces and features that connect seamlessly with the area for the Phoenix homebuyer.”

Phoenix is the fastest-growing city in the country, according to newly released estimates from the U.S. Census Bureau. Arizona was the fourth fastest-growing among all U.S. states and Maricopa County – which is home to metropolitan Phoenix – was the fastest-growing county. Growth like that is expected to continue for the foreseeable future because of the strong job market and the state’s booming economy. According to projections from the Office of Economic Opportunity, the number of jobs in Arizona is expected to increase steadily during the next two years from the likes of big tech firms and other industries such as manufacturing.

Arizona continues to prove itself as a prime location to live, raise a family and retire with its quality of life, growing economy, relative affordability, low healthcare costs, below-average taxes, abundance of new jobs and premier school districts.

With Landsea Homes’ experience gained at both Sonora and Harvest, the homebuilder is committed to designing and building vibrant, new master-planned communities that meet all the needs of local homebuyers.

“Aligning Pinnacle West Homes with Landsea Homes brings together the expertise of two great homebuilding companies to further drive innovation and deliver best-in-class homes,” said Todd Tucker, president, Pinnacle West Homes. “Landsea Homes is a well-respected homebuilder that shares a common goal of building a more sustainable future and we’re looking forward to accelerating progress toward achieving this mission.”

Pinnacle West Homes provides unique, value-based single-family homes and currently builds in 15 Phoenix-area communities, all of which will transition to Landsea Homes in June. The company boasts deep roots in the Valley of the Sun, gathering a team with over 85 years of combined homebuilding experience.

Landsea Homes designs and builds best-in-class, high-performance homes and sustainable master-planned communities in some of the most desirable markets in the United States. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, and throughout California in Silicon Valley, Los Angeles and Orange County.

Creating inspired places that reflect modern living, Landsea Homes builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities to meet the diverse and ever-changing expectations and lifestyles of our homebuyers today and tomorrow.

Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched everywhere we build.

Landsea Homes is a wholly-owned U.S. subsidiary of Landsea Green Group, an international homebuilder that thinks globally but operates locally. Operating on three continents including Europe, Asia and North America, Landsea’s deep knowledge and experience of building and living in different environments all over the world deliver homes that embrace the local lifestyle in which they are built. www.landseahomes.com