Scottsdale, Ariz. – P.B. Bell, a leader in multifamily housing development and management, recently expanded its corporate team with a new hire and announced the promotion of five team members.

Bernie Pipan joins the P.B. Bell development team as the new project manager. In his new role, Pipan will work collaboratively on community projects with project consultants, architects and engineers, as well as city and community representatives. Pipan is also responsible for ensuring the success of various tasks, including budgeting, contract administration, as well as scheduling and coordination with operations. Pipan comes to P.B. Bell with a background in multifamily construction and development. He received his Bachelor of Science in Landscape Architecture from Ohio State University.

Matthew Heintz has been promoted to vice president of construction and is responsible for overseeing the construction of all multifamily and senior living development, from the notice to proceed all the way to the final certificate of occupancy. His role includes developing and managing construction schedules, budgets and contracts, as well as acting as the primary liaison between P.B. Bell, the general contractor(s) and consultants. Heintz joined P.B. Bell in 2005 as the maintenance director and has climbed the ladder through various roles. For more than 12 years, Heintz was responsible for managing, training and mentoring all P.B. Bell maintenance staff, overseeing capital improvements, assisting with due diligence and the construction of new developments.

Danial Harms has been promoted to senior portfolio director. Harms oversees a diverse portfolio of properties throughout Metro Phoenix. Her responsibilities include managing the operations, financials, marketing and staff at all of her communities and is the main point of contact for all property owners. Harms currently sits on the P.B. Bell Strategic Leadership Team and specializes in team motivation. In her new role, additional tasks include portfolio director mentorship, providing assistance with new business development and RFPs, greater involvement with new developments and their lease-up, and an overall stronger leadership role within the company. Harms joined P.B. Bell as portfolio director in 2013. Prior to P.B. Bell, Harms managed multifamily portfolios in Arizona, California and Florida.

Cary Cole has been promoted to senior portfolio director. Cole currently oversees a diverse portfolio of properties throughout Metro Phoenix. Her responsibilities include managing the operations, financials, marketing and staff at all of her communities and is the main point of contact for all property owners. Cole sits on the P.B. Bell Culture Club and is actively involved with the Arizona Multihousing Association. In her new role, additional tasks include portfolio director mentorship, providing assistance with new business development and RFPs, greater involvement with new developments and their lease-up, and an overall stronger leadership role within the company. Cole joined P.B. Bell as portfolio director in 2014. Prior to P.B. Bell, Cole was a regional manager with BH Management.

Monica Gatlin has been promoted to portfolio director, focusing on managing operations, financials, marketing and staff at all of her communities. Gatlin joined P.B. Bell in 2017 as a community manager and training mentor. She began her career in multifamily in 2002 with MEB Management Services. During her 15 year tenure with MEB, Gatlin’s positions included leasing specialist, portfolio director assistant, community manager and training mentor. Gatlin holds an Arizona real estate license.

Colby Weadock has been promoted to project manager and through his new role he helps lead the charge for P.B. Bell’s development portfolio. In his position, Weadock will work collaboratively on community projects with project consultants, architects and engineers, as well as city and community representatives to oversee and implement the design and development of new multifamily and senior living communities throughout the Phoenix metro area. In addition to working collaboratively with these teams, he manages budgeting, contract administration, scheduling and coordination with operations. With more than 10 years of experience in multifamily housing, Weadock joined the P.B. Bell family in 2014 as the leasing manager of Tuscany Palms. He transitioned from working onsite to joining the corporate team in 2019.

PRESCOTT, Ariz. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Yavapai Regional Medical Center – Physician Care, a triple-net-leased medical office located in Prescott, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $2,525,000.

Alan Laulainen, Jamie Medress, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, Sarti Properties, Ltd, a local family owned investment company headed by Mike Sarti. “After considering a multitude of options, the family partnership decided to dispose of the asset in favor of developing some land holdings,” Laulainen explained.

The Marcus & Millichap marketing platform was instrumental in sourcing a 1031 exchange buyer from Oregon. The buyer was looking for higher yield than traditional primary markets and decided to purchase the property to hold as an investment and renegotiate an extension to the current lease. “Yavapai Regional Medical Center is a well-run profitable rural hospital system with a Moody’s ‘A2’ credit rating. Our team effectively demonstrated the longevity the tenant has had in the asset as well as the phenomenal growth that Prescott/Prescott Valley is experiencing to get the buyer comfortable with the market,” Laulainen added.

Yavapai Regional Medical Center – Physician Care is located at 2120 Centerpointe West Drive in Prescott, across from Prescott Regional Airport and just minutes from Embry-Riddle Aeronautical University. Built in 2008, the 8,622-square-foot medical office is situated on 1.27 acres. The property is visible to more than 17,855 vehicles per day from AZ State Route 89A (Pioneer Parkway). The surrounding five-mile radius has 34,594 residents with a projected 16% increase in households by 2023.

RANCHO SAHUARITA, Arizona – National homebuilder, KB Home, has closed on 55 platted lots in Entrada Del Rio, and plans to develop and construct new homes on the lots located directly adjacent to Parque Del Rio. The newest neighborhood within Rancho Sahuarita, Entrada Del Rio currently has three other active builders, Richmond American Homes, Meritage Homes and Lennar.

The lots are 40’ wides platted and sold for $1.2 million ($21,200 per lot). KB Homes has another 106 lots under contract at Entrada Del Rio.

The homes in Entrada Del Rio are KB Home’s first in the community since their last neighborhood of Presidio Porvenir in the northernmost part of Rancho Sahuarita, which they finished in summer of 2018. KB Home’s new community in Entrada Del Rio will offer a collection of single-story, ranch-style homes that range from approximately 1,200- to 1,700- square-feet. The new KB homes will feature desirable design characteristics like spacious great rooms, beautiful kitchens and expansive master suites.

“KB Home has been very active throughout Tucson, acquiring new land and opening several new home communities. We recently made a strategic land acquisition in the Rancho Sahuarita master-plan, purchasing 55 new homesites,” said Amy McReynolds, President of KB Home’s Tucson division. “The area has always been a successful sub-market for KB Home. We have a long history of building in Rancho Sahuarita and our buyers are attracted to the community’s resort-style amenities and unique lifestyle.”

KB Home gives homebuyers choice and control by offering a wide variety of homes at an affordable price. From there, the builder gives buyers the ability to personalize their homes from homesites and floor plans to design features. All homes built meet or surpass ENERGY STAR® certification standards, meaning the homes have substantially lower monthly utility costs when compared to typical used homes. The KB Home team works hand in hand with homeowners every step of the way so they have a real partner in the process.

Jeremy Sharpe, Chief Operating Officer for Rancho Sahuarita said, “We are thrilled to have KB Home back and building in Rancho Sahuarita! KB has been a great partner and homebuilder in the community through the years, and we are excited that they will be providing more families the opportunity to live in our community in a beautiful new home in Entrada Del Rio.”

Homes are selling fast here. Meritage opened up in January and had 6 homes sold even before the models were constructed. Meritage is planning their “official grand opening” this April.

By the end of this month, Rancho Sahuarita expects 400 SFR lots to be sold this year.