The Tucson community mourns the passing of Ryan Heinfeld, CCIM, who will be sorely missed in the real estate community, was in line to becoming the 2022 President of the Southern Arizona CCIM Chapter.

On August 10, 2019, Ryan William Heinfeld, beloved son and brother, passed away at the age of 31. Ryan was born on January 30, 1988 in Tucson, Arizona to Amy and Gary Heinfeld. He received his degree from the University of Arizona in 2012, and was a graduate of Catalina Foothills High School. Ryan was a successful Realtor, earned his CCIM designation and served as Secretary of the Southern Arizona CCIM Chapter.

Ryan had an immeasurably kind spirit, a compassionate heart, and an infectious smile. He lived his life by the values of loyalty, inclusivity, and generosity and made the world better for it. He touched so many lives and will be forever missed by his family and friends. He is survived by his parents, brother, Christopher; sister, Jennifer (Emil Bäckström) and many aunts, uncles and cousins.

A Funeral Mass will be held at St. Thomas the Apostle Parish, 5150 N. Valley View Road, at 10:00 a.m. on Saturday, September 28, 2019. Because of Ryan’s concern for the well-being of our planet, please consider planting a tree in his memory or making a donation to the Arbor Day Foundation. Arrangements by ADAIR FUNERAL HOMES, Dodge Chapel.

PHOENIX, Arizona– 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 Oak Street, a 8-unit apartment property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,250,000 ($156,250 per unit).

Paul Bay, investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both developers. “The developer of Oak Street was able to leverage the property’s central location and proximity to the redeveloped Papago School to attain a strong renovation premium for the area,” Bay explained. “These desirable features allowed us to prove the asset’s true potential to interested investors, ultimately securing the buyer with the most optimistic outlook for future revenue.”

Oak Street is located at 3631 East Oak Street in Phoenix, Arizona. This 6,992-square-foot property is situated on 0.16 acres and consists of eight two-bedroom/one-bathroom units. The community is encompassed by several of Phoenix’s prominent employment cores with expedient access to the Loop 202 providing valley-wide connectivity. Developed in 1957 and renovated in 2018, the single-story property includes completely renovated interiors. Oak Street’s community amenities have received significant capital improvements through new windows, updated HVAC units and refreshed landscaping featuring native desert plants.

PHOENIX, ARIZONA  – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is proud to announce it is launching the first session of a mentorship program for undergraduates attending the Colangelo College of Business at Grand Canyon University.

The goal is to connect students with commercial real estate executives. Mentoring activities over the fall semester at GCU will include reviewing property information for analysis, students creating and presenting a broker opinion of value, listing pitches and sales offering memorandum and attending both the chapter’s annual golf fundraiser and holiday party.

An introductory and speed networking event held Sept. 16 at GCU attracted 45 students. The initial goal was 30.

“Our chapter’s mission is to provide premiere commercial real estate education. Through this mentorship program, we are going back to the foundation of our community in college undergrads to help provide current and relevant education, networking, and exposure to all facets of the industry,” said chapter President Jenette Bennett, CCIM, of Kidder Mathews. “This is just the start. We are looking forward to more collaboration between universities and CCIM as we expand the program in future semesters.”

Mentors from the Central Arizona chapter of CCIM include Julie Johnson, Colliers International; Todd Hamilton, Citywide Commercial; Nick Miner, Orion Investment Real Estate; Heather Fox, CBRE; Scott Fey, Omni; Jim Kasten, Kasten Long Commercial Group; and Bennett. All the mentors hold the prestigious CCIM designation.

The CCIM Institute confers the Certified Commercial Investment Member designation. To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.

Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

“The Colangelo College of Business looks forward to this great opportunity for our students to participate in the CCIM mentorship program,” said Dean Randy Gibb. “Career-focused activities are a priority at GCU, and this program is an ideal start to create awareness of a career in commercial real estate.”

A career day is scheduled for Oct. 7 at 5:30 p.m. at GCU, 3300 W. Camelback Road, Room 42-220. Its goal is to connect students with industry professionals including lenders, developers, brokers, contractors and those in title and escrow.

“Creating Reliable Valuations” will be presented Nov. 14 at GCU (Room 42-319, 2:30 p.m.) Students will review property analysis with mentors and establish the correct value for an asset to be sold or space to be leased, which is the most important aspect of any transaction.  Also being covered: understanding the current investment marketplace, understanding current real estate cycles and risk and the importance of historical data in the process of establishing value.

Learn more about CCIM Central Arizona Chapter: centralazccimchapter.com.