SVN’s Perry Laufenberg Named “2017 Managing Director of the Year”

Phoenix, Arizona – Every year the SVN® International Corp. hosts the annual conference for SVN franchises all over the world.  This year, the 2018 conference was held in Albuquerque, New Mexico at the Hyatt Regency Tamaya Resort and Spa.

The SVN Corporate team put together an amazing event that added team building activities this year.  Activities such as golf, horseback riding, wine & watercolor, jewelry making, and team chili cook-offs provided the opportunity to network and meet other SVN advisors and staff from other offices.  Conference speakers included top executives President & CEO Kevin Maggiacomo, Diane Danielson, John McDermott and Solomon Poretsky. Additional keynote speakers included Dr. Mark Dotzour who delivered an incredible address to the SVN crowd regarding the real estate economy.  The conference also included motivational speaker, Coach Ken Carter. You may recall he is the legendary coach who inspired Hollywood movie producers to film the movie, “Coach Carter” based off his real life story. Coach Carter made national headlines by locking out his undefeated varsity boys’ basketball team from the gym and suspended all activities until the student athletes grades improved.  Carter delivered a very clear message at the SVN Conference.  Accountability, integrity, teamwork and leadership are the most important fundamentals in achieving success.

While the breakout and product council sessions were a main part of the conference, the event everyone looked forward to was the Annual Awards banquet dinner.  However, Thursday morning was an unexpected epic moment for SVN | Desert Commercial Advisors hours before the awards banquet even took place. Kevin Maggiacomo took stage to discuss brokerage leadership. Maggiacomo also addressed increase productivity in 2017 and pointed out specific analytics that were displayed on two incredibly large screens on each side of the room.  After a 10 minute address to the SVN audience he announced that Perry Laufenberg was named the ‘2017 Managing Director of the Year’ for his outstanding role as a managing director who possesses the qualities he talked about and what it takes to succeed. Out of the 220+ SVN offices combined, Laufenberg was the sole recipient of this prestigious award from the SVN corporate headquarters.

“It was an extreme honor to walk the stage in front of hundreds of my peers to accept the Managing Director of the Year award. With over 200 offices internationally, it is incredible to think that we led the world in revenue growth per advisor along with many other metrics,” Laufenberg said of this honor.  You can expect some great additions to the SVN Phoenix office in the 2nd quarter.  Laufenberg will be looking to add a group of new brokers to the team that can benefit from excellent senior leadership and the extensive training program that is offered. Laufenberg stated, “We would like to grow our industrial brokerage vertical and round out the team with self-motivated future leaders.”

SVN | Desert Commercial Advisors has also been recognized as one of the best workplace cultures in the valley.  The locally recognized magazine Ranking Arizona just released the 21st Edition of the Best of Arizona’s Businesses.  The SVN Phoenix brokerage was ranked #2 as the “Best Workplace Culture” in the State of Arizona in the commercial real estate industry.  “We have been recognized in five categories this year.  To be recognized in the Top 3 Commercial Real Estate brokerages in the State is something we take pride in,” said the Director of Marketing & Administration Melissa Swader.  SVN will continue to make headlines simply because they put forth the effort into building a brokerage that strives for open collaboration, building relationships and creating an energetic environment to look forward to every day.

LAI Arizona presents Mary C. Daly of San Francisco ‘Fed’

Mary C. Daly, EVP & Director of Research Federal Reserve Bank

PHOENIX, ARIZONA – The Outlook for U.S. Labor-Quality Growth. The Intensive and Extensive Margins of Real Wage Adjustment. Shocks and Adjustments.

Pretty heady stuff, all are working papers co-authored by Mary C. Daly, guest speaker as the Phoenix chapter of Lambda Alpha International (LAI) presents the Executive Vice President and Director of Research for the Federal Reserve Bank of San Francisco.

In her role, Daly oversees key research functions and supports the development of monetary policy by guiding and providing relevant economic and financial analyses. She is also the chair of the Bank’s Diversity Council, committed to creating an inclusive environment where employees have an opportunity to grow and develop.

Daly also serves on the Bank’s Executive Committee in charge of strategic direction and policy for the Twelfth District. She began her career as an economist at the Federal Reserve Bank of San Francisco in 1996 after completing a National Institute of Aging Post-Doctoral Fellowship at Northwestern University.

Her research focuses on topics including labor economics, economic inequality, wage and unemployment dynamics, and disability and retirement policy. She has collaborated with scholars in a multitude of fields and from around the globe to bring economic analysis into the development of effective and sustainable public policies.

She has published numerous articles in leading research journals and authored and edited several books.

The March 29 event at Arizona Country Club, 5668 E. Orange Blossom Lane in Phoenix, begins with registration and networking at 11:30 a.m. The presentation begins at noon. Registration fee is $45 for LAI Arizona members and $65 for non-members. Click here to register.


Economic, population growth spur sale of CO & AZ self-storage portfolio

7910 W Beardsley Rd, Phoenix, AZ

JLL completes sale of Class A self-storage portfolio in Arizona and Colorado

HOUSTON, TX – JLL’s Capital Markets experts today announced the sale of a two-property self-storage portfolio in Arizona and Colorado. A joint venture of Advantage Storage and Harrison Street Real Estate Capital purchased the property from a joint venture of Wasatch Storage Partners and a private real estate fund advised by Crow Holdings Capital – Real Estate (“CHC-RE”).

Brian Somoza and Steve Mellon led the JLL team on the sale.

“New, institutional-level construction, excellent visibility and local barriers to entry, made this portfolio an attractive offering,” said Somoza. “Even more so, strong projections for economic and population growth in both the Phoenix and Denver metro areas should result in a sound investment for the new ownership.”

Together, the properties total 147,521-square-feet and 1,425 units. Features of the facilities include:Drive-up units, climate controlled units, secure fencing with electronic access control, 24-hour video surveillance and retail-oriented customer service offices.

Completed in 2017, the Arizona property is located approximately 17 miles northwest of downtown Phoenix at 7910 W. Beardsley Road in the Phoenix suburb of Glendale. Comprised of one, three-story building totaling 96,950-square-feet and 955 units, the facility benefits from a highly visible location and strong surrounding demographics. More than 120,000 cars pass by the property on Route 101 per day and the average household income within a 3-mile radius is more than $90,000 per year.

Completed in 2016, the Colorado asset is approximately 10 miles southwest of downtown Denver at 11645 W. Belleview Avenue in the Denver suburb of Littleton. Totaling 50,571 square feet and 470 units, the facility is comprised of one, three-story building and two, one-story buildings. The property is surrounded by a population of approximately 80,400 within a 3-mile radius, with an average household income of $98,000 per year. The facility should benefit from strong surrounding demographics in the long term because of barriers to entry that include scarce infill locations and strict local development regulations.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2016 alone, JLL Capital Markets completed $145 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more content including videos and research resources on JLL, please visit the firm’s U.S. media center Web page:

ABI Brokers $12M Apartment Sale near Westgate Entertainment District in Glendale, AZ

Bethany Park Apartments

Phoenix, AZ – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $12 million / $69,767 per unit sale of the Bethany Park Apartments located in Glendale, Arizona.  Built in 1984, Bethany Park is a two story, garden-style apartment community that features 172 units in 10 rental buildings constructed of wood frame and stucco.  The property has flat roofs and rests on approximately 6.26-acre.  The unit mix consists of 124 one-bedroom / one-bathroom units and 48 two-bedroom / two-bathroom units, with a weighted average size of 776-square-feet.

Bethany Park is individually metered for electricity with individual hot water heaters.  Units feature air conditioning, private patio / balcony, extra storage, and kitchens equipped with a dishwasher and garbage disposal.  Select units offer walk-in closets, washer / dryer hook-ups, and fireplaces.  This gated community also provides its residents with two swimming pools, a spa, covered parking, and two laundry facilities.

“Bethany Park is located near both Westgate and Downtown Glendale,” states Alon Shnitzer, Senior Managing Partner at ABI, lead broker for this transaction.  “The City of Glendale, including the South Glendale submarket, has witnessed an explosion in renter households rising ~31% since 2000.  Many of these residents have been displaced by more high-end development occurring in the Phoenix MSA’s more urban core areas.  The Buyer hopes to continue capitalizing on this trend, as the “work force” housing demand continues to grow in the submarket.”

The Buyer, Bethany Park Apartments, LLC was formed by a private investment firm based in Los Angeles, CA.  The parent company and its subsidiaries currently control over 3,750 apartment units in the Arizona Market.

The Seller was a Joint Venture between New York-based Dalan Management and Arizona-based VM Management.  The partnership owns and manages real estate with a focus on improving and adding value to multifamily and commercial properties.  Dalan’s portfolio includes residential properties in Manhattan, Brooklyn, Queens, the Bronx, Washington DC and Phoenix, Arizona with additional commercial holdings in Manhattan. VM’s portfolio consists of multifamily assets in the greater Phoenix area.

The multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Doug Lazovick and Eddie Chang represented both the Buyer and Seller in this transation.

For more information Shnitzer can be reached at 602-714-1283.


ABI Brokers Last Lender REO in Phoenix, AZ, a $7.925M Apartment Sale near Light Rail

Brookfield Terrace Apartments, Phoenix, AZ

Phoenix, Arizona — ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $7,925,000 / $58,704 Per Unit sale of the Brookfield Terrace Apartments located in Phoenix, Arizona.  Brookfield Terrace is a three story, garden-style apartment community which rests on approximately 2.28 acres.  The unit mix consists of all one-bedroom/one-bathroom units measuring 602 square feet.  All utilities are master-metered including electricity, gas, water, and sewer and hot water for the property is provided by master boilers.  Units feature air conditioning / heating, balcony / patio, ceiling fan(s), oversized closets, walk-in closets, ceramic tile flooring throughout, and a kitchen equipped with a garbage disposal, gas range / oven and refrigerator.  Brookfield Terrace also provides its residents with a swimming pool and hot tub, clubhouse with billiards and kitchen, lighted walkways and common areas, two newly renovated laundry facilities and covered parking.

“Brookfield offered the buyer a number of strategic advantages,” states Alon Shnitzer, Senior Managing Partner at ABI, lead broker for this transaction.  “First, the Buyer was seeking a property in an up-and-coming submarket with potential to increase rents via further property upgrades.  The buyer, CALCAP, intends to invest over $1M into property upgrades, including improving the property appearance along 19th Avenue, renovating apartment interiors, and updating the common areas enjoyed by residents.  Second, the Buyer sees the Metro Light Rail corridor, particularly the northern end, as an area with more room for growth.  The property is, essentially, across the street from the 19th Avenue/Glendale Light Rail stop and less than one mile from Christown Spectrum Mall.  As residents have been displaced with all the new high-end developments occurring in more urban core areas along Light Rail, the Buyer hopes to capitalize on this movement by offering a premium, renovated property with more attractive rents.”

The Buyer, California Capital Real Estate Advisors, Inc. (CALCAP) is an experienced multifamily investor based in California.  Founded in 2008 and led by former senior leaders of one of the largest thrifts in the U.S. Partnering with businesses, asset managers, real estate investors and developers, CALCAP represents individual and institutional investors by strategically allocating capital across a multitude of real estate investments.

The Seller, iA Financial Group, is an experienced Canadian-based multifamily lender.  Founded in 1892, iA Financial Group offers a comprehensive range of life and health insurance products, savings and retirement plans, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans as well as a host of other financial products and services.  iA Financial Group has operations throughout Canada and stands out for the size and diversity of its Canada-wide distribution channels. The company also has operations in the United States.

The multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Eddie Chang and Doug Lazovick represented both the Buyer and Seller in this transation.

For additional information Shnitzer can be reached at 602.714.1283 or at

Iconic Design Studio, AWE Corporate Interiors collaborating for 2018 WRDE in Glendale

Iconic Design Studio provided interior design services for Arcadia Pediatric Dental in Scottsdale.

PHOENIX, ARIZONA – Phoenix-based Iconic Design Studio (IDS) and AWE Corporate Interiors are combining their talents to represent the design and furniture industries at the 2018 Western Regional Dental Experience in Glendale, Arizona.

IDS is a full-service interior design firm led by Owner/Principal Kelli Berry. AWE Corporate Interiors is a commercial furniture dealership that specializes in office furniture and related services. AWE is owned by President and CEO Andrea Moseley. Both are women-owned companies.

The two firms will collaborate on “Iconic & AWE: One & Done Dental Design” at the 2018 WRDE, scheduled for April 12-14 at the Renaissance Glendale Resort & Spa.

“IDS has been actively involved in the delivery of interior design services for the dental market for the past four years,” said Berry, who possesses more than 40 years of experience in design and interior subcontracting. “We’ve managed the interior design, signage, logo, and branding scope for more than 20 locations from North Carolina to Mississippi to Texas and Arizona.”

Besides providing interior design services, IDS also offers consultation on conceptual interior space.

“Kelli Berry brings design knowledge and ideas to any project and makes them extraordinary offices,” said Moseley, who has more than 30 years of experience in commercial furniture. “With her design ideas, AWE incorporates furniture, lighting, accessories, and ergonomic options to make each office a unique experience for the client, all within the desired budget.”

AWE Corporate Interiors offers products ranging from cubicles and conference room furniture to reception and break room products, stand-up desks, and collaborative workspaces. It works with corporate, medical, hospitality, banking, legal, GSA, and educational clients.

WRDE brings together more than 1,000 dental industry professionals who provide comprehensive information on the latest dental-related technology including diagnostic tools, radiography, sterilization, dental equipment, billing and marketing solutions, general contracting, interior design, and logo branding. There will be numerous speakers covering topics from risk management, ethics, regulatory missteps, and a myriad of other topics.

The event is organized by the Arizona Dental Association. It features more than 55 speakers and 131 exhibitors. The keynote speaker is Arizona Cardinals star wide receiver Larry Fitzgerald.



Arriba Capital secures $40.7mm ground-up construction loan for a dual-branded Marriott

Scottsdale, AZ — Arriba Capital recently secured a $40.7MM ground-up construction loan for a 194-key, dual-branded Marriott Fairfield Inn & Suites and Towneplace Suites. The hotel will be 7-stories on top of a 220-space, 5-story parking deck. The non-recourse loan was leveraged to 78% of the total project cost with a 2-year term and three 6 month extension options.

TownePlace Suites is Marriott’s extended-stay brand in the upper-moderate tier, designed to appeal to business and leisure travelers who stay for four nights or more. Each suite provides functional space for living and working. Fairfield Inn & Suites is Marriott’s primary economy brand in what Marriott classifies as the moderate‐tier segment. By offering both brands in the same hotel, the borrower will cater to a larger demographic and save on expenses. Amenities will include a market pantry, meeting space, fitness room, and business center. The two hotels will share a common front‐of‐the‐house area including registration, breakfast area, and fitness room. Back‐of‐the‐house elements will also be shared including laundry, maintenance area, and mechanical/electrical.

The property is located in Midtown Atlanta directly across the street from Emory University Hospital and walking distance to major attractions such as World of Coca-Cola, Georgia Aquarium, Fox Theatre, College Football Hall of Fame, Centennial Olympic Park, Phillips Arena, Georgia Dome, the new $1.5-billion Mercedes Benz Dome, Georgia Tech University, Underground Atlanta, National Center for Civil and Human Rights, CNN Center, and Georgia World Congress Center. The property is located in close proximity to numerous restaurants and shopping. Furthermore, major sporting events scheduled to be held in Atlanta; such as the Super Bowl (2019), the NCAA College Football Championship (2020), and the NCAA Final Four (2020), will all draw high levels of demand.

The borrower is a privately held hospitality management and development company that currently owns and operates 22 premium-branded hotels in the Southeast.

HSSA Shooting for a $5,000 Donation in Petplan’s Tournament of Tails

Bracket-style competition will award grand prize based on votes from the local community

TUCSON, ARIZONA– The Humane Society of Southern Arizona (HSSA) earned a spot in the fifth annual Tournament of Tails, a bracket-style online contest hosted by Petplan pet insurance. The organization is one of 32 competitors vying for a share of a $10,900 purse — and they need the community to vote to advance them to the finals.

Adoptable pets will represent each competing organization in daily “nose-to-nose” matchups. Fans can view each pet’s picture and story before voting to decide who advances to the next round.

Representing HSSA in the tournament will be a 10-month-old Chihuahua mix named Newt. Newt has an autoimmune disease that makes him look different than other dogs. The Veterinary Dermatologist determined Newt will never be able to have vaccines, or wear a collar or harness, because they will irritate his skin too much. Luckily Newt loves to be held, carried in a purse, and cruise in a doggie stroller. The MVP’s (Most Valuable Pet’s) first matchup is Wednesday, March 14th. With enough votes from the community, Newt can compete for the grand prize. The last matchup — on Wednesday, April 4 — will determine the champion, whose shelter will be awarded a $5,000 donation from Petplan.

No matter who comes out on top, every pet is a winner, earning their shelter a monetary prize based on where their tournament run ends:

  • $100 for Terrific 32 finalists
  • $200 for The Spirited 16
  • $300 for The Eager 8
  • $500 for The Final Fur

“If there’s one thing we know people love, it’s a bracket-style competition in March,” says Natasha Ashton, co-founder and co-CEO of Petplan.  “Tournament of Tails is our nod to college basketball, but it’s also one of the highlights of our Petplanthropy program each year. We’re proud to rally public support for lifesaving organizations like HSSA, and there’s never been a better time to do it than 2018 – the Year of the Dog!”

“On average it costs us fifty dollars to fill the gas tank in our van that is used for transfers from other at risk shelters in Southern Arizona. This tournament is going to help us make more than one trip and give dozens of animals a second chance at finding a forever home,” says Diana Cannon, Chief Development Officer.

HSSA encourages pet lovers to visit the Tournament of Tails website at to learn more about Newt’s story and to cast their vote.

Optima Kierland Grand Opens Condominium Tower

Optima Kierland Rooftop Pool

A limited selection of residences remain in idyllic urban location

PHOENIX, Arizona – Residents have begun enjoying an unmatched urban lifestyle with a full range of luxury amenities at Optima Kierland’s high-rise condominium tower in North Scottsdale. Optima Kierland—a leader in Phoenix’s fast-growing real estate market—has sold more than 80 percent of its residences at 7120 East Kierland Boulevard.

Select one-, two, and three-bedroom residences remain for owners seeking an urban lifestyle with luxury amenities in an idyllic location. Prospective residents have limited time left to choose new homes priced from the mid $300,000s, ranging from approximately 720 to 1,709 square feet, with varied floor plans and a broad assortment of finish selections.

“From the groundbreaking in September 2015 to the topping out last May, our owners have remained consistently excited throughout the course of this landmark project, ” says award-winning architect David Hovey, JR., AIA, president of Optima. “Our steady pace of sales are a true testament to the allure of Optima Kierland as a sought-after luxury community, and a clear indicator that Scottsdale was ready for a new amenity-rich lifestyle.”

Optima Kierland represents the best of two worlds in the Valley: the vibrant, metropolitan setting of North Scottsdale amid the year-round natural beauty of the Sonoran Desert and its unlimited potential for outdoor recreation. Located on 9.5 acres at Scottsdale Road and Kierland Boulevard, residents enjoy an abundance of dining, entertainment and shopping options with Kierland Commons, Scottsdale Quarter and the Weston Kierland golf course and resort steps away. Scenic desert trails with rich wildlife and native vegetation are located minutes from the tower.

“As an avid traveler, my desire was to extend these globetrotting experiences into a permanent residential setting,” said Evelyn Arroyo, an Optima Kierland homeowner. “I selected Optima Kierland because it provides a world-class resort ‘feel’ lifestyle with first-class amenities. It’s a self-contained community where everything you desire is in the building.  And the architecture is stellar. Optima did not compromise anything in its creation.”

An emphasis on health, wellness and well-being is evident in the array of incomparable amenities unique to Optima Kierland. Residents can take advantage of on-site sports and exercise facilities that include a fully equipped, approximately 16,000-square-foot indoor/outdoor fitness center, golf simulator and indoor basketball/squash courts.

Stunning 360-degree rooftop mountain and cityscape views await residents and guests who make their way up to the Sky Deck—Optima Kierland’s crowning, exclusive destination spot—which features a heated lap pool, along with steam and sauna rooms. Spacious common areas offer venues for relaxed social gatherings around sundecks, barbecues, fire pits and a covered outdoor bar.

From floor-to-ceiling windows, Italian or Bulthaup German cabinetry, select granite or polished quartz counter tops, designer flooring and carpeting, KOHLER® fixtures and gourmet Bosch stainless steel appliances with gas stovetops, superior amenities let residents make their own distinctive interior design statements. Lush gardens and water features on the lower levels merge with vertical landscaping to integrate the modern architecture of the 7120 tower with the natural splendor of the surrounding desert.

Along with a superior on-site staff, Optima Kierland also provides 24/7 virtual concierge services.

“The Optima Kierland team is ready to welcome, assist and guide residents, helping them to make the most of this unprecedented opportunity to experience the Optima lifestyle with unlimited potential,” says Hovey.

Floor plans and interior finishes can be viewed at the Optima Kierland Sales Gallery, 15450 N. Scottsdale Rd. in Scottsdale, open weekdays from 9 a.m. to 6 p.m., Saturdays from 10 a.m. to 5 p.m. and Sundays from 10 a.m. to 5 p.m. Polaris Pacific is managing sales and marketing for Optima Kierland. For an appointment, call 480-418-2630 or visit



Industry mentor Pete Bolton honored with NAIOP Arizona’s Award of Excellence

Pete Bolton honored with NAIOP Arizona’s Award of Excellence

PHOENIX, ARIZONA– Pete Bolton, who mentored generations of commercial real estate professionals and managed four companies, will be honored with the Award of Excellence at the Best of NAIOP on March 22 at the Camelback Inn. The NAIOP Award of Excellence recognizes an individual who has made a significant, positive impact on the commercial real estate industry in Arizona over a period of at least 15 years, along with direct volunteer contributions to the chapter.

“The Arizona Chapter of NAIOP has benefited from Pete’s countless volunteer hours and expert guidance over the years,” said Suzanne Kinney, President and CEO of NAIOP Arizona. “Pete has left his mark on the commercial real estate industry and beyond. This award is intended to recognize his many contributions.”

After more than 30 years in the industry, Bolton launched Pete Bolton Company in 2017. His new company specializes in using team coaching communication and training to help commercial real estate brokers and sales teams win big and better business opportunities. His questioning, listening and expanding communication programs have helped hundreds of clients achieve better sales results.

Previously, Bolton was executive vice president and managing director of Newmark Knight Frank’s Phoenix office and designated broker for the company’s Arizona brokerage operations. Since opening NKF’s Phoenix office in 2012, Bolton recruited more than 33 industry professionals. Immediately prior, he established a new Grubb & Ellis presence in the Phoenix market. From 1999 to 2008, Bolton served as managing director at CBRE.

A native of Arizona (since he was 4 years old), Bolton earned a Bachelor of Science degree in Management from Arizona State University. An established industry leader, Bolton is among the most successful and widely recognized leaders in the Phoenix commercial real estate market. Over the course of his career, he gained extensive experience in commercial brokerage, corporate management, manufacturing and commodities.

“This community has supported decades of commercial real estate-related businesses and individuals. It has given us so much as far as lifestyle, opportunities, and a place to grow our families and our businesses,” Bolton said. “We have gone through the ups and downs of our communities and the economy, but for those who have weathered it out, it has always been extremely beneficial and given us more than we could ever give back.

“I ask all of us to make a concerted effort to give back to this great community we all live in – Maricopa County and beyond. It has treated us very well and allowed us to flourish if we worked hard enough. Give back as much as you can,” Bolton added.

Bolton has served in a variety of community leadership roles and contributes regularly to a number of publications and panels on industry trends and historical perspectives.

Professional accolades and honors include DISC Motivators & Emotional Intelligence certified instructor; Hudson Institute for Executive Coaching instructor   in 2007 and 2008; CBRE James J. Daidion Award winner, 2000 and 2004; and Phoenix Business Journal Most Admired Leader, 2016. In addition to being a past chairman of the Arizona Chapter of NAIOP and NAIOP National Board of Directors for three years, Bolton has served on the boards of Valley Partnership, the Arizona Chamber of Commerce and Industry, Urban Land Institute, Scottsdale Partnership and more.

Photo caption: Industry mentor Pete Bolton has been honored with NAIOP Arizona’s Award of Excellence for making a significant, positive impact on Arizona’s commercial real estate industry over the last 15 years.

1784 Capital Holdings Breaks Ground on $10 Million Oro Valley Self-Storage Facility

Rendering LifeStorage Steam Pump Village, Oro Valley, AZ

Scottsdale Company Expands its Portfolio with 1.6-Acre Project in Growing Tucson Suburb

Scottsdale, Arizona –Scottsdale-based 1784 Capital Holdings, LLC, has broken ground on its most recent Class A self–storage facility at 11061 N. Oracle Rd. in Oro Valley, Arizona. The $10 million development will be managed by LifeStorage and will serve the growing needs of the expanding Oro Valley community.

“We were drawn to Oro Valley because of the area’s thoughtful development policies and dedication to community integrity,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “We feel privileged to be a part of this community, and we look forward to providing a state-of-the-art environment that elevates consumers’ self-storage experience while continuing to raise industry standards.”

1784 Capital Holdings’ Oro Valley development is located within the Steam Pump Village Shopping Center, next to a Holiday Inn Express and behind a Quik Trip convenience store. The four-story project (three above-ground and one below) includes an 807-unit self-storage facility, as well as a first-floor, 3,800-square-foot retail/office suite that will be available for lease. The property will be visible and easily accessible from Oracle Road, and will offer enhanced security (individually alarmed units, bright lighting, 24-hour monitoring) and other amenities including a child’s play area and customer lounge.

“We have worked closely with leaders in the Town of Oro Valley to bring this project forward.  Oro Valley is emerging as a regional center for the biotech industry and these growing companies are expanding the local population,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “Many of these professionals move to the area for a limited time and are in need of quality self-storage to enhance their lifestyle.” Oro Valley’s Innovation Park, a master-planned business development, is home to tenants that include Honeywell, Northwest Medical Center, and several pharmaceutical companies.

Completion is scheduled for year-end 2018.


Regent Properties Sells PayPal’s Mission-Critical Building for $30.5 Million

PayPal’s mission-critical Network Operations Center, Scottsdale, AZ

Cushman & Wakefield Negotiates Sale of Class A Office in Scottsdale, AZ

PHOENIX, Arizona – Cushman & Wakefield announced that 90 Mountain View Phase II, located at 9999 N. 90th Street in Scottsdale, Ariz., was purchased by Denver-based Buchtel Realty Investors from Los Angeles-based Regent Properties for $30.5 million ($329.50 PSF).

Steve Lindley, Bob Buckley, Tracy Cartledge of Cushman & Wakefield Phoenix, along with Andrew Bogardus and Douglas Longyear of Cushman & Wakefield San Francisco, negotiated the transaction on behalf of the seller – Regent Properties. Rob Edwards and Tom Ethington, Principals at Pinnacle Real Estate Advisors, represented the purchaser – a private family owned real estate company.

90 Mountain View Phase II is a three-story, 92,562-square-foot, single-tenant office building currently 100% occupied by PayPal. The building serves as one of PayPal’s four global, mission-critical Network Operations Centers. Developed in 2005, the Class A, institutional-quality property has millions invested in the building for the mission-critical operations center use. PayPal’s other three Network Operations Centers are located in Silicon Valley, India and Malaysia.

“The property was an ideal investment for risk-averse buyers, including a long-term lease, prestigious Scottsdale address, well known credit tenant, and mission-critical use,” said Steve Lindley.

The building is LEED Silver and Energy Star-certified and features mountain views. Located in the center of Scottsdale, the property is freeway accessible providing PayPal access to a highly talented workforce in a rapidly growing high-tech industry cluster.