Signature Office Suites Building in Scottsdale Sold for $6.85 Million

Private Investor Purchases Award-Winning Building

Phoenix, Arizona – The Signature Office Suites building, located at 8585 E. Hartford Dr. in Scottsdale, has been sold to a private investor for $6,850,000 ($246 PSF).  The Class ‘A’, two-story office building features self-contained office suites that were 96 percent occupied at the time of sale.

Saffield Family LLC purchased the property from Signature Suites SPT LLC (San Pasqual Fiduciary Trust Company) in a 1031 Exchange transaction.  Greg Hopley, Jim Keeley and Dillon Hopley of Colliers International in Arizona represented the seller in the disposition.  Steven Barger with CRE Property Advisors represented the buyer.

“This Class A office building received two different awards for its high-quality design,” says Hopley, senior executive vice president with Colliers.  “The suites feature spectacular desert and mountain views visible through full height glass lines.  The property layout also offers a desert oasis courtyard with water features and benches that provide tenants with a very unique indoor and outdoor work environment. Plus, the overall demographics are some of the best in the entire valley.”

Built in 2000, the building contains approximately 27,797-rentable-square-feet of office space. Situated on 2.13 acres of land just west of the Loop 101 near Bell Road, the property is a short walking distance from the TPC Scottsdale Champions Course and Scottsdale Sports Complex, and the renowned Princess Hyatt Resort.  The interior was remodeled in 2017-2019 and now features breakrooms with granite-topped entertainment bar and hardwood cabinets.  Modernized LED lighting, wood blinds, 11-foot ceilings and updated private restrooms provide tenants with high-end office space amenities.




How extreme ownership amplifies the mental toughness behind Commercial Real Estate

Mike Gallegos

Phoenix, Arizona – There are many correlations between athletes, armed forces, and those in Commercial Real Estate – The Mental Toughness. Managing Director, Mike Gallegos was recently named 2020 CRE Best Bosses by GlobeSt. and is also a longtime student of Gracie Jiu Jitsu. This martial artist has developed a mental toughness that has also been the driving force of his career. Through self-development, discipline, and growth mindset, Gallegos has been instrumental in providing the sales training, tools, and techniques to commercial real estate professionals across the country.

Gallegos has been committed to providing the best possible leadership coaching and training for commercial real estate professionals, CEO’s, entrepreneurs, and individuals who are searching for the answers to succeed. Just recently, the certified Massimo coach, Gallegos also completed the ‘Unbeatable Mind’ coaching curriculum this summer; a program designed by retired Navy SEAL Commander and lifetime Martial Artist himself, Mark Divine. Mike is on pace to officially finish the coaching certification before the end of the year. In 2018 and 2019, Gallegos also attended Echelon Front’s “Muster” premier leadership event and completed certification in the Extreme Ownership program. This program, created by Jocko Willink and Leif Babin, guides you through combat leadership techniques and how to apply those principles in business and life. The two things they both have in common is the unbeatable mindset that prepares you to become disciplined, accountable to your team, and responsible for the outcome you desire to build a successful business or team.

You often hear the term “mastery” in all areas of executive leadership. Though to reach a level of excellence, you must also build towards self-mastery in all areas of your life. Unbeatable Mind calls the 5 mountains: physical, mental, emotional, intuition and the indomitable spirit. Inevitably when you can train yourself through an integrated manner of self-awareness that will drive you towards the highest levels of consciousness and move towards self-mastery. Managing Director, Mike Gallegos has developed a coaching program of its own that incorporates several areas to help commercial real estate professionals, executives, and thought leaders navigate in understanding the purpose in which you are meant to serve; both personally and professionally. “It is so important to establish the mindset necessary for overcoming the obstacles people face in business,” said Gallegos. “By aligning your work to your purpose, passion and principles will create a sphere of high-performance and clarity which will fuel the motivation in authentically inspiring others.”




Landsea Homes Acquires 476 SFR Homesites at Sunrise Ranch in Surprise, AZ

Phoenix, Ariz. – Landsea Homes announced another strategic expansion in Arizona with the acquisition of 476 finished single-family homesites at Sunrise Ranch in Surprise.

“Sunrise Ranch in Surprise provides Landsea Homes with another great opportunity to grow and expand in the highly sought-after northwest Phoenix market,” said Greg Balen, Arizona division president, Landsea Homes. “We’re looking forward to offering buyers these new homes that meet their needs, providing modern living with high-quality features and our great attention to detail at an attainable price point.”
Sunrise Ranch is a 130-acre single-family community consisting of three different new home product offerings and multiple lot sizes anchored by an integrated network of community amenities, including a central park, active open space, and walking and biking trails. The community is located at the northeast corner of 171st Avenue and Jomax Road.
Home sales for Sunrise Ranch are expected to begin in mid-2021.
Surprise is a sprawling suburban city located in the northwest Phoenix Metropolitan area, just 45 minutes from Downtown Phoenix and the Sky Harbor International Airport. It’s one of the 10 largest cities in Arizona, and residents and visitors enjoy the small-town feel with big-city amenities.
It’s also close to Arizona State University and regional offices for well-known companies including American Express, Intel Corporation, Honeywell and Mastech Digital.
“The growing city of Surprise has something to offer everyone. It’s safe, booming with family-friendly activities for all ages and employment opportunities, and we know that the general affordability of these new homes will be a big draw for families in the area,” added Balen. 
 
The Villages at North Copper Canyon, a Garrett Walker collection community by Landsea Homes is also currently selling in Surprise.  
 
“Homes in Surprise have been selling at an incredible pace for Landsea,” said Todd Condon, vice president of sales and marketing, Arizona division, Landsea Homes.  “The Park at North Copper Canyon sold out in just 10 months and The Villages at North Copper Canyon have sold more than 120 homes in just six months. The sales success we’ve experienced in such a short period of time speaks to the true value of these homes and how strongly they are resonating with new homebuyers. With our acquisition of Sunrise Ranch, we are excited about the opportunity to grow in this submarket.”
 
This news comes on the heels of Landsea’s plan to merge with LF Capital Acquisition Corp. (NASDAQ: LFAC), which would make Landsea a public company in the fourth quarter of 2020.
For more information about Landsea Homes’ Arizona communities, visit www.landseahomes.com.