PHOENIX, ARIZ. – The Arizona Private Lender Association (APLA) recently announced its 2019/20 Board of Directors and outlined its association/new member events through the summer.

Board officers for 2019/20 are President, Rob Leonard, Colonial Capital; Vice President, Jack Hilton, Hilton Financial Corporation; Treasurer, Aaron Zeese, PAJ Enterprises; Secretary, Phil Sollomi, Scottsdale Private Lending; and Statutory Agent, Jeff Craven, Craven Law Firm. Other board members are Bill Anastopoulos, Gold Coast Mortgage Group; Geoff Ball, Applewood Funding; Adam Nach, Lane & Nach, P.C.; and Christine Zeihen, OPM Capital.

APLA serves the needs of Arizona private money lenders who provide loans secured by real estate with funds from private sources. Its mission is to represent, promote, and foster the business of bringing private capital to Arizona for real estate projects and hold private money lenders to a high standard.

Scheduled events this summer include a networking/member drive/golf outing, and a seminar led by APLA member Mitch Medigovich in conjunction with the Arizona Trustee Association at the Blue Water Grill in Phoenix.

APLA meets six times per year with various guest speakers providing informative news in the private money lending arena. APLA Members include licensed lenders and affiliates. Affiliate Members include investors, title company representatives, attorneys, real estate brokers and other segments related to the lending industry.

APLA also works to provide standards of conduct and education for Arizona private money lenders. It coordinates with state and federal agencies on behalf of its members.

For more information visit azprivatelenders.org.

A new Smoke Shop highlights the Tucson commercial leases this week.

The following commercial leases were reported to the Real Estate Daily News for the Tucson Lease Report from April 29 thru May 3, 2019.

RETAIL – 5102 E SPEEDWAY BLVD., TUCSON
EG Smoke Shop leased 1,350-square-feet at 5102 E. Speedway Blvd. in Tucson, from Monterra Group.  Aaron LaPrise, Principal and Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction; Ramiro Scavo, Retail Specialist with Cushman & Wakefield | PICOR, represented the tenant.

RETAIL – 5515 E GRANT ROAD, TUCSON
Country Stamp Collections leased 660-square-feet at 5515 E. Grant Rd., Suite 205A, in Tucson, from Grant 5515 Ventures, LLC. Thomas J. Nieman, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

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PHOENIX, ARIZONA – NAI Horizon represented the landlord, Crismon Superstition Development, LLC, in a long-term lease at Mountain Vista Business Center, 10165 E. Hampton Ave., in Mesa.

NAI Horizon Vice President Kevin Higgins, Senior Vice President Lane Neville and Associate Logan Crum negotiated the $1.131 million lease totaling 13,288-square-feet. Studio R Ballet will occupy the space.

“Studio R Ballet is one of Arizona’s finest classical ballet schools, and with more than 13,000-square-feet and five studios, this new location will be one of the best dance facilities in Arizona,” Higgins said. “Its location in the much desired and growing Southeast Valley is also a huge plus.”

Mountain Vista Business Center sits off the US 60/Crismon Road exit and is directly across from Mountain Vista Medical Center/Hospital Campus. It is adjacent to a $200 million development, GrandeVita. The 20-acre, mixed-use campus-style community at Crismon Road and Hampton Avenue will include a Marriott hotel.

Mountain Vista Business Center comprises two buildings totaling 48,084-square-feet of flex office/industrial space. It has freeway visibility with more than 180,000 vehicles per day. It is located within the rapidly growing East Mesa submarket.

Alex Wentis of CBRE represented the tenant.