Sierra Vista, Arizona –  SVN Desert Commercial Advisors is a comprehensive commercial real estate top brokerage firm in the State of Arizona.  Additionally, they have two of the top advisors and industry experts that work with shopping center investors.  Director of Retail Leasing & Sales Investments Rommie Mojahed and Senior advisor Beau Flahart started the year with a $6.9M sale of 8^th Ave Shops and still continue to work with investors all across the country.

Most recently, they sold the Shops at Sierra Vista for $2,400,000 located at 439/465 N Hwy 90 BYP in Sierra Vista, AZ which is about one hour southeast of Tucson.  SVN represented the seller in the sale but also had one lease space available which was approximately ten percent of the shopping center.

The advisors were able to secure a tenant to occupy this space which took the cap rate from a ± 8% to 9%.  This opened up the property for the seller, Barry Roth with Roth Partnership LLC, a long-time client of the advisors to sell the property.

“Once the center was 100% leased it opened up the door for many buyers and was quickly in escrow.” said Beau Flahart.

The Pennsylvania buyer, Kwang Lee with INU Real Estate Management LLC was represented by another brokerage.

Flahart stated, “Persistence paid off with this property.” The seller is at a point of his where he is consolidating his assets.  “We have another exciting center in Mesa that we will be working on with them this year as well,” said Flahart.

The SVN advisors are well-known for their appearances at the International Council of Shopping Center conference across the country and will be making their annual appearance at the upcoming conference in Las Vegas, Nevada in May.  They have approximately forty combined active listings on the market from shopping center lease & sale investment opportunities to opportunity zone properties across the valley and land development opportunities in the southeast valley.

“Customer service is extremely important to me. Our clients are our #1 priority,” said Director Rommie Mojahed.  Seller Barry Roth stated, “Thank you for all your hard work on this one.”

Phoenix, Arizona — CBRE arranged the $1.5 million sale of a two-tenant retail property located near Gilbert Road and Southern Avenue in Mesa, Ariz. The buyer, a private California investor, acquired the property from SimonCRE Highlands IV, LLC, a Scottsdale-based commercial real estate developer.

CBRE’s Steve Julius and Jesse Goldsmith represented the seller in the transaction.

Located at 1942 E. Southern Ave., the 5,658-square-foot retail building is fully leased by two long-term tenants: Ike’s Sandwiches and Judd Orthodontics. The property is situated near a busy intersection with immediate access to numerous retailers including a new Black Rock Coffee Bar, Speedy Cash and Chevron gas station. The U.S 60 freeway is less than a mile away.

In CBRE’s recent North America Cap Rate Survey, retail cap rates for both stabilized and value-add properties increased for all retail segments in the second half of 2018. Cap rates for both power and neighborhood/community center stabilized properties are expected to remain unchanged or increase slightly in the first half of 2019.

GILBERT, ARIZONA — Hunter Contracting Co. (Hunter) is proud to announce that Chuck English, who has been with the heavy site/civil construction company for more than 33 years, has been promoted to President

Hunter’s day-to-day operations focusing on planning for success, aligning Hunter’s resources with project requirements, and developing future business opportunities.

“I selected Chuck for his understanding of three things: familiarity of clients and market conditions in Phoenix and Tucson, deep understanding of contract requirements, and innate planning capabilities,” said Hunter’s CEO Max Taddei.

English has overseen construction operations for Hunter in both Tucson and Gilbert offices. He earned a Bachelor of Science degree in civil engineering from Arizona State University. He serves on the Board of Directors for the Arizona Chapter of the Associated General Contractors of America.

He is also a Past President of the Arizona Transportation Builders Association (formerly TUCA) in Tucson.

English gives back to the community, supporting the Boys & Girls Clubs. When not working he enjoys traveling with his family, playing golf, and scuba diving.