PHOENIX, ARIZ. (Dec. 21, 2022) – NAIOP Arizona’s Developing Leaders Young Professionals Group (YPG) mentorship program closed out its 11th year with the annual team competition and graduation of 25 protégés.

Mentors and protégés of the 2022 class gathered Dec. 7 at The Henry for a reception, presentations, and dinner. The 25 protégés, grouped into five teams, each pitched a development proposal for a site located in an Opportunity Zone at 48th Street and Washington near Phoenix Sky-Harbor International Airport to a potential equity partner.

As part of their equity partner’s review of the development proposals, presentations were judged by the projects’ ability to provide the highest and best use of the site while generating a positive yet realistic projected return on investment.

Chris Beall with JLL and Alex Boles with ViaWest Group served as 2022 program chairs.

“This year’s group was a special combination of young professionals who received a crash course in due diligence, underwriting, and development. The YPG program offers a unique opportunity for each participant to grow, learn, and, most importantly, network with other driven young professionals who are hoping to increase their understanding of the industry,” Boles said.

The 2022 winner, Crosswind Logistics, is a two-wing industrial park. Team members included Alex Briestensky, ViaWest Group; Sid Carrell, Layton Construction; Mark Dorsey, Cushman & Wakefield; Lauren Lovell, CBRE, and Ryan Short, Cotton Architecture + Design. The team was led by mentor Collin Weisenburger of Trammell Crow Company.

“As a mentor for the 2022 YPG class, I was able to benefit from the program as much as the participants,” Weisenburger said. “Each team provided creative solutions to develop the site. It was great to see the participants use real-world data to inform their proforma.”

Additional mentors for this year’s class were Derek Flottum, The Opus Group; Dave Krumwiede, Lincoln Property Company; Steven Schwarz, ViaWest Group and Josef Pappas, Sunbelt Holdings.

“I know I speak for my group when I say that the NAIOP YPG program was an incredible learning experience,” Lovell, an associate at CBRE, said. “So many factors contributed to the complexity of the project. The fact that our site was located in an Opportunity Zone – the easements and soil remediation needed at this particular site, the rise in construction costs, and the instability of the debt market – all of these real-world factors helped us better to understand the development process as a whole in real-time.”

Other program graduates included:

• Team Krumwiede: Molly Ahrens, Adolfson & Peterson Construction; Tim Kempton, CBRE; Drew Kiel, SPS+ Architects; Joe Pierson, Lincoln Property Company; and Sydney Setnar, JLL
• Team Flottum: Drew Butler, Willmeng; Jarrod Howard, JLL; Sam Jones, Colliers International; Taylor Rice, Butler Design Group; and Spencer Wood, Enterprise Bank & Trust.
• Team Schwarz: Molly Hunt, Cushman & Wakefield; Colter Kilgour, George Oliver; Samara Miller, Kimley-Horn; Brian Silverstein, CLAYCO; and Hayden Thomson, FirstBank.
• Team Pappas: Jonathan Jaggard, Fundamental Income; Ryan Lehane, Hines; Connie Nelson, CBRE; Nick Whitehouse, Lee & Associates Arizona; and David Wilson, Corgan.

PHOTO: Members of the winning team, Crosswind Logistics, include (left to right) Ryan Short, Alex Briestensky, Mark Dorsey, Lauren Lovell, Sid Carrell, and team mentor Collin Weisenburger.

PHOENIX, ARIZONA (December 8, 2022) – Bobby Weinberg, senior vice president/senior director, and Mason Brower, vice president of Northmarq’s Dallas debt/equity office, arranged the refinance for Palisade Park, a 29-building, 214-unit multifamily property located at 3001 North Black Canyon Highway in Phoenix, Arizona. The transaction was structured on a 10-year with 5-years interest only term followed by a 30-year amortization schedule. Northmarq arranged the permanent-floating loan for the borrower through its status as a Freddie Mac lender.

“Turnstone and their management team have created significant value at Palisade Park through their renovation strategy. They were able to take advantage of the value created through a refinance to return capital to investors while providing flexibility moving forward. Northmarq was able to assist by providing the financing,” said Weinberg.

Palisade Park Apartments is a gated community situated in Midtown Phoenix just minutes from downtown, centered amid major education and employment corridors. The property recently underwent full interior renovations and boasts quality finishes. Within a five-mile radius of the apartments, population totals 481,640, alongside a median home value of $222,249.

Unique community amenities include: Two renovated swimming pools, community BBQ grills with picnic area, Wi-Fi café, playground, covered parking, two on-site laundry facilities, pet play station, soccer field, package service, on-site property management/maintenance, video surveillance, and online rent payment services.

Apartment amenities include: High-speed internet access, in-unit washer/dryer, walk-in closets, ceiling fans, private balcony/patio, spacious carpeted bedrooms, vinyl flooring, dining and family rooms, linen closet, and window coverings.

The Phoenix multifamily market is forecast to remain active through the remainder of this year and into 2023. As recorded in Northmarq’s Phoenix multifamily market report, renter demand for apartment units is expected to be fueled by a local employment market that is showing no signs of letting up and has been accelerating in recent months. Read the full report here.

Florence, Arizona – November 23, 2022 – The Town of Florence is excited to announce a new barbecue restaurant Your Behind BBQ – Birds & Bones will be opening in 2023. The restaurant will be located on North Main St. in the Town’s historic downtown district, taking over for the previously adored Grace’s Place. The award-winning BBQ Pitmaster, Kyle Mataszewski, his father Jerry, and business partner Justin Coffino are looking forward to bringing a unique food concept to the Florence community.

Not only did they compete and place in a Florence BBQ competition a few months back, that experience led them to open a new restaurant in town. They also recently competed in the Volkswagen & Pitmaster Roundup’ held at the Charles Whitlow Rodeo Arena and were crowned Grand Champions. They took first place in chicken, second place in ribs, third place in brisket, and seventh place in pork. But in no way was that their first rodeo! The inspiration that fuels Kyle’s passion dates back to his childhood and learning how to cook BBQ with his father and grandfather, Benny.

The father-son duo was inspired by the television show, BBQ Pitmasters, and with their first smoker and passion for good barbecue, the team eventually started competing professionally. In 2014, they entered their first Kansas City Barbeque Society (KCBS) competition in Scottsdale, Arizona, which pitted the team against 127 rivals. During the awards ceremony, they were shocked to hear their name called – they had placed seventh in chicken at their first official contest. Mataszewski recalls, “Walking that stage with my dad and seeing the smile on his face when we got a 7th place chicken call, I knew this is something he and I could do as a father and son. This was something I felt I belonged to.” In fact, since then, they have received hundreds of awards over the last 8 years. Earlier this year, out of 249 teams, they placed fifth overall at the American Royal World Series of BBQ. Some of their other awards include fourth place overall in the pork shoulder category at the Memphis in May World Championship BBQ contest and first in the Steak Sevier Sear Quad Cookoff. You can read more about their awards and events on their website, www.yourbehindbbq.com.

Commenting on this new addition to Main St., Community & Economic Development Director, Harvey Krauss said, “There is a considerable amount of excitement brewing in Downtown Florence with the recent news that a BBQ Pitmaster from Food Network will be opening a restaurant on Main Street. Kyle and Bill Mataszewski recently purchased the former Grace Place building and plan to open a new restaurant featuring their award-winning BBQ. This will be a great culinary addition to historic Florence!”

The Town of Florence is excited to begin spreading the word about the new restaurant that will be opening in early 2023. Kyle and his team plan to open the restaurant at 10:00 AM daily and stay open later on the weekends so families can enjoy a night out. They will also be hosting special events, such as Thursday night football, in addition to many others. The property is located at 270 N. Main St, Florence, AZ 85132. The restaurant is 2,000 square feet with an additional 950 square feet dedicated to an outside patio. “This is a family affair for us is how I

look at it, Justin has the support from his family that wants to see us succeed. My family is 100% behind me on this adventure I’m on. This is my passion. I eat, breathe, and sleep BBQ and cooking,” said the owner, Kyle Mataszewski. So, for all you BBQ fans out there in Florence, you’ll soon have your own Pitmaster celebrities bringing all their award-winning dishes to a neighborhood near you.