PHOENIX, ARIZONA — ABI Multifamily has announced the $5,460,000, $140,000/unit, $169.71/SF closing of Tempe Terrace Apartments in Tempe, Ariz.

The 39-unit garden-style community — located at 1130 E. Orange St. — sits ½ mile from the nearest Light Rail Station and 0.8 miles from Arizona State University’s Tempe Campus. ABI Multifamily VP Royce Munroe represented the Seller, an Arizona-based private investor, and Associate Dallin Hammond represented the Buyer, a private investor from California.

“The Seller purchased Tempe Terrace Apartments in 1991, and it has been a solidly performing asset across its life, particularly given the growth and development that has transformed the area over the years,” Munroe said.

“Tempe Terrace Apartments presented an irresistible opportunity for the Buyer,” Hammond said. “As a legacy community in such a well-served and incredibly dynamic growth area, the value-add potential is exceptional and offers a full range of both near- and long-term opportunities.”

Tucson, Arizona — The Southern Arizona CCIM Chapter was recognized for excellence at the organization’s Midyear Governance Meetings in San Antonio, Texas, March 30–April 3. The annual CCIM Institute President’s Cup Awards’ ceremony took place on April 1, honoring CCIM chapters that have demonstrated the highest degree of skill, ingenuity, and innovation in promoting the membership benefits of the Institute at the local and regional levels throughout 2018.

The Southern Arizona CCIM Chapter was awarded First Place for Excellence in Tier II Chapters.

“Receiving this award was a great honor for the recognition by the Institute for all of the hard work by so many local volunteers on our Board and Committees,” said the immediate Past President Craig Finfrock, CCIM. In addition to Finfrock, the current Board is made up of 2019 Chapter President Gary Andros, CCIM, Vice President James T. Lavery, CCIM, and Treasurer James Bradley, CCIM.

The Southern Arizona Chapter of CCIM created the Rookies and Rock Stars Mentor/Mentee program to provide guidance and scholarships to young professionals for CCIM courses sponsored by the Chapter. This program has been well received by the Institute and is being replicated at other chapters. The Southern Arizona Commercial Real Estate Forecast Competition had its 27^th annual event this past February, making it one of the Institute’s largest running commercial real estate forecasts in the country.

CCIM Institute is a global community of 13,000 members, more than 50 chapters, and 30 countries that educates and connects the world’s leading experts in commercial real estate investment strategy, financial analysis, and market analysis.

Learn more about CCIM Institute’s education and designation program at ccim.com.

TEMPE, ARIZ. – Engineering consulting firm Terracon presented a check for $10,279 to Kids at Hope, a Valley organization focused on youths 3-18 that “empowers child and youth serving institutions to transform their cultures through a cultural strategy that proves all kids can succeed, no exceptions.”

Terracon raised the money through its annual golf tournament. This year it was held in March at the Legacy Golf Club in Phoenix and fielded 124 players.

Terracon presented the check to Kids at Hope at its Annual Youth Development Master’s Institute’s Dean’s Recognition Lunch on May 6 at the Embassy Suites, Phoenix/Scottsdale.

“If it takes a village to raise and educate a child, and it does, Terracon is demonstrating through corporate philanthropy how everyone can contribute to that understanding,” said Rick Miller, Founder and CEO of Kids at Hope.

The vision of Kids at Hope is that every child is afforded the belief, guidance and encouragement that creates a sense of hope and optimism. It is supported by a course of action needed to experience success at life’s four major destinations: home and family; education and career; community and service; and hobbies and recreation.

Terracon is an employee-owned consulting engineering firm with more than 5,000 employees providing environmental, facilities, geotechnical, and materials services from more than 150 offices with services available in all 50 states.

Terracon currently ranks 24th on the Engineering News-Record list of Top 500 Design Firms and is ranked No. 1 in Asbestos and Lead Abatement Design.

To learn more about Terracon visit terracon.com