TUCSON, Ariz.  – The Sundt Foundation awarded grants to seven Southern Arizona nonprofits during its current giving round.

“Being able to live our company’s purpose every day and give back to our community is very rewarding for our employee-owners,” said Rick Buchanan, Sundt Foundation Tucson Board Member. “All seven charities selected this quarter are worthy of being selected for the work they’re doing to make Southern Arizona a better place.”

The Foundation awards grants each quarter to local charities that support disadvantaged children and families. Nonprofits are selected through an application process and reviewed by a committee of Sundt employee-owners.

Nonprofits that received a grant include:

•        Interfaith Community Services Tucson
•        Make Way for Books
•        Tucson Jewish Community Center
•        El Rio Center Foundation
•        Steven M. Gootter Foundation
•        Step Up to Justice
•        Bootstraps to Share of Tucson (BICAS)

Phoenix, AZ – A nationally recognized name in the Commercial Real Estate Industry, Rommie Mojahed, the Director of Retail Leasing & Sales Investments has been named the 2020 Top Producer of the Year at the SVN franchise in Phoenix.

Rommie Mojahed was named 2020 Retail Broker by AZ Business Leaders Magazine at the beginning of last year and he continued to be a staple in the retail industry throughout one of the most challenging years in the CRE industry. Mojahed was faced with obstacles just like everyone else throughout the entire year but Mojahed stated, “Persistence always pays off.”

One of the most memorable and historic experiences for Mojahed was closing the sale of the iconic Duke building in central Phoenix. The longtime photography studio, known to the community for high school senior portraits, sports photography and family photos was sold to Aaron Klusman with Klusman Family Holdings, LLC, where Mojahed represented the buyer in the $2,000,000 sale. “There were some hurdles that we needed to get through and we were able to get what we needed during the shutdown of COVID-19. It created some delays in the escrow process, but we were excited when we finally closed,” said Mojahed.

“I really had to encourage my clients to work with and accommodate the buyers and tenants last year. It presented a difficult process in some cases, but this allowed us to keep deals alive during the uncertainty of COVID-19,” said Mojahed. Last year, the top broker closed more than eighty-five percent of his deals through long-term lease transactions, while the other remaining percentage of closed deals were sales among retail and land acquisitions primarily in the southeast valley. He closed over a dozen multimillion-dollar deals in the process which earned him to be selected to the TOP 100 advisors within the SVN International Corp. out of over 1,600 advisors. Not only did he make the incredible list of recognition, he ranked in top 50 advisors within the SVN network.

TUCSON, ARIZ. – NAI Horizon brokered the multifamily investment sale of Treehouse Apartments in Tucson for $23 million ($137,725 per unit or $237 psf).

Justin Lanné and Mike Chapman with NAI Horizon’s Tucson office represented both the seller, CaliberCos, Inc.’s Fund, CDIF Sunrise L.L.C., and the buyer, AHC Real Estate FND VIII L.P.

The asset is comprised of 167 units located at 3636 N. Campbell Ave., in Tucson, Arizona. Treehouse Apartments offers three apartment styles – studio, one-, and two-bedroom units.

The community is 3 miles north of the University of Arizona campus and one parcel south of University of Arizona Cancer Center.

Escrow closed on the property on February 10, 2021.

“A new Fannie Mae Loan was placed on the property allowing the buyer to take advantage of the low interest environment,” Lanné said. “Treehouse Apartments were extensively renovated by the seller in 2016.”

For more information, Lanne can be reached at 520.907.3470 and Chapman is at 520.591.5188.

To learn more, see RED Comp #8511.