PHOENIX, ARIZONA – The Central Arizona chapter of CCIM, commercial real estate’s global standard for professional achievement, is offering CI 101, a three-day course to help real estate professionals make informed investment decisions using the CCIM Cash Flow Model.

The course is March 28-31 at SkySong Center, 1475 N. Scottsdale Road in Scottsdale. The course begins at 8 a.m. each day and ends at 5 p.m. Lydia Bennett, CCIM, will be the instructor.

The CCIM Cash Flow Model measures the impact of federal taxation and federal leverage on the cash flow from the acquisition, ownership, and disposition phases of real estate investment. It also utilizes real estate analysis tools to quantify investment return.

CI 101 is a bedrock class for real estate practitioners at a time when risk mitigation, pricing, and cycle assurance have become critical to investors. CI 101 introduces the CCIM Cash Flow Model, a tool for ensuring investment decisions are based on wise financial fundamentals.

During the course, participants will learn to use key financial concepts such as internal rate of return (IRR), new present value (NPV), cap rate, capital accumulation, and annual growth rate of capital to compare different types of commercial real estate investments.

Tuition is $1,200 for members; $1,460 for REALTORS; and $1,735 for non-members. Register by phone at (800) 621-7027, option 2; or register online at www.ccim.com/101.

TUCSON, ARIZONA — Highlighted this week is 3,028-square-feet of retail space leased at 219 N 3rd Avenue in Tucson to SPS+ Architects, LLP handled by Andy Seleznov with Cushman & Wakefield | PICOR and Dave Volk of VOLK Company.

The following leases were submitted to the Real Estate Daily News for the Tucson Lease Report from March 7 – 11, 2022.

RETAIL – 219 N 3^rd AVE., TUCSON 85705, Central
SPS+ Architects, LLP leased 3,028-square-feet at 219 N. 3rd Avenue from Iron Horse, LLC. The landlord was represented by Andy Seleznov of Picor. Dave Volk of VOLK Company represented SPS+ Architects, LLP.

RETAIL – 63 E. CONGRESS, TUCSON 85701, Central
EZBACHI LLC leased 2,800-square-feet at 63 E Congress, Suite 121, the space formerly occupied by Senea Thai Bistro. The tenant, EZBACHI LLC, plans to open a Thai restaurant. Rick Borane of VOLK Company represented the landlord, EQ Scott and Congress LLC.

OFFICE – 4801 E BROADWAY BLVD., TUCSON 85711,  East 
Ronald N Allen, LLC dba Allen Law Office leased 1,812-square-feet on the first floor of the office building at 4801 East Broadway Blvd. Elaina Elliott and Isaac Figueroa with Larsen Baker represented the landlord in the transaction.

RETAIL – SHOPS AT DESERT SPRINGS, TUCSON 85704, Northwest
Easy Going Smoke Shop leased 1,800-square-feet of retail space at Shops at Desert Springs, Northeast corner of Ina & LaCholla in Tucson, from La Cholla Retail, LLC. Aaron LaPrise, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Ramiro Scavo, with Realty Executives Arizona Territory, represented the tenant.

MEDICAL OFFICE – 5225 E KNIGHT DR., TUCSON 85712, Northeast
Rincon Orthopedic Associates, PC leased 1,763-square-feet of medical space at Tucson Medical Park, 5225 E. Knight Dr., Suite 201 in Tucson, from TMC Holdings, Inc. Richard M. Kleiner, MBA, Principal and Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction.

OFFICE – 8230 E. BROADWAY BLVD., TUCSON 85710, East
NUEVA Benefits Group, Inc. has leased 1,476-square-feet at 8230 E. Broadway Blvd., Suites E7 & E8, from Dynamite Billing Specialists, LLC.  Lori Casey and Cameron Casey of Oxford Realty Advisors represented the Landlord in this transaction.

OFFICE – 2302 E SPEEDWAY BLVD., TUCSON  85719, Central 
T.B.V Enterprises, Inc. leased 850-square-feet of office space at Speedway Professional Center, 2302 E. Speedway Blvd., Suite 110 in Tucson, from Professional Center, LLC. Thomas J. Nieman, Principal, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord in this transaction. Ian Stuart with CBRE, Tucson, represented the tenant.

Submit sales and leases to [email protected]

PHOENIX, ARIZONA – NAI Horizon represented the tenant, a national financial products distribution firm, in a long-term lease in the bustling and vibrant Midtown Phoenix Central Avenue office corridor.

NAI Horizon Managing Director Laurel Lewis represented Simplicity Financial Marketing, Inc., of Summit, New Jersey, in a long-term lease totaling $3.59 million at Phoenix Plaza, 2929 N. Central Ave.

Simplicity Financial will occupy 21,621 SF at Phoenix Plaza, which totals 225,000 SF.

Simplicity is one of the nation’s fastest growing independent financial services firms that annually produces $4.5 billion of annuity premium and $100 million of target life insurance premium. The Simplicity Group has 26 offices across the country.

“This new office will consolidate offices in Scottsdale and Glendale. They were attracted to the Central Phoenix corridor because of its great location and light rail access in Midtown Phoenix,” Lewis said. “Phoenix Plaza offers Class A accommodations with a fitness center, state-of-the-art conferencing, dining, and an adjacent hotel, which were all a big factor in their decision to locate at the building.”

Simplicity provides best-in-class insurance, investment, and business development solutions. By way of organic growth and acquisition of top financial distribution and technology companies, Simplicity has become one of the largest organizations of its kind.

The Landlord, Phoenix Plaza PT, LLC of Irvine, California, was represented by Pat Boyle with Cushman & Wakefield.

Courtesy Photo: 2929 N Central Ave., Phoenix