Two of Arizona’s Leading Women-Led Companies Create ForeSite to Make It Easy for Global Businesses to Establish Successful Local Operations

PHOENIX, ARIZONA – Arizona Land Consulting and ForeOptics, two successfully independent and female-owned companies, have joined forces to create ForeSite, a new turnkey solution that combines real estate selection with full-service operations and supply chain management for companies that are expanding operations in or moving to Arizona, specifically the Phoenix area.

Due to unique and vast land opportunities, low taxes and a reasonable cost of living, it’s been reported that nearly 300 U.S. and national companies are currently looking to expand their operations or relocate to the state, and that number is expected to grow. Establishing a new facility can be a complex and daunting task, as a business typically needs to identify suitable land, optimal infrastructure and have access to a talented workforce as well as go through the zoning and entitlement process, identify a land developer, establish operational processes and systems, and select the necessary equipment.

Anita Verma-Lallian, founder of Arizona Land Consulting and Seema Phull, CEO of ForeOptics, have both been successfully providing these services independently and have now teamed up to provide a seamless solution between land acquisition and operationally standing up an organization.

“We both have a passion for economic development and growth, and we are thrilled to be able to bring our unique skill sets together to offer this important service to the hundreds of businesses flocking to Arizona,” said Phull. “We will use our resources and our suppliers to expedite and streamline the process for these companies, and to help make a positive impact on our great state.”

The new partnership offers clients a unique and immense level of guidance and support, from evaluating Arizona’s market for the organization’s expansion or relocation to scaling the organization’s operations and hiring. A ForeSite solution includes real estate selection, full-service operations and supply chain management capabilities, such as optimized factory and distribution layout, streamlined processes and systems and establishment of a talented workforce.

“The Arizona real estate and job market is absolutely nuts right now – there is so much happening,” said Verma-Lallian. “There is lots of development and everyone is backlogged and short-staffed. We have the connections, the insights and the know-how to help companies who want to establish operations in Arizona get the right deal done quickly.”

For more information and to book a consultation, please contact [email protected]. 

Phoenix, AZ – Suntec Concrete, the largest commercial concrete contractor in the Southwest, is pleased to welcome Matthew J. Pierce, Esq. to the Suntec team as the firm’s General Counsel.

As General Counsel, Pierce will advise Suntec’s management and board and manage all legal and risk-management matters, including litigation, contracts, labor and employment, insurance claims, real estate, regulatory and corporate compliance, and intellectual property.

“We are excited that Matt has joined us to fill this important role,” said Suntec President Derek Wright. “His diverse experience in the construction industry, educational influence at Arizona State University and his real estate development background complement the needs of Suntec today and into the future. Matt’s leadership and influencing style are great additions to the future of Suntec and we a grateful to have him with us.”

Pierce has an extensive legal background in construction and real estate development and will guide Suntec’s legal planning. His 16 years of law experience with the Phoenix law firm of Warner Angle Hallam Jackson & Formanek focused on construction law and real estate development. His law experience includes assisting contractors, subcontractors, designers and project owners in a wide variety of issues, including contract drafting and reviewing, mechanic’s liens, bonding and insurance, delays, non-payment, public proposals, infrastructure finance, warranty and negligence claims, and licensing.  Pierce has handled construction matters from minor payment and warranty disputes to closing a billion-dollar plus public infrastructure deal.

“I’m thrilled and honored to work shoulder-to-shoulder with the remarkable leadership team at Suntec,” Pierce said. “Throughout my law career I’ve been impressed with Suntec’s workmanship and the reputations of people like Jerry (Barnier) and Derek (Wright), and I look forward to contributing toward shaping the built environment wherever Suntec goes.”

In addition to acting as General Counsel, Pierce serves as a faculty associate at Arizona State University, teaching construction contract administration. Pierce earned a B.S. in Accountancy from the W.P. Carey School of Business, as well as his Juris Doctorate from the Sandra Day O’Connor College of Law. As a law student, Pierce clerked for former federal district court Chief Judge Stephen M. McNamee.

TUCSON, ARIZONA – The U.S. hotel industry suffered its worst year on record in 2020 as the coronavirus pandemic severely crimped business travel and Americans gave up on vacations to stay at home.  Hotels hit all-time lows in occupancy and in revenue per available room last year, according to data provider STR.

With an occupancy rate of just 44%, the industry surpassed 1 billion unsold room nights for the first time in history, eclipsing the 786 million that went unsold during the global financial crisis in 2009.  And 2021 conditions remained poor before starting to improve. The first half of the year looked much like 2020 as Americans start to line up for vaccine shots, according to STR and the American Hotel & Lodging Association.

But in the second half of the year, pent-up demand for experiences finally started to unleash, bolstering the industry and offering a first glimpse of post-pandemic life slowly but surely. Some owners are deciding its time to sell.

Four hotel / motels sold recently in Tucson within days of each other for an aggregate total of $21 million. The sales are as follows:

Best Western Royal Sun Inn & Suites at 1015 N Stone Avenue in Tucson sold for $7.5 million ($95,000 per room) to a private California investor.

Built in 1969, the 42,827-square-foot hotel features 79 guest rooms in five, two-story buildings. The property is located in Central Tucson, near Downtown Tucson, University Arizona, Tucson Convention Center, Pima College with easy access to freeways I-10 and I-19. Nearby are Tucson’s most popular attractions such as Arizona-Sonora Desert Museum, Saguaro National Park, Old Tucson Studios, three shopping malls and golf courses. All major hospitals – UMC, TMC, St. Mary’s Hospital and Tucson International Airport are located just minutes away. Students, professors, faculty and their families also choose this Tucson hotel when in town for special events such as graduation or homecoming at U of A. Top features include a reception building, pool, spa, fitness center, business center, Bumbsted restaurant and Wonderwall Bar for great drinks & dinner specials. The seller was also a private California Investor.

To learn more, see RED Comp #9155.

Motel 6 Marana / Studio 6 at 7277 N Camino De Oeste in Marana sold for $6.3 million ($52,500 per room) to a Scottsdale investor.

Built in 1987, the 44,419-square-foot motel features 120 guest rooms in three, two-story buildings. The property is located at Ina Road and I-10 in the Northwest submarket and features newly renovated rooms, free Wi-Fi available in all guest rooms, pool /spa and laundry.

To learn more, see RED Comp #9196.

Quality Inn Airport Tucson at 2803 E Valencia Road in Tucson sold for $3,996,400 ($41,200 per room) to a Phoenix investor.

Built in 1984, the 41,764-square-foot hotel features 97 guest rooms in a single 3-story building. The property is located near Tucson Airport in the Southside submarket. Top features of the hotel include 24-hour front desk, pool, spa, laundry services, facilities for disabled guests, Wi-Fi in public areas, and valet parking car park.

To learn more, see RED Comp #9165.

The Days Inn & Suites at 1440 S Craycroft Road in Tucson sold for $2.88 million ($43,000 per room) to a Phoenix investor.

Built in 1982, the 28,858-square-foot hotel features 67 guest rooms in 5 two-story garden-style buildings. This property is located on the Eastside of Tucson, catering to many demand generators such as the Davis Monthan Air-force Base, along with a mix of corporate and leisure business. The property has been owned by an absentee owner from California.

The buyer plans to convert it to an Extended Stay with pre-plumbed & pre-wired ready for kitchenettes. Additionally, the hotel has a large two-bedroom two-bath manager’s living quarters on-site attached to the office.

Dinesh Dan Rama, Ryan Bodine and Jigar “Jay” Desai of NewGen Advisory in Phoenix handled this transaction.

To learn more, see RED Comp #9177.