The CCIM designation signifies expertise in the commercial real estate profession

PHOENIX, ARIZONA — The CCIM Central Arizona and CCIM Southern Arizona chapters have recognized seven members who recently earned the Certified Commercial Investment Member designation, the global standard for professional achievement in commercial real estate, from the CCIM Institute.

Headquartered in Chicago, CCIM Institute is one of the largest global commercial real estate networks.

The following Arizona CCIM chapter members were among the 122 industry professionals who earned the CCIM designation during the organization’s fall CCIM Comprehensive Exam testing session, which was held in Pittsburgh.

Thomas Ellixson, Menlo Group CRE, Central Arizona; Eric Ferber, Cutler Commercial, Central Arizona; David Luke, CommLoan, Central Arizona; Tucker Mackenzie, Hawkins Companies, Central Arizona; Eli Mastracci, Phoenix West Commercial LLC, Central Arizona; Jason Triano, Menlo Group CRE, Central Arizona; and Michelle Cunningham, Fort Lowell Realty, Southern Arizona.

“These latest designees join an exclusive global commercial real estate community, one that represents the highest level of expertise, experience, and ethics in the industry,” said Timothy S. Blair, CCIM, 2021 global president of CCIM Institute. “That’s why people look to this CCIM pin – each of us brings sophisticated analysis and evaluation skills to the table to make the most of every deal while never losing sight of the human factor – our clients and those we work with on a deal.”

To earn the CCIM designation, commercial real estate professionals must complete more than 160 hours of case-study-driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics in commercial investment real estate.

Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a comprehensive examination.

“Obtaining the CCIM designation is not easy, but it’s worth it. They say that if it were easy, everyone would do it,” said Central Arizona Chapter President Todd Hamilton, CCIM, SIOR, Citywide Commercial Real Estate. “When I transact with a fellow CCIM designee, I know that I’m dealing with an intelligent person that I can trust. We applaud and congratulate the newest Arizona designees.”

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

PHOTO CAPTION SOUTHERN ARIZONA PHOTO:
(Left to right) Gary Heinfeld, CCIM, Advisors in Real Estate, Inc.; Michelle Cunningham, CCIM, Fort Lowell Realty; James Robertson, Jr. MBA, CCIM, Realty Executives; Cody McGuire, CCIM, National Bank of Arizona; and R. Craig Finfrock, CCIM, Commercial Retail Advisors.

PHOTO CAPTION CENTRAL ARIZONA PHOTO:
(Left to right) Eli Mastracci, CCIM, Phoenix West Commercial, LLC; Tucker Mackenzie, CCIM, Hawkins Companies; Bobbie Mastracci, CCIM, Phoenix West Commercial, LLC; Thomas Ellixson, CCIM, Menlo Group CRE; Eric Ferber, CCIM, Cutler Commercial; Marina Hammersmith, CCIM, Orion Investment Real Estate; Nick Miner, CCIM, Orion Investment Real Estate; Jason Triano, CCIM, Menlo Group Commercial Real Estate.

Tucson, AZ. – Larsen Baker, through its affiliate Brosemont Outparcel, LLC recently acquired the former Macaroni Grill located at 5100 E Broadway Blvd. in Tucson, Arizona.  The 7,500-square-foot building was purchased vacant for $1.2 million ($160 PSF).

Upon acquisition, Larsen Baker simultaneously secured a long term lease for the entire building with a national tenant that specializes in primary care and wellness for seniors. The building exterior will be renovated as part of the new lease. This new model for primary care and wellness for seniors on Medicare and Medicaid has recently come to Tucson. The focus is on the overall well-being of patients by concentrating on exercise, diet, and other lifestyle factors.

The buyer, Larsen Baker, through its affiliate, Brosemont Outparcel, LLC was represented by Isaac Figueroa who handled the transaction. Figueroa also handled the lease transaction on behalf of the landlord.

For more information, Figueroa should be reached at 520-296-0200 ext 218.

GLENDALE, Ariz., – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Walgreens, a 15,022-square-foot net-leased property located in Glendale, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,336,000 ($222 PSF).

Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, another limited liability company, was procured by Ruble and Lind.

Walgreens is located at 8309 West Glendale Avenue in Glendale, Arizona. Built in 2001, the property is located within one mile of major retailers like Walmart, O’Reilly Auto Parts, McDonald’s, Subway, Target, Kohl’s and more. Walgreens has excellent visibility on the signalized intersection of West Glendale Avenue (22,860 cars per day) and 83rd Avenue (13,612 cars per day). Easily accessible to 389,490 residents within a five-mile radius, the location has strong reported store sales.