6 minute read
Trendsetters
from AZRE May/June 2021
by AZ Big Media
SAY WHAT?
Some of Arizona’s most prominent commercial real estate leaders harbor little known facts about themselves that would surprise most people. Here, they share some fun details that would be great conversation starters in any situation. MIKE GREENAWALT
CEO, Resendin: “I don’t golf. I’m a total motorhead — cars, boats, bikes. I can drive the heck out of a golf cart, but don’t ask me to swing a club.”
JONATHAN KEYSER
founder, Keyser: “I am the son of Christian missionary parents and spent my childhood in Papua New Guinea.”
KATIE HAYDON PERRY
executive vice president, Haydon Building Corp: “I’m a tree farmer. I own 1,800 acres of loblolly pines in East Texas and West Arkansas, on land that has been in my family since the Civil War. Every chance I can, I’m in the woods, running around on a ranger, checking on my trees.”
ANDREA DAVIS
owner and designated broker, Andrea Davis CRE: “Coca-Cola hired me to dance-skate in Fukuoka, Japan, for three months. Four American girls performed roller-skating dance shows, eight times a day, with four Japanese girls to demonstrate that the East and the West were united. It was a smash hit for the Japanese tourists.”
GRETCHEN KINSELLA
Arizona business unit leader, DPR Construction: “I have not voluntarily watched a movie in more than 10 years. It drives my husband crazy, but I can’t sit still for that long.”
KARL OBERGH
principal and CEO, Ritoch-Powell & Associates: “I am very involved with Central Arizona Shelter Services, assisting with homelessness. I grew up living in cars, tents, motels, church basements and low-income housing projects, and I attended 24 schools (K-12) throughout Arizona, which provided me a skill of survival and quick problem solving.”
DAVID KRUMWIEDE
executive vice president, Lincoln Property Company: “Early in my career, I interviewed with CBRE (then CB Commercial) for a brokerage job, but I didn’t get it. I think they thought I would take their few years of training and move over to the development side. It’s funny how they could see my future before I could.”
MICHAEL T. YOUNG
principal and CEO, WOODPATEL: “I’m a descendent of Brigham Young. He is my great-great-greatgrandfather.”
MARK TISCORNIA
healthcare market leader and principal, Cuningham Group Architecture: “I’m a diehard Iron Maiden fan.”
PHOENIX INDUSTRIAL MARKET CONTINUES TO SURGE
The COVID-19 pandemic has accelerated e-commerce trends that have fueled demand for warehouse and distribution space in the Phoenix market, according to a report from Kidder Mathews. Amazon has been aggressively expanding in Phoenix, signing 11 leases last year alone that range from smaller last-mile fulfillment centers to largescale distribution facilities. Here are some things to watch:
• After a record-breaking level of supply last year — approximately 18 million square feet — the construction pipeline is still booming with more than 16 million square feet of space underway at the end of the first quarter. Much of the new supply is in the Southwest Valley, where the region’s proximity to California and relative affordability has fueled demand for manufacturing and distribution space.
• Average asking rental rates soared to a record high of $0.65 per square foot on a triple-net basis. Rent growth in Phoenix recently outpaced the national average, but despite the steady increase, the market maintains its affordable position when compared with nearby major regions in California.
• Investors remain bullish on the Phoenix industrial market, and buyer competition has put an upward pressure on pricing as sales prices averaged an all-time high of $139 per square foot in the first quarter.
SkySong 5 earns coveted LEED Gold certifcation
SkySong, The ASU Scottsdale Innovation Center’s fifth office building has earned the prestigious LEED Gold certification for its sustainability and environmentally friendly construction.
The six-story, 151,000-square-foot office and research building in the heart of the SkySong complex is the first building in the project to receive LEED Gold certification from the U.S. Green Building Council. The other four office buildings are LEED Silver certified. All have been developed with a commitment to healthy, environmentally friendly design — part of SkySong’s “Culture of Health and Innovation.”
Leadership in Energy and Environmental Design (LEED) is a certification program that sets the standard for environmentally responsible construction in the U.S. Buildings are measured based on the number of points they earn across such green-building categories as energy, water, indoor environment, location and materials.
“This certification means that the newest building at SkySong is also one of the greenest buildings in the entire Phoenix metro area,” says Sharon Harper, chairman and CEO of Plaza Companies.
Plaza Companies is the master developer of SkySong, in partnership with ASU University Realty, City of Scottsdale and Holualoa Companies.
PARK CENTRAL ADDS ROBOT
to project’s security team
Visitors to Park Central in Phoenix may see a new member of the property’s security team — one that looks straight out of a science-fiction movie.
But ‘Parker’ — the new security robot at the retail and office development — is no fictional character. He provides Transcend Security Solutions with one more set of “eyes” cruising around the grounds.
Parker is one of the few security robots in the Valley. His presence at a project where the past is meeting the future further enhances the commitment to innovation and technology that Park Central is becoming known for.
The bullet-shaped, wheeled robot is a Knightscope K5 autonomous outdoor security robot that runs 24/7 on its own, including autonomously recharging itself without any human intervention. The 398-pound, 5-foot-2.5-inch tall machine boasts a maximum speed of 3 miles per hour, but unlike its more famous movie counterpart, this RoboCop is designed for surveillance — not action. It uses a variety of sensors, such cameras, radar and thermal imaging, to detect crime.
Sharon Harper, chairman and CEO of Plaza Companies, one of the co-developers of Park Central, says the eye-catching robot is ready to hit the development’s sidewalks.
“Parker is a fun addition to Park Central but with a serious purpose,” Harper says. “We are always looking for ways to innovate at our properties, and that includes making sure guests are as safe and secure as possible. Parker will help us achieve that goal by providing a modern, automated resource to augment our security team.”
Phoenix ranks No.
AMONG MOST POPULAR RELOCATION DESTINATIONS
Phoenix ranked fourth among last year’s most popular relocation destinations for renters in the U.S., according to a report from STORAGECafé. Many of these new Phoenicians are from Arizona. Here are the Top 10 originating cities interested in Phoenix:
Glendale Scottsdale Mesa Tempe Peoria Tucson Avondale Chandler Surprise Tolleson
SDB Contracting makes major impact on PCH
SDB Contracting Services has reached the $100,000 in lifetime giving amount to Phoenix Children’s Hospital. SDB, which has been committed to Phoenix Children’s for more than 20 years, has a long history of corporate philanthropy with hospital. It made its first impact nearly 30 years ago with an initial donation of $1,800.
WHAT’S COMING IN 2021?
ARIZONA COMMERCIAL REAL ESTATE
AZRE Forum is bringing together Arizona’s most influential commercial real estate leaders for a mid-year industry update. Connect, learn and network with the most impactful commercial real estate leaders at the 2021 AZRE Forum.
THE CLAYTON HOUSE AUGUST 5 2021
3:00-6:00 PM
Ben Gottlieb MacQueen & Gottlieb
Boston Chauthani Taylor Street Advisors
Bob Mulhern
Colliers
Steven Hensley
Belfiore Real Estate Consulting
Greg Vogel Land Advisors
Patrick MacQueen MacQueen & Gottlieb
Tony Lydon
JLL
Cliff David
Marcus & Millichap/IPA
Rob Martensen Colliers
Kristen Stephenson
GPEC
Kimberly Rollins
CPI/CORFAC International
Laurel Lewis
NAI Horizon
