VOL 5 | SUMMER | 2015 ArizonA Sior ChApter · 2015. 9. 11. · Elliot D. Pollack & Company The...

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Fall-Winter 2015 Upcoming Chapter Events

VOL 5 | SUMMER | 2015

ArizonA Sior ChApter

ARIZONA CHAPTER HOSTS NY TIMES BEST SELLING AUTHOR JAMES RICKARDS

Questions about SIOR, becoming a Member or Corporate Sponsor? Please contact our Chapter directly:

3104 E. Camelback Rd., #185 Phoenix, AZ 85016

P 602.418.2500 F 602.840.1194

In May the Arizona Chapter hosted best selling author James Rickards for a speaking event. Rickards is the author of New York Times bestseller, The Death of Money, and national bestseller, Currency Wars. James has been interviewed numerous times on BBC, CNN,

NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Over 70 SIOR’s, sponsors and guests attended the event. Mr. Rickard’s presented the standing room only crowd with a compelling story that culminated into a lively Q & A session. Afterwards, the

chapter hosted a cocktail reception for all attendees. Finally later that evening, Chapter Officers hosted an exclusive VIP dinner with James and the Platinum and Gold Level Sponsors. VIP dinner attendees received a signed copy of Death of Money.

2015 SponsorsPLATINUM: Cohen Asset Management, Merit Partners, Renaissance Companies, The Rockefeller GroupGOLD: CBRE, DCT Industrial, Duke Realty, Ryan Companies, XceligentSILVER: Bank of America/Merrill Lynch, Cawley Architects, CDC Small Business Finance, Chicago Title Agency, Colliers International, Cushman & Wakefield, Dermody Properties, Desert Schools FCU, Deutsch Architecture Group, EastGroup Properties, EJM Development, GCTA Title Agency, JLL, Landmark Title Assurance Agency, Lawyers Title, LBA Realty, Liberty Property Trust, Opus Development Company, Overton Moore Properties, Parkway Realty Services, PICOR/Cushman & Wakefield, Prologis, Security Title Agency, Seefried Industrial Properties, Sun State Builders, Thomas Title & Escrow, Tratt Properties, LLC, Umpqua Bank, Wells Fargo SBA Lending, Wentworth Property Company Willmeng Construction

Rickards at International Finance Forum in Seoul keynoting with Bernanke the day before our Arizona SIOR event.

Jim Rickards presents to a standing room only crowd of SIOR’s, Sponsors and Guests at the Hermosa Inn

L to R: Jim Rickards, Mark DiSabato ,SIOR

L to R: Phil Breidenbach, SIOR, Mike Garlick, SIOR and Kylie Cook, Thomas Title

Plenty of refreshments on hand at every SIOR event!

L to R: Jerry Noble, SIOR, Andy Markham, SIOR

L to R: Lance Ross, SIOR, Sherm Cawley, Cawley Architects

L to R: Rob Martensen, SIOR, Jim Rickards, Pat Feeney, SIOR

L to R: Jim Wentworth, Jeff Foster, Ryan Russell, Margaret DiSabato, John Filli, SIOR

2015 FALL WORLD CONFERENCE - OCTOBER 8-10, 2015 VISIT WWW.SIOR.COM FOR FURTHER INFORMATION

September 17, 2015SIOR

Annual Economic ForecastSeating Begins: 3:00PM

Presentation: 3:30PM to 4:30PM Cocktail Hour: 4:30PM to 6:00PM

Jim Rounds Senior Vice President

Elliot D. Pollack & CompanyThe Henry

4555 E. Camelback Road | Phoenix, Arizona

November 18, 2015GPEC – Sky Harbor Airport

OverviewTime: TBD

Stay Tuned For Details!

Event Location: Sky Harbor Airport

December 3, 2015SIOR Holiday Party6:30 PM to 10:00PM

Spouses and Significant Others

Welcome

El Chorro 5550 E. Lincoln Drive

Phoenix, Arizona

S AV E T H E D A T E S !

All Events Are Reserved for Chapter Members & Sponsors. By Invitation Only

Past Presidents CornerRobert Glaser, SIOR, CCIM 1999-2000

Robert Glaser has been active as a real estate agent since 1977. He joined Cushman & Wakefield |PICOR in their first year in 1985 and remains Cushman & Wakefield | PICOR’s Top Producer. A company Principal, Rob specializes in industrial

real estate. He is recognized throughout the Tucson real estate community as a top industrial broker, and is one of only three Tucson commercial real estate professionals who hold both the CCIM and SIOR designations. He has a high level of expertise in business park sales and leasing, as well as industrial land and building sales. A member of the Cushman & Wakefield Industrial Forum, Rob has also successfully coordinated and completed a number of build-to-suit transactions. Mr. Glaser served as Chapter President from 1999 to 2000. Rob can be reached at 520-546-2707 or [email protected]

Thank you Rob for your service!

Member SpotlightJohn G. Soldo, SIOR

John G. Soldo obtained his SIOR designation in 2010 and has proudly served on the SIOR Arizona Board of Directors since day one. With over 20 years experience in Industrial Real Estate Sales and Leasing, John specializes primarily in the Sky

Harbor and Southeast Valley Industrial submarkets. His knowledge and expertise in those markets has designated him as a Top 10 Producer at both Commercial Properties and Colliers for multiple years.

John received his Real Estate License from the Arizona School of Real Estate and he attended Arizona State University. He served honorably for 5 years in the U.S. Navy (1987-1992) and was stationed on both the USS Henry B. Wilson (DDG-7) and the USS Halsey (CG-23).

Married almost 8 years, John spends most of his spare time with his wife Lizette and their two boys, Evan (5) and Jason (1).

Always willing to volunteer for committees or take on the more challenging tasks, John has been outstanding contributor to our chapter.

Mr. Soldo will continue to play a more active role as our Secretary-Treasurer commencing October 1st. John may be contacted at 602.989.4584 or [email protected]

Thank you John for your contribution and leadership!

SIOR Members Report Completed TransactionsThe Arizona Chapter is pleased to highlight the following transactions recently completed by SIOR members. SIOR consists of the highest producing professionals in the industry, closing on average more than 30 multi-million dollar transactions per year. Members are encouraged to submit their completed transactions to [email protected].

$17,850,000 – Sale 180,480 SF

2299 W. Obispo Avenue, Gilbert, AZ

Buyer: Walton Street Capital LLC Seller: J.L. Bates LLC

Andy Markham, SIOR DTZ

$682,000 – Lease 28,971 SF

2700 E. Executive Drive, Tucson, AZ

Tenant: GW Plastics, Inc. Landlord: 2700 Executive Properties LLC

Russell Hall, SIOR Cushman & Wakefield/PICOR

Lease 60,000 SF 1171 N. Fiesta Blvd., Gilbert, AZ

Tenant: Ferguson Plumbing Supplies Landlord: Myron Zimmerman Investments

Stein Koss, SIOR Tom Louer, SIOR Lee & Associates

$1,200,000 - Sale 26,000 SF

17431 N Black Canyon Hwy, Phoenix, AZ

Buyer: Armored Nation LLC Seller: Bereg Realty LLC

Mark DiSabato, SIOR Atlantis Commercial

$2,780,000 – Sale 32,151 SF

2420 N. Nevada Street, Chandler, AZ

Buyer: CLC Engineering Seller: Sussex Partners

John G. Soldo, SIOR Commercial Properties, Inc.

$13,900,000 – Lease 75,291 SF485 N. Juniper Drive, Chandler, AZTenant: DaVita RX, LLC Landlord: RG – McClintock LLCPhil Breidenbach, SIOR Rob Martensen, SIOR Paul Sieczkowski, SIOR Colliers International

Executive CommitteePresidentMark DiSabato, SIOR Atlantis Commercial, [email protected]

Vice President Mark Gustin, SIOR, CCIMJones Lang [email protected]

Secretary / TreasurerRob Martensen, SIOR, CCIMColliers [email protected]

Communications / WebsiteJohn G. Soldo, SIORCommercial Properties, [email protected]

Member / AdmissionsJerry Noble, SIORCushman & [email protected]

SponsorshipPatrick Feeney, Jr., [email protected]

Member RetentionStein Koss, SIORLee & Associates [email protected]

Programs DirectorMarc Hertzberg, SIORJones Lang [email protected]

Past Presiding President2011-2012Matt Hobaica, SIORLee & [email protected]

Brisk Leasing Buoys Industrial Market Reprint from Globe Street August 14, 2015

By Kristian Seemeyer | Phoenix PHOENIX—While net absorption is down for the same period a year ago, leasing activity is significantly up, according to the second quarter industrial report released by Cushman

& Wakefield of Arizona, Inc.“Although net absorption is down year-over-year by almost 400,000 square feet, Phoenix is on track to finish 2015 strong, as leasing activity is up by 2.3 million square feet from this time last year,” says Jackie Orcutt, market leader, investor services with Cushman & Wakefield. “Cushman & Wakefield is tracking more than four million square feet that has been executed, but has yet to occupy, pushing for a strong third and fourth quarter in the latter part of the year.”The largest lease signed in 2Q 2015 was Tuesday Morning, 593,600 square feet at the Liberty Logistics Center in Southwest Phoenix. Other notable leases included Mattress Firm 170,000 square feet, also in Southwest Phoenix; and Home Depot, 111,349 square feet, in the North Tempe submarket. Also

moving in later in 2015 are Aligned Energy with 545,176 square feet and Hunter Douglas with 161,700 square feet.“Much of the current year’s absorption is from mid-sized users ranging between 60,000 and 160,000 square feet,” Orcutt says. “This is especially true in the airport and west Phoenix submarkets. More than three million square feet of space is under construction in Metro Phoenix. After six months, 3.313 million square feet have already been completed and delivered to the market. The majority of the space delivered so far is in the Southwest Valley, although second quarter completions included 222,470 SF (three buildings at Park Ladera) in Northeast Phoenix, 237,000 square feet (Shutterfly) in North Tempe and 208,339 square feet (Park Lucero) in Gilbert.Rental rates have responded to market conditions, ranging from a low of $0.39 per square foot (Southwest Valley) to a high of $1.01 (Scottsdale/Northeast Phoenix). Overall vacancy rate for the second quarter is 12.7%. Tempe comes in the lowest at 10.2 percent.

As the end of summer approaches, so too does the end of my term as your president. The chapter presidency runs for a two year term that commences on October 1st and ends on September 30th two years later. The reason for starting the term year in October rather than January is so that the

Chapter President and VP can begin each term year by attending the Chapter Officers and Presidents Meetings (COPS) that are held at the SIOR Fall World Conference each October. I won’t bore you with the details but COPS is where we receive our marching orders for the coming year. By the way, it’s been a great place to exchange ideas and collaborate with SIOR leaders from around the world. On October 1st, Mark Gustin will become your new president! Mark received his SIOR designation in 2009 and began proudly serving on the chapter board soon afterwards. He has been a valuable asset to me and to our chapter as Vice President, attending all meetings, events and conferences. Mark is a natural leader and most of all, a great guy! I have every confidence that our chapter will be well served with Mr. Gustin at the helm!

We have made great strides as a chapter! Membership is growing as well as sponsorships. Event attendance continues on an upward trend. Our financial position has never been stronger giving us the resources by which to provide you with top-tier speakers and trend setting events. Our primary goal is to always stay ahead of industry trends and provide events that inform and educate our members.In closing, words cannot express the gratitude that I feel for having the privilege of being your president during these past years. It has been a true honor and one that I will always look back on with fond memories. Thank you to all of our Sponsors for their generous support. Much appreciation and thanks also goes to our Regional Director, Robert Thornburgh and Board Members Mark Gustin, Rob Martensen, John Soldo, Pat Feeney, Jerry Noble, Marc Hertzberg, Stein Koss and Matt Hobaica for their unwavering support. I also want to thank Ally Lee for her tireless effort and last but not least my wife Margaret who spent countless hours planning the minuet details of all of our fabulous events.I have every confidence you will find that our organization will continue to thrive in the years ahead! Thanks again and I look forward to seeing all of you at the coming events!Best always, Mark DiSabato Chapter President

PRESIDENT’S MESSAGE

New SIOR Board Members Selected!With the new leadership term fast approaching, upcoming President Mark Gustin has selected his leadership team. Board members will serve for a two-year term commencing October 1, 2015 through September 30, 2017. Congratulations to all!

Candidate Members Committee Assistants: Josh Wyss, DTZ – Sponsor Assistant to Pat Feeney, SIOR Matt McDougal, Lee & Associates – Programs Assistant to Mike Garlick, SIOR

Mark Gustin JLL – President

Rob Martensen Colliers – Vice President

John Soldo CPI – Secretary/Treasurer

Pat Feeney CBRE – Sponsorship Director

Allen Lowe Lee & Associates – Admission/Retention Director

Mike Garlick NGKF – Programs Director

Mark DiSabato Past Presiding President – Atlantis Commercial