Category Archives: Broker Recognition

Park, Ryan look to develop 36 acres in Gilbert

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The Park Corp. has reached a deal with Ryan Cos. to develop 36 acres of commercial property at the southeast corer of Val Vista Drive and Pecos Road in Gilbert.

Gilbert Growth Properties LLC — an arm of Cleveland-based Park — owns the land and has picked Ryan to develop the property into office and medical buildings near Loop 202 in the East Valley.

The build-to-suit development is called Val Vista Square.

Ryan has a number of notable Valley developments, including ASU Research Park and Marina Heights in Tempe.

NAI Horizon’s Lane Neville, Barbara Lloydand Holly Brock will market the property for Park and Ryan.

–  | Senior Reporter | Phoenix Business Journal

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Commercial Executive: NAI Horizon Sells Islands Village Shopping Center in Gilbert for $7.5M

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The Islands Village Shopping Center, located at 1422-1560 W. Warner Rd in Gilbert, Arizona just sold for $7.5M or $72.75 per square foot.  The 103,082 square foot retail anchored center is a multi-tenant property located at the heavily travelled intersection of Warner & McQueen. Gilbert is the fastest growing community in Arizona.  Voted 2nd Safest City and 8th Most Thriving City in the U.S., Gilbert boasts an impressive economic climate.  With 38.3% of residents holding a bachelor’s degree or higher and a median income of $76,574, Gilbert is home to rising technology companies growing and relocating within its borders.

The seller was represented by Barbara Lloyd and Lane Neville with NAI Horizon’s Investment Services Group.  This was an REO sale; the loan on the property was a commercial mortgage backed security (CMBS) loan.  The property had experienced distress due to the real estate recession and was foreclosed upon by the lender.  The property was purchased by BH Properties which marks the third commercial transaction in the Valley with NAI Horizon in the past two years.

To read more see the full report on Commercial Executive

Thad Seligman Named NAI Global 2014 Members’ Leadership Board Chair

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PHOENIX, AZ – February 5, 2014: Thad Seligman, President and CEO of NAI Horizon, was named Chairman of the NAI Global Members’ Leadership Board. The announcement was made today at the NAI annual convention in Las Vegas. NAI Global is the largest, most powerful global network of owner-operated commercial real estate brokerage firms.

“We are honored to have Thad serve in this role,” said Jay Olshonsky, President of NAI Global. “Thad’s commitment to the NAI Global board over the years is evident in the growth and strength of the organization. We are fortunate to benefit from his leadership.”

Thad Seligman

The Members’ Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and breed mutual trust and respect throughout the enterprise. It fosters and promotes activities, education and communication that elevate the level of engagement and productivity of Members, Agents and the Network at-large.

Seligman will also serve on the NAI Global Board’s Coordination Council, comprised of executive committee officers, past chairs, and NAI Global’s executive leaders. This group assures the alignment of strategies, goals and objectives so that the organization can perform with the greatest degree of efficiency under a shared vision.

Thad is a 40 year veteran of the Commercial Real Estate industry and has served in executive positions with both regional and institutional brokerage and development companies. He has served as President/CEO of Horizon Real Estate Group for the past 8 years and is responsible for the strategic growth and development of Horizon’s brokerage, appraisal and property management operatons.

NAI Horizon has served the greater Phoenix commercial real estate market for over 23 years and recently announced the opening of their Tucson office.

NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global Member firms span 55 countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually. Supported by the central resources of the NAI Global organization, member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

To learn more, visit www.naiglobal.com.