People on the Move

Industry Professionals 09-15-20

Awards & Accolades  1. Keith Stanton, ASID, NCIDQ, CHID – Director of Design Development at Thoma-Holec Design, was named the 2020 Designer of Distinction by ASID AZ North, recognizing his high-quality body of work.  2. The Phoenix Business Journal has

People on the Move

Industry Professionals 09-08-20

Awards & Accolades  1. Sundt Construction, Inc. ranks No. 67 on the National Center for Employee Ownership’s Top 100 largest majority-employee-owned companies list and No. 8 within the construction industry.  Boards & Commissions  2. The Federation of Defense

Commercial Real Estate

Commercial Real Estate Transactions 09-08-20

Sales Transactions  1. RK Properties has sold Northern Greens Apartments, a 420-unit multifamily property located in Gilbert, for $55.5M on behalf of one of its tenant–in-common 1031 exchange investment programs and the RK Opportunity Fund III.  2. Mark IV Capital, Inc. purchased Perimeter

Budgets & Funding

COVID-19 News Round-up for September 4

Economic News  Pandemic Exposes Stress in Commercial Property Financing  The severity of the COVID-19 crisis has revealed extreme stresses in one of its primary sources of commercial property financing; the $1.4T market for commercial mortgage-backed securities. “I don’t think anyone foresaw the devastation

Local News

Arizona Projects 09-04-20

Awards & Accolades  1. Avondale’s Festival Fields Park, which recently underwent a $19M expansion and renovation, was named Outstanding Facility of the Year by the Arizona Parks and Recreation Association.  2. The AZ Water Association has recognized EPCOR USA with its 2020 Water Project

Budgets & Funding

COVID-19 News Round-up for September 1

Budget, Policy & Stimulus News  New PPP Rules Could Change Forgiveness Calculations  New rules issued by the Small Business Administration could make some Paycheck Protection Program borrowers’ rent or mortgage interest payments ineligible for forgiveness. Generally, the rules of

People on the Move

AMA's Hosts 28th Annual Tribute Awards

Source: Arizona Multihousing Association  Each spring, the Arizona Multihousing Association (AMA), the statewide trade association for the apartment industry, hosts its annual Tribute Awards program.  Arizona’s apartment industry annually generates 22,000 jobs, $699M in wages and $3.8B in economic output. Events such as the Tribute

People on the Move

Industry Professionals 09-01-20

Giving Back  1. Resolution Copper is donating up to $780K this year to assist organizations throughout the broader community during the ongoing COVID-19 crisis. Groups that have received Resolution Copper’s COVID-19 relief funds include Local First Arizona, Cobre Valley Youth