Arizona Business Highlights

Posted By Mike Padgett

Sept. 22, 2008

Jacobs named executive director

One of the top producers in the Phoenix office of Cushman & Wakefield has been named an executive director. Jerry Jacobs received the new office title because of his high production over the past three years, his participation as a leader in the office, and his volunteer work in the community.

“Jerry is an invaluable member of our Cushman & Wakefield brokerage group,” says Tom Johnston, senior managing director of the company’s Phoenix operations.

Jacobs is a 23-year veteran of the commercial real estate industry. Since joining Cushman & Wakefield in 2002, he has earned the title of Phoenix Top Producer award three times and another honor for completing the most transactions annually three times.

In the last three years, Jacobs has completed 338 leases totaling 4 million square feet and 14 sales totaling 2.4 million square feet.

Colliers International’s new Web site

A global commercial real estate services company is launching a new Web site designed as a source of up-to-the-minute news about its company.

Colliers International’s new site, called Colliers News, will be targeting the news media and the general public. Its features include:

• A central repository of all Colliers news from around the world.

• A searchable database of current and past press releases.

• RSS feeds allowing users to receive the latest press releases.

• A single point of access for media, both global and local.

• Links to local Colliers Web sites.

• Access to all global public relations contacts.

CBRE donates to PCH

The Phoenix office of CB Richard Ellis has donated $35,000 to Phoenix Children’s Hospital’s upcoming 10th annual golf tournament.

The tournament is scheduled Nov. 21 at the McCormick Ranch Golf Club in Scottsdale. It is a major part of the children’s hospital’s annual fundraising efforts.

Other donations from CBRE’s recent golf tournament were given to the Boys & Girls Clubs of Metropolitan Phoenix; Ryan House; Ashley Anderson Memorial Fund; Autism Society of America – Greater Phoenix Chapter; Save the Family Foundation of Arizona; and ChildHelp.

Phoenix hosts work for new senior center

Work is starting on a new affordable housing project for low-income senior citizens.

The new gated development at 1130 E. Monroe St., called McCarty on Monroe, will have 69 modern apartments. It will replace 24 outdated housing units. It is designed for low- and very low-income seniors, and it is the first city-sponsored, low-income housing tax credit (LIHTC) project in the downtown area.

The existing property was developed as the McCarty Apartments in 1963 by real estate broker Leon McCarty.

LIHTC funds were made possible through the Arizona Department of Housing with additional funds from city of Phoenix bond funds. Other project partners include Citicorp USA Inc.; Cohen & Grigsby; CSG Advisors; and the U.S. Department of Housing and Urban Development. Orcutt Winslow is the architect. Weitz Construction is the general contractor.

Credit union helps Arizona Saves

Desert Schools Federal Credit Union presented a $10,000 check to a nonprofit group that offers money management workshops to families of all income levels.

The group, Arizona Saves, helps Arizonans become self sufficient through homebuyer education workshops and other educational programs that teach healthy money management skills.

In 2003, “people were looking for information about real estate investing and first-time home buying,” says Emma Garcia, director of the credit union’s community development.

“Today, we’re seeing an education shift towards savings strategies, refinancing and avoiding foreclosure,” she said.

Sep 22nd, 2008

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