SD Metro – Real estate investment, development, and advisory firm Capstone Advisors has added Jay Matthes as chief operating officer, further solidifying its expertise in investing, managing and developing a wide variety of real estate assets in key markets and positioning the firm for continued growth… Read the Full Feature.
New COO Brings Extensive Senior Management Experience to Capstone Advisors
Jay Matthes To Lead Company Operation and Asset Management Strategy at Notable Southern California-Based Firm
Carlsbad, Calif. – Oct. 5, 2021 – Real estate investment, development, and advisory firm, Capstone Advisors adds Jay Matthes as chief operating officer, further solidifying its expertise in investing, managing and developing a wide variety of real estate assets in key markets and positioning the firm for continued growth.
An experienced senior executive, Matthes has led both operational and financial aspects of retail, office, industrial, multifamily and hotel investments and developments throughout the U.S. In his most recent role as executive vice president at American Realty Advisors, he led a team of 10 asset managers and staff, overseeing a $1.6 billion retail investment portfolio totaling over 5.4 million square feet. Prior, as director of asset management for Grosvenor Investment Management, Matthes managed a 4.3 million square feet portfolio of office, retail and industrial properties as well as 1,300 apartment units located throughout major U.S. markets.
“Jay brings strong industry relationships and an excellent reputation as a talented, thoughtful and accomplished executive,” said Alex Zikakis, president of Capstone Advisors. “His breadth and depth of knowledge managing diverse asset classes and leading high performing teams is well-suited for his new role as Capstone Advisors’ COO. We’re slated for growth and adding Jay to our executive team further positions us to successfully increase and diversify our portfolio in our existing, as well as new, markets.”
A real estate expert who’s cultivated relationships with tenants, leasing and investment sales professionals, institutional investors and other key industry participants, Matthes’ role at Capstone Advisors will rely heavily on developing key relationships in new markets, leading company operations and managing overall asset strategy for the company’s growing portfolio.
“Capstone Advisors has spent the last 25 years thoughtfully investing and changing with the fluctuating real estate market to always remain profitable, relevant and successful,” said Matthes. “To join such a creative and successful team in a unique period of strong investment opportunity is exhilarating both professionally and personally. I’m excited to take part in what the future holds for the company.”
Capstone Advisors is well-positioned to continue a sizeable growth period due to its excellent relationships, strong capital base and the diversified skill set of the company. The addition of Matthes as chief operating officer will further Capstone Advisors’ ability to continue to capitalize on opportunities to thoughtfully grow its portfolio while ensuring the company is aptly prepared to manage additional expansion.
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Chandler building sold that houses Native Grill & Wings headquarters
Phoenix Business Journal – The Chandler building that houses the headquarters of Valley-based chicken wing chain Native Grill & Wings has been sold to a California investor. Read the Full Feature.
74,525-SF Industrial, R&D Property in Chandler, Ariz., Sells for $14Mln
Commercial Real Estate Direct – San Diego Business Journal Capstone Advisors has paid $14 million, or $187.86/sf, for Galveston Tech Center, a 74,525 square-foot industrial and research and development property in Chandler… Read the Full Feature.
Capstone Advisors Acquires Arizona Property
San Diego Business Journal – Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired an Arizona industrial and office building for $14 million. The Galveston Tech Center in Chandler was 92% occupied at the time of sale. Read the Full Feature.
Capstone Advisors Acquires Galveston Tech Center in Phoenix Area’s Corporate Epicenter
Carlsbad, Calif. – August 2, 2021 – Capstone Advisors, a diversified real estate investment, development, and advisory firm, has announced the acquisition of the 74,525 sqft. Galveston Tech Center in Phoenix. The Galveston Tech Center, located in Chandler, Arizona – the heart of the Phoenix metro area and a sought-after corporate hub – was purchased at 92% occupancy, with Fortune 5 healthcare company CVS Health and semiconductor tech firm Qorvo included in the list of impressive tenants.
“We’re pleased to add Galveston Tech Center, an ‘as-good-as-it-gets’ multi-tenant industrial/flex asset in the dynamic west-Chandler market,” said Alex Zikakis, president of Capstone Advisors. “West Chandler is the heart of the Silicon Desert, with excellent demographics, strong growth, and home to a wide collection of corporate tenants. We enjoyed working on another acquisition with Steve Lindley of Cushman and Wakefield and look forward to continuing to add to our Phoenix-area portfolio.” Share this post: Shopping Center Business – Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located within Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million. Salad and Go occupies the property under an absolute triple-net, 20-year ground lease. The restaurant opened for business at the newly constructed building in mid-June. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the deal. Read the Full Feature. REBusiness Online – Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located with Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million. Salad and Go occupies the property under an absolute triple-net, 20-year ground lease. The restaurant opened for business at the newly constructed building in mid-June. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the deal. Read the Full Feature. The Daily Transcript – Carlsbad-based Capstone Advisors on Tuesday announced the sale of a residential project in La Quinta, Calif., and a Salad and Go restaurant in Phoenix. Capstone sold Piazza Serena, a residential land asset in La Quinta with 60 finished lots, for $9 million to Richmond American Homes. Capstone was represented in the sale by Marc Kleiman of Province West. Piazza Serena offers expansive views of the surrounding Santa Rosa Mountains and has lot sizes averaging one quarter acre. “We’re pleased to continue our partnership with Richmond American Homes through another successful land transaction,” Mark Hayden, vice president of development at Capstone Advisors, said in a statement. Read the Full Feature. San Diego Business Journal – Capstone Advisors based in Carlsbad has sold a development site in La Quinta and a drive-through restaurant in Phoenix. The 60 finished lots of Piazza Serena were sold for $9 million to Richman American Homes…Capstone Advisors was represented by Marc Kleiman of Province West in the Piazza Serena transaction. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone Advisors in the restaurant sale. Read the Full Feature.Capstone Advisors Sells Salad and Go-Occupied Restaurant Building in Phoenix for $3.7 Million
Capstone Advisors Sells Salad and Go-Occupied Restaurant Building in Phoenix for $3.7M
Capstone Sells Assets in La Quinta, Phoenix
Capstone Advisors Sells Land and Restaurant