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Acquisition & Development

Tiempo’s acquisition & development team has more than 30 cumulative years of experience taking ideas from inception through project construction. Our knowledge includes single-family housing, multi-family housing, and commercial and industrial development in urban and rural areas. Having a hands-on approach, we work with the owner, contractor, and design team to deliver the project on time and on budget. Our extensive management enables us to be a professional guide in the design and construction of any development project. Please refer to the tabs below for detailed information about our services, portfolio, and staff.

Our full-service commercial property management services include:

  • Property operations oversight and review
  • Preparation of annual budgets and forecasts
  • Monthly variance reporting
  • Accounts receivable, payable and collections
  • Capital forecasting and cash management
  • Year end reconciliations and billing
  • Vendor services bidding and selection
  • Tenant sales collection and reporting
  • Tenant sales audits (third party)
  • Development and construction management
  • Rent valuations and negotiations

 

Tiempo’s current portfolio includes more than 285,000 ft2 in commercial real estate and our team’s experience covers:

  • Retail Development
  • Mixed-Use Development
  • Public Private Financing
  • Land Planning
  • Architecture
  • Tenant Coordination
  • Construction Management
  • Legal
  • Marketing
  • Property Management
  • Site Acquisition
  • Entitlement

 

Our current portfolio includes the following:

Buckeye Commerce Center

Buckeye Commerce Center is 40,000 ft2 development located in Downtown Phoenix, Arizona, in a highly-desirable location, sandwiched between Interstate 10, Interstate 17, and Sky Harbor International Airport. This mixed-use center is 70% leased and is home to retail outlets, quick-service restaurants, and several professional agencies.

Construction on the property began in 2008 and was completed in 2009, with Tiempo’s team managing the land purchase (with funding from CPLC, Wells Fargo, an Economic Development Administration grant, and a private investor), permitting, building siting, architectural design, and interior build-outs.

This newly-built complex is well-appointed with:

  • beautiful park-like outdoor areas with desert landscaping
  • reserved parking in lighted lot
  • covered parking
  • on-street signage
  • elevator access to second floor
  • community restrooms and water fountains
  • phone, internet, fax, satellite TV, and copier-ready
  • janitorial services and utilities (heating, air conditioning, lighting, & electrical) included
  • gate-secured property
  • 24/7 emergency security

Casa Del Pueblo Apartments – Phase II

Casa Del Pueblo is a HUD 221 (d) project rental assistance contract (PRAC) community located in South Tucson, Arizona. This community has provided subsidized housing for the elderly (age 62+) and mobility impaired since 1997.
On March 24, 2011, Tiempo officially opened an additional 38 one-bedroom units at Casa Del Pueblo, bringing the total to 96. The expansion included such upgraded amenities as:

  • fitness center specially-fitted for seniors
  • computer lab with free Internet access and integrated printing capabilities
  • three recreational rooms equipped with entertainment systems, large-screen televisions, pool table, and movie library
  • three laundry facilities
  • full-service kitchen
  • covered ramada with outdoor kitchen
  • meditation garden
  • book library
  • in-unit integrated pull-chains for medical emergencies

The new, environmentally-conscious addition included energy-efficient appliances, doors, and windows and in-unit ceiling fans throughout. Landscaping consisted of a combination of xeriscaping and low-water-use plants. Total construction time was nine months.

CPLC Housing Services – Nogales

The CPLC Housing Services building is a HUD RHED Rural Community Facilities Grant-funded development located in a highly-desirable location on the main thoroughfare in Nogales, Arizona, just one mile from the Arizona-Mexico border. This property is home to Chicanos Por La Causa’s housing counseling, self-help housing, and NSP2 rehabilitation contractors.

This 2,200 ft2 property was purchased in Spring 2011, with Tiempo’s team managing the purchase, interior build-outs, and tenant improvements.

Amenities for this building include:

  • private parking lot
  • covered front entry
  • executive conference room
  • central reception area
  • community restrooms and water fountains
  • kitchenette
  • phone system, internet, fax
  • gate-secured property
  • janitorial services included

CPLC Social Services – Tucson

The CPLC Social Services building is located in the central business district of Tucson, Arizona, at 200 N. Stone. This property is home to Chicanos Por La Causa’s Southeastern Arizona Administration Offices, housing counseling, emergency assistance, and La Causa Development & Construction.

This 22,000 ft2 property was purchased in 2000, with Tiempo’s team managing the purchase, interior build-outs, and tenant improvements.

Amenities for this building include:

  • private parking lot
  • elevator access to second floor
  • two executive conference rooms
  • one associate conference room
  • 12 private offices
  • multiple cubical offices
  • 12 large classroom spaces
  • large lobby with central reception area
  • community restrooms and water fountains
  • full kitchen
  • phone system, internet, fax
  • internal fire & security alarm
  • sprinkler system for fire
  • ADA-compliant
  • janitorial services included

Mountain Pointe Apartments – Phase II

Mountain Pointe is a Low-Income Housing Tax Credit (LIHTC) apartment community in Nogales, Arizona, that provides affordable housing to residents with 30%, 40%, 50%, and 60% of the Area Median Income, as well as some market rate units.

Phase I opened in 2000, and in December 2010, Tiempo completed Phase II, a 60-unit addition comprised of  one-, two-, and three-bedroom units, bringing the total to 168 units with one-, two-, three-, and 4-bedroom floor plans.

Upgraded amenities include:

  • modern laundry center (in-unit laundry available in some units)
  • grand, custom-decorated recreational room with large, flat-screen television and full-service kitchen
  • state-of-the-art fitness center
  • covered playground with soft-surface foundation
  • covered ramadas with picnic tables and outdoor grilles
  • multiple bike racks
  • xeriscape landscaping
  • on-site management
  • 24-hour maintenance

Total construction time was nine months, and the project was funded by a real estate syndication group.

San Marina Apartments

San Marina Apartments is an NSP2-funded community located in West Phoenix, Arizona. This community was originally built in 1986, and was purchased by Tiempo in 2011.

Tiempo is leading a $2.3 million rehabilitation (rehab) on the property, which provides affordable housing to residents with 50% and 80% of the Area Median Income, as well as some market rate units. The rehab includes full interior remodels, landscaping, new asphalt, exterior paint, pool revitalization, and installation of a new Tiempo Learning Center.

Once completed, San Marina’s amenities will include:

  • three laundry facilities (in-unit laundry available in some units)
  • grand, custom-decorated recreational room with large, flat-screen television and full-service kitchen
  • state-of-the-art fitness center
  • covered playground with soft-surface foundation
  • covered ramadas with picnic tables and outdoor grilles
  • multiple bike racks
  • full-service Tiempo Learning Center with computer lab and free Internet access
  • 24-hour maintenance
  • crime-free community

The environmentally-conscious rehab includes energy-efficient appliances, doors, and windows and in-unit ceiling fans throughout. Landscaping consisted of a combination of xeriscaping and low-water-use plants.

Other properties in Tiempo’s extensive Acquisition & Development portfolio include:

Arizona Department of Economic Security – Somerton

In 1993, Tiempo developed and managed the Arizona Department of Economic Security’s 4,000 ft2 building in Somerton, Arizona. The development and management costs were $450,000.

Arizona Department of Economic Security – Somerton Expansion

In 1990, Tiempo completed the construction of a 1,800 ft2 addition to the Arizona Department of Economic Security’s building in Somerton, Arizona. The construction costs were $200,000.

CPLC’s Community Health & Human Services Center

In March 1999, Tiempo acquired a 5,500 ft2 office building located at 1046 E. Buckeye Road in Phoenix, Arizona. The purchase price was $495,000.

CPLC’s Day Care Center

Tiempo developed CPLC’s day care facilities in Central Phoenix. The development costs were $900.000.

CPLC’s Micro Loan Program

Tiempo developed an office building to house CPLC’s Micro Loan Program in Nogales, Arizona. The development costs were $1,100,000.

CPLC’s Phoenix Headquarters

Tiempo developed CPLC’s corporate headquarters, located in Phoenix, Arizona. The 10,466 ft2 facility houses CPLC's executives and Phoenix staff. The development costs were $462,300.

CPLC’s Small Business Incubator

In 1996, Tiempo acquired and remodeled a 6,000 ft2 office building in Somerton, Arizona, to house start-up small businesses. The acquisition and remodel costs were $300,000.

CPLC’s Tucson Headquarters

Tiempo acquired and renovated CPLC’s corporate headquarters, located in Tucson, Arizona. The 29,580 ft2 facility houses CPLC's Tucson staff. The acquisition and development costs were $185,000.

De Colores

In February 1999, Tiempo completed the construction of an apartment community in Phoenix, Arizona, for transitional housing for domestic violence victims. The construction costs were $940,000.

De Colores – Relocation

Tiempo developed a 3,600 ft2 apartment community in Phoenix, Arizona for transitional housing for domestic violence victims. The development costs were $450,000.

De Colores – Addition

Tiempo completed the expansion of 72 additional units in Phoenix, Arizona, for transitional housing for domestic violence victims. The construction costs were $1,200,000.

Gran Victoria Housing L.L.C.

In April 2000, Tiempo acquired nine communities comprised of 2,439 units with four classes of Industrial Development Bonds totaling $83.5 million. These communities range in size from 151 units to 486 units and are located throughout Phoenix, Arizona. Tiempo invested an additional $2.5 million on rehabilitation projects such as chiller systems, exterior paint, new asphalt, replacement roofs, office remodels, and landscape upgrades.

Migrant Headstart – Queen Creek

Tiempo completed the construction of a facility in Queen Creek, Arizona, for promoting school readiness by enhancing the social and cognitive development of children through the provision of educational, health, nutritional, social and other services to migrant and seasonal farm-worker children ages 0-5 and their families. The construction costs were $700,000.

Migrant Headstart – Somerton

In January 1999, Tiempo completed the construction of a facility in Somerton, Arizona, for promoting school readiness by enhancing the social and cognitive development of children through the provision of educational, health, nutritional, social and other services to migrant and seasonal farm-worker children ages 0-5 and their families. The construction costs were $600,000.

Migrant Headstart – Wilcox

Tiempo completed the construction of a 10,000 ft2 facility in Wilcox, Arizona, for promoting school readiness by enhancing the social and cognitive development of children through the provision of educational, health, nutritional, social and other services to migrant and seasonal farm-worker children ages 0-5 and their families. The construction costs were $982,000.

Migrant Headstart – Yuma

In 2008, Tiempo completed the construction of a 6,000 ft2 facility in Yuma, Arizona, for promoting school readiness by enhancing the social and cognitive development of children through the provision of educational, health, nutritional, social and other services to migrant and seasonal farm-worker children ages 0-5 and their families. The construction costs were $900,000.

Residential Subdivision – Nogales

From 1990 – 1992, Tiempo developed 117 lots for Phase I of a residential subdivision in Nogales, Arizona. The development costs were $4,000,000, and the total housing created was $9,945,000.

Self-help Housing

In 1991, Tiempo consulted on, designed, and constructed 141 low-income, self-help homes in Benson and Nogales, Arizona. The appraised value of the homes was $10,929,725.

Tiempo Inc.

Tiempo acquired and renovated Tiempo’s 6,595 ft2 corporate headquarters, located at 1107 E. Tonto Street in Phoenix, Arizona. The acquisition and development costs were $550,000.

Tucson Community Center

In March 1986, Tiempo acquired a 2,000 ft2 facility located in Tucson, Arizona. The building is now home to the Tucson Community Center, which provides recreational and nutritional services to the elderly and handicapped. The acquisition costs were $300,000.

Casa De Encanto Apartments

In May 1984, Tiempo acquired this HUD 202 Section 8 community for CPLC in Tucson, Arizona. This development, which is situated on 2.5 acres, provides 60 one-bedroom units for low-income elderly and handicapped. The acquisition costs were $2,275,500.

Casa De Flores Apartments

In 1987, Tiempo acquired this HUD 202 Section 8 community for CPLC in Safford, Arizona. This development provides 31 studio and one-bedroom units of subsidized housing for low-income elderly and handicapped residents. The acquisition costs were $1,009,600.

Casa De Primavera Apartments

In 1979, Tiempo acquired this HUD 202 Section 8 community for CPLC in Phoenix, Arizona. This development provides 162 one-bedroom units of subsidized housing for low-income elderly and handicapped residents on five acres. The development costs were $5,316,200.

Casa De Román Apartments

In December 1998, Tiempo acquired a Low-Income Housing Tax Credit and conventional financing community in Somerton, Arizona. This development provides 48 two- and three-bedroom units of low- and very low-income housing in rural Yuma County. The development costs were $3,200,000.

Casa Del Pueblo Apartments – Phase I

In 1997, Tiempo acquired this HUD 202 Section 8 community for CPLC in Tucson, Arizona. This development provides 58 one-bedroom units of subsidized housing for low-income elderly and handicapped residents. The acquisition costs were $2,847,629.

Gene Rice Apartments

In 1990, Tiempo acquired this HUD 202 Section 8 community for CPLC in Peoria, Arizona. This development provides 84 studio and one-bedroom units of subsidized housing for low-income elderly and handicapped residents. The acquisition costs were $3,311,300.

Grant Park Apartments

In 2001, Tiempo acquired this community for CPLC in Phoenix, Arizona, as a joint venture with the Greater Phoenix Urban League. This development provides 52 studio and one-bedroom units of housing for low-income elderly and handicapped residents.

Guadalupe Barrio Nuevo Apartments

In 1993, Tiempo acquired this HUD 202 Section 8 community for CPLC in Guadalupe, Arizona. This development, which is situated on 2.6 acres, provides 60 two-, three-, and four-bedroom units of subsidized housing for low-income elderly and handicapped residents. The acquisition costs were $2,767,100.

Guadalupe Huerta Apartments

In 1985, Tiempo acquired this HUD 202 Section 8 community for CPLC in South Phoenix, Arizona. This development, which is situated on 2.6 acres, provides 42 studio and one-bedroom units of subsidized housing for low-income elderly and handicapped residents. The acquisition costs were $1,427,300.

Mountain Pointe Apartments – Phase I

In December 2001, Tiempo developed and constructed this Low-Income Housing Tax Credit community with the Richmond Group for CPLC in Nogales, Arizona. This development provides 108 three- and four-bedroom units of affordable housing to residents with 30%, 40%, 50%, and 60% of the Area Median Income, as well as some market rate units.

Santa Cruz Apartments

In September 1993, Tiempo acquired this conventional community for CPLC in South Tucson, Arizona, with financing from the Tucson Industrial Development Authority through the sale of tax credits. This development provides 132 studio, one-, and two-bedroom units of housing for low-income elderly and handicapped residents. The acquisition costs were $1,221,630.

 

Andres L. Contreras, Vice President of Acquisition and Development

Andres L. Contreras currently serves as the Vice President of Commercial Property Operations. Mr. Contreras possesses more than 20 years of community-focused non-profit and for-profit program experience and has worked with a variety of entities including schools and businesses, as well as local, state, and federal government.

His experience includes extensive involvement in strategic planning and program development in the areas of prevention, workforce development, elderly services, behavioral health, housing, child & family welfare, immigration services, emergency assistance, human resources, and commercial development & acquisition providing direct services and overall program oversight and leadership.

Mr. Contreras has a Bachelor of Science Degree in Human Services Management from the University of Phoenix and a Master in Business Administration Degree from the Ken Blanchard School of Business at Grand Canyon University.

 

 

Cecil A. Yates, Director of Commercial Property Management

Cecil joined Tiempo in the summer of 2010. As the Director of Commercial Property Management, and was responsible for managing 400,000 ft2 of commercial space, including office buildings, shopping centers, and quick-service restaurants. His duties range from concept to completion and include client interface, land acquisition & development, forecasting, contract negotiations, project management, site work, shell and core, office and warehouse tenant improvements, and facilities management.

Bringing 20 years of real estate experience, Cecil has worked with both institutional and non-institutional real estate and with all product types (mixed-use, Class A – Class B office, big box industrial, multi-tenant industrial, retail, and restaurant). As Operations Manager for BMI, he handled the day-to-day operations of 1,000+ residential units, (logistics, marketing, sales, customer service, and staffing). And as Regional Operations Manager for Vetrone Development in Cleveland, Ohio, Cecil managed sales, marketing, advertising, financing, staffing, and government liaisons for 250,000 ft2 , including shopping centers, residential estates, restaurants, and bars.  He is an award winning developer!

Cecil has a Bachelor of Science in Marketing & Management from the University of Cincinnati and serves as Town Councilman for the Town of Fountain Hills where he has vast experience in economic development, writing city ordinances, and working to bridge the gap of public and private sector development. Cecil is a licensed real estate agent in the State of Arizona.

 

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