Welcome to the Paul Ash Management Company LLC update.
Our multi state real estate management and acquisition company has been named by Tucson Inside Business as the region’s #2 biggest residential managers (we’ll try harder) and the #4 all around real estate manager in terms of properties managed. In our upcoming 55th year in business, the firm which Paul Ash organized in 1965, will aspire to achieve greater success in 2020 for all our clients, partners, commercial/retail/industrial users, homeowners and residents.
There have been many positive events at Paul Ash Management Company since the end of 2019. First, is the opening of our newest joint venture in Maynard, Massachusetts — The VUE at Maynard Crossing Apartments. Part of a 50 plus acre residential, retail and commercial master planned community, The VUE at Maynard Crossing Apartments is rapidly leasing and the reviews from residents and the entire community have been very supportive. Our partner, LeCesse Development, has converted the former Digital office campus into a 21st century modern residential living space filled with all of the most desired features by luxury apartment dwellers. Check out the website: (www.vueatmaynardcrossing.com).
Our next community, The RIZE on Grand Apartments, located in The Twin Cities (Burnsville), Minnesota is under construction with a Winter 2020/21 delivery in a very dynamic marketplace where vacancy rates are under 3%. The RIZE has many of the same features as VUE but with even greater luxury amenity package. Check out the website: (www.mnstonebridge.com ).
We have also broadened our commercial portfolio with a new contract to manage a Tucson based 150,000 square foot industrial cluster and an 80,000 square foot industrial building complex leased to a major publicly traded user plus, four new homeowner associations all in our hometown. Our HOA division revenue grew by over 30% in 2019. Our industrial team has also just commenced oversight on a multimillion-dollar tenant improvement for one of our high-tech tenants located at Tucson International Airport owned by one of our REIT clients.
In a Fort Worth, Texas suburb (Hurst), our partner is completing a new retail pad with Dunkin Donuts and The Joint Chiropractic as the last phase of a 74,000 square foot retail center including Walmart Neighborhood Grocery, Advanced Auto, Dollar Tree, Pizza Hut, Taco Bell, Nationwide Vision and Work Out Anytime.
We also take this opportunity to announce the sale of Shea Plaza in Scottsdale AZ to a local investor. This unanchored retail center suffered through the 2008 to 2012 economic downturn but completely recovered under prudent management collaborating with leasing provided by Zell Commercial and sales/marketing by Bernstein Murphy both from Phoenix. The turnaround performed here was a tremendous achievement.
Last, but certainly not least, we celebrate our great team at Paul Ash Management Company.
Long-term company anniversaries:
Linda Staiti & Yessenia Valenzuela (14 years)
Natalie Kujawa, Lisa Cooke & Mike Ash (12 years)
Darci Rodriguez (11 years)
Maria Harrell & Rebecca Cazares (8 years)
Monisha Patel (7 years)
Also celebrating our “newcomers” of 4 years or less:
Raeanne Simons, Barbara Daoust, Danielle Morris, Sarah Mitchell, Amber LeClair, Leslie Schaefer, Jena Carpenter, Raylyn Winckler, Michele Ganey, Kara Banks, Sarah Ivey & Martin Chavez.
Our real company assets are these professionals and all our wonderful, hardworking team members who are part of the Paul Ash family.
Bruce Ash, CPM
President / CEO
Paul Ash Management Company, LLC
Remembering Paul Ash – Maccabiah Record Holder
Longtime Arizona Daily Star sports editor Abe Chanin* dubbed Paul Ash* the “strongest Jew in the world” and helped him raise some of the money he needed to go the Maccabiah Games in Israel in 1957.
A military veteran and avid card player, Paul Ash raised the rest of the funds by winning card games as he criss-crossed the United States on the military transport flights that got him to New York in time to catch his flight to Israel. He won the first of his two gold medals that year in the sport of weightlifting, breaking all records in the 198-lb class. He competed and won the gold medal again in 1961.