Phoenix, Arizona – January 14, 2019 – The downtown Phoenix market has been a large hub for commercial real estate development in the past year. Real estate signs are seen on every other corner in the downtown/midtown corridors and new developers are coming in and shaking up the market. That is not all that is shaking up the CRE industry. Closing approximately 50 deals in 2019, the downtown office team Justin Horwitz and Paul Borgesen III were named the 2019 Top Producers of the Year at SVN Desert Commercial Advisors.
These two senior advisors have been a staple in the commercial real estate industry in the downtown Phoenix market representing both buyers and sellers over the past year. They started out the year with almost $19M in sales in the downtown Phoenix area alone. They also made significant headlines moving into the summer representing buyer, Jonathan Vento with True North Studios in several acquisitions in the same area, namely the Roosevelt Row District. While Yahoo Finance highlighted a few of their deals, the significant sale of the O’Neil Printing Building was a recognizable deal all over the valley. They represented the buyer in the transaction. “Aside from this being a substantial deal seize at just over $9m, this particular transaction took two escrows and over three years of time to formalize which ultimately made it that much more memorable, stated Justin Horwitz.”
With that being said, they also received the award for the ‘2019 Deal of the Year’ at SVN as well. The O’Neil Printing building sale will bring some extraordinary real estate development for the 2nd Ave & Fillmore St. area over the next year. Transactions like this earned the respect of the industry and very few advisors know the DT Phoenix market more than these SVN advisors. Director of Marketing, PR & Administration stated, “If I was not distributing press releases on their transactions, I was processing new listings in the next breathe. They truly had the momentum all year long that separated them by the end of the year.” The office/land team is in the process of building their team within SVN. Paul Borgesen III said, “In 2019 professional growth and education has always been a big part of our team. It was a bit of a challenge to find the time for this but we made it a priority.” Horwitz continued to add, “Commercial real estate is a very rewarding industry, but it certainly takes time to build a business. It’s critical to join a firm and a team that supports their growth and provides proper training, which is actually one of the great qualities of our team and SVN DCA as a whole.”
Mike Gallegos has been an integral part of the sales training at the SVN Phoenix office. “We take Advisors through a structured program that starts with fundamentals of Commercial Real Estate and builds in the absolute most important areas of the business, crucial for success. We have accumulated the best in industry training materials in financial underwriting, sales, and the brokerage continuum.”
Perry Laufenberg who brought on Gallegos four years ago has brought great value to the advisors CE training and on-boarding process. “Justin and Paul are a prime example of what can be accomplished with consistent hard work over an extended period of time. They continue to see the bar higher and higher for themselves,” said Laufenberg. Inevitably this hard work and dedication is the rewarding ingredients that make them the 2019 Top Producers of the Year closing the 2019 Deal of the Year to pair with it.
SVN | Desert Commercial Advisors is a full-service commercial real estate services firm providing comprehensive expertise in investment brokerage, leasing, landlord/tenant representation, analysis/valuation and market research. We specialize in multifamily, retail, office, medical/dental, and restaurant property types. Visit our website at www.SVNDesertCommercial.com for more information.
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Media Contact: Melissa Swader
melissa.swader@svn.com
