TUCSON, ARIZ. (Jan. 10, 2024) – TREND Report is pleased to announce the recipients of the 2023 Best-in-Class Broker® Awards for the second year, recognizing professionals who perform at the highest levels in commercial real estate sales in each category.
RED Comps’ research team verifies and records all commercial real estate sales in Pima County. From that information, TREND Report can present the “no-nonsense” Best-in-Class Broker Awards to those individual brokers who closed the highest overall transaction sales volume in commercial property sales for each market category each year. This year’s awards were calculated from Q4, 2022, to Q3, 2023, for a full year of sales.
Deal volume amounted to just over $1.8 billion for the period. The highest dollar volume was for multifamily, which achieved $515 million – a slump of 60 percent YOY. Only 659 commercial properties were traded during this period – the fewest since 2013, when RED Comps began tracking. Retail sales brought in the second highest volume, scoring $308 million, down by 56 precent YOY.
There’s little doubt that commercial real estate saw many hurdles in 2023, making data-powered information more essential than ever to investors and broker. Winners of the exclusive Best- in-Class Broker Awards represented approximately 20 percent of the total commercial sales this year.
Among the winners are representatives from national real estate powerhouses such as Marcus & Millichap, Land Advisors Organization, Cushman & Wakefield, and top brokers from local firms in Southern Arizona. All winners must be based in Southern Arizona. A Best-in-Class Award for “Good Works” in the Community was added.
TREND Report’s Best-in-Class Brokers for 2023 are:
- Multifamily Sales (100+ units apartments):Clint Wadlund and Hamid Panahi of Marcus & Millichap (IPA), second year;
- Multifamily Sales (less than 100 units apartments): Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR, second year;
- Industrial Sales:Stephen Cohen of Cushman & Wakefield | PICOR;
- Office Sales:David Volk of VOLK Company;
- Retail Sales:John Yarborough and David Carroll of Romano Real Estate;
- Residential Land Sales: Will White and John Carroll of Land Advisors Organization, second year;
- Industrial Land Sales:Gary Emerson of GRE Partners;
- Commercial Land Sales:Pat Welchert, SIOR, of Alpha Commercial Real Estate Services
- Hotel Sales:Rob Lamb of Long Realty;
- “Good Works” Developer:Humberto S Lopez, Co-Founder of HSL Properties.
All TREND Report’s Best-in-Class Broker Awards are based exclusively on sales volume transaction data from the RED Comps commercial real estate database, the most accurate, independently researched database of commercial real estate property sales information.
The “Good Works” Developer Award was based on the most generous acts of time and money to the community.
The winners will be honored at a Tucson-style happy hour and can use the Best-in-Class logo in future correspondence.
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