Trend Report 2022 Best-In-Class Awards
Trend Report is pleased to announce the recipients of the 2022 Best-in-Class Broker® Awards,
recognizing those professionals who perform at the highest levels in commercial real estate sales per category.
Among the winners are professionals from national real estate powerhouses such as CBRE, Marcus &
Millichap, Land Advisors Organization, Cushman & Wakefield, and top brokers of local firms in Southern Arizona,
where all are based.
“Trend Report shares a close association with Real Estate Daily News and RED Comps, as the most accurate, independently researched database of commercial real estate property sales information available in Southern Arizona, so is well-positioned to identify the top brokers in each commercial category,” said Karen Schutte, cofounder and CEO of RED Comps and Managing Editor of Trend Report. “We congratulate these exceptional Southern Arizona industry leaders on their achievements.”
The RED Comps’ research team verifies and records all commercial real estate sales in Pima County. From that information, Trend Report is able to present the “no-nonsense” Best-in-Class Broker Awards to those individuals who closed the highest overall transaction volumes in commercial property sales for each market category in a given year. This year’s awards were calculated from Q4 2021 to Q3 2022 to bring a full year of sales.
Southern Arizona witnessed a very active year in 2022 in the commercial real estate market. Winners of the exclusive Best-in-Class Broker Awards saw industrial sales at their highest levels in years with a decline in the vacancy rate to 3.6 percent. The Tucson multifamily market recorded rising vacancy, and rents trending higher. Absorption cooled despite continued growth in the local labor market. Fewer properties sold, but transactions closed at higher prices.
The industry leaders being recognized contributed approximately one-third to the $4.3 billion total commercial sales, a 37.18 percent increase from the same time period a year earlier.
Trend Report’s Best-in-Class Brokers for 2022 are…
- Multifamily Sales (Over 100 units): Clint Wadlund, Hamid Panahi, and Art Wadlund, Marcus &
- Multifamily Sales (Less than 100 units): Allan Mendelsberg and C. Joey Martinez, Cushman & Wakefield
- Industrial Sales: Rob Glaser, SIOR, CCIM, Cushman & Wakefield | PICOR;
- Office Sales: Dean Cotlow, Cotlow Company;
- Retail Sales: Isaac Figueroa, CCIM, of Larsen Baker;
- Residential Land Sales: Will White and John Carroll, Land Advisors Organization;
- Industrial Land Sales: Tim Healy, CBRE Tucson;
- Commercial Land Sales: Jeramy Price, VOLK Company.
All Trend Report’s Best-in-Class Broker Awards are based exclusively on sales volume transaction data from RED Comps commercial real estate database, which is the most accurate, independently researched database of commercial real estate property sales information available.
Winning brokers will be honored at a Tucson-style happy hour in 2023 and will be able to use the Best-in-Class logo on future correspondence. Personal interviews with each of the winners will be forthcoming in the Real Estate Daily News.