PHOENIX, ARIZONA – NAI Horizon represented buyer in the $7 million ($133 PSF) acquisition of the Corbins Electric corporate headquarters building, a 52,744-square-foot industrial property located at 4829 S. 38^th St., in Phoenix.

NAI Horizon Senior Vice President Lane Neville and Associate Logan Crum represented the buyer.

The property is a single-tenant industrial property occupied by Corbins Electric and serves as its corporate headquarters. Corbins Electric has been in business since 1975 as a top electrical contracting services company.

Corbins Electric is an innovative electrical company and an industry leader with state-of-the-art technologies. It provides virtual construction services, fabrication services, electrical construction, and electrical service/job ordering contracting.

“The Corbins Electric building is a great investment asset with a strong tenant in an excellent industrial location,” Neville said. “The property is conveniently located west of 40^th Street, south of Wier Avenue, just minutes from both Interstate 10 and AZ-143 freeways”.

Clint Hardison and Blake Hardison with Keyser Commercial Real Estate Advisory represented the seller.

Commercial Real Estate Leader Brings 35+ Years of Capital Market Experience to New Role

Phoenix, Arizona – Bob Kline has joined Colliers International as Managing Director of Debt and Structured Finance in the Southwest Region.  Kline will be based in the Phoenix office, working on capital and finance efforts for the company throughout the Southwest Region and beyond.

“Bob’s experience in institutional debt, equity, refinancing and restructuring will be invaluable to our professionals and out clients, especially during this time of economic disruption,” says Southwest Regional President David Josker.  “Bob’s deep product and market knowledge, along with his proven collaborative work style, is going to allow him to be an immediate and significant addition to our capital markets capabilities and over platform.”

Kline has spent his career working in capital markets both nationally and internationally.  He has raised more than $7 Billion in capital for commercial real estate development and refinances.   He has also handled more than $9 Billion in restructurings for builders and developers.

A proven leader in his field, Kline is expected to provide Colliers International with the strength of his extensive relationships with capital markets and lenders, as well as his wisdom and insights about the financial markets.

During his career, Kline has served at a variety of real estate companies ranging from Pulte Homes and the Communities of Del Webb to Cushman & Wakefield and Jones, Lang LaSalle.

Kline belongs to a variety of real estate related organizations, including Urban Land Institutes (ULI), International Council for Shopping Centers (ICSC), National Multi Housing Council (NAHC), Building Owners and Managers Association (BOMA), Mortgage Bankers Association (MBA), NAIOP Commercial Real Estate Development Association, and has been an Educator at the Wharton School of Business.

Steve Berghoff of Menlo Group Commercial Real Estate recently received the Society of Industrial and Office Realtors designation.

Tempe, AZ – Menlo Group Senior Vice President Steve Berghoff, CCIM, SIOR, has joined the elite Society of Industrial and Office Realtors (SIOR). The designation is awarded to commercial real estate professionals who demonstrate strong transactional history and high ethical behavior.

“I am honored to be in such great company with so many well-respected colleagues,” Berghoff said. “SIOR membership offers many rewarding benefits, including continuing education and networking with like-minded peers.”

The SIOR network includes only 3,400 members worldwide. To qualify for the designation, Berghoff completed coursework in ethics, demonstrated strong transactional history and received letters of endorsement from current SIOR members in the Arizona chapter.

Last year, Berghoff also completed the requirements to earn his Certified Commercial Investment Member (CCIM) designation. He joins Menlo Group advisors Grafton Milne, CCIM, SIOR, and Tanner Milne, MBA, CCIM, SIOR, as only a few individuals in Arizona to hold both designations.

“Steve has been with Menlo Group for a few years and has always demonstrated extreme professionalism,” Tanner Milne said. “I’ve been thrilled to be a part of SIOR, and I’m excited to see another Menlo team member join the ranks of this worldwide group of commercial real estate professionals.

Berghoff began his career in commercial real estate in 2003. He worked for Scottsdale-based Clayton Companies as an asset manager before joining Menlo Group in 2015. During his time at Menlo Group, Berghoff has successfully closed over 190 deals valued at over $87 million.  As Senior Vice President, he primarily represents landlords and sellers of office and medical properties in the East Valley.

“This achievement is quite simply a byproduct of having fantastic clients, incredible mentors and a unique and supportive culture at Menlo Group,” Berghoff said. “My wife and daughter have also supported me and offered endless encouragement over the years.”