PHOENIX, ARIZ. (Jan. 8, 2026) – Modern Business Development is pleased to announce its expansion into the Denver, Colorado market, and the hiring of Denver Director of Business Development Ashton Sakansky.

“We really leaned into one of our core values, ‘We ask what’s next,’ in 2025, and we are thrilled to see how the momentum has carried us into the new year and into a new market,” said Modern Business Development CEO Cassie Wells in announcing the opening of the Denver office.

Wells, a commercial real estate industry leader and business development expert, launched Modern Business Development, a woman- and minority-owned Firm, in 2023. MBD represents the niche market of subcontractors and service providers in Metro Phoenix who require business development services.

Modern Business Development also expanded its footprint in the Valley in 2025: Dr. Stephen Adamo was hired as Director of Business Development in the Tucson market; Abe Assad joined the team as the cold-calling expert; and Sammy Masters was promoted to Director of Business Development in the Phoenix market. In addition to business development services, Modern Business Development now offers in-person and remote Business Relationship Gardening Method© training classes.

“In 2026 we will still take all of our core values seriously, we put people first; we give back; we are contagiously fun; and we are consistent,” Wells said. “Ashton embodies these core values, and we are excited to see how she can serve the subcontractors and service providers in Denver, starting with Cherry Coatings.”

In the Denver office, Sakansky will work exclusively with subcontractors in the architecture-engineering-construction (AEC) industry, providing business development consulting.

A native of California, Sakansky graduated from Northern Arizona University in 2022 with a bachelor’s degree in hotel and restaurant management. She enjoys listening to electronic dance music, snowboarding, painting, and drawing.

Sakansky has a deep passion for giving back to the community, from working closely with her sorority, Chi Omega’s Make-A-Wish philanthropy, to serving on NAIOP Arizona’s philanthropy committee. Sakansky plans to continue this community involvement in Colorado.

“Modern Business Development’s approach aligns perfectly with how Denver does business – relationship-first and community-driven. I’m proud to represent a platform that helps companies grow through authentic connections and long-term strategy,” Sakansky said.”

Tim Gunter to Retire in 2027; Jennifer Jones, VP of Finance and Linda Booker, Appointed President Effective January 1, 2026

ATLANTA, (January 8, 2026) – Atlanta-based Core5 Industrial Partners today announced a leadership transition, including plans for Chief Executive Officer Tim Gunter to retire in March 2027. As part of this transition, Linda Booker, Core5’s current Executive Vice President and Chief Financial Officer, will be promoted to President effective January 1, 2026. She will assume responsibility for all day-to-day operations of the company, including real estate development, asset management, investments, and legal. Tim Gunter will remain CEO through February 2027 to ensure continuity and a smooth transition. Additionally, Jennifer Jones, Core5’s Vice President of Finance, will be promoted to Senior Vice President and Chief Financial Officer effective January 1, 2026.

Tim Gunter has been a long-standing leader at Core5 and worked closely with Kajima as a key architect of the original business plan that laid the foundation for Core5. Alongside Linda Booker, Tim helped shape the strategic vision that has guided the company through multiple phases of growth, each grounded in strong values, disciplined execution, and deep expertise in industrial real estate development.

Linda Booker, who will assume the role of President, has been instrumental in Core5’s success since its inception. A key factor in this leadership transition is Linda’s deep, longstanding experience with Kajima —more than 30 years with the organization—and her role as a founder of Core5, which provides exceptional continuity for the company, its partners, and its strategic vision. Linda began her career in public accounting at KPMG, where she discovered her passion for commercial real estate. During her tenure at IDI, Core5’s predecessor, she served as Chief Financial Officer and led the company through the 2008 financial crisis, serving as both a borrower and a real estate developer. Her approach during that challenging period helped to solidify the company’s stellar reputation and foster long-standing relationships that remain strong today.

Jennifer Jones’ promotion to Senior Vice President and Chief Financial Officer further strengthens Core5’s leadership team as the company looks to its next chapter of growth. Jennifer is also a long-standing employee of Core5, having been a team member for 10 years, and of IDI for 10 years prior to joining Core5.

“This transition reflects our thoughtful, long-term approach to leadership and succession,” said Tim Gunter. “Linda’s deep financial expertise, strategic insight, and unwavering commitment to our values make her the ideal leader to guide Core5’s daily operations well into the future.”

“I am honored to take the helm of Core5, a company rooted in its core values and guiding principles,” said Linda Booker. “With Kajima’s unwavering support for our Business Plan and strategic direction, Core5 is poised to continue the success we’ve had in the past and capitalize on the steady industrial demand in the future.”

TUCSON, AZ (Jan. 7, 2026) — Casa Del Coronado Apartments, a 208-unit multifamily community at 201 W. Blacklidge Drive in Tucson’s Central submarket, sold on Dec. 23, 2025, for $16 million ($76,923 per unit).

Built in 1982-1983, the 12-building, two-story property totals 110,432 square feet on 6.61 acres, with a sale price of $144.89 per square foot. The community is described as frame-and-stucco construction in average condition and offers a mix of studio, one- and two-bedroom units. Amenities include two pools and spas, two basketball courts, covered parking, controlled access, and outdoor features such as a pet play area and picnic area.

The seller was AI NPL REO 16 LLC (c/o AI NPL Investors LLC) an affiliate of Ascendant Capital Partners of Dallas, TX. The buyer was San Miguel Town LLC (c/o Hanapat Management) based in Tucson.

The seller acquired the property in August 2025 for $17,726,319 as part of a portfolio sale.

“This transaction was completed as an REO sale requiring a disciplined execution strategy, market expertise, and close coordination between all parties to achieve a successful outcome,” accoding to Trevor Koskovich, President of Northmarq. “Despite market headwinds, the asset generated strong investor interest due to its scale, location, and long-term repositioning potential.”

The property was listed by Northmarq Multifamily, with Jesse Hudson, the lead contact (602.952.4042).  Marcus & Millichap (Tucson) / Institutional Properties Advisors’ (IPA) Hamid Panahi (520.719.6511) and Clint Wadlund (520.349.0621) represented the buyer.

Source: RED Comp #12275.