SVN’s Downtown Experts Close $1.6 million in Phoenix

Phoenix, Arizona – With the Arizona sun, sports arenas, shopping, dining, entertainment and the Roosevelt Row arts district, no wonder why Downtown Phoenix is booming.  New and established companies are flocking to grow and expand their businesses into the trending corridor where plush hotels and educational facilities surround the buildings alike. SVN Desert Commercial Advisors, Justin Horwitz and Paul Borgesen III are two brokers in the downtown Phoenix area that are integral part of the growth.

714 N. 3rd St., Phoenix

Just recently, the dynamic downtown expert team closed on two properties within a few miles of each other from downtown Phoenix to the central Phoenix corridor.  The 7,156-square-foot property located at 714 N. 3rd Street sold for $800,000 just south of the Roosevelt Row Arts District in downtown.  SVN represented the sellers in the transaction.  After owning this and many other properties in the downtown area for generations, the Matz family elected to begin the process of liquidating its holdings.  Horwitz stated, “We are so excited to see this building particularly sell to such a solid buyer.”  Local business owner, Mike Little worked hand in hand with the seller to acquire the property.  Little plans to move his own business into the building while also continuing to offer rental space to the community.  “It’s nice to know it’s in equally as good of hands moving forward,” said Horwitz.

3130 N. 3rd Ave., Phoenix

Just right up the street off 3rd Ave, is another sale for $860,000.  The property is located at 3130 N. 3rd Ave. in Phoenix right on the backside of Park Central Mall.  Horwitz and Borgesen III also represented the seller in the sale transaction.  Seller 3130 North Third Ave, a joint venture and the buyer, Nogachi, LLC is excited to come in and make some immediate changes.  The husband and wife team owns a CPA and law firm respectively. Ruger and Magaly Fontes plans to renovate the 8,668-square-foot building and occupy a portion while leasing back a small portion of the building to the seller who also has an existing law firm.

Horwitz stated, “We are really looking forward to seeing this building post renovation and to watch that immediate area blossom with everything planned at Park Central Mall across the street.”  Park Central Mall was once a retail jewel in the desert and in the process of a $57 million project to revitalize the property.  With all the mixed-use projects with restaurants, office and other amenities, this will location will add value to the development in the area.




North Central Phoenix Neighborhood Center sells for $5.225 million

Mountain View Plaza, 9812 – 9832 N. 7th St. in Phoenix, AZ

PHOENIX, ARIZONA — Neighborhood retail center, Mountain View Plaza, recently sold for $5,225,000. The property consisted of three buildings totaling just over 26,000 SF on approximately 2.70 acres.  The retail plaza is located at 9812 – 9832 N. 7th St. in Phoenix, which is in close proximity to North Mountain Park, Sunnyslope Park and Honor Health John C. Lincoln Medical Center.

Local restaurateurs and brothers, Robert Brescia and Dino Brescia represented by Justin Horwitz and Paul Borgesen of SVN Desert Commercial Advisors, sold the center to Hawaiian based investor, Rajan Watumull of Watumull Enterprises represented by Brian Kocour of Kocour Companies.

Over the course of 27 years of owning the center, the Brescia brothers were able to successfully build a loyal tenant base which includes Scramble, Mucha Lucha Taco Shop, VCA Animal Hospital, and Ziggy’s Il Posto Ristorante, which the Brescia Brothers originally operated under the name Our Gang Café before selling.

Justin Horwitz and Paul Borgesen of SVN Desert Commercial Advisors represented the Brescia’s in the transaction and successfully sold the property in what ultimately was a ninety-day transaction.  It was said Horwitz, “We were very thankful that the Brescia’s allowed us the opportunity to be involved in this sale. It was evident from the start that this center carried far more value than just a typical real estate transaction given their history in the center, as well as they close relationships they forged with the tenants and the community.” Horwitz and Borgesen focus heavily on property sales along the Central Corridor. According to Borgesen, “This transaction is just another indicator that validates the continued positive trend we are seeing along the Central Corridor.”




SVN Desert Commercial Advisors sets Record-Breaking Deal Volume in 2017

Phoenix, Arizona  SVN Desert Commercial Advisors is a full service commercial real estate brokerage firm that specializes in so many areas of commercial real estate. With over twenty licensed advisors working with the brokerage firm in central Phoenix, the year-end totals broke the 2016 records by recording another $33M in total lease and sale transactions totaling $128M for the year.

Managing Director, Perry Laufenberg stated, “Our average earnings per broker increased 72% year over year.” In 2017, the SVN franchise focused on improving the individual success plans for each of the brokers. One of the most memorable moments for Laufenberg was presenting the trophy for ‘Prospector of the Year’ to Vicente Cantua at the SVN holiday party. Laufenberg said, “I know how much effort went into that award so it was very rewarding to see him accept it.”  Desert Commercial Advisors has one of the best marketing and media presences in the valley.  Director of Marketing, Melissa Swader has twenty years of experience in marketing, design, and PR and continues to elevate the SVN franchise brand in extraordinary ways.  Recently, Swader was nationally recognized by The Broker List for her blog material regarding commercial real estate news and advisor announcements for their ‘done deals’ at the firm. “It is really important to me to share CRE news with others in the industry,” said Swader. “Collaboration comes in all forms and I enjoy all the relationships I have with our online/print magazine editors and publishers and our SVN national network. They are invaluable.”

Danny Lee, vice president investment advisor was also named Top Producer of the Year in 2017.  His continued success in the multifamily division is a constant reminder that the market is steady in Phoenix.  Director of Retail Leasing & Sales Investments, Rommie Mojahed also contributed largely to the production numbers this past year closing approximately $55M in total deal volume in combined lease and sale transactions.  Senior advisor, Justin Horwitz who mainly specializes in the office property type also closed over $30M in deals.

SVN | Desert Commercial Advisors is a locally owned and operation company that treats everyone in the office like an extension of family instead of a number in the yearly report to a group of investors at Wall Street. Laufenberg said, “We have a global brand and network with over a billion dollars in transaction volume last year, and all of the training, tools, and resources that accompany that to help provide best in class service to our clients.”

This year will be another big year for Desert Commercial Advisors.  SVN will continue to focus on the growth of the company. The local franchise has always embraced technology, inclusion, and diversity. Laufenberg said, “The values and core covenants that the company was founded on continue to be an important part of why we are with SVN.” That coupled with recruiting efforts and advanced sales training to serve their clients in every capacity will be instrumental in the growth of Desert Commercial Advisors.