On Feb. 27, AZRE hosted the 8th Annual RED Awards reception at the Arizona Biltmore in Phoenix to recognize the most notable commercial real estate projects of 2012 and the construction teams involved. AZRE held an open call for nominations and more than 100 projects were submitted by architects, contractors, developers and brokerage firms in Arizona. To view all 2013 RED Awards Winners and Honorable Mentions, go here >
Broker of the Year: Sales
Eric J. Wichterman
Executive Vice President, Capital Markets Group
- 35 transactions totaling 2.8 MSF (Leases: 43/350,725 SF)
- $159M in value (Leases: $31M)
Largest single sale closed in 2012: $27M/200,000 SF
Wichterman’s knowledge of the market and his strategic thinking have greatly impacted the Valley. In 2012 he implemented a business plan to address challenges in turning around distressed buildings to recover attainable value. He serves as an expert advisor to local and national commercial real estate, lender and REO companies and is a licensed CCIM and a member of NAIOP and ULI. He and his wife dedicate themselves to the Arizona Humane Society and Phoenix Children’s Hospital.