Arizona Supreme Court appoints Radix Law managing partner
Radix Law is pleased to announce that Andy Kvesic has been appointed as a Member of the Arizona Committee on Alternative Business Structures (ABS). Committee Members are responsible for reviewing ABS applications for licensure and making licensure recommendations to the Arizona Supreme Court.
“Two years ago my business partners and I embarked on a mission to revolutionize the law firm model, improve the lives of attorneys, and increase access to justice for our clients by forming an ABS through Radix Law. I am grateful to be part of this Committee and help other lawyers and innovators achieve the same dream,” said Kvesic.
The ABS Committee is comprised of retired judges, non-lawyer business owners, experts in attorney ethics, and experienced attorneys with deep knowledge of the ABS regulations. Each month, the Committee considers applications that have been vetted by the ABS Staff and votes on whether to recommend approval to the Arizona Supreme Court. The Court then issues its final decision on who is granted licensure. As of December 2022, there have been 39 ABS licenses issued to law firms providing a diverse set of legal and professional services.
Jason Pritchett, President and Partner at Radix Law, sees this appointment as a testament to what Radix Law has accomplished as an ABS law firm and its contributions to the Arizona legal community. “In a short time, our attorneys and clients have experienced so many unique benefits of combining lawyer and non-lawyer ownership in a law firm. We look forward to maintaining standards of excellence in our legal community through the continued growth of the ABS model in Arizona and across the country.”
CBRE’S Mark Krison, Andrew Brigham and Luke Krison promoted in Phoenix
CBRE announced that three professionals in its Phoenix office have achieved title promotions. Mark Krison has been promoted to Executive Vice President, while his partner Luke Krison has been promoted to First Vice President. Industrial expert Andrew Brigham has earned the First Vice President title as well.
“Mark, Luke and Andrew have all proved to be important members of our team in Phoenix,” said Paul Komadina, Senior Managing Director for CBRE in Phoenix. “As the industrial market continues to be hot, all three of them have found their niche. They understand their product and how best to help their clients.”
Mark Krison joined the firm over 40 years ago after graduating from Arizona State University with a bachelor’s degree in marketing. Mark specializes in three areas of industrial real estate: tenant representation, working with developers to design and construct all industrial and office products, and selling investment-grade real estate. He has completed over $1 billion in sale and lease transactions during his career. One of his most significant transactions was CBRE’s largest industrial lease in Phoenix to IO Data Center for over $129 million.
His partner Luke Krison joined Mark’s team in 2013, focusing on flex-office space. Since joining the team, Luke has assisted with over $250 million in transactions. Before working at CBRE, Luke worked as a top-producing sales executive for Mobivity (MFON), a Mobile Marketing Technology Company. He graduated from Arizona State University with a bachelor’s degree in interdisciplinary studies in communication and business.
A Phoenix native, Andrew Brigham joined CBRE in 2003. During the past 15 years, Mr. Brigham has concentrated on the sales and leasing of industrial properties and land sales across metro Phoenix. In the last seven years, Mr. Brigham has completed over 6.8 million sq. ft. of sale and lease transactions totaling more than $365 million in value. He holds a bachelor’s degree in public administration from San Diego State University.
LGE Design Build promotes former CFO to the role of president
Leading national design-build firm LGE Design Build (LGE) today announced the promotion of Michael Stafford to the position of president, replacing David Sellers who will now exclusively act in the role of CEO.
Stafford joined the LGE team as controller in 2017 before moving up to chief financial officer in 2018 where he was responsible for overseeing all financial operations across the company’s construction, architecture and development entities.
In his new role, he will be responsible for executing LGE’s short- and long-term goals including its continued growth in its primary markets, growth into new markets and expansions into new product offerings.
“From day one, Mike has embodied the spirit and culture of LGE,” said David Sellers, CEO of LGE Design Build. “He’s driven, motivated and strategic, but above all, he prioritizes his team and ensures that everyone has the support they need in order to be their best every day. Since 2017 our construction company has seen a revenue increase of over 390% and our architecture firm has seen a revenue increase of over 280%. This growth is partly due to the foundation Mike has established on the financial infrastructure of our companies. I am confident that in his new role he will further serve as a positive catalyst that will take LGE to the next level.”
Stafford’s guiding philosophy for his work and his role at LGE is to constantly put people over profit. He encourages health, wellness and professional excellence from the entire company and does his part to lead by example every day.
“It’s been a privilege to work alongside this incredibly talented team and to be part of LGE’s growth story over the past five years,” said Michael Stafford, president of LGE Design Build. “The opportunity to lead LGE’s continued growth, market expansion and new product offerings is an immense honor.”
Over the past five years, LGE has experienced impressive growth and established a commanding presence as the only large-scale design-build firm in Arizona and one of only a few in Texas. In the year ahead, LGE has plans to expand its portfolio into California and Colorado, as well as to explore the multifamily sector. This will add to its already diverse set of product offerings that includes industrial, office, retail/restaurant, mixed-use, educational, adaptive reuse and medical.
For more information, visit LGEDesignBuild.com.
Build-to-Rent expert joins Northmarq’s Phoenix team
Northmarq’s status as a leading build-to-rent (BTR) platform was further solidified with the addition of Shannon Hersker, senior vice president, to the company’s Phoenix debt/equity team. She is responsible for originating debt and equity solutions through bank, debt fund, life company and direct Fannie Mae and Freddie Mac financing. With a specialty in financing BTR projects, Hersker will assist clients with sourcing equity, construction lending, bridge debt and permanent financing. She will collaborate with the Northmarq investment sales team on BTR acquisitions and dispositions.
“We are thrilled to have Shannon join the Phoenix Northmarq debt and equity team. Her experience and knowledge in the build-to-rent sector will continue to distinguish our national build-to-rent platform as the preeminent one stop shop for build to rent investment sales along with permanent and construction debt and equity,” said Brandon Harrington, managing director. “Shannon’s competitiveness and drive to deliver exceptional results for her clients is a great cultural fit at Northmarq.”
Hersker entered the BTR space in its infancy, allowing clients to access her unique perspective and knowledge of the product type for their financing inquiries. Prior to joining Northmarq, she was Director of Capital Markets at Walker & Dunlop for five years where she was responsible for nationwide loan originations for multifamily, BTR and commercial assets. She worked with developers, investors, and owners to provide debt solutions through various lending sources. In her role, Hersker created a national dedicated Build for Rent platform and became a leader in the BTR financing space.
“I couldn’t be more excited to join what I would consider the nation’s top build-to-rent platform. Working in conjunction with our financing experts, as well as our national investment sales team will allow me to problem solve and take a full-service approach to find solutions for clients,” said Hersker.
Hersker is involved in several industry organizations, including NAIOP, Valley Partnership and Urban Land Institute (ULI). She has taken on many leadership roles within ULI, including serving as a Partnership Forum Group Leader for seven years. Currently she is a Co-Vice Chair of the Membership Committee, sits on the Trends Day Committee, and is a ULI NEXT Group Facilitator for the third consecutive year. Additionally, she volunteers as a classroom facilitator through the Urban Plan program and has participated in Philanthropy events for under privileged children in the Phoenix area.
Hersker graduated from the W.P. Carey School of Business at Arizona State University. She earned a Bachelor of Science degree with a major in marketing and a minor in communications. In addition to receiving her ALTA Certifications, Title 101 and Title 102, Hersker is currently earning her Commercial Investment Member (CCIM) designation.
