On Feb. 26, AZRE hosted the 10th annual RED Awards reception at the Arizona Grand Resort & Spa in Phoenix to recognize the most notable commercial real estate projects of 2014 and the construction teams involved. RED Award trophies were handed out in 10 project categories, to six brokerage teams and safety, subcontractor, architect, general contractor and developer of the year awards were also presented. AZRE also recognized Sunbelt Holdings President and CEO John Graham with a lifetime achievement award. Click here to view all 2015 RED Awards Winners.
Brokerage Team of the Year — Industrial Sales: Pat Feeney, Dan Calihan and Rusty Kennedy, CBRE
Total sales transactions sum in 2014: $1,230,589,523
Largest sale: The disposition of 10 properties in Cobalt Capital Partners’ 256-property portfolio for a consideration of $41.21M to Colony Financial.