On July 1, NAIOP announced a new name for the organization: the Commercial Real Estate Development Association, or CREDA. According to CREDA, the new branding better communicates the broad scope of commercial real estate work members engage in, such as multifamily housing, retail destinations, logistics and fulfillment facilities, offices, mixed-use developments, data centers and more. To celebrate this new era for the association and honor its past achievements, here is one of the winners of 2026’s Best of NAIOP Awards.
CBRE
Background: With 155,000 employees helping clients in more than 100 countries, CBRE is the world’s largest commercial real estate services and investment firm. Four segments constitute the core of its business: advisory, building operations, project management and real estate investments. CBRE’s clients include occupiers, owners, investors, developers and lenders. The company’s clients range in size and complexity from a sole proprietor owning a single store-front to a multibillion-dollar corporation with properties spanning the globe.
2025 total transactions: 2,372
Industrial: 1,018
Office: 703
Retail: 254
Multifamily: 186
Land: 131
Hospitality: 12
Other: 5
Total space: 107,922,867 square feet
Total consideration: $38.4 billion
Big Deals
Marquis at Desert Ridge
Details: CBRE successfully negotiated the sale of Marquis at Desert Ridge, a 370-unit Class A multifamily community in one of Phoenix’s premier master planned neighborhoods. Representing a national multifamily investor, the team delivered a highly competitive transaction that attracted institutional interest and underscored strong investor confidence in Metro Phoenix’s robust multifamily fundamentals and long-term growth outlook.
SkyBridge
Details: The brokers completed a confidential 500,000-square-foot long-term lease at SkyBridge Arizona in Mesa for a national advanced manufacturing company expanding its Arizona operations. The tenant required immediate occupancy, 12,000 amps of power, and parking for 1,200 employees, while leveraging Military Reuse Zone tax incentives tied to the airport-adjacent location. Representing the landlord, the brokers executed the lease using a creative strategy that combined two adjacent buildings into a single lease with a shared amenity zone.