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 Retail Capital Markets Team
Michael Hackett, executive vice president // Ryan Schubert, executive vice president
2025: Total transactions: 20 | Total space: 2,040,621 square feet |Total value: $481,342,000
Background: In 2008, Hackett and Schubert combined their individual businesses to create a partnership that has remained strong for nearly two decades. As a team, the brokers specialize in retail investment real estate, advising owners and investors on strategic decisions for neighborhood and anchored shopping centers. They leverage market insight and transaction expertise to navigate complex retail deals and drive value across shopping centers, street retail and mixed-use assets.
With more than 48 years of combined experience, they have closed over 500 retail transactions in excess of $5 billion.
Big Deals
Stetson Village
Developer: Pederson Group
Value: $71 million
Size: 144,192 square feet
City: Phoenix
Details: The brokers arranged the sale of Stetson Village in North Phoenix, a grocery-anchored center fully leased to national and regional tenants. The assets’ proximity to the expanding TSMC semiconductor facility and strong operating performance attracted institutional capital, underscoring the depth of demand for core retail in the submarket.
Las Tiendas Village
Developer: Vestar
Value: $56 million
Size: 189,021 square feet
City: Chandler
Details: Hackett and Schubert facilitated the sale of Las Tiendas Village, a shopping center repositioned around a new anchor tenant following the departure of a former soft goods user. The deal demonstrated an adaptive leasing strategy and effective repositioning in a competitive infill market.