Here are all three parts of the three-part video series that make up the 2020 AZRE Forum, the annual mid-year market report that looks at the factors that are driving the Phoenix economy and commercial real estate industry. The three panels of industry leaders discuss the impact of the pandemic-caused economic slowdown and how it is affecting the commercial real estate market. They discuss why some market sectors are weathering the storm and why other sectors could see a rough road ahead. They also examine what makes this current cycle different than past downturns and why Phoenix is well suited for a quick recovery.
Part 1: East Valley vs. West Valley
Moderator: David Krumwiede, executive vice president of Lincoln Property Company
Panelists: Joyce K. Wright, partner at Snell & Willmer; George Forristall, principal at Mortenson; Jeff Foster, vice president and market officer for Prologis, Inc.; Charley Freericks, senior vice president for Catellus Development Corporation; and Larry Pobuda, executive vice president and general manager for The Opus Group.
Part 2: A look at the retail, multifamily and land sectors
Moderator: Pete Bolton, president of Pete Bolton Company
Panelists: Cindy Cooke, senior executive vice president at Colliers International; Cliff David, senior managing director of investments at Marcus & Millichap; Chris Hollenbeck, executive director for Cushman & Wakefield; Mike Kumelski, vice president for retail at NAI Horizon; and Rodney Riley, director of acquisitions and development for Scottsdale-based Caliber Development.
Part 3: A look at the office and industrial sectors
Moderator: Bob Mulhern, senior managing director, Colliers International
Panelists: Leroy Breinholt, president, Commercial Properties Inc.; Kathy Foster, senior vice president – office properties, Colliers; Cooper Fratt, senior vice president, CBRE; Todd Hamilton, managing partner, Citywide Commercial Real Estate; and CJ Osbrink, executive managing director, Newmark Knight Frank.