Monthly Archives: February 2014

Thad Seligman Named NAI Global 2014 Members’ Leadership Board Chair

PHOENIX, AZ – February 5, 2014: Thad Seligman, President and CEO of NAI Horizon, was named Chairman of the NAI Global Members’ Leadership Board. The announcement was made today at the NAI annual convention in Las Vegas. NAI Global is the largest, most powerful global network of owner-operated commercial real estate brokerage firms.

“We are honored to have Thad serve in this role,” said Jay Olshonsky, President of NAI Global. “Thad’s commitment to the NAI Global board over the years is evident in the growth and strength of the organization. We are fortunate to benefit from his leadership.”

Thad Seligman

The Members’ Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and breed mutual trust and respect throughout the enterprise. It fosters and promotes activities, education and communication that elevate the level of engagement and productivity of Members, Agents and the Network at-large.

Seligman will also serve on the NAI Global Board’s Coordination Council, comprised of executive committee officers, past chairs, and NAI Global’s executive leaders. This group assures the alignment of strategies, goals and objectives so that the organization can perform with the greatest degree of efficiency under a shared vision.

Thad is a 40 year veteran of the Commercial Real Estate industry and has served in executive positions with both regional and institutional brokerage and development companies. He has served as President/CEO of Horizon Real Estate Group for the past 8 years and is responsible for the strategic growth and development of Horizon’s brokerage, appraisal and property management operatons.

NAI Horizon has served the greater Phoenix commercial real estate market for over 23 years and recently announced the opening of their Tucson office.

NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global Member firms span 55 countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually. Supported by the central resources of the NAI Global organization, member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

To learn more, visit www.naiglobal.com.

NAI Horizon Wins NAI Global President’s Award

PHOENIX, ARIZONA – February 5, 2014: NAI Horizon was a recipient of the NAI Global President’s Award in recognition of their leadership, teamwork and performance. NAI Horizon is a Member of NAI Global, the largest, most powerful global network of owner-operated commercial real estate brokerage firms. The awards were announced at the 2014 NAI Global Convention in Las Vegas.

“NAI Horizon continues to demonstrate great commitment to NAI Global, and we are very proud of their achievements and contributions to the organization,” said Jay Olshonsky, President of NAI Global. “They exemplify how our local market leadership is driving growth, and how Members are using the full power of the NAI Global network to help drive their business.”

About NAI Global

NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global Member firms span 55 countries, with 400 offices and more than 5,000 local market experts on the ground, completing $55 billion of transactions annually. Supported by the central resources of the NAI Global organization, member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management.

To learn more, visit www.naiglobal.com.

Q4 2013 – NAI Horizon Retail Market Report

The final quarter of 2013 continued to show positive retail market results. The sector saw drops in vacancy, gains in properties sold and demand for retail space increase throughout the fourth quarter. With small amounts of new construction in the works, retail market fundamentals are still geared for strong continued growth in leasing velocity, absorption and rental rates.

During the final quarter of 2013, vacancy fell to 10.4% from 10.6% in the third quarter, which is the lowest rate seen since the first quarter of 2009. With unemployment continuing to fall, there is promise for those in the work force, and in turn, consumerism for the retail market. For the calendar 2013 year, vacancy percentages were at 10.8%, a decrease from last year’s vacancy rate at 11.3%, indicating an upswing in occupancy for retail space.

Read more in the full report by clicking the image below:

4Q_2013_RetailReport_eblast