PHOENIX, ARIZONA (January 18, 2023) – The editorial board for Az Business and AZRE magazines met with Arizona industry leaders to identify the AZ Big 100 for 2023. The list was celebrates the brilliant minds and innovative companies that are equipped to guide the industry through economic storms, such as rising mortgage interest rates and low affordability combining to generate a decline in home sales.
In October, Northmarq, a leader in commercial real estate capital markets, announced the completion of its acquisition of Stan Johnson Company (SJC), a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes. The acquisition also includes the purchase of Four Pillars Capital Markets (FPCM), a debt/equity intermediary for commercial real estate assets.
The acquisition of these two firms means Northmarq now has nearly 1,000 professionals across its investment sales, debt/equity financing, loan servicing and fund management operations. The expanded company transacts $23 billion in debt/equity volume and $15 billion in investment sales volume annually, and services a commercial loan portfolio in excess of $76 billion.
With the addition of SJC and FPCM to its existing multifamily sales platform, Northmarq will now offer services across all major property types, including office, healthcare, industrial, retail, self-storage, multifamily and more.
Also in October, Northmarq’s Debt and Equity team of Brandon Harrington and Tyler Woodard secured a $33,327,212 construction loan for the development of The Aster at Mountain Vista in Mesa. The ground-up development is a joint venture between Scottsdale-based Ascent Companies and Stave Properties, with Crown Builders as the general contractor.
“The capital markets for construction financing are challenging but we cast a wide marketing effort and were able to secure a fixed rate construction loan for this project,” Harrington says. “Lenders are still active for best-in-class developers and projects given the continued lack of supply in certain areas of Phoenix.”
Northmarq’s Phoenix office offers investment sales expertise for multifamily and manufactured housing properties and a complete range of financing options for all types of commercial real estate. Northmarq’s Phoenix office serves the entire Southwestern region.and can arrange commercial real estate loans for any property type through its unmatched network of lending partners. Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, and loan servicing. Northmarq combines industry-leading capabilities with an open, flexible structure, enabling its team of seasoned professionals to create innovative solutions for clients.