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Adaptive Reuse in Phoenix

How Redevelopment of Existing Structures Can Unlock Untapped Potential, Drive Value and Foster Sustainable Development

Chris Loeffler

Chris Loeffler

CEO

Caliber

Terry Goddard

Terry Goddard

Monroe Street Abbey

Renee Blakley

Renee Blakley

Economic Development Program Manager, Adaptive Reuse

City of Phoenix

Lorenzo Perez

Lorenzo Perez

Co-Founder

Venue Projects

Brian Cassidy

Brian Cassidy

President

CCBG Architects

Diego Ahumada
Moderator

Diego Ahumada

Principal

CLA Phoenix

Chris Loeffler

CEO

Caliber

Chris Loeffler has served as the CEO and Chairman of Caliber’s Board of Directors since its inception. As CEO, Chris directs and executes global strategy, oversees investments and fund management, and contributes to private and public capital formation. As a Co-Founder, Chris took an early role in forming the Company’s financial and operational infrastructure and navigating the vertical integration of all real estate and investment services.

Prior to forming Caliber, Chris served as an Assurance Associate at PwC in Phoenix, Arizona, completing public company audits, developing control systems, and completing several acquisition or sale transactions. Some of Chris' clients included Honeywell International, Inc., CSK Auto Inc., Verizon Communications, Inc., Republic Services, Inc., Car Wash Partners, Inc., and the Arizona Diamondbacks.

Chris earned a Bachelor of Science degree in business administration with a concentration in accounting from California Polytechnic State University, San Luis Obispo. Chris also attended Universidad Complutense de Madrid (University of Madrid) in Madrid, Spain. In addition, Chris is the Co-Founder and former Board Director for Qwick, Inc., a venture-funded hospitality staffing marketplace, a Board Director for ZenniHome, Inc., a housing-tech startup and a Board Director and Treasurer for the Mesa Police Foundation.

Terry Goddard

Monroe Street Abbey

Terry Goddard served as Mayor of Phoenix from 1984 to 1990. He was elected Arizona Attorney General twice in 2002 and 2006 and is currently starting his third term as an elected director and Board President of the Central Arizona Project.

Terry’s terms as Mayor were dedicated to opening the planning process to citizen input through the Phoenix Futures Forum and empowering the Village Planning Committees. He led the effort to establish the first Phoenix homeless facility (CASS), the Historic Preservation Commission and the Arts Commission (now known as the Phoenix Arts and Culture Commission) and the One Percent for Art program; kick started the resurgence of downtown Phoenix and led the way for regional rapid transit. He was elected President of the National League of Cities and named Municipal Leader of the Year in 1988.

After service as mayor, Terry taught a graduate course on urban planning with an emphasis on neighborhood preservation and downtown revitalization at the ASU College of Architecture and Urban Design.

As Arizona Attorney General (2003-2011), Terry focused on protecting consumers and fighting trans-national organized crime. He led the Arizona effort against international money laundering and brought the polygamous sects in Northern Arizona and Utah under the rule of law. In 2010, he received the Kelly-Wyman Award, the highest recognition given by the state attorneys general. For the past 6 years, he has taught a course on the law of state attorneys general at ASU College of Law.

Starting in 2016, Terry led an initiative effort to abolish dark money in Arizona elections. In 2022, 72% of Arizona voters approved Prop 211.

An Arizona native, Terry is a graduate of Harvard College and ASU College of Law. He retired from the US Naval Reserve as a Commander and lives in downtown Phoenix with his wife Monica. Terry is currently engaged in repurposing an historic church as a community asset.

Renee Blakley

Economic Development Program Manager, Adaptive Reuse

City of Phoenix

I have 24 years of City of Phoenix service, in addition to 16 years of enforcing and applying Zoning Ordinances, City Codes, Building Codes, policies and regulations. I have served in multiple roles in the Planning and Development Department as a Chief, Senior and Engineering Technician, Construction Permit Specialist, Planner I, Planner II, Project Manager and Planner III. I have gained a broad experience interpreting building code and projects subject to complex federal, state and local rules, communicating with residents, and management. I have served as the Light Rail Liaison to support the Light Rail Administrator in the City Manager’s Office and have managed various projects and programs in multiple areas including urban economic development, commercial development, transportation development and business assistance.

I have a Bachelor of Science degree in Public Service and Public Policy from Arizona State University and bring supervisory, organizational skills, and a dedication to customer service that will complement the strengths in my new role as a Program Manager in the Planning and Development Department, Office of Customer Advocacy.

I

Brian Cassidy

President

CCBG Architects

Brian Cassidy, AIA is the President of CCBG Architects, Inc. with studios in downtown Phoenix and San Diego. He has been involved in many adaptive reuse, and mixed-use high-density housing projects in greater Phoenix, including more than 12,000 new apartment units. This work includes a diverse body of warehouse renovations that are breathing new life into our city. Brian passionately advocates to build Phoenix into a world class city in which to live, work, worship and play. He is a graduate of Arizona State University, and is the Chair of the Phoenix Warehouse District Council, which promotes and brands the District in concert with a series of creative volunteers and businesses.

Diego Ahumada

Moderator

CLA Phoenix

Diego is a Tax Principal in the CLA Phoenix office. He has been with the firm since 2014. His primary focus areas are partnership taxation and working with Real Estate Developers and Private Equity clients to build and retain capital by implementing tax saving strategies. Areas of experience, Tiered partnership, closedly held business entities, S-corporations and high-net worth individuals.

Areas involvement include Partnership Leaders Academy at CLA, Real estate Emerging leaders group within CLA.

Getting Deals Done

Key Insights on Managing Deals from Concept to Completion, Highlighting Market Dynamics, Capital Strategies, and More

Joshua Simon

Joshua Simon

CEO

SimonCRE

Ken McElroy

Ken McElroy

CEO

MC Companies

Jeff Moloznik

Jeff Moloznik

SVP Development

RED Development

Mark Seale

Mark Seale

Market Leader

Avison Young

Stirling Pascal

Stirling Pascal

VP of Office Leasing

Stream Realty Partners

Adam Finkel

Adam Finkel

Senior Managing Director

Marcus & Millichap

Stan Johnson
Moderator

Stan Johnson

Shareholder

Greenberg Traurig

Joshua Simon

CEO

SimonCRE

Joshua began his career in commercial real estate in 2004, and it wasn’t long before his headstrong attitude allowed him to forge ahead and start SimonCRE in 2010, during some of the toughest economic times. As Founder and CEO, Joshua leads the company’s growth strategy while directing the daily operations. He carries the torch for a team committed to developing projects that benefit clients and the communities they serve.

SimonCRE develops properties all across the country. To date, the company has completed more than 295 projects across 23 states, equaling a total value of more than $1.222 billion.

He applies his boundless energy toward supporting and giving back to the industry he loves. He’s served on a number of boards and routinely presents as an industry expert at numerous conferences across the country. He is extremely active in the community, chairing the YPO Retail Symposium and with his involvement with ICSC.

Under his leadership, SimonCRE has become a vital partner in the rapid growth of many national retailers within emerging communities. Beginning with the new retail center of Village at Prasada and the addition of Prasada North, which at 1,300,000 square feet is the largest open-air retail center to be built on the West Coast in the last 15 years, he has expanded his efforts to better serve tenants and communities alike. To this end, several other open-air retail centers are now under development: Medina Station in Mesa, bringing 350,000 square feet; Roosevelt Commons, covering 100,000 square feet; Asante Trails, which will be a multi-phase 44-acre mixed-use project; and Elm Street at Surprise City Center, which will be a multi-phase 40-acre project with the first phase occupying 70,000 square feet. All of these developments are poised to add exciting new retail and dining options for consumers.

When Joshua isn’t working, he enjoys spending time with his wife, Brittany, and their children, Sloane and Oliver.

Ken McElroy

CEO

MC Companies

Ken is responsible for developing the mission and overall strategic path for MC Companies and manages all private equity relationships. Ken graduated from Pacific Lutheran University in Tacoma, Washington, and took a job managing a 60-unit high-rise apartment community in downtown Seattle.

Ken founded McElroy Management in 1998, and in 2001 merged his company with Ross McCallister, creating MC Companies. Ken brings 36 years of senior-level experience in multifamily asset and property management as well as development, project and construction management, investment analysis, acquisitions and dispositions, business development, and client relations. To date, he has acquired and sold in excess of $1 billion in commercial real estate. Ken has held many board positions with the Arizona Multi-Housing Association with the most recent as past Chairman of the Board. He currently serves on the Board of Directors for the Southwest Autism Research and Resource Center (SARRC).

He is author or coauthor of more than a dozen books on investing and real estate, including ABC’s of Real Estate Investing, and his most recent book, ABCs of Buying Rental Property, which helps young entrepreneurs make their first purchase.

Jeff Moloznik

SVP Development

RED Development

Moloznik leads public and private financing, entitlements, tenant relations, construction coordination, community outreach and government relations. His commitment to the community includes multiple board leadership positions and neighborhood groups.

Mark Seale

Market Leader

Avison Young

Mark serves as a Principal and Market Leader of the Phoenix office.

He is directly responsible for growing revenue and profit while

supporting service lines within Avison Young locally and globally.

He is also tasked with recruiting and mentoring top real estate

talent, overseeing local brokerage operations, and executing a core

strategy to position Avison Young as a leader in all commercial

real estate property types and business lines in Arizona.

In his personal practice, Mark focuses on tenant representation/

occupier services for a diverse set of users seeking to lease or own

the facilities in which their business operates. Mark creates and

nurtures relationships by providing an unmatched level of service. He

represents clients with facility needs, from locally based businesses to

Fortune 500 companies, and has implemented strategy and executed

transactions in many markets around the world. He brings clients the

ideal combination of experience to spot trends and significant market

changes, longstanding industry relationships, negotiating skills, and

street-level market knowledge, enabling him to identify the right location

at the right price. He also ensures his clients get the best service in all

areas important to their unique strategy through one point of contact.

Mark’s real joy in business comes from making a significant contribution

to his client’s success and creating lifelong friendships as a result.

In a career spanning more than three decades, Mark has represented many

of the largest companies occupying business real estate in North America

including AETNA/CVS, Hartford Insurance, Liberty Mutual, UPS, IHeart Media,

Voya, Metrie, Edwards/Copco, Fresenius Medical, and Ingram Micro, as well

as the Arizona State University Foundation, K. Hovnanian Homes, Southwest

Service Administrators and several Phoenix-area law firms, among others.

Mark joined Avison Young in 2017 from Cushman & Wakefield in

Phoenix, where he served as Managing Director. He has also held

management, senior executive, and broker positions with Lee &

Associates, CB Richard Ellis, and Trammel Crow Company. A consistent

top producer, Seale has garnered numerous commercial real estate

industry awards during his career, including Top 100, Top Team,

and Top 10 Producer awards on numerous occasions, and he was

a top producer at Avison Young for 2018, 2019, 2020, and 2022.

Stirling Pascal

VP of Office Leasing

Stream Realty Partners

Stirling Pascal started at Stream Realty Partners in May 2022 as a Vice President of Office Leasing. He is responsible for helping to expand the company’s presence in the Phoenix region by sourcing, winning, and executing business across all service lines, including leasing, acquisition, tenant representation, and development opportunities.

Prior to joining Stream, Stirling was with Lee & Associates, where he completed over 70 transactions totaling more than $100 million in gross consideration. He is credited with meeting the prelease requirements for SkySong 5, the newest building on the ASU Scottsdale Innovation Center campus, so it could break ground. He also represented the prominent law firm Gammage & Burnham, PLC when it signed 24,000 square feet in the Renaissance Two building.

Adam Finkel

Senior Managing Director

Marcus & Millichap

Adam Finkel joined Marcus & Millichap Capital Corporation (MMCC) in July 2025 as Senior Managing

Director of the Phoenix office. Mr. Finkel is responsible for securing commercial debt and equity financing for

an array of property types including multifamily, office and industrial, retail, senior housing, and hospitality. He

is well connected with national, regional, and local funding sources including, but not limited to, agency lenders

(e.g., Fannie Mae, Freddie Mac), commercial banks, CMBS lenders, life insurance companies, private and

public funds, and hard money lenders.

He specializes in capital advisory for transitional and stabilized commercial real estate assets and brings a deep

understanding of structured finance, private capital, and institutional funding sources. Prior to joining MMCC,

Mr. Finkel served as Managing Partner and Co-Founder of Tower Capital, a Scottsdale-based capital advisory

firm he launched in 2015. Under his leadership, the firm built a regional presence, adding offices in Denver, Los

Angeles, and Dallas. The company originated more than $3.5 billion in debt and equity across asset classes and

was consistently ranked among the fastest-growing private companies by Inc. 5000. Before founding Tower

Capital, Mr. Finkel was a Vice President at Johnson Capital, where he arranged over $360 million in bridge and

permanent financing for property owners nationwide. He also held leadership roles at Travers Realty

Corporation, including serving as Designated Broker and Managing Director of the firm’s Phoenix office, and

began his career at Levrose Real Estate, where he negotiated more than 300 commercial transactions.

Mr. Finkel is a graduate of Arizona State University, where he earned a bachelor’s degree in Business

Administration and Communication. He holds a real estate broker’s license in Arizona and is a Certified

Commercial Investment Member (CCIM). He is actively involved with Urban Land Institute (ULI), National

Association of Industrial and Office Properties (NAIOP), and the Arizona State University Real Estate Counsel.

Additionally, he has supported various philanthropic efforts through organizations such as Brokers for Kids, C4

Foundation, Teen Lifeline, Jewish National Fund and Child Crisis Arizona. Mr. Finkel is also deeply engaged in

the Jewish community, serving as a member of the National Young Leadership Cabinet for the Jewish

Federations of North America.

Asset Class Insights

Understanding Key Fundamentals for 2025 and Beyond

Chuck Carefoot

Chuck Carefoot

President of Southwest Region

Ryan Companies

Julie Cornelius

Julie Cornelius

Managing Director

Lincoln Property Company

Thomas Maynard

Thomas Maynard

SVP

Greater Phoenix Economic Council

Darryn Jones

Darryn Jones

Business Development Executive

Mortenson

David Hrizak

David Hrizak

CEO

The Streamline Companies

Mike Krentz

Mike Krentz

President

DAVIS

Tonya Lively
Moderator

Tonya Lively

VP

Commonwealth Land Title

Chuck Carefoot

President of Southwest Region

Ryan Companies

A key player in the Southwest Region’s growth during the past 15 years, Chuck now serves as the region’s leader. As President of the Southwest Region, he oversees team members from all of Ryan’s services and works closely with the entire regional leadership team to purposefully grow the region in concert with the company’s strategic direction. Chuck is also responsible for developing strong, productive relationships with partners and market players across the spectrum. He brings 25 years and over 25 million square feet of project experience—all at Ryan—to his new role, including deep expertise in design, development, construction management and leadership. Under his guidance, the Southwest Region supported Ryan’s expansion into the West, Northwest and Rocky Mountain Regions— forming the Western Division and growing the Southwest Region from $100M to more than $800M in the entire division. Each of those new regions were staffed and led in part by Chuck’s trained construction teams, while he held direct responsibility for each of those teams until the regional offices were formally established. He has a reputation for leading with integrity and trust.

Julie Cornelius

Managing Director

Lincoln Property Company

Julie Cornelius serves as Managing Director of Lincoln Property Company for the Arizona, Nevada, and New Mexico markets, directly overseeing the management, leasing, and project management of 24 million sq. ft. of Class A office and industrial product. She is also responsible for client relations, operational issues, recruitment and development of top talent, and delivery of property management services.

With over 10 years of commercial real estate experience and an employee with Lincoln since 2019, Julie has a passion for creating and implementing innovative solutions across a variety of real estate service platforms. Julie began her career as an associate attorney at a law firm specializing in construction defect and insurance defense claims. Prior to joining Lincoln, she held positions with CBRE and Ryan Companies.

Thomas Maynard

SVP

Greater Phoenix Economic Council

Thomas Maynard, the GPEC Senior Vice President of Business Development, has been with the Greater Phoenix Economic Council since August 2013. Thomas co-manages the Business Development team and oversees GPEC’s international business attraction efforts. Over the years, Thomas has worked with hundreds of companies evaluating Greater Phoenix, ranging from Fortune 500 companies to startups.

Thomas is currently serving as an Honorary Commander, a unique program that pairs community members with leaders from Luke AFB. He also serves on NAIOP’s Developing Leader Steering Committee.

Thomas was named to the 2020 list of North America’s Top 50 Economic Developers and was recognized a 40 under 40 Economic Developers Class of 2021. Thomas is an Arizona native, grew up in Tucson and graduated from Arizona State University with a degree in journalism with a focus in public relations. He lives in Phoenix with his wife Mo and French Bulldog, Hugo.

Darryn Jones

Business Development Executive

Mortenson

As a Market Executive with nearly 14 years of experience, Darryn is focused on problem solving, making use of his experience to anticipate needs, and searching for opportunities to develop strategic partnerships to deliver value Mortenson’s customers. Darryn is responsible for setting the strategy for the development of healthcare, industrial, and mission critical assets for Mortenson’s Phoenix Office. Darryn previously served as the Vice President of Emerging Technologies at the Greater Phoenix Economic Council, where he was responsible for bringing projects to the market that delivered over $600M in capital investment and over 3,000 jobs. A native of Baltimore, Darryn received both his Bachelors and Masters degrees from the Johns Hopkins University, where he was a Bill and Melinda Gates Millennium Scholar.

David Hrizak

CEO

The Streamline Companies

David J. Hrizak is a dynamic, versatile, and seasoned leader with extensive experience in real estate strategy formulation, implementation, and development. Demonstrating a history of creative deal-making, he has been involved in an array of transactions in the office, retail, industrial, medical, and residential sectors aggregating over $400MM.

As an entrepreneur with a proven track record of developing multiple businesses and properties utilizing both personal and private investment capital, he has generated above average returns for partners on every project.

David began a career in real estate in 1995 as a commercial real estate broker marketing cash flow producing assets such as office buildings, shopping centers and apartment buildings. After four years of success and tapping out the potential within a family-owned business, he launched his entrepreneurial career with creation of Investment Property Consultants, Inc., a licensed Illinois Real Estate Broker serving as broker and property manager of investment real estate totaling over $150MM.

In 2001, he formed Burzak Investment Group, Inc., with the goal of locating and identifying real estate development opportunities, either as ground-up development or redevelopment of existing properties. Utilizing creative deal-making and strong negotiation skills, David directed the company’s successful participation in the office, industrial, medical, retail, and residential sectors. Investments included buy, build, and hold for cash flow and buy, build, and sell projects.

In 2010 David founded Streamline Construction & Development Corp., a General Contracting firm, to further enhance investment returns by providing budget cost analysis and project management on development projects. Burzak and Streamline Construction & Development together have facilitated and executed investments totaling over $100MM.

David brings to Streamline Capital Group, LLC experience and expertise including identification and analysis of sites for investment or development, direct involvement in the entitlement process with various municipal bodies and officials, oversight of the construction process, and cultivation of financing relationships.

As a collaborative and community-minded project leader, David spends his time volunteering as Chairman of the Board of Oakwood Creative Care, a nonprofit serving those suffering with Alzheimer’s disease and dementia. He lives with his family in Mesa, Arizona.

Mike Krentz

President

DAVIS

Mike leverages over 30 years of well-rounded architectural and design experience to his role of President of DAVIS. He

is responsible for the leadership of a multi-dimensional architectural practice that is passionately committed to enriching

the human experience. Mike’s varied background allows him to provide both guidance and mentorship to staff, young and

experienced alike, in a wide variety of design milieus. Mike’s responsibilities range from writing and negotiating complex

performance contracts to promoting an unparalleled standard of excellence in the design of all of DAVIS’s architectural

endeavors, from small tenant improvements to large master planned communities. Having been a part of the evolution of

DAVIS since 1987 and having served in leadership roles in Phoenix, California and Austin, Texas offices, Mike has always

believed that seeing the ‘big-picture’ in development and architecture is critical in the genesis of every good project design.

And under the guidance of a seasoned team, excellence happens in the perfect storm that includes attention to the big

picture, attention to detail, and intense consideration of the Client’s needs.

Tonya Lively

Moderator

Commonwealth Land Title

As Vice President of Escrow & Sales Operations at Commonwealth Land Title National Commercial Services, Tonya Lively utilizes her 20 plus years of Escrow

experience to provide the best in class closing services to clients in Arizona and

across the country. Her leadership has resulted in increased market share through providing education and data-based knowledge to both her escrow and sales staff but also to her clients.

Opening Address from the Mayor

Kate Gallego
Keynote

Kate Gallego

Mayor

City of Phoenix

Kate Gallego

Mayor

City of Phoenix

Mayor Kate Gallego is the second elected female Mayor in Phoenix history and the youngest big city Mayor in the United States. She graduated from Harvard University and earned an MBA from the Wharton School of Business at the University of Pennsylvania. Before being elected to Phoenix City Council, Mayor Gallego worked on Economic Development for local utility company, Salt River Project.

Mayor Gallego has focused on three key policy areas during her time in office: diversifying the economy, strengthening infrastructure investment, and working to make Phoenix a leader in sustainability. Her record of proven results includes leading the campaign to pass Phoenix's citywide transportation plan through 2050, which was the largest local government commitment to transportation infrastructure in the country when it passed in 2015. She has led efforts on criminal justice reform and ensuring equal pay for equal work. Mayor Gallego is passionate about building a Phoenix that works for everyone and increasing the quality of life for all Phoenicians.

Phoenix is the fifth largest city in the United States and is currently the fastest growing city in the country.

WHY THIS MATTERS

What You'll Learn:

  • How has Maricopa County emerged as a top site for economic development, and what factors have contributed to this growth?

  • How are demographic changes and the influx of new companies into the Phoenix market influencing the future of real estate asset classes, and what infrastructure developments are necessary to support this growth?

  • What are the key economic benefits of adaptive reuse compared to new construction in the Phoenix market?

  • What strategies can the Metro Phoenix construction industry implement to manage rising construction costs while maintaining the pace of development in the face of increasing demand?

  • How have recent economic shifts impacted capital availability for commercial real estate in Phoenix?

  • What are the key trends and predictions for the Phoenix commercial real estate market in 2025? How should businesses prepare to address the evolving demands and challenges of this market?

How You'll Do More Business: Phoenix is one of the fastest-growing markets in the country, driven by robust economic development and innovative projects. Attending this event will provide access to critical industry insights and emerging trends in the Phoenix real estate market, aiding in informed strategic decision-making. Panel discussions with industry leaders will offer effective strategies to drive economic growth, develop adaptive and sustainable real estate solutions, and foster long-term innovation and success. Don't miss this opportunity to learn about adaptive reuse, capital markets, and asset projections for 2025.

Who You'll Network With At This Discussion: Owners, developers, investors, entrepreneurs, brokers, public officials, architects, tenants, engineers and service providers driving the market forward.

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to help you identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than we do.

Interested in learning more about Semiconductor Infrastructure? Join our panel discussion to be held in the same space November 20! 

For questions, recommendations, comments or press inquiries, please email our event producer, Kay VanAsdale at kay.vanasdale@bisnow.com. To request disability-related accommodations, please contact janet.fernandez@bisnow.com no later than seven business days before the event.

PHOENIX CRE PROJECTS & NEWS

Venue

Scottsdale Marriott at McDowell Mountains
16770 N. Perimeter Drive
Scottsdale, Arizona 85260

Ballroom: Valencia, 2nd Floor


$10 event self-parking, $30 valet parking

Get Directions

Agenda

Time Activity
3:00 PM
4:00 PM
Breakfast and Networking
4:00 PM
4:10 PM
Opening Address: Mayor Kate Gallego
4:10 PM
4:55 PM
Getting Deals Done

Key Insights on Managing Projects from Concept to Completion, Highlighting Market Dynamics, Capital Strategies, and More

4:55 PM
5:10 PM
Networking Break
5:10 PM
5:55 PM
Adaptive Reuse in Phoenix

How Redevelopment of Existing Structures Can Unlock Untapped Potential, Drive Value and Foster Sustainable Development

6:00 PM
6:45 PM
Asset Class Insights

Understanding Key Fundamentals for 2025 and Beyond

6:45 PM
7:00 PM
Closing Networking

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