Evergreen Launches New Advisory Group

PHOENIX-After years of analyzing, managing and developing millions of square feet of its own retail and mixed-use properties as well as providing consulting services, Evergreen Development Co. has launched a new group to provide the same services to outside clients. Evergreen Commercial Advisers is geared to work with law firms, insurance companies, consultants and investors on everything from development to asset management.

Evergreen Commercial Advisors consulting manager Roger Arenswald says the market dictated the company’s decision to form the group. Given the current economy, there is going to be some opportunity in the field. “We’re not looking to purchase or snatch up distressed assets, but to take care of, or help people who have distressed assets analyze what they have, manage it, and continue to protect the value,” Arenswald tells GlobeSt.com.

Evergreen Commercial Advisors offers financial consulting and analysis; asset management and project management and development. The latter includes entitlements, permitting, construction management and even LEED certification strategy. Arenswald says Evergreen Commercial Advisors already has its first client, a bank that is foreclosing on land.