Middle Market Digest: This Week in Southwest

This week, deal flow came from every corner of the Southwest market, with Upland, CA; Perris, CA; Colton, CA; Lake Elsinore, CA; and Chandler, AZ, all making the list of the regions most noteworthy deals. In Perris, six retail pads on a 225,000-square-foot shopping center traded hands in separate transactions. In Colton, three adjacent warehouses totaling 743,381 square feet traded hands. In Chandler, the 129-room Hyatt Place Phoenix traded hands, and in Upland, CA, US Storage added 483 more units to its growing portfolio. Activity in the development arena also kept up this week, with the highlight being the opening of the NoMad hotel in Downtown Los Angeles. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

NEW & NOTABLE SCOTTSDALE, AZ—Realty Executives International has named Patrick van den Bossche as it’s new president. This appointment rounds out the global real estate firm’s leadership team focused on aggressive network growth and expansion. Van den Bossche was born in Rotterdam, Netherlands, immigrating as a teenager to the United States with his parents who were immigrants from Indonesia. He brings with him 30 years of experience as a C-suite executive managing fast growth, start-up and next-growth companies. His track record of success leading companies across multiple industries includes Barrett-Jackson Auction Company, Echo Automotive Inc., SPI Holdings Inc., and Modtech Holdings Inc.  He is also an industry insider, getting his real estate license in 2005 and leveraging it throughout his business dealings.

SAN DIEGO—Colliers International San Diego Region has hired Raul Carmona as VP specializing in industrial property sales and leasing in Otay Mesa, Tijuana, Mexicali and Baja California. Raul will be based in Colliers International’s UTC office. Originally from Tijuana, Baja California, Carmona holds more than 30 years of cross-border manufacturing plant management and property brokerage experience. He served as the Director of Economic Development for the City of Tijuana and was most recently affiliated with Vesta Industrial Real Estate. He is actively involved with the Western Maquiladora Trade Association and American Society of Manufacturing Engineers.