PHOENIX-RiverRock Real Estate Group, a Newport Beach, CA-based management and leasing firm, has nabbed its first assignment in the Valley. The firm will handle the property management of a 1.6-million-square-foot industrial portfolio that includes 14 manufacturing and distribution warehouse buildings.

RiverRock Founder John Combs declined to disclose the firm’s newest client, but local sources say DCT Industrial, a Denver-based REIT, owns the industrial portfolio. In March, the REIT awarded property management responsibilities for its Phoenix portfolio to The Muller Co., a Laguna Hills, CA-based firm, and it looks like the properties are changing hands again.

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