Saul Reigning Over Prudential CRES Arizona

Saul accepted the top slot shortly after Shea Commercial LLC's brokerage division became Prudential CRES Commercial Real Estate in late November 2006, but the news was kept under wraps until now. Hendricks & Partners did not respond by deadline for comment on the executive's departure.

Because Shea's expertise is the office condo market, Saul tells GlobeSt.com that the present goal is to expand into other areas of brokerage. "The initial part of what we'll do is grow the business, complementary to what we currently do and then move into other areas as needed," he says. "We have the Nevada, Arizona and Southern California regions of Prudential. Our direct goal is to grow the Arizona market."

There are now 34 employees reporting to him, but Saul says he'd like to see that beefed up to 55 by year's end. He adds that growth will be controlled to accommodate needs of clients and all facets of the market and industry will be tapped for future employees.

"We're extremely excited about the next chapter of brokerage for the Prudential CRES office in Arizona," Saul says. "We're part of a national network that will help grow the markets."

Shea Commercial split the brokerage and development divisions and set about re-branding itself, as previously reported by GlobeSt.com. The change took effect Jan. 1, with brokerage becoming an independent franchise of Beverly Hills, CA-based Prudential CRES Commercial Real Estate. Shea's development arm was reorganized into a REIT, with president and CEO Jim Riggs remaining at the top.