X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-PGP Valuation Inc. has teamed with Colliers International’s local office to add a presence in the metro area. The partnership means Colliers has an on-site appraisal and valuation service for multifamily, industrial, retail, office, land and residential developments throughout Arizona.

Phil Steffen, who is executive managing director of the new office, says Phoenix was a logical choice for a new operation because of the city’s size and location. “It gives us a good synergy with our Southern California, Denver and Dallas offices,” he tells GlobeSt.com. “It fills in the blank geographically.”

Joining Steffen in the new office are appraisers Matt Stephen and Alex Esnard. Steffen’s goals are to build the business to a seven-person operation within the next three years.

Long-time veteran Steffen joined PGP in 1979; a year after the company was founded, and started the Seattle, WA operations. He spent 22 years overseeing PGP’s operations in the Pacific Northwest, then moved south to help the company with its Southern California offices. When the opportunity came up in Phoenix, Steffen says it provided a great opportunity for him to start something new, in a different market.

Furthermore, PGP’s and Colliers’ parent company First Service Corp. of Toronto has national practices that handle self-storage facilities and manufactured home parks. Steffen sees synergy in that as well. “There are 1,212 self-storage facilities, and we’re aiming to appraise all of them,” Steffen says. “There are 940 manufactured home parks in Arizona, and at some point, we’ll appraise all of those, too.”

Needless to say, PGP’s appraisal and valuation will focus on other product as well, and Steffen says the area’s infrastructure is outstanding, which makes it easy to get from place to place to get the work done. Furthermore, “the real estate people in this town are fantastic,” he adds. “It’s a great group to be part of.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.