Voit Continues Expansion With Opening of Phoenix Office

The opening is actually a re-opening: the Newport Beach, Calif.-based company has previously had a Phoenix office, but closed it in 2008 during the recession. So could this herald the return of good times to the market? Perhaps.

June 23, 2010
By Allison Landa, News Editor

Courtesy Flickr Creative Commons user kevindooley

Voit Real Estate Services just keeps spreading its wings. This month the firm has opened a Phoenix office: its eighth in total.

The opening is actually a re-opening: the Newport Beach, Calif.-based company has previously had a Phoenix office, but closed it in 2008 during the recession.

So could this herald the return of good times to the market? Perhaps.

“We are establishing this Arizona office as part of an exciting ‘boots on the ground’ campaign designed to make the Voit platform of services more accessible to investors, banks, financial institutions and special servicers for which we serve as surrogate owners of their assets,” CEO Robert Voit said when announcing the news. “Our expertise in this market includes our development and construction activities dating back to the early 1970s.”

According to Voit, the firm’s expansion initiative will allow it to offer asset and property management, brokerage, construction and development services, financial analysis, property condition assessment and market research in the Phoenix area. The office is Voit’s eighth.

Voit was founded in 1971 and currently has 170 employees. It has owned, developed and managed more than 45 million square feet of commercial real estate, participated in $1.3 billion worth of construction projects and completed more than $32 billion in brokerage transaction volume.