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Rommie Mojahed of Sperry Van Ness Named Tomorrow’s Retail Leader

Sperry Van Ness is proud to congratulate Rommie Mojahed on being named one of the Real Estate Forum’s Tomorrow’s Retail Leaders in the May issue of ReForum Magazine!

“Rommie stands out in his knowledge of the trade area developments, trends and upcoming changes that would influence the viability of a property from a long term perspective.” says Mary Ridberg, business partner.

Nomination Q&A:

What makes this nominee stand out from his or her counterparts? How does he or she show the potential to be a leader in the commercial real estate retail scene?

“Rommie stands out in his knowledge of trade area developments, trends and upcoming changes. He not only knows the property and area in general but specifics that would influence the viability of a property from a long term perspective. Rommie has a strong relationship with Economic Development leaders in many municipalities and takes the time to investigate and stay ahead of changes that can impact the economic environment.”

What are the nominee’s current responsibilities?

Rommie Mojahed is part of a powerhouse retail team at Sperry Van Ness, LLC alongside Mary Riberg. Mary & Rommie are directors of leasing for the office and participate in hosting monthly peer meetings, provide mentorship & goal setting and actively promote recruiting.

The team currently has 39 active retail leasing and sale listings. To view all of these listings click here

What are the nominee’s notable career achievements? (Significant transactions, deal volume, negotiations, cases or projects, etc. Please include timeframe for transactions.)

Rommie works in both Landlord and Tenant Representation sectors. In the past year the team represented one of the largest growing direct marketing companies in the U.S. with an expansion totaling over 154,000 SF in two transactions over 6 months time.

Rommie represents several national brands in active expansion within the Phoenix metro market.
He has also taken a property purchased out of foreclosure from over 50% vacant to 100% leased and is currently embarking on a redevelopment project of a stalled project set to be introduced at the upcoming RECON ICSC conference in Las Vegas in May 2014.

Rommie’s transactional volume has ranked him in the top achievers category in the past three years and has promoted him to the position of Director of Leasing with his partner.

Please list any In-House or Industry Accomplishments or Recognitions; Membership/Activity/Achievements in Business or Career-Oriented Organizations; and Membership/Activity/Achievements in Charitable or Civic-Minded Organizations:

Rommie has been awarded the prestigious “Achiever” award for transactional volume from SVNIC in 2011, 2012 and 2013.

Why did the nominee choose a career in commercial real estate?

Rommie began his career in the residential and land sector and was recruited out of that sector to join Mary Ridberg in spearheading the expansion of the Retail component for Sperry Van Ness. The team was sought by the company due to their solid knowledge of the retail market and strong connection to a network of brokers in the Phoenix market with whom they collaborate on a regular basis.

Rommie began his career in real estate due to his passion for the world of growth and change it allows him to be a part of.

What does the nominee think it takes to rise to the top of the commercial real estate retail market, and how does s/he intend to get there? Include overall career goals.

Rommie believes in effective communication , accessibility and commitment to each client as what has brought him to where he is today and where he wants to go in the future. Being available to assess each situation and evaluate the impact of outside factors to the business and how it affects the long term sustainability is key to their success and ultimately mine. We are only as successful in our own world as our clients are in theirs

Comment on how you believe the retail property market is changing in this cycle, and what you expect it will look like in the far future.

The biggest change in the Retail Sector currently is the absorption of existing space which allows for renewed promise in the future. Current vacancy rates have dropped at the same time that economic trends have shown hope. Retailers considering expansion or those immerging into new markets look to potential new development for the first time in what feels like a long time. Staying connected with Economic Development trends allows us to stay connected with future planning and assess areas that lie in the path of progress. I see optimism in the retail sector coupled with the pragmatic reality of what the market will bear with regard to lease rates that will be able to provide long term sustainability by tenants occupying space.

Click here to view the official article in REForum Magazine