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Larry Ortega | Colliers | Phoenix

Larry Ortega

Executive Vice President

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About

Professional Summary

I specialize in the sale, leasing and development of retail properties. Over the years, I have had the opportunity to work developing power centers, neighborhood centers, lifestyle centers, as well as stand-alone retail buildings, and especially restaurant buildings. I also represent leading local, regional and national retail tenants.

On large projects, I partner with team members who specialize in specialty office and retail, as well as multifamily. I specialize in redevelopment of urban retail in downtown Phoenix, Tempe and Mesa 

I rejoined Colliers International in 2010, and was previously with Colliers from 1990 to 2006. Prior to rejoining Colliers, I was a senior vice president with Staubach Retail from 2006 to 2009, specializing in shopping center development, tenant and landlord representation, and dispositions.

From 1987 to 1990, I was with Arizona Retail Group/Chain Links, specializing in retail tenant representation. Previously, I was vice president of retail development for Trinity Development, where I developed two million square feet of neighborhood and specialty centers in Arizona and Colorado. Prior to that, I formed a partnership to syndicate large land parcels in west and northwest Phoenix from 1982 to 1986.

Accomplishments

  • CoChaired Colliers Restaurant Practice Group
  • Ranked in the top producers with Colliers International multiple years
  • Staubach Retail - completed the largest single retail sale transaction in firm’s history
  • Re-tenanted over two million square feet of big box vacancy, including former CVS, Eckerd, Sav-On, Osco, Albertson’s, Walmart, Circuit City, Linens Plus, Michaels, Fry’s, Grocery, Smitty’s, Safeway, Costco, Ross and Marshall’s

Education

  • Attended University of California, Fullerton, Art major
  • Master's Program in Leadership Studies, Phoenix

Memberships & Involvements

  • Arizona Retail Services Team | Colliers International
  • International Council of Shopping Centers (ICSC)
  • Colliers International Retail Services
  • MentorKids USA
  • AZ LeaderForce
  • The Master's Program

Clients

  • Mad Greens
  • Noodles & Company
  • Rumbi Island Grill
  • Live Nation
  • Spencers Appliance
  • Tavistock Group
  • Bank of the West

Testimonials

“Larry brings the whole package, plus some—unmatched integrity, great relationships, strong negotiating skills, and a deep understanding of his markets. I can count on Larry to always look out for our best interests.” - Mike Wood, Tavistock Restaurant Group

"I have had the pleasure of working with Danny and Larry Ortega for a number of years, representing the Knowledge Learning Corporation account. Their professionalism and market knowledge are outstanding. They consistently deliver quality sites as well as great customer service and follow-through, resulting in many successful projects." - Glenda Hollenbeck, Director of Real Estate, Knowledge Learning Corporation

Services

Skills
Development Consulting, Ground lease, Restaurants, Project Leasing
Service Lines
Landlord Representation, Tenant Representation
Property Type
Retail

My Team

Featured Research
Jan 21, 2021
2020 Q4 Greater Phoenix Retail Market Report
The Phoenix retail market ended Q4 with 64,036 SF of negative net absorption, but stayed positive over the year ending at 215,692 SF. Vacancy increased 20 bps over-the-quarter and 60 bps YOY to the rate of 7.9%. Despite national headlines of declining retail rental rates, the Phoenix market held steady.
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Oct 19, 2020
2020 Q3 Greater Phoenix Retail Market Report
The Greater Phoenix retail market ended the third quarter with 101,270 square feet of positive net absorption. Vacancy increased to 7.7 percent, elevating 10 bps over-the-quarter. Rental rates are struggling to maintain pre-pandemic levels, ending at $14.62 PSF.
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Jul 13, 2020
2020 Q2 Greater Phoenix Retail Market Report
The Greater Phoenix retail market ended the second quarter on the upside. Regardless of the retail sector being hit the second hardest of all CRE industries (second to hospitality), the market managed to produce 14,134 square feet of positive absorption.
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Featured News
Jan 27, 2021
Phoenix retail real estate endured difficult 2020
The retail real estate market was arguably hit hard by the COVID-19 pandemic, but metro Phoenix endured the challenges more successfully than most markets. The area posted positive net absorption in 2020, and rental rates remained healthy. Investment sales volume increased 49.1% from Q3 to $273 million.
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Oct 22, 2020
Q3 Phoenix retail market posts positive net absorption
Colliers International reports the Greater Phoenix retail market posted positive net absorption in third quarter, despite the continued impact of the COVID-19 pandemic. Vacancy rose slightly during the quarter to 7.7 percent as the city was recognized for comparatively low unemployment and small business closures.
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Jul 20, 2020
Greater Phoenix retail market remained healthy in Q2 2020
Colliers International reports the Greater Phoenix retail market finished Q2 2020 with positive net absorption, despite the impact of pandemic business interruptions. Vacancy remained healthy, but experts look towards the second half of the year to determine the long-term effects of COVID-19.
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Oct 22, 2019
Greater Phoenix retail market healthy despite national retail struggles
Colliers International reports the Greater Phoenix retail real estate market is performing well, despite the national trend of retail struggles. Overall vacancy of retail space in the metro area was approximately 7 percent at the end of third quarter.
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