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Philip Wurth | Colliers | Scottsdale

Philip Wurth

CCIM

Executive Vice President

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About

Professional Summary

Philip Wurth, CCIM, is an executive vice president with Colliers, specializing in the acquisition, disposition and leasing of healthcare properties, including medical office buildings, surgery centers, hospitals, behavioral health and seniors housing facilities (skilled nursing, assisted living and memory care).

Visit the Wurth-Loye Healthcare Real Estate Team website to learn more about the team’s services and expertise.

With more than 17 years of experience and over 1,000 transactions completed, Philip is recognized as one of Colliers’ top brokers in Arizona.

His nuanced knowledge of medical requirements enables him to assist clients in not only securing the right location for their investments, but also negotiating the maximum value for their properties. Through strategic representation, Philip delivers portfolio gains to his clients during challenging market highs and lows. He maximizes the value of his clients’ investments through an approach built on trust, in-depth market knowledge, first-rate financial acumen, and expert negotiating skills.

Philip provides clients with market and financial analyses, trend forecasts, and targeted marketing designed to identify and attract buyers and tenants. With his proven track record of success, institutional and private investors, landlords and tenants can rely on Philip to achieve their real estate and financial objectives.

Providing best-in-class service, Philip brings an extensive knowledge of the healthcare real estate market and a profound dedication to client relationships. He epitomizes the core values of integrity, honesty, trust and good old-fashioned hard work.

Prior to joining Colliers, Philip was a vice president at Sperry Van Ness, specializing in owner/developer and tenant representation, and site selection services for small business commercial office space solutions.

Philip began his real estate career at Logan Commercial in 2003, where his creative marketing efforts and grassroots approach to client contact generated over 200 sale and lease transactions, totaling 550,000 square feet. He served on Logan’s Broker Advisory Board, providing strategic direction and current market expertise.

Accomplishments

  • Completed more than 1,000 sale and lease transactions, totaling over 1 million square feet
  • 2020 - #12 Top Producer, Arizona
  • 2019 - #1 Top Producer, Scottsdale office; #10 Top Producer, Arizona
  • 2018 - #1 Top Producer, Scottsdale office; #6 Top Producer, Arizona
  • 2017 - #2 Top Producer, Scottsdale office; #12 Top Producer, Arizona
  • 2016 - #1 Top Producer, Scottsdale office, #11 Top Producer, Arizona
  • 2015 - #1 Top Producer, Scottsdale office; #9 Top Producer, Arizona
  • 2015 - Earned the CCIM designation - Certified Commercial Investment Member
  • 2014 - #1 Top Producer, Scottsdale office; #10 Top Producer, Arizona
  • 2009–2012 - Top 3 Producer, Scottsdale office
  • 2009 - RED Award for Best Office Condo Project for The Presidio

Education

  • Bachelor of Science, Accounting, Arizona State University

Memberships & Involvements

  • Colliers Healthcare Services
  • CCIM - Certified Commercial Investment Member
  • Commercial Investment Real Estate Institute
  • Colliers | Arizona Leadership Council

Clients

  • MedProperties Group
  • Medical Properties Trust
  • SIP Med
  • Southeast Valley Gastroenterology
  • Phoenix Orthopedic Surgeons
  • Phoenician Medical
  • Lillibridge Healthcare Services
  • Regency Medical Specialties
  • Dignity Health
  • RBR Capital Group
  • AKOS Healthcare
  • First Fidelity Bank
  • Melcor Development
  • Wentworth Properties
  • Diversified Partners
  • Arizona Associates for Reproductive Health

Testimonials

"Phil Wurth has been an exceptional resource for our business. We have trusted him with the brokerage of our portfolio of multi-tenant office parks in Scottsdale. We appreciate he can be on site at a moment’s notice and his hands-on philosophy when it comes to assisting clients. When faced with complicated rebuilds for tenants, Phil’s cooperation and guidance has been tremendously helpful to ensure the process is streamlined. Working with Phil has always been an enjoyable experience. He will continue to be an important part of our properties’ success in the market.”—Ryan Miller, Partner, RBR Capital Group

“For the past four years, Phil has been a trustworthy source for brokerage guidance and assistance. He’s been a key player in team collaborations to execute and organize the many moving parts of lease transactions in the most time-sensitive manner. In our most recent transaction, Phil was dedicated to keeping us in the loop and provided candid feedback to ensure the best decisions were made. The lease process was swift and seamless. We look forward to future transactions directed by Phil and his team. It is a huge comfort to know our property is in good hands.”—Harold Dorenbecher, Managing Director, Northern Trust Bank

Services

Skills

Healthcare, Investment Properties

Service Lines

Landlord Representation, Tenant Representation, Capital Markets

Property Type

Office, Healthcare-Medical

My Team

Featured Research

May 3, 2021

2021 Q1 Greater Phoenix Medical Office Market Report

The Greater Phoenix medical office market ended Q1 2021 posting -12,431 SF of net absorption. Rental rates are continuing to grow, increasing 6.2% YOR and 3.1% over-the-quarter, ending at $22.92 PSF. No new product was delivered this quarter, putting pressure on vacancy. Median sales price PSF reached highest point in any quarter in Phoenix history, ending at $373 PSF
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Apr 14, 2021

2021 Q1 Greater Phoenix Office Market Report

Phoenix office market ended Q1 2021 posting -372,905 SF of net absorption, marking the second consecutive quarter of more than 100,000 SF of negative absorption. Direct vacancy increased 80 bps quarter-over-quarter and 150 bps year-over-year to finish first quarter at 13.8 percent.
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Jan 27, 2021

2020 Q4 Greater Phoenix Medical Office Market Report

The Greater Phoenix medical office market added 26,451 SF of inventory in Q4. Vacancy dropped to 13.2%. Available sublease space decreased 16% over the quarter. Under construction projects are pre-leased at a rate of 76.7%. Rental rates increased by 5.3% YOY to end 2021 at $22.28 PSF. Sales volume increased 45.2% over-the-quarter.
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Featured News

Apr 19, 2021

Phoenix office market challenged by pandemic impact

First quarter 2021 brought a significant uptick in office tenant touring and an amplification of business activity to Phoenix, according to Colliers’ office market report. Q1 2021 was the second consecutive quarter of negative net absorption, posting -372,905 square feet during the three months.
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Feb 24, 2021

Nutex Health acquires Gilbert emergency facility

Nutex Health purchased the Gilbert Emergency Hospital at 5656 S. Power Road in Gilbert, Arizona, for $10.5 million. Philip Wurth and Alexandra Loye of Colliers in Arizona represented the seller, MPT Operating Partnership LP in Gilbert.
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