PRESS RELEASE: Colliers International Hires Leader in Residential Land Acquisitions and Dispositions

PHOENIX, AZColliers International Greater Phoenix has named Michael E. Farrar, MBA, MIM, a vice president specializing in residential land acquisitions and dispositions for its Scottsdale office.

Farrar joins the Land Advisory Group, working with landowners, investors and developers to maximize the value of their land assets.In addition, he is serving clients in the sale and leasing of office and retail properties.

Farrar brings more than 20 years of experience in commercial real estate development, entitlements, asset analysis and feasibility. He has experience brokering a variety of properties from single-family lots to multi-million dollar investment properties, as well as the leasing of small retail spaces and large office/warehouse buildings.

“Michael’s versatile industry experience, knowledge of the market and service-oriented approach make him an outstanding addition to the Scottsdale office,” said Bob Mulhern, managing director of Colliers International Greater Phoenix. “Michael brings a steadfast dedication to ensuring his clients’ business objectives are met.”

Before joining Colliers International, Farrar served as the President and Designated Broker for Coldwell Banker Commercial (CBC) Metro Central for the Phoenix region. Farrar provided strategic counsel and a full range of services to help leading companies create value and manage risk in dealing with challenged real estate and mortgage assets.

“Colliers’ talented leadership, accomplished brokers and positive position in the marketplace attracted me to this dynamic organization,” Farrar said.

In addition to serving as a Carefree councilmember, Farrar is a member of the Carefree Water Company’s board of directors and a member of the Arizona Rental Housing Association.

The native Arizonan holds a broker’s license with the Arizona Department of Real Estate.

Farrar earned double international MBA's from Thunderbird School of Global Management and the Helsinki School of Economics in Finland. He graduated cum laude from Northern Arizona University’s W.A. Franke College of Business with a bachelor's degree in international economics.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

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Colliers International Greater Phoenix has served clients locally and globally for more than 30 years.

Contact: Denise D. Resnik

Tel:  602.956.8834, x 111

Email:  [email protected]