Business Details
Your Trusted Commercial Real Estate Partner in Phoenix
Hannay Realty Advisors is a privately held, full-service commercial real estate management and investment firm headquartered in Phoenix, AZ. With over 30 years of experience navigating diverse market cycles, the company provides comprehensive solutions across property management, construction, and investment services. Their unique approach combines institutional resources with local market expertise, enabling rapid adaptation to industry changes while maintaining a boutique firm's personalized service. Specializing in distressed asset management and receivership services, Hannay has handled $2 billion in commercial real estate loans as a court-appointed receiver. The firm's vertically integrated model includes in-house asset management, facilities maintenance, and construction teams, ensuring strategic oversight and cost-effective property management.Operating nationally while preserving entrepreneurial agility, Hannay serves private and institutional clients across office, retail, industrial, multi-family, and self-storage asset classes. Their commitment to maximizing asset value is demonstrated through a proprietary planning process that includes market analysis, strategic financial recommendations, and long-term capital expenditure planning. With a staff of over 70 professionals, including licensed contractors and certified accountants, the company maintains a reputation for delivering exceptional service quality and operational efficiency across 20 million square feet of managed commercial real estate.
Services
Property Management
Construction Management
Investment Services
Receivership Services
Asset Management
Highlights and features
- We offer 30+ years of commercial real estate experience across all asset classes
- Our in-house asset management model ensures strategic property oversight
- We have handled $2 billion in commercial real estate loans as court-appointed receivers
- Vertically integrated services combine property management, construction, and finance expertise
- Nationally recognized authority in distressed property management with local market knowledge
Services
Property Management
Hannay's property management services combine institutional expertise with personalized attention across 20 million square feet. Our in-house asset managers provide strategic oversight, financial recommendations, and long-term capital planning. This vertically integrated approach ensures coordinated efforts between property managers, leasing teams, and maintenance staff to maximize asset value through market analysis and operational efficiency.
Construction Management
Our construction division offers full-service general contracting and tenant improvement solutions. With decades of experience across all asset classes, we deliver cost-effective projects on time while maintaining quality standards. The team provides specialized mechanical systems expertise and facilities maintenance services, ensuring comprehensive support for both owned and third-party commercial properties through licensed contractors and modern project management tools.
Investment Services
Hannay's investment division manages commercial real estate across office, retail, industrial, and multi-family sectors. With over $750 million in transacted properties, we offer strategic acquisition, asset enhancement, and disposition services. Our market expertise spans distressed assets to core holdings, providing clients with tailored investment solutions supported by 30+ years of cyclical market experience and institutional-grade portfolio management capabilities.
Receivership Services
As court-appointed receivers for $2 billion in commercial real estate, our specialized team handles complex distressed property management. We provide comprehensive solutions including asset stabilization, financial restructuring, and disposition services. This expertise combines legal compliance with operational excellence, serving major lenders and special servicers through transparent reporting and strategic value recovery initiatives across multiple property types and geographic markets.
Asset Management
Our asset management services integrate financial analysis with operational strategy to optimize property performance. The team develops customized plans incorporating market assessments, capital expenditure projections, and leasing strategies. This proactive approach combines local market knowledge with institutional resources to enhance returns while maintaining property integrity through coordinated facilities maintenance and tenant relationship management programs.
People
R. Craig Hannay
President
With over 30 years in commercial real estate, Craig Hannay transitioned from banking industry expertise in distressed properties to build Hannay Realty Advisors into a regional full-service firm. He oversees strategic direction while maintaining the company's entrepreneurial culture and local market focus across western U.S. operations.
Reid Bracken
Chief Operating Officer
Reid Bracken brings 30+ years of commercial real estate experience spanning brokerage, property management, and construction. As Arizona's designated broker, he administers multiple business lines while leveraging international experience from Asia Pacific market operations and distressed asset management during economic downturns.
Nick Eggen
Director of Leasing
Nick Eggen has negotiated over $150 million in commercial transactions across retail, office, and industrial sectors. With 20 years of leasing experience, he manages third-party client portfolios while serving as an active ICSC member and Junior Achievement volunteer in Arizona's commercial real estate community.
Mary C. Hislop
Treasurer
Mary Hislop oversees accounting and HR operations for 70+ employees, managing financial statements and tax compliance for all owned properties. With 30+ years in corporate finance, she previously held leadership roles at American Southwest Financial before joining Hannay's leadership team.
Tamara Hartrick
Director of Finance
Tamara Hartrick, a CPA with 30+ years in real estate accounting, directs financial operations at Hannay. Her expertise spans securitization REITs and receivership accounting, gained through roles at Ernst & Young and American Southwest Financial, where she managed complex financial instruments and tax compliance frameworks.
Questions
What commercial real estate services does Hannay offer?
We provide property management, construction management, investment services, receivership solutions, and asset management across office, retail, industrial, multi-family, and self-storage properties.
How long has Hannay been in business?
Our firm has over 30 years of experience in commercial real estate, with key leadership maintaining Arizona roots while expanding nationally since the 1990s.
What geographic areas do you serve?
We operate nationally with primary focus areas in Phoenix, Denver, Seattle, Los Angeles, Chicago, Tucson, and Kansas City markets across the United States.
What distinguishes Hannay from other real estate firms?
Our unique combination of receivership expertise, in-house asset management, and vertically integrated services enables comprehensive solutions while maintaining boutique-level client service.
Can you handle distressed property management?
Yes, we've served as court-appointed receivers for $2 billion in commercial real estate loans, specializing in distressed asset stabilization and strategic disposition services.
Do you offer construction services for commercial properties?
Our construction division provides general contracting, tenant improvements, and facilities maintenance services for all commercial property types through licensed contractors.
