WHO WE ARE
WHAT MAKES US DIFFERENT
RED Development has long been able to attract outstanding, experienced executives for roles across the company. Part of that appeal is our flat structure which promotes speedy decision-making and rewards entrepreneurial thinking. Through this wealth of industry talent, we’ve been able to incorporate the best practices of blue-chip real estate and retail companies in a manner that fits well within RED’s own nimble and fast-moving culture.
Run by a cohesive team of executives that includes its company founders, RED Development is both big enough and small enough – a privately held, well-capitalized organization with a rock-solid reputation for delivering projects and deals as promised.
HISTORY
RED was founded in 1995 by insightful and accomplished brokers who saw an unmet need for top-quality, distinctive retail projects. READ MORE.
PARTNERS
RED’s unique culture continues to attract outstanding people from a range of industry-leading retail and real estate companies. READ MORE.
EXPANDING RED DEVELOPMENT’S REACH
Over the years, RED has grown by building remarkable retail developments in markets including Arizona, Indiana, Kansas, Nebraska, Nevada and Texas. From this successful development platform, we honed expertise in shopping center leasing, management, marketing and more.
In 2004 the company formed an asset management services group to meet growing demand for skilled property management among third-party owners. We continued to open more high-profile developments and by 2007 this work had positioned the company for new opportunities, such as embarking on a company-defining project, CityScape in downtown Phoenix.
EVOLVING AS A FULL-SERVICE REAL ESTATE COMPANY
Within the economic challenges that first arose in 2008, RED Development evolved as a strong player in a changed real estate landscape with strong access to capital to fuel acquisitions. Today RED Development is a wholly integrated, full-service real estate company well-matched to today’s marketplace, where repositioning, remerchandising and adding value to existing properties are essential strategies for success.
What started as RED, named for its two original partners, now stands for something more: Resilient, Enterprising and Different. These defining characteristics come together in a multi-faceted company that is thriving by delivering excellence and value to its partners in today’s demanding real estate environment.
PARTNERS
SCOTT REHORN
MANAGING PARTNER, LEASING
As one of RED’s founding partners, Scott Rehorn has led the company’s highly successful leasing activities since 1995. Rehorn has built a top-notch leasing team that prides itself on developing outstanding relationships with key national and regional retailers, restaurants and entertainment tenants – essential not only for development projects, but also for repositioning and remerchandising existing centers for RED and other property owner clients. Among Rehorn’s many successes has been the ability to attract and retain marquee tenants such as Anthropologie, Apple, Chico’s, Crate and Barrel, lululemon, Lowe’s, Best Buy, Von Maur, Scheels, Target, P.F. Chang’s, Fleming’s Prime Steakhouse and many others to RED projects and markets.
MICHAEL EBERT
MANAGING PARTNER, DEVELOPMENT
As a founding partner, Mike Ebert has shaped the company’s successful development area in projects across the country since 1995. His keen insights and knowledge about the qualities that come together in a compelling property are an essential part of RED’s continued evolution as a preferred partner for national retailers, real estate investors and property owners. Among his many significant contributions to RED, Ebert led the groundbreaking public-private partnership with the City of Phoenix to develop CityScape, the high-profile, 1.2 million square-foot, mixed-use urban destination in downtown Phoenix that is a signature project for both the company and the city.
EXECUTIVE LEADERSHIP
BRETT HERON
CHIEF FINANCIAL OFFICER
Brett Heron oversees finance, accounting and asset management for RED as Chief Financial Officer. In a company with a diverse portfolio ranging from new ground up development projects to core operating assets, Heron’s expertise in acquisitions, development, financing and dispositions provides a comprehensive perspective to this role. He is currently responsible for sourcing debt and equity, corporate financial planning and providing oversight to the asset management and accounting departments.
MIKE KALLNER
EXECUTIVE VICE PRESIDENT, LEASING & MARKETING
As Executive Vice President of Leasing & Marketing for RED, Mike Kallner manages the company’s team of leasing professionals and provides leadership in leasing strategy and deal-making. He brings more than 25 years of high-level experience in retail development, business development and real estate finance. His position at RED focuses on the national leasing strategy with an emphasis on mixed-use developments across the portfolio.
BARRY SHANNAHAN
EXECUTIVE VICE PRESIDENT OF DEVELOPMENT
As Executive Vice President of Development for RED, Barry Shannahan brings over 20 years of broad real estate experience to the company’s development projects. He contributes expertise in development, redevelopment, financing and project management to advance RED’s development pipeline. As well, Shannahan’s knowledge of site selection, market analysis, and strategic entitlement management, along with strong industry relationships, continue to support RED’s key acquisitions and dispositions.
SCOTT WAGNER
SENIOR VICE PRESIDENT, DEVELOPMENT
As Senior Vice President Development for RED, Scott Wagner provides leadership for ground up development and redevelopment of large-scale master planned communities, horizontal and vertical mixed-use projects, regional retail shopping centers, and urban infill opportunities. Scott establishes long-term relationships with JV partners, municipalities, professional consultant teams, attorneys, contractors and end users to bring projects to fruition within RED’s development pipeline.
JEFF MOLOZNIK
SENIOR VICE PRESIDENT, DEVELOPMENT
As Senior Vice President of Development at RED, Jeff Moloznik’s responsibilities include public and private financing, entitlements, tenant relations, design oversight, construction coordination, marketing, community outreach, and governmental relations. Committed to the local community, Jeff currently serves on the board of Valley Partnership, NAIOP, the Downtown Phoenix Partnership, and the City of Phoenix Tourism and Hospitality Board. Jeff earned a Bachelor of Science from the University of Wisconsin, Madison.
APRIL FISCHER
SENIOR VICE PRESIDENT OF FINANCE
As Senior Vice President of Finance, April Fischer oversees the project financing, asset management and property management functions for RED. In April’s 20 years of real estate experience she has led ground up development projects, underwritten numerous shopping center acquisitions and managed complex real estate transactions. April currently oversees a portfolio of over 20 operating assets totaling 7 million square feet across seven states and manages a loan portfolio in excess of $1.2 billion.
SHANE STEPHENS
SENIOR VICE PRESIDENT, LEASING
As Senior Vice President of Leasing at RED, Shane Stephen’s primary responsibilities include maximizing occupancy, NOI, and helping lead leasing efforts for redevelopment/repositioning assets as well as new acquisitions. Shane leases a variety of properties from power, grocer, lifestyle, boutique, and mixed-use centers – across multiple states, ranging in size from 100K SF to 1.1M SF, while maintaining national, regional, and local relationships with operators.
BRAD SULLIVAN
SENIOR VICE PRESIDENT, CONSTRUCTION
As Senior Vice President of Construction at RED, Brad Sullivan’s primary responsibilities include contracting and managing new build as well as redevelopment construction projects. Brad manages several different project types including high-rise buildings, mixed-use developments, tenant improvements, and full redevelopment projects ranging from $10MM to $200MM.
RESPONSIBILITY
At RED Development and across our portfolio, we strive to be a committed and responsive community partner. We contribute through a combination of employee volunteerism, financial support, in-kind donations and partnerships with non-profit organizations.
At the corporate level, RED focuses on support for highly effective non-profit partners such as the Phoenix Children’s Hospital, Phoenix Sun’s Charities, Special Olympics of Arizona and Pipeline Worldwide, an organization that facilities connections between donors and vulnerable communities in East Africa.
In our local markets, however, we shape our efforts to the needs and interests of each community. Because of this, RED Development’s community involvement is as highly tailored and distinct as our retail and restaurant settings.
A variety of recent community partnerships include:
- In Fort Wayne, Indiana, Jefferson Pointe is host to a Fort Wayne Artist’s Guild pop-up gallery; the annual Fort Wayne Arts Festival and the Make-A-Wish of Ohio, Kentucky & Indiana holiday pop-up shop.
- In Phoenix, Cityscape hosts a community outreach program called Upward and Onward. Its mission is to increase employment relationships between businesses seeking entry-level employees and graduating high school seniors with disabilities.
- In Omaha, Nebraska, RED’s Village Pointe property hosts the annual CureSearch Cancer walk benefitting the fight against ending childhood cancer.
- The annual CitySkate holiday ice skating rink at CityScape raises thousands of funds annually for local benefitting charitable organizations on Skate it Forward nights, including St. Mary’s Food Bank, STARS, and Downtown Phoenix Inc.
We also are proud to make our beautiful shopping environments available as settings for select community events, such as kids fairs, farmers’ markets, movie nights, and concert series to activate our properties and closely connect with the communities we serve.
Each of our properties select non-profit causes and organizations that best support the needs of their communities, from education and healthcare to youth sports, food banks and other key local concerns.
