It's time to update those contact managers with CoStar's People of Note, delivering news for the following companies: CB Richard Ellis Group, Younan Properties, Grubb & Ellis, Grubb & Ellis|Commercial Florida and Cassidy Turley.
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| Gil Borok, chief financial officer of CB Richard Ellis Group. |
This week's
People of Note includes the following markets: Atlanta, Boston, Chicago, Dallas/Fort Worth, Houston, Los Angeles, National, Northern New Jersey, Phoenix, St. Louis and Tampa/St. Petersburg.
NATIONAL
CBRE Names CFO; Turns Over Reins of Private Client Group
Gil Borok was promoted to chief financial officer of CB Richard Ellis Group Inc. He takes over from Bob Sulentic who will continue as CBRE’s president running day-to-day operations and principal business activities worldwide. Both will report to CEO Brett White. Borok will also oversee global human resources while based out of Los Angeles.
In other company news, Jeffrey Ackerman, Jennifer Pierson and Christina Roush assumed the national leadership reins of CB Richard Ellis Group’s Private Client Group. The unit, a subset of CBRE Investment Properties Group, represents individual investors.
Chad Brue, a senior managing director who has led PCG since 2006, will stay in Denver and continue to co-lead CBRE’s National Loan Sale Advisory group, which focuses on small balance loan dispositions in the U.S.
Pierson will head PCG's central region and will also have overall responsibility for the management of the group nationally. The senior vice president presently leads CBRE’s Retail Private Client Group in Dallas, and represents private capital investors in the north Texas region.
Ackerman, a 25-year industry veteran, will head PCG's eastern region. He currently leads PCG as an executive vice president in the firm’s Pittsburgh office. Ackerman has closed more than $2 billion of commercial property transactions, and is ranked as one of the firm’s top producers locally and nationwide.
Roush has more than 22 years of experience and will direct the western region while based in San Diego. The senior vice president spent nearly 20 years with CBRE in Las Vegas as a locally and nationally ranked top producer. Roush has been involved in more than $1.8 billion worth of investment property sales and represented more than 5.9 million square feet in property transactions.
The new managing directors will continue to represent clients in their respective markets. Stephanie Seno was named associate director and will support the PCG trio with day-to-day operations and communications within the national practice while based in Dallas with Pierson.
Editor's Note: CoStar's People of Note is published each Friday covering the latest commercial real estate executive level promotions and new hires. Please click on the headline of each article to jump to full coverage.
CHICAGO, DALLAS/FORT WORTH, HOUSTON, LOS ANGELES, PHOENIX
Younan Properties Taps Peddicord as COO
Younan Properties created a new chief operating officer position and named Robert C. Peddicord to the post. With more than two decades of leadership experience, Peddicord will provide direction for the property operations, leasing, construction and development, engineering and IT divisions.
He is the former COO at Arden Realty Inc., a REIT purchased by GE Real Estate three years ago for nearly $5 billion. He served in various roles for 22 years before resigning in 2008. Peddicord is credited with being part of an Arden leadership team that transacted more than $7 billion of office space, generated more than $1 billion in gross profits and more than quadrupled its CRE portfolio to 18.5 million square feet over a six-year period.
Some of his other titles at the company included vice president--leasing and executive vice president--operations and leasing. The University of California, Los Angeles graduate got his start in the industry at Studley where he was corporate managing director.
Younan is an L.A-based owner and operator of primarily Class A office properties. It has more than 11 million square feet in assets in Dallas, Houston, Chicago, Los Angeles and Phoenix valued at more than $1.5 billion.
ATLANTA
Grubb Adds Expert to National Data Center Practice
Grubb & Ellis Co. hired the founder and former president of KJ Baudry Inc., Ken Baudry, as senior vice president of its two-year-old national data center practice. He will represent both owners and users while directing the group’s efforts in the Southeast.
Since joining the industry in 1987, Baudry has focused on real estate brokerage, data center design, consulting and project management. He formed his real estate brokerage, engineering program management and techolnology consulting company, KJ Baudry, 23 years ago and served clients like BTNA, Concert Global Networks, Mirant, Southern Co. and GE. Baudry also founded Available Data Centers, a data center real estate web-based listing service, eight years ago and Holistech Research and Consulting, a Web-based data center consulting group, two years ago. He is also a published author.
TAMPA/ST. PETERSBURG
New Senior VP at Grubb & Ellis|Commercial Florida
By Melanie Lamb
Grubb & Ellis|Commercial Florida appointed James C. Moler, CCIM as senior vice president of the firm’s Tampa Bay office group.
Moler has more than 18 years of commercial real estate experience. He relocated to the Tampa Bay region from Chicago in 2005 and handled an office portfolio consisting of more than 1.8 million square feet.
Moler received his Bachelor of Science in economics and international relations from the University of Wisconsin in Madison.
BOSTON, NORTHERN NEW JERSEY, ST. LOUIS
Cassidy Turley Adds Vast Experience
By Chris Stoner
Cassidy Turley named Peter Ruggiero and Lisa Birrittieri as managing director and vice president of U.S. Capital Markets, respectively. They join the newly formed Cassidy Turley after experiencing success as part of Colliers Investment Services Group.
Ruggiero has more than three decades of experience in investment sales and financing. He headed up a team of more than 50 senior investment sales professionals as national managing director of the Colliers Investment Services Group. His team completed more than $60 billion in transactions. Prior to joining Colliers, Ruggiero was a senior executive at Prudential Real Estate Investors.
Birrittieri joined Colliers in 2004 as practice group manager for six to eight specialty practices. In 2006, she was named vice president of Colliers’ Investment Services Group. Prior to Colliers, Birrittieri was with State Street Global Advisors for 10 years. She served as international business liaison for a number of global locations.
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