This week's People of Note includes the following markets: Boston, Chicago, New York City, Orange County and Seattle.
Rappaport, Zuker Form CHR Investors in Boston
By Laurie Forbes
Veteran brokers Jerome “Jerry” Rappaport Jr., Ed Zuker and his son Robert Zuker formed CHR Investors, a New England multifamily property investment firm based in Boston, MA. The company is an affiliate of Chestnut Hill Realty, a full-service developer, owner and operator of apartment communities. Ed Zuker heads Chestnut Hill Realty as CEO.
Rappaport will serve as managing director and work with the Chestnut Hill Realty acquisitions team to identify strategic growth opportunities and pursue off-market investment targets.
“Among the people we’ll be approaching are retiring apartment owners that Ed Zuker and I met 25 years ago through the Rental Housing Association and our fight for private property rights,” said Rappaport.
He has three decades of real estate investment, development and fund management experience. Rappaport co-founded New Boston Fund in 1992 and for 18 years led the firm in its creation of eight real estate equity funds that raised more than $1 billion in discretionary equity. For the past two years he consulted with Chestnut Hill Realty. Rappaport is also a founding co-chairman of the Commonwealth Housing Taskforce and past president of the Greater Boston Real Estate Board.
Editor's Note: CoStar's People of Note is published each Friday covering the latest commercial real estate executive level promotions and new hires. Click on the headline of each article to jump to full coverage. Follow the news on Twitter [at] LaurieForbes and [at] TheCoStarGroup.
Suburban Brokerage Team Signs On With JLL
By CoStar Research
A team of five suburban leasing brokers headed by Matthew Daniels (pictured) has left Colliers International and signed on with Jones Lang LaSalle.
Joining Daniels, who was named managing director, are Christopher Lawrence and Brian Tisbert, both named senior vice presidents, and Christopher Decembrele and Andrew Whipple, both named vice presidents.
The move is a homecoming of sorts for Daniels who previously worked for Jones Lang LaSalle. JLL Managing Director and leader of New England Leasing Bill Barrack said the additions would make a stronger presence for the firm in the Boston suburbs.
Last week, Jones Lang LaSalle landed the office leasing listing for the new Quincy Center, an urban redevelopment project comprising 3.5 million-square-foot, mixed-use space in downtown Quincy being developed by Beal/Street-Works, a partnership between The Beal Companies and Street-Works Development.
The $1.6 billion redevelopment plan is a private/public partnership with the City of Quincy. Plans call for up to five new office buildings, approximately 700,000 square feet of retail, two new hotels, 1,400 residential units, and multiple new parking garages providing 5,000 public parking spaces.
Jackson Joins Transwestern
By Benjamin Johannes
Mark Jackson joined Transwestern in Seattle as senior vice president.
Jackson will head the launch and operations of Transwestern's management services program throughout the Puget Sound region. He will work closely with newly announced executive vice president Greg Laycock in establishing the company in Seattle.
Prior to working at Transwestern, Jackson spent more than 29 years managing property and assets, most recently as the director for CBRE's Seattle South Asset Services office.
Studley Promotes Feinberg and Metzl
By Alexander Fairlie
Studley promoted Jonathan Metzl (pictured far left) and Eric Feinberg (left) within its Chicago office.
Feinberg, a former managing director, was appointed corporate managing director. Feinberg joined the firm in 2002. He has since conducted more than 3.5 million square feet of transactions. His clients include the American Bar Association, Takeda Pharmaceuticals and The Jewish Federation of Metropolitan Chicago. Feinberg graduated from the University of Rochester and holds an M.B.A. from the University of Chicago.
Metzl, an associate director, was named managing director. Metzl has been with Studley since 2003 and has been credited with more than 2.75 million square feet of transactions. He has represented acclaimed clients PotashCorp, Mesirow Financial and DLA Piper. Metzl graduated from Indiana University.
NEW YORK CITY
Avison Young Hires Two New Principals
By Esther Prince
Michael Goldring and Steven Kurtz joined Avison Young as principals in its newly opened New York City office.
Goldring will be responsible for facilitating private negotiated loan-sale transactions. He previously worked as senior vice president at ICAP, where he served as intermediary for whole-loan trading. Before ICAP, Goldring was a regional banker in Countrywide Home Loans' correspondent lending division. He has also worked at Morgan Stanley as transaction manager.
Kurtz will be responsible for growing the firm's valuation advisory services platform, focusing on the areas of valuation for financial reporting, litigation support, portfolio analysis, standard appraisals as well as other valuation duties. Prior to joining Avison Young, Kurtz founded and served as managing director of Kurtz Realty Consulting in NJ. Throughout his career, Kurtz has completed valuations for more than $12 billion worth of properties.
Lee & Associates Names 2 New Principals
By Kim Giroux
Lee & Associates of Orange, CA, promoted former associates Erik Thompson and Luke Hudson to principals.
Thompson joined Lee in June 2009 from Daum Commercial Real Estate. Thompson represents commercial real estate sellers, landlords, buyers, tenants and investors in the trading and leasing side of office properties. He has closed $15 million in transactions this year. He earned his bachelor’s degree in real estate finance from California State University in Fullerton.
Hudson also joined Lee in 2009. He has a strong working experience with industrial sellers, landlords, buyers, tenants and investors in the North Orange County region. Hudson was named a Top 10 producer last year and associate of the quarter for all four quarters in 2011 at Lee's Orange office. He received his bachelor’s degree from the University of Tennessee in the city of Knoxville.
Both brokers are members of the Association of Industrial Real Estate. Thompson is a candidate for the Certified Commercial Investment Member designation.
Follow the news on Twitter [at] LaurieForbes and [at] TheCoStarGroup. Check out last week's edition of People of Note.