This week's People of Note includes the following markets: Boston, Chicago, Los Angeles, New York City, Northern New Jersey, South Bay and Washington, DC.
Cassidy Turley Retains Investment Sales 'Dream Team'
By Tim Trainor
Cassidy Turley retained the services of one of the most successful and respected investment sales teams in the country, fending off the reported overtures of at least one major competitor.
This week, Cassidy Turley announced the promotions of William Collins and Paul Collins, leaders of the firm's Capital Markets team in Washington, to vice chairman. Also receiving promotions were Capital Markets team members Drew Flood, James Cassidy and Jud Ryan, who were named executive managing directors at the firm.
Cassidy Turley and its forerunner in DC has long been one of the dominant shops in the Washington investment sales market thanks to the top-producing Capital Markets team. Its sales transaction volume, combined with the firm's DC Finance team's placements, resulted in Cassidy Turley winning the Investment Sales/Financing Firm of the Year award for 2011 from the Greater Washington Commercial Association of Realtors' (GWCAR).
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.
BOSTON, CHICAGO, LOS ANGELES, SOUTH BAY
DTZ Expands Americas Group With New Leadership Structure
By Laurie Forbes
DTZ, a global property services firm and UGL company, boosted its Americas team with several new appointments.
Nick Westley (pictured far left), who was named president of global corporate services two months ago, gained an additional title--chief executive of Americas. The 26-year industry veteran will head the expansion of DTZ’s property services business lines throughout the United States, Canada, Mexico and Latin America. Westley will work from the corporate headquarters in Los Angeles and report to Robert Shibuya, group president of DTZ.
Twenty-year company veteran George Keches (left) was promoted to a newly created position--president of global facilities management. He will focus on global strategic solutions for occupier clients seeking to reduce their total cost of occupancy. Keches will maintain his position as head of DTZ’s Americas facilities management business, the largest business line for the organization worldwide. He will report directly to Shibuya while based in Auburndale, MA.
Other Americas team members include long-time DTZ executives Greg Schementi, executive vice president for U.S. occupier services/tenant representation in Chicago, and Rob Cookson, executive vice president for Americas global corporate services in Palo Alto, CA.
NORTHERN NEW JERSEY
Gebroe-Hammer Promotes Uranowitz to President
By CoStar Research
Ken Uranowitz has been named president of Livingston, NJ-based Gebroe-Hammer Associates, an investment brokerage firm specializing in multifamily sales. Uranowitz has risen through the ranks since being hired by Mel Gebroe and Morris Hammer at the firm’s inception in 1975.
Uranowitz was hired as a sales associate at the age of 20 by the firm's founders following a lengthy appeal by his watchmaker/jeweler father, whose business was located across the street from Gebroe-Hammer’s offices. Over the ensuing 37-year career with the firm, Uranowitz has consistently set new records for sales and number of units sold, which total in the billions of dollars and thousands of units. He also played a key role in the firm's emergence as a major player in the region's multifamily investment market.
The firm recently closed out a record-setting third quarter this year closing 30 multifamily deals totaling 1,400 units valued at more than $100 million. In one four-week timeframe alone, Gebroe-Hammer closed 13 deals representing 724 units, which sold for in excess of $54 million.
Studley Grows Strategic Portfolio Solutions Group
By Jooyoung Kim
Craig Hendrickson joined Studley, an international commercial real estate services firm specializing in tenant representation, as an executive managing director within its strategic portfolio solutions (SPS) group. He will be based in the downtown Los Angeles office.
Hendrickson will continue to develop Studley's service platform and serve as an executive manager of client relationships. He was previously at CBRE as the leader for its global corporate services business where he oversaw best practices, quality management, performance measurement, global process standards and strategic portfolio management.
Sullivan Joins JLL as Managing Director
By Kevin Harrington
Jones Lang LaSalle appointed Brian Sullivan as managing director in its government investor services group in Washington, DC.
The federal real estate expert has more than 25 years of industry experience. Sullivan previously served as a senior director at Cushman & Wakefield.
One of his most notable deals is his co-representation of landlord JBG Cos. in the Department of Health and Human Services’ renewal of its 15-year, 935,386-square-foot lease in Rockville, MD, for which his team won the GWCAR Leasing Transaction of the Year Award.
NEW YORK CITY
O'Malley Joins Colliers Int'l
By Esther Prince
Drew O'Malley has joined Colliers International in New York City as executive managing director. In his new role he will work with structured finance and joint venture developments.
Previously a managing director with the Bluestone Group, O'Malley brings many years of experience growing and developing New York City landlord agency groups.
At Bluestone, he arranged more than $700 million in transactions. He has also held senior executive positions at Trammell Crow Co., CSFB Realty Corp and DLJ Real Estate, to name a few.
Veteran CRE Exec Rick Kimball to Lead Avison Young's New England Operations
By CoStar Research
Avison Young has landed industry leader Rick Kimball, who will focus on growing and developing the company's New England as managing director.
Kimball, who was most recently senior vice president at DTZ and president and CEO of GVA Worldwide prior to that, also joins Avison Young as a principal, effective immediately, said Mark E. Rose, chairman and CEO of Avison Young, Canada’s largest independently-owned commercial real estate services company.
In his new role, Kimball will focus on overseeing the growth and development of Avison Young’s New England region. He will also service new and existing clients and manage the day-to-day operations of the Boston office.
AY Principal John Fenton, former managing director of the region, will take on several new responsibilities in New England specifically targeting growth in the firm’s investment management business, including asset management, property management and leasing.
Siegel, Hanafin Join Studley in DC
By Richard Collins
Studley hired veteran real estate advisors Richard Siegel and Paul Hanafin as corporate managing directors. The duo will be based in the firm's Washington, DC, regional office.
The investment sales team previously served at West, Lane & Schlager where they specialized in investment sales and capital markets services.
Siegel and Hanafin have a combined 55 years of commercial real estate experience and have been involved in transactions that value more than $5 billion to date.
CBRE Global Investors Adds Sauter to L.A. Team
By Emily Chiu
John Sauter joined CBRE Global Investors in Los Angeles as a managing director for West Coast acquisitions for the Strategic Partners U.S. team. His responsibilities will include originating, underwriting and structuring West Coast investments and the development of new business opportunities.
Sauter formerly served as a partner with the MSD Capital LP Real Estate Group where he was responsible for sourcing, evaluating and executing transaction opportunities in traditional real estate private equity, public securities, real estate debt and corporate private equity.
He has more than 20 years of experience and has worked on transactions valued in excess of $10 billion.
Lirtzman Joins Transwestern To Lead Office Leasing Team
By CoStar Research
Michael Lirtzman joined Transwestern as executive vice president and leader of its Chicago office leasing team. He was formerly with U.S. Equities Realty and also previously held positions with The John Buck Co. and Trammell Crow Co. in Chicago.
Lirtzman has been responsible for major transactions within 515 N. State, 222 S. Riverside Plaza, 333 W. Wacker, 77 W. Wacker, 180 N. LaSalle and 224 S. Michigan, among others, and has landed such major tenants as Fifth Third Bank, Deutsche Bank, Accenture, Trading Technologies, American Express and Wayne Hummer Investments.
Follow the news on Twitter [at] LaurieForbes and [at] TheCoStarGroup. Check out the last edition of People of Note.