The following companies announced personnel moves this week: JLL, Cushman & Wakefield, Hines, Cresa, TRIO, Transwestern, Matthews Investment, Colliers Int'l, Dilweg Cos., Branch Properties, CBRE, NGKF, IREA, Kidder Mathews, SVN, Stage Equity, and KW Commercial.
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, Toronto, Houston, Washington DC, Nashville, Minneapolis, Los Angeles, Atlanta, Houston, Dallas, San Diego, San Antonio, and South Florida.
By Randyl Drummer
JLL on Tuesday said that Christian Ulbrich, the head of its EMEA division, will be elevated to president of the global real estate services provider after the Chicago-based company decided to separate its two top executive roles as part of its leadership succession planning process.
Ulbrich, who joined JLL in 2005 as managing director in the company's German operations and has served as EMEA CEO since 2009, will report to Colin Dyer, CEO and will also be nominated to JLL’s board of directors at the fiirm's annual shareholders meeting in May. In addition to managing JLL’s three major regional businesses, he will be charged with a particular focus on driving growth through acquisitions.
By Bryce Meyers
Cushman & Wakefield has selected current president of occupier services Chuck Scott as the firm's new CEO of Cushman & Wakefield Canada.
Scott brings more than 20 years of experience to the position. During his tenure with Cushman & Wakefield Canada, Scott oversaw the growth of its occupier services platform from 5 million to 135 million square feet under management and achieved year-over-year revenue and EBITDA growth of more than 25%. He also headed up the transaction teams for several of Canada's largest occupier and investors.
CoStar's People of Note is published each Friday covering the latest commercial real estate executive level promotions and new hires.
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By Tanika Belfield-Martin
Hines International has appointed Sherri Schugart to the firm's board of directors. Schugart currently serves as president and CEO of Hines REIT, Hines Global REIT and Hines Global REIT II - its three public real estate companies - as well as HMS Income Fund and Hines' U.S. Core Office Fund. Currently, those five investment funds own and operate approximately $10 billion of real estate and debt investments.
Schugart originally joined Hines in 1995. Since that time, she has been involved in raising and managing more than $15 billion of equity and debt capital for a number of Hines' institutional and public funds. Schugart also serves on the board of directors of Hines Securities, Inc. (HSI).
By Michael Serwadda
Cresa, the world’s largest tenant-only commercial real estate firm, has promoted Jonathan Harms, Aaron Berkey and William Tidwell (pictured, right) to principal in the firm's D.C. office.
All three of the new appointees previously served as senior vice presidents and played a pivotal role in the strategic planning and development of the firm's business structure while being named top producers within the company.
By John Borchers
TRIO Commercial Property Group has opened its first Tennessee office and tapped Justin Schad, principal broker with the firm to lead the new Nashville office.
Schad, who was previously a vice president with Baker Storey McDonald Properties, Inc. in Nashville, has 15 years of real estate experience. Initially he will add additional staff as Trio expands its market share. Based in Louisville, KY, Trio was founded by CBRE alums Justin Baker, Frank Bellis and Michael Tabor in 2011.
By Matt Kaplun
Transwestern has hired Greg Munson as its new managing principal and city leader for Minneapolis.
Munson will expand the firm's presence in the market by concentrating on growing Transwestern's brokerage management services as well as broadening services by offering to include real estate investment and development for clients. Previously, Munson served as executive vice president at Mcgough Companies and oversaw its development real estate portfolio.
By Christi Acuña
El Warner has joined Matthews Real Estate Investment Services to head its shopping center business group as a national director based in the firm's El Segundo, CA office.
Warner will help build the shopping center private client group as well as starting a specialized debt asset resolution team. Previously with Colliers International, Warner has closed $1 billion in transactions within the past five years. He holds the designation of Certified General Appraiser and has experience as a mortgage broker as wells as a sales broker.
By Bill Johnston
Colliers International has hired 30-year industry veteran David Parker to oversee the company's business throughout the Washington, DC metro area as regional managing director.
Most recently, Parker served as executive vice president and managing director of the Northeast division of PM Realty Group, where he oversaw a 12 million-square-foot portfolio from D.C. to Boston. Prior to PMRG, Parker oversaw Cassidy & Pinkard's expansion in Northern Virginia as senior vice president. He also held several management positions at Prentiss Properties and The Kaempfer Cos.
By Bryce Meyers
The Dilweg Cos. has hired former Columbia Property Trust director of real estate transactions Blake Underwood to serve as the firm's regional director of acquisitions.
Based in Dilweg's Centennial Tower office in downtown Atlanta, a building the firm acquired in 2015, Underwood will be tasked with sourcing and underwriting promising real estate investment opportunities in the market. The hire comes as Dilweg looks to expand its footprint in Atlanta and the region. Currently, the Durham, NC-based firm owns 1.6 million square feet of office space in the Atlanta metro area and 3.4 million square feet of office space in the Southeast.
By Peter Conway
Richard Ross has been named the new executive vice president and CFO of Branch Properties, an Atlanta-based investment group that specializes in grocery-anchored neighborhood and community shopping centers in the southeastern U.S.
Ross had previously served as Branch’s CFO from April 1998 to December 2010 before leaving to form Chiron Consulting, an independent financial and operations consultancy, in 2011. In 2013, Ross was appointed CFO of Trade Street Residential, Inc., and in September 2015 became the company's CEO and president.
By Bryce Meyers
CBRE Group has brought back Blake Johnson to serve as executive vice president. Johnson will specialize in office investment sales in Chicago's CBD while expanding the firm’s market share in the region as a member of the Capital Markets' institutional properties team.
Johnson spent less than a year as an executive vice president with CBRE before transitioning to The John Buck Co., where he spent the last six years as a principal and president. Before CBRE he was with Eastdil Secured.
By Javier B. Jennings
Cushman & Wakefield has hired Scott Johnston to help expand the firm's government services platform as executive managing director. He will be based in the Washington, D.C. office.
Johnston comes to Cushman & Wakefield from Newmark Grubb Knight Frank, where he headed up its federal leasing practice. He started his career with Blake Real Estate in 1988. A long-time industry veteran, Johnston has brokered more than 18 million square feet in leases on behalf of the federal government.
By Rachel Ladysh
James Cassidy and Jud Ryan (pictured, right), executive managing directors on the office brokerage team at Cushman & Wakefield, have departed to join Newmark Grubb Knight Frank.
Both Cassidy and Ryan were on the Cassidy Turley team at the time of its acquisition by DTZ, and saw their team through the DTZ-Cushman & Wakefield merger completed last year.
By James Saris
JLL's Capital Markets boosted its Texas multifamily division with the return of Greg Austin and Chip Nash (pictured, right) as managing directors in Houston.
Nash and Austin originally joined JLL in 2010 before transitioning to Berkadia in 2013. Before their stop at JLL, the pair opened the Houston office of Hendricks & Partners in 2000.
CHICAGO & DALLAS
By Elise Planchet
Inland Real Estate Acquisitions (IREA) has promoted Mark Cosenza in its Oak Brook, IL office and Matthew Tice (pictured, right) in the firm's Frisco, TX office to senior vice presidents.
Since joining Inland, the former vice presidents have collectively been involved in the acquisition of more than $9 billion in commercial real estate in markets across the country.
Follow the news on Twitter @TheCoStarGroup and @JSumner2.
Check out last week's edition of People of Note.