This week's People of Note includes the following markets: Chicago, Denver, Los Angeles, New York City, Orlando, Philadelphia, Sacramento, San Francisco, Seattle, Washington, DC, and Westchester/South Connecticut.
Ragsdale To Lead JLL's Chicago Industrial Brokerage Group
By Seth Marinoff
Jones Lang LaSalle named Trevor Ragsdale, SIOR as the head of its Chicago industrial brokerage group, a fresh new role that will concentrate on growing the firm’s market share.
Ragsdale has been with JLL since 2001. He has been involved in more than 190 projects all over the world, adding up to more than 33 million square feet and valued in excess of $1.5 billion.
The company also announced that Steve Trapp, a 20-year veteran broker in the Chicago-area industrial real estate sector, joined the firm. He will be part of JLL’s North Suburban Industrial Team in the role of senior vice president.
Trapp has spent the last 10 years with Cushman & Wakefield and before that with both Insignia ESG and Grubb & Ellis.
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. Send your new executive hires and promotions news to firstname.lastname@example.org. Follow the news on Twitter [at] LaurieForbes and [at] TheCoStarGroup.
Matthews Brings Retail Brokerage Team to Colliers
By Laurie Forbes
Kyle Matthews (pictured center), a former director with Marcus & Millichap’s National Retail Group, joined Colliers International in Torrance, CA. He was appointed senior vice president to focus on regional and national retail property investment sales.
Matthews brought his retail brokerage team with him, including Aron Cline, Chad Kurz and Jordan Uttal who will serve as senior associates. The group closed approximately 120 deals with a combined value of more than $350 million in revenue with institutional and private buyers.
Matthews is a top investment sales broker who specializes in advisory, consulting and transactional services of shopping centers and net leased properties.
Lynch Joins Perseus Realty Capital
By Richard Collins
Stephanie Lynch joined Perseus Reality Capital as managing director. Lynch will expand capabilities in structuring and arranging equity and debt capitalization for the development and acquisition of real estate.
The 14-year industry veteran was previously at Ceres Capital Partners where she arranged capital for urban development sites and distressed assets. Lynch was also a senior vice president in Jones Lang LaSalle's Real Estate Investment Banking division.
Lynch is a member of ULI and ULI's Mixed-Use Development Council. She currently serves on the board for New Hope Housing, an organization that provides shelter and services to northern Virginia's homeless individuals and families.
HFF Lands 7-Person Capital Markets Team in Denver
By CoStar Research
In a major coup for its Colorado operation, HFF has recruited a seven-person capital markets team in Denver led by veteran investment sales brokers Mary Sullivan (pictured right) and John Jugl (far left), formerly with Jones Lang LaSalle.
Over the course of her 30-plus year career, Sullivan has been involved in the sale of nearly 40 million square feet valued at more than $7.5 billion, and has worked for nearly all the major firms in Denver, including stints at CBRE, Cushman & Wakefield and Trammell Crow Co., in addition to JLL, where she first teamed with Jugl two years ago. She is on the board of directors of BBVA Compass Bank, and serves as a board member of the University of Colorado Real Estate Foundation.
Jugl brings a varied real estate and investment banking background to HFF, having worked previously at Liberty-Greenfield, LLLP and George K. Baum & Co. prior to joining Jones Lang LaSalle.
Eric Tupler, senior managing director and office head of HFF’s Denver office, said the addition of the team provides the firm with local specialists for all investment sales product types--multifamily, office, retail and industrial--to work alongside its debt placement, equity placement and loan sales specialists.
Voit Names Head of RE Management Operations
By Pamela Murray
Voit Real Estate Management Services appointed Rob Cord as managing director of real estate management operations, which covers the western United States.
Prior to joining the firm, Cord was senior managing director of property management at Cassidy Turley for the last two years, and spent four years at Kennedy Wilson.
The 20-year commercial real estate veteran’s client relationships spans multiple markets across northern California and Nevada.
Weinschenk Joins WRIT as Managing Director
By Stephen Tarditi
Paul Weinschenk joined Washington Real Estate Investment Trust (NYSE: WRE
) as managing director and vice president - head of retail division.
Weinschenk will manage and direct the firm's 2.4 million-square-foot retail portfolio within the Washington, DC, market. The 20-year commercial real estate veteran was previously at The Peterson Cos. for 16 years, where he played a pivotal role in the development and asset management of the retail buildings as vice president.
Weinschenk is a member of the International Council of Shopping Centers, where he is the state director for northern Virginia, Maryland and Washington, DC.
Kauffman To Lead Tri-State Office for JLL
By Esmeralda McKie
Jones Lang LaSalle appointed Paul Kauffman as managing director for its Tri-State office in Stamford, CT. He will be responsible for strategic real estate services to tenants and building owners in Connecticut and the New York metropolitan area. In addition, he will work with Robert Ageloff, the head of Jones Lang LaSalle's office, to expand firm activity throughout Fairfield County.
In his 28 years of real estate experience, Kauffman has covered leasing, sales and brokerage advisory services, and has negotiated many of the largest commercial and lease transactions in Fairfield County and the New York metro area. He previously served as executive vice president at Cushman & Wakefield Inc.
NAI Realvest Hires Webb To Expand Brokerage Operations
By CoStar Research
After a 22-year career at Coldwell Banker Commercial NRT, Robin L. Webb has joined Maitland, FL-based NAI Realvest as managing director of brokerage operations.
President Patrick Mahoney said the first item on his and Webb's agenda is to expand the firm's brokerage services, adding "significantly more" than the 31 brokers the firm has on staff at present. NAI Realvest is also planning to expand its investment and specialty services, according to Mahoney.
Webb, educated at Georgia State University in Atlanta, got his start as a broker in the Orlando market. He opened his own brokerage firm that was acquired by Prudential Florida, which in turn was absorbed by Coldwell Banker NRT. While at Coldwell Banker Commercial NRT, Webb served as the firm's managing director for the state of Florida where he was oversaw 275 sales people and a property management team of 12.
Avison Young Adds Linsmayer as Principal
By Laurie Forbes
Avison Young expanded its brokerage operations in San Francisco with the addition of David Linsmayer as a principal. The 22-year commercial real estate veteran will focus on capital markets and advisory services transactions and negotiate deals for corporate tenants, investors and landlords in the San Francisco Bay Area.
From 1999 to 2008, Linsmayer was a vice president and original member of the local office of The Staubach Co. before his most recent stint as a senior vice president with Jones Lang LaSalle.
For the past 15 years, he has negotiated 2,000-plus leases representing more than 6.5 million square feet throughout the region and United States. Linsmayer’s clients include Pfizer, CNN, Time Warner, the University of Pennsylvania-Wharton, The Carlyle Group, Charles Schwab & Co. and JP Morgan.
Durrell, Jochums Jump To CBRE in Bellevue
By CoStar Research
Kip Durrell and Jeff Jochums have left Cushman & Wakfield | Commerce to join CBRE Group in Bellevue. The two were named senior vice presidents and joined by Justin Johnson as a senior associate and Ashleigh Sundet as associate.
Jim Bowles, senior managing director with CBRE described the move as "a real coup for our organization," and said the team will have a significant impact on the market.
Durrell has worked with some of the region’s top tenants, including; Wells Fargo, General Electric, Ignition Partners, Berntson Porter and Company, and Puget Sound Energy. Jochums was instrumental in closing office transactions on behalf of Expedia, University of Washington, Inrix, Citrix Systems, and Proctor & Gamble, among others.
LOS ANGELES, NEW YORK CITY, PHILADELPHIA
Urdang Names New Head of Private Real Estate
By CoStar Research
Urdang, the real estate manager for BNY Mellon, has named P.J. Yeatman to the new position of head of private real estate, with responsibility for setting strategy and leading the future growth of the private real estate business.
Yeatman will take on the private real estate responsibilities held by the firm's former chairman, Richard Ferst, who retired in December. He will join Urdang's management committee and report to Urdang CEO E. Todd Briddell.
Yeatman most recently founded CoveredBridge Ventures, a Philadelphia-based real estate investment and advisory firm, and before that served as senior managing principal at the Lubert-Adler Real Estate Funds, where he led the firm’s activities in distressed and public-to-private transactions and participated in raising $6 billion of equity during his 11-year tenure.
Founded in 1987 by E. Scott Urdang to focus exclusively on institutional investment grade real estate, Urdang manages approximately $6.4 billion in public real estate securities through Urdang Securities Management, Inc. and approximately $2.3 billion in debt and private equity real estate investments through Urdang Capital Management, Inc. on behalf of its institutional investor and high net worth clients.
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