This week's People of Note includes the following markets: Charlotte, Cleveland/Northern Ohio, Dallas/Fort Worth, Houston, San Francisco and Washington, DC.
Prutting In, Meisel Up, Dahlstrom Out? DC Sales Firms Revamp Lineups
By Tim Trainor
The Washington Nationals wasn't the only local team making changes to their lineup this week (so long Michael Morse, you'll be missed).
The personnel moves are also happening fast and furious among investment sales brokerage teams in D.C. This week it was reported that Jones Lang LaSalle lured Bill Prutting (at right in photo) from CBRE, HFF elevated Jim Meisel to head its D.C. investment sales teams, and Warren Dahlstrom stepped down as president of Colliers International’s Investment Services Group in the U.S., according to media reports.
JLL confirmed that capital markets leader Bill Prutting has joined the firm to serve as a managing director on its Capital Markets platform. A 24-year veteran of the D.C. commercial real estate industry, Prutting has led a number of the region’s highest profile capital markets assignments, most recently as part of the team that secured the $700 million financing for CityCenterDC.
Prutting will join other members of JLL's Capital Markets team in D.C., including International Director Steve Collins, Executive Vice President Jim Molloy, Managing Directors Wes Boatwright, Al Cissel and Scott Melnick to drive the global firm's capital markets effort in the region.
Over at HFF, Senior Managing Director Jim Meisel (at left in photo) was named head of the local Washington, DC, investment sales teams and will assume the role of office co-head, along with senior managing director Susan Carras, who oversees the debt and structured finance teams. The move was part of the firm's office succession plans.
HFF's national office platform will continue to be led by Stephen Conley who will also continue to be a part of the Washington, DC, office team with Meisel, Dek Potts and Andrew Weir. More
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.
Cassidy Turley, Trammell Crow Appoint New Principals in Northern CA
By CoStar Research
Two of the top CRE firms in the northern California region appointed regional leaders as principals.
Cassidy Turley named Greg Moss (pictured right) regional managing director and principal of the firm, assuming the management responsibilities formerly held by Michael Kamm, who was recently named president of the firm.
Moss has more than 22 years of experience in Bay Area commercial real estate. He joined Cassidy Turley predecessor BT Commercial in 2001 as managing partner and has held senior roles with Jones Lang LaSalle as well as Compass Management and Leasing in San Francisco.
Also, Trammell Crow Co. promoted the head of its northern California business unit, John Greer (left), to principal. He will continue to lead TCC’s development and acquisition projects, new business pursuits, finance and operations in the region.
Greer joined TCC in 2011 to re-open the company’s office in Northern California. Prior to joining Trammell Crow, Greer was a principal of PCCP, LLC where he was responsible for repositioning impaired assets, sourcing new opportunities, overseeing marketing plans, entitlement strategies, asset management and new business development throughout northern California and Texas.
DDR Names New President
By Alison Panza
DDR Corp., a retail REIT based in Beachwood, OH, named senior executive vice president and chief financial officer David J. Oakes as president of the company. He will continue as chief financial officer.
Oakes joined DDR in 2007 as executive vice president of finance and chief investment officer. He was promoted to senior executive vice president of finance and chief investment officer in December 2008, and chief financial officer in February 2010.
Oakes' experience prior to DDR included portfolio management at Cohen & Steers Capital Management as well as global investment research at Goldman Sachs.
Avison Young Buys Mason Partners to Expand in Houston
By Tim Trainor
Toronto-based Avison Young's latest acquisition is Mason Partners, a Houston-based commercial real estate brokerage company. Terms of the acquisition were not disclosed.
The boutique brokerage firm founded in 2011 by Todd Mason and Jeff Lindenberger provides services related to all property sector types, while specializing in land and corporate transactions. Mason and Lindenberger have joined Avison Young as principals and will work out of the firm's offices in Williams Tower. Tommy LeBlanc also joins as a broker and Andrea Gardner as a client services coordinator.
Prior to launching Mason Partners, Mason and Lindenberger were a successful broker team at McDade, Smith, Gould, Johnston, Mason + Co., where Mason served as the CFO for eight years. Prior to that, Mason was a senior director for Cushman & Wakefield's Brokerage Services Group in Texas from 1990-2002 and also spent two years as an associate at the Horne Co.
Avison Young opened its Houston office in June 2010 under the direction of Rand Stephens. Over the past four years, the Canadian firm has grown from 11 to 43 offices and from 300 to more than 1,100 real estate professionals across Canada and the U.S.
CHARLOTTE, WASHINGTON, DC
Stream Realty Opens Offices in DC, Charlotte
By Jovon Mcdougal
Commercial real estate firm Stream Realty Partners expanded into two additional markets with the opening of its ninth and 10th locations in the country.
Kyle Luby (pictured far left), who opened the Atlanta office, will spearhead the expansion into Washington, DC, and Daniel Farrar, a top producer in the company's Austin office, will lead the move into Charlotte, NC. Both offices open this month.
Luby has been with Stream Realty since 2005 and Farrar has worked for the company for nearly six years. Both brokers were named managing partners.
Transwestern Promotes Key Executives to Expand Growth in U.S., Latin America
By Victoria Cottman
Transwestern's Houston headquarters tapped major executives within the company to take on new leadership roles along with the unveiling of its expansion of services into Latin America. CEO Larry P. Heard and Chairman Robert Duncan and arranged the new management structure.
Chip Clark was appointed to the newly created position of president, Americas. Nine of Transwestern's regional offices in the U.S. have been reorganized into seven territories. Clark and Mark Doran, COO of the firm, will oversee the presidents of the seven territories.
Kevin Roberts, who previously served as president of the central Texas region, was promoted to the new position of president, Southwest. His territories are comprised of central Texas and the Gulf Coast and mountain regions.
The company has been active in Latin America for the past year. As an opportunity to increase growth Transwestern and a Latin American-based commercial real estate firm will soon begin offering servings through the region.
Follow the news on Twitter [at] LaurieForbes and [at] TheCoStarGroup. Check out last week's edition of People of Note.