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CoStar's People of Note: Weekly Update of New Hires and Promotions

This week, the following companies announced personnel moves: Cushman & Wakefield; Transwestern; Lowe Enterprise; Studley; Trout Daniel Associates; CBRE; First Industrial
February 14, 2014
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: New York City; Boston; Washington DC; Houston; Seattle; Baltimore and Chicago

NEW YORK

Former CBRE Broker Patrick Dugan to Lead Cushman & Wakefield's NYC Brokerage Operations

By Tim Trainor


Cushman & Wakefield named Patrick J. Dugan as its new director of brokerage in New York City, luring him from its rival, CBRE, where he was named the firm's 'Rookie of the Year' in 2005. At C&W, Dugan will help manage approximately 180 brokers in the company’s Midtown and Downtown offices, while having direct management responsibility over approximately 50 brokers.

"Patrick Dugan has developed a well-deserved reputation in the brokerage world as a first-class deal closer whose top priority is service to clients," said the president of Cushman & Wakefield's NY Tri-State Region, Ron Lo Russo, in a statement announcing the new hire. "We’re all excited about his arrival, and we have high expectations about the valuable role he’ll be playing as part of the Cushman & Wakefield management team."

While at CBRE, Dugan focused on the Lower Manhattan, Midtown South and Brooklyn submarkets, where he represented nearly two million square feet of office space. He was named the firm's Rookie of the Year in 2005, an award given to the most promising young broker with less than three years of industry experience.



HOUSTON

Transwestern Ramping Up Development Services, Promotes Riser to President of Development Subsidiary

By Tim Trainor

Planning what it calls an "an aggressive operational and geographic expansion" of its development services line, Transwestern has promoted Carleton Riser to president of Transwestern Development Co.

Riser, who previously served as managing director at Transwestern's development subsidiary, has 18 years of experience in property development. According to Transwestern CEO Larry P. Heard, the new executive position was created to facilitate expansion into new markets as well as provide leadership for all of Transwestern Development Co.’s activities.

Transwestern Development Co. plans to open new offices in several markets on the east and west coasts.



CoStar's People of Note is published each week 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 @TheCoStarGroup and @JSumner2.
Send your new executive hires and promotion announcements to news@costar.com.


BOSTON

Transwestern|RBJ Hires Glynn To Oversee New Prop Mngt. Service


Transwestern | RBJ has brought Patrick Glynn onboard as managing senior vice president to direct the firm’s new property management operations.

Prior to joining Transwestern | RBJ, Glynn was a general manager with CBRE. He previously held positions with Broadway Real Estate Services, Beacon Capital Partners and Fidelity Investments.

Houston-based Transwestern acquired the former Richards Barry Joyce & Partners to expand into Boston last year.


SEATTLE

Morris To Manage Lowe Enterprises' Development Projects in Seattle



Lowe Enterprises has hired Suzi Morris as senior vice president to manage the firm’s development projects in Pacific Northwest markets. In addition to overseeing the development of the 169-unit 1321 Seneca residential condo project in Seattle scheduled to begin construction in mid-2014 that Lowe's is building with joint venture partner Alecta, Morris will also scout out new investment and development opportunities in the area.

Morris was previously a development director for Alliance Residential and prior to that was senior investment manager of multifamily development for Schnitzer West, LLC. Over the past 15 years she has been involved in the development of more than 1,450 multifamily units in the greater Seattle area, as well as commercial project development and leasing in the Seattle and Portland areas.


WASHINGTON, DC

Hoffman Rejoins Studley as Exec. Managing Director

By Eric A. White

Scott Hoffman rejoined Studley in its Washington, D.C. office as an executive managing director. In his new role, Hoffman will provide financial and real estate advisory structuring to corporations, law firms, trade associations and non-profits.

Hoffman spent seven years at Studley before joining Cushman & Wakefield as a senior director in 2007. His past experience consists of exclusive focus on assisting tenants with strategic planning, developing financial structures, portfolio management, and acquisitions and sales nationwide.



BALTIMORE

Katz Appointed Chief Business Development Officer for Trout Daniel

By Tracey Horstmann

As the new chief business development officer at Trout Daniel & Associates, Neil A. Katz will draw on his nearly three decades of real estate experience to identify and capitalize on investments and leasing opportunities for the Baltimore-based firm.

A former leasing broker for Baltimore-based developer Attman Properties, Katz later founded Corridor Commercial Real Estate Group in 1989 and served as its first president and then as CEO until the company was sold in 2009. After selling his firm, Katz pursued several entrepreneurial ventures, investing in several area businesses and also developed mixed use and multi-family properties over the past few years.



CHICAGO

CBRE Promotes Three in Chicago

By Mitch Ferrero

CBRE promoted Dan Cohen and John Jaeger, who head its Multi-Housing Investment Property Group in Chicago, and tenant rep specialist David Tropp to executive vice president positions.

The Cohen-Jaeger team has completed 72 transactions totaling more than $4 billion since 2005. Jaeger joined the firm in June of 2005 after a 13 year career at Appraisal Research Counselors. He also represents the team on CBRE’s Institutional Group, comprised of its top 40 investment sales professionals.

Cohen joined CBRE in 1992 as a member of the Investment Property Group and has consistently been recognized as a top investment specialist in the Midwest.

Tropp has been in the commercial real estate business for over 30 years. Some of his significant clients include: Pactiv LLC, Packaging Corporation of America, Stericycle, Barnes & Thornburg, GEMS Education, Cigna, RCN and Sprint.



HOUSTON

First Industrial Promotes Parrish to Director of Development



First Industrial Realty Trust, Inc. (NYSE:FR) recently promoted Chad Parrish to director of development and announced his relocation to Texas where he will direct the Chicago-based REIT's developments in Houston and Dallas.

The firm is planning to begin construction this year on First Northwest Commerce Center, a 350,820-square-foot, cross-dock distribution facility in Northwest Houston, followed by the 598,000-square-foot First Pinnacle Industrial Center in Dallas.

In addition to overseeing First Industrial's speculative and build-to-suit developments in the region, Parrish will also be responsible for site acquisition, entitlements, redevelopment and assisting in the sourcing and closing of new acquisitions.



Send your new executive hires and promotion announcements to news@costar.com.
Follow the news on Twitter @TheCoStarGroup and @JSumner2.
Check out last week's edition of People of Note.





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