Colliers Names Former CBRE Executive To Lead East Region Brokerage
Colliers U.S. has named Gregg Shutan, who spent more than 20 years at rival CBRE, as president of Colliers' East region brokerage business. Shutan will oversee all brokerage operations and service lines in the region and focus on new business development, talent recruitment and retention, Colliers said. Colliers' East Region has about 600 brokers. He will report to Gil Borok, Colliers' president and CEO of the U.S. and Latin America. While at CBRE, Shutan ascended to the role of president of integrated accounts and portfolio services. In that role, he oversaw 1,400 employees and 65 large client relationships. Before he worked at CBRE, Shutan held positions at the U.S. General Services Administration, The Tribune Co. and Accenture. His experience and track record will enable Shutan to "make an immediate impact for our clients and professionals," Borok said in a statement.
JLL Hires Data Scientist To Lead New Insights Team

JLL has launched a group to create insights for clients to leverage, and it hired Paul Sill, a 25-year veteran of real estate data science, to lead it. Sill joined JLL as managing director and head of its visionary insights group. The group, part of JLL's retail advisory services division, will focus on developing a software-as-a-service, or SaaS, product for clients in the retail, healthcare, financial and industrial sectors. In his role leading the group, Sill is responsible for driving growth and producing insights through analytics, strengthening relationships with existing clients and developing the software for clients.
An adjunct professor at DePaul University in Chicago who teaches real estate analytics and geography, Sill previously served as a senior managing director and global retail analytics practice leader at CBRE, which acquired Forum Analytics from him in 2015. Before he founded Forum Analytics, Sill worked in the real estate research department at Blockbuster Entertainment and specialized in retail data mining at Sears, where he developed a variety of forecasting models for numerous off-mall concepts. His expertise and understanding of the retail industry made Sills the right person to lead the new team, JLL said.
CBRE Recruits Office Broker From Colliers in Boise, Idaho
CBRE has recruited veteran office broker Karena Gilbert from a rival firm in Idaho. Gilbert joined CBRE's Boise-based advisory and transaction services team and will focus on office sales and leasing for investors, landlords and tenants, the brokerage said. Gilbert, who has more than 18 years of brokerage and commercial construction experience, previously worked at Colliers. Prior to that, she served as an owner’s representative before transitioning to brokerage. During her career, she has led or been involved in more than 500 office sales and lease transactions valued at a total of $174 million.
Savills Appoints Broker to Washington, D.C., Regional Management Team

Savills has appointed broker Jon Glass, who first worked at the brokerage as a financial analyst in 2007, to its Washington, D.C., regional management team. In this role, Glass, a senior managing director, will work alongside the leadership team to strengthen Savills' presence in the Washington market, the firm said. A senior managing director, Glass will continue his work in brokerage. Glass also has worked for tenant representation firm Cresa and a property technology firm.
His appointment to the regional management is part of a program centered on developing the next generation of leaders at Savills. Glass and other professionals on the team "will play significant roles in solidifying our presence in the region,” Tom Fulcher, vice chairman and Savills' mid-Atlantic region lead, said in a statement.
Madison Capital Group Appoints General Counsel

Madison Capital Group, a real estate development and investment firm that focuses on the multifamily, self-storage and boat and RV storage sectors, has appointed William Daughtrey III as general counsel. As general counsel, Daughtrey will oversee the legal aspects of all development and investment projects for the company and its subsidiaries and for Madison Capital's corporate matters. Before he joined the investment firm, Daughtrey was an attorney at Alexander Ricks law firm, where he represented Madison Capital Group and several other commercial real estate owners, developers, financial institutions and family offices.
His experience in commercial real estate law and finance will play a key role in Madison Group's growth, CEO Ryan Hanks said. With its headquarters in Charlotte, North Carolina, Madison Capital Group Holdings has more than 300 employees across the country and oversees several affiliated companies including Go Store It Self Storage and Benco Construction.
Cortland Hires Stockbridge Executive for New Investor Relations Role

Multifamily giant Cortland has hired Abby Bowden, who previously served as vice president of client service and capital formation at real estate investment firm Stockbridge, to fill Cortland's newly created tole of vice president of investor relations. In her role, Bowden will be responsible for communicating Cortland’s fund results to investors and managing other activities such as supporting existing and prospective institutional investors, Cortland said.
Before her time at Stockbridge, Bowden worked on the real estate research team at Mercer Investment Consulting. She reports to Ned Stiker, Cortland's senior managing partner and head of client relations and capital markets. Bowden's experience will help Cortland build long-term relationships with key investors, Stiker said.
Bennett Realty & Development Adds Retail Investment Sales Broker
New Jersey-based Bennett Realty & Development, or BR&D, has hired Nick Binder as a retail investment sales broker. At BR&D, Binder will represent sellers and buyers of single-tenant, net-leased properties and strip centers throughout the Eastern U.S. Binder spent the previous four years as a broker at Marcus & Millichap, where he specialized in the sale and acquisition of net-leased retail properties and expanded into trading strip centers and portfolios. A Philadelphia native and resident, he has closed transactions with an aggregate value of $100 million of centers whose tenants included 7-Eleven, Rite Aid and Family Dollar, BR&D said.