Colliers Lands Veteran Chicago Office Brokers from Cushman & Wakefield
Colliers has added veteran office brokers J. Frank Franzese and Steven Bauer from Cushman & Wakefield in Chicago. Franzese joined Colliers as a vice chair and Bauer as an executive. In their new roles, based in Colliers' Chicago office, the pair will work together on corporate assignments in Chicago and across the U.S. Jim Carris, a Colliers executive managing director and its Chicago market leader, said the addition of Franzese and Bauer provides a boost to its office group that represents some of the market's biggest office users.
Franzese and Bauer were partners at Cushman & Wakefield for more than 15 years. Together they completed transactions involving more than 50 million square feet of space and having an aggregate value of over $30 billion. Their clients have included Medline Industries, NiSource, UBS, Quarles & Brady, United Way, The Federal Savings Bank, the American Hospital Association and Hollister. "After an incredible 35 years of dedicated service in the real estate industry, it is with mixed emotions that I announce my departure from Cushman & Wakefield," Franzese said in a LinkedIn post. "I am immensely grateful for the countless opportunities, challenges, and friendships I have encountered during my career with Cushman & Wakefield and will always appreciate the opportunity the company gave me for a career in real estate."
Stream Expands in South Florida With Broker From CBRE
Stream Realty Partners, in what is described as "its first significant move since entering the Florida market," has recruited 23-year office brokerage veteran Shay Pope to serve as a managing director and executive vice president in the firm's South Florida office in Fort Lauderdale. At Stream, Pope will work closely with executive managing director and partner Greg Katz and be responsible for advising office tenants across the U.S. on their key real estate decisions. Pope also will recruit and grow talent for Stream's South Florida operation while expanding the brokerage's occupier services business across the country.
Pope spent almost the past 11 years at CBRE, where he most recently served as a senior vice president and worked with clients in a diverse group of industries, including law, financial services, alternative investments, healthcare and technology. His experience representing law firms resulted in him being appointed to CBRE’s law firm practice group executive committee. Hiring Pope "provides us with an immediate growth path" as Stream expands throughout Florida, Katz said in a statement.
Kearny Real Estate Promotes Longtime Executive to Managing Partner
Kearny Real Estate Co. has elevated to managing partner Hoonie Kang, who on his second day at the firm 22 years ago helped the company win the rights to develop a new Los Angeles Air Force Base in El Segundo, California, as the result of complex deals with the U.S. Air Force. In his new role, Kang will oversee the day-to-day operations of the firm. This move will allow Kearny founder and Chairman Jeff Dritley to focus on bigger-picture issues and the firm’s overall growth strategy.
During his time at Kearny, Kang has overseen the acquisition and/or redevelopment of approximately 4 million square feet of office and industrial space and the acquisitions and disposition of $500 million in nonperforming loans. He's been involved in "every complex project we’ve done," Dritley said in a statement. “Kearny would not be Kearny without Hoonie."
Grosvenor Taps Executive To Lead Development in Washington, D.C., San Francisco
Grosvenor, a United Kingdom property owner and developer with a 70-year history in North America, has elevated Jonathan Carr to managing director of development. In his new role, Carr will oversee and support Grosvenor's development teams in Washington, D.C., and San Francisco. He also will serve as the firm's development liaison in the U.S. for Grosvenor's capital partners. Carr previously served as senior vice president of development at Grosvenor.
During his time at the firm, Carr has overseen several residential and mixed-use projects in the Washington region, including District on 14th St.; City Homes in Eckington; F1RST in Navy Yard; Central in Silver Spring, Maryland; and Grosvenor’s newest mixed-use rental community in Union Market called Margarite. The development contains 20 residences across 13 stories along with a new 6,000-square-foot community park. James Patillo, chief development officer for Grosvenor’s North American property business,
said the firm created the managing director position in response to the significant growth of its development program.
Trademark Property Promotes Four Women to Leadership Roles
Trademark Property Co., an investor, developer and operator of mixed-use developments, has tapped its next generation of female leaders with the promotions of Cassie King to vice president of design and placemaking; Laura Hale to vice president of portfolio marketing; Monica Luera to vice president of development; and Stephany Ruiz to vice president of experience. The Dallas-based company that said it is making a concerted effort to put more women in leadership positions, this year hired Nancy San Pedro as senior vice president of asset management and last year promoted Maranda Auzenne to senior vice president of property management.
In fact, Trademark said the new leaders have implemented new methods to involve female employees in decision-making by hosting quarterly dinners with other women in the industry to discuss challenges and lessons learned, conducting relevant research to get a female perspective on retail development and design decisions, and implementing a stronger focus on mentorship, collaboration and communication by creating space for one-on-one connections with team members. "As a group we are challenging ourselves to think differently, to innovate, to push new ideas that make our spaces, places and company the best in the country,” Trademark CEO Terry Montesi said in an email.
Avison Young Expands Hospitality Investment Sales Team in Denver
Avison Young has expanded its investment sales team in Denver with the addition of Stuart Hope as an associate in its hospitality group. In his new role, Hope will work with senior hotel broker Chris Kilcullen, a 30-year industry veteran who is in Avison Young’s Denver office. Hope will be responsible for expanding the brokerage's investment sales activity in high-end hotels in destination areas across the Mountain West region.
Prior to relocating to Colorado to work at Avison Young, Hope worked as a broker in Atlanta. He focused on hospitality and land redevelopment sales. Hope also has sold multiple hotels for conversion to multifamily properties, and he is an advocate of increasing the supply of affordable housing through adaptive reuse and building conversions. Marcy Moneypenny, a principal and managing director for Avison Young’s Denver office, said Hope is a key addition as the firm works to expand its share in the market. “We consider Denver a prime tourism destination that continues to attract hospitality investment and development," Moneypenny said in a statement.
Cushman Hires Veteran for Debt and Equity Team in North Carolina
Cushman & Wakefield has hired Drew Barnette as a managing director on its equity, debt and structure financing, or EDSF, team that works in the Carolinas. Based in Cushman & Wakefield's Charlotte, North Carolina, office, Barnette primarily will focus on helping grow the Carolinas EDSF operation that provides financial advisory services to clients involved in all commercial property types.
Barnette has 20 years of experience in real estate capital markets and has been involved in transactions across the Carolinas and Southeast. He most recently served as managing director of Patterson Real Estate Advisory Group's Charlotte office. He led Atlanta-based Patterson's entry into the North Carolina market in 2018. During his career, Barnette has been involved in more than $10 billion in capital market transactions involving office, multifamily, industrial, build-for-rent, healthcare and retail properties. He also previously worked at Eastdil Secured and Prudential Mortgage Capital Corp. The addition of Barnette to Cushman's EDSF team in the Carolinas is indicative of the importance of the Charlotte market as the brokerage expands this business across the Southeast, Rob Rubano, vice chairman and leader of Cushman & Wakefield’s EDSF business, said.