PGIM Real Estate has appointed Cathy Marcus, who served as global chief operating officer and Raimondo Amabile, its global chief investment officer, as co-CEOs. Marcus and Amabile will retain their current positions when they take over as co-chief executives on Oct. 1, the company said. The pair has worked together for a decade and will jointly run PGIM Real Estate, the asset management business of Prudential Financial. PGIM's personnel moves follow the formation of PGIM Private Alternatives, a group that contains PGIM Real Estate, PGIM Private Capital and Montana Capital Partners. Current PGIM Real Estate President and CEO Eric Adler becomes president and CEO of PGIM Private Alternatives on Oct. 1, the same day Marcus and Amabile take over as co-CEOs of PGIM Real Estate.

PGIM Real Estate also made several other appointments last week. Soultana Reigle, who served as senior portfolio manager for U.S. equity value-add strategies, has been promoted to head of U.S. Equity and will replace Marcus in that role. PGIM Real Estate's deputy head of Europe, Sebastiano Ferrante, has been appointed head of Europe. Reigle and Ferrante will assume their new leadership positions in addition to their existing senior portfolio management responsibilities in each region. Enrique Lavin, deputy head of Latin America, has been promoted to head of Latin America. And Christina Hill expands her current responsibilities in Americas asset management and global environment, social and government, or ESG, in the newly created role of global head of asset management and sustainability. Also, PGIM Real Estate said Bryan McDonnell will continue in his role as head of U.S. debt & agriculture and chair of global debt, and that Benett Theseira will remain as head of Asia Pacific.

SRS Real Estate Partners added a five-person team from Avison Young in Georgia and market leader in California as the brokerage expands its industrial group from coast to coast. In Atlanta, SRS hired Chip Watson, who has more than 20 years of industrial experience, as a managing principal and Michelle Scheffler as a vice president. Their three teammates at Avison Young, senior associate Olivia Diaz, associate Charles Williams client services coordinator Paige Purinton, also joined SRS. In California's Inland Empire, the brokerage hired 20-year commercial real estate veteran David Pinsel as a managing principal and market leader in Southern California's Inland Empire. Pinsel joined SRS from DFP Real Estate Co., a firm he founded. Pinsel, who will lead SRS' industrial operations on the West Coast, also has worked at Colliers in North Texas and the Inland Empire.

The additions are part of SRS' efforts to become a major industrial service firm nationally, said managing principal Brent Landry, who formed SRS' industrial group with a team of brokers in April 2022. “Further short-term expansion efforts will focus on Austin, Chicago and New Jersey to round out the top five industrial markets in the country, and our longer-term focus is on other top industrial markets like Houston, Denver, Phoenix, and South Florida," Landry said in a statement.

Howard Hughes Holdings appointed Kristi Smith as president of its Maryland region to lead the company's Downtown Columbia development. Smith joined Howard Hughes from JBG Smith, where she spent 13 years and most recently served as an executive vice president in charge of development. She also oversaw mixed-use multifamily and commercial projects including the building of Amazon's second headquarters, or HQ2, in northern Virginia. At Howard Hughes, Smith succeeds Greg Fitchitt, whom the firm credits with making Columbia's Merriweather District a mixed-use destination. Fitchitt now is serving in a new role as executive vice president of government affairs and business development at Howard Hughes' corporate level. Late last year, the Texas-based real estate firm started construction on an 86,000-square-foot medical office building as part of a 3 million-square-foot redevelopment of Columbia, Maryland’s downtown. It is expected to be completed next spring. Howard Hughes also has had plans approved to add 700 apartments, retail and two community parks at Lakefront North, part of its Downtown Columbia development.

CBRE has added Jason Ortiz and Tyler Swenson as vice presidents on its capital markets group in Fort Collins, Colorado. In their new roles, Ortiz and Swenson specialize in working with private capital and individual property owners on the acquisition and disposition of single and multi-tenant properties, with an emphasis on tax-deferred 1031 exchanges, throughout the Fort Collins area of Northern Colorado.

An 18-year industry veteran, Ortiz most recently served as a vice president at Cornerstone Real Estate Investment Advisors. Before that, he worked an investment associate at Marcus & Millichap. Swenson joined CBRE after more than two decades as a principal of several early-stage companies and investor in and developer of various commercial real estate projects. The relationships they've developed with investors in the Fort Collins area "will be key as the capital markets landscape continues to evolve at a rapid pace," Katie Kruger, senior managing director and Colorado market leader of CBRE, said in a statement.

JLL hired Caroline Fisher, who spent the past six years at Lincoln Property Group, as a senior vice president on its Atlanta office agency leasing team that includes senior managing director Brooke Dewey. In her new role at JLL, Fisher will be responsible for sourcing and working on third-party office leasing assignments throughout the Atlanta market. While at Lincoln, she represented institutional owners in several office hubs including north Fulton, central Perimeter, Buckhead and Downtown. Moving to JLL is a natural next step based on her career, she said. The office leasing team she joined at JLL closed more than 140 transactions through mid-year and recently won assignments to lease several towers including Proscenium in Midtown and Perimeter Summit, a 1,300,000-square-foot mixed-use campus, in Brookhaven, Georgia. Fisher started her career in institutional equity sales at SunTrust Robinson Humphrey.

Horrell Co., an 80-year-old brokerage in Nashville, Tennessee, has been acquired by Elliott Smith, an attorney who's worked in corporate and real estate law. Smith bought the firm for an undisclosed price and succeeded the late Steve Horrell as president. The two had worked closely in business dealings for the past five years. Horrell also had served as Horrell Co.'s principal broker. Ben McKnight, who has worked at the firm for more than 30 years, succeeded Horrell in that capacity. A native of Dothan, Alabama, Smith is married to Nashville native Sara Darby Smith, the daughter of Steve Horrell.

Smith joined Horrell from Acadia Healthcare, where he served as in-house counsel. Before working for Acadia, Smith worked as an attorney at Waller Lansden Dortch and Davis, now part of law firm Holland & Knight. While there, he advised public and private companies on mergers and acquisitions, joint venture deals and real estate and capital markets transactions. Smith said Horrell Co.'s scalability, existing relationships, historical performance, and brand recognition alone made it a prime acquisition target. "However, the reason I acquired the company goes beyond it being a good business decision," Smith said in an email. He said that Horrell was "not only my father-in-law prior to his passing in April 2023, but was a friend and the primary influence behind my passion for commercial real estate. Honoring his legacy and advancing the company in all key areas of its long-term growth plan make the decision both professionally and personally rewarding."