The Garibaldi Group, a 105-year-old brokerage based in New Jersey, has acquired NAI Summit of Allentown in Pennsylvania's Lehigh Valley. With the transaction, The Garibaldi Group of TGG, adds 19 employees, including eight brokers and two principals, President Jeffrey Garibaldi Jr. said in an email.

The deal will help TGG expand its business lines, Garibaldi said. “The key initiative we have been trying to follow at Garibaldi for the better part of the last decade is diversification, and creating a property management business was at the top of that priority list," Garibaldi said. “Our firm has been so office-leasing centric for so many years, that we knew change was not going to come easy nor was it going to come overnight." Acquiring NAI Summit presented the opportunity to own and operate a property management business "with a significant industrial and medical-office portfolio and track record that we could then work to continue to grow in the local market and beyond. It just felt like the perfect fit," he said.

TGG said its initial discussions with NAI Summit and its longtime principal, Frank Smith, started before the pandemic. Smith "will continue to remain active in the Lehigh Valley real estate industry and will continue to work with NAI Summit as an advisor and business development consultant," Garibaldi said. TGG established its presence in the Lehigh Valley real estate market in 2001 under the leadership of Michael Bartolacci. “We saw opportunity in the Valley over 20 years ago,” CEO Jeff Garibaldi Sr. said in a statement. “Since then, we have been eager to expand our footprint in that market. The Valley’s growth and potential are no longer a secret, and we believe the time has been right for us to expand our presence here.” NAI Summit is part of the NAI Global network. Jay Olshonsky, CEO and president of NAI Global, said the transaction will benefit TGG and NAI. “Now combined and strengthened by The Garibaldi Group, they will be a tremendous resource for NAI network clients across the country who are doing business in Lehigh Valley, PA," Olshonsky said in a statement.

NAI Summit's offices will remain at 1620 Pond Road in Allentown, the younger Garibaldi said. He declined to comment on the future of Garibaldi Group's office space at 559 Main St. in Bethlehem, Pennsylvania.

Colliers has expanded its New York capital markets group with the addition of Bradley Burwell, who spent the past 17 years at CBRE and led its New York City hotels team. In his new role at Colliers, Burwell will be an executive vice president on the firm’s U.S. capital markets hospitality practice and work closely with group leader Mark Owens, the company said. During his time at CBRE, Burwell was part of several high-profile transactions, including the sale of the Park Lane Hotel in New York, Windsor Court in New Orleans and the Four Seasons Vail in Colorado. He also has worked at PwC, where he was part of the firm's hospitality and leisure advisory services group. Over the span of his career, he has worked on transactions with an aggregate value of over $7 billion. “In collaboration with our international colleagues, Brad will prove to be an invaluable member as we continue expanding our dedicated hospitality capital markets platform," Owens said in a statement.

Brixmor Property Group, a real estate investment trust that owns open-air shopping centers, said its top executive, Jim Taylor, will return from a medical leave of absence next week. At that time, Taylor will "reassume his duties as the Company's Chief Executive Officer and President," Brixmor said in a statement. Taylor left his leadership positions at the REIT for medical reasons in early April, and its board appointed Brian Finnegan, its chief operating officer and senior executive vice president, to serve as interim president and CEO. When Taylor returns, Finnegan will continue in his position as CFO and senior executive vice president, Brixmor said. The retail REIT did not offer more information about Taylor's condition. Taylor, who has more than 20 years of industry experience, was appointed CEO of Brixmor in May 2016. He also is serving as 2024 chairman of the International Council of Shopping Centers, or ICSC, and is on the executive board of Nareit, the association representing real estate investment trusts.

Cresa, the occupier-centric brokerage, has promoted three advisers in its Denver office. Benjamin Grajzgrund was elevated to senior vice president. A multilingual broker, Grajzgrund has represented corporate clients in office and industrial across the globe. He founded Cresa's French and Swiss desks, which offer real estate services to French companies operating in North America. His clients include BNP Paribas, Decathlon, Bollore Logistics, UBS and Hermes. Justin Hubler also has been promoted to senior vice president. Hubler’s clients include Trimble, Starz, Drizly and Richey May. He is known for negotiating lease terms that offer clients flexible terms and long-term cost savings. Rob Anderson was promoted to vice president. He has worked with business leaders and organizations in Colorado and across the country, and clients include Western Energy, Fox Sports, Long Path Technology, Starry Internet and HOK.

Landmark Properties, one of the country's largest student housing owners, has hired real estate and finance veteran Max LaVictoire as managing director of investor relations. In his new role, LaVictoire will be responsible for developing and managing relationships with the company's current and prospective investors, Landmark said. He will also oversee the development of new vehicles to help Landmark’s investment strategies and equity needs, the company said. LaVictoire has more than a decade of experience in finance and real estate investment. Before he joined Landmark, he served as principal and head of general principal advisory services at global capital advisory firm Hodes Weill, where he focused on real estate and infrastructure and advised clients on more than $6 billion of capital that had been raised. LaVictoire also worked for several years in an investment role at Harvey Partners. Landmark President and CEO Wes Rogers said in a statement that LaVictoire is a significant addition to the firm "as investor interest in the student housing industry continues to grow.”

Berkadia has added senior director Vasili Davos, who spent nearly the past seven years at JLL, to its medical and life sciences group. Davos will be based in Dallas and report to Senior Vice President Mike Miner, who also serves as co-head of investment sales and production operations. Davos focuses on originating and executing investment sales and recapitalization and equity placement transactions, primarily for healthcare and medical office properties. During his career, he has completed more than $3 billion in transactions involving healthcare properties, including medical office, surgery centers, inpatient rehab, behavioral health facilities and life science assets. At JLL, Davos was part of the firm's national healthcare capital markets group. “With 13 years of industry experience, I am confident Vasili will make an immediate and significant impact in the investment sales space," Sabrina Solomiany, head of Berkadia medical and life sciences, said in a statement.

Brixton Capital, a real estate investment firm that owns a portfolio of $2 billion in assets under management in the U.S. and Europe, has hired Megan Gil as vice president of asset management. In her new role, Gil provides financial and operational management of Brixton's multifamily properties throughout the Western U.S. Gil has more than 15 years of experience in the multifamily industry in market rate and affordable housing. Prior to joining Solana Beach, California-based Brixton, Megan oversaw asset management for more than 5,000 units throughout the Western U.S. at Tower 16 Capital Partners. Prior to becoming an asset manager, she worked for Greystar and FPI Management, two of the nation's largest property management companies. “In addition to managing our multifamily assets, Megan’s experience will be a resource for our acquisitions team when evaluating new investments,” Brixton executive managing director and Chief Investment Officer Rob Taylor said in a statement.