Kennedy Wilson, a global real estate investment company with several offices in the Western U.S. and Europe, said Mary Ricks will retire Sept. 29 after working for the Beverly Hills, California, company for 33 years. The investment firm said Matt Windisch, 43, who has served as executive vice president since 2012, has been promoted to president to succeed Ricks. He joined Kennedy Wilson 17 years ago and has led strategic planning, public markets activities and overseen its credit business that has grown to $7 billion in total gross commitments.

Ricks also will resign from her position on Kennedy Wilson's board and "perform certain consulting and transition services" for the company through Feb. 1, 2026, or earlier if she or the company decides to terminate the services agreement, according to a filing with the Securities and Exchange Commission. While she serves as a consultant, Ricks will receive a monthly fee of $83,333 and the restricted stock unit awards she holds covering shares of Kennedy Wilson common stock will continue to vest during the consulting period, according to the SEC filing. Ricks also will receive a 2023 cash bonus equal to the amount she would have gotten for the full calendar year had her employment not ended, the filing said.

Kennedy Wilson also said that Mike Pegler, who has been with Kennedy Wilson for nearly a decade and previously served as its head of the United Kingdom, will also assume a new role as president of Kennedy Wilson Europe. “Our senior management team has been working and investing together for nearly 20 years and we have successfully grown the company from approximately $6 billion to $25 billion in assets under management since going public in 2009,” Kennedy Wilson Chairman William McMorrow said in a statement.

Cresa bought Axiom Advisory Group, a tenant-focused commercial real estate firm that specializes in global corporate real estate portfolio management. Based in Detroit and led by Ryan Bertin and Curt Stanton, Axiom also has employees in Chicago and Dallas. Axiom's eight-person team has joined Cresa, where Bertin and Stanton now serve as managing principals and co-leaders of the brokerage's Detroit operations.

Founded in 2017, Axiom has completed more than 450 assignments involving 16 million square feet of space in 28 countries for publicly traded and private multinational companies. It also has a project management division that has overseen more than $565 million in construction projects over the past six years.

With its acquisition of Axiom, Cresa has ended its longtime partnership with Plante Moran in Detroit. Cresa CEO Tod Lickerman said in a statement that the Plante Moran team served as "a trusted partner for over two decades“ and contributed to Cresa's overall success. Cresa’s Axiom acquisition of Axiom is the latest in a series of moves it's made to expand across the U.S. in the past 18 months. In June, Cresa added a team of nine in New York City with its purchase of Vicus Partners, and last year it acquired Esrp in Dallas and Elevate Growth Partners in Austin, Texas.

Cushman & Wakefield has hired the hospitality capital markets brokerage team of executive director Aseem Tandon, senior associate Kamlesh Patel and associate Johnny Quan in Orange County, California. The team’s primary role will be to represent sellers and buyers of hospitality properties and advise investors and developers in Orange County and across Southern California and the United States. Combined, Tandon, Patel and Quan have more than 18 years of experience working with private and institutional clients in the hospitality sector.

The team led by Tandon will collaborate with Cushman & Wakefield brokers across the country, adding to the brokerage's overall hospitality business growth, said Cody Cannon, managing principal for Orange County and the Inland Empire, said.

Lendlease appointed Meg Spriggs, now head of residential for the global real estate group's Google Development Ventures, or GDV, partnership, to serve as managing director of development for the Americas. She'll start her new job Oct. 1. and be based in Lendlease’s San Francisco office. Spriggs will report Claire Johnston, the firm's CEO of the Americas. In her new role, Spriggs will be responsible for Lendlease's $21 billion development pipeline in the Americas. It include projects in New York, Boston, Chicago, Los Angeles and the Bay Area.

A 23-year veteran of development, Spriggs has overseen the acquisition and development of more than 4,000 apartment homes across the U.S. that represented over $2 billion in capital investment. In her role with the Lendlease-Google partnership she developed and implemented the strategy and business plan for a residential portfolio across four mixed-use districts in the San Francisco Before joining Lendlease in April 2021, she held leadership positions at Shorenstein Properties and AvalonBay Communities.

Colliers has added Spencer Bomar, who has more than two decades of experience in the real estate brokerage business, to its Southeast retail team. Bomar joined Colliers in Atlanta from Avison Young, where he was a principal in its retail advisory group for more than 12 years and worked with Target, Home Depot and Barnes & Noble and other retail companies. At Colliers, Bomar will help retail clients with site selection, sales, leases, build-to-suit negotiations and other real estate activity.

Before Bomar worked at Avison Young, he was at Transwestern, North American Properties and Staubach Retail Services, where he spent more than 10 years. In addition to representing tenants, he has experience in leasing and marketing retail properties for developers and owners.

Dermody Properties, a national real estate investment, development and management company focused on logistics properties, has hired John Picchiotti as senior vice president of asset management and national leasing. Before he joined Dermody, Picchiotti served as managing director and Chicago industrial brokerage lead at JLL. In his new role at Dermody, Picchiotti will support the firm's leasing activities and assist with proposal development and deal execution. Dermody said Picchiotti also will be its primary manager of national industrial brokerage contacts. His experience in with operations and developing customer and broker relationships across the country will benefit the firm, Dermody President and CEO Douglas Kiersey Jr. said in a statement. On the asset management side, Picchiotti will be responsible for developing and executing plans for Dermody to maximize the value of its real estate portfolio.

Broker Kevin Holland has left Cushman & Wakefield to return to Edge Realty Partners in Houston. In his new role at Holland, who worked at Edge from April 2016 through June 2020, will advise private and institutional clients in the Gulf Coast region. He specializes in developing strategies for the disposition of retail assets ranging from strip centers to anchored properties. He'll work on the team that includes Mart Martindale, managing principal of Edge capital markets, and principals Micha van Marcke and Chace Henke.

Holland's brother, Britton Holland, also made the move from Cushman and Wakefield to Edge. Britton Holland focuses on valuation, strategic planning and structuring transactions to align with his clients' real estate needs. The Holland brothers have capital markets experience that includes debt and equity financing, purchasing non-performing loans, acquiring properties on behalf of public and private real estate investment trusts and selling properties and portfolios for private and institutional clients.