Colliers Lures Office Brokerage Team From CBRE in Las Vegas
Colliers has recruited the Las Vegas office brokerage team of Darren Lemmon and Randy Broadhead from CBRE, where they both worked for decades. Lemmon and Broadhead, who will be executive vice presidents at Colliers, will start their new jobs Tuesday and specialize in both landlord and tenant representation, Colliers said. Combined, the duo has more than 65 years of commercial real estate experience, and as a team they average 120 leasing and sales transactions each year. Lemmon and Broadhead have been closing deals in Southern Nevada for over 25 years. Their major clients include Howard Hughes Corp., IWG's Regus brand, Wells Fargo Bank, Yamagata Enterprises, Kingsbarn Realty Capital, Buchanan Street Partners. Colliers managing director Aaron West said in a statement that Lemmon and Broadhead are "Southern Nevada's top-producing office duo."
Newmark Bags Veteran Retail Brokerage Team in Boston
Newmark has hired a team of five retail brokers co-led by executive managing director Matt Curtin and senior managing director Greg Covey in Boston. The other team members are directors Nicole Nielsen, Alden Bush and Ela Hazar. Together they make up Newmark’s Urban Retail Group, that specializes in retail tenant and landlord representation in the Greater Boston area. The brokers, who have a combined 70 years of transaction experience, previously worked at CBRE. Combined, Curtin-Covey team members have completed more than 100 retail deals in the Boston area. The group represents more than 60 clients including national and regional retail, dining and wellness brands.
Curtin has more than two decades of experience in retail real estate. He began his career 21 years ago when he joined The Dartmouth Co., where he spent 12 years working landlord and tenant assignments. He later served as a senior real estate manager at Apple, where he handled real estate dealings throughout the U.S. and Australia. Covey, who has more than 18 years of real estate expertise, started his career at RKF in New York City and also worked at JLL and WS Development.
CBRE Hires Retail Foursome from SRS in Austin
CBRE has added a four-member retail leasing team led by Senior Vice President Will Majors to its Austin, Texas, advisory and transaction services practice. The team also includes Vice President Carson Hawley, senior associate Adelaide Ehrlich and associate Davis Franklin. The team, which joined CBRE from SRS Real Estate Partners, will focus on representing landlords and tenants in the leasing of retail property across Central Texas.
Majors, who previously led SRS's Austin and San Antonio offices, has 20 years of experience in retail real estate and has been involved in several high-profile developments in the Austin market. Hawley is a 10-year veteran of commercial property brokerage and has represented tenants, landlords and land buyers across Central Texas. Ehrlich started her real estate career in 2019 and Franklin began this year. They will help the team in its representation of tenants and landlords.
Cushman & Wakefield Lands Hospitality Broker From Savills
Cushman & Wakefield has expanded its hospitality presence with the hiring of Marc Magazine, who previously worked for Savills for more than a decade. At Cushman, Magazine's an executive director and based in the brokerage's office in Washington, D.C. He will focus on deals in the mid-Atlantic region and has served private capital groups and institutional clients as part of Cushman & Wakefield’s multimarket-based hospitality group. The firm formed that team in January to spearhead its expansion in the hospitality sector that initially focused on the Southeast region but has since expanded into the mid-Atlantic. The team's members include leader David Greenberg and brokers Gabriel Shamay, Christopher Passeggiata, Ely Silverstein and Jesse Lastofsky in Boca Raton, Florida, and Rick Redmond in Charleston, South Carolina. "We’re eager to continue growing this team as part of our long-term strategy and to further bolster our hospitality practice beyond the Southeast by bringing on Marc,” Wanda Riley, managing principal for Cushman & Wakefield’s Florida markets, said in a statement.
Magazine has completed more than $5 billion in hotel transactions over 15 years and has been in the hospitality business in Washington for 40 years. He joined Cushman from Savills, where he led the firm’s U.S. hotel group with the late Tom Baker. Magazine is a friend and former colleague of Roberta Liss, president of the Southeast region at Cushman & Wakefield.
JPMorgan Chase Adds Pair to Commercial Real Estate Group
JPMorgan Chase has added a pair of executives from KeyBank Real Estate Capital to expand JPMorgan Chase's commercial real estate team. The financial services giant hired John Hofmann as head of agency production and Todd Linehan as a managing director in Chicago, reporting to Hofmann. At JPMorgan Chase, Hofmann will expand the production team that works with multifamily and commercial borrowers. In his new role, Linehan will manage and execute Fannie Mae and Freddie Mac multifamily transactions. He'll also originate loans and develop agency relationships.
While at KeyBank Hofmann had served in various roles. Prior to joining KeyBank, he worked at CIBC, Carlton Group, Nomura Credit & Capital and LaSalle Bank. Linehan was a senior vice president at KeyBank, where he managed multifamily loan originations and focused on the Midwest. Prior to KeyBank Real Estate Capital, he worked at Freddie Mac, IRR Corporate & Public Finance, Nomura, LaSalle Bank and GE Capital.
Crescent Communities Taps Leader in Charlotte's River District
Crescent Communities, an investor, developer and operator of mixed-use projects, has appointed Rainer Ficken as senior managing director of The River District, the firm's master-planned community between the Catawba River and Charlotte Douglas International Airport in North Carolina's biggest city. Ficken joined Crescent Communities from Caldwell Cos. in Houston, where he served as executive vice president of master-planned communities. In his new role, he is responsible for the largest mixed-use master planned community in the Crescent Communities portfolio. The River District has entitlements for 8 million square feet of office space, 5,000 homes and apartments, 500,000 square feet of retail and 1,000 hotel rooms. Crescent Communities said it expects to start vertical construction on homes and apartments at the mixed-use development next year.
Ficken succeeds Chase Kerley, who is shifting to land acquisition across all of Crescent Communities' businesses and continuing his work for The Yield, the company's life science brand. Ficken has more than 30 years of experience in land development, consulting and community planning and development. He has developed and led operations of several large master-planned projects in Texas.
Mid-America Expands Chicago Landlord Representation Team
Retail real estate brokerage Mid-America Real Estate Corp. has expanded its landlord representation group with the addition of Brendan Reedy as a principal and Jimmy Danaher as a vice president. Reedy and Danaher will focus on representing retail owners in the Chicago market. Reedy, a 19-year industry veteran who spent the past 12 years at CBRE and Cushman & Wakefield, has worked on more than 300 retail projects during his career and has represented several high-profile properties and new developments in the Chicago area, including Mellody Farm, Willow Festival, Overlook of Oak Brook, and Church Street Plaza. Danaher, who joined Mid-America from CBRE, has specialized in the leasing of suburban power and lifestyle retail centers and leasing ground-up developments.