Prologis taps private investment executive, Cresa hires CBRE broker in San Diego, Asana promotes retail veteran to managing director

Prologis, the world's largest owner and developer of warehouses and logistics properties, has hired investment management veteran Ted Eliopoulos as managing director of strategic capital. In his new role, Eliopoulos will help Prologis continue to expand its private investment business and will work closely with Karsten Kallevig, global head of strategic capital, the real estate investment trust said. Eliopoulos and Kallevig both report to Dan Letter, Prologis global president. Eliopoulos most recently was managing director and senior adviser at Calvert Research and Management after serving as Calvert’s CEO and president. Before that, from 2019-2022, he served as the vice chairman and head of strategic partnerships at Morgan Stanley Investment Management. Eliopoulos also worked at the California Public Employees’ Retirement System. At CalPERS, he served as chief investment officer from 2014-2018, as well as in other executive positions at the pension fund from 2007-2014. “Our Strategic Capital business is a significant part of our growth trajectory, and we look forward to tapping into" Eliopoulos' expertise "to help us meet our ambitious goals,” Prologis CEO Hamid Moghadam said in a statement.

Cresa has hired Dennis Hearst, who specializes in law firm and corporate tenant representation, selling buildings and managing build-to-suit negotiations across Southern California, as a principal in its San Diego office. Hearst spent the past 13 years at CBRE, where he served as a senior vice president in tenant representation and occupier and advisory services. Before working at CBRE, he held executive and leadership roles with Cushman & Wakefield and Staubach Co. in San Diego. During his 35-year run in the industry, Hearst has negotiated lease transactions with a total value of more than $900 million in total consideration and sales and acquisitions valued in excess of $400 million.

Asana Partners, a real estate private equity firm focused on the retail sector, has promoted Clare Walsh, who has more than 14 years of experience in retail leasing, to managing director. In her role, Walsh will oversee retail leasing strategy and execution and continue to serve on Asana's investment committee. She joined Asana of Charlotte, North Carolina, in 2018 as director of leasing strategy. Prior to joining Asana, Walsh served as a senior leasing representative at Brookfield Properties Retail Group, where she directed restaurant leasing efforts in the West. Before that, Walsh worked at Edens, where she was responsible for retail leasing in the mid-Atlantic region. “Clare’s creative vision and deep relationships with top retailers have been instrumental in the successful activation of countless neighborhoods throughout the United States,” said Sam Judd, an Asana managing partner, in a statement.

Transwestern has hired Steve Leathers, who has more than 15 years of experience in capital markets advisory and investment management, as senior managing director of healthcare capital markets. In his new role at the Houston-based firm, Leathers will advise healthcare clients across the country on their real estate portfolios. Leathers most recently served as a principal of Vanbarton Group's healthcare division. From 2014 to 2020, Leathers worked at JLL in New York, where he served as a managing director of healthcare in its capital markets group. He also held positions at ARC Healthcare Trust and Grubb & Ellis Realty Investors. During his career, Leathers has advised public real estate investment trusts, private equity firms, developers, healthcare providers and private owners on real estate assignments with an aggregate value of more than $5.6 billion. Leathers' knowledge and experience will help "position our healthcare real estate investor clients to navigate challenging conditions, improve liquidity and capitalize on opportunities," said Blake Williams, Transwestern’s chief operating officer for healthcare advisory services, in a statement.

Cushman & Wakefield has elevated Molly Millard, who joined the brokerage's Atlanta office tenant representation team in 2020, to a director on its Southeast capital markets team. She is transitioning from her previous role as a member of the tenant representation team. In her new role, Millard will advise clients on office investment sales throughout the region and work closely with Southeast capital markets team veterans, including Samir Idris, David Meline and Stewart Calhoun. Millard started her career in commercial real estate more than six years ago. She represents clients in the professional services sector, including several law firms and financial firms, in lease negotiations for office space. Millard's promotion offers her the opportunity "to be in a position that will deliver a new learning experience and serve an important function in lifting our investor services business," said Tyler Courtney, Cushman & Wakefield’s managing principal of Atlanta operations, in a statement.