December – Briefs/People
- Nov 27, 2012
Stettinius Promoted to CEO at Cassidy Turley
The board of directors at Cassidy Turley unanimously voted to elevate president Joseph Stettinius Jr. to CEO of the commercial real estate brokerage firm. Stettinius was promoted when Mark Burkhart stepped down; he will continue to serve as an advisor to the company after filling the CEO spot for 20 years.
An industry veteran of 25 years, Stettinius has been president of Cassidy Turley since the company’s launch in 2008. From 2007 to 2010 he was the CEO of predecessor firm Cassidy & Pinkard Colliers. Prior to that, he was senior managing director of CB Richard Ellis Inc., following its acquisition of Trammell Crow Co., where he served as area director for the Mid-Atlantic services business.
Johnson Capital Picks Carnes for President
Johnson Capital has promoted COO Cliff Carnes to the position of president of the commercial real estate capital advisory firm. Carnes’ appointment allows Guy Johnson, who has been doing double duty as both president & CEO, to focus his attention on the company’s growth pursuits and strategic direction in the singular role of CEO. Carnes joined the firm in 2007 as senior vice president of operations, and one year later took the job of COO. As president, Carnes will not only continue his previous duties overseeing the firm’s operations but will also spearhead Johnson Capital’s growth agenda.
McGuinness Named President of Inland
Thomas McGuinness has been appointed president of Inland American Real Estate Inc. by the group’s board of directors. In his new role, McGuiness will oversee the management of the company’s day-to-day operations, including the strategic business plan, investment decisions, asset management and financing functions. He joined the firm in 1982 and has held several executive positions throughout the organization. Inland’s current portfolio totals 48 million square feet, and includes retail, office and industrial properties, as well as 9,563 multi-family units and 17,899 hotel rooms.
Westley Appointed DTZ’s Corporate Services President
Property services firm DTZ, a UGL Company, has appointed Nicholas Westley as president of global corporate services. He will be based at the DTZ global headquarters in Los Angeles. Westley brings more than 25 years of experience in development, transaction management, strategic planning, workplace strategy and account operations to the company. Prior to joining DTZ, Westley led the global real estate and project management services at Johnson Controls. Before Johnson Controls’ acquisition of United Systems Integrators in 2005, he was USI’s chief strategy officer.
Scurtis Made Managing Partner at LYND
Constantine Scurtis has been named a managing partner at LYND, the national real estate investment, development and management firm. Scurtis joined the firm in 2009 as vice president of business development after working with LYND in a consultant role. In his new position, Scurtis will be responsible for managing LYND’s recently opened Miami office and sourcing new real estate opportunities. During his nearly four years at the company, Scurtis has closed more than $500 million worth of acquisition pricing on non-performing loans and REO properties, and created an asset management division to handle all new investments.
Chess Joins Encore Equities as President
Rick Chess has been named president of Encore Equities L.L.C., a subsidiary of Dallas-based Encore Enterprises Inc. With 28 years of securities and commercial real estate experience, Chess has closed $2 billion worth of transactions and raised $270 million in equity for United Dominion Realty, ManEquity, Triple Net and ARCM. As president of Encore Equities, Chess will be tasked with managing the placement of equity for all of Encore’s real estate investments and funds. Prior to joining Encore, Chess was president of American Realty Capital Markets.
A10 Capital Hires Conway as Chief Credit and Risk Officer
A10 Capital has brought former Goldman Sachs Commercial Mortgage Capital co-CEO & chief credit officer Jim Conway into the organization as its chief credit and risk officer. Conway, who has more than 35 years of commercial mortgage experience, held the co-CEO and chief credit officer positions at Goldman Sachs CMC from 1998 to 2010. During that time, he was responsible for closing more than 1,500 commercial mortgages, totaling over $16 billion in loan volume. Prior to that, Conway served as senior vice president of Phoenix Realty Securities. From 1977 to 1995, he worked for Travelers Insurance Co., serving in all areas of the firm’s commercial real estate business.
Neyland Named President of Steadfast Income REIT
Steadfast Income REIT Inc. has announced that Ella Neyland has assumed the role of president at the public, non-traded REIT. She succeeds Rodney Emery, who will remain chairman & CEO of the company’s board. Neyland will also remain a member of the board, but tendered her resignation as chairperson of its audit committee. Neyland has nearly 30 years of experience in the financial and real estate industries. She served three years as executive vice president, treasurer & investor relations officer at UDR Inc. Additionally, Neyland spent four years as a financial advisor for a private real estate acquisitions and development company, where she advised on the acquisition of 43 medical properties with more than 2 million square feet of space in 13 states.
Ward Joins IPA as National Director of Capital Markets
Marcus & Millichap’s Institutional Property Advisors has named Brian Ward national director for the capital markets. He brings 24 years of real estate capital markets, investment management and law experience to the firm. Prior to joining IPA, Ward held the title of chief investment officer at Hendricks & Partners Inc., where he oversaw and led all capital origination and placement functions. Ward is the second major executive appointment at IPA this fall, as Brian Murdy was named national director in September.