February – Briefs/People
- Jan 28, 2014
C&W Taps Forst for CEO
Cushman & Wakefield Inc. has tapped Edward Forst, one-time global co-head of Goldman, Sachs & Co.’s investment management division, to serve as the new president & CEO of the global commercial real estate services firm. The selection comes roughly six months after former president & CEO Glenn Rufrano resigned from the post. Carlo Barel di Sant’Albano, chairman of C&W, has been serving as interim president & CEO.
Forst, who most recently served as an advisor to private investment firm Fenway Partners, comes to C&W well armed. He once held the position of chief administrative officer at Goldman Sachs, where he spent much of his 30-year career in various executive roles. He also served as the very first executive vice president & principal operating officer of Harvard University, his undergraduate alma mater, and did a stint as advisor to the Secretary of the Treasury of the United States.
ARCP Appoints Kay as President
Davis Kay is the newest addition to American Realty Capital Properties’ self-managed executive team. Prior to his appointment as president, Kay served as chief investment officer & CFO of Capital Automotive Real Estate Services Inc., a specialty finance company for automotive retail real estate. Kay co-founded the firm’s predecessor, Capital Automotive REIT, in 1997 and directed its IPO in 1998. In 2005, Kay led Capital Automotive through a nearly $4 billion privatization transaction. Prior to forming Capital Automotive REIT, he was employed by the public accounting firm Arthur Andersen L.L.P. for approximately a decade. According to ARCP chairman & CEO Nick Schorsch, Kay’s experience will transition well into working to integrate the CapLease, ARCT IV and Cole assets and workforces.
LaSalle Hotel Properties Promotes Guam to CIO
Hospitality REIT LaSalle Hotel Properties has promoted Ian Guam to the role of chief investment officer. He has been with the company since 1998, serving as senior vice president of acquisitions since July 2007. Prior to joining the firm, Guam worked in asset management with VMS Realty and Stone Levy Advisors. As chief investment officer, he will oversee all acquisition, disposition and risk management functions at the company. LaSalle Hotel Properties currently owns 45 hotels and a mezzanine loan secured by two hospitality assets in Santa Monica, Calif.
Carlson Appoints Berg COO
Global hospitality company Carlson has appointed David Berg as its COO. In that position, he will lead and manage the global hotel business and work to develop and implement strategic growth initiatives. He comes to the group from Z Wireless, the fastest-growing reseller of Verizon services, where he held the roles of CEO & chief customer service officer. Berg had previously worked as president of Outback Steakhouse International, with responsibility for more than 200 restaurants in 20 countries. Prior to that position, Berg had served as COO of GNC, overseeing 7,200 retail locations around the world, with revenues of $1.8 billion. His retail experience doesn’t stop there, as Berg was also the COO of Best Buy International, leading the $13 billion international division for the global electronics retailer (AS COO, HE LED ONLY ONE DIVISION?).
Thomson & Pierce to Lead New HFF Office in Philly
HFF has expanded its presence in the Mid-Atlantic region with the opening its 22nd American office in Philadelphia. The office—which will have an immediate focus on investment sales, equity placement and debt placement—will be led by Mark Thomson and Zachary Pierce, both senior managing directors. Senior managing director Mark Popovich of HFF’s Pittsburgh office will provide assistance and oversight to help grow the new location. Thomson and Pierce were formerly directors of Marcus & Millichap’s national multi-housing group, specializing in the sale of assets in the Philadelphia MSA. Their group was the highest-producing multi-family team in the Mid-Atlantic region for Marcus & Millichap over the last 12 months, closing more than 3,000 units.
Haddigan Joins CBRE as Senior Managing Director
CBRE Group Inc. has hired Bernard Haddigan to the company’s capital markets group as senior managing director. Based in Atlanta, Haddigan will work to lead the growth of CBRE’s Private Capital Group. He joined CBRE following a 28-year career at Marcus & Millichap. In 1998 he launched Marcus & Millichap’s national retail group, and built the retail business into one of the largest shopping center and net-leased property brokerages in the U.S., executing transactions with an aggregate value of more than $48 million.
RKF Debuts in Canada with Alikakos at the Helm
RKF has advanced its global expansion plans by opening its first office north of the border. The brand-new RKF Toronto office will be led by Canadian retail services veteran Steven Alikakos, who will serve in the role of president, Canada. He will also be the firm’s broker of record once it receives its license. News of the Canadian expansion comes just weeks after the firm formalized an affiliation with leading U.K. retail consulting firm CWM Retail Property Advisors L.L.P. Alikakos has more than 22 years of experience in retail leasing, and has worked with Canada’s largest and most visible retail landlords and tenants. He most recently served as senior vice president & senior manager at DTZ Canada.
Cushman & Wakefield Names Donnelly Executive Vice Chairman
Cushman & Wakefield Inc. has named Robert Donnelly executive vice chairman. He is the first New Jersey broker and the eighth employee within the services firm to hold the distinguished title. His credentials certainly warrant it. Donnelly is a 34-year veteran of Cushman & Wakefield, and has negotiated sales involving more than 3,000 acres of land that resulted in 20 million square feet of office construction. His leasing and sales figures total more than 100 million square feet. In addition, Donnelly has represented numerous Fortune 500 corporations. Among them, he has served as account executive for AT&T since 1993, and for many years acted as account executive for General Electric. A number of his relationships that started in New Jersey now expand globally.