January – Briefs/People
- Dec 28, 2012
American Campus Communities Names Talbot CIO
American Campus Communities has promoted William Talbot to chief investment officer. He will be tasked with providing strategic direction and executive oversight of the student housing REIT’s investment platform. This includes all acquisition and development activity, as well as dispositions and asset management.
Talbot has served American Campus Communities for more than 11 years, most recently as executive vice president of investments. He joined the group as director of investments in 2001, when the company’s total assets were approximately $250 million. The Houston-based company is now the largest owner of student housing communities in the United States, with $4.5 billion in gross assets.
McCarthy Promoted to Senior Managing Director at Hines
Mary McCarthy has been promoted to senior managing director in Hines’ San Francisco office. She joined the company in 2006 as a member of the capital markets group and recently closed Hines Russia & Poland Fund and Hines U.S. Office Value Added Venture III. She is responsible for maintaining relationships with major U.S. pension consultants and investors, and is a member of the firm’s capital markets committee.
Sidor Joins Cassidy Turley
Carolyn Sidor has joined Cassidy Turley as senior managing director for market development. She will lead the brokerage operations as well as Cassidy Turley’s practice groups, including data center solutions, hospitality, law firms, food and beverage facilities, net lease investment properties and life sciences. Sidor will also lead the firm’s customer relationship management team in developing and implementing CRM tools, and will work with Cassidy Turley COO John Fleury to target and prioritize M&A opportunities and to align IT, marketing and research strategies for growth in local markets. She will be based in Boston.
Avison Young Opens Irvine Office
Avison Young has continued to expand its U.S. footprint with the addition of a fifth location in the Southern California region. The independently owned firm just set up shop in Irvine, Calif. The office will be managed by Alan Pekarcik and Daniel Vittone, longtime players in California commercial real estate who joined the firm from Voit. Combined, the two industry experts have completed industrial and office investment sales and user transactions exceeding 82 million square feet and valued at an aggregate $6.7 billion. Additionally, Avison Young grabbed John Pianta, also previously with Voit, to serve as a senior financial analyst.
Behringer Harvard Hires Watt as EVP
Brad Watt has joined Behringer Harvard as executive vice president for net lease investments. The 25-year veteran of public and private real estate investment programs will be responsible for arranging and distributing a series of high-quality 1031 Delaware Statutory Trust and other private real estate wealth management programs. The net lease platform will be anchored by an investment strategy that focuses on high-quality single-tenant assets leased to investment-grade tenants on long-term double- and triple-net leases. Before joining Behringer Harvard, Watt served in an executive role with a national single-tenant developer.
Sofia Onboard with C&W Retail Team
Jennifer Sofia has joined Cushman & Wakefield Inc. as associate director for retail leasing services. Based in the firm’s East Rutherford, N.J., office, she will focus on providing occupancy solutions to owners. Prior to joining Cushman & Wakefield, she served as asset manager for the property development division of Toys “R”Us Inc., where she managed a portfolio of owned and leased locations in the United States and Puerto Rico.
Prudential Promotes Collett to President of Asset Resources
Prudential Mortgage Capital Co. has named Hal Collett president of Prudential Asset Resources. He replaces Catherine Rodewald, who announced her decision to retire at the end of 2012. Collett will be tasked with the servicing and asset management operations associated with Prudential Mortgage Capital Co.’s commercial real estate loan portfolios, which are valued at $69.4 billion. He joined the company in 2002, and has served in multiple roles within asset resources. He was most recently vice president of asset management and credit surveillance.
Darragh to Oversee GCS in Canada, Latin America for CBRE
CBRE Group Inc. has appointed Alex Darragh to oversee its global corporate services business in Canada, Latin America and the Caribbean. His new role comes after working as the leader of the company’s global corporate services business in the central United States and Canada. Steve Quick will succeed Darragh as the new leader for the U.S. central division. Darragh joined Trammell Crow Co. in 2001 as the alliance director for the firm’s American Express account. Prior to CBRE’s acquisition of Trammell Crow, he was Crow’s international division leader.