March – Briefs/People
- Feb 26, 2014
JLL Promotes O’Brien to CEO, Americas
Gregory O’Brien has been promoted to CEO of Jones Lang LaSalle Inc.’s Americas operating business. The announcement came three months after Lauralee Martin left the position for the CEO spot at healthcare REIT HCP Inc. O’Brien moves up from the position of CEO of markets solutions. He is certainly familiar with the title of CEO. O’Brien served as CEO of The Staubach Co. before its merger with JLL in 2008, after which point he became CEO of the brokerage business at JLL and helped increase revenue to more than $730 million in 2012. Later, as CEO of markets solutions, he spearheaded the businesses that yielded in excess of 60 percent of the Americas revenue.
Wood Partners Announces Top Changes
Wood Partners, one of the nation’s top multi-family developers, is planning more than $1 billion in construction this year, but will do it with some leadership changes, including a new chairman & president. The Atlanta-based real estate company said Jerry Durkin, one of its founders, is stepping down as chairman but will remain on the board. Taking over as chairman is CEO Ryan Dearborn. Joseph Keough, the former COO & CFO, becomes the new president while retaining the CFO title and duties.
Avison Young Acquires Atlanta-Based Edison Group
Avison Young’s U.S. expansion program continues with no end in sight, as the company brings yet another real estate services firm into the fold with the acquisition of the Eidson Group L.L.C. in Atlanta. The transaction bolsters Avison Young’s existing tenant representation services in the city and the Southeast overall. In Eidson, Avison Young found a seasoned player. The firm, on the Atlanta scene since 1998, has a strong reputation as a tenant representative, providing a long list of services that includes acquisition, disposition, facility design coordination, portfolio management, lease document review and move management. The force behind Eidson, founder Douglas Eidson, and office tenant representative Scott Perry are now on the Avison Young team as principal and associate broker, respectively.
Cornerstone Taps CBRE’s Brown as President
Global real estate investment manager Cornerstone Real Estate Advisors has tapped longtime real estate industry executive Scott Brown as president. Brown was snapped up from his job as head of the Americas at CBRE Global Multi Manager, and will be charged with assisting Cornerstone in the facilitation of its domestic and global expansion plans. He comes to the table well prepared, with a 26-year history in the real estate business that includes major transactions involving everything from joint ventures and co-investments to performing and non-performing debt, as well as REITs and funds.
DTZ Names Bedborough President of Facilities Management
Global property services company DTZ has welcomed Paul Bedborough to the firm as the new president of facilities management for the Americas. He will be tasked with leading the company’s high-potential facilities management operations, which is nearly a $1 billion business in the Americas. The role comes with two offices, one in Chicago and another in Boston. Bedborough brings 14 years of executive experience in the global facilities management and real estate services sectors to the post. He joins the firm from Global WorkPlace Solutions, where he achieved the title of vice president of global operations for the Americas.
Parmenter Hires Granoff as CFO
Parmenter Realty Partners has hired Jeffrey Granoff, an industry veteran with 17 years under his belt, as the firm’s CFO. He will be responsible for the company’s accounting, finance, portfolio valuation, tax and treasury operations, as well as maintaining compliance for Parmenter’s REITs and its subsidiaries. Granoff comes from Clairvue Capital Partners, where he was a principal focused on valuing and acquiring real estate fund and joint venture partnership interests on a secondary basis. He has held positions at Prudential Real Estate Investors, Arcapita Inc. and Morgan Stanley.
CBRE Promotes Grantham to President of GCS Americas
CBRE Group Inc. has named Curt Grantham president of global corporate services for the Americas. He will be charged with overseeing all client management and account operations. Grantham is based in the firm’s Charlotte, N.C., office, and was previously executive managing director for CBRE’s global corporate services East division. His history with the firm goes back to 1983, when Grantham joined Trammell Crow Co. Prior to TCC’s merger with CBRE, he served as regional director for global services in the Southeast region and was a member of the TCC operating committee.
Harrell Joins LRC as Director of Acquisitions
East Coast investor LRC Properties L.L.C. has a new director of acquisitions. David Harrell will hit the ground running, given his experience with the firm: He has worked as a consultant to LRC Properties since 2012. Based in the company’s New York office, Harrell will be tasked with sourcing deals, evaluating financial and market analysis, and closing acquisitions in the office, industrial and hotel sectors. Prior to joining LRC Properties, Harrell was an associate director with Studley Inc.’s national accounts team in Washington, D.C.