Meet Trammell Crow’s SoCal – Los Angeles Business Unit New SVP

Trammell Crow’s SoCal – Los Angeles Business Unit has a new Senior Vice President.

By Veronica Grecu, Associate Editor

John Balestra - Senior Vice President at Trammell Crow Company
John Balestra – Senior Vice President at Trammell Crow Company

Trammell Crow Co., an independently operated subsidiary of CBRE Group, appointed John Balestra as senior vice president for the company’s SoCal – Los Angeles Business Unit.

In his new role, Balestra will be responsible for sourcing and overseeing new industrial development and investment opportunities throughout the Greater Los Angeles market. According to an official statement announcing the hire, the list of responsibilities includes overseeing land and deal sourcing, financial analysis, due diligence, entitlements, as well as debt and equity capital relationships.

Prior to joining Trammell Crow Co., Balestra served as president of Roll Real Estate Development, the largest agricultural owner in California that also provides real estate logistics solutions. Balestra’s career in the commercial real estate industry spans 30 years, during which he has managed the development, leasing, acquisition and property management for over 15 million square feet of commercial real estate valued at $1.5 billion.

Back in 2014, CPE reported that Roll Real Estate Development broke ground—under Balestra’s tenure—on the 1,625-acre Paramount Logistics Park on behalf of American Tire Distributors, with which the company signed a one-million-square-foot lease.

Balestra holds a Bachelor of Arts in Finance and Real Estate from the University of Southern California’s Marshall School of Business.