November – Briefs/People
- Nov 01, 2013
Riverstone Residential Founder Danner to Become CEO
One of the country’s largest apartment managers has a new CEO. Terry Danner, co-founder and current president of Riverstone Residential, will take on the top position, stepping into the shoes of departing Walt Smith.
Danner is well equipped to lead the way, having been hands-on at Riverstone since he joined forces with Christy Freeland to form the company through the buyout of Trammell Crow Residential Services in 2006. As of Jan. 1, 2013, Riverstone Residential had more than 174,000 units under management.
Bentley Forbes Appoints Warwick as New CEO
Los Angeles-based real estate investment firm BentleyForbes has tapped CRE veteran Jeffrey Warwick as its new CEO, president & managing partner. Warwick was formerly managing director of U.S. investments for Portman Holdings, and also spent 20 years at Bank of America as a senior executive. He will be tasked with spearheading the company’s aggressive expansion plans across the multi-family, office, retail and industrial sectors.
UGL Taps JLL Alum Lickerman as DTZ CEO
Former Jones Lang LaSalle Inc. CEO of corporate solutions Americas Tod Lickerman was appointed COE of DTZ Global. Lickerman replaces outgoing DTZ group president Robert Shibuya. He brings 30 years of experience in the property services industry, having spent most of his career at Jones Lang LaSalle, where he was responsible for the leadership of the comprehensive corporate services integrated platform, providing portfolio strategy, workplace consulting, transaction services, project and development services, facilities management and mobile engineering services.
Cassidy Turley Incorporates Western Region Affiliates into Firm
Following a trajectory it set for itself three years ago, when the firm first launched, Cassidy Turley has merged its former affiliates in Arizona, Colorado, Northern California and San Diego into the firm, and all are now fully owned by the commercial real estate service provider. Together, the four Western region organizations comprise 22 offices with 790 personnel, consisting of 475 brokers completing approximately $7.3 billion in transactions last year. Thanks to the consolidation, Cassidy Turley now generates half of its revenue and has approximately 50 percent of its 3,800 employees west of the Mississippi River.
BuildingIQ Names Nark CEO
There’s been a change at the top at BuildingIQ. The board of directors of the energy management software provider has brought in Michael Nark, formerly of energy and software company Power Analytics, to serve as its new president & CEO. Nark takes the reins from founder and former CEO Michael Zimmerman, who will stay aboard as senior vice president of business development. Nark comes to the table with a 25-year history in software development in the energy and industrial sectors, and is no stranger to the title of CEO. Before joining Building IQ, he held the position at Power Analytics, where he landed after serving as president & CEO of technology-enabled energy management services firm Prenova.
ConAm Group CEO Forrester Resigns
The ConAm Group of Cos. will soon lose its CEO. Bradley Forrester has held the position in the San Diego-based real estate investment and services firm since 2005. ConAm has not disclosed the motivation for Forrester’s resignation nor his plans for the future. Forrester has been a member of the ConAm team since 1994, and had served as executive vice president before taking on the CEO position.
Rosemont Realty Names Henry CIO
Office owner Rosemont Realty L.L.C. has named commercial real estate veteran Don Henry as its chief investment officer. He comes to the firm from Wells Real Estate Funds, where he served as chief real estate officer. Henry will direct Rosemont Realty’s national investment efforts, with a focus on acquisitions and fundraising. He will lead the team that sources and acquires Class A buildings in select markets, and will work with Rosemont’s New York-based investment team to raise money from institutional investors, family office trusts, high-net-worth individuals and other institutions seeking to invest in high-quality U.S. office space. While at Wells, Henry oversaw the acquisition of $3.3 billion in Class A office buildings in 23 markets across the U.S.
CBRE Group Names Gerard Global President, Valuations
CBRE Group Inc. has named Mike Gerard global president, valuations, a new position for the company. The role will have Gerard overseeing the global integration and growth of the firm’s valuation services line. In 2012, the company’s 1,500 valuation professionals performed more than 118,000 valuation assignments across the globe. Gerard has been with CBRE since 2005, and most recently served as president of the U.S. central division.