CBRE Taps Two US Office Capital Markets Leaders, Cresa Adds New Jersey Brokers, Stream Elevates Executive To Investor Services Head
CBRE has named Matt Carlson and Patrick Gildea co-heads of its U.S. office capital markets group. Carlson, based in San Diego, is overseeing CBRE’s West region, and Gildea, who’s in Charlotte, North Carolina, is leading the East region. With this structure, CBRE said it seeks to fortify national coordination and collaboration among its office capital markets teams that work with institutional investors. The new leadership also will let the CBRE brokers leverage their local market experience, the brokerage said.
Carlson, who has nearly 20 years of commercial real estate experience, has completed more than $6.6 billion in transactions for institutional clients. Gildea, who’s been at CBRE since 2006, has executed over $10 billion in investment property sales.
Cresa’s earnings rose a record 48% last year in New Jersey and now it has hired two senior-level brokers as it moves to new offices in Rutherford. Cresa said it added Garrett Rioux, as a senior vice president, and principal Dennis McConnell to its New Jersey office. The Jersey business, led by managing principals Dennis Gralla and Jonathan Marks, agreed to a long-term lease for a new 4,465-square-foot office suite near its previous location at 201 Route 17 North. “In the past few years, we have grown from three to 12 people” and added brokers who work with several property types including industrial, office, life science and healthcare, Gralla said in a statement. “The result has not only been a dynamic increase in transactions, but it has also helped attract new talent.” Rioux joined Cresa after an 18-year career at CBRE, specializing in tenant representation. During his career, he has completed transactions containing a total of 2 million square feet and having an aggregate value of more than $850 million. McConnell spent the previous 17 years at JLL and has worked at Trammell Crow and Cushman & Wakefield.
Stream Realty Partners has promoted Preston Young to the position of national head of investor services. Young, who has been at Dallas-based Stream for 20 years, previously served as the head of national office investor services. In his new role, he’ll now oversee both the firm’s office and industrial investor services business lines and direct growth initiatives, service delivery and client satisfaction across Stream’s national industrial footprint, the firm said. Young has played a significant role in the company’s success over the past two decades, and promoting him to the new position “will allow us to adapt swiftly to market demands and strategically diversify our portfolio,” Stream President Chris Jackson said in a statement.
Hughes Marino, an advisory firm that specializes in representing tenants, has opened an office just south of Salt Lake City and hired industry veteran Lora Munson to run it. Munson, who spent the previous six years at Colliers, joined San Diego-based Hughes Marino as an executive president. She has more than 30 years of experience working in in the Salt Lake City commercial real estate market and experience in the office, industrial and life science sectors. Hughes Marino has been working with clients, including Zions Bank, in the region for years, so opening an office in the Utah capital made sense, especially “with the vibrant business scene in Salt Lake City, including the recent growth of the financial technology and life science industries,” firm founder Jason Hughes said in a statement. The Hughes Marino Salt Lake City office is located at Union Park Center in Midvale, Utah.
Cushman & Wakefield has promoted both Donna Alderson and Greg Tassi to vice chair, typically the highest rank brokers can attain at the firm. Based in Cushman & Wakefield’s Las Vegas office, Alderson and Tassi lead a four-person industrial brokerage team. Alderson has worked in the Las Vegas commercial real estate market for more than 30 years and Tassi for over 20 years. The pair focus on selling and leasing industrial properties and work on land acquisitions and dispositions for owner, occupiers, investors and developers. During their careers, Alderson and Tassi have combined to transact “several billions of dollars in industrial leasing and sales volume, including selling over 3,000 acres of land,” Cushman & Wakefield said. Alderson and Tassi “are highly adept in navigating the industrial and land sectors,” Venessa McEvoy, Cushman & Wakefield’s Nevada market leader, said in a statement.
Lincoln Property Company has elevated Benjamin Bucci, who joined the company in 2020 in San Diego, to executive vice president and New Jersey market leader. As part of the promotion, Central New Jersey natives Bucci and his wife plan to relocate to the Garden State, Lincoln said. In San Diego, Bucci led Lincoln’s acquisition activities and oversaw leasing and asset management in the region. In New Jersey, Lincoln is based in Parsippany. The firm’s New Jersey office focuses on acquisitions, leasing, tenant representation, development and property management services. Bucci will succeed Michael Taylor, who will transition to lead property management and leasing for Lincoln across the Tri-State region of New York, New Jersey and Connecticut, the firm said. During his career, Bucci has been involved in deals with an aggregate value of approximately $3 billion in acquisition and disposition volume and has overseen developments of life science, office, research-and-development and industrial properties. “The opportunity to step into the New Jersey Market Leader role and expand the portfolio through acquisition and development across a variety of sectors is compelling,” Bucci said in a statement.
Matthews Real Estate Investment Services has hired Dustin Robinett, a veteran hospitality broker in Denver. Robinett previously served as first vice president at XO Ventures, a global investment management firm. Before that, he worked as a hotel investment sales broker at HVS and at Marcus & Millichap. Robinett, who joined Nashville, Tennessee-based Matthews as an associate vice president, will specialize in hospitality assets across the U.S. and have a specific focus in the Midwest and Mountain regions, the firm said. During his career, he has worked on transactions with several large hospitality companies including Marriott, Hilton, Best Western, Red Roof, Wyndham and Choice. Robinett’s experience “in the hospitality sector will be invaluable as we continue to expand our presence in new markets,” Matt Fitzgerald, Matthews’ managing director for the Midwest, said in a statement.
Colliers has expanded its New York team with the addition Matt Nowaczyk as a senior vice president to its U.S. capital markets hospitality practice group. In his new role, Nowaczyk will work closely with team leader Mark Owens. During his career, he has completed more than $5 billion of transactions and represented clients from across the globe.
Nowaczyk previously worked at JLL, where he was part of its hotels and hospitality group and completed more than 70 transactions, including investment sales, loan sales, recapitalizations and construction finance deals. He also has worked as an architect during a stint at Kohn Pedersen Fox Associates, and as a developer. Colliers’ global hospitality team has more than 150 professionals.
