Cox, Castle & Nicholson LLP, a leading real estate law firm, has welcomed experienced construction litigator Robert Shaia as partner in their Orange County office. With over 20 years of experience in the field, Shaia will join Cox Castle’s litigation team from his previous role at Watt Tieder Hoffar & Fitzergerald.
Rexford Industrial Realty Inc. is currently searching for a new CFO and plans to promote current CFO Laura Clark to COO upon hiring the new candidate. The company has enlisted Russell Reynolds Associates to assist with finding and appointing a qualified individual for this position. In her new role as COO, Clark will oversee various operational and growth segments including asset management, investments, development and construction.
Kidder Mathews has hired David Newman MAI as Senior Vice President in Sacramento where he brings more than two decades of experience appraising properties throughout Northern and Central California. Newman specializes primarily in apartment complexes but also has expertise with other types of commercial properties such as office buildings, industrial buildings,and retail centers.
REstack Advisors Inc., a Canadian-based real estate services firm,is expanding into the U.S.with industry veterans Scott Moreyand Robert Lieberman joining from Los Angeles-based Point Advisers.The combined REstack brandwill offer managedand project-based advisory servicesfor investors,institutions,and developersinthe real estateindustryacross North America.
Gilbane Building Companyhas appointed Ryan Heeteras SVPand West Division Leader based outof San Jose.Heeter brings over25 yearsofexperienceinthe industryto hisnewrolewherehe will provide support,strategic value,and resources across Gilbane’s West Division operations.
CenterCal Propertiesis strengthening its leadership team by adding Varun AkulaasSenior Vice Presidentof Developmentbased out of El Segundo.Akula bringsmorethan15yearsofexperiencewithcommercialrealestateprojectsinsouthernCaliforniaandalongthelasvegasstrip,focusingonmixed-useassets.He joins CenterCal from Hines,where he previously served as Managing Director.
Newport Beach-based McCarthy Building Companies has implemented a new leadership structure to support the growth of their Southern Pacific region which includes San Diego, Los Angeles, Newport Beach and Las Vegas. As part of this restructuring,Mike Myershas been named CEO; Jim Madridas President; Paul Erb as COO;and Suzy Crudenpromotedto Senior Vice Presidentof Strategy.All four executives have been long-term employees with McCarthy.
Pasadena-based ExchangeRight is offering a new share class for its Essential Income REIT exclusively for broker-dealer representatives and their clients.The newly introduced ER shares provide an opportunity to participate in the REIT’s target 10% internal rate of return net to investors.This is supported bya current monthly tax-efficient incomeof6.00% annualized,and additional growth potential through participation intheREIT’s valuein additiontoExchangeRight’s incentive feesandsponsor DST fees.
Architecture firm AO was honored at this week’s PCBC Gold Nugget Awards ceremony held at The Westin Resort in Anaheim.The Gold Nugget Awards are considered one of the most prestigious design awardsfor architecture planning,and construction.Amongst12 Merit Award finalists,the following AO projects received top honors:Spruce & Red Oak won Best On-the-Boards Multi-Family Community,Garden Brook Senior Village won Best Affordable 55+ Housing Community,and VRV took homeBest Multi-Family HousingCommunity60-100 du/acre
Los Angeles based real estate brand ALUM has partnered with global premium experiences company Legends who specialize in collegiate athletics hospitality services.With access to Legends’ extensive network within universities and athletic programs across North America,this partnership will allow ALUMto identify incremental revenue opportunitieswithin college town markets across the country.
