# **California People and Company News – Week of March 21, 2025**
### **JLL Capital Markets Expands Northern California Industrial Team**
JLL Capital Markets has appointed senior director Erik Hanson to lead the Northern California Industrial Capital Markets team. With 15 years of experience and a career transaction volume exceeding $10 billion across multiple product types, Hanson will spearhead industrial investment sales efforts across the region. He will be based in the San Francisco office.
### **Veteran Broker Joins JLL in Silicon Valley**
In the Bay Area, JLL has announced that veteran Silicon Valley broker Shawn Kellenberger has joined the company as executive managing director. Kellenberger will work from both the Menlo Park office and the firm’s new San Jose location at Santana Row. His role will focus on tenant representation and landlord/agency brokerage in the region’s key sectors, including office, flex, and R&D.
### **CBRE Names Tony Morales Vice Chair in Los Angeles**
Tony Morales has joined CBRE’s Advisory & Transaction team in Los Angeles as a vice chair, the highest title for producers within the company. Morales specializes in office tenant representation, working with clients across Southern California, as well as on a national and international scale.
### **First Washington Realty Names Senior Director in Newport Beach**
First Washington Realty, a national real estate investment and management firm specializing in convenience, necessity, and experience-oriented retail real estate, has hired Lemuel Kong as **Senior Director, Asset Management** in **Newport Beach, California**. The company currently owns interests in 142 shopping centers valued at over $8.8 billion across 22 states and the District of Columbia. Kong will oversee the financial performance and business planning of the firm’s West Coast shopping center portfolio and will report to the COO. He was previously a Senior Director for KBC Advisors. Executive search firm RETS Associates managed the hiring process.
### **CapRock Partners Wins SIOR Award for Inland Empire Deal**
Western and Central U.S. industrial real estate investor, developer, and asset manager **CapRock Partners** has been recognized with the “Largest Sponsor Transaction” award by the Inland Empire and Orange County Chapter of the Society of Industrial and Office Realtors (SIOR). The award highlights CapRock’s lease transaction with a Fortune 5 e-commerce company at **CapRock I-15 Logistics**, a 1.17 million-square-foot industrial facility in Fontana.
### **Yardi Introduces Rent Estimator Tool**
Yardi, in collaboration with the **National Multifamily Housing Council** and the **Real Estate Technology and Transformation Center**, has introduced **Rent Estimator**, a tool designed to enhance fee transparency for renters. According to Yardi, Rent Estimator allows future residents to calculate the total estimated cost of renting and living at a property before deciding whether to apply.
### **Occuspace Secures $6 Million Series A Investment**
Westlake Village-based **Occuspace**, an occupancy intelligence platform for the built environment, has secured a $6-million Series A investment led by Lewis & Clark Ventures, with continued support from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures. This latest round brings the total investment in Occuspace to $14 million and will support its expansion across higher education, corporate, and government facilities.
