Middle Market Digest: This Week in Southwest

Employment news dominated this week with several new hire announcements from companies throughout the Southwest region. Notably, Passco has expanded into new asset classes, growing its retail-focused strategy to include multifamily, self-storage, senior housing and self-storage. As a result, the firm hired Adriana Olsen and Andy Wang to its sales team. Also expanding its reach, brokerage firm Draper and Kramer Mortgage Corp. opened a new office in Calabasas. In addition to the employment news, acquisitions remained active as did the capital markets, with plenty of capital secured for development and acquisitions. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

NEW & NOTABLE

LOS ANGELES—Savills Studley has hired Shawn Bakke to the firm’s Capital Markets group as Senior Managing Director. He and Emily Mitchell, Client Coordinator, come to the company from Colliers International. Based in Savills Studley’s downtown Los Angeles office, Bakke will provide investment advisory services to corporate clients, private equity sponsors and investors of single tenant retail properties on a national basis. Mr. Bakke will work closely with Maurice Neiman, Executive Managing Director, Capital Markets, who joined the firm with two colleagues in December of last year.