MIAMI—December and early January saw plenty of allegiance-switching and promotions among the Southeast’s commercial real estate ranks, and the balance of January was no exception. As the second month of 2013 begins, let’s look back at some more high-profile CRE musical chairs from January. (If you missed the first installment, click here.)
Rick Wall, a 19-year property management professional, is the newest member of the Colliers International South Florida team. As portfolio manager, Wall will lead the firm’s Real Estate Management Services and oversee a portfolio of office, medical office, industrial, and retail properties.
Prior to joining Colliers, Wall served as portfolio manager with Cushman & Wakefield. He also held a position as assistant vice president and Asset Manager at RREEF Management Company, where he successfully increased occupancy of a 4 million-square-foot, multi-market portfolio from 67% to 100% within the first six months and held it at 95%-plus for a three-year period, exceeding underwriting goals.
“My goal at Colliers is to make sure we are taking full advantage of the upward movement in the market,” says Wall. “We plan to maintain value and relationships by increasing occupancy and efficiencies, as well as modeling new acquisitions as pressure rebuilds in South Florida.”
In Central Florida, NAI Realvest named Robin L. Webb as managing director of brokerage operations. Webb brings 35 years of experience as a commercial broker to NAI, including the last 22 at Coldwell Banker Commercial NRT. Webb is charged with expanding brokerage services at the firm, along with investment and specialty services.
In Greensboro, CBRE promoted Richard Montana and Hal Kern, members of the Carolinas Multi-Housing Private Capital Group team, to assistant vice presidents. Montana joined CBRE in 2008 and is the co-lead multi-housing and investment sales broker for the Triad office. Kern joined Montana as co-lead of the multi-housing and investment sales team in 2010.
Miami’s TerraCap Partners named James Lane as director of Investor Relations. Lane will use his contacts in the institutional investor community to help the firm raise capital for its latest real estate private equity fund, TerraCap Partners II, as well as the firm’s future funds.
Prior to joining TerraCap, Lane worked at Opal Financial Group in several capacities, starting as a sales associate before getting promoted to vice president of sales and later becoming senior vice president in 2009. Lane was responsible for organizing Opal’s investment conferences and ensuring institutional investors were among the attendees. As part of that process, he established relationships with some of the most important pension funds and endowments in the U.S.
Finally, Stream Realty Partners promoted Simon Arpiarian to partner of its Atlanta office. The 14-year commercial real estate veteran joined Stream Realty’s Atlanta office in 2010. Previously, he was the director of Acquisitions and Asset Management for the Atlanta-based investment firm Kaufman Realty Group. His experience includes acquisitions, dispositions, recapitalizations, large lease negotiations, loan modifications, and multi-billion dollar portfolio valuations.