Kiel will be based in the firm's Los Angeles office.

LOS ANGELES—The Laurus Corp. has named Douglas S. Kiel as CFO. In this new role, Kiel will work to drive the firm’s growth and to secure larger partners, loans and stakeholders for the firm.

“As an opportunistic investment firm, Laurus has several noteworthy deals in the pipeline which makes it an ideal time to join the firm,” says Kiel. “I look forward to bringing my expertise to bear on its continued success.” Laurus has had several noteworthy deals this year alone. The company entered the Minnesota market, for example, with the purchase of a 190,000-square-foot office complex in Richfield. Prior, the company bought a Baltimore office building for $26 million. Kiel was unable to provide further comment about his new position prior to the publication of this story.

Kiel is a 25-year real estate veteran with experience in finance accounting and operations management in the commercial real estate field. He formerly served as chief operating and finance officer at Makar Properties for the past 14 years. There, he spearheaded project and property operations and worked with the firm’s large institutional and equity and debt partners.