(Save the Date: RealShare Orange County 2012 comes to the Hyatt Regency, Irvine, August 16.)
DENVER-Johnson Capital of Colorado has entered into an agreement to sell the portion of the company’s servicing portfolio owned by the Denver office to CBRE Group Inc. With the Denver office now 100% controlled by Southern California-based Johnson Capital and its CEO Guy Johnson, the company has “additional flexibility to pursue growth strategies in its core business area, arranging commercial real estate financing for a wide variety of property types,” according to a prepared statement.
Guy Johnson tells GlobeSt.com that "CBRE was a natural fit," and points out that he cannot share any price point at this time. In terms of timing, he says "This was the right move at the right time."
As part of the transaction, Michael A. Cantwell, co-founding partner and Brady O’Donnell, principal will transition to CBRE effective June 15, 2012. David Treadwell, also with JCOC, will join Cantwell and O’Donnell at CBRE.
Darren Fisk, managing director, replaces Cantwell as head of Johnson Capital’s Denver office. A leader in the office since 2004, Fisk has produced more than $3.2 billion in debt over the time frame.
In coming months, the company is expected to add new executives with expertise in commercial real estate finance, with a focus on multifamily, retail, industrial and office projects. GlobeSt.com will follow up as more information becomes available on the new hires.
“In Denver, the commercial real estate market is strong and competitive through all of our lending platforms, including life companies, CMBS and agency lenders,” Fisk says in a prepared statement. “Local market fundamentals in Denver are rebounding at a promising pace, especially in comparison to other areas of the country,” he adds.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
