SAN FRANCISCO–Matthew C. McCormick has beenhired as senior vice president of The Roxborough GroupLLC, a real estate private equity firm. A veteran realestate executive with vast experience in the institutional realestate investment business, McCormick is responsible for sourcingand managing investment opportunities across the West.

McCormick tells GlobeSt.com: "The Bay Area is a top targetedmarket for the Roxborough Group as it continues to outperform thevast majority of metropolitan areas in the US economic fundamentalsremain strong with continued growth in employment, wages, homeprices and consumer spending. All of these factors have contributedto rising rental rates across all products types over the lastseveral years. With interest rates at historic lows and asignificant amount capital looking for opportunities in the BayArea, real estate values have risen considerably. As such,opportunities to capture outsized returns have become scarcer. Atthe Roxborough Group, we will continue to be prudent in ourdeployment of capital for new investments."

As senior vice president of acquisitions and capital marketsgroup for Stockbridge Capital Group—a real estateinvestment firm with more than $8 billion in gross assets undermanagement—McCormick co-led the firm's acquisition and capitalmarket efforts for the West. Before that, McCormick was anassociate director for Cushman & Wakefield'sinvestment banking group in New York from 1999 to 2005.