New Faces: CBRE's New Research Director, Myers Joins Avison Young

WASHINGTON, DC—CBRE Inc. reports that Revathi Greenwood is the brokerage firm's new director of research & analysis for the Washington, DC region.

Greenwood will head the region's nine-person research team and spearhead thought leadership initiatives aimed at helping clients understand new and evolving business and economic trends impacting the commercial real estate market, company officials state.

“Revathi brings a strong and varied background in commercial real estate, including extensive international experience in the United Kingdom, Europe and India in real estate investment, finance and advisory. Her deep understanding of our industry, coupled with her global insight and experience will bring a new perspective to our research, which is increasingly important in today's world as global business and economic trends have an even greater impact on local commercial real estate markets,” says John Germano, CBRE executive managing director for the Mid-Atlantic region.

Greenwood began her career in research and consulting at Colliers Jardine, India, and from 2003 to 2012 was a director at KPMG, UK. During her tenure, she worked with property occupiers, REITs, financial institutions and sponsors as well as public bodies and government entities. Prior to that, she was a vice president with Citigroup's investment banking team in London.

She holds a Master of Philosophy, Land Economy from the University of Cambridge in Cambridge, UK; and a Master of Business Administration from the Indian Institute of Management, Ahmedabad, India. She also holds a Bachelor of Science degree from Stella Maris College, Chennai, India.

GAITHERSBURG. MD—John Myers, a former managing director at the former Cassidy Turley (now DTZ) has joined Avison Young's office here as a principal.

Prior to joining Avison Young, Myers was a managing director at Cassidy Turley for nine years in suburban Maryland. At Avison Young, he will focus on landlord and tenant representation as well as growing the company's presence in the suburban Maryland marketplace.

“I couldn't be happier that John has joined us in suburban Maryland,” says Keith Lipton, principal and managing director of Avison Young's Washington, DC office. “I have watched as John earned a well-deserved reputation for consistently delivering superior client service, and that aligns perfectly with the Avison Young philosophy. Adding someone of John's caliber, who also has a deep bench of transactional experience in the close-in submarkets such as Bethesda, will complement and enhance our growing Maryland presence.”

In his career, Myers has represented such clients as Angelo Gordon, CEI Enterprises, Delbe Real Estate, Principal Financial Group, Prudential Insurance Co. of America, The JBG Companies and The Tower Companies.

He began his career in 1985 as a leasing agent for Smithy Braedon Co. Two years later, he joined Barnes Morris Pardoe & Foster as senior vice president. He later spent nine years at Jones Lang LaSalle and Jones Lang Wootton as senior vice president.

WASHINGTON, DC— Urban Investment Partners has completed a two-year gut renovation of a formerly vacant apartment building originally developed by Washington, DC real estate entrepreneur Harry Wardman in Columbia Heights.

The Isabella now offers 38 modern apartments that are currently 50% leased.

When acquired by UIP in December 2012, the building at 1483 Newton St., NW had been vacant for more than two decades and had been condemned by the DC Condemnation Board. It was one of the last blighted, vacant multifamily properties in Columbia Heights, company official say.

“This was the most run-down building we have ever purchased, with holes in the roof, collapsing floors, and a failing façade,” states UIP principal Steve Schwat. “It's a joy to see the restoration of this classic structure, and the apartment homes are nothing less than spectacular. This is what we love to do.”

UIP General Contracting, Inc. performed the $4.2-million renovation and Bonstra Haresign was the architect of record. UIP Property Management Inc. has taken over management of day-to-day operations of the property.

ARLINGTON, VA—EDGE Commercial Real Estate has been named the exclusive office leasing agent for Federal Realty at The Village at Shirlington at 2700 S. Quincy St. in Arlington, the brokerage firm reports.

EDGE will oversee the leasing of the 65,000 square feet of office space within the 261,000-square-foot Federal Realty Investment Trust property. The Village at Shirlington has 25,000 square feet of office space available in various sizes including several spec suites.

EDGE leases and manages another large office building at 656 Quince Orchard Road in Gaithersburg, MD and over the last 18 months, Federal Realty and EDGE have successfully increased the occupancy from 43% to nearly 100%. In addition, EDGE handles the office space leasing for Federal Realty at Graham Park in Falls Church, VA and Mount Vernon Plaza in Alexandria, VA.