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LOS ANGELES-Lowe Enterprises has named John W. Devereux as SVP of Lowe Enterprises Real Estate Group, a post in which he will be responsible for identifying and evaluating commercial property acquisitions in the Western United States as Lowe seeks to invest approximately $500 million of discretionary capital in value-added commercial transactions nationwide over the next 24 months. The appointment of Devereux is part of an expanded acquisitions program, according to Rick Newman, president of Lowe Enterprises Real Estate Group, Western Region.Devereux joins Lowe after 18 months at Vista Real Estate Partners, a boutique real estate investment firm that he co-founded to focus on West Coast office, multi-family and retail acquisitions. Previously, he was a principal of Colony Capital LLC, where he was responsible for the portfolio management and liquidation of Colony’s domestic commercial property and hospitality investments as well as playing a lead role in the firm’s commercial property acquisitions. Earlier in his career he worked for the Prudential Realty Group and the Trammel Crow Co.Devereux is one of a number of executives named to new positions at commercial real estate firms and related companies in the Los Angeles area recently. Other executive appointments include the naming of Muhannad Abdulhamid as managing director of the Los Angeles office of Syska Hennessy Group Inc. and the formation of the new CB Richard Ellis hotel practice team of Michael D. Blahosky and Denny Rea.Abdulhamid formerly was an SVP at Syska Hennessy, a New York-based consulting, engineering and construction firm. He has spent 17 years of his 20-year career with Syska Hennessy Group and has been a principal of the firm for the past 10 years. The Los Angeles office of Syska Hennessy operates with a staff of approximately 150, housing the firm’s national health care practice, its construction service department, and a regional center for corporate real estate as well as a number of other specialties.The new CBRE hotel practices team of Blahosky and Rea and has been formed in an effort to bolster its hotel practice both regionally and globally, CBRE says. The new team is based in CBRE’s Ventura office and will focus on the acquisition and disposition of hotel and leisure properties, according to Kevin E. Mallory, senior managing director of the firm’s international hotel business. Blahosky, a CBRE first VP, is a 23-year industry veteran who has been with the firm since 2001. Rea, a VP, has specialized in the sale of hospitality properties for the past 17 years. He and Blahosky combined have completed hotel transactions in excess of $1.5 billion.

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