Saul accepted the top slot shortly after Shea Commercial LLC'sbrokerage division became Prudential CRES Commercial Real Estate inlate November 2006, but the news was kept under wraps until now.Hendricks & Partners did not respond by deadline for comment onthe executive's departure.

Because Shea's expertise is the office condo market, Saul tellsGlobeSt.com that the present goal is to expand into other areas ofbrokerage. "The initial part of what we'll do is grow the business,complementary to what we currently do and then move into otherareas as needed," he says. "We have the Nevada, Arizona andSouthern California regions of Prudential. Our direct goal is togrow the Arizona market."

There are now 34 employees reporting to him, but Saul says he'dlike to see that beefed up to 55 by year's end. He adds that growthwill be controlled to accommodate needs of clients and all facetsof the market and industry will be tapped for future employees.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.