CBRE Expands Multihousing Group

[IMGCAP(1)] LOS ANGELES-CB Richard Ellis Group Inc.‘s capital markets business has just added two new directors to its multihousing group. Both executives will work to expand the locally based firm’s multihousing capabilities through the establishment and development of its recently launched HUD/FHA-insured platform, and will identify opportunities in and originate loans for apartments, assisted living residences and health care facilities. Jayne Hulbert will head up production efforts for CBRE’s HUD/FHA initiative out of the San Francisco office. Most recently in her 30 years in the industry, Hulbert was a loan officer at Deutsche Bank Berkshire Mortgage. [IMGCAP(2)] Operating out of Atlanta, Thom Cooley will serve as chief underwriter for FHA and will help in the expansion of CBRE’s HUD/FHA initiative. He brings more than 25 years of experience to the firm, serving in senior-level positions at Prudential Huntoon Paige and ARCS Commercial Mortgage Co. LP. He also spent more than a decade working with HUD.

PALO ALTO, CA-The new co-chairman of Urban Housing Group is Alfred Pace. He will retain his role as cofounder, president and chief executive officer of Pacific Property Co. In his 24-year career in the industry, Pace has acquired more than $4 billion worth of communities on behalf of institutional investors and private shareholders. UHG develops multifamily and mixed-use communities throughout California and Washington State.

IRVINE, CA-Keystone Pacific Property Management Inc. has promoted Rob DeCanter to the role of community association manager. He was previously architectural coordinator. Working out of the firm’s headquarters here, DeCanter will oversee the management of the firm’s portfolio of existing accounts throughout Orange County, CA.