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IRVINE, CA-PM Realty Group has expanded its development and acquisitions to the West Coast with the naming of 30-year industry veteran Chris Stirling to the new role of senior vice president of acquisitions and developments for PM Realty’s western division. Stirling, who will be based in the company’s Irvine office, was founding partner of Stirling Real Estate Group in Pasadena, which he established to acquire and develop properties for institutional clients looking for enhanced investment returns in Southern California.

In his new role with PM Realty, Stirling will seek out development opportunities and acquisitions for multiple product types, including office, medical office, mixed-use, industrial and multifamily on the West Coast. PMRG has been active for many years with its development and acquisitions services in the Southwest and is now expanding into major West Coast markets with existing clients, according to Jim Proehl, executive vice president and managing director of PMRG’s western division. Proehl notes that, during the past decade, PMRG’s development team has been responsible for the development and construction management of assets valued in excess of $2 billion; currently, PMRG and partners have more than $600 million in development projects under way.

Proehl says that in addition to identifying investment opportunities, Stirling will be responsible for managing development initiatives, negotiating capital commitments and securing entitlements. Before founding Stirling Real Estate, the new PM Realty Group exec served as executive vice president for IDS Real Estate Group in Los Angeles, where he was responsible for acquisitions, asset management and equity commitments for institutional capital partners. He also spent nearly 10 years with Kennedy Associates Real Estate Counsel Inc. in Pasadena, serving as senior vice president in charge of acquiring and overseeing $1.3 billion of commercial real estate in California.

Houston-based PMRG’s Irvine-based western division handles a leasing and management portfolio of more than 25 million sf in 11 western states.

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