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Real estate Professionals Making The News
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Real estate Professionals Making The News Lighthouse Commercial Realty, LLC (704-334-8040) was formed by real estate veterans Eddie Blanton, Phil Davis and Troy Legge. Blanton began his real estate career operating as a leasing agent and property manager, he has since specialized in the areas of retail and investment brokerage. Davis spent the previous eight-plus years in commercial real estate in Greenville, SC. He specializes in land sales focusing on multi-family, residential and retail development projects. Legge specializes in commercial real estate investment sales and build-to-suit development. The company also added Chris Sheppard as a commercial real estate broker, where he will focus on leasing and general brokerage.
Babystyle (3230874-4073) appointed Peter Lynch as president and COO. Lynch will be responsible for all channels of babystyle’s multi-level distribution, which includes online, catalog and retail divisions. He also will work with the retail management team to further develop the company’s uniform approach to operations, merchandising and customer service. Lynch formerly worked as Executive Vice President, Worldwide Operations at Warner Brothers Studio Stores; Chief Operating Officer at Sideout Sport and President, Retail Division for Baby Guess?/Guess? Kids.
Meridian Capital Group, LLC (212-972-3600) named Andrew Weiss as head of its Mid-Atlantic region. Weiss will be temporarily located in Bethesda, MD. Prior to joining Meridian, Weiss held positions with The Prudential Realty Group, First Washington Realty Trust and AEW. He also served as senior director of The Ackman-Ziff Real Estate Group, LLC where he sourced and executed real estate capital advisory engagements for property acquisitions and recapitalizations. In that position, Weiss worked on a variety of first mortgage debt, mezzanine debt and joint venture equity financing assignments on all property types.
CB Richard Ellis (213-613-3305) has agreed to acquire Insignia Financial Group, Inc. in a $415 million deal that would create a real estate services company with more than $1.8 billion in revenue and 16,000 employees in 47 countries. The merged company is expected to generate $90 billion worth of annual sales and leasing transactions, oversee a combined portfolio of nearly 850 million sq.ft. on a worldwide basis, manage $13 billion in assets and conduct more than $290 billion worth of appraisals. Ray Wirta will be CEO of CB Richard Ellis and Brett White will remain as president. Stephen Siegel, chairman of Insignia’s U.S. commercial real estate services operation, will become chairman of CB Richard Ellis’ global brokerage.
Gordon Brothers Group, LLC (617-422-6299) promoted the following four members of the firm’s senior management team: Kenneth Frieze was named principal and Michael Rand, Thomas Scotti and Stephen Sigel have been named managing directors. Frieze will oversee the overall management and strategic direction of the appraisal group. Most recently, he served as founder and CEO of RetailExchange.com and was a member of GBG’s Board of Advisors for 12 years. Rand will be responsible for the origination and execution of equity investments and is involved in the origination of mezzanine loans. Prior to joining the company, Rand was a principal of Palladin Capital Group. Scotti will be responsible for maintaining and expanding client relationships and will oversee daily operations of the division. Prior to joining the company, Scotti was a managing director of Fleet Retail Finance, where he was responsible for the due diligence and collateral monitoring functions of a high-risk commercial loan portfolio for seven years. Sigel will be responsible for marketing the company’s services with an emphasis on GB Asset Advisors’ services to the lending community. Prior to joining the company, Sigel was with Wells Fargo as vice president.
Trammell Crow Co. (214-863-3000) promoted Jon Andrus to principal in the Austin, TX office. Andrus now manages the company’s Austin and San Antonio, TX retail markets. Previously, he was senior vice president of the company’s retail development team and handled site selection, anchor negotiations, construction and financing.
Kramont Realty Trust (610-825-7100) announced that Laurie M. Kelly and David S. McLaughlin joined the company. Kelly is regional director of real estate and is responsible for the leasing of 11 properties in Northeast PA and southern NY, including Laurel Mall in Hazleton, Penn and five properties in the Vestal, NY market. Kelly has over 20 years of retail leasing and development experience, including positions at Pioneer Group, Wilmorite, Inc. and Konover & Associates. McLaughlin joins Kramont as senior staff attorney. He will negotiate and document purchase and sale agreements, financing and refinancing transactions, national and anchor lease transactions and other agreements relating to Kramont’s properties. He also will assist with transaction strategy.
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