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Real Estate Professionals Making the News
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| Real Estate Professionals Making the News Interra-Vision Development, LLC (312-645-0722) and Prudential Real Estate Investors (973-802-7455) formed a joint venture, Interra Development Partners, LLC, to oversee the development of large multi-tenant retail projects nationwide as well as build-to-suit opportunities for national retailers including Walgreens, banks and other specialty retailers. Tom Gamsjaeger was named president of the new entity and will oversee day-to-day development activities. The two companies contributed an initial commitment of $50 million to fund new development projects. The joint venture has closed on the following properties: a 6.7-acre site in Surprise, AZ for a 78,000 sq.ft. center; a 10.25-acre site in Peoria, AZ for a 29,000 sq.ft. neighborhood center; an 11.5-acre site in Florida City, FL for an 85,000 sq.ft. retail center and three Walgreens build-to-suit projects in development nationwide. Staubach (213-239-6000) named Thomas G. McDonald as a principal of the company’s Los Angeles, CA office. He will partner with Daniel O’Neil, also a principal, to lead the corporate services division in downtown Los Angeles and the Inland Empire of CA. McDonald will also lead Staubach’s national law firm practice group in Los Angeles and San Bernardino counties. He previously had worked at Cushman & Wakefield’s downtown Los Angeles office. Highland Development Co., (626-696-2002) a subsidiary of Marcus & Millichap, hired Armando Enriquez as acquisitions manager and Vladimir Shlafman as development manager. The appointments will expand the company’s acquisition and development opportunities throughout AZ, CA, NV and UT, as the company plans to spend $150 million to $200 million on development projects during the next two years. Enriquez will be responsible for acquisitions throughout southern CA and will be based in the company’s Pasadena, CA office. Shlafman will execute the company’s development activities in northern CA, assisting in site acquisitions, entitlements, due diligence and financial analysis. He will be based in the company’s San Ramon, CA office. The company also hired Thomas Cole as director of construction. Based in Pasadena, he will manage the development and finalization of architectural plans and construction budgets, as well as facilitating subcontractor bidding and site work. Cole previously was the director of development at LNR Property Corp. Hill Partners, Inc. (704-551-2202) hired Christopher Sheppard and Emily Wooten as retail leasing associates and William A. Rooney rejoined the company as retail leasing manager, a position he held from 1999 to 2001. Rooney oversees the leasing of several projects including The Town Square at Daniel Island in Charleston, SC and Clemmons Town Center in Winston-Salem, NC. Sheppard and Wooten will prospect for new retailers, negotiate leases and coordinate new tenant openings for various company projects, including The Village at Sandhill, located in Columbia, SC. Investment Management Associates, Inc. (305-661-0110) promoted Andrew Pearl to partner and vice president. He joined the company during 2003 to lead and develop its restaurant division, which represents national, regional and local restaurant groups throughout the south FL market. The Retail Connection, LP (214-572-0777) hired Jim Weir as a senior vice president of brokerage for the company’s brokerage team. Previously, he had served with The Woodmont Co. Across America Real Estate Corp. (888-285-4815) launched its broker referral program, which will give brokers a commission of 1% and up for referring developers and retail tenants to the company’s 100% construction financing program. Kowit & Passov Real Estate Group (216-514-5100) appointed Tori R. Nook to vice president of the retail division. She will assist in the day-to-day brokerage of the retail division as well as the recruitment and training of new agents. Nook has been with the company since 1999 when she joined as a retail specialist, representing landlords and national and regional tenants. Grubb & Ellis|Commercial Florida (407-481-5387) promoted Joseph Rossi to senior vice president of investment services in the Orlando, FL region. Rossi joined the company during 2005. Kin Properties (561-620-9200) is looking to fill a senior leasing position. Candidates must have at least eight years experience with national and regional tenants. Resumes and salary history can be sent to info@kinproperties.com or faxed to 561-955-9921. Transwestern West (704-551-2202) appointed Michael P. Russell managing director of development for the western region, as part of the company’s efforts to establish and expand its development group throughout major western markets. He will be based in the company’s Los Angeles, CA office. Previously, he worked with Arden Realty, developing the Howard Hughes Center, a 70-acre, one million sq.ft. mixed-use project in Los Angeles. Inland Real Estate Corp. (888-331-4732) and Pine Tree Institutional Realty, LLC (847-735-0600) formed a joint venture partnership with $100 million earmarked for the development of shopping centers primarily in the Midwest annually during the next four years. Pine Tree-Inland Development I, LLC will manage and fund the first phase of the new venture. Pine Tree Commercial Realty, LLC, an affiliate of Pine Tree Institutional, will provide day-to-day site selection, acquisition, development and leasing services, while Inland Real Estate will advise the venture in acquisition, leasing and tenant and community relationships.
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