Real Estate Professionals Making the News
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Real Estate Professionals Making the News

NAI Global (609-945-4000) formed NAI ReStore, which will provide retailers and shopping center developers and owners with real estate services worldwide. David Solomon will head the company as president and CEO. The new company will work to increase the speed and efficiency of the acquisition, leasing and sale of retail sites. Among the services the company will offer are site
selection, tenant representation, acquisition, disposition, investment sales, valuation and project management services.

Combined Properties, Inc. (202-293-4500) hired Nadia Gilmore as vice president of West Coast leasing. The company has a real estate portfolio of five million sq.ft. worth $1 billion, as well as a $500 million development pipeline. The company also recently launched a private equity fund worth more than $200 million.

AEI Capital Corp. (800-328-3519), the holding company of AEI Funds, recently initiated a $100 million investment fund to develop and acquire net leased commercial real estate nationwide. AEI Funds develops and acquires commercial income-producing properties tenanted by retailers including Best Buy, Applebee’s, Starbucks, Jared the Galleria of Jewelry and T.G.I. Friday’s. The company acquires properties for cash with no mortgage financing.

Marx Realty & Improvement (212-557-1400) hired Joseph Povinelli as vice president
of leasing.

Krahl Construction, Inc. (303-302-0112) appointed Alexander V. Lagerborg as vice president of business development. He will be in charge of sales and new business accounts for Krahl Construction throughout the western U.S. Previously, Lagerborg served as CEO, president and director of Across America Real Estate.

Hubert Construction (301-721-9000) made the following promotions: J.J. McCarthy from president to CEO; Matt Shea from executive vice president to president and Chris Craig and Scott Hallam from project executives to vice presidents of construction for separate construction teams.

AMC Delaney Group (215-627-6500) promoted Christopher M. Parker to vice president of finance and treasurer. He will be responsible for all accounting, finance, treasury and certain administrative functions. Parker spent the past four years as the company’s corporate controller.