CBRE Appoints Lafitte Chief Operating Officer
By Laurie Forbes
CBRE named Michael J. Lafitte chief operating officer of the firm, effective February 14, 2013. He will oversee the company’s geographically organized service businesses (Americas, EMEA and APAC), its globally organized service lines (global transaction services, global corporate services, asset services and valuation) and operational services.
Lafitte was named global president, CBRE Services last July. He also served as president of the Americas, managing a business with more than $3 billion of annual revenue and more than 20,000 workers from August 2009 to July 2012, and was president of CBRE’s Institutional & Corporate Services business beginning in December 2006.
Lafitte joined the commercial real estate industry in 1984 when he was hired by the Dallas office of Lincoln Property Co. After serving in different roles in several companies, he began his tenure at Trammell Crow Co. in 1997. He was appointed COO of Global Services beginning in September 2002 and eventually named president, global services from June 2003 until CBRE’s purchase of the organization in December 2006.
JLL Taps Roe To Lead National Construction Business
By Laurie Forbes
Jones Lang LaSalle (NYSE: JLL) selected company insider Dermot Roe as leader of its national construction business. He will manage and develop the group in the Boston, Washington, DC, Philadelphia, Chicago and San Francisco markets. Roe, a managing director based in Boston, will continue to serve as regional director of the project and development services group (PDS).
The 20-year veteran specializes in commercial base building construction and tenant improvements. Roe formerly served as a partner at Spaulding & Slye before its merger with JLL in late 2005. In 2007, he moved to Chicago to oversee JLL’s construction group in the Midwest then relocated to Boston three years later to head PDS.
Roe’s past and current assignments of note include: the renovation of the YMCA of Greater Boston’s flagship facility at 316 Huntington Ave. in Boston; the construction of 670 Albany St. in Boston’s BioSquare complex; the development of Pleasant Street Residential for Harvard University; and Stratus Computer’s property renovation and construction in Maynard.
Malley To Lead Lee & Associates San Diego–UTC
By Laurie Forbes
Lee & Associates San Diego–UTC appointed Steven M. Malley president of the firm.
Malley has sold more than 40 REO properties for regional and national lenders since he joined the company as a partner four years ago. His focus is the sale and lease of office, industrial and retail assets.
Joe Balla, the former president, resigned from his position last month. He will stay with the firm as a principal. The Lee San Diego–UTC office currently has 14 brokers.
Prior to Lee, Malley was vice president and the regional manager for the local office of Sperry Van Ness. While there, he helped grow the branch from six agents to more than 30 and opened a satellite office in Carlsbad to supplement the activity of the main UTC office.
Malley also held increasing leadership positions at Insignia/ESG in Phoenix and Studley. During his career he has facilitated more than 100 deals totaling in excess of $350 million.
Larson Joins Forces With Ketai To Run Bedrock
By CoStar Research
Bedrock Real Estate Services, the downtown Detroit-based real estate firm formed by Quicken Loans founder and chairman Dan Gilbert and real estate developer Jim Ketai, has added Eric B. Larson as co-managing partner.
Larson previously served as a senior executive for Olympia Development of Michigan, a real estate development company owned by Detroit entrepreneurs Michael and Marian Ilitch. He also founded Larson Realty Group, a privately owned commercial real estate firm based in Bloomfield Hills.
As co-managing partner, Larson will team with Ketai in running Bedrock, overseeing more than 3.5 million square feet of commercial space in downtown Detroit; Cleveland; Scottsdale, AZ; Charlotte, NC; San Diego and Pittsburgh. he will concentrate on planning, acquisitions, development and leasing activities for the real estate arm of Detroit-based Rock Ventures.
During his career, Larson developed, financed, owned and managed more than $3.5 billion in real estate, including General Motors’ purchase and development of the Renaissance Center and Millender Center, and development of One Detroit Center and the Taubman Center at the College for Creative Studies in Detroit’s New Center.
Prior to establishing Larson Realty Group, Larson was a partner and senior vice president with Bruce S. Brickman & Associates, and held senior positions with Hines.
NAI Daus Names New Managing Partner
By Laurie Forbes
NAI Daus elected Alec Pacella as the company’s new managing partner, effective immediately. The industry veteran is a top producer with 24 years of commercial real estate experience. He will focus on client relations and broker recruitment for the Cleveland, OH, firm.
Robert Brehmer, the former managing partner, will continue to work as a majority partner of the company.
NAI Daus’ partners also promoted Scott Garson, CCIM and William (Bill) Sadataki to partner.
Garson is a 24-year veteran who represents tenants and landlords in leasing and sales in office, warehouse, manufacturing, retail and land. Garson concentrates on Cleveland’s MidTown area and specializes in properties located in urban areas. He has closed more than 164 deals totaling more than 4 million square feet. Garson earned his bachelor’s degree from Kenyon College.
Sadataki has specialized in industrial real estate for 25 years. He focuses on the purchase and disposition of significant industrial properties. Sadataki’s assignments include investment sales, sale/leasebacks, and user sales or leases. He also received his B.A. from Kenyon College.
Lee & Associates Launch National CRE Valuation Service Based in Atlanta
by CoStar Research
Moving to add a real estate appraisal and valuation service to its offerings, Lee & Associates has hired Daniel Boring, MAI and institutional investment sales broker Victor Segrest in Atlanta. The group will provide appraisal, valuation, consulting, research and receivership services to banking, financial, corporate, governmental and investment clients.
Boring, who will head the group, is the former senior managing director of the southeast region for Grubb & Ellis Landauer. He was one of the eight original members of the executive management team responsible for relaunching the Landauer platform in 2010. Joining Boring as a member of the executive management team is Victor Segrest, formerly a senior vice president in Grubb & Ellis’s Institutional Group.
CBRE Adds Curtis Palmer-led Apt. Sales Team to Round Out Southern CA Coverage
By CoStar Research
A team of seven multifamily investment sales specialists led by Curtis Palmer, including Peter Sherman, Herb Chase and Ted Fentin, have joined CBRE from Multi Housing Capital Advisors (MHCA), an independent successor entity to Transwestern Multi-Housing Capital Advisors co-founded by Palmer, Sherman, Chase and two others in 2009.
The team, which will be based in CBRE’s Beverly Hills office, has represented a number of institutional investor clients in the sales of large apartment properties throughout Southern California. Since 2009, MHCA sold or financed $2 billion in apartment properties, including a $214 million portfolio sale on behalf of Gables and CIM, which included six apartment buildings located in Washington DC, Houston, Dallas and Los Angeles.
As part of CBRE’s Multi-Housing Group, Palmer and his team will continue to represent clients in the sale of institutional-quality assets, working with private client and debt markets groups in the same office.