CBRE Group, Inc. announced that Ken Meyerson, of CBRE’s Consulting Group, has been promoted to vice chairman.
A 20-year industry veteran, Meyerson has been involved in more than 12 million square feet of transactions.
His professional experience includes expertise in real estate leasing and ownership projects, ranging from large corporate headquarters to standard office leases.
He has been involved in the strategic planning, negotiation and structuring of complex lease and sales transactions for a wide range of clients and assignments, including large corporate headquarters, non-profit, apparel and specialized office and studio requirements.
During his career at CBRE, Meyerson has consistently maintained his status as one of the company’s top professionals, ranking in the top 200 every year since 2006.
He has been a member of the CBRE Coldwell Colbert Circle, representing the top 100 producers at CBRE, every year since 2009.
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Cassidy Turley announced that Chief Economist Kevin Thorpe has won the National Association for Business Economics’ (NABE) Outlook Award, which is presented annually to the NABE Outlook Survey panelist with the most accurate economic forecast for the previous four quarters.
Thorpe leads the firm’s research and analysis of commercial real estate markets.
His research group produces studies and statistics on topics affecting the national and local economy, capital markets, finance, leasing fundamentals, property and project management and other factors that affect supply-demand fundamentals in commercial real estate.
He has developed several econometric models to predict commercial real estate market trends, has authored numerous studies and survey reports and regularly provides media commentary on the commercial real estate market and related business trends.
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Savanna has hired Ripley Nielsen as a financial analyst.
He will focus on acquisition underwriting and asset management in his new position.
Nielsen’s responsibilities include analysis of new acquisitions, project due diligence, financial modeling, and deal structuring.
Nielsen graduated from the Robins School of Business at the University of Richmond with a Bachelor of Science in Business Administration and a concentration in Finance and Marketing.
He also studied business management at the London School of Economics and Political Science.
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Perfect Building Maintenance (PBM) announced the addition of two executives to its senior management team.
Ronald Fay has been appointed general manager, a position created specifically for him. Patricia O’Brien joins as senior account executive.
Prior to joining PBM, Ronald Fay was general manager with Cushman & Wakefield working with Fortune 100 companies including Credit Suisse.
Before that, Fay was district manager with American Building Maintenance.
Patricia O’Brien joins PBM from Tishman Speyer at Rockefeller Center where she worked in the cleaning and facilities business for over eight years.
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Massey Knakal Realty Services announced that Michael Terranova has joined the firm as a director of industrial sales, focusing on New Jersey’s Passaic and Bergen County.
Prior to Massey Knakal, Terranova was trade marketing manager at Cressi USA where he managed production costs and landed costs for products and packaging.
Before being promoted to trade marketing manager at Cressi, Michael worked as a key account manager and he began his tenure there as part of the warehouse staff.
Michael earned a Bachelor of Science in Law and Society from Ramapo College of New Jersey. He also minored in public policy and political science.
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Prudential Real Estate Investors has named James Glen a principal and portfolio manager for its core U.S. real estate fund.
Glen will focus on asset management oversight and transactions, and will work with the team on fund strategy.
Before joining Prudential, Glen served as global head of research and strategy within BlackRock’s real estate group.
Previously, he spent more than five years with BlackRock’s portfolio management group. Prior to that, he was a senior economist at Moody’s Analytics and began his career as an analyst at JP Morgan Chase.
Glen earned a bachelor’s degree in economics from the University of North Carolina at Greensboro and a master’s degree in economics from the University of Delaware.
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Carlton Chairman Howard Michaels announced the hiring of David Tessier, a hospitality and gaming industry veteran, to co-head Carlton’s Hospitality Group as managing director.
Tessier has been involved in well over $10 billion of transactions while holding senior financial positions at Hilton Hotels Corporation, Marriott International, Ian Schrager Hotels and Intercontinental Hotel Group.
He also played a role as CFO/CIO and restructuring consultant of the successful real estate and hospitality company, Turnberry Associates who developed, own and manage the Fontainebleau Resort, the Aventura Mall and numerous other properties.
Tessier also is the former CFO of Kerzner International Resorts.
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Arbor Commercial Mortgage announced the expansion of its Seniors Housing and Healthcare financing platform with the addition of two industry veterans, Jeffrey Ringwald, senior vice president, seniors housing & healthcare; and William Jackson, vice president, seniors housing & healthcare.
Jeffrey Ringwald has focused on seniors housing and healthcare finance for his entire 16-year career, originating more than $2 billion in seniors housing loans across the country.
His expertise includes permanent loan solutions utilizing FHA/HUD, Fannie Mae DUS®, Freddie Mac Program Plus and Life Companies as well as the structuring of bridge and construction loans for clients.
Before joining Arbor, he served as a senior vice president at Oak Grove Capital in the Seniors Housing Group.
Before that, he was a managing director in the Seniors Housing & Healthcare Group at Red Capital Group, principal and manager of the Healthcare Finance Group for Prudential Mortgage Capital Company and senior vice president for Guaranty Bank’s Seniors Housing Group.
Ringwald earned a Bachelor of Business Administration degree with a concentration in finance and minor in biology from Southern Methodist University.
William Jackson has more than 16 years of financing experience, including 10 years in healthcare financing.
Before joining Arbor, Jackson was a vice president for Oak Grove Capital. Before that, he spent several years managing a portfolio of distressed CMBS financings at C-III Asset Management, LLC.
In 2006, Jackson was recruited to launch a dedicated healthcare team at Prudential Mortgage Company.
He earned a Master of Business Administration degree from Southern Methodist University and a Bachelor’s degree in aerospace engineering from the University of Texas.
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HAP Investments LLC announced that company co-founder Amir Hasid will assume the position of chief investment officer.
Hasid will oversee and manage the organization’s portfolio of assets, develop growth strategies and monitor risk assessment. He will also be responsible for raising equity and debt for each project.
Hasid will apply his legal and financial expertise to the development process from acquisition to the construction phase of a project, through to completion and residential occupancy.
The position is newly created to support the organization’s business growth as HAP Investments continues to expand in the New York market.
Hasid holds both a Law (LLB) and Business Management (MBA) degree from Manchester University.
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Walker & Dunlop, Inc. announced the addition of three originators to the Walker & Dunlop Commercial Property Funding team.
Geoff Smith has joined as managing director and head of origination for the conduit & high yield platform.
With 29 years of industry experience and an extensive background in real estate lending, Paul Jankovsky, has joined the team as senior vice president.
Kimberly Riordan has joined the group as vice president based out of Walker & Dunlop’s New York office.
All three are responsible for originating commercial financing opportunities for clients nationwide.
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Eastern Union Funding has hired 20-year real estate industry veteran Ed Lombardo as head of Construction Placements & Underwriting.
Lombardo joins Eastern Union with several decades of experience in real estate. He is an Associate Adjunct Professor at
New York University and fomer Commercial Credit Officer withAbacua Federal Savings Bank.
Before thatm Lombardo was vice president mortgage officer with Maspeth Federal Savings and a project manager with Allstate Appraisal, L.P.
Eaerlier, Lombardo was vice president – Commercial Real Estate Officer, Appraisal Management & Review with Pacific National Bank and held positions with Marathon National Bank and North Fork Bank
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CBRE Group, Inc. announced that Jeanette I. Rice has joined the company to lead its research efforts focused on the investment market in the Americas.
Rice will manage the investment and strategy team within CBRE’s research group, developing analysis and insight on investment opportunities across the region.
Rice, who will have the title of Americas Head of Investment Research at CBRE, has more than 30 years of experience as a senior-level economist, market analyst, and investment strategist.
She has consulted for investors such as Verde Realty, IDI, Brookfield Asset Management, The Lionstone Group, Granite Properties and Invesco Real Estate, and has held senior investment strategy and research leadership positions at IDI Gazeley, Crescent Real Estate and HFF.
Rice received a B.A. from the University of Washington (Seattle), an M.A. from Queen’s University (Kingston, Ontario, Canada) and did additional graduate studies at the University of Chicago.
She holds the Counselor of Real Estate (CRE) designation and is RERI (Real Estate Research Institute) and Homer Hoyt Fellow.
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Avison Young announced that principal Greg Kraut was awarded the CRE accreditation by the Counselors of Real Estate, the prestigious membership organization established exclusively for the recognition and advancement of the commercial real estate industry’s most trusted advisors, who adhere to a strict code of ethics and standards of professional practice.
Kraut joined Avison Young in September 2011 as managing director in the firm’s New York office.
Working with senior management, he helped establish the firm’s local corporate infrastructure and grow the company’s presence in the Tri-State region through business acquisitions and top-tier recruiting.
Throughout his 17-year career, Kraut successfully represented tenants in negotiations in excess of four million square feet.