California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Urban Commons Names Salvatore Takoushian President, CFO
Los Angeles-based Urban Commons appointed Salvatore G. Takoushian President and CFO. The real estate investment banking veteran, who specializes in the lodging and hospitality sector, joins from Jefferies Group LLC.
Takoushian will be responsible for overseeing strategy, company operations, financial partnerships and acquisitions. He brings more than 16 years of investment banking experience advising lodging and real estate companies. He has managed the execution of public and private capital raises in excess of $25 billion, and more than $20 billion in merger and acquisition transactions.
The addition of Takoushian comes ahead of Urban Commons’ largest hospitality asset acquisition by value to-date, The Wagner at the Battery, New York City, formerly known as The Ritz-Carlton New York, Battery Park.
At Jefferies, he served as Managing Director in the Real Estate and Lodging Investment Banking Division. Earlier in his career, Takoushian spent 11 years within the investment banking division of Citigroup Global Markets.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦People


