California People and Company News, Week of August 16, 2024

•  JLL’s  Hotels & Hospitality group is adding Tony Muscio as a senior managing director, leading the Western region. Based out of JLL’s Los Angeles office, Muscio will work closely with Jeff Bramson and Jeff Sause, who co-head JLL’s Los Angeles Capital Markets team. With more than 20 years of experience in the real estate industry, including 18 years at JLL, Muscio has been involved in more than $12 billion worth of hospitality transactions over the course of his career.  

• Torrance-based Kay Properties and Investments, which operates one of the nation’s largest 1031 exchange property and real estate investment marketplaces, has strengthened its team of Delaware Statutory Trust specialists by appointing Jeremy Hudgens as VP. Prior to joining Kay Properties, Hudgens worked for Deloitte, Valero Energy and ExxonMobil in senior financial advisory roles. 

• MVE + Partners, an architecture, planning, interior design and urban design firm based in Irvine, hired David Arnold as the new director of finance and business operations. In this newly named position, Arnold will drive the strategic growth and financial assets of MVE as it celebrates its 50th anniversary. He brings more than 40 years of experience in financial management and operations oversight to the company.

• 1031 Crowdfunding, a leading real estate crowdfunding platform for 1031 exchanges and investment vehicles focused on tax deferral, marks its tenth anniversary this month. Since its inception, the Irvine-based company has launched 14 real estate programs and acquired 17 properties across nine states while facilitating over 1,800 successful 1031 exchanges. 

• Seabreeze Management Company, Inc., a leading residential and commercial property management firm based in Aliso Viejo, recently acquired Amber Property Management, a full-service property management firm located in Mission Viejo. With the addition of Amber, the Seabreeze team now consists of over 700 colleagues serving nearly 750 associations and more than 150,000 residential and commercial properties. 

• Legence, a San Jose-based Blackstone Portfolio Company providing energy efficiency and sustainability solutions for the built environment, has acquired AMA Group, a New York City-based national engineering services firm. Over the next several months, AMA will integrate into CMTA, Legence’s largest mechanical, electrical, and plumbing engineering services portfolio company. This deal marks Legence’s first acquisition in New York City. 

• Nearon Enterprises, a private real estate investment company with approximately $1B in AUM, is looking to hire a Vice President in Walnut Creek, CA. Reporting to the President, the VP will work on a team that will source and execute new acquisitions, and asset manage a portfolio of Commercial and Multifamily investments. Contact [email protected] at RETS Associates for more information. 

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