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California People and Company News, Week of Dec. 13, 2024
- Lee & Associates has added a property management division to its Pasadena office. The team will service the Los Angeles, Orange and San Bernardino regions of Southern California across multiple commercial asset classes, including office, mixed-use, retail, multifamily, medical, and industrial. Lee & Associates Pasadena Property Management will be led by Christopher Larimore, a 20-year industry veteran and founding principal of Lee & Associates Pasadena, as president. Tish Childs, a seasoned property management professional with more than 18 years of experience, will serve as director of property management.
- Cushman & Wakefield has boosted its Southern California Healthcare Advisory Practice, adding Matthew Melendres as a senior associate. Based in San Diego, Melendres will work on a premier Cushman & Wakefield local healthcare team led by Joe Zurek and Nehal Wadhwa. Melendres joins Cushman & Wakefield from Colliers’ San Diego Healthcare team, focusing on the leasing and sales of medical buildings.
- The California Housing Finance Agency (CalHFA) has hired Stephanie McFadden, a veteran of the affordable housing industry, as the new director of multifamily programs. She was appointed by the CalHFA Board of Directors to oversee a lending team that set an agency record last fiscal year with $2 billion in lending and bond issuance and an asset management division that monitors more than 18,000 units of affordable housing. Most recently, McFadden was the chief lending officer at Low Income Investment Fund, a nonprofit CDFI, where she led capital deployment across the platform.
- Sands Investment Group (SIG) announced that Jonathan Silver has joined the team as VP– investment sales advisor. In addition to specializing in the acquisition and disposition of net leased properties, he specializes in 1031 exchanges for high-net-worth clients transitioning from multifamily properties to stabilized, well-located net lease investments. Before joining SIG, Silver spent nearly six years at Marcus & Millichap, where he advised clients on complex net lease deals and complicated 1031 exchanges.
- Hamilton Zanze, a San Francisco-based real estate investment firm, announced that, in partnership with Limekiln Real Estate Investment Management, it formed a joint venture that acquired certain new-issue securities in the Freddie Mac K-165 transaction. Limekiln will serve as the Directing Certificate Holder under the offering. The partnership purchased Class D, X2A and X2B subordinate securities, collectively referred to as the “B piece.” The bonds have a total face value of approximately $63 million.
- ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, announced the full subscription of its All-Cash 7 DST. The $24.8-million portfolio of net-leased real estate, backed by investment-grade companies operating in necessity retail and healthcare, features three net-leased properties tenanted by BioLife, Tractor Supply and Dollar Tree. The portfolio’s properties span 47,713 square feet and are located in Texas and Minnesota.
- ACRE SoCal announced a year of achievements in 2024 under the leadership of president Roxanne “Roxy” Klein. Klein, who also serves as VP of retail leasing and sales at Progressive Real Estate Partners, guided the organization in its mission to foster networking, learning, and collaboration in the retail commercial real estate industry. This year, ACRE SoCal donated $30,000 to support three nonprofit organizations, contributing $10,000 each to St. Jude’s Children’s Hospital, Orange County Animal Allies and Reaching Beyond Ourselves’ Don’t Can’t Campaign.
- ◦People
