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California People and Company News for Sept. 22, 2023

  • Raise Commercial Real Estate, a real estate technology and brokerage firm headquartered in San Francisco, has appointed Richard Duff as head of portfolio strategy. Duff will use his expertise to help clients optimize their portfolios. He will play a pivotal role in developing the technology platform, including Raise’s Portfolio Management and Workplace Analytics products, to provide clients with real-time utilization metrics and actionable solutions. 
  • Max Benjamin Partners, a Beverly Hills real estate investment company, has appointed Manhattan Beach resident Drew Rands to serve as SVP.  In that capacity, he will draw from his nearly two-decade career to craft and oversee transactions from inception to completion and form and maintain relationships with the firm’s capital partners.   
  • Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments, promoted Natalie Stephens to regional VP, Southwest sales. Based in Newport Beach, Stephens will provide sales and marketing support for broker-dealers, registered representatives and registered investment advisors throughout Southern California, Nevada and Hawaii. 
  • San Francisco-based BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing, has been awarded an $8-million donation from MacKenzie Scott’s philanthropic organization, Yield Giving. The unrestricted grant will support the expansion of BRIDGE’s work to deliver quality housing communities along the West Coast.  
  • The Kleinfelder Group, Inc., a San Diego-based engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm, said affiliates of Lindsay Goldberg, in partnership with the company’s management, completed an investment in Kleinfelder. Kleinfelder’s president and CEO Louis Armstrong and the entire management team will remain with the company and continue to be involved with all phases of the business 
  • Western Asset Mortgage Capital Corporation, based in Pasadena, has declared a cash dividend of $0.35 per share for the third quarter of 2023. The dividend is payable on Oct. 26, 2023 to common shareholders of record as of Oct. 2, 2023, with an ex-dividend date of Sept. 29, 2023. 

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.


Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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