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California People and Company News, Week of July 19, 2024
- The University of Southern California’s Lusk Center for Real Estate has appointed Kevork “Kev” Zoryan, managing director at Morgan Stanley Real Estate Investing, as advisory board chair and Nadine Watt, CEO of Watt Capital Partners, as vice chair. Zoryan becomes chair after serving for more than 15 years as a Lusk Advisory Board member. He replaces William A. Witte, CEO of Related California, who served as chair since 2021.
- The Roxborough Group, a real estate investment firm based in San Francisco, appointed Starwood Capital Group veteran Sam Caven as managing director of acquisitions. He will work together with Matt McCormick to lead the acquisitions team, overseeing the origination, underwriting and execution of new investment opportunities. At Starwood Capital Group, Caven executed on more than $5 billion in acquisitions and nearly $3 billion in dispositions of office, industrial and residential properties in the Western U.S.
- Veteran brokers Josh Kaplan and Troy Lucero have joined Equity Union Commercial’s Encino brokerage. In moving to Equity Union, the two agents have created a new real estate team, Highlight Real Estate Group, under the Equity Union umbrella. The team formerly led the Los Angeles multifamily investment services group at their prior brokerage, where they recently completed apartment sales of $335 million.
- Kidder Mathews has added Austin Borges as a vice president in El Segundo. Borges specializes in the disposition, acquisition, and leasing of industrial properties in Greater Los Angeles. He serves a wide range of clients including occupiers, private investors, family offices, developers, institutions, and 1031 exchange buyers.
- The American Institute of Architects Los Angeles (AIA|LA) has announced the recipients of its annual 2024 Board of Directors Awards. The Gold Medal, the highest honor bestowed by AIA|LA, has been awarded to Debra Gerod, partner at Gruen Associates. Gerod and other award recipients will be formally celebrated during the 2024 AIA|LA Design Awards Ceremony on Oct. 30.
- EVPassport, an EV charging network, has appointed Mike Milburn to its board of directors. Milburn previously served as chief customer officer at Salesforce, Inc. and brings over 20 years of experience in leadership positions specializing in SaaS, growth, and innovation. As an independent board director, Milburn will support EVPassport’s ability to scale operations to fuel the next phase of hypergrowth.
- Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has surpassed $6 billion in assets under management, which it stewards on behalf of more than 8,300 investors across the country as of June 30, 2024. The company has provided monthly distributions that met or exceeded initial targets from its founding more than a decade ago. Additionally, the company says all 33 full-cycle ExchangeRight offerings have preserved 100% of investor capital, achieving an average annual total return of 8.65%.
- ◦People
