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California People and Company News, Week of July 26, 2024
- Erik Anderson has joined Newmark as senior managing director. Anderson specializes in multifamily investment sales for major private clients and middle-market investors throughout Southern California and is based in the San Diego office. Before joining Newmark, Anderson held senior positions at Northmarq and CBRE, where he consistently received top producer recognition.
- Macerich appointed Diana M. Laing to its board of directors. Laing previously served on the retail REIT’s board from 2003 through 2022. With the addition of Laing, Macerich’s board will have eight directors, seven of whom are independent.
- Dunmor, a technology-forward lender specializing in residential real estate investment loans, has announced two key appointments to bolster its operational team. Andy Thienkosol, a veteran in business-purpose lending, has been named COO, while Melissa Perez, former director of operations at First Republic Bank, joins as SVP of operations at Dunmor. Thienkosol previously served as chief revenue officer for Los Angeles-based Dunmor.
- Angeles Equity Partners, LLC, a private investment firm specializing in niche manufacturing, critical industrial services, and specialty distribution businesses, hired Peter Kurto as an operating partner at Angeles Operations Group. Kurto brings more than 20 years of extensive P&L leadership experience within portfolio companies, driving transformation and performance improvement.
- Tutor Perini Corporation announced that Elevate Inglewood Partners, a public-private partnership consortium comprised of Plenary Americas US Holdings, Inc. as equity member, Tutor Perini Corporation as lead contractor, Parsons Corporation as lead designer, Woojin Industrial Systems Co., Ltd. and Alternate Concepts, Inc., has been selected as the Best Value Proposer by the City of Inglewood for the Inglewood Transit Connector Project. The project will include the design, construction, financing, operation and maintenance of a 1.6-mile automated people mover that will connect the Metro K Line and Inglewood’s new major employment and destination centers, including the Kia Forum, Sofi Stadium, YouTube Theater, the Intuit Dome and the housing and commercial destinations in the surrounding area.
- ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, said the net asset value (NAV) of the Essential Income REIT has increased again to $27.26 per share, based on an independent real estate valuation of the REIT’s real estate by KPMG combined with its other assets and liabilities as of June 30, 2024. As of June 30, 2024, the Essential Income REIT’s portfolio includes 353 properties net leased to 36 primarily investment-grade tenants successfully operating in the necessity-based retail and healthcare industries and diversified across 34 states.
- FirstService Residential is continuing to expand its property management services throughout California with the addition of several new communities. They include Baker Ranch Community Association in Lake Forest, Bickford Ranch Maintenance Association in Sacramento and Riverwalk Area 10 in Riverside.
- ◦People
