Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CRG Bolsters Residential Business with Three Hires
CRG, the real estate development and investment arm of Chicago-based Clayco, has expanded its residential business unit through three strategic hires. All three will be based in Chicago.
The firm added Tom Shanabruch as VP of capital markets, Louie Colella as VP of leasing and operations, and Bob Barton as senior project manager. These hires continue the growth of CRG’s residential services to support a plan for $1 billion in multifamily developments over the next two to three years.
“We have big ambitions to grow our residential platform, and these hires will allow us to quickly ramp up across our target markets,” said J.J. Smith, CRG residential group leader. “This group brings a wealth of experience and adds some familiarity which will help us shortcut a traditional learning curve.”
Colella and Barton previously worked at CA Ventures with Smith, while Shanabruch joins CRG after nearly 10 years at McCaffery Interests.
Pictured: CRG offices at 35 E.Wacker. Photo courtesy of Goettsch Partners.
For comments, questions or concerns, please contact Paul Bubny
- ◦People
- ◦Development
