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Weekly People and Company News for July 28

San Diego-based Douglas Wilson Companies (DWC), a national leader in specialized business, receivership and real estate services, has hired Stephen Walton as chief marketing officer and VP. This new role for DWC enables the company to focus on long-term strategic planning and partnerships across its business channels, including receivership and fiduciary services, real estate development, and legacy asset and real estate advisory services.  

Private equity firm IRA Capital has added three new members to its team as the Irvine-based firm continues to expand its real estate portfolio and operations across the U.S. New additions include Danielle Ball, director of investor relations; Grace Wang, associate asset manager; and Shah Ahsan, investment analyst. 

David Gruber has been elected to the board of directors of LTC Properties Inc., a Westlake Village-based REIT that invests in seniors housing and healthcare properties. The election increases the total number of directors from six to seven. Gruber is a qualified financial expert with significant corporate finance, governance and compliance expertise, having served as managing director, head of equity capital markets for KeyBanc Capital Markets for more than 20 years. 

BNBuilders hired Tony Church as COO. Church brings more than 28 years of construction experience, including executive-level roles leading business development, preconstruction, and operations. He holds an ASHE Healthcare Construction Certificate and has extensive experience in healthcare, education, and commercial development construction.  

BioMed Realty, a San Diego-based provider of real estate solutions to the life science and technology industries, said Charlie Piscitello has joined the company as chief people officer. Piscitello joins BioMed Realty with more than 30 years of experience leading human capital and talent management for companies in a range of industries, including medical technology and consumer brands.  

Quiring General has promoted Matt Crandall to director of preconstruction for the Bay Area. Crandall will oversee the preconstruction and estimating team, providing clients with early project planning to support successful construction. Crandall brings with him more than six years of experience as a design manager. 

The American Institute of Architects Los Angeles (AIA|LA) has announced the recipients of its annual 2023 Board of Director Awards. The Gold Medal, the highest honor bestowed by AIA|LA and selected by chapter president Leslie Sydnor, AIA, has been awarded posthumously to Earl E. Gales, Jr. 

Montclair Place, a 1.2-million-square-foot shopping center in Montclair, is partnering with Shoes That Fit, a Claremont-based nonprofit dedicated to ensuring that children don’t miss school due to a lack of proper fitting shoes. The back-to-school drive, taking place through August 15 at Montclair Place, encourages visitors to stop by Center Court where a giant peg board will display tags providing the first name, gender and shoe size of a child. Visitors purchase athletic shoes for the child described on the tag selected and bring them back to the donation bin in Center Court. 

Terreno Realty Corporation has executed an early lease renewal and expansion in San Leandro, with a provider of global aerospace and defense industry products and services. The expansion lease of 22,000 square feet expires December 2034. The renewal lease of 148,000 square feet, which was to expire in December 2024, will now expire December 2034. 

Sabra Health Care REIT, Inc., headquartered in Irvine, released its third annual Sustainability Report. Key accomplishments included: establishing a robust ESG utility collection and data repository; launching an initial $5-million Green Links Fund designed to provide NNN tenants access to capital to fund energy and water efficiency initiatives; and initiating a WISE Forum event to bring like-minded healthcare REITs and solution providers together to collaboratively address critical industry issues. 

Zonda recently launched Rental Housing Outlook, a curated subscription of analyses, forecasts and insights on the build-to-rent and single-family rental sectors. Published quarterly, Rental Housing Outlook features Newport Beach-based Zonda’s proprietary data alongside expert analyses from Zonda’s well-known team of advisors. 

ExchangeRight, a Pasadena-based provider of diversified real estate DST and REIT investments, said it has fully subscribed its Net-Leased Portfolio 59 DST, a $98,345,000 offering totaling 261,644 square feet and net-leased to grocery, pharmacy, medical, and other necessity-based national tenants operating essential businesses. The portfolio has been structured to provide investors with monthly distributions starting at an annualized rate of 4.80%. 


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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