Hevey, starting in recent days, was named managing director to lead the play. He tells GlobeSt.com that a senior analyst and administrative assistant will be hired within 30 days, with up to four mortgage bankers and more support staff on board by year's end.
Hevey spent the past 14 years with Holliday Fenoglio Fowler LP's Dallas team, rising to managing director. The HFF shop isn't available to comment on his departure.
Since the integration initiative began, Cohen Financial has opened in Phoenix, hiring Gregory K. Miskovsky from Marcus & Millichap Capital Corp. last year to lead the team as managing director, and relocated its Sacramento office to Colliers' space. FirstService, which bought 75% of Cohen in June 2006, is expected to stay the course for many Cohen offices and expand into other cities as the integration plan progresses.
Cohen also has two offices in its homeport, Downtown Chicago and its suburbs, plus teams in Denver, Miami, Newport Beach, CA, Portland, San Francisco and Tampa. The integration plan includes assembling all or part of the business lines into Colliers' offices in select markets as it did with PKF Consulting to put a capital markets group in San Francisco. The other units are McKinstry, a full-service design-build firm; MHPM, a project management company; PGP Valuation Inc., an appraisal firm and consultant; and PKF, a hospitality research, advisory and brokerage firm.
Hevey says Cohen's Dallas team will crisscross all commercial product types, including land, which is one of his specialty areas. "I'm familiar with all product types and have been most of my career," he says.
Hevey is headed to Chicago to meet again this week with senior management. When he returns, he says he'll hit the ground running, with some of his long-time clients in hand as fuel for the pipeline. During his HFF tenure, he closed more than $1.5 billion of financings.
"It's a good time to make a change. It gives me enough time to assemble the team," Hevey says, "and be a well-oiled machine by the time the capital markets recover."
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