At Newport Beach-based KBS, Ken McKay has assumed the new position of national director of portfolio operations and Rodney Richerson has been promoted to central regional president, while Rigo Medina has been appointed regional vice president of the Pacific Northwest Region for KBS Capital Markets Group, the dealer manager for KBS Real Estate Investment Trusts. The new hire at Grubb & Ellis is Jeff Majewski, who has joined the company as executive managing director for debt and equity finance.
[IMGCAP(2)]McKay and Richerson are both based at the KBS headquarters in Newport Beach; Medina is based in Seattle.
McKay, former regional president of the 14-state Central Region for KBS, will manage all KBS real estate portfolio acquisition activities, and work to expand KBS investor relationships and top-tier property investment opportunities. He joined KBS in 1994 as an asset manager, responsible for debt investment portfolios, before becoming a portfolio manger tasked with the performance of investments acquired by KBS for the State of Michigan Retirement System. He became one of three KBS Realty Advisors regional presidents in 2002 when the company reorganized regionally.
[IMGCAP(3)]Richerson, who will also retain his role as KBS' director of asset management, also joined KBS in 1994 as an asset manager and was eventually responsible for asset management for the company's Houston property portfolio. He has since played a pivotal role in the acquisition, operation and successful disposition of various high-return KBS investments. Before KBS, he worked with Koll Development in Newport Beach and Mexico City, and then with Koll Investment Management, where he handled the asset management of a large number of Texas assets.
Medina will be responsible for developing and managing broker/dealer and registered investment adviser relationships in Washington, Oregon, Idaho, Montana, Wyoming and Alaska on behalf of KBS Real Estate Investment Trusts.KBS Capital Markets Group is an affiliate of KBS Capital Advisors and KBS Realty Advisors. Before KBS, Medina was affiliated with Grubb & Ellis Securities and Triple Net Properties LLC.
Majewski, in his new post at Grubb & Ellis, will direct the company's growing commercial mortgage brokerage practice. He joins Grubb & Ellis from CB Richard Ellis, where he served as chief operating officer of the company's Debt & Equity Finance group and senior managing director of CBRE Capital Markets.
Jack Van Berkel, Grubb & Ellis' chief operating officer and president, says that over the past nine months, the company "has moved aggressively to attract experienced debt and equity professionals." Based in the company's Houston office, Majewski will report to Glen Esnard, president of Grubb & Ellis Capital Markets, and lead the expansion of the company's capabilities and commitment to provide a fully integrated Capital Markets platform for clients.
During his 20-year tenure with CBRE Capital Markets, which was previously CBRE|Melody and L.J. Melody & Co. before the company acquired it in 1996, Majewski helped CBRE's debt platform grow and expand into one of the nation's largest commercial mortgage brokerage and loan servicing companies. This includes overseeing the acquisition of seven commercial mortgage banking firms in his role as chief operating officer.
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