LOS ANGELES-GlobeSt.com has learned that Patrick Crandall, a 25-year commercial real estate industry veteran with expertise in real estate financing and investing, has joined Cushman & Wakefield Sonnenblick Goldman as managing director in the US Western Region. Crandall will work with the company on debt and equity financed transactions. He will be based in Los Angeles.
Previously, Crandall was managing director and head of west coast originations for CIBC, a Canadian bank based in Toronto. Prior to CIBC, Crandall was senior vice president at iStar Financial, a New York City-based mortgage REIT, where he led the firm’s originations operation in San Francisco.
He was tapped to relocate to San Francisco from New York City after iStar acquired the commercial real estate financing division of Fremont Investment & Loan, where he established and managed the bank’s originations operation in the Northeast. Under his leadership, the Northeast region was Fremont’s top-producing region in two of the four years before being acquired by iStar.
Prior to Fremont, Crandall was head of West Coast acquisitions for J.E. Robert Cos., an international investment firm based in Virginia. During his tenure there, he led the underwriting and acquisition of several non-performing loan portfolios from banks, life insurance companies, the FDIC and the RTC, as well as one-off opportunistic investments for the firm’s investment funds. He also led acquisition teams in Mexico City and Tokyo.
Early in his career, Crandall was associate director in the Los Angeles office of Cushman & Wakefield, where he provided valuation and advisory services for banks, life insurance companies, pension funds and investment firms.
“Cushman & Wakefield Sonnenblick Goldman is constantly working to broaden and differentiate our service platform, in order to provide our clients with the most high-quality and comprehensive services possible,” says Steven Kohn, president and principal of Cushman & Wakefield Sonnenblick Goldman. “Patrick Crandall’s capabilities complement our current team and we are confident that his contribution will be significant.”
Robert B. Stiles, executive vice president and principal of Cushman & Wakefield Sonnenblick Goldman and head of the Western Region points out that Crandall “brings strong financing expertise, combined with an extraordinary depth of industry relationships. We are looking forward to his contribution to our already-accomplished team.”
Senior managing director Curtis Magleby, who oversees Cushman & Wakefield's investment sales, debt and equity finance and investment banking divisions in the western half of the US, says that “Adding Patrick Crandall to our team furthers our goals of developing growth initiatives and continuing to offer the highest quality service to our clients.”
Crandall is a full member of the Urban Land Institute and sits on its Urban Development and Mixed-Use Council, and is also a member of the International Council of Shopping Centers. He has been a guest lecturer, and a frequent speaker at multiple conferences including ALM/Real Estate Media Group’s RealShare Conferences.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
