E&Y’s Costello To Head of Real Estate Advisory

NEW YORK CITY-Mark Costello, the managing partner Ernst & Young’s Americas Construction & Real Estate Advisory Services practice, has been promoted to global leader of the organization’s real estate advisory practice, E&Y’s Howard Roth announced late Friday. Roth is Global Leader of the firm’s Real Estate Group. Costello will replace former global advisory leader Malcolm Bairstow, who will continue to head E&Y’s Global Infrastructure & Construction practice.

Costello, who grew E&Y’s CREAS practice in the Americas to nearly 100 employees across Dallas, Los Angeles and New York, will now take a greater international role–which he describes as a natural fit. “With the movement of capital and corporations becoming ever more global, I look forward to increasing our cross-border support for large-scale real estate transformation projects and other real estate advisory projects,” he says, in a statement. “A properly structured global real estate advisory network can be instrumental in assisting our clients with large-scale capital projects anywhere in the world.”