LOS ANGELES-GlobeSt.com has exclusively learned that retail brokerage firm, Wilson Commercial Real Estate, has promoted Scott Burns to president and partner of the firm. Chris Wilson will now serve as founder and chairman of the organization.
Additionally, Shauna Mattis and Peter Kay have been promoted to senior vice president and vice president, respectively.
As president, Burns, who has been with the firm since 1998, will be responsible for the strategic direction of the firm including managing its leasing and investment teams. He will also oversee the leasing and account management of the firm's 75 center portfolio and its tenant representation assignments.
Wilson tells GlobeSt.com that now is a good time for these promotions because the market is continuing to change and Wilson Commercial Real Estate is embarking on significant growth through its internal investment in personnel and infrastructure. “We believed it was imperative to solidify our key brokerage people now.”
He adds that “This is a great day for Scott, Shauna and Peter as they have earned the opportunity to play a more integral role at Wilson Commercial Real Estate,” Wilson says. “We have a perfect leadership team in place to continue delivering significant results for our clients and achieve the growth we expect from our company in the next 10 years.”
In terms of future growth, Wilson tells GlobeSt.com that the firm’s focus is the expansion of its tenant rep activities, investment sales listings and growth of existing shopping center listings from 60 to 100 in the next 12 months.
Mattis has more than 15 years of retail real estate experience, having been with Wilson Commercial Real Estate since 2007. She will oversee the firm's leasing team as well as more than two million square feet of listing assignments. Kay is responsible for the leasing of multiple retail centers throughout Southern California.
As for the state of the Southern California leasing market, Wilson tells GlobeSt.com that the box market is tightening to nearly zero vacancy in urban densified markets. “Shop and pad space in neighborhood markets is also limited with vacancy rates below 5% and new development in these markets is very close to becoming a requirement to satisfy 2013-2014 demand.”
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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.
