(Save the date: RealShare Industrial 2012 comes to The Banker's Club, Miami, December 5 - 6.)
LOS ANGELES-Newmark Grubb Knight Frank has hired industry veteran Eric P. Hasserjian for its local office as a senior managing director. Hasserjian will lead NGKF’s landlord-representation business in Southern California as the firm expands its presence in the region.
Hasserjian has more than 23 years of experience in the industry, having completed more than 1,500 lease transactions and been involved with more than $7 billion worth of investment-sales transactions. He comes to NGKF from Arden Realty Inc., a wholly owned subsidiary of GE Capital Inc., where he spent 13 years as a SVP spearheading the leasing performance of a 9.5-million-square-foot nationwide office portfolio. Hasserjian’s efforts resulted in the portfolio achieving and maintaining an occupancy rate of greater than 90% over the past five years.
“By taking a landlord’s approach to leasing office buildings, I’m excited to collaborate with the stellar management team to develop and execute a comprehensive regional growth plan,” Hasserjian said in a prepared statement.
The region’s management team includes Chuck Hunt, EVP and regional manager; James McFadden and Greg May in Newport Beach, CA; Don Hudson in downtown L.A.; Steve Kolsky and Mike Arnold in West L.A.; David Burback in Ontario, CA; and Steve Wolf in San Diego.
“Los Angeles is one of the largest office markets in the US, and we are confident Eric will be able to leverage his experience and the company’s strong institutional relationships emanating from New York to help us grow rapidly,” said Hunt in a prepared statement.
As Globest.com previously reported, Jack McNutt, senior managing director at NGKF, spoke about end users’ needs at last week’s RealShare Orange County’s End User Panel in Irvine, CA. According to McNutt, the quality of a building and the amenities, are still driving the real estate decision. “Tenants want their employees to have a great experience,” he said.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
