(Save the dates: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26, and RealShare Los Angeles comes to the Hyatt Regency Century Plaza in Los Angeles, CA, on March 27.)
LOS ANGELES-GlobeSt.com has learned exclusively that in response to the firm's significant West Coast growth last year, HFF has made changes to its West Coast leadership team. Three executives have been promoted to higher positions within the company.
Dan Cashdan, a senior managing director in the firm's local office, has assumed the role of co-head of HFF's global capital initiative, with a specific focus on Asian capital markets. He will continue to co-lead the firm's equity placement and securities business lines with senior managing director Doug Bond.
Senior managing director Kevin MacKenzie has assumed the role of co-office head, alongside senior managing director Paul Brindley in the firm's Los Angeles office. MacKenzie will continue his role as office head of the debt-and-equity placement team in Orange County.
Michael Leggett will act as co-office head of HFF's Portland office, focused on the investment-sales platform. Leggett will continue his role as office head of investment sales in San Francisco, and MacKenzie will step into a leadership position in the Portland and Seattle markets as co-head of the Portland office, managing its debt-placement team.
According to Mark Gibson, executive managing director and member of HFF's four-person leadership team, “The changes in our leadership on the West Coast are in keeping with our corporate mission, which is to identify leaders of our business and put them in positions which appropriately match their skills, aligning interests to significantly grow our presence in a given market and/or business line.”
In 2012, HFF's West Coast offices closed approximately $6.5 billion in transactions across all platforms and property types, a more than 45% increase over 2011. The firm's West Coast offices' debt-and-equity placement volume grew approximately 30% over that of 2011 to $4.35 billion, and investment sales volume grew nearly 115% to $2.1 billion. “The year-over-year performance is a significant accomplishment for the teams involved and a testament to the success of HFF in growing its West Coast practice,” Gibson added.
As GlobeSt.com previously reported, a seven-person capital markets team led by Mary Sullivan and John Jugl joined the firm's Denver office earlier this month. The team, formerly of Jones Lang LaSalle, will focus on capital markets transactions in the office, industrial and retail sectors.
What are the debt and equity markets like in your area? Leave us your comments in the box below.
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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.
