IRVINE, CA—Coldwell Banker Commercial Alliance has hired veteran retail property professional Dan Squires as SVP. In his new role, Squires will represent clients in the sale and purchase of local, regional and national retail properties.
Squires tells GlobeSt.com, “The Orange County retail market is very dynamic, and I am eager to begin working here. A lot of the recent developments and increased transaction volume are evidence that the market continues to strengthen. I believe this move is truly going to advance my career, and with CBC Alliance's commitment to middle-market transactions, there's a real opportunity to be a part of active growth and change in Orange County.”
With substantial commercial real estate experience, Squires has more than two decades of both analytical and transactional experience. He began his commercial real estate career in 1994 with CBRE in Orange County as a senior consultant in the financial consulting group. During his time there, he was directly involved with the analysis of assets with an aggregate value in excess of $1 billion, representing a diversified mix of property types on a local, regional and nationwide basis.
Since 2000, Squires has been president of Squires Commercial Real Estate, where he consulted on the current valuation of several portfolios, consisting of industrial and retail properties located throughout the US. Overall, his transactional experience encompasses the disposition of a variety of retail properties totaling in excess of 2.4 million square feet, with an aggregate value of approximately $300 million.
According to Michael Dorsey, managing principal of CBC Alliance, “Dan's blend of academic and professional experience makes him uniquely qualified to provide clients with sophisticated representation combined with the mindset of a tenured dealmaker. His successful track record for advising clients on the best real estate strategies for growing their businesses speaks for itself, and we are thrilled to add him to our team.”
As GlobeSt.com reported last month, Adam Petriella, EVP of CBC Alliance, moderated a panel at RealShare Net Lease West that revealed while financing of net lease assets in 2014 differs somewhat from 2007, there are many similarities. The redux of CMBS has been one of the contributing factors to the similarities in these two frothy markets.
Stay tuned for an upcoming interview with Dan Squires in which he discusses his goals in his new role and his predictions for the retail market in 2015.
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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.
