NEW YORK CITY—Avison Young has promoted three of its professionals, GlobeSt.com has learned EXCLUSIVELY. Effective immediately, David Cohen, Peter Rotchford and Amanda Saltzman—each of whom joined the firm approximately two-and-a-half years ago—will attain the post of director.
In their new roles, Cohen, Rotchford and Saltzman will continue to work closely with Avison Young principals on meeting client needs ranging from leasing brokerage to the arrangement of debt and equity financing.
The promotions come on the heels of Avison Young having recently expanded its presence in New York City with the relocation of its Manhattan office to a full floor—totaling 40,000 square feet—at 1166 Ave. of the Americas.
“It gives us great pleasure to promote from within, and David, Peter and Amanda are certainly deserving of this distinction,” states A. Mitti Liebersohn, Avison Young principal and New York City president. “The growth of these individuals is a testament to the learning environment that our office fosters, and the caliber of real estate professionals we seek to recruit and cultivate through our employee enrichment programs.”
Previously a senior associate with the firm, Cohen's office leasing work involves tenant and landlord advocacy, as well as providing strategic real estate advisory services. He is involved in lease acquisitions and dispositions, lease renewals, and implementation of occupancy cost reduction. In 2014, Cohen was involved in 30 transactions, totaling more than 175,000 rentable square feet. He represented Samsung in acquiring its first NYC office, and completed deals for notable tech companies, including, Centro, New Voice Media and Thoughtbot.
“Avison Young is known for its collaborative atmosphere, and I've been lucky enough to be given a real opportunity to succeed,” says Cohen. “I look forward to propelling my positive momentum forward and continuing to produce value for my clients.”
A member of Avison Young's debt, joint venture and structured capital group, Rotchford is responsible for debt and equity placement, and loan sale advisory. Rotchford, who was formerly an associate, sources financing for properties around the country, and his recent deals include securing preferred equity for a memory care facility on Manhattan's Upper East Side and separate refinancings for office properties in New York City, Michigan, Tennessee, and Texas. In total, he has been involved in more than $200 million of transactions since joining the firm.
“It's been extremely rewarding to be a part of Avison Young as the firm implements its strategic vision for expansion in New York,” says Rotchford. “I look forward to continuing to contribute to the company's growth by leveraging my network and providing first-rate service to clients.”
Also a former assocate in the firm's debt, joint venture and structured capital group, Saltzman's responsibilities include debt and equity placement and execution as well as client advisory services on entity and asset recapitalizations, financing optionality, and deploying capital into real estate opportunities. She has been involved in more than $200 million of transactions across the United States. Some of her recent deals involved securing a construction loan for the development of a resort in Destin, Florida; a credit facility secured by ground leases in Virginia and the refinancing of a SRO portfolio in Manhattan.
“As Avison Young expands its footprint in New York, it's an exciting time for the firm and for me personally,” Saltzman says. “We are seeing a good deal of both domestic and foreign capital entering the market with increasing investment sales and construction activity across the country. I look forward to continuing to provide best-in-class service to my clients.”
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