Transwestern Appoints Hazen Transwestern Investment Group President
Hazen Appointed Transwestern Investment Group President
Transwestern, Houston, appointed Charles Hazen President of Transwestern Investment Group. He will manage the strategic direction, investor relationships and operational activities for all TIG business units.
Hazen spent most of his 32-year career at Hines, where he served in a number of executive positions including Senior Managing Director and CEO – Core Fund/REIT Division and CEO of Hines U.S. Core Office Fund, Hines Global REIT and Hines Corporate Properties. He was a member of the Hines executive committee and managed the acquisition or development of approximately $12 billion of office, retail, industrial and multifamily properties worldwide. He was involved in raising more than $6.2 billion over a 15-year period.
For the past four years, Hazen has led Stanmore Partners, a real estate development and investment firm founded in 2013. Stanmore has several projects in development and Hazen will assume the role of chairman and continue to be involved to help manage the success of those projects.
Berkadia Hires Possick in New York
Berkadia added Marc Possick to its New York office as a Senior Director. He brings 25 years of mortgage banking experience to the company and will be responsible for originating debt on multifamily and commercial real estate properties.
Prior to joining Berkadia, Possick spent 11 years with GE Capital Real Estate, where he was responsible for debt and equity originations and originated over $2 billion in transactions on a national scale. He also worked in development, investment and asset management at firms including CBA Mortgage Partners, E&Y Kenneth Leventhal and MetLife.
Westwood Financial Hires Brackenridge as Senior Vice President of Acquisitions
Westwood Financial hired Stuart Brackenridge as Senior Vice President of Acquisitions.
This appointment comes just after the real estate investment trust restructured 77 of its 120 retail center holdings and its management company into a single, $1.5 billion retail real estate company.
Prior to Westwood, Brackenridge served roles in both acquisitions and development at Regency Centers for 20 years, where he was responsible for sourcing, underwriting and closing core grocery-anchored retail centers across the country.
Equity Residential Announces Strohm’s Retirement
Equity Residential, Chicago, announced that Bruce Strohm, Executive Vice President and General Counsel since 1995, will retire from the company effective January 1, 2018.
Strohm will be succeeded by Scott Fenster, currently Senior Vice President-Legal.
Strohm joined one of Equity Residential’s predecessor companies in 1988, represented the company in its 1993 initial public offering and was named Executive Vice President and General Counsel in 1995.
Fenster joined the company in 2003. Prior to joining Equity Residential, he was an associate at Katten Muchin Rosenman LLP.
