KBS Promotes Marc DeLuca to CEO

Marc DeLuca

 Chuck Schreiber

NEWPORT BEACH, CA, Jan.25, 2022 – KBS, one of the largest commercial real estate investors in the country, has announced several leadership promotions to usher in the company’s next phase of growth.

 The firm, founded in 1992 by Chuck Schreiber, Peter Bren, and Don Koll, has appointed a new CEO, CFO, and vice president/asset manager and has established an Executive Committee as it achieves in 2022 a milestone of 30 years in business. 

Marc DeLuca, who has been with KBS for eight years and serves as Eastern regional president of the firm, has been promoted to Chief Executive Officer of KBS. DeLuca has taken over strategic management of the company and will guide its direction and focus moving forward.

Peter Bren

“Marc is well respected in our industry and possesses decades of proven leadership and business experience,” says Schreiber. 

“He emulates the high levels of professionalism and business expertise which will complement his success as our new Chief Executive Officer.”

 Schreiber who has held the role of CEO for 23 years has taken on a new role for the company as president and chairman of KBS and will remain an active member of the company’s leadership team. 

Don Koll

Schreiber will utilize his new role to focus on the strategic vision and future of KBS.

 In addition, KBS has promoted Jeff Waldvogel to Chief Financial Officer of KBS, a newly created position. Waldvogel has been with the firm for 11 years and has over 19 years of financial and accounting experience in the real estate industry. 

Additionally, KBS has promoted Luke Hamagiwa to vice president/asset manager of the Eastern region. 

Since joining KBS in 2016, Hamagiwa has led the acquisition and disposition of more than 2.1 million square feet of assets with a transactional value of more than $421 million. 

He also oversaw the Midwest portfolio for KBS encompassing 3.7 million square feet across seven assets. Hamagiwa currently oversees a portfolio of eight Class A properties within the District of Columbia, Maryland, Virginia (DMV) and Philadelphia markets totaling over 1.6 million square feet.

 Luke Hamagiwa

As these leadership changes take place, KBS is celebrating its 30^th anniversary in business in 2022. 

Over the last thirty years, KBS has achieved over $44 billion in transactions and has acquired and managed a portfolio of superior properties located in some of the strongest growth markets in the country, according to DeLuca.

Jeff Waldvogel

“From the day KBS was founded 30 years ago, its leadership has challenged its employees and colleagues to maintain the highest ethical standards, both at work and in their personal lives. 

"Our reputation rests on the stringent values and commitment to these standards – standards we will not allow to be changed,” says DeLuca. 

“We will continue to be focused on preserving the high standards for which our culture is known.”

 

CONTACT:

Arleeny Escarcega

 aescarcega@thesmartagency.com

 www.kbs.com.