IEC appoints David Shin to Director of Asset Management and Director of ESG

 

David Shin

BREA, CA – As part of ongoing strategic growth to deepen its capabilities, institutional fund manager and value-add investor Interstate Equities Corporation (IEC) has announced the promotion of David Shin to Director of Asset Management and Director of ESG. 

With this promotion, Shin, who previously served as the IEC’s Vice President of Asset Management, will be responsible for the oversight of repositioning and business plan execution for properties across IEC’s entire multifamily portfolio, which spans California and Washington, and continue co-leading the firm’s Orange County office, according to Julia Boyd Corso, Co-President, and Chief Operating Officer of IEC. 

Julia Boyd Corso

“David has been an integral part of the IEC team for seven years now,” says Boyd Corso. “He started at the firm as an Asset Manager and has since taken on greater responsibilities during his tenure, playing a key role in asset performance throughout our portfolio.

"As Director of Asset Management, David will oversee IEC’s portfolio, ensuring assets are being repositioned and operated in line with our commitment to improving resident experience and creating value for our investors.” 

In addition to his position as Director of Asset Management, David will continue to serve as a trusted member of IEC’s investment committee, and step into a new role as Director of ESG. 

 CONTACTS:

 

Anthea Davis / Lexi Astfalk  

The Smart Agency, Inc.  

(949) 438-6262  

andavis@thesmartagency.com   

 

 

 

East Houston, TX retail center sells to South Florida investor

 

Erin Lazarus.

HOUSTON, TX – JLL Capital Markets has closed the sale of Humblewood Shopping Center, a 163,897-square-foot power center anchored by Conn’s and Petco in the Houston-area community of Humble, Texas. The price was not disclosed.

JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West and Associate Erin Lazarus.

Chris Gerard 

Humblewood Shopping Center is home to a diverse mix of national and regional tenants, including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.

 Located at 19611 US 59, Humblewood Shopping Center is at the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is northeast Houston’s dominant retail intersection and directly across the street from Deerbrook Mall, a 1.2-milion-square-foot regional mall.

Ryan West

The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people.

 The center serves a population of 43,280 residents within a three-mile radius earning an average annual household income of nearly $84,000.

 CONTACT:

 Kimberly Steele

 JLL Sr. Manager

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 

Stan Johnson Co. Hires Sam Crowe to head its newest regional office in Denver, CO

 

Sam Crowe 

 DENVER, CO -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, announced Sam Crowe has joined the firm as an Associate Director and will lead the company’s newest regional office in Denver, Colorado.

Crowe specializes in the acquisition and disposition of multi-tenant and single-tenant net lease investment assets throughout the mountain states region.

He previously worked with Avison Young as a Senior Associate in the Denver market for six years. Prior to Avison Young, he was a Junior Associate at Katz Properties Retail in New York City.

 Before joining the commercial real estate industry, Crowe spent nine years in modular construction in the development of multifamily and single-family homes.

Curtis Hodges

With the opening of the Denver office, Stan Johnson Company operates 15 regional offices in addition to the Tulsa, Oklahoma headquarters. This is the company’s sixth West Coast office.

                “We’re excited to be opening the Denver office with Sam Crowe,” said Curtis Hodges, Senior Vice President.

 “Sam is a great addition to our firm and aligns perfectly with the values of Stan Johnson Company. He is an advisor to his clients and has an excellent track record in the mountain states.

"We’re looking forward to Sam providing value to his clients with our platform and team behind him.”

CONTACT:

 

   David Ebeling

 Ebeling Communications

 (949) 278-7851

 david@ebelingcomm.com

 

Adam Dembowitz joins JLL’s Valuation Advisory group

         

Adam Dembowitz

CHICAGO, IL– JLL’s Valuation Advisory group has hired Adam Dembowitz as a Managing Director in its Denver office. Dembowitz will focus on driving growth and expanding the group’s West Coast platform in Colorado and California.

 

Dembowitz joins JLL with nearly 20 years of real estate experience spanning valuation advisory, consulting, sales and leasing, construction administration, development, and property management.

 

“Valuation advisory services have been in high demand and our group is continuing to grow as the market dictates,” said Tony Lenamon, Americas Head of Valuation Advisory.

Tony Lenamon

“The West Coast market is an important region for our team, and we’re excited to have a professional with Adam’s depth of understanding in the space and deep bench of client relationships to expand our offerings and services to our valued clients throughout the Western U.S.”

 

Dembowitz will report directly to Lenamon and continue to build out the group’s services across all property types in the Western region. He is a designated member of the Appraisal Institute and an active member of the Colorado chapter of the Appraisal Institute.

CONTACT:

  Kristen Murphy, JLL Director, Public Relations

Phone: +1 617 543 4873

Email:  Kristen.Murphy@am.jll.com