Cushman & Wakefield Moves to Midwest, Mesirow Expands Acquisitions Team, Denholtz Hires Director


Global commercial real estate services firm Cushman & Wakefield is expanding its Valuation and Advisory practice group, which provides real estate valuations to clients seeking debt and equity, transaction, portfolio, planning, litigation, transfer and rental.

Kari Olbrecht was promoted to Market Leader with the Midwest Market Valuation and Consulting Company. She is based at the company’s office in Chicago. In his new role, Olbrecht will focus on strategic support and development in the region.

Olbrecht started at Cushman & Wakefield in 2001 and joined its Valuation and Advisory group in 2006. She most recently served as Director of Valuation for the Midwest, where she gained experience in appraisal of institutional and corporate real estate, including downtown and suburban offices, local medical offices, warehouse and distribution buildings, vacant lots, sports stadiums, student residences, shopping centers and multi-family complexes .

With the promotion of Olbrecht, Cushman & Wakefield has hired Scott Falkum to serve as Midwest Assessment Director.

Falkum brings over 21 years of commercial real estate appraisal and consulting experience, managing appraisals for financial institutions, developers, property owners, local governments and state agencies.

Situated at the company’s office in MinneapolisFalkum will continue to focus on office and multi-family property valuations in addition to industrial, net leased investments, retail and restaurant properties and other special purpose properties.


will radiate

Independent financial services firm Mesirow has hired will radiate as Managing Director of Acquisitions with his institutional real estate direct investment team.

In his new role, Beam will focus on all aspects of the property acquisition process on behalf of institutional investors in major U.S. multifamily markets, according to the company.

Beam brings over 20 years of real estate experience, having overseen over $4.5 billion in investments throughout his career. He joins Mesirow from Magnolia Capital, where he most recently served as Managing Director and Director of Investments and Business Development.

Prior to that, Beam was promoted to partner at Heitman after working in multi-family acquisitions for 13 years. In addition to leading acquisition efforts, he has also worked in financing and divestitures, as well as raising capital for new investment products.

Beam is active with the National Multi-Housing Council and recently completed four years of service on its Emerging Leaders Committee. He was a member of the board of directors of Chicago Real Estate Private Equity and holds a bachelor’s degree in business administration with a concentration in finance from the University of North Carolina, Chapel Hill.


Kayte Peters

Denholtz Properties, a commercial real estate investment and development company based in Red Bank, New Jersey, has hired Kayte Peters as multi-family regional manager.

In his new role, Peters will strengthen the company’s internal property management capabilities as Denholtz continues to grow its multifamily portfolio nationwide, in addition to establishing a residential property management program on the East Coast.

Peters brings over 17 years of community management experience, most recently as a regional property manager for Morgan Properties, where she expanded her multifamily portfolio spanning 20 states.

“Careful and proactive property management will be critical to our success in aggressively expanding our multi-family portfolio in the months ahead,” said COO Denholtz. Greg Brown said in a corporate statement announcing the rental. “We are confident that Kayte’s extensive experience building and managing large multi-family property management programs will be a tremendous asset to our team.”


Sarah Godvin

Foundry Commercial, a full-service real estate and investment services firm with offices throughout the Sun Belt, has hired Sarah Godvin as senior vice president of land services in Raleigh, North Carolina.

In his new role, Godwin will work with Karl Hudson IVwho leads Foundry’s Land Services team, to expand its services and capital markets functions in the region.

Godwin brings 15 years of experience advising and selling institutional land investments, having overseen the sale, valuation and analysis of over $5 billion in institutional investment transactions in the Carolinas.

Godwin and Hudson previously worked together at Cushman & Wakefield | Thalhimer in 2013, before Godwin joined HFF. There, she advised clients on investments, development and redevelopment, site selection and rights, with a focus on multi-family, life science, mixed-use and residential land for a list of clients including Bank of America, Wells Fargo, LStar Ventures and Newland Communities. .


Eric Baum

Eric T. Baum joined Greystone Monticello as Manager of the Multifamily Bridge Sales Office in Philadelphia.

In his new role, Baum will work with company originators on sizing, quoting and issuing bridge loan applications for the company, a joint venture formed in 2021 to provide a range of bridge financing options in the multi-family housing and senior housing sectors.

Baum brings over 25 years of experience in commercial real estate lending, credit management and analysis, having originated, structured, underwritten or closed over $23.2 billion in commercial real estate debt products. in the United States for all major property types. He most recently served as Managing Director at Lument, where he originated new bridge loans for near-stabilized and transitional multi-family properties. Prior to that, Baum held senior positions at Exantas Real Estate Funding, CW Financial Services, Ventras Holdings and Capmark Financial Group/GMAC Commercial Mortgage.


Katie Schiavi

Avison Young has hired Katie Schiavi as director in charge of business development for his studio, project management and construction team in New York.

In his new role, Schiavi will support the growth and expansion of the project management business line in the tri-state markets of New York, New Jersey and Connecticut, while leading management, pipeline and lead generation in the region.

Schiavi brings over 14 years of experience, most recently as Regional Director of Business Development at OTJ Architects, where she partnered with clients, architects and designers to guide projects from conception to delivery.


David Bitner

Newmark hired David Bitner to lead its global research department as executive managing director in San Francisco.

In his new role, Bitner will oversee the strategic vision and execution of the brokerage’s research initiatives with a focus on capital markets. He reports to the Administrative Director of Newmark Roger Ancher and will work closely with Jonathan Mazurexecutive director of research.

Bitner is a 10-year industry veteran with over 12 years of experience in the financial industry. He most recently served as Vice President and Global Head of Capital Markets Research at Cushman & Wakefield.


Alex Ingle

Alex Ingle joined private real estate investment firm Westmount Realty Capital as senior legal counsel in Dallas.

In his new role, Ingle will focus on transaction coordination, overseeing all legal transactions related to sales and financing agreements for the business.

Ingle brings over eight years of experience negotiating contracts and related agreements for a wide range of real estate and corporate transactions, including the acquisition and disposition of commercial, multi-family, industrial and office properties, in addition to joint venture partnerships, commercial leases and land acquisitions for investors and developers. Ingle previously held real estate advisory positions at Wick Phillips, DR Horton and Haynes & Boone, and holds a JD from Wake Forest University School of Law.


Marley Welsh

Marley Welsh, vice president at Lee & Associates | Maryland, earned its Society of Industrial and Office Realtors, or SIOR, designation, joining the Maryland, District of Columbia and Northern Virginia Chapter.

Welsh has worked with Lee & Associates since 2013 and has over 10 years of commercial real estate experience. She was promoted to Vice President in January 2021 and works with local and national tenants, landlords, investors and institutional landlords throughout the Baltimore-Washington metro area. Last year, his team executed nearly 110 commercial real estate transactions.

The SIOR designation represents a professional achievement for qualified commercial real estate professionals with a solid and sustained transactional history. Members work in leasing and sales management, executive management and consulting services in the industrial and office real estate sectors.

Of the nearly 3,700 SIOR members worldwide, only 215, or less than 6% of existing members, are women, according to a statement from Lee & Associates, which notes that in the local MD/DC/VA chapter, only three of its 60 members are women.


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CoStar’s People of Note is a national column published each Friday covering the latest staffing moves in the commercial real estate industry. Send new executive hires and promotion announcements to [email protected]

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