Highly regarded industry leader becomes Principal, will lead firm's Southern California multi-family institutional investment sales practice; two others join
LOS ANGELES, Feb. 8, 2016 /CNW/ - Christopher Cooper, Avison Young Principal and Managing Director of the company's Southern California region, announced today that highly regarded multi-family institutional investment sales specialist Peter Sherman has joined the firm in West Los Angeles.
Effective immediately, Sherman becomes a Principal of Avison Young and will lead the firm's Southern California multi-family institutional investment sales practice. He will focus on expanding the practice in Los Angeles and throughout Southern California, and collaborate with other multi-family investment sales specialists across the company.
Also joining Avison Young along with Sherman are Sam Chow as a Vice-President in the West Los Angeles office and Roger Dela Rosa as a Marketing Director, focusing on the multi-family institutional investment practice. All three were most recently with CBRE in Los Angeles and will continue to work as a team.
"Peter is a highly regarded real estate industry leader who has gained national recognition for his proven expertise in institutional multi-family capital markets services," comments Cooper. "We couldn't be more pleased to have Peter and his team come on board to lead this integral service delivery platform in Southern California. The addition of Peter and his team to Avison Young is a huge step in our ability to provide high-level, value-added capital markets and multi-family services to our clients."
Sherman brings 11 years of commercial real estate industry experience as a principal, broker and asset manager to Avison Young. During his career, he has successfully marketed and sold, financed and equitized multi-family and mixed-use assets valued at more than $5 billion. He was most recently a Senior Vice-President with CBRE in Los Angeles, where he was responsible for multi-family institutional investment sales.
Sherman's notable recent transactions include: the $99-million sale of The Lexington, a Hollywood land site entitled for 695 units, in which Sherman represented the buyer AvalonBay Communities; the $69.7-million sale of The Vineyards at Paseo Del Sol, a class A, 288-unit pre-stabilized apartment property in Temecula, to The Praedium Group, in which Sherman represented the seller The Dinerstein Companies; and the $45.1-million sale of Pico Lanai, a 174-unit value-add apartment property in Santa Monica, to Raintree Partners, in which Sherman represented the seller Carmel Partners.
Prior to joining CBRE, Sherman was a founding partner of Los Angeles-based Multi-Housing Capital Advisors (MHCA) where he represented CIM Group and led the successful $213-million equity placement and acquisition of a 1,220-unit portfolio of Gables Residential properties in Texas. Before co-founding MHCA, Sherman was a Senior Vice-President with Transwestern in Los Angeles.
In addition to working in the commercial real estate industry, Sherman spent 11 years as a senior executive in the technology, media and entertainment sectors with Tonos Entertainment, Supertracks, NBC Strategic Ventures and PriceWaterhouse. With these firms, he drove revenue growth while developing successful strategies, negotiating partnerships and supervising product development and marketing efforts.
Sherman holds a Master of Business Administration degree from the Wharton School of Business, a Master's degree in international affairs from John Hopkins University, and a Bachelor of Arts in political science from the University of Virginia.
"We are thrilled to have Peter and his team join Avison Young," states Jonathan Larsen, Managing Director of the firm's West Los Angeles office. "Peter's expertise will be a tremendous complement to our rapidly growing capital markets practice and will certainly provide the foundation necessary to establish and expand our multi-family sales delivery platform."
Sherman says Avison Young's client-centric practice and entrepreneurial structure were the determining factors in his decision to join the company.
"I am very excited to join the Avison Young family," says Sherman. "The firm's culture places a high emphasis on honesty and integrity while fostering a Principal-led, collaborative partnership that is unique in the real estate industry. Avison Young's encouragement for an entrepreneurial approach to client service and solutions is unique in our industry – it's what sets Avison Young apart from the rest of the service providers."
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,100 real estate professionals in 75 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
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For further information/comment/photos:
- Sherry Quan, Principal, Global Director of Communications & Media Relations,
- Avison Young: 604.647.5098; cell: 604.726.0959
- Christopher Cooper, Principal and Managing Director, Southern California,
- Avison Young: 213.935.7435
- Jonathan Larsen, Principal and Managing Director, West Los Angeles,
- Avison Young: 213.471.1069
- Peter Sherman, Principal, Avison Young: 424.257.6475
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
- Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610
Avison Young was a winner of Canada's Best Managed Companies program in 2011, 2012 and 2013 and has demonstrated its commitment to the program and successfully reapplied for the designation as a Gold Standard winner in 2014.
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SOURCE Avison Young Commercial Real Estate (BC)