Real Estate Firms in Phoenix (JLL, Waterton, Colliers, Cortland, Toro Development Co.)
These prominent real estate companies in Phoenix, including JLL, Waterton, Colliers, Cortland, and Toro Development Co., have established a strong presence in the regional property market through strategic leadership appointments and development initiatives. JLL specializes in office leasing and agency services, with leadership like Sean Spellman bringing extensive experience in office brokerage. Waterton focuses on investment and development, with new managing partner John Gray stepping into a role after nearly two decades in the industry. Colliers emphasizes retail leasing and talent development, while Cortland and Toro Development Co. concentrate on marketing, branding, and multifaceted development projects. Together, these firms have a rich history of fostering growth, innovation, and strategic investments in the Phoenix real estate landscape, continually evolving to meet market demands and strengthen their industry influence.
News Summary
Recently, several key leadership appointments have been made at prominent real estate firms including JLL, Waterton, Colliers, Cortland, and Toro Development Co. These changes reflect a strategic effort to strengthen management teams and improve business operations. Notable appointments include Sean Spellman as JLL’s managing director for Phoenix, John Gray as Waterton’s managing partner, and the addition of new executives at Cortland and Toro Development Co. These moves underscore a commitment to growth and adaptability in the competitive real estate market.
Phoenix – JLL, Waterton, Colliers, Cortland, and Toro Development Co. have recently announced key leadership appointments across various regions, reflecting the companies’ efforts to strengthen their management teams and enhance business operations in the real estate sector.
JLL Appoints New Managing Director
JLL has appointed Sean Spellman as the managing director for its Phoenix office. Spellman brings with him 18 years of office leasing experience and will integrate into JLL’s regional agency leasing team. He has previously held senior vice president roles in office brokerage and has a robust background in marketing and leasing institutional-level properties throughout the Phoenix area. An Arizona native, Spellman most recently worked at CBRE and was previously with Cushman & Wakefield.
Waterton’s Leadership Transition
Real estate investment firm Waterton has named John Gray as its new managing partner and chief investment officer, succeeding Richard Hurd, who is set to retire after 12 years with the firm. Gray will formally begin his new role on October 6, 2023, with a transitional period leading up to Hurd’s retirement in early 2026. Gray has nearly 20 years of expertise in investment and development, most recently serving as CEO of Fabric Housing, a company within the Blackstone portfolio. His prior experience includes over a decade at Lennar, where he held several leadership positions, as well as starting his career at Grandbridge Real Estate Capital and Crescent Communities.
Colliers Welcomes New Associate
Colliers has announced the hiring of Sophia Ferguson as an associate in its Philadelphia regional retail services. Ferguson will focus on leasing clients in the Center City and Main Line neighborhoods. She is part of the inaugural cohort of the Colliers Acceleration Program, aimed at mentoring recent graduates and rising professionals in the industry. Before joining Colliers, Ferguson completed internships in valuations and risk advisory services at JLL and worked in brokerage at Coldwell Banker Commercial Atlantic.
Cortland Introduces CMO Position
Cortland has appointed Carol Hoeller as its chief marketing officer, a newly created role within the company. Hoeller’s previous experience includes a notable 12-year career at IHG Hotels & Resorts, where she led initiatives in investor marketing, global branding, and enhancing customer experiences. In her new role at Cortland, she will emphasize marketing, branding, and customer experience, particularly focusing on capital markets audiences targeting institutional investors.
Toro Development Co. Expands Development Team
Toro Development Co. has expanded its development team by hiring David Pugh and Justin Long as vice presidents of development. Pugh brings over 35 years of experience in multifamily and mixed-use development, having held senior roles at several firms, including North American Properties. Long comes with more than 20 years of experience in commercial construction and development, with previous roles at Crescent Communities and Seefried Industrial Properties. Both Pugh and Long are expected to manage site planning, design, construction, and other related development operations at Toro Development Co.
Industry Focus and Implications
These leadership changes across prominent real estate firms underline a strategic focus on strengthening operations and positioning within the competitive real estate market. With new appointments, JLL, Waterton, Colliers, Cortland, and Toro Development Co. are not only enhancing their teams but also signaling their commitment to growth and innovation in real estate development and investment.
As these executives step into their roles, their combined experience is likely to drive business performance and offer effective solutions to meet the evolving demands of clients and stakeholders within the real estate sector.
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Additional Resources
- CoStar: JLL, Waterton, Colliers Leadership Updates
- Wikipedia: Real Estate
- AZ Big Media: Real Estate Leadership Changes
- Google Search: Real Estate Industry News
- CoStar: Industry Leadership Changes
- Encyclopedia Britannica: Real Estate
- CoStar: Business Moves in Real Estate
- Google News: Real Estate Leadership Changes
