Image via Commercial Observer
Savills: Leadership Change
Savills promoted Allyson Bowen to Vice Chairman in New York office, recognizing her tenure and top producer status
Source: Commercial Observer
The leadership read
Leadership transitions often precede broader commercial real estate bench-strengthening over the next two quarters.
Market context: Backdrop: a 98.6 (Neutral) Talent Market Index (down 1.4 on the month) with Americas activity easing (-2.6pts).
Savills: 2 signals in the last 90 days — above the Commercial Real Estate median of 1 across 8 tracked companies; 0.1% of MitchelLake's Americas signal flow; 2 tracked across 7 days.
MitchelLake in this thematic
Also at Savills →
More signals across Commercial Real Estate
Capital Raising · Americas
EQT Real Estate →EQT Real Estate launched EQT Exeter Industrial Value Fund VII targeting $6 billion for U.S. industrial properties, following predecessor fund's $4.9B close in July 2023. Simultaneously acquiring six Class A logistics facilities in the U.K.
Strategic Hiring · Americas
Cushman & Wakefield →Cushman & Wakefield saw 17% leasing growth across all segments, led by Americas office and industrial, benefiting from AI boom supporting tech, financial services, and legal sector leasing
Strategic Hiring · Americas
eXp Commercial →Mario Alvarez Jr. joins eXp Commercial with $1B+ track record, reflecting broader trend of senior commercial real estate advisors seeking greater autonomy
Product Launch · Americas
Crexi →Crexi launched Market Analytics, an AI-powered platform for commercial real estate insights using proprietary transaction data
Leadership Change · EMEA
CBRE →Eve Bursic promoted to Pittsburgh Property Management Market Leader, overseeing 75 professionals and 13.4M sq ft of properties. Succeeds Joe Petak who retired after 44 years in commercial real estate.
“The sale process generated a significant level of both domestic and offshore engagement from a wide range of capital sources, including several institutional investors”
Restructuring · Asia
Central Retail →Central Retail divested its Rinascente department store business in Italy and Nguyen Kim appliance chain in Vietnam, focusing on core Southeast Asian operations. Company is shifting strategy to strengthen Go Wholesale membership chain against competitor Makro.
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