Sierra launches construction division, hires former Swig executive as head

From the April issue: Manhattan-based Sierra Real Estate has launched a construction division headed by a Swig Equities alum, the firm said last month. The newly formed entity, called Sierra Development Associates, will handle major capital improvements and tenant build-outs at residential and commercial properties, according to Director of Construction Darren Schumer, head of the new division.

Schumer was director of construction at Swig Equities until the firm’s financially strapped founder, Kent Swig, wound down operations a few years ago. Previous to that, Schumer worked at Jones Lang LaSalle, where he coordinated tenant build-outs for Bank of America.