CBRE’s Peter Sherman to head multifamily unit at Avison Young

Peter Sherman, a senior vice president at CBRE, has jumped to Avison Young, where he will lead the firm’s Southern California multifamily institutional investment sales practice, Avison announced Monday.

In his new role, Sherman will be responsible for expanding the firm’s reach in the region’s multi-family sector. The company — the largest privately held brokerage in Canada — has been making an aggressive push into the Los Angeles market since it opened its first office there in August 2011.

CBREs Sam Chow and Roger Dela Rosa will also join Avison, as a vice president in the West Los Angeles office and as a marketing director, respectively.

“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,” said Christopher Cooper, an Avison Young principal and the managing director of the company’s Southern California region. “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.”

Sherman’s notable transactions include the $99 million sale of the Lexington, a site in Hollywood entitled for 695 units, in which Sherman represented the buyer AvalonBay Communities. He’d been at CBRE for three years.

A spokesperson for CBRE declined to comment on his departure. – Katherine Clarke