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

Broker will be responsible for expanding the division

TRD LOS ANGELES /
Feb.February 08, 2016 10:00 AM

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


Related Articles

arrow_forward_ios

Movers & Shakers: JLL hires tenant rep specialist, CBRE brings in new valuation leader

Red-hot industrial market plateaued toward end of 2018: report

Movers & Shakers: Colliers team heads to NAI Capital, Downtown legal vet joins new firm, and more

City Market seeks partner for $1B project in Fashion District

Movers & Shakers: CBRE recruits Derrick Moore, Michael Weiner returns to Colliers… and more

CBRE wins bid to manage Bloc site: sources

Fuller Theological Seminary’s 13-acre campus in Pasadena hits the market

Trio of Stanley Hirsh properties in DTLA hitting the market

arrow_forward_ios