Movers & Shakers: Public Storage gets new CEO, longtime CBRE retail expert moves up

Also, Urban Commons hires a new president and CFO

Dec.December 28, 2018 03:00 PM
Salvatore Takoushian and Philip Voorhees

Glendale real estate investment trust Public Storage has promoted Joe Russell and Tom Boyle to CEO and CFO, respectively. They’ll start at their new positions in the new year, according to the Los Angeles Business Journal. Russell has been president at Public Storage since 2016, while Boyle has been CFO of operations since 2016. The company’s current chief executive, Ron Havner, will remain chairman of the board. He’s been CEO since 2002.

CBRE has promoted longtime retail agent Philip Voorhees to a Vice Chairman, the highest position at the firm for a producer. Voorhees is now head of the National Retail Partners West team, which was formed in 2007 from the merger with Todd Goodman’s team. Voorhees joined CBRE in 2001 and is based in the firm’s Newport Beach office. He was previously an executive vice president.

L.A.-based Urban Commons hired Salvatore Takoushian as President and CFO. The hire was only announced this month but made ahead of the investment and development firm’s $147 million acquisition of Wagner at the Battery hotel in New York. He was previously a managing director at Jefferies Financial Group. Takoushian will oversee strategy, company operations, financial partnerships, and acquisitions.

Related Articles

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

From left: Fran Flanagan, Rustin Mork, Danny Reaume and Troy Wooten

Movers & Shakers: Compass poaches another Coldwell Banker team, JLL beefs up industrial brokerage…and more