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

Also, Urban Commons hires a new president and CFO

Los Angeles /
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

arrow_forward_ios
Duke Realty's James Connor and 14724 Proctor Avenue in City of Industry (Google Maps, Duke Realty)
Duke Realty gets another 230K sf in City of Industry
Duke Realty gets another 230K sf in City of Industry
Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
Senior community nixes industrial development for more residential
Senior community nixes industrial development for more residential
FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
FivePoint slashes workforce 29%, posts $37M loss
FivePoint slashes workforce 29%, posts $37M loss
Cedars-Sinai's Thomas Priselac and 3400 Lomita Boulevard (Cedars-Sinai, LoopNet)
Cedars-Sinai pays $70M for Torrance medical offices
Cedars-Sinai pays $70M for Torrance medical offices
IGP Business Group's Matt Ilbak and Moreno Valley Mall (IPG Business Group, Moreno Valley Mall)
Indoor mall in Moreno Valley up for mixed-use makeover
Indoor mall in Moreno Valley up for mixed-use makeover
Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci, Melrose
Gucci plans flagship at Melrose & Melrose
Gucci plans flagship at Melrose & Melrose
Argent Retail's Terence Bortnick (LinkedIn, iStock)
OC commercial brokerage Argent Retail Advisors files for bankruptcy
OC commercial brokerage Argent Retail Advisors files for bankruptcy
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...