Movers & Shakers: Merger forms Waterford Property Co., Newmark hires industrial expert…and more

Suffolk, Universe Holdings also named new COOs

TRD LOS ANGELES /
Mar.March 20, 2019 01:00 PM
From left: Sean Rawson, Paul Klink, and John Drachman

Two entrepreneurs in Orange County joined forces to create a new real estate investment and development firm. John Drachman, founder of Stillwater Investment Group, and Sean Rawson, founder of the Waterford Group, have created the Waterford Property Co. Yashaar Amin is a partner and chief operating officer. Collectively, the two founders have completed $400 million in acquisitions since 2015 — the bulk of which are in Los Angeles County, according to a release about the new venture. They plan on investing in the 20- to 150-unit residential projects, as well as value-add office projects. The firm has also already received entitlements for a 650-unit multifamily project in Pomona, the largest multifamily entitlement of its kind in the county last year, the founders said in an e-mail.

Paul Klink was recruited to lead the industrial division at Newmark Knight Frank. As executive vice president, Klink will guide the expansion of the firm’s industrial capabilities and recruit new industrial and capital markets experts to the team. Klink is joining from Cushman & Wakefield, where he served as executive managing director of investor services. He will be based in the firm’s Orange County office.

Christy Haubegger, an executive at Creative Artists Agency, has been appointed to Hudson Pacific Properties’ board of directors. She will replace Michael Nash of Blackstone. Haubegger leads multicultural business development at CAA. Previously, she founded Latina magazine in 1996, and worked as a producer on “Spanglish.” She is one of two women on HPP’s board.

Suffolk, a leading national building contractor, hired Mark Turner as its new chief operating officer. Formerly with Webcor Builders, Turner has worked on megaprojects including the Century condos in Century City, as well as the L.A. Live Marriott/Ritz-Carlton in Downtown Los Angeles. In his new role, he will be responsible for leading the construction operations of Suffolk’s projects in L.A. and Southern California.

Universe Holdings also tapped a new chief operating officer recently. Jonathan Cohen joined the Century City-based investment firm to oversee its national expansion. His new role involves identifying value-add residential property investments of 150 units or more, starting in the West Coast. Before Universe, Cohen worked as a managing member at a consultancy for 25 years, where he advised family offices and real estate firms in the multifamily sector.


Related Articles

arrow_forward_ios
Bob Iger, Reed Hastings and (clockwise from top left) Sunset Las Palmas, Sunset Bronson and Sunset Gower Studios (Getty, Google Maps)

TRD Insights: Here’s what Netflix, Disney and CBS pay at HPP-Blackstone Hollywood studios

TRD Insights: Here’s what Netflix, Disney and CBS pay at HPP-Blackstone Hollywood studios
Photo illustration of Hudson Pacific Properties CEO Victor Coleman and Blackstone Group President Jonathan Gray (Coleman by Rich Polk/Getty; Gray by Drew Angerer/Getty; Top Gun by Paramount Pictures/Sunset Boulevard/Corbis/Getty)

Inside Hudson Pacific and Blackstone’s field of streams

Inside Hudson Pacific and Blackstone’s field of streams
Hudson Pacific Properties CEO Victor Coleman (Illustration of Victor Coleman by The Real Deal; iStock; Coleman via Hudson Pacific)

Hudson Pacific is effusive about Blackstone deal, defensive about office space

Hudson Pacific is effusive about Blackstone deal, defensive about office space
An illustration of Jon Gray and Victor Coleman

Blackstone nears $1.4B deal with HPP to build out production studios

Blackstone nears $1.4B deal with HPP to build out production studios
Hudson Pacific Properties and American Homes for Rent cancel plans to attend Citi 2020 Global Property meet up (Credit: iStock)

Coronavirus fears hit California CRE: Bigwigs ditch Florida property conference

Coronavirus fears hit California CRE: Bigwigs ditch Florida property conference
Hudson Pacific Properties CEO Victor Coleman and the Westside Pavilion (Credit: Google Maps)

Hudson Pacific wants full control of Google-leased One Westside; not sweating WeWork

Hudson Pacific wants full control of Google-leased One Westside; not sweating WeWork
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

Movers & Shakers: Compass poaches another Coldwell Banker team, JLL beefs up industrial brokerage…and more
From left: Arden Hearing, Spencer B. Kallick, Mark Nicoletti, Adam Candler and David W. Kidder

Movers & Shakers: Lendlease hires new West Coast development exec, Allen Matkins adds two partners & more

Movers & Shakers: Lendlease hires new West Coast development exec, Allen Matkins adds two partners & more
arrow_forward_ios

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

Loading...