Movers: Promotions bolster CBRE’s industrial and life science offices in Bay Area

CBRE has taken the strategy of internal promotions to bolster its industrial and life science teams. Austin Hinder, who joined the brokerage seven and a half years ago, was recently promoted to first vice president. He will provide expertise and advice on industrial and flex properties. Prior to joining CBRE, Hinder was a Division I quarterback at UC Berkeley for five years.

“Austin’s diligence and work ethic has made a huge impact for clients and the communities we serve. He has been instrumental in helping clients grow in the Bay Area, particularly across industrial and flex properties,” CBRE Managing Director Trevor Thorpe said.

➤Vice Chairman Rick Friday spent nearly 21 years as an executive vice president with CBRE before assuming his new job title. Friday specializes in life science properties.

“As one of the founding members of CBRE’s life science team in the San Francisco Bay Area, Rick has been critical in the growth of the sector in the region,” Reed Payne, senior managing director, said. “His ability to anticipate the specialized needs of life science and biotech companies of all sizes has positioned him as a trusted advisor with occupiers and developers.”

Friday was recognized as a CBRE Americas Top 10% Producer for four consecutive years from 2017-2021.

➤After spending more than 34 years as executive vice president, Chip Sutherland was promoted to vice chairman at CBRE. He has completed more than $3 billion in sales, leases and land sales. During his career he has focused on both agency and tenant representation companies for local property owners, institutions and technology companies, particularly in Silicon Valley.

➤Newmark’s North America branch has a new president of leasing with the promotion of Elizabeth Hart. She spent more than 17 years with the company before taking her current job. Hart has completed transactions totaling close to 35 million square feet and more than $4.2 billion in value.

In her new role, she will be responsible for driving the overarching strategy of the leasing business.

➤Savills has hired Kirsten Raymond as associate director of its San Francisco office. Raymond has more than 20 years of construction management and real estate development experience, and specializes in the planning and execution of large-scale projects, with particular emphasis on core and shell, tenant improvement, renovation and modernization.

Vice Chairman Michael Glatt said her “expertise in design and construction, as well as her strong relationships and reputation within the San Francisco Bay Area, will be an immediate asset to Savills and our clients.”

Raymond previously held a managerial role at Presidio Bay Ventures where she oversaw the delivery of construction projects, including Springline, a mixed-use resort-style development consisting of Class A offices, 183 apartments and high-end restaurants.

➤Raise, a commercial real estate technology and brokerage firm, expanded its Bay Area presence with the hiring of Joey Alftin as vice president of brokerage and E Lai Sterns as principal product designer.

Alftin will join the Silicon Valley office and brings more than a decade of experience. He specializes in office, R&D, flex product and manufacturing space and has experience with hardware technology and bio/chem landlord and tenant representation.

Sterns joins the San Francisco headquarters and will be responsible for establishing and reinforcing a design framework that accelerates the delivery of high-quality products to its clients. Prior to joining Raise, Sterns founded his own design company.

Raise combines tenant representation with workplace design and project management. It has developed a “cloud-based, end-to-end real estate management platform,” according to its website.