The executive who guided Tishman Speyer on developments ranging from the Mission Rock project with the San Francisco Giants to a Rincon Hill condominium that marked the emergence from the Great Recession will transition to an advisory role.
Carl Shannon makes the move after more than a quarter century as a senior managing director with oversight of the entire Pacific Northwest for the New York-based developer, the San Francisco Business Times reported. Shannon’s biography on the developer’s website recently noted his new, part-time role as a senior advisor.
Tishman has named Maggie Kadin to take charge of its Northern California portfolio. Kadin is a veteran managing director, with eight years in its San Francisco office, and has overseen the Mission Rock redevelopment. She made the Business Times’ list of 100 Most Influential Women in the Bay Area in 2022.
Shannon has been integral in numerous major developments in the city since joining Tishman in 1998. He has led the development of about 2 million square feet of commercial space in San Francisco, along with thousands of residential units. His resume also includes a key role on the 475,000-square-foot office tower at 222 2nd Street that was leased by LinkedIn.
Tishman CEO Rob Speyer told the Business Times that Shannon had an “unmatched impact on San Francisco’s skyline.” Shannon has regularly placed on the Business Times Power 100 list in recent years.
He has served on the faculty of the University of California-Berkeley since 2021, where he teaches courses in real estate finance. He also serves as chair of the board of trustees as the Urban School of San Francisco and is on the board of SPUR, a San Francisco-based urban planning think tank.
Kadin won’t lack for acts to follow Shannon.
Tishman has a number of projects on the drawing board in San Francisco, including Brennan Square office development; an office development in the SoMa district that’s entitled for 1.2 million square feet; and subsequent phases of Mission Rock, among others.