Partners Real Estate lands industry veteran to oversee Central Texas

Partners Real Estate, formerly known as NAI Partners, has hired commercial real estate industry veteran Steve Druth as managing director of its Austin and San Antonio offices.

In his new role, Druth will lead the day-to-day operations of the company’s Central Texas offices, and focus on growing revenue, supporting the sales team, recruiting, providing office leadership and coordinating efforts with other offices and teams. Druth will report directly to Scott Lunine.

Prior to joining Partners, Druth accumulated 35 years of experience in commercial real estate brokerage, management and sales training. A previous agent at Marcus & Millichap in both Manhattan and Miami, Druth was also president and CEO of Druth Commercial Real Estate, focusing on investment sales and leasing. In that role, he became known for his leasing/marketing expertise and the high occupancy levels in his properties.

Most recently, Mr. Druth worked at Franklin Street, where he is based out of the firm’s Tampa headquarters. In addition to his role as a broker specializing in commercial investment sales, he was an accomplished commercial real estate coach, overseeing the development of 50 high-performing agents. In this role, he focused on helping the full-service commercial real estate firm grow throughout top metropolitan markets with the best professionals performing across all lines of business.

Jason Johnson appointed CEO of MetroNational

MetroNational, the Houston-based privately-held real estate investment, development, and management company, has announced that, effective April 1, 2023, Jason Johnson has been promoted to CEO.

MetroNational, founded by Jason’s grandfather in 1954, owns and manages more than 10 million square feet of commercial real estate properties primarily located in Greater Houston. MetroNational’s largest development is the 300-acre mixed-used development Memorial City located in West Houston.

Jason joined the family business in 2013 and has served as the company’s president and vice chairman since 2015. In addition to serving as CEO he will remain in his role as president. He assumes the role of CEO from his father Roy Johnson who will now serve as executive chairman.

Dallas-based Mohr Capital welcomes new chief strategy officer

Mohr Capital, a Dallas-based national real estate investment firm, recently welcomed Roger Snell to its team as chief strategy officer (CSO). He is responsible for developing new investment verticals and leading capital market relationships and joint ventures.

Prior to joining Mohr Capital, Roger served as a board member of Veritas Investments, Inc., one of the largest investors and operators of apartments in San Francisco and the Bay Area, as well as their chief investment officer (CIO). As CIO of Veritas, Snell was responsible for leading acquisitions and dispositions along with directing equity and debt capital formation and strategy.

Snell is also a board member of the CIM Real Estate Finance Trust (CMFT), a $7.4 billion public real estate investment trust (REIT) investing in senior secured loans and credit leases, of which he is a member of the Investment Risk Management and Valuation, Compensation and Affiliate Transaction Committee.

Before his time at Veritas Investments, Snell successfully led $21 billion of transactions, including acquisitions, sales, joint venture mergers and financings.

Malena Meazell, CCIM, Joins StackSource as a Capital Advisor

Press Release – Malena Meazell

New York, N.Y., March 23, 2023 — StackSource, one of the fastest growing commercial real estate companies in the U.S., announced today that Malena Meazell, a seasoned commercial real estate lender, has joined as a Capital Advisor.

Ms. Meazell will serve clients in securing debt, equity, and C-PACE financing for their commercial real estate investments. She holds over 20 years of experience in the lending industry providing financing for office, retail, industrial, and multifamily properties with national lenders including EverBank, A10 Capital, Stronghill Capital, and BankFinancial. A commitment to integrity and building trust-based relationships with her clients has enabled her to successfully execute over 200 multimillion-dollar transactions during her career. And her dedication to excellence led her to attain the prestigious CCIM designation.

StackSource launched in 2017 and began by primarily serving smaller real estate investors who were underserved by traditional commercial mortgage brokers when seeking commercial mortgages. Since then, the company has grown aggressively, expanding its capital advisory team and increasing its penetration among more sophisticated real estate investors and developers.

The StackSource team now boasts 19 Capital Advisors nationwide. Paired with its network of over 1,000 capital sources, StackSource’s Capital Advisors help real estate investors throughout the U.S. gain efficient access to the capital markets by helping them secure their ideal capital stack, resulting in a lower cost of capital for their investments in less time and more transparency than a traditional commercial mortgage brokerage.

Real estate investors interested in working with StackSource can visit StackSource.com and click “Get financing” to see their matched capital sources within minutes.

StreetLights Residential Announces New CFO and Two Senior Leadership Promotions

DALLAS  – StreetLights Residential, a design-driven developer of multifamily and mixed-use communities, is pleased to announce three executive-level promotions. Andrew Kastanos has been promoted to Chief Financial Officer, and Case Killgore and C.J. Cacheris have joined StreetLights’ senior management team as President of Development and President of Design-Build, respectively.
“We are proud of the proven success these three leaders have achieved. They have built lasting industry relationships and have helped us hone our mission of building a company structured around design instead of capital,” said Rob de Bruin, president of StreetLights Residential. “They have also continued to lead by example and have helped to strengthen the skillsets of their colleagues and team members. I look forward to their continued leadership in their new responsibilities.”
Kastanos, who was promoted to Senior Vice President of Finance in 2022, and Chief Financial Officer at the end of 2022, is responsible for all debt and equity capital markets, as well as capital relationship management. Kastanos was one of the first employees at StreetLights after its founding in 2011, starting as a Senior Financial Analyst, and was the first member of the senior management team to be brought up from inside the organization. During his time at StreetLights, he has been involved in 44 project starts and $3.4 billion capitalized to date.
Killgore has been promoted from Senior Vice President of Development to President of Development, joining the senior management team. Killgore is responsible for overseeing the company’s development efforts across the country, including feasibility and site selection. Prior to this, he oversaw all regional development efforts after establishing the portfolio management platform. He has been with StreetLights since 2019. 
Cacheris joins the senior management team as President of Design-Build after functioning as Senior Vice President of Design-Build. Cacheris oversees the vertically integrated organizational structure of the core architectural, interior design and construction business units. During his time at StreetLights, C.J. has acted as Senior Vice President of Design-Build, Vice President of LEAN and LEAN Director. Bringing his expertise in organizational change management, business architecture and knowledge of startup technology process frameworks to StreetLights, he has transformed the way the company thinks about flow of work and how things get done.
StreetLights was founded in 2011 with a focus on complicated mixed-use and high-rise multifamily properties with a design-first approach. StreetLights takes pride in crafting the details which create the place that someone will call home with its in-house architecture and interior design teams as well as general contracting team. The company’s first project, The Taylor, was one of the first luxury high-rise buildings in Uptown Dallas. More than a decade later, StreetLights is still designing and developing iconic projects including The McKenzie, a luxury high-rise that was the first multifamily community in Texas to be Fitwel certified; The Hamilton, part of The Epic development in Deep Ellum, with design details inspired by the neighborhood’s musical history; The Hadley, a high rise in Midtown Atlanta inspired by the historic St. Mark United Methodist Church; and The Ryan, a LEED-certified high rise that is part of the mixed-use Block 23 development in Phoenix.  
“2022 truly was a defining moment, providing a lot of anticipated excitement for 2023,” said de Bruin. “Our team has worked tirelessly as ‘master craftsmen,’ demonstrating a true commitment to crafting beautiful places that lift the human spirit, despite ongoing market changes. We look forward to executing our 2023 strategy and goals.”
Since its founding, StreetLights has received over 40 prestigious industry and business awards including the National Association of Home Builders (NAHB) award for Development 5 stories and Over – for Rent in 2017 for The Kenzie (Austin). StreetLights has won several other NAHB awards, including Best Interior Merchandising of a Leasing or Sales Center for The Catherine (Austin) in 2017, Best Interior Merchandising of a Common Area for The McKenzie (Dallas) in 2019, Best Interior Merchandising of a Common Area for The Angela (Phoenix) in 2020, and Best Interior Merchandising of a Model Unit in 2021 and Best Interior Merchandising of a Common Area for The Hamilton at The Epic (Dallas) in 2022. In addition to Dallas, StreetLights currently has offices in Austin, Atlanta, Orlando, Phoenix and San Diego, with additional projects underway in Houston and Nashville.

Hanley Investment Group Expands its Texas Presence with the Addition of Texas Retail Investment Specialist Garrett Wood

CORONA DEL MAR, Calif. – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Garrett Wood, president of Priority CRE and retail investment sales specialist, has joined Hanley Investment Group. The hiring of Wood expands Hanley Investment Group’s presence in Texas, supporting its clients with comprehensive market knowledge and more “boots-on-the-ground” service.

Since 2015, Wood has represented private and corporate investors in the sale of shopping centers and single-tenant net-leased properties throughout Texas. As a seventh-generation Texan, Wood’s in-depth knowledge of the Texas market and his vast network of investors inside and outside the state have been extremely valuable for his clients’ decision-making. 

“Hanley Investment Group is one of the nation’s leading retail investment brokerage and advisory firms and has a strong track record in Texas,” said Wood. “I have no doubt that coupling our strengths, Hanley Investment Group’s extensive California-based investor relationships, and my deep understanding of the Texas market will be a huge advantage for our clients transacting in Texas.”

“We are excited to welcome Priority CRE and Garrett Wood as vice president to the Hanley Investment Group team,” said Ed Hanley, president of Hanley Investment Group. “Hanley Investment Group has been very active in Texas, and in the last 18 months, the company has completed the sale of 51 retail properties valued at $275 million.”

Hanley continues, “Garrett will be influential in assisting Hanley Investment Group’s growth in the Lone Star State. Garrett focuses on the sale of multi-tenant retail investments and has a strong background in market research, especially around the larger metro areas. He is also skilled at uncovering hard-to-find opportunities.”

Wood’s expertise in selling multi-tenant and single-tenant net-leased properties has helped him achieve top-producing broker status with prior firms and gave him the experience to launch his own firm in 2021, Priority CRE. Before starting Priority CRE, Wood served as vice president of investment sales with Foresite Commercial Real Estate. He has also worked with Coldwell Banker Commercial and EDGE Realty Capital Markets. 

Wood grew up on his family ranch near San Angelo, Texas and graduated from Texas Tech University, Rawls College of Business in Lubbock. He is also a licensed pilot and piloted a King Air 200 aircraft for Texas Tech University’s administrators and coaches during his years at the university. He is active in the Central Texas CCIM chapter and a candidate for the CCIM designation this year. 

“Our first priority is always adding value to our clients,” said Hanley. “Our expertise, proven track record, and unwavering dedication to putting our clients’ needs first continue to set us apart in the industry.” 

Hanley adds, “Furthermore, having recently hired Vice Presidents Sean Cox and Alex Moore in January 2023, the addition of Garrett Wood supports the company’s vision and dedication to our clients to provide unparallel service across the nation.”

Hanley Investment Group has nearly $50 million in single-tenant and multi-tenant listings in Texas currently on the market and in the pipeline. Wood will be based in the Austin metropolitan area in the state of Texas.