Nick Rowntree hired at One Development Solutions

One Development Solutions, a CRE Development and Project Management services company, is pleased to welcome Nick to the firm. Nick has over 25 years of domestic and international experience in planning and managing large-scale commercial projects. He graduated from UT Austin, is a licensed professional engineer, and has worked for both private and public developers successfully delivering mixed-use, hospitality, high-rise, luxury multi-family, adaptive re-use, interiors, and industrial projects.

Rob Singer hired at Pape-Dawson Engineers, LLC

Pape-Dawson Engineers proudly announces our newest Vice President of Commercial Land Development, Rob Singer. Mr. Singer joins Pape-Dawson with 32 years of civil engineering experience in industrial, commercial, and residential land development, water and wastewater, dam safety, utility infrastructure, roadway, renewable energy, oil and gas, and more. Mr. Singer has joined our Dallas team and leads Commercial Land Development operations in the Metroplex.

CapRock Partners adds Taylor Starnes as VP of Acquisitions for Central U.S. Region

DALLAS (Oct. 18, 2023) – CapRock Partners, a leading Western and Central U.S. industrial real estate investor, developer and asset manager, welcomes Taylor Starnes as Vice President of Acquisitions for the Central Region. He will lead CapRock’s acquisition efforts in Texas with a focus on existing value-add industrial asset acquisitions and ground-up industrial development opportunities. 

“As we begin our strategic portfolio expansion in the Texas industrial real estate market, we wanted an acquisition leader with deep local knowledge of the Texas markets, and Taylor is a talented professional who adds great value to our Texas-based team,” said Jon Pharris, President of CapRock Partners. “Taylor’s experience and integrity align with our values, and we are grateful to have him as we build our portfolio in Texas and the Central U.S.”

In his new role, Starnes will oversee all Texas acquisitions and will be building out an acquisition team that covers all major industrial markets in the state.

“CapRock is a premier institutional investor and developer that is well known in the Western U.S. but is new to the Texas market. Despite the macro-economic climate, demand for industrial warehouse space remains strong in Texas’ key logistics markets and I look forward to bringing my skills, relationships and considerable knowledge to help grow the CapRock portfolio in Texas,” Starnes said.

Prior to CapRock, Starnes was a director and investment sales broker for the Southwestern region at Cushman & Wakefield, where he represented institutional and private clients in the disposition and capitalization of industrial properties and portfolios. During his nearly eight years at Cushman & Wakefield, Taylor transacted more than $5 billion of industrial investment sales as well as facilitated joint-venture equity placements representing more than 65 million square feet across Texas and the U.S.

“The trending market environment and current reset of asset and land values creates an exceptional opportunity for CapRock to expand across the Central Region,” Starnes said. “CapRock is well capitalized across various funds and its outstanding industry reputation is built on its great people and a culture of integrity, leadership and excellence.”

CapRock’s existing portfolio includes more than 17 million square feet of best-in-class industrial real estate assets in the Western and Central U.S. In Texas, Starnes is targeting value-add industrial assets and land for industrial development in Dallas-Fort Worth, Houston, Austin, San Antonio, El Paso and Laredo submarkets.

Partners Real Estate hires Matthew Steitz as Chief Financial Officer

Houston, TX, October 17, 2023 – Partners Real Estate (“Partners”), one of the largest independent commercial real estate firms in Texas, today announced it has hired Matthew Steitz, MBA, as Chief Financial Officer, a new role at the firm. Mr. Steitz will be responsible for driving Partners’ financial strategy, managing financial operations, and providing strategic financial guidance that complements the company’s growth.

“Matt brings an exceptional depth of financial expertise and a proven track record of strategic leadership to our team at Partners Real Estate,” said Jon Silberman, Managing Partner. “His extensive experience in building and optimizing financial operations, coupled with his ability to drive growth through sound financial strategies, make him the ideal CFO for our organization. We are excited to welcome Matt to the firm.”

Throughout his career, Mr. Steitz has demonstrated a proven ability to formulate revenue-generating strategies in competitive markets. Prior to joining Partners, he spent 6 years at Conquest Completion Services, LLC, where he served as Vice President of Finance (Deputy CFO), Director of Finance and Treasurer, and FP&A and Corporate Development roles. At Conquest, he was instrumental in multiple credit restructurings and capital raises that deleveraged the balance sheet and turned around operations for eventual exit.

Mr. Steitz’s career highlights include managing over ten asset divestitures that resulted in $12 million in proceeds, creating a unit economics model that evaluated ROI, payback period, and IRR, resulting in $5 million in revenue in the first year and $7 million in the second year. Additionally, Mr. Steitz spearheaded a complex 13-week cash flow model that effectively preserved liquidity through COVID-19 and subsequent restructuring, showcasing his ability to adapt and strategize during challenging times.

Mr. Steitz holds a Master of Business Administration degree with a Finance concentration from Rice University, Jones Graduate School of Business, and a Bachelor of Arts in History from the University of Georgia.

Partners recently celebrated its first anniversary as Partners Real Estate, and during that time the company hasn’t skipped a beat. In addition to continuing to attract the top talent in the commercial real estate industry—underscored by CRE expert Stan Nowak joining the company in Austin—and ranking among the top deal-makers in Texas, Partners placed among the Business Journal’s top 25 brokerages in each of the four cities in which the firm operates, as well as on all four Best Places to Work designations.

Office experts added to JLL’s Value and Risk Advisory platform

JLL’s Value and Risk Advisory platform has hired Nick Askew as a director in Dallas, Texas, and Tom Jeffries as an executive director in Denver, Colorado. The duo will focus on office and mixed-use value and risk advisory assignments in their respective markets as part of the group’s U.S. office sector team led by Senior Managing Director Adam Dembowitz.

Askew joins JLL from BBG, Inc. where he worked in a similar capacity performing valuations across a wide range of commercial real estate both locally in Dallas and nationally. He is an active member of The Real Estate Council Young Guns and Appraisal Institute. Askew graduated from the University of Massachusetts Amherst.

Jeffries has more than 18 years of experience in commercial real estate spanning a variety of underwriting, mortgage banking, consulting and valuation services. He spent over six years managing the Rocky Mountain region for Duff & Phelps Real Estate Advisory group servicing major institutional clients. Jeffries is a designated member of the Appraisal Institute, an accredited senior appraiser for the American Society of Appraisers and is active in the National Council of Real Estate Investment Fiduciaries (NCREIF). He holds a Master of Urban and Regional Planning degree from the University of Colorado at Denver.

Highly specialized industrial real estate professional joins Stream Realty Partners’ Houston team

Stream Realty Partners has recruited industrial real estate professional Thomas (Tommy) Erwin to help accommodate users with heavy manufacturing needs throughout the Houston region. 

Erwin joins Stream, a national commercial real estate firm offering an integrated platform of services, as a vice president in its Houston office, responsible for industrial tenant representation, transaction management, and new client and business pursuits. His background in mineral acquisition and divestiture lends him a unique perspective and skillset in seeking out opportunities of maximum value for clients. Erwin will work closely with Managing Director Tyler Maner to expand the company’s industrial services platform across the Houston metro market, specifically in the port sector.

Erwin comes to Stream from Moody Rambin, where he spent the last four-plus years as a member of their industrial and investment services team, focused on tenant representation, landlord representation, and investment services. While there, he focused on the heavy industrial manufacturing sector covering port cities throughout the Gulf Coast. This specialization encompasses a wide array of services, including facilitating acquisition and disposition of properties on behalf of Fortune 500 companies, locally owned operations, and high net worth family offices. Throughout his career, he has utilized his expertise to provide dedicated solutions across the expansive landscape of Texas’s industrial marketplace.

Erwin was a recipient of NAIOP Houston’s Rising Star award in 2021, which recognizes real estate professionals within the Houston community that exemplify the most outstanding qualities in the commercial real estate industry, including transactional standout, client service, community involvement, and mentoring young professionals. As a seventh generation Houstonian, Erwin is deeply entrenched in the local community, serving as a member of JH Outback Texas’s Executive Committee.