Bay & Associates, Inc. is thrilled to announce that Clayton Spencer, PE, has been promoted to Chief Executive Officer. In his 13 years with the firm, Clayton has demonstrated excellence in mechanical, electrical and plumbing (MEP) engineering; dedication to producing quality work; and a track record of success within our company.

He began his career at Bay as a designer in 2012 and quickly rose up the ranks. He excels at collaboration, working with the design team to solve problems and customize solutions for each client. His body of work includes high-rise office buildings, corporate campuses, and high-end interior finish-outs.

Clayton is leading Bay into the future and its second quarter century. His near-term focus is on expanding Bay’s presence to include more markets outside of Central Texas, and into growth industries like education and medical office buildings.

Please join us in congratulating Clayton on this promotion and wishing him well as he takes on these new challenges.

Burhan Altinbilek is a visionary leader in real estate development and investment. As an immigrant, he built a successful career focusing on revitalizing communities, especially through apartment investments. Altinbilek is known for reducing crime, improving neighborhoods, and creating sustainable growth. His work emphasizes both financial success and social impact, aiming to transform underdeveloped areas into thriving, safe communities for residents and investors alike.

Gregory Smith was named Partner at Vela Wood, a boutique full-service law firm based in Dallas, Texas. He focuses on real estate, corporate finance, and general business transactions. He represents sellers and purchasers for any real estate transaction, conducts lease negotiations on behalf of landlords and tenants, and assists companies and financial institutions with financing and debt restructuring. He is a Texas Bar Foundation Fellow and a four-time Super Lawyers Rising Star recipient.

Ridgemont Commercial Construction is thrilled to announce Joey Johnson as our new President!

Since joining Ridgemont in 2005, he has been dedicated to delivering excellence. His experience in business development have played a crucial role in both Ridgemont’s growth and his own career progression. Now as President, he leads with a clear vision, focusing on impactful solutions. His strong leadership and collaborative approach drive our success, and we’re excited to see where he takes us next.

Ridgemont Commercial Construction is thrilled to announce Jason Lillard as our new Chief Executive Officer!

Since joining Ridgemont in 2000, he has been a driving force behind innovation and continuous improvement.

As CEO, Jason will continue to work closely with the leadership team to enhance efficiency, drive growth, and strengthen Ridgemont’s culture. His leadership will set high standards for performance while creating an environment where our team can thrive!

Colliers appointed Ted Brooks as Managing Director for Valuation & Advisory Services in the Dallas office.

With more than three decades of experience in real estate valuation, Brooks brings a wealth of expertise across a diverse range of property types and complex valuation assignments.

Brooks began his real estate valuation career in 1985 and has since worked on assignments involving hotels, office buildings, industrial properties, retail centers, multifamily complexes, medical office buildings, hospitals, self-storage facilities, and special-purpose properties. His unique experience includes appraising former military installations, including a bomb storage site, an Air Force base, and nuclear missile launch facilities in South Dakota and Missouri.

Prior to joining Colliers, Brooks served as Managing Director at JLL and as a Partner in the Dallas-Fort Worth offices of Integra Realty Resources, both national real estate appraisal firms. His extensive background also includes expert witness testimony in Federal Bankruptcy Courts, Commissioners Courts, and various depositions.

A proud Texas A&M alumnus, Brooks holds a bachelor’s degree in Business Administration and a master’s degree specializing in Land Economics and Real Estate. He is a designated member of the Appraisal Institute (MAI) and the Royal Institution of Chartered Surveyors (MRICS).