California People and Company News, Week of Oct. 18, 2024

• Colliers appointed Christian Prelle as EVP and head of office agency, San Francisco Bay Area. Prelle is a renowned industry leader in the Bay Area with more than 15 years of experience in leasing and selling properties. Before joining Colliers, he served as executive managing director for Newmark, where he led the Palo Alto office for six years and oversaw more than 55 brokers and staff. 

• CBRE announced that SVPs Nicholas Chang and Richard Lee, first VP Justin Kuehn and VP Sione Fua have joined its Inland Empire office. The industrial advisory team joins the company from NAI Capital. 

• New York Life Real Estate Investors hired Natalia Todorov as head of commercial mortgage lending for the Western Region. Based in the Bay Area, Todorov will oversee a team responsible for originating, underwriting, structuring, and negotiating various real estate debt investments.Todorov has more than 20 years of real estate experience, most recently serving as executive director at PGIM Real Estate. 

• Linc Housing, a nonprofit builder and manager of affordable and supportive housing, announced major organizational changes and several promotions. Effective immediately, Ben J. Winter is promoted to EVP, overseeing all of Long Beach-based Linc’s housing development activities, corporate development, policy, advocacy and communications. Cecilia Ngo is promoted to SVP, joining Anders Plett as a key member of the housing development leadership team. In addition, Ruth Smith is now SVP of human resources and workplace operations. Effective Jan. 1, 2025, recently appointed CCFO Erik Svensson will oversee the asset management team. 

• Los Angeles-based Industrial Realty Group, LLC, a national leader in industrial redevelopment and adaptive reuse, has made three promotions within the executive team. Justin Lichter has been promoted to CIO. Peter Goffstein and Coby Holley will assume the roles of EVPs, overseeing the Eastern and Western U.S., respectively. 

• ExchangeRight and its affiliates have surpassed 100 offerings. The company said its offerings collectively represent more than $6.2 billion of capital stewarded on behalf of more than 8,600 investors nationwide, with all meeting or exceeding distribution targets since the company’s inception. 

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