- Newmark has actually hired industry veteran Drew Petersen as Executive Vice President and Market Leader of Newmark’s San Francisco office. Petersen will lead Newmark’s San Francisco office to more expand the company’s Bay Area advisory capabilities and strengthen partnership throughout regional and local teams. He will work closely with Northwest Market Leader Jon Mackey.
- Newmark has likewise hired Shivu Srinivasan, a multifamily financial investment sales advisor with more than a decade of acquisition and disposition experience across value-add, core and core-plus properties in Northern California, as Senior Managing Director in its San Francisco workplace. Throughout his career, Srinivasan has actually constructed a strong performance history in private customer and mid-market multifamily transactions throughout the Greater San Francisco Bay Location, the I-80 Passage, Sacramento and the Central Valley.
- Conservation Equity Fund Advisors has formed the PEF Advisory Board, bringing together a recognized group of leaders throughout institutional realty investment, budget-friendly real estate, private equity, capital markets and fund governance. The inaugural Advisory Board includes: Tony Breault, Managing Director of portfolio management at Ascentris and previous Senior Property Officer for Oregon State Treasury; Gena Cheng, Founder of Possibility Avenue Partners, an advisory firm concentrated on real assets and former senior executive at USAA Realty, JT Partners, and APG Property Management; Lawrence J. Hass, Lawyer at Difede, Ramsdell & Bender; John Hurley, Chief Investment Officer and co-founder of Penwood Property Financial Investment Management, an industrial fund platform; and Trisha Malone, President of Anton DevCo, a cost effective and market rate house developer.
- Senior Resource Group LLC (SRG), a leader in the development and operation of award-winning senior living neighborhoods, selected Helen Lee as executive director of The Town at Northridge in Northridge, Calif. Lee brings more than 25 years of executive leadership and hospitality management experience, in addition to a deep connection to the neighborhood she now returns to lead.
- Jay Recla has been promoted to principal/construction services of SOCOTEC in Irvine. He has almost 30 years of industry experience in Materials Testing and Examinations, Job Management & Unique Examinations Building And Construction. He is thoroughly well-informed on standard test techniques consisting of in-place density, sieve analysis, and concrete strength testing, along with unique inspections, consisting of soils, strengthened concrete, prestressed concrete and spray-applied fireproofing.
- Belmont Town Elder Living revealed that UC San Diego Stein Institute’s Living Laboratory at Belmont Town La Jolla has actually been granted the 2026 Argentum Best of the Finest Award. Argentum, a national trade association serving business that own, run, and support professionally handled senior living communities, provides this award to programs that advance excellence in senior living. The award was presented during the 2026 Hero Awards event at Argentum’s yearly Senior Living Executive Conference & Expo.
- ExchangeRight announced the full subscription of Essential Income 6 DST in the middle of ongoing financier need for accelerated access to the Important Earnings REIT. Vital Earnings 6 DST is a closed offering and is not accepting new financiers. The $42.46 million portfolio of net-leased property is backed by recession-resilient renters and offers financiers with a current cash flow rate of 5.50%.
- Dealpath, an AI-powered os genuine estate investing, presented Dealpath AI, a suite of AI capabilities natively embedded across the realty investment lifecycle. Following an early access duration with leading institutional financiers, Dealpath AI marks the release of additional workflow-native abilities covering sourcing, screening, underwriting and pipeline management.
The post California People and Company News, Week of May 22, 2026 appeared initially on Connect CRE.