News Summary

The Texas real estate industry is witnessing significant leadership changes, particularly in Austin, as firms adjust to enhance growth and transaction services. Carly Langley joins Transwestern, while Jillian Johnson Hanks moves to CBRE. Will Pural begins with Northmarq, Dave Howard takes a role in debt and equity, and Paul Mouchakkaa is now with Crow Holdings. Ben Azulay has been appointed president at Bradford Allen. Concurrently, Salt Lake City faces a 5.9% decline in existing home sales, suggesting a mixed market outlook. These shifts indicate a dynamic future for real estate in the region.

Exciting Changes in the Texas Real Estate Scene

In the bustling city of Austin, the real estate industry is buzzing with activity as several prominent firms make significant leadership changes. These moves are expected to enhance regional growth and improve transaction services, leading to a more vibrant market. So, let’s dive in and explore some of the key players stepping into new roles!

Welcoming Carly Langley to the Team

First up is Carly Langley, who has just been appointed vice president of Transwestern Real Estate Services in Austin. With her experience in the office agency leasing team, she is set to help expand the firm’s business development in the region. Carly has an impressive track record, having held previous positions at Karlin Real Estate and Work&, where she helped launch the first WeWork locations in Texas. Additionally, she has led regional sales for a hospitality firm, showcasing her versatility in the ever-changing real estate landscape.

A New Era with Jillian Johnson Hanks

Meanwhile, Jillian Johnson Hanks has ventured over to the Salt Lake City office of CBRE as vice president. She’s got a wealth of expertise in office leasing advisory and transaction services, which will undoubtedly help CBRE strengthen its presence in the region. Prior to her new role, Hanks was with JLL in a vice president position, assisting landlords and developers with various projects. With her background in advising corporate clients from various sectors—engineering, technology, legal, and consumer goods—Hanks is poised to make a significant impact on the local market.

Market Expansion Under Will Pural

In another part of the country, Will Pural has joined Northmarq as senior vice president within its National Restaurant Group, based in San Diego. With over 15 years in real estate, he’s taking charge of advisory and transactional services for net-leased properties, particularly in the restaurant sector. Pural comes equipped with a well-rounded portfolio as he once served as senior vice president of investments at CIRE Partners, managing over 300 transactions exceeding $2 billion.

Bringing Expertise to Debt and Equity

In Richmond, Virginia, Dave Howard has signed on as senior vice president of debt and equity at Northmarq. With an impressive four-decade career in mortgage banking under his belt, Howard will be sourcing financing capital for all commercial real estate categories, contributing to Northmarq’s ongoing regional expansion. Previously, he held the regional executive position at Citizens and Farmers Bank in Richmond.

Big Moves at Crow Holdings

Meanwhile, Paul Mouchakkaa has been named senior managing director at Crow Holdings, stepping into their Crow Holdings Capital division. Mouchakkaa will focus on the company’s Build-to-Core and Core+ investment programs and brings valuable experience from overseeing a $30 billion global portfolio in real estate. This kind of leadership is essential for firms looking to navigate the complexities of today’s market.

Bradford Allen’s New President of Brokerage Services

Furthermore, Ben Azulay has taken the lead as the president of brokerage services at Bradford Allen, based in Chicago. With a solid 21-year history in the industry, Azulay aims to boost the firm’s representation for office, retail, and industrial properties across the nation. Starting his journey at Bradford Allen in 2004, he has completed more than 100 transactions with various corporate and nonprofit clients.

A Peek into the Salt Lake City Housing Market

Shifting gears to the housing market, Salt Lake City is experiencing some unpredictable trends as we move towards spring 2025. March saw a 5.9% decline in existing home sales, marking the largest drop since November 2022. The inventory of homes has jumped by 34% compared to last year, offering buyers a wider selection despite the market still being considered a seller’s haven.

It’s a bit of a mixed bag out there; some buyers are eager to buy homes amidst economic concerns, while others are patiently waiting on the sidelines. Despite these fluctuations, experts are optimistic, pointing out that a complete downturn or crash seems unlikely, mainly due to Utah’s robust economy and its allure as a relocation destination.

In Conclusion

Overall, the Texas real estate scene and beyond are buzzing with excitement as leadership changes and new appointments bring fresh perspectives and strategies. As these changes unfold, it’ll be fascinating to see how they contribute to regional growth and what the future holds for buyers, sellers, and everyone involved in the industry!

Leadership Changes Transforming the Texas Real Estate Landscape