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Pinecroft Announces Leadership Transition, Holder Promotes Executives, FNRP Names CEO


Apr 14, 2023
The Pinecroft Realty executive team includes, from left to right: Chairman Tom Pisula, President and CEO Jim Pisula, and Executive Vice President and Chief Operating Officer David Teague. (Pinecroft)

A boutique commercial real estate company specializing in the investment and development of healthcare properties has completed a planned leadership succession.

Jim Pisula has been promoted to president and chief executive officer at Pinecroft Realty in The Woodlands, Texas, north of Houston. Pisula most recently served as chief investment officer and partner at the firm, which he has played a leading role in developing over the past 15 years.

In his expanded role, Pisula is tasked with continuing to execute the firm’s business plan, nurture strategic partnerships and capitalize on the company’s core strengths.

Tom Pisula, former president and CEO, will transition to the role of chairman of the now national company that he started 20 years ago. David Teague will remain as executive vice president and chief operating officer.

Jim Pisula’s promotion and the new titles formalize a transition plan that has been in the works and comes at a time of growth for Pinecroft Realty. The company provides property, asset and facilities management services for over 2.5 million square feet of commercial real estate from established offices in Texas, Colorado and Arizona.

“While we celebrate our company’s many accomplishments over the past 20 years, we look forward to what the future holds for Pinecroft under Jim’s leadership,” Teague said in a corporate statement announcing the moves.

Robert Holder, left, and Will Menkes

Holder Properties has promoted Robert Holder to CEO and promoted Will Menkes to president. The two take the top leadership roles at the full-service commercial real estate company and will also jointly serve as managing partners of the firm.

Holder previously worked at Blackstone in New York and London before joining Holder Properties in 2017. He is a member of the Urban Land Institute and holds a master’s degree in finance from Vanderbilt University.

Menkes hails from the San Francisco Bay Area and previously worked with GTIS Partners and Barclays Capital in New York before joining Holder Properties in 2016. He is active in NAIOP and was selected into ULI Atlanta’s Center for Leadership class of 2018.

Both Holder and Menkes previously held the title of managing director and co-head of investments and asset management at the company that was founded in 1980 and has since developed and acquired over 100 projects in various asset classes across the country. John Holder will continue to serve as chairman of the firm.

“I have the utmost confidence in Robert, Will and the HP team,” John Holder said in a statement. “This transition is part of our long-term succession plan. The group of professionals in place at Holder Properties is well-prepared to tackle the turbulent real estate markets of today and into the future.”

Josh Champion

Josh Champion has been appointed CEO of First National Realty Partners in Red Bank, New Jersey.

Champion brings a wealth of experience in investment, asset and fund management as well as team leadership. He previously served as president and chief investment officer of Carroll, a vertically integrated, private-equity real estate firm, where he oversaw day-to-day operations of its investment platform as well as asset and portfolio management, capital raising, investor reporting and fund management in addition to formulating and implementing its national acquisition and disposition strategies.

During his time at Carroll, the firm realized gross portfolio returns of 29% and a 2.2x equity multiple across more than $8.5 billion in dispositions. Champion led the acquisition of over 75,000 apartment units nationwide and more than $20 billion of multifamily and mixed-use real estate transactions through multiple market cycles. He has also raised over $4 billion of equity through discretionary funds, separate accounts and programmatic joint ventures, and sourced and secured over $8 billion of debt financing.

Noelle Perkins

Noelle Perkins has been appointed executive vice president, general counsel and corporate secretary at global commercial real estate services firm Cushman & Wakefield. She is based in Chicago.

In her new role, Perkins will provide strategic advice, guidance, oversight and support to the firm’s global business and operations in addition to leading its global legal functions and implementing governance and risk management practices.

Perkins joins Cushman from Univar Solutions, where she served as a senior vice president, general counsel, chief risk officer and corporate secretary. Before that, Perkins was chief counsel for the oilseeds processing segment of Archer Daniels Midland Co., the deputy general counsel for John Beach Technologies Corp., and a litigation associate with Bell Boyd & Lloyd, now K&L Gates. Perkins holds a Juris Doctorate from the University of Illinois.

Nick Perez

Related Group has named Nick Perez as president of the organization’s condominium development division, effective immediately.

In his new role, Perez will spearhead a portfolio valued in excess of $15 billion, including some of the firm’s most exclusive properties, while working with leadership to extend the company’s presence in the region.

Perez joined Related in 2018 and most recently served as a senior vice president. Throughout his tenure, he has spearheaded several high-profile developments and identified new investment opportunities into new markets and with new partnerships, according to the company. His select projects have included St. Regis Residences in Miami, the Solemar Residences in Pompano Beach, the Ritz-Carlton Residences in Tampa Bay, the NoMad Residences in Wynwood, as well as development of the new Related Group headquarters office in Coconut Grove, Florida.

Ernie Jarvis

Savills has hired experienced brokerage leader Ernie Jarvis as a vice chairman in the firm’s Washington, D.C., office.

In his new role, Jarvis is tasked with expanding the commercial real estate firm’s presence in the region.

Jarvis brings more than 35 years of real estate experience, including founding and serving as CEO of his eponymous brokerage firm, Jarvis Commercial Real Estate. Before that, Jarvis was a senior vice president and D.C. market lead at First Potomac Realty Trust and an executive broker at CBRE. In addition to representing some of the region’s largest tenants, Jarvis has worked on several award-winning diversity, equity and inclusion initiatives across the commercial real estate industry.

Kristin Gibbons

Kidder Mathews has hired Kristin Gibbons as a senior vice president and market leader for asset services in Phoenix.

In her new role, Gibbons will oversee the firm’s business development, client relations, risk management and property services operations throughout the area. Gibbons holds the Certified Property Manager designation from the Institute of Real Estate Management and is a licensed real estate broker in Arizona.

Gibbons has experience managing all property types for institutional clients and real estate investment trusts as well as capital and tenant improvement project management and leasing, with a focus on medical offices. She spent the past four years as Arizona market leader for Lillibridge Healthcare Services, and 12 years before that with Mainstreet Real Estate Advisors, where she oversaw an institutional portfolio as a senior property manager.

Stephen Pugh

One of the San Francisco Bay Area’s top-ranked commercial real estate professionals has joined Berkshire Hathaway HomeServices/Drysdale Properties.

Stephen Pugh, formerly the president of Compass California’s commercial division, has joined BHHS/DP as its director of commercial real estate strategy as the firm continues to expand in the region.

At Compass, Pugh led the integration and transition of Pacific Union International’s commercial real estate team into Compass California’s commercial division in San Francisco and Los Angeles. Pugh stepped down as president in 2022 but remained with the brand as head of a team of real estate professionals there.

Pugh is the second high-profile move to BHHS/DP this year. In February, former Compass California COO Brent Thompson joined the firm as a strategic growth adviser focused on expanding the brokerage across California and Nevada.

Rob Ury, left, and Matt Lux

Beta, a commercial real estate brokerage and advisory firm, has promoted Rob Ury and Matt Lux to partners at the growing company in El Segundo, California.

In their expanded roles, both Ury and Lux will assist the firm’s growth, both in production and personnel.

Ury joined Beta in 2020 and previously advised restaurant and retail tenants in high-street and shopping center environments while helping guide store growth for established and emerging brands.

Lux has been with Beta since it was founded in 2018 and has more than 30 years of retail real estate experience in executing new store development programs throughout the country.

CoStar’s People of Note is a national column published each Friday covering the latest personnel moves in the commercial real estate industry. Send new executive hires and promotion announcements to

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