Patrick Crandall Joins Cushman & Wakefield Sonnenblick Goldman
24 Oct, 2011, Los Angeles
Cushman & Wakefield Sonnenblick Goldman today announced that Patrick Crandall, a 25-year commercial real estate industry veteran with expertise in real estate financing and investing, has joined the company as Managing Director in the U.S. Western Region. Mr. Crandall will work with Cushman & Wakefield Sonnenblick Goldman on debt and equity financed transactions. He will be based in Los Angeles.
"Cushman & Wakefield Sonnenblick Goldman is constantly working to broaden and differentiate our service platform, in order to provide our clients with the most high-quality and comprehensive services possible," said Steven Kohn, President and Principal of Cushman & Wakefield Sonnenblick Goldman. "Patrick's capabilities complement our current team and we are confident that his contribution will be significant."
"We are very pleased to welcome Patrick to our team," said Robert B. Stiles, Executive Vice President and Principal of Cushman & Wakefield Sonnenblick Goldman, head of the Western Region. "He brings strong financing expertise, combined with an extraordinary depth of industry relationships. We are looking forward to his contribution to our alreadyaccomplished team."
Senior Managing Director Curtis Magleby oversees Cushman & Wakefield's Investment Sales, Debt & Equity Finance and Investment Banking divisions in the western half of the United States. He commented, "Adding Patrick Crandall to our team furthers our goals of developing growth initiatives and continuing to offer the highest quality service to our clients."
Previously, Mr. Crandall was Managing Director and head of West Coast originations for CIBC, a major Canadian bank based in Toronto. Prior to CIBC, Mr. Crandall was Senior Vice President at iStar Financial, a New York-based mortgage REIT, where he led the firm's originations operation in San Francisco. He was tapped to relocate to San Francisco from New York City after iStar acquired the commercial real estate financing division of Fremont Investment & Loan, where he established and managed the bank's originations operation in the Northeast. Under his leadership, the Northeast region was Fremont's top-producing region in two of the four years before being acquired by iStar. Prior to Fremont, Mr. Crandall was head of West Coast acquisitions for J.E. Robert Companies, an international investment firm based in Virginia. During his tenure there, he led the underwriting and acquisition of several nonperforming loan portfolios from banks, life insurance companies, the FDIC and the RTC, as well as one-off opportunistic investments for the firm's investment funds. He also led acquisition teams in Mexico City and Tokyo. Early in his career, Mr. Crandall was Associate Director in the Los Angeles office of Cushman & Wakefield, where he provided valuation and advisory services for banks, life insurance companies, pension funds and investment firms.
Mr. Crandall is a full member of the Urban Land Institute and sits on its Urban Development and Mixed-Use Council, and is also a member of the International Council of Shopping Centers. He has been a frequent speaker and guest lecturer.