Commercial real estate developer Trammell Crow Co., a subsidiary of CBRE, announced Tuesday that John Balestra has joined the Company’s SoCal-Los Angeles Business Unit as a Senior Vice President.
In this role, he is responsible for sourcing and overseeing new industrial development and investment opportunities throughout the Greater Los Angeles market. Balestra will oversee land and deal sourcing, financial analysis, due diligence, entitlements, debt and equity capital relationships.
“We are excited to have John join Trammell Crow Co.,” said Brad Cox, Senior Managing Director with Trammell Crow Co.’s SoCal—Los Angeles Business Unit. “He shares our values and focus on delivering the best product, and he places the same strong emphasis as we do on supporting quality economic growth for the LA community.”
Balestra previously served as President of Roll Real Estate Development, the largest agricultural land owner in California and provider of real estate logistics solutions. Throughout his 30-year career in the commercial real estate industry, he has managed the development, leasing, acquisition and property management involving over 15 million square feet of commercial real estate valued at $1.5 billion.
Balestra holds a Bachelor of Arts in Finance and Real Estate from the University of Southern California’s Marshall School of Business.
About Trammell Crow Co.
Trammell Crow Co., founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of June 30, 2015, TCC had $6.0 billion of projects in process and $3.7 billion in its pipeline.
Trammell Crow Co.’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.