Movers and Shakers Week Ending 06.01.18
Warwick Olney Joins CBRE Denver
CBRE announced that Warwick Olney has joined its Denver office as a first vice president with CBRE Capital Markets’ Debt and Structured Finance practice. Olney will spearhead the joint venture equity platform for CBRE in Colorado, serving client needs throughout the Western United States.
“We strive to make real estate investing as seamless as possible for our clients, so it’s great to now have a joint venture equity specialist based in Denver, serving Colorado and the West. Warwick’s background in banking and private equity gives him unique insight into the financing process, which will help our clients make the most informed decisions regarding their commercial property investments,” said Pete Schippits, Senior Managing Director and Market Leader for CBRE’s Colorado region.
Olney started his career as an intern with CBRE in the Hartford, Conn., office and served in various roles within CBRE/New England including research, downtown office leasing and investment sales. Prior to rejoining CBRE, Olney was a senior investment professional with Summit Investment Management, a Denver-based private equity firm and partner of a large New York-based hedge fund. He was responsible for the acquisition of the firm’s complex investments targeting distressed commercial real estate across all product types in various markets across the United States.
Before that Olney spent five years in New York City helping build the U.S. real estate platform for the Bank of Ireland. In this position, he coordinated the origination, underwriting and asset management of senior secured commercial real estate loans in primary cities, which included construction and permanent financing.
Petros PACE Finance Hires Ben Elmquist, Vice President of Originations
Petros PACE Finance, LLC announced 20-year banking veteran Ben Elmquist has been named vice president of Originations, strengthening its business development team in the Colorado area as the company continues to expand nationally. In his new Denver-based role, Elmquist will join one of the national leaders in commercial real estate lending dedicated to Commercial Property Assessed Clean Energy (C-PACE) financing.
“We are thrilled to have Ben on board,” said Petros CEO Mansoor Ghori. “The State of Colorado and the surrounding area is vital for the continued expansion of the C-PACE market. Ben’s experience with financing solutions for businesses makes him a valuable asset to our businesses development in Colorado and to our growing team.”
Elmquist joins Petros from GDI Capital. As the founder of the company, Elmquist created the firm to facilitate real estate secured transactions with private capital and secured multiple lending sources to provide funding for CRE. Prior to his role at GDI, he worked at Bank of the West and Wells Fargo Bank—working as a CRE senior relationship manager in both roles.