Movers and Shakers Week Ending 09.25.20
Generation Development Announces Launch of Construction Division
Generation Development, a leading multifamily developer led by industry veteran Chris Lonigro, has launched a contracting division called Generation Constructors, which will be led by Joshua Williams, vice president of construction.
Williams brings more than 30 years of construction management experience to Generation Constructors, having led the delivery of multiple types of projects, from major infrastructure improvements to transit and transportation hubs, in addition to more than 18 years in residential construction.
“Generation Development is thrilled to bring this level of in-house construction expertise to ensure our developments result in the highest quality construction,” said Lonigro, chief executive officer at Generation Development. “We’ve found we can expect better results with an integrated design and construction approach that is best managed from the owner perspective,” he added.
Generation Development’s current projects include a 40-unit condominium development in the City Park neighborhood, located at 16th Avenue and Lafayette Street. A Colorado State University Construction Management alumnus with more than 20 years of residential development, Lonigro’s past developments include the highly successful Ogden Flats and Goss Corner projects in Denver.
Broe Real Estate Group Announces National Industrial Team Assignments to Serve Surging Market Demand
Broe Real Estate Group (“BREG”) has named Sean Fitzsimmons as senior vice president for the East region of its expanded industrial development group and elevated Dean Brown to senior vice president for the West region. BREG’s expanded industrial development model corresponds with an unprecedented increase in demand for industrial space in the United States, driven by double digit e-commerce sales growth and the rising need to house expanded domestic supply chains. With one billion square feet of increased industrial market demand projected by 2025, industrial real estate demand is at an all-time high.
BREG’s Industrial Development business leverages the combined industry expertise of BREG and its affiliate railroad operating company OmniTRAX. BREG’s expanded national industrial development team, headed by Executive Vice President Reagan Shanley, is the nation’s leading full-service industrial real estate and railroad service provider with the ability to offer end-to-end transportation logistics solutions.
“The increased demand for industrial logistics facilities is driven by population and consumption growth, increased ecommerce sales, inventory buildup and re-shoring. Companies are seeking more efficient logistics facilities that provide operational advantages and cost savings,” noted Shanley. “With decades of in-house real estate, rail and logistics expertise, Broe Real Estate and OmniTRAX are uniquely positioned to deliver industrial logistics solutions for our customers throughout the U.S.”
Brown, who joined BREG in 2018 as the vice president of industrial, assumes expanded responsibilities for the industrial team’s West Region. With 22 years of experience in the west coast industrial market, Brown brings deep market knowledge and relationships to BREG. Brown is based in Denver and leads the West Region- including Great Western Industrial Park a 3,000 acre dual rail served Industrial, retail/commercial and residential development located in Windsor, Colo.
Fitzsimmons has more than two decades of industrial development and brokerage experience with successful big box projects throughout the top east coast industrial markets, including prior developments in Savannah. In his new role, Fitzsimmons will be located in Savannah and Atlanta, and will lead the East region.