Rocky Mountain Communities Names Mark Marshall as Chief Executive Officer
Denver-based affordable housing nonprofit, Rocky Mountain Communities (RMC), has promoted Mark Marshall to chief executive officer. Mark had been the vice president of real estate development for the past two years.
“Considering Mark’s breadth of experience in affordable housing, we know RMC will continue to thrive and grow under his leadership,” said Greg Litvak, chair of the board of directors at Rocky Mountain Communities. “Over the past two months, while serving as Interim CEO, and during his time as vice president of real estate development, Mark proved that he can strategically lead the organization in growing its portfolio while continuing to focus on what matters most, our residents, their health and well-being. We are excited for this new chapter for the organization.”
As vice president of real estate at RMC, Marshall oversaw all aspects of affordable real estate development including site acquisition, land use, and zoning analysis; financial feasibility; and construction administration. He grew the organization’s portfolio by supporting several real estate deals including opening The Commons in Colorado Springs with non-profit partner Homeward Pikes Peak, acquiring Parkview Village West in Arvada, partnering with Evergreen Real Estate Group and GES Coalition on the development of new affordable housing community in Denver’s Globeville neighborhood, and more.
Marshall has extensive knowledge in leading real estate developments that utilize Low-Income Housing Tax Credits (LIHTC), tax-exempt bonds, municipal/state/federal capital programs, and mixed financing.
Prior to joining RMC in 2021, Marshall was at Urban Land Conservancy for five years where he began as director and advanced to the vice president of real estate. He also worked as an independent development consultant, as well as served as a developer with regional and national development companies focused on the creation and preservation of affordable housing communities.
Marshall has a Bachelor of Architecture from the University of Tennessee and a Master of Business Administration from Indiana University. He was also a Captain in the U.S. Air Force serving in the 354th, 81st and 33rd Civil Engineering Squadrons.
Gilmore Construction Names Enrique Elizondo Vice President of Construction Operations
Gilmore Construction Corporation, a prominent general contractor headquartered in Denver, is pleased to announce the promotion of Enrique Elizondo to the position of vice president of construction operations.
Elizondo’s responsibilities include the oversight and management of Gilmore’s strategic business plans for all business unit operations, implementing strategic goals, and ensuring all Gilmore operation teams continue to build high-quality projects and strong client relationships. This seamless transition took place shortly after Bob Bustos, former Vice President of Construction Operations, came to retire in September 2023. Elizondo will work closely with CEO & President Jake Gilmore, Executive Vice President Edweena Gilmore and other key leadership team members to collaborate on key business initiatives.
Enrique Elizondo, who previously served as Gilmore’s senior project executive, has been an integral part of the company since 2021. With nearly three decades of construction experience, he brings a wealth of knowledge and expertise to the organization. Elizondo’s journey within the construction industry has seen him take on various roles, ranging from project engineer, superintendent, senior project manager and project executive, equipping him with the field insight required to provide effective support to Gilmore’s project teams. His extensive experience further strengthens the already robust leadership team at Gilmore Construction.
“Our entire leadership team is excited about what Enrique’s promotion means to the future of our company,” said CEO & President Jake Gilmore. “Enrique brings experience and a wealth of knowledge to help advance Gilmore Construction’s overarching business goals. His invaluable perspective on strategic expansion and construction enhancement will significantly hone our construction operations in support of our client partnerships, and, most importantly, the development of our employees.”
Elizondo’s extensive ties to the small and minority-owned business community are firmly established. He has served on the board of directors for the Hispanic Contractors of Colorado (HCC) and currently acts as the president on the board for Contractor Academy. This affiliation closely aligns with Gilmore’s mission of continuing to support other small and diverse businesses within the construction industry.
Jeff Nading Steps Down as CEO at GTC
After a 30-year career at GTC and as the final step of an extensive and strategic transition plan, Jeff Nading has decided to step down as CEO and chairman of the board to focus on his family and other business pursuits.
Jeff Joined GTC in 1993 and in short order took full ownership of the company. At this time GTC was a small firm with annual revenues below $500,000. After only 5 years Jeff grew the company to over $20,000,000 in annual revenues and within 10 years achieved a volume of over $70,000,000. As Jeff steps down from his leadership role at GTC the company anticipates revenues of +$120,000,000 with a strong backlog going into next year.
Jeff has always been a forward-thinking leader. His transition plan for the company began in 1996, only 2 years after taking over the firm when he brought on his first partner. As the company progressed Jeff continued to build the company and partnership group with strong leaders that have worked under his leadership to make GTC the company it is today. This strategy of creating vested employees and the recognition of the value of rewarding employees ultimately led to GTC becoming a 100% employee-owned company in 2022.
Jeff has always been a leader by example, through his hard work, thoughtful decisions, and dedication to the success of the company. It has never been beneath Jeff to step into any role within the company and take on any challenge.
As Jeff steps down from GTC he does so with confidence in the leadership and structure he has put into place to carry the company into the future. The senior leadership is excited to continue to lead and grow the company with the training and guidance Jeff has instilled which has become part of the fabric of GTC.
GTC’s guiding values of Safety First, Customer Satisfaction, Pride in Performance, Quality, Professional Constructive Relationships, and Positive Company Culture are the foundation for the firm’s success and part of the legacy that Jeff will leave with the company.
Lee & Associates Denver Hires Broker Ray Rosado, CCIM as Retail, Leasing & Sales Principal
Lee & Associates, the largest broker-owned commercial real estate firm in North America, has announced the hiring of Ray Rosado, CCIM as principal. Ray brings extensive experience in retail real estate tenant and landlord representation and site selection. Ray was a senior director at Cushman & Wakefield of Colorado (C&W). Over his 15-year career with C&W, Ray closed many deals including agency sales & leasing, investment sales, tenant representation, as well as many land transactions.
“I am thrilled to join the Denver Lee team which is part of a national platform that has not lost its boutique feel. It is especially exciting to be a part of a firm that is broker-owned, nimble, and able to readily adjust to changing market conditions,” said Ray Rosado.
Over his career Ray has represented many well-known clients including US Bank, Nuveen Investments, AutoNation, Denny’s, and Humana. Ray was recognized as C&W’s Colorado Top Retail Broker on multiple occasions and has received the Top 3 Retail Broker recognition for the Denver Metro area by DMCAR and NAIOP multiple years in a row.
