Just weeks after promoting a dozen brokerage professionals in New York, Cushman & Wakefield has hired Alex Ray as a managing director of its capital markets division.
Mr. Ray, who previously served as a managing director of Rockwood Real Estate Advisors, will now represent institutional, sovereign and high-net-worth international investors in direct property investments, joint ventures and other commercial property-related capital markets transactions within the United States.
“We are very pleased to welcome Alex to Cushman & Wakefield as we continue to grow our leading capital markets platform and enhance the services we provide clients on a global basis,” said Greg Vorwaller, executive vice president and global head of capital markets.
“His efforts will be highly coordinated with colleagues in Europe and Asia Pacific to present clients with a broad and advantageous perspective of global investment opportunities.”
Denham Wolf Real Estate Services, the real estate consulting, brokerage and development firm, has promoted Leroy Li to vice president of design and construction.
Mr. Li, who previously served as a design project engineer for the U.S. Army Corps of Engineers before joining Denham Wolf as a senior project manager in 2005, will now manage and grow an existing portfolio of services with a focus on project management.
“Leroy’s strong background in design and construction, ranging from educational facilities to large-scale planning and feasibility studies, makes him ideal for this position and an integral component to a number of high-profile projects we currently have in our portfolio,” said Jonathan Denham, principal of Denham Wolf Real Estate Services.
“We are looking forward to his growth in this new role and see this as a platform for expanding our project management and development divisions over the next few years.”