Commercial Real Estate Execution Professional

CBRE expands LA North team; Stream targets healthcare business; Inland names investment CEO. CBRE said it expanded its executive ranks in the Los Angeles North region with the hiring of Josh Caruana as market leader to oversee its Glendale, Woodland Hills and Oxnard offices. It also hired Patrick McGrath as executive managing director for the South Bay region. Caruana joined the firm from Marcus & Millichap, where he worked in leadership roles in Southern California and Indianapolis. McGrath previously served as chief information officer and president for the West region of Savills North America. The brokerage said Caruana will work to expand its business across the San Fernando Valley, Tri-Cities and Ventura County, California, areas. McGrath's South Bay work will focus on an area with several aerospace, defense and technology firms, in cities such as El Segundo, Torrance, Redondo Beach, Hermosa Beach and Inglewood. Karen Bryant joined Stream Realty Partners as senior vice president of healthcare, with the brokerage saying it is growing its services in medical real estate. Bryant, based at the company's office in San Antonio, will handle healthcare tenant representation, acquisition and development transactions across Texas, the firm said. She joined Stream from Christus Health, where she served as group vice president of strategy and business development. Stream Realty Partners also expanded its Chicago tenant representation team with the hiring of Brian Reaney as senior vice president. Reaney joined the firm from Newmark, where he served as a managing director, and held earlier roles at CBRE and Grubb & Ellis. Investment and finance firm Inland Real Estate Group named Matthew Fries as CEO and president of its division known as Inland Real Estate Investment Corp. The Oakbrook, Illinois-based company said Fries will oversee public and private investment platforms and transactions related to tax-advantaged commercial real estate investments. He joined Inland from Cetera Financial Group, where he served as head of investment products and partner solutions after working at Questar Capital and Securian Financial Services. Colliers said it added industrial brokers Stan Kwak, Selden McKnight, Zac Kolander and Jordan Haynes to its Irvine, California, office as it expands its Orange County services in that property category. The veteran team joined Colliers from Voit Real Estate Services and will handle tenant representation, leasing, development and investment transactions. The brokerage said it added Kwak and McKnight as senior vice presidents, Kolander as an associate vice president and Haynes as a senior associate. New York-based global investment management firm Cohen & Steers said it appointed Diana Shieh as chief operating officer and head of asset management for the company's Private Real Estate Group. Shieh worked previously at Oxford Properties Group, serving as senior vice president and head of U.S. asset management, after earlier work at Madison International Realty. Partner Valuation Advisors hired Matt Stephens as a director in its St. Louis office. Stephens served most recently as director of capital markets at Cushman & Wakefield. He is currently also a Midwest regional lead in Partner Valuation's national multifamily practice and a member of its national self-storage practice, the Chicago-based real estate consulting firm said. National developer Portman Holdings added Alex Barroso as an executive vice president of residential development in Raleigh, North Carolina. Atlanta-based Portman said Barroso will oversee business development, site sourcing, design and construction and initially focus on Raleigh and Central Florida. He joined the company from Vista Residential Partners, where he led development operations for the Carolinas after earlier work at Bainbridge Cos. Hospitality-focused Trinity Investments promoted Jake Lynch to senior vice president of strategic operations, overseeing a global property portfolio from the firm's New York office. He previously served as a vice president at the Miami-based company. Before that, Lynch held executive roles at BRE Hotels & Resorts, Starwood Hotels & Resorts and Marriott International. In this article. * Companies * CBRE Real Estate * Stream Realty Partners, LP Real Estate * Inland Real Estate Group of Companies, Inc. Management of Companies and Enterprises * Colliers Real Estate * Cohen & Steers Finance and Insurance * Contacts * Josh Caruana Vice President / District Manager, Marcus & Millichap * Patrick McGrath Executive Managing Director, CBRE * Karen Bryant Senior Vice President of Healthcare, Stream Realty Partners-Central Texas * Brian Reaney Senior Vice President, Stream Realty Partners, LP * Matthew Fries President & CEO, Inland Real Estate Investment Corporation

Companies with more cash than debt can be financially resilient, but that doesn't mean they're all strong investments. Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers. Financial flexibility is valuable, but it's not everything - at StockStory, we help you find the stocks that can not only survive but also outperform. Keeping that in mind, here are two companies with net cash positions that can continue growing sustainably and one with hidden risks. Net Cash Position: $174.2 million (16.4% of Market Cap) Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Why Should You Sell MMI? Lackluster 1.3% annual revenue growth over the last five years indicates the company is losing ground to competitors Poor free cash flow margin of 3% for the last two years limits its freedom to invest in growth initiatives, execute share buybacks, or pay dividends Shrinking returns on capital from an already weak position reveal that neither previous nor ongoing investments are yielding the desired results At $27.12 per share, Marcus & Millichap trades at 59.1x forward P/E. To fully understand why you should be careful with MMI, check out our full research report (it's free) Net Cash Position: $260.2 million (2.6% of Market Cap) Founded in 1874, Watts Water (NYSE:WTS) specializes in manufacturing water products and systems for residential, commercial, and industrial applications globally. Why Are We Bullish on WTS? 9.3% annual revenue growth over the last five years surpassed the sector average as its offerings resonated with customers Offerings are mission-critical for businesses and result in a best-in-class gross margin of 45.9% Performance over the past five years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue Watts Water Technologies is trading at $297.29 per share, or 26.8x forward P/E. Is now a good time to buy? See for yourself in our full research report, it's free Net Cash Position: $141.4 million (0.8% of Market Cap) Founded in 1992 as a scientifically-driven alternative to traditional contract research organizations, Medpace (NASDAQ:MEDP) provides outsourced clinical trial management and research services to help pharmaceutical, biotechnology, and medical device companies develop new treatments. Why Do We Watch MEDP? Existing business lines can expand without risky acquisitions as its organic revenue growth averaged 15.1% over the past two years Market share is on track to rise over the next 12 months as its 17.9% projected revenue growth implies demand will accelerate from its two-year trend Performance over the past five years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue

IPA Capital Markets, a division of Marcus & Millichap, has arranged $96.7 million in financing from Bank OZK for three industrial properties in Rockford, Illinois. The portfolio spans over 650,000 square feet, including two fully stabilized facilities totalling 503,395 square feet. The properties were developed as build-to-suit facilities for a global pharmaceutical services provider and serve as critical logistics and distribution hubs. The three-year, non-recourse financing will consolidate the stabilized assets and cross-collateralise them to support construction of a third facility of approximately 155,000 square feet. Frank Montalto and Ethan Splan from IPA Capital Markets' Chicago office secured the financing on behalf of Craig Erdmier, a Northern Illinois-based design-build and construction management professional.