Avison Young Principal John Fenton to focus on investment management
TORONTO, Dec. 11, 2012 /CNW/ - Mark E. Rose, Chair and CEO of Avison Young, Canada's largest independently-owned commercial real estate services
company, announced today the strategic hiring of Rick Kimball as Managing Director of its New England operations.
Effective immediately, Kimball also joins Avison Young as a Principal. A
30-year commercial real estate industry veteran, he was most recently
Senior Vice-President at DTZ and, prior to that, President and CEO of
In his new role at Avison Young, Kimball will focus on overseeing the
growth and development of Avison Young's New England region, service
new and existing clients, and manage the day-to-day operations of the
Avison Young Principal John Fenton, former Managing Director of the region, will take on several new
responsibilities in New England that will specifically target growth in
the firm's investment management business, including asset management,
property management and leasing.
"We're thrilled that Rick Kimball has decided to join us as we continue
our rapid expansion phase in the United States," comments Rose. "Rick
is a proven industry leader and has enjoyed a very successful career in
all sectors of commercial real estate. In his capacity as Managing
Director, he will lead our New England region into our next phase of
growth. Avison Young will be able to capitalize on his excellent
recruiting and business-building skills as he drives our New England
business into new product lines and submarkets."
Today's announcement comes on the heels of Avison Young opening a new
office in Denver last week, and the strategic hiring of industry
veterans Michael Smith, Scott Jamieson and Brandon Dickason one month ago to further expand the firm's capital markets business in
the New England region.
"We're excited to have Rick join our team during this unprecedented
period of growth in Avison Young's history. He is a highly regarded
real estate professional with a successful track record of building and
running great real estate organizations," states Earl Webb, President, U.S. Operations, for Avison Young. "He has also worked
extensively with clients throughout his career in helping them solve
complex real estate issues."
"With Rick overseeing day-to-day operations, John Fenton will be able to
focus on his core specialties while helping to strengthen our asset
management, property management and leasing services in New England.
John has played a critical role in the development of Avison Young's
Boston-area business, and we're thrilled that he is continuing with us
in areas that really cater to his skills and experience."
Avison Young opened its Boston office in October 2010 with the
acquisition of Boston-based Essex River Ventures, Inc. (ERV), a real
estate investment and property management company founded by Fenton in
2003. Over the past two years, Fenton has led the formation and growth
of Avison Young in the Boston market, growing the office from five to
"It's a good time for me to turn the reigns over to Rick as he has spent
his career leading and growing commercial real estate companies," says
Fenton. "I can now turn my attention back to the investment and asset
Kimball says he looks forward to being part of Avison Young's unique
ownership model. He also welcomes the opportunity to expand Avison
Young's New England operations by using the firm's collaborative
approach to providing comprehensive real estate solutions for clients.
"Avison Young's leadership has a clear vision of why, how, where and
with whom it wants to grow the Avison Young platform," says Kimball.
"The opportunity to capitalize on the Principal-led structure of the
company, build on the momentum that has been created during the past
two years in the U.S., and benefit from the sterling reputation
established by the Canadian professionals, made joining Avison Young
very easy. I look forward to growing our differentiated client-centric
service model to new and existing clients in the New England region."
Over the past three and a half years, Avison Young has grown from 11 to
43 offices and from 300 to more than 1,100 real estate professionals
across Canada and the U.S.
To date in 2012, Avison Young has opened new offices in Reno, NV;
Bethesda, MD; San Francisco, New York City, Charleston, SC; Pittsburgh,
New Jersey, South Florida, Detroit, Raleigh-Durham, Irvine and Denver.
The firm also acquired Maryland-based Realty Management Company, Las
Vegas-based Landry & Associates, Los Angeles-based Starrpoint
Commercial Partners, Inc., New Jersey-based The Walsh Company, LLC, and
Raleigh, NC-based Thomas Linderman Graham Inc. in 2012.
Richard Kimball brings to Avison Young three decades of real estate
industry experience. He is a senior corporate executive with
broad-based experience in all facets of the real estate spectrum,
including driving global portfolio strategy, transaction delivery,
project management, integrated facility management and outsourcing
initiatives. These professional skills have been augmented by strong
leadership acumen that has helped grow service-delivery platforms by
successfully driving business development, recruiting and strategy at
local, regional and international levels.
As Senior Vice-President (2010-2012) at DTZ, a UGL Company (DTZ),
Kimball was responsible for all facets of the firm's business,
including management of the Boston office and senior broker recruitment
nationally. Prior to these roles, he served as President and CEO of GVA
Worldwide, where he was responsible for overseeing all operations
across North America. Kimball spent 17 years (1982-1999) as Senior
Vice-President at CBRE prior to serving as Executive Vice-President and
Director of Corporate Services and Business Development for Colliers
International (1999-2007), and Executive Vice-President and Director of
the Americas for NAI Global (2007-2009). Kimball is a graduate of New
England College and holds a Bachelor of Arts in business and economics.
He is a member of CoreNet and active in SIOR, ULI and NAIOP.
In February, Avison Young was named a winner of Canada's 50 Best Managed Companies program for 2011, sponsored by Deloitte, CIBC, National Post and Queen's School of Business.
Founded in 1978, Avison Young is Canada's largest independently-owned
commercial real estate services company. Headquartered in Toronto,
Ontario, Avison Young is also the largest Canadian-owned,
principal-managed commercial real estate brokerage firm in North
America. Comprising more than 1,100 real estate professionals in 43
offices across Canada and the U.S., the full-service commercial real
estate company provides value-added, client-centric investment sales,
leasing, advisory, management, financing and mortgage placement
services to owners and occupiers of office, retail, industrial and
For further information/comment/photos:
Sherry Quan, National Director of Communications & Media Relations, Avison Young: (604) 647-5098; cell: (604) 726-0959
Mark Rose, Chair and CEO, Avison Young: (416) 673-4028
Earl Webb, President, U.S. Operations, Avison Young: (312) 957-7610
Rick Kimball, Principal and Managing Director, New England, Avison Young: (617) 758-8271
Avison Young is a winner of Canada's 50 Best Managed Companies program for 2011, sponsored by Deloitte, CIBC, National Post and
Queen's School of Business
Follow Avison Young on Twitter:
For industry news, press releases and market reports: www.twitter.com/avisonyoung
For Avison Young listings and deals: www.twitter.com/AYListingsDeals
Follow Avison Young Bloggers: http://blog.avisonyoung.com
SOURCE: Avison Young Commercial Real Estate (BC)
For further information:
(604) 647-5098 or (604) 726-0959 cell