From left: Arden Hearing, Spencer B. Kallick, Mark Nicoletti, Adam Candler and David W. Kidder
Construction giant Lendlease has hired Arden Hearing as executive general manager for West Coast development. Hearing will oversee development in California, including in L.A. and the Bay Area. Lendlease is partnering with Google in a $15 billion deal to develop about 15 million square feet of mixed-use communities on Google’s vast Silicon Valley properties.
Hearing comes to Lendlease from San Francisco-based Forty-Six North Advisors, where he was a partner. Previously he worked at Trumark and its urban development offshoot Trumark Urban.
Century City-based business law firm Allen Matkins has two new partners in its real estate department. Spencer B. Kallick joins the firm as a land use partner. Kallick specializes in land use entitlements and compliance with the California Environmental Quality Act, and joins Allen Matkins from Glaser Weil.
Mark Nicoletti joins the firm as a real estate partner and will mostly work with investors, lenders, and other parties in transactions and financial matters. He also represents commercial landlords and tenants in lease negotiations and lease preparations. He previously worked for Sklar Kirsh.
Detroit-based commercial lender Bloomfield Capital has brought on Adam Candler as an associate at its Los Angeles office, specializing in commercial loan originations. The former U.S. Navy rescue swimmer spent a short time as a commercial loan officer at Westwood-based Arixa Capital before joining Bloomfield. Prior to Arixa, he spent four years at George Smith Partners.
Newport Beach investor Landmark Capital Advisors is rebranding to Landmark Real Estate and is expanding into direct lending with the help of a majority investment from Kraemer Land Company. Previously, Landmark acted purely as an advisor linking borrowers with lenders, including Kraemer. Now backed by Kraemer, Landmark will handle debt and equity deals, itself.
Landmark Real Estate President and Managing Principal David W. Kidder said the firm will continue to work in an advisory capacity for borrowers and outside lenders. It’s aiming for direct deals of $15 million or less.