Cushman & Wakefield said Wednesday it had appointed Robert Thornburgh, SIOR, CCIM, FRICS as regional president of the Southwest Region, including Southern California, Nevada, Phoenix, Colorado, Utah and Idaho. Based in Los Angeles, Thornburgh will oversee Cushman & Wakefield’s strategic growth of the Southwest, including client service delivery, talent development and recruiting, while developing strong partnerships across the firm’s service lines.

Thornburgh reports to Victoria Malkin, president, Americas Markets for Cushman & Wakefield. “We are thrilled to welcome Robert to Cushman & Wakefield as he takes on this important leadership role,” said Malkin. “His significant experience and expertise of brokerage operations and the fundamentals of our industry combined with his service-oriented approach to clients will help propel our business forward, in the Southwest and across the Americas.”

Before joining Cushman & Wakefield, Thornburgh served as the chief executive of Society of Industrial and Office Realtors (SIOR), the world’s premier organization for industrial and office brokers with more than 4,000 members. While at the helm of SIOR, Thornburgh developed a strategic plan that improved member retention, increased membership and elevated brand recognition throughout the industry. 

“I look forward to this incredible opportunity to lead and further strengthen our deep client relationships throughout the Southwest region, helping investors and occupiers source opportunities in both established and emerging markets,” said Thornburgh. “I am also excited to work more closely and collaborate with Cushman & Wakefield’s highly respected roster of professionals in the Southwest and beyond.”

Continuum Advisors, a national senior housing investment sales and advisory firm, facilitated the sale of Meredith Bay Colony Club, an 85-unit continuing care retirement community (CCRC) in Meredith, NH. The property was sold through a court-directed process for $11 million and the assumption of $10.5 million in resident entrance fee liabilities.

Financially strained for several years, the community was sold with OnePoint Partners serving as the rehabilitation trustee and Continuum Advisors’ David Kliewer and Jay Jordan retained to market the CCRC for sale. The buyer, Taylor Community, is a nonprofit owner and operator also based in New Hampshire’s Lakes Region.

Built in 2008, the 11-acre campus offers a full continuum of care for residents with 41 independent living apartments, 20 assisted living units, 24 memory care units and an additional 18+ acres of undeveloped land for future expansion. The campus features numerous amenities, including an underground parking garage, indoor pool and fitness center.

Courtesy of Sean Moynihan

Newmark Executive Vice President Sean Moynihan, right, with his wife, Angela, and son Jack.

A youth soccer coach-turned-office leasing agent is now the newly minted head of brokerage for Newmark’s Southeast region.

Sean Moynihan has been named the regional managing director and Southeast market leader for the publicly traded brokerage firm, overseeing Newmark’s offices in Atlanta, Memphis, Nashville, Raleigh, Charlotte, Tampa, Orlando, Boca Raton, Miami and Jacksonville. It’s a position that has Moynihan supporting brokers’ efforts to drum up new business as commercial real estate activity increases throughout the Southeast.

“Sean has become an influential part of our organization, helping to lead Newmark’s growth in the Atlanta market and the surrounding region,” Newmark Chief Revenue Officer Lou Alvarado said in a press release.

Moynihan joined Newmark in 2003 after a career as a youth soccer coach in Buckhead and steadily rose to become executive vice president, being named head of the Atlanta office in 2019.

As the leader in one of the country’s hottest office markets, Moynihan’s role has been focused on supporting the brokerage team rather than pursuing real estate deals himself, Moynihan told Bisnow in an interview Wednesday. That role will continue but on a wider geographic scale.

“That’s the beauty of what this is,” Moynihan said. “I’m a true coach. It’s not a player/coach model.”

Moynihan said activity throughout the Southeast has been on the rise, especially in Atlanta where multifamily and industrial are hot; in Boca Raton, which has been an active office market; in Nashville; and in Raleigh, which has seen a burst of life sciences demand. The Southeast doesn’t look to slow down as more companies look to relocate to follow the growing population.

“It’s the Sun Belt, right? The cost and quality of living in the Southeast are very strong and attractive to people,” he said. “I think that’s what’s driving commercial real estate activity.”