According to Savills, David Monahan has joined the company as senior vice president at the firm's N.Y.C. office. Monahan will play a pivotal role within the firm's investment sales practice, with a focus on retail and office transactions. He previously served as a managing director of DTZ Rockwood. During his 10 years with the firm, Monahan arranged $5 billion of equity real estate transactions, chiefly in the retail and office markets. Prior to joining DTZ Rockwood, he worked for Lend Lease Real Estate Investments where he served as a member of the firm's investment sales group. Working on behalf of Lend Lease advisory clients, Monahan assisted on $1.5 billion of asset sales.
During his career, he has worked with General Growth Properties, Heitman, ING Clarion, Investcorp, and Morgan Stanley among other large-scale institutional and private investors.
"The sale of retail and office assets is a critical part of our real estate investment banking platform," said Gerard Mason, executive managing director of Savills. "David Monahan brings a depth of experience in real estate capital markets that includes a wide spectrum of property types, investors and markets."
"There are many opportunities to be tapped within the retail and office investment sales markets going forward," said Monahan. "The Savills team has a proven track record of closing complex and large deals - - and I am excited to build on our collective momentum in the future." Tags: