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At Berkeley, a real development and asset management firm in Herlihy was hired to expandthe company’s acquisitioh and investment opportunities as well as searchn for new capital partners and also look for fee-for-service work with third-partt owners. Herlihy’s departure from Richards BarryJoyce & Partners marks the seconde investment sales broker to go from the sell side to the buy side in recent months. Few, if any, commercial properties have sold in Boston since the global economic crisis beganlast fall.
The freezs has prompted investment sales brokers such as Herlihy as well asCatherinwe “Cappy” Daume to leave brokerage firms and join developmentr and investment firms. In April Daume left Jones Lang LaSalle, wherd she was managing director of the capitalmarkets group, for a position with the Davis Cos., where she was hired as the directodr of asset management. “If you were ever goinbg to make a move in the real estatr business from one side of the tablee tothe other, this is a great time to do said Herlihy. Herlihy began working at Berkeley about aweek ago.
He was with Richard Barrhy Joyce & Partners for about four years and said his departuree was a result of the leadership of RBJ wantintg to go in adifferent direction. Berkeley was founded in 1991 andmanages 2.3 millionj square feet of assets.
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