REDC Names Two Execs to Commercial Auction Division

Chris Kavanagh and Sarah Cantrowitz join real estate auctioneer REDC as vice president and managing director, respectively, of its commercial real estate auction division. Kavanagh comes to REDC after serving as vice president of dispositions at Granite Investment Group, where he successfully disposed of a $350m commercial and multifamily portfolio. Cantrowitz recently served as director of real estate finance at UBS Investment Bank in New York, and previously served as vice president of real estate finance at Bear Sterns Commercial Mortgage. “We are delighted and excited to announce the addition of Chris and Sarah to our executive team,” Daniel Culler, chief operating officer of REDC’s commercial auction division, said in a statement. “They are well-respected and highly-impactful industry executives with tremendous experience and success in commercial real estate. With their addition to our executive team, REDC continues its rapid growth to take advantage of an array of opportunities in the real estate industry and as we grow our infrastructure to meet real estate opportunities head on.” Write to Austin Kilgore.