JLL has hired former associate Kevin Sheehan to join its multifamily investment sales team.
Sheehan, who had worked for North America Sekisui House, a residential developer based in Virginia, now serves as managing director for JLL Los Angeles, CoStar News reported, citing an announcement by JLL Capital Markets.
In his new role, Sheehan will focus on institutional multifamily investment sales, while serving on an advisory group led by Senior Managing Director Blake Rogers.
Sheehan, before returning to JLL, had overseen Southern California multifamily investments since 2022 for N.A. Sekisui, a unit of Japan-based Sekisui House, one of Japan’s largest homebuilders, according to his LinkedIn page. The firm’s southwest office is in Torrance.
He also worked a stint as director of multifamily capital markets with Walker & Dunlop in Los Angeles. He served as an associate at JLL Los Angeles between 2016 and 2020, after working at Morgan Stanley in wealth management and real estate planning in Chicago.
Sheehan’s return comes during a tumultuous period at JLL, officially known as Jones Lang LaSalle.
New York City dealmaker Bob Knakal left JLL in February, while Carl Muhlstein slipped out of JLL Los Angeles in December to start his own firm.
The executive musical chairs extends to the commercial brokerage sector. In February, longtime New York broker Darcy Stacom left CBRE to launch her own firm. In March, Newmark fired Greg May, its western regional leader based in Irvine. He was replaced by Newmark’s L.A. Market Leader Nick DiPaolo.
— Dana Bartholomew
