PR Newswire, Denver, Colorado: Today, Northstar Commercial Partners announced the hiring of Tim Lorman as the company’s new Chief Operations Officer. Northstar’s Former Chief Operations Officer, Scott Gibler will now be the Chief Investment Officer.
Mr. Lorman brings over 20 years of commercial real estate experience to Northstar, specifically focused on driving growth and managing teams. Prior to joining Northstar, Tim has served as a senior executive at CBRE, Colliers, Serco, TIAA-CREF, and Gensler.
“We couldn’t be more excited to have Tim join Northstar,” stated Brian Watson, Chairman and CEO of Northstar Commercial Partners. “It’s clear that Tim has the expertise and experience to drive significant growth while also promoting a positive company culture.”
As a part of this process, Northstar is pleased to announce that former Chief Operations Officer, Scott Gibler, has accepted a new role as the company’s Chief Investment Officer. In this role, Scott will help vet all major property investment decisions for the company.
“Scott has been a key decision maker for our organization since he started with us in 2016,” continued Watson. “At Northstar, we love promoting our own employees, which is why I was thrilled to give Scott his new CIO title. I have no doubt that Scott’s 20+ years of experience in commercial real estate investing will help us make even more calculated, objective decisions moving forward.”
Northstar specializes in buying vacant and value-add assets in both Colorado and throughout the United States, in order to help stabilize properties, and create jobs and opportunities for thousands of people. The company also develops and owns commercial real estate assets for companies and for its own account, and these consist of office, industrial, retail, medical, senior care, mixed-use, and data center facilities. Since Watson founded the company in 2000, Northstar has been responsible for closing more than 130 deals, and currently has 48 properties in 15 states under its investment, development, and management. The portfolio exceeds $1.3 billion of market value.