TIAA-CREF Asset Management has opened an office in London, its first international office. The new location will be staffed by local investment professionals who will extend TIAA-CREF Global Real Estate's activities in the U.K. and Europe to broaden the firm's access to new value-add and long-term investment opportunities. "This office will strengthen and enhance our global real estate platform in the United Kingdom and Europe, which will help us to continue to grow and actively manage our real estate investment portfolio in these markets and beyond," said Tom Garbutt, managing director and head of TIAA-CREF Global Real Estate.
Joanne Taylor was named chief operating officer of the Housing Development Fund (HDF) in Stamford, Conn. She has more than 20 years of experience in real estate restructuring, MBS, relationship management and management consulting, as well as commercial banking. Before joining HDF, Taylor previously served as vice president of insured portfolio management at MBIA Insurance Corp. She also held management positions at the former Chase Bank, now JPMorgan Chase, and the Mitchell Madison Group in New York.