Irvine, Calif.—Kevin Hayes, former senior vice president for Lincoln Property Co., has established Pendulum Property Partners, a fully integrated real estate firm that owns, operates, develops and manages commercial and multifamilyassets. Based in Irvine, Calif., the company already has a rich portfolio, consisting in 2.8 million square feet of office, retail and industrial spaces, and more than 800 apartments in San Francisco, Los Angeles, Orange County, Hawaii and Las Vegas. Pendulum focuses on value-add investments in Southern California, primarily.

Source: Commercial Property Executive