CRE N Illinois

David Carlins appointed CEO of Magellan Development following new investor parnership

David Carlins appointed CEO of Magellan Development following new investor,ph1
David Carlins
Magellan Development Group

David J. Carlins has been appointed CEO of Magellan Development Group. Following the completion of a capital investment and venture partnership with Winter Properties and BLG Capital Advisors, Magellan co-founders Jim Loewenberg and Joel Carlins will apply their three decades’ experience to advisory roles as chairmen emeritus.

Building on his 15-year tenure as president, David Carlins will lead the development initiatives and day-to-day operations of the company. As CEO, David Carlins will supervise the company’s development, construction management and sales departments. He is the primary contact for financial structuring of all Magellan projects and is also heavily involved in the design, construction and marketing phases of all Magellan projects.

“I am honored to carry on the legacy and values that my father and Jim have created at Magellan and am energized to lead the company as it takes these exciting next steps,” said David Carlins.

David Carlins is a 22-year veteran of Chicago’s real estate industry and spearheads many of Magellan’s philanthropic endeavors as well as serving as a board member for the Chicago Youth Program. He holds a BS degree in education from the University of Wisconsin, Madison and a JD from Loyola Law School. He is licensed to practice law in Illinois and is a licensed real estate broker.

Chicago-based Magellan Development Group, a vertically integrated developer, owner and operator specializing in mixed-use, urban high-rise development, has developed more than $5 billion of residential, mixed-use and commercial projects around the country. In Chicago, they have defined the River East master planned community with properties including Aqua, The Chandler, The Regatta and the under-construction Vista Tower and Cirrus, among other projects. Winter and BLG will be active strategic partners with a combined 50 percent equity interest, playing key roles in accelerating Magellan’s growth trajectory as a leading national development, management and real estate investment platform.