Ada Chan joins the firm as Senior Vice President and will oversee capital markets initiatives, including the marquee One Beverly Hills development
Los Angeles, 18 October 2022 – Cain International (‘Cain’), the privately held investment firm led by Jonathan Goldstein, has today announced that former senior banking executive, Ada Chan, has joined the firm as Senior Vice President.
Ada will be based in Cain’s Los Angeles office and will be primarily focused on supporting the firm’s capital markets efforts, including delivery of One Beverly Hills, a 17.5-acre mixed-use urban development in the heart of Beverly Hills.
Ada brings with her 20 years of experience across sectors within the commercial real estate industry. Immediately prior to Cain, she was a Senior Vice President in Bank of America’s Commercial Real Estate Banking group (BofA) for 9 years. During her time at BofA, Ada transacted and closed more than $3 billion in gross loan commitments.
Ada has also held roles in OneWest Bank, iStar and Weintraub Real Estate Group. She started her career in engineering, working for Hathaway Dinwiddie and Swinerton Builders. Ada is a Registered Professional Civil Engineer in California and an active member of Urban Land Institute (ULI) at the Americas and District Council levels, currently leading as the NEXT Americas Co-Chair, Urban Development Mixed Use Council (Silver) Vice Chair, ULI-Los Angeles Advisory Board Member, and ULI-Los Angeles Capital Markets Initiative Council Co-Chair.
Contributing to Cain’s portfolio of high profile developments in major global cities, Ada will lead the capital markets efforts for One Beverly Hills, which represents the unification of several properties including the iconic Beverly Hilton and Waldorf Astoria Beverly Hills. With wellbeing and sustainability at the forefront of its masterplan, One Beverly Hills will be home to over eight acres of botanical gardens featuring over two miles of walking paths. The site is currently one of the largest and most environmentally advanced private real estate development projects underway in the U.S., designed to exceed California’s own ambitious sustainability goals.
In June this year, Aman was announced as the development’s flagship operator which will see the delivery of an Aman hotel, as well as Aman Branded Residences and a new Aman Club, the brand’s private members’ club, as part of the One Beverly Hills masterplan.
Major construction is expected to begin in 2023 and completion achieved in 2027.