Australia-based builder and developer Lendlease is bolstering its operations in Northern California.
The company announced three new principals-in-charge in the Silicon Valley region.
Lendlease promoted John Beccaria to principal-in-charge from project executive. Beccaria joined Lendlease in 2019 and has 25 years of construction management experience in California. He’s worked in design-build delivery, higher education campus management, healthcare, commercial office and residential projects and will now oversee construction operations for Silicon Valley clients.
Robert Smith relocated from Austin, Texas, with 23 years of experience overseeing large mixed-use projects for Lendlease. Smith will focus on projects tied to the contractor’s development partnership with Google, in addition to third-party client work in Silicon Valley.
Lendlease has a major contract with Google to plan and develop four neighborhoods in the Bay Area as part of a multi-billion-dollar mixed-use development.
The developer also hired Spencer Reiner, who has 25 years of experience in Northern California working on projects like the Moscone Center expansion project in San Francisco as project director for Webcor Builders for 11 years. He most recently served as a senior vice president for Fisher Development in San Francisco for three years. For Lendlease, Reiner will oversee the Hayes Point project, a 333-unit mixed-use development in San Francisco.
The effects of the COVID-19 pandemic hit Lendlease hard, with CEO Tony Lombardo calling its fiscal 2022 a “reset year” during the company’s first half earnings call in February. By the end of the second half of the fiscal year, the builder had lost over $68 million, though that was substantially better than the first half.
Nevertheless, the contractor reported it had $80.5 billion in the development pipeline and $7.2 billion in backlog. The Google project alone is likely worth $15 billion, and isn’t expected to wrap until 2038.