Sares Regis Group of Northern California Appoints Co-CEOs Drew Hudacek and Dave Hopkins
Sares Regis Group of Northern California announced that Drew Hudacek and Dave Hopkins will serve as co-CEOs, effective September 9. Both have extensive experience within the firm—Hudacek has been with Sares Regis for over two decades, while Hopkins joined in 2007. The leadership change reflects a strategic shift to strengthen executive management across development and capital operations. Despite strong demand in Northern California's rental market, rising financing costs continue to pose challenges for new developments. Hudacek highlighted the uncertainty around valuations due to volatile interest rates, which affect both equity and debt availability at project inception as well as future asset sales or refinancing. The firm is focusing on entitlements that may not break ground until 2027 or later. Sares Regis Group of Northern California has a long track record in the region, having developed over $7 billion worth of commercial properties and with more than 2,800 residential units currently in development. The firm remains optimistic about its position in California's multifamily market despite some competitors exiting due to political or financial risks.
Topics: corporate_leadership multifamily_development real_estate