McCormack Baron Salazar Promotes Adhi Nagraj to Chief Development Officer
McCormack Baron Salazar (MBS) is pleased to announce the promotion of Adhi Nagraj to Chief Development Officer (CDO). Nagraj will be the senior executive responsible for overseeing the daily project management functions of the company and the work of project manager direct reports.
In this new role as CDO, Mr. Nagraj will assume the leadership for all of the Project Management functions within MBS. He will oversee all project management across the country, including the company’s Western, Midwest, Southern, and Mid-Atlantic regions, and Puerto Rico/USVI. He will also help leadership teams think holistically about the business while also representing the perspectives and functions of direct reports.
“Adhi has shown tremendous passion and commitment to our mission and values, and we look forward to his supporting our business throughout the country and enterprise growth”, says Vincent R. Bennett, President and CEO.
Nagraj has more than 16 years of experience with urban development. He joined McCormack Baron Salazar in 2019 and during his tenure, has built a pipeline of new projects totaling more than 1,400 units, and $1B. In his career, Nagraj has leveraged over $1.2B to develop 2,000 units of affordable, mixed-income, mixed-use, special needs, and transit-oriented housing units, including acquisition and redevelopment of over 1,000 public housing units in San Francisco.
Prior to joining MBS, Nagraj worked for SPUR as San Francisco Director, where he advocated for updates to the City’s inclusionary ordinances to generate more funds for affordable housing, and adherence to strict planning deadlines to expedite approvals for housing delivery. Prior to joining SPUR, he was Director of Development at BRIDGE Housing Corporation. In this role, he supervised a team of Project Managers on Real Estate Development projects totaling over 1,600 units, and $850MM, overseeing financing, entitlements, design, construction, and project schedules.
Nagraj serves on several boards to further enact housing policy. He was recently reappointed to the California Housing Partnership Corporation by Governor Gavin Newsom. His first appointment to the board came in 2016. He is also a board member of the California Housing Consortium. Nagraj recently won a $43MM award from the California Department of Housing and Community Development’s Housing Accelerator Program to enable construction to begin at our project in West Oakland.
Nagraj holds a Juris Doctorate from Columbia Law School and is a member of the State Bar of California. He also holds a Bachelor of Arts in Urban Studies and Biology from Brown University.