Real Estate

LaSalle appoints portfolio manager for custom account business

Steven Lieb joined LaSalle Investment Management as a portfolio manager in the real estate manager's U.S. custom account business, said Matt Schuler, spokesman.

Mr. Lieb is replacing George Duke, a portfolio manager who will be retiring at the end of 2017. Mr. Duke is based in Baltimore and manages close to $3 billion in separately managed accounts that includes industrial, multifamily, office and retail properties.

Mr. Lieb was an executive vice president at real estate money management firm Heitman. Heitman spokeswoman Margot Olcay could not be immediately reached for information on Mr. Lieb's replacement.