Chicago’s Murphy Real Estate Services names new president

Chicago’s Murphy Real Estate Services promoted David Ariola to president.

Ariola will serve as the firm’s primary representative for capital formation, leading efforts to build and deepen Murphy Real Estate Services’ capital partner relationships across its multifamily platform.

Murphy Real Estate Services is actively advancing a pipeline of multifamily projects across its value-add acquisitions and ground-up development platforms.

Ariola brings more than 30 years of executive-level real estate experience to his new role. During his career, he has overseen more than $2 billion in large-scale development projects across a wide variety of product types.