U
.S. Bank has named Adrian Montero manager of commercial real estate for its western region. He will guide financing of projects in California, Arizona and Nevada, splitting time between downtown Los Angeles Orange County. Montero said a presence in L.A. is essential, noting the city’s importance for multifamily development where markets are stabilizing.

    Because Los Angeles drives global trade, the bank will focus on industrial and logistics assets and on mixed‑use developments that combine residential and commercial uses. Montero pointed out that, unlike Arizona and Nevada where space is plentiful, Southern California’s limited land and high density push the focus toward multifamily and mixed‑use projects.

    He will focus on projects that manage construction and insurance costs, high interest rates, and land constraints, which curb supply and push developers toward higher‑density solutions. Although some projects paused earlier this year, activity is resurging, in multifamily and retail, which remain resilient.

    In Northern California, Montero sees the strongest prospects in retail and industrial sectors, in East Bay and Peninsula, while office markets stay cautious amid hybrid work trends.