President / Chief Executive Officer

Mr. Stay complements CM&D with a wide range of real estate development, acquisitions, business development, and project and asset management experience. His background and proven track record allow him to further CM&D’s global reach while overseeing the successful completion of all current projects both in the US and abroad.

Over the past decade Mr. Stay has gained experience in government contracts, residential and commercial development, asset management, project management, and business consulting. Recently, Mr. Stay has specialized in US as well as Global projects including residential mid-rises, single family master plan subdivision, student housing, hotels, commercial retail and industrial campuses. He has built extensive networks with the Capital Markets, including institutional investors, lenders, private equity firms, special servicers and owner/developers.

Education:

University of Arizona, Architecture San Diego Mesa College, Economics

Meet The Leadership Team

For the past 30 years, Construction Management & Development, Inc. has been providing comprehensive development and project/construction management services throughout the United States and the world with the purpose of mitigating potential risks, protecting our clients’ investment and maximizing their return on investment.

James B. Salter

CCI, CCBM – Founder

Mr. Salter’s career in the construction industry spans over three decades. He is presently a building and development consultant for numerous redevelopment agencies throughout the western United States.

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Paul Wickman

Chief Financial Officer

Mr. Wickman brings to CM&D over 29 years of experience in the Finance industry holding key positions in the accounting, budgeting, reporting, forecasting and strategic planning functions.

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Demos Pragastis

Chief Operating Officer

Mr. Pragastis is capable of managing multiple teams on technically complex and schedule-intensive projects, from design development through construction and completion.

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John G. McAustin

Managing Director, Los Angeles Office

Mr. Pragastis is capable of managing multiple teams on technically complex and schedule-intensive projects, from design development through construction and completion.

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N. Espen Segal

Managing Director, New York Office

Mr. Segal is currently a Managing Director at CM&D, overseeing multiple teams on projects in New York City, from ground-up high rise hospitality to ground-up high end condominiums.

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