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Real Estate Professionals Making the News
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Real Estate Professionals Making the News The Network of Commercial Real Estate Women (CREW Network) (212-841-5965) a national trade organization comprised of nearly 5 000 women executives with the entire range of expertise across the commercial real estate industry has formed a new chapter New York Commercial Real Estate Women (NYCREW). Dottie Cunningham chief executive officer of Commercial Mortgage Securities Association and Marlyn A. Pauley a director of Strategic Agency Services at the commercial real estate services firm Cushman & Wakefield spearheaded the effort to form the New York chapter. Equity One Inc. (305-947-1664) completed its acquisitions of Centrefund Realty Corporation and United Investors Realty Trust and now owns 84 properties encompassing over 8.6 million sq.ft. with a focus on grocery-anchored shopping centers in FL and TX. Centrefund was acquired from the First Capital Corporation for 10.5 million shares of Equity One common stock and the assumption of $149 million of Centrefund’s debt. United Investors was acquired from its stockholders by a payout of $32.9 million and the outlay of 2.9 million shares of common stock. The stock outlays increased the outstanding shares of Equity One Inc. by 78%. Tweeter Home Entertainment Group Inc. (781-830-3000) hired Bruce Levy as vice president of real estate. Levy will be responsible for new store development and strategic real estate planning for the home electronics retailer. Levy joins the company from Gateway Inc. where he served as director of global real estate and facilities. At Gateway Levy was responsible for the opening of 350 stores and corporate facilities. Tweeter plans 10 openings in the coming six weeks.United Commercial Realty/ChainLinks (214-526-6262) has formed a new company in partnership with PRIZM Partners to add third-party property/asset management services to the companies list. The company will be called United Commercial Property Services and Scott Weaver and Dan Smalley will serve as chief executive officer and president respectively. Both companies will continue to operate independently of the partnership.McKinley Associates Inc. (734-769-8520) named Randolph J. Taylor as special project coordinator for its commercial portfolio. With extensive real estate experience Taylor joins the company to manage its retail properties in Indianapolis IN and its high tech incubator at the First & Miller Technology Center in Ann Arbor MI. Taylor will also work to identify and evaluate potential acquisitions.Crown Realty & Development (949-476-2200) hired Don Smith as vice president of acquisitions. Smith will be responsible for identifying and recommending strategies to complete the acquisition of retail properties that fit the company’s investment goals. The company plans to acquire over $50 million in property before the end of 2001. Smith joins the firm from Pacific Coast Investment where he was a partner. Smith has served at such firms as Grubb & Ellis BRE/NAI and Lee & Associates. Realty Income Corporation (760-741-2111) promoted Gary N. Malino to president and chief operating officer. Malino had served as executive vice president chief financial officer and treasurer for the company. Malino has been with the company for 16 years including the last eight on the company’s investment committee. The company hired Paul M. Meurer to replace Malino as executive vice president chief financial officer and treasurer. Meurer joins the company from the real estate investment banking group of Merrill Lynch & Company where he served as a director. Meurer has previously served with General Atlantic Partners and Goldman Sachs & Company. Donahue Schriber (714-545-1400) hired Kathleen Fox as a senior leasing representative for the company’s third party leasing division. Fox will be responsible for leasing such projects as Anaheim Plaza and Anaheim Hills Festival in Anaheim CA and the Clairemont Town Square in San Diego CA. Prior to joining Donahue Schriber Fox served as a senior associate at Strategic Retail Advisors and has also served in the retail commercial division of CB Richard Ellis. JBG Rosenfeld Retail (301-657-0700) has changed its company name from JBG Rosenfeld Retail Properties. The company was formed as a joint venture between Rosenfeld Realty and The JBG Companies in 1995. Since its formation the company has focused on tenant representation and brokerage services and the name change is to reflect that diversification. The Mills Corporation (703-526-5000) announced the resignation of Peter B. McMillan as the company’s president and chief operating officer. McMillan oversaw the transition of the company from private to a public REIT and has been responsible for the growth of the company’s portfolio from four centers at initial public offering to 12. Laurence Siegel the company’s chairman and chief executive officer will assume McMillan’s duties as the company considers options for the vacated position. Katz & Associates (949-597-3535) hired Patricia Barnett as director of real estate for the western region. Barnett will be responsible for representation of the company’s clients throughout the western U.S. Barnett joins the firm from the Consolidated Stores where she served for over five years as west coast real estate manager. Barnett has served previously as an analyst with Thompson Associates. Perkowitz + Ruth Architects (P+R) (562-628-8000) named Charles F. Garrison RA to the position of director eastern region. Garrison is responsible for business development and operations of P+R’s practice in the eastern US. Garrison brings to the company more than two decades of experience in project management design construction client relations and business management.
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