Commercial Real Estate Direct Staff ReportMark Ettenger has stepped down as president of troubled retail REIT Mills Corp.Ettenger stepped down on Aug. 11, but will remain on the payroll through February, according to a regulatory filing by Mills. The filing ...
The founder of the Jenkintown, Pa., REIT has resigned as part of a major restructuring of the company, which has suffered from lackluster financial performance. The restructuring includes the sale of up to $2 billion of properties.
Equity One Inc. has tapped Jeffrey Olson to be its next chief executive officer and president. Chaim Katzman, the current CEO, will continue as chairman of the Board.Olson will join Equity One on January 1, 2007, and will assume his ...
Corporate Office Properties Trust has named a new chief operating officer and chief financial officer. The Columbia, Md., REIT has promoted Roger A. Waesche Jr., to executive vice president and chief operating officer, responsible for investments, asset management, property management ...
Starwood Hotels & Resorts Worldwide Inc. has named Matt Ouimet president of its hotel unit.In the newly created position, Ouimet, who was most recently president of the Disneyland Resort, will oversee hotel operations worldwide for Starwood's nine brands, consisting of ...
Mark S. Weiss, a managing director at Goldman Sachs, has been named president of JER Investors Trust, a McLean, Va., mortgage REIT that has become among the biggest player in the CMBS B-piece market.Weiss, who handled commercial and residential mortgage ...
John Garth, who joined American Mortgage Acceptance Co. as chief operating officer in 2004, is stepping down to "pursue other opportunities," according to a company statement.Garth had joined the New York mortgage REIT from GMAC Commercial Mortgage, where he was ...
Richard I. Gilchrist, president and co-chief executive of Maguire Properties Inc., is stepping down effective Jan. 1.Gilchrist will will continue as an adviser to the Los Angeles REIT for six months, consulting on its development activities. Gilchrist was a senior ...
Robyn C. Stern, the former regional director of structured finance at Ernst & Young, who earlier this year joined Arbor Realty Trust Inc. as executive vice president of asset management, has resigned her post with the mortgage REIT.In an announcement, ...
Patrick J. Callan Jr. has been named president of One Liberty Properties Inc., effective Jan. 3.Callan joins One Liberty, a New York REIT that pursues investments in properties that are net leased to tenants, from First Washington Realty, where he ...
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