May – Briefs/People
- May 08, 2012
Coradino Named CEO of PREIT
Joseph Coradino will become CEO of Pennsylvania Real Estate Investment Trust on June 7, at the company’s annual shareholders’ meeting. He will succeed Ronald Rubin, who will become executive chairman. Coradino has been with PREIT and its predecessor company for three decades. Since 2004, he has been president of both PREIT Services L.L.C. and PREIT-Rubin Inc. Coradino initially worked for The Rubin Organization as senior executive and, later, as CEO until the firm was acquired by PREIT in 1997. He became chairman of PREIT’s board of trustees in 2011, and is a trustee of ICSC.
MacEachron Joins Rockefeller
The Rockefeller Group has named Daniel MacEachron COO of the firm’s development subsidiary, Rockefeller Group Development Corp. He joins the firm from Hines, where he spent more than 20 years in various positions in Houston, New York and San Francisco. In 2006, he was responsible for establishing the first Hines office in India.
Sabatier Named President of Destination Hotels & Resorts
Lowe Enterprises has named James Sabatier president & COO of Destination Hotels & Resorts, the firm’s hospitality-management subsidiary. Sabatier was formerly with Starwood Hotels and Resorts Worldwide, where he oversaw the company’s global investment team as it completed 50 corporate and real estate transactions.
Voit Hires Mark Read
Voit Real Estate Services has hired Mark Read as executive managing director. Read’s primary responsibility in the new role will be to manage and lead Voit’s Irvine, Calif., office. He will also oversee the company’s Orange County, Los Angeles and Inland Empire operations. Read has more than 30 years of experience in commercial real estate, and joins Voit from CBRE Group Inc.
C&W Appoints New EMEA CEO
Cushman & Wakefield Inc. has announced that Carlo Barel di Sant’Albano will oversee the firm’s operations in Europe, the Middle East and Africa as the CEO of Cushman & Wakefield, EMEA, effective July 1. Barel di Sant’Albano was appointed chairman of Cushman’s board of directors in March 2011, and previously served as CEO of Exor, an Italian-based industrial holding company.
Richard Putnam Joins Colliers
Richard Putnam has joined Colliers International as a managing director of the firm’s West Coast capital markets group. He will work to grow investment-sales business in the western region, primarily in institutional office and industrial sales assignments. Putnam previously served as a managing director at RREEF/DB Real Estate, where he was responsible for acquisitions in South Carolina and Denver.
First Washington Realty Names Joshua Brown EVP
Joshua Brown has joined First Washington Realty Inc. as an executive vice president and partner. Brown most recently served as a senior managing director and a member of the management committee of Eastdil Secured. In his nine years at Eastdil, he was involved in more than $20 billion in sales, recapitalizations and discretionary-equity raises.
Grosvenor Names Walters Managing Director in Philly
Grosvenor Fund Management has appointed Chip Walters managing director & head of fund portfolio management in the firm’s Philadelphia office. He will be responsible for the development and management of a perpetual life investment vehicle focused on real estate. Walters joins Grosvenor Fund Management from Prudential Real Estate Investors.