Simon DeBartolo Group Karen D. Corasaro and Andrew Halliday have been named co-presidents of the Indianapolis-based REIT's new Simon Brand Ventures business unit.
Kensington Investment Co. The Grand Circle Corp. affiliate, which specializes in acquiring, managing and developing real estate assets in Boston, Cambridge, New Hampshire and Munich, Germany, has added Ralph Cole as president.
Resort Condominiums International LLC The Indianapolis-based subsidiary of HFS Inc. has appointed Ron E. Jackson president and chief operating officer of RCI North America. Most recently, he was chief operating officer for Chartwell Leisure, New York.
AFC Realty Capital Michael H. Sonnabend has joined the New York-based investment banking firm as managing director. Previously, he was senior vice president of Bender and Co. Inc. in Livingston, N.J.
Insignia Commercial Group Inc. Robert Shibuya has been promoted from senior managing director to executive managing director for the company's Irvine, Calif.-based West Division. He will oversee Insignia's management portfolio of office, industrial and retail properties located throughout California.
Birtcher Senior Housing Debbie Aguirre has been appointed senior vice president of the firm, which is a member of the Laguna Niguel, Calif.-based Birtcher Enterprises family. She will be responsible for directing day-to-day management of all development operations.
Cushman & Wakefield The New York-based real estate services firm has appointed Patricia L. Crumley to managing director, Corporate Services. Based in C&W's downtown Chicago office, she will be responsible for overseeing corporate services activities in the central United States.
Prudential Real Estate Securities Investors Robert McConnaughey has been named managing director and senior portfolio manager of the new unit that will invest in REITs and other publicly traded real estate entities on behalf of Prudential's institutional clients.
Faison-Stone Inc. Scott Ozymy has been promoted to managing director of the Irving, Texas-based full-service commercial real estate company.
As part of its merger with Koll Real Estate Services, Los Angeles-based CB Commercial expanded its management team, naming Brett White president of its core brokerage business.
NREI: What special qualities or experience do you feel you bring to the new job?
White: I joined CB Commercial in 1984. Over the past 14 years I have done work in every division of the company. I have had the unique opportunity of working both on the sale side, where I gained invaluable lessons and understanding of our clients, and I have worked for the past seven years on the management side, where I have learned the needs of our employees. This background allows me to uniquely bridge client requirements with our service organization.
NREI: What are your goals for the unit?
White: I would like to fully realize our vision of a vertically integrated, globally capable services firm bringing to our clients the best products and services available anywhere. I would further define our goals to say that we are driving towards the "one enterprise-one vision" services firm. Our ability to marshall the resources of a 6,400-employee firm towards the needs of every one of our clients, large and small, will determine our success or failure in the coming years.
NREI: What challenges do you see arising from the merger with Koll and the company's reorganization?
White: I have never before seen two firms come together where there has been so much synergy between the organizations and so little conflict. We have found incredible strategic synergies between the two firms. An example of this is the Koll corporate facilities management business. We discovered during our exploration of the Koll organization that they had built one of the preeminent facilities management firms in the country. The vast synergy and opportunity that results in marrying a facilities management capability with all the resources and the distribution network that CB Commercial brings to the table is truly incredible.