The Woodmont Cos.
Carol Bracken has been named general counsel and president of the Investment Services group of Fort Worth, Texas-based The Woodmont Cos. Prior to joining Woodmont, Bracken was an attorney with the Fort Worth law firm of Law, Snakard & Gambill for 18 years.
CB Richard Ellis
Los Angeles-based CB Richard Ellis has promoted Richard Rizika to the position of senior vice president. Rizika began his career with CB Richard Ellis in 1986 and was the company's “Rookie of the Year” for the northeast region in 1987.
Faris Lee Investments
Richard Walter has been appointed senior managing director of Irvine, Calif.-based Faris Lee Investments. He will be directly responsible for growth and new markets. Walter previously was president of MortgagePlan, and has over 27 years of real estate experience with emphasis on commercial properties.
Keith James of Jack Rouse Associates replaced Brian Edwards of Edwards Technologies as president of the Themed Entertainment Association.
Felenstein Koniver Stern
Michael Finkle has been hired to fill the newly created position of managing director for Miami Beach-based Felenstein Koniver Stern Realty Group. Most recently, Finkle was a principal with Divaris Real Estate.
Trammell Crow Co.
Dallas-based Trammell Crow Co. has announced the appointment of Jeffrey Morris to vice president of retail development. He will be working out of the company's San Diego office. Morris was formerly vice president of leasing and development for San Diego-based Landgrant Development.
Goodlettsville, Tenn.-based Dollar General Corp. has picked James Hagan to replace Brian Burr as the company's executive vice president and CFO. Hagan had been CFO of Central Parking Services, and has served in similar positions with Revco Drugs and Bruno's.
Colliers International Property Consultants
Margaret Wigglesworth, president of Colliers International Property Consultants USA, has been named to serve on the National Association of Realtors (NAR) Commercial Alliance Advisory Board. It will be her second term.
Katz & Associates
New York-based Katz & Associates has promoted Sandi Danick to vice president of the New York region. She had been director of real estate for the firm since July 1999.
Cousins signals beginning of new era with appointment of new COO R. Dary Stone
One of the most highly regarded executives in the real estate industry, Dan DuPree, has resigned from Atlanta-based Cousins Properties. The position of president and COO will be filled by R. Dary Stone, chairman of Cousins Stone LP. Cousins bought a 50% interest in Stone's Dallas-based company in 1999, and Stone has been affiliated with Cousins ever since.
Usually, losing someone as highly regarded as DuPree could cause concern for Cousins stockholders, but analysts don't seem worried. Lehman Brothers continues to list the stock as a buy, even though DuPree was considered an unknown when he was first hired five years ago.
However, Cousins' direction as a company may change under Stone. Stone's background is in office development, while DuPree's background was in retail. As a result, it is likely that Cousins will emphasize office over retail development in the future, Lehman Brothers notes.
In addition to his real estate career, Stone is a fixture on the Texas political scene. He has served as campaign manager for current Texas governor Bill Clements, and is a former chairman of the Texas Finance Commission.