Jacque Ducharme, president of the national commercial real estate services firm, will increase his presence in California by assuming the added role of West Coast regional. Howard Sadowsky, the brash New Yorker who founded Studley's Downtown LA office in 1971, will continue to act as vice chairman and director for the firm, but will do so while increasing his focus on the company's leasing and investment sales activity in California.Bruce Schuman, senior vice president responsible for Southern California operations, will remain branch manager of the firm's West LA office. Sadowsky and Schuman have worked together to manage the brokerage firm's Southland operations over the past several years.
Executive vice president and member of the board of directors Seth Dudley, previously co-branch manager of Studley's West L.A. office, will now have the job all to himself, while his former co-manager, executive vice president Mark Sullivan, will serve as branch manager of Studley's Downtown Los Angeles office. Royce Sharf, corporate vice president, will continue to act as branch manager of the Orange County office.The announcement is the latest in a string of organizational moves launched by different brokerage firms, prompted in part by an effort to streamline their operations and improve profitability as the commercial real estate business slows.
Cushman & Wakefield recently made several changes in its California structure to accommodate its acquisition of LA-based Cushman Realty, while Chicago-based Grubb & Ellis announced plans to eventually put its regional managing directors across the US in charge of all business in their particular territories instead of focusing on only one or two business lines.
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