"We just felt like we are stronger together than we were apart,"Gibson tells GlobeSt.com. "We're going to look for opportunitiesacross many segments."

|

Gibson now serves as COO of Konover South and will maintain hisseven-employee office in Coral Gables. Konover South now has 25total employees, according to David Coppa, a principal with thecompany.

|

"Ford has both a sterling reputation and diversity of expertisethat are second to none, and we are looking forward to theopportunities he will bring," Coppa says. Gibson adds that his firmhad been looking to partner with Konover South for some time, but amerger makes more sense in the current real estate market.

|

Terms of the merger were not disclosed, and Gibson says it isdifficult to approximate the true value of the transaction giventhe ongoing recession. However, he specifies that the slumpingmarket did not necessitate the move: "In good times and bad times,it's a marriage that was meant to happen."

|

Gibson has been a commercial real estate executive in SouthFlorida since 1990, when he headed up Miami-based CodinaDevelopment. He became president and COO of parent Codina Group,succeeding former Gov. Jeb Bush, and held the position until 2004when he launched Gibson Development Partners.

|

During his time with Codina, Gibson was responsible for managing16 million square feet of prime commercial real estate. Hisindependent projects include the $60-million Plaza San Remo inCoral Gables as well as the new headquarters of the FedEx OrangeBowl Committee, for which he serves as vice chairman.

|

A retired captain of the US Naval Reserve, Gibson has abachelor's degree in construction from Clemson University and anMBA in finance from Tulane University, and has completed advancedstudies at Harvard University and the Massachusetts Institute ofTechnology. He currently serves on the NAIOP National OfficeDevelopment Forum and the Urban Land Institute's National OfficeDevelopment Council.

|

Konover South currently owns and manages 1.5 million square feetof retail space, and previously developed or acquired more thanfive million square feet that were mostly sold in the mid-1990s.Its West Hartford, CT-based parent company is a full-serviceorganization serving all commercial property lines.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.