COSTA MESA, CA-Lawrence Casey has been named president at locally based shopping center developer Donahue Schriber, adding to his duties as COO. David Mossman, Donahue Schriber’s executive vice president of acquisitions, dispositions and development, has also stepped into a new role. Mossman is now serving in the newly created role as chief investment officer for the company.
During his more than 33 years in real estate and investment, Casey has managed over $4.5 billion of assets nationally. Casey joined Donahue Schriber in 2000 as its CFO, overseeing the restructuring of the company’s debt, which included a $475 million line of credit.
Casey’s advancement comes on the heels of the retirement of Donahue Schriber co-founder and chairman of the board, Thomas Schriber, in May, as GlobeSt.com previously reported. Schriber relinquished his role to president, CEO and 30-year company veteran, Patrick Donahue, as part of a planned succession. Donahue Schriber founders, the late Daniel W. Donahue and Thomas L. Schriber, envisioned a succession plan that would utilize the pool of talent that had demonstrated the ability to lead the company, according to a prepared statement.
As a 14-year veteran of the company, Mossman has overseen in excess of $1 billion of new property acquisitions, dispositions and development projects.
Donahue Schriber has been involved in nearly 32 million square feet of retail properties within its 41-year history. Structured as a private REIT, the firm owns and/or operates a portfolio of 83 neighborhood, community, community lifestyle and power shopping centers representing over 13 million square feet throughout California, Nevada, Arizona and Oregon.
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