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PORTLAND-Countering rumors among brokers, Insignia/ESG tells GlobeSt.com this morning (Wednesday, Sept. 12) that a decision on a new Northwest executive director is not imminent. Western Region Director Bob Shibuya tells GlobeSt.com he is having discussions with several individuals and could give no timeline for the selection of a replacement for Sonna Durdel, , who is taking a one-year sabbatical from commercial real estate.

Local brokers told GlobeSt.com earlier this week that four finalists were being interviewed last week and that a decision would likely be made soon. They also said the company had been making moves to acquire local independent brokerages to further expand its market share. Shibuya categorically denied the rumor, saying the company is always looking to grow but is not currently having any discussions related to an acquisition.

Until a permanent successor is named, the company’s executive director of Property Services David Pogue is overseeing the Pacific Northwest operations. On-the-ground oversight will be managed by Dwight Knapp, who will be charged with the daily operational and administrative tasks in the interim. The company’s regional property management team will be led by Mark Walsh. All development operations will continue to be managed by Monte Haynes.

Shibuya previously told GlobeSt.com the financial package for the new director will depend on the individual. “If the person has deal making abilities like Sonna, we would allow them to be involved in commissions,” says Shibuya, “while someone with a pure management background would likely utilize that component.”

Durdel tells GlobeSt.com she will return in September 2002 and be the company’s top producer. Meantime, she plans to travel to Italy to expand her cooking skills while her new home on Cooper Mountain.

Durdel, a former senior executive in the Koll Company, broke off and founded Forum Properties in April 1990 and promptly won a contract with the Principal Financial Group to manage 1.2 million square feet of industrial and office space she developed for PFG while at Koll.

By 1997, when her company was acquired by Insignia for several million dollars, Forum was overseeing 2.5 million square feet of commercial property, managing development for corporate clients and generating annual revenues of more than $3 million. Since that time, Durdel says she’s grown revenues by 45% per year and turned the operation into a well-rounded real estate services provider with 7.2 million sf under management and $130 million worth of product under construction.

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