11/8/05: Last week’s Executive Watch focused on the fact that Meg Whitman is the CEO of a company that is comparable to all 23 office REITs combined in terms of market capitalization. A closer look will also reveal that not one of these REITs has a woman at the helm. A recent benchmarking study conducted by Commercial Real Estate Womenand 10 other industry associations makes it clear that women still haven’t reached the top echelon, either in terms of compensation or in C-suite status. In an upcoming UpClose interview on GlobeSt.com, Ginger Bryant, 2005 president of the CREW Network,reveals her belief that, although women are definitely gaining stature in senior-management positions, the top prize is still elusive. The real hope is that one day a column like this won’t need to be written, and the likes of Meg Whitman will be commonplace in this industry.
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RVI GROUP (STAMFORD, CT) Ted Zarembo with the RVI Group earns a “Fellow” standing with Royal Institution of Chartered Surveyors in London in conjunction with an agreement with the US-based Counselors of Real Estate.
INTERCONTINENTAL REAL ESTATE (BOSTON) After 14 years with the company, David S. Carella rises to director of finance and accounting. His duties include directing all accounting aspects, reporting and risk management activities for Intercontinental Real Estate Corp. in conjunction with the executive committee. He previously was director of performance measurement and investor reporting.
MAGELLAN DEVELOPMENT GROUP (CHICAGO) Brian D. Gordon assumes the role of vice president of development after a stint as senior vice president of Orix Real Estate Equities Inc. During his career, the industry veteran has been responsible for development, leasing and sale of more than five million sf of office and retail projects in the US and Canada.
MIDFIRST BANK (HOUSTON) Bruce McDonald takes the helm as income property manager for the commercial real estate lender’s newest office at 2500 CityWest Blvd. He previously held senior positions with GMAC, Coldwell Banker Commercial Mortgage Banking Services and Commonwealth Federal Savings Association.
CORNERSTONE DEVELOPMENT GROUP (DESTIN, FL) Michael Ross joins the six-year-old company as assistant controller. He has five years of accounting experience.
CUSHMAN & WAKEFIELD OF ARIZONA (PHOENIX) Mark C. Urbanowicz starts as senior research analyst for Cushman & Wakefield Inc.’s Arizona and Nevada offices, specifically tasked with compiling statistical information for the Phoenix and Las Vegas markets.
SPERRY VAN NESS (BOSTON) Robert F. Shannon takes the lead as senior adviser for the new office at 470 Atlantic Ave. in Boston. He will be working with Pete Peterson, director of organizational development, who has oversight for the firm’s New England growth, and Matt Fitch, regional manager for New England.
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