X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OAK BROOK, IL-Philip Elworth has been named the CFO of Mid-America Development Partners, based here. The position was newly created.

Elworth had been with San Francisco-based the Lurie Co. for 24 years and had been a VP and CFO of the company’s Chicago operations for nine years. “Philip’s more than three decades of finance experience, including more than two decades in the commercial real estate industry, will be invaluable as our business continues to grow,” says David P. Bossy, the company chairman and co-founder. The firm has more than 40 projects, including retail, hospitality and mixed-use, in various stages of development

The Lurie Co. was a family-owned business that decided to close and sell off all of its assets, Elworth tells GlobeSt.com. Elworth was attracted to the newly created position at Mid-America because “there is the challenge of coming in and defining what the position should be doing” and “it gave me the chance to really use all of my skills,” he says. Mid-America created the position after joining with Oakbrook Terrace-based the Harp Group last year to form the Crescendo Cos. “The biggest reason for the need for the position was the merger….which is really what prompted a lot of the growth,” Elworth tells GlobeSt.com.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.