Charles F. Lowrey joins PREI to fill new management position

Charles F. Lowrey has filled the newly created position of president and COO of Prudential Real Estate Investors (PREI), a unit of Prudential Investment Corp., and an affiliate of The Prudential Insurance Company of America, based in Newark, N.J. Lowrey reports to CEO Bernard Winograd. His responsibilities include overseeing day-to-day operations and supporting Winograd in managing the company's growing global real estate business.

The new position of president and COO was formed out of a need to expand management, which resulted from a significant increase in operations. According to Lowrey, as PREI opened more international offices and as their existing offices grew in size, the job of management became weighty, so Winegrad felt it was prudent to bring someone in to assist him.

Lowrey comes to Prudential after serving nearly 13 years at New York-based J.P. Morgan & Co., now known as J.P. Morgan Chase & Co. He was a managing director and head of the Americas for J.P. Morgan's real estate and lodging investment-banking group. “I believe my experience in the real estate industry, both domestically and on an international basis, as well as my experience in developing and retaining relationships — whether with companies or providers of capital (both of which I have done) — is going to be of benefit to Prudential,” Lowrey said.

Lowrey said his objective in this role is to supplement the well-positioned management structure already in place. “My primary goal is to help PREI continue to provide and expand its investment services to institutional real estate investors worldwide,” he said. “PREI has been built around talented real estate investment experts who are customer-driven. My role here is to help that team remain focused on investing in real estate for our clients.”

Steven Bandolik has been named president and CEO of Chicago-based Transwestern Commercial Services. A former managing director for Chicago-based Transwestern Investment Co. LLC, he replaces Jack Eimer who has served as president and CEO since 1997. Eimer will assume a new role as president of Transwestern's central region, which includes the Dallas/Fort Worth area.

Fred Pratt has been named CEO of New York-based Lend Lease Real Estate Investments Inc., a subsidiary of Lend Lease Corp. Pratt has served as the company's COO since last year.

Mark Burkhart, president and CEO of St. Louis-based Colliers Turley Martin Tucker, has been appointed chairman of the board of directors for Colliers USA, Boston. As chairman, he will be responsible for developing and overseeing the business plan of Colliers USA.

Steve Van Amburgh has been named CEO of Newport Beach, Calif.-based Koll Development Co. He recently served as president of the firm's corporate development division. He joined Koll in 1989 and founded its Dallas office.

Jeff Allen has been appointed president and CEO of New York-based IntelliSpace, an Ethernet IP broadband services provider.

In other IntelliSpace news,

Aliza Stern has been appointed vice president, national real estate. She will continue to operate out of the company's Philadelphia offices.

Socrates Verses has been appointed CEO of Alexandria, Va.-based Realeum Inc., a provider of Web-based property management software for the multifamily industry.

James J. Whalen Jr. has been promoted from vice president to senior vice president and chief information officer of Boston Properties Inc.

Bruce Fernald has joined the Atlanta office of Holliday Fenoglio Fowler LP as senior managing director.

He and Greg Seitz manage debt and equity transactions in metro Atlanta and the surrounding region.

Darcy Stacom has been named executive vice president by the board of directors of New York-based Cushman & Wakefield Inc.

Thomas Henneberry has become president and COO of The Pizzuti Cos., Columbus, Ohio.

He joins Pizzuti from The Richard E. Jacobs Group, also based in Columbus, where he most recently served as executive vice president of real estate development.

Forrest Robinson has joined Coral Gables, Fla.-based Codina Group Inc. as president of development services, a new group formed by the corporation to consolidate four of its operating companies: Codina Development Corp., C & S Development Inc., Codina Construction Corp. and Codina Consulting Inc. He is responsible for business development and operations. Robinson is the former president and COO of Atlanta-based Weeks Corp. and was involved in the merger that formed Indianapolis-based Duke-Weeks Realty Corp.

Katherine (Kelly) Schnur has been named COO of Larson Financial Resources Inc., a wholly owned subsidiary of Mineola, N.Y.-based PW Funding Inc.

Bernard Fried has been appointed president and CEO of San Francisco-based Citadon Inc., a provider of e-business services for the construction industry.

e-mail names in the news to sspires@intertec.com