Panattoni Development Thomas McCormick III has joined Sacramento, Calif.-based Panattoni Development Co. as a principal. His responsibilities include the expansion of the company into new markets as well as coordinating existing operations. Formerly president of North American Brokerage Services for Boston-based Colliers International, McCormick is a trustee of the SIOR Education Foundation and a member of both the Executive Committee and the Board of Directors of the National Association of REALTORS (NAR).
Jones Lang LaSalle Jeff Jacobson has been named regional CEO of European operations for LaSalle Investment Management, a member of Chicago-based Jones Lang LaSalle Group. A 16-year real estate veteran, Jacobson also serves as managing director of Jones Lang LaSalle Inc., and will chair LaSalle Investment Management's European Investment Committee. His responsibilities include all aspects of the company's business, including servicing the firm's European investment clients and implementing growth initiatives.
In other LaSalle news, Mark De Riemer has been named senior vice president of investment banking in the company's New York office. He is responsible for representing national clients, including corporate, pension funds, developers and financial institutions in the disposition and financing of commercial properties throughout the Eastern United States. De Riemer brings more than 19 years of experience, most recently with Los Angeles-based CB Richard Ellis where he was vice president of investment properties.
Kmart Corp. Charles Conaway has signed a five-year contract as chairman and CEO of Troy, Mich.-based Kmart Corp. Conaway replaces Floyd Hall who recently retired after five years of service. Conaway was previously president and COO of Seattle-based CVS Corp., where he was responsible for all merchandising, advertising, logistics and e-commerce. In related news, Thomas Ryan, chairman and CEO of CVS Corp., has reassumed the title of president, a position he previously held until April 1999. CVS does not plan to search for a new president.
Grubb & Ellis Co. Four years after being named CEO of Northbrook, Ill.-based Grubb & Ellis Co., Neil Young has resigned. Young, who has been with the company since 1984, will act as a consultant for Grubb & Ellis through the end of the year. Reuben S. Leibowitz, managing director of New York-based E.M.Warburg, Pincus & Co., who owns 46% of Grubb & Ellis, will serve as chairman while, Brian D. Parker, executive vice president of Grubb & Ellis, will become president and assume day-to-day responsibilities.
American Realty Trust Inc. Paul Bagley has been named chairman and CEO of Dallas-based American Realty Trust Inc. Bagley is a founding partner of The Stone Pine Cos., a private investment banking partnership with operations in New York and Denver. He also serves as the chairman of Los Angeles-based Consolidated Capital of North America. Bagley's prior investment banking experience includes serving as executive vice president at New York-based Shearson Lehman Hutton Inc. and its predecessor, E. F. Hutton.
Landau & Heyman Frank Moody has been named president of Chicago-based Landau & Heyman. His responsibilities include the day-to-day operations and management services of the company, including the supervision of asset management, leasing, marketing services, corporate communications and operations of the 15 enclosed shopping malls and the four non-enclosed centers in the Landau & Heyman portfolio. Moody joined Landau & Heyman in February 1999 as an adviser to the firm and its ownership. With more than 25 years of retail development experience, Moody has worked for both LaSalle Partners and The Yarmouth Group where he served on the board of directors for 10 years.
Carter & Associates Tom Senkbeil has been named president and CEO of Atlanta-based Carter & Associates. His responsibilities include management of the company's five business units: Brokerage, Corporate Real Estate Services, Development, Investment Advisory Services, and Property Management and Leasing. Senkbeil has more than 28 years of industry experience; most recently he served as executive vice president and chief investment officer of Indianapolis-based Duke-Weeks Corp.
In related Duke-Weeks news, Dave Stockert has been appointed executive vice president of acquisitions and dispositions. Stockert joined Duke-Weeks Corp. as CFO where he provided leadership for acquisition and disposition activities as well as new business development following the Duke-Weeks merger in 1999.
Rockwood Realty Associates Peter Nicoletti has been promoted to vice president of New York-based Rockwood Realty Associates. Formerly an associate vice president, he was responsible for major transactions for the company. Prior to joining Rockwood, Nicoletti was a senior investment analyst in the equity investments and sales group at New York-based Met Life Real Estate Investments.
Prime Retail Inc. Robert Brvenik has been named executive vice president/CFO and treasurer of Baltimore-based Prime Retail Inc. Brvenik replaces Robert P. Mulreany, who resigned in June to pursue other interests. Brvenik comes to Prime Retail from Albany, N.Y.-based The Pyramid Co. where he was CFO, controller, director of development and senior leasing representative.
The Home Depot Troy Hefner has been promoted to regional vice president of operations for the Western Division of Atlanta-based The Home Depot Inc. Hefner has been with The Home Depot since 1989 and has held various management positions, most recently as regional merchandise manager for several states and district manager for the Los Angeles/Desert Region.
In other Home Depot news, Terry Hopper has been promoted to merchandising vice president for the Western Division. A 15-year veteran of the company, Hopper's most recent experience includes that of regional vice president of operations.
Pinnacle Entertainment Inc. Paul Alanis has been promoted to CEO of Glendale, Calif.-based Pinnacle Entertainment Inc. Alanis will replace R.D. Hubbard who will remain chairman of the board and chairman of the executive committee of the board of directors.
JPI Scot McLaughlin has been promoted to senior vice president of Irving, Texas-based JPI. His responsibilities include managing the firm's project finance group, arranging all construction and permanent financing for JPI's acquisitions and its new properties nationwide, as well as assisting in sourcing equity capital.Liberty Property TrustFrederick Dougherty has been prom oted to vice president of portfolio technology for Melvern, Pa.-based Liberty Property Trust. His responsibilities include portfolio-wide building technology enhancements including building automation and energy procurement and the installation of broadband voice and data telecommunications and technology provisions. He will recommend national building automation upgrades and energy savings programs.
Equity Office Properties David Helfand has been promoted to executive vice president of new business development for Chicago-based Equity Office Properties. His responsibilities include coordinating the company's e-business activities, including telecommunications initiatives, investment endeavors and access business unit affiliations. A 10-year veteran of the company, he will continue to oversee Equity Office's mergers and acquisitions group and international R&D activities.
Donahue Schriber Lawrence Casey has been named executive vice president and CFO for Newport Beach, Calif.-based Donahue Schriber. Casey brings more than 16 years executive experience, most recently with San Diego-based National Advisors. There, he directed asset management of $2 billion in real estate located in more than 50 cities and 20 states nationwide.
Rockwood Realty Associates Peter Nicoletti has been promoted to vice president of New York-based Rockwood Realty Associates. Formerly an associate vice president, he was responsible for major transactions for the company. Prior to joining Rockwood, Nicoletti was a senior investment analyst in the equity investments and sales group at New York-based Met Life Real Estate Investments.
Diane Olmstead has been named executive vice president of Institutional Ventures for Bethesda, Md.-based Redbricks.com. Her responsibilities include leading the long-term institutional strategy and relationships for the commercial mortgage origination site, as well as developing and launching new products targeted toward institutional owners and managers of commercial real estate. Olmstead has more than 20 years of real estate experience, most recently with Chicago-based Arthur Andersen where she was responsible for building the Real Estate Capital Markets practice in the Western region of the United States.