Glimcher Appoints Starwood Retail Partners CEO
Glimcher Appointed Starwood Retail Partners CEO
Starwood Retail Partners named Michael Glimcher CEO effective September 11. He succeeds Scott Wolstein, who will transition to a new role as a Senior Advisor to Starwood Capital Group.
Glimcher began his career with Glimcher Realty Trust, eventually serving as CEO from 2005 to 2015 and as Chairman from 2007 to 2015. At Glimcher Realty Trust, he repositioned the portfolio from strip centers and small-market malls with moderate performance and sales, to a 95-plus-percent occupied portfolio of larger-market malls and lifestyle retail.
After Glimcher Realty Trust merged with Washington Prime in 2015 to create WP Glimcher, Glimcher served as CEO and Vice Chairman until 2016.
Passco Cos. Hires Johnson
Passco Cos., Irvine, Calif., hired Brett Johnson as Vice President of Acquisitions for the west and Midwest. He will work from the firm’s Denver office.
In his new role, Johnson will identify, source, underwrite and negotiate for assets aligned with Passco’s long-term acquisition strategy. To date, he has been involved in closing more than $5 billion in institutional multifamily transactions. He began his career at Archstone, where he was part of their acquisitions team for ten years.
Prior to joining Passco, Johnson held positions at real estate investment trust UDR Inc., JRK Investors Inc. and Milestone, a private real estate investment management company.
Marcus & Millichap Names Daitch Executive Managing Director of Investments
Marcus & Millichap promoted Andrew Daitch to Executive Managing Director of Investments. The executive managing director investments designation is the highest level a Marcus & Millichap investment professional can attain.
Daitch was previously a senior managing director of investments. He began his career with Marcus & Millichap in 1999 as an assistant in the Detroit office. He specializes multifamily investments and HUD, low-income housing and Section 8 properties.
Hunt Mortgage Group Opens New Office in Washington, D.C.
Hunt Mortgage Group, New York, opened a new office in Washington, D.C.
Bryan Cullen, Hunt Mortgage Group Managing Director, will relocate his team from Tysons Corner, Va. to northwest Washington.
The new office will occupy 888 17th Street NW, Suite 300. It will originate Freddie and Fannie Mae loans including small-balance loans as well as bridge financing and a new seven-year fixed-rate product through Hunt Mortgage Group’s Proprietary Loan Group.
