{"id":1004030025,"date":"2011-06-06T11:33:43","date_gmt":"2011-06-06T19:33:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030025"},"modified":"2022-12-04T22:19:50","modified_gmt":"2022-12-05T06:19:50","slug":"change-in-the-air-as-reitweek-approaches","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/change-in-the-air-as-reitweek-approaches\/","title":{"rendered":"Change in the Air as REITWeek Approaches"},"content":{"rendered":"<p>June 6, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004030026\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004030026\" data-attachment-id=\"1004030026\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/change-in-the-air-as-reitweek-approaches\/morrissey-34\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"morrissey\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user morrissey&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg\" alt=\"\" title=\"morrissey\" width=\"300\" height=\"225\" class=\"size-medium wp-image-1004030026\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/morrissey.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004030026\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user morrissey<\/p><\/div>\n<p>With NAREIT\u2019s REITWeek 2011 Investor\u2019s Forum on tap this week, member REITs are gearing up to announce changes. Two of the most significant announcements come from Brookfield Office Properties and AvalonBay Communities Inc., both of which are expected to discuss personnel changes.<\/p>\n<p>Brookfield Office Properties has tapped Mitch Rudin as president &amp; CEO of U.S. commercial operations. Rudin, who has been president &amp; CEO of CB Richard Ellis\u2019s New York tri-state region for the past seven years, will report to Brookfield CEO Ric Clark. <\/p>\n<p>Other personnel changes at Brookfield include the promotions of Dennis Friedrich to president &amp; global chief investment officer and Tom Farley to president &amp; global chief operating officer. Jan Sucharda has also been promoted, taking the reins as president &amp; CEO of Canadian commercial operations in Canada, Australia and the United Kingdom.<\/p>\n<p>Over at AvalonBay, Bryce Blair will step down from his role as CEO at the end of this year. However, he will remain chairman of the board through 2012. According to Blair, his 10-year tenure as CEO has resulted in the assembly of a major multi-family portfolio in the country\u2019s best markets, along with a strong development platform. He added that he felt the time was right personally and company-wise to initiate a transition.<\/p>\n<p>AvalonBay president Timothy Naughton will assume the role of CEO. He has worked with Blair for 20 years. <\/p>\n<p>Stay tuned as CPE brings you coverage of REITWeek.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With NAREIT&#8217;s investor&#8217;s forum on tap, several firms are making major announcements &#8212; including the departure of AvalonBay Communities Inc.&#8217;s Bryce Blair.<\/p>\n","protected":false},"author":936,"featured_media":1004030026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,21808,37775,21742,21744,37776,37777,37778],"tags":[],"class_list":["post-1004030025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-dividend-yield","category-featured","category-rc-forward-affo-payout-ratios","category-latest","category-people","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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