{"id":1004120617,"date":"2015-06-04T05:57:34","date_gmt":"2015-06-04T13:57:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004120617"},"modified":"2022-12-05T16:16:38","modified_gmt":"2022-12-06T00:16:38","slug":"cresa-names-new-ceo-chairman","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cresa-names-new-ceo-chairman\/","title":{"rendered":"Cresa Names 2 New Sheriffs"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004120619\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/RHODES.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004120619\" data-attachment-id=\"1004120619\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cresa-names-new-ceo-chairman\/original-filename-dsc_6049\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/RHODES.jpg\" data-orig-size=\"416,336\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;Delane Rouse&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;Original Filename: DSC_6049&quot;,&quot;created_timestamp&quot;:&quot;1355743683&quot;,&quot;copyright&quot;:&quot;\\u00a9 2012 Rouse Photography Group, LLC. Publication or distribution without payment in full and written permission of Delane Rouse is strictly prohibited.&quot;,&quot;focal_length&quot;:&quot;105&quot;,&quot;iso&quot;:&quot;125&quot;,&quot;shutter_speed&quot;:&quot;0.00625&quot;,&quot;title&quot;:&quot;Original Filename: DSC_6049&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Original Filename: DSC_6049\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Richard Rhodes&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/RHODES.jpg?w=416\" class=\"size-thumbnail wp-image-1004120619\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/RHODES.jpg\" alt=\"Richard Rhodes\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004120619\" class=\"wp-caption-text\">Richard Rhodes, Cresa<\/p><\/div>\n<p>Cresa has announced that Richard Rhodes has been elected CEO and Matthew Feeney elected chairman by its Board of Directors at the firm\u2019s annual meeting.<\/p>\n<p>Additionally, the firm re-elected Matthew Miller as vice chairman, and Judi Hilton as chief operating officer. Miller is a managing principal of Cresa Los Angeles, while Hilton is based at the firm\u2019s corporate office in Boston.<\/p>\n<p>\u201cThe new team is made up of professionals who have been with the firm more or less since its inception,\u201d Rhodes told <em>Commercial Property Executive<\/em>. \u201cMatt Feeney and Matthew Miller are instrumental in running their individual regions (Philadelphia, and Los Angeles, respectively), and Judi has held operational positions at the L.L.C. level throughout, so they understand what it takes for Cresa to continue to be successful, who best to recruit to effectively maintain Cresa\u2019s unique culture and grow the headcount and revenue. Therefore, they bring experience, knowledge, and vision.\u201d<\/p>\n<p>Rhodes, Cresa\u2019s chairman since 2013, succeeds Jim Leslie, who had served as the firm\u2019s CEO since 2012. He will continue as managing principal of the firm\u2019s Washington, D.C., office. Feeney, formerly vice chairman of the board, will continue as managing principal at Cresa Philadelphia.<\/p>\n<p>\u201cCresa\u2019s philosophy parallels its competitive advantage and its platform, which is user-only representation. Our strategy is to continue to influence the commercial real estate market by challenging the legacy models that full-service firms bring to the industry \u2013 that one firm can represent both tenants and landlords effectively,\u201d Rhodes added. \u201cThis is not possible in the sense that conflicts will be inevitable when you try to serve two masters. The Cresa model of putting the tenant\u2019s interests first through objective representation continues to gain traction across the country and now internationally.\u201d<\/p>\n<p>Over the past 12 months, Cresa has recruited 229 new hires, added more than a dozen international offices, and increased its revenue year over year by 20 percent, and Rhodes said he expects this trend to continue by adding additional offices both domestically and internationally, expanding its branding platform to increase visibility, investing in existing service lines to create more robust services, and increasing the number of service lines and sectors it serves.<\/p>\n<p>\u201cWe have been bucking the industry trend toward consolidation and have maintained our independence since we were founded 22 years ago,\u201d Rhodes concluded. \u201cOne thing that hasn\u2019t changed during this time is that we are true to our original values that stress the importance of collaboration and \u2018doing the right thing.\u2019\u201d<\/p>\n<p>Other newly elected members of the Board are Brant Bryan, principal of Cresa Capital Markets in Dallas; Bill Lichwalla, CPA, managing principal, Cresa Detroit; and Jeff Manley, principal, Cresa Orange County.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cresa has selected a new CEO and chairman.<\/p>\n","protected":false},"author":451,"featured_media":1004120619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742],"tags":[],"class_list":["post-1004120617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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