{"id":1004141720,"date":"2016-04-12T13:13:49","date_gmt":"2016-04-12T21:13:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141720"},"modified":"2022-12-08T17:52:37","modified_gmt":"2022-12-09T01:52:37","slug":"reit-veteran-to-take-helm-at-brixmor","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/reit-veteran-to-take-helm-at-brixmor\/","title":{"rendered":"REIT Veteran to Take Helm at Brixmor"},"content":{"rendered":"<p>By Paul Rosta<\/p>\n<div id=\"attachment_1004141721\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004141721\" data-attachment-id=\"1004141721\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/reit-veteran-to-take-helm-at-brixmor\/lowreskrogerbrentwoodplazacincinnatioh-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg\" data-orig-size=\"792,528\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"LowResKrogerBrentwoodPlazaCincinnatiOH (1)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Brentwood Plaza, a grocery-anchored retail center owned by Brixmor Property Group in Cincinnati. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg?w=792\" class=\"size-medium wp-image-1004141721\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg\" alt=\"Brentwood Plaza, a grocery-anchored retail center owned by Brixmor Property Group in Cincinnati. \" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg 792w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004141721\" class=\"wp-caption-text\">Brentwood Plaza, a grocery-anchored retail center owned by Brixmor Property Group in Cincinnati.<\/p><\/div>\n<p>Two months after financial reporting problems prompted <a href=\"https:\/\/www.commercialsearch.com\/news\/brixmor-taps-change-agent-to-restore-confidence\/\">a shakeup at Brixmor Property Group Inc.,<\/a> the retail owner-operator has found a new leader. James Taylor, who currently serves as CFO of Federal Realty Investment Trust, will assume his new duties as Brixmor\u2019s president &amp; CEO on May 20, the company announced on Tuesday.<\/p>\n<p>Brixmor cited Taylor\u2019s wide-ranging experience in retail real estate, strategic planning, operations, leasing, redevelopment and finance. \u201cJim is a proven leader who we feel is uniquely qualified to enhance Brixmor\u2019s position within the industry, while maximizing value for shareholders,\u201d said John Schreiber, chairman of Brixmor\u2019s board of directors, in a statement.<\/p>\n<p>The selection of a chief executive represents a milestone for Brixmor, a New York City-based affiliate of the Blackstone Group whose 87 million-square-foot portfolio constitutes the nation\u2019s largest wholly owned holdings of grocery-anchored neighborhood and community shopping centers. A review by the firm\u2019s audit committee determined that some personnel were smoothing income items in order to achieve consistent same-store net operating income growth. The disclosures led to the departures of Michael Carroll, then Brixmor\u2019s CEO; Michael Pappagallo, president &amp; CFO; and Steven Splain, its former chief accounting officer.<\/p>\n<p>To calm the waters, Brixmor\u2019s board brought in Daniel Hurwitz, the highly regarded former head of DDR Inc., as interim CEO &amp; president. Hurwitz will stay on during the transition and will continue to serve on Brixmor\u2019s board after Taylor takes the helm.<\/p>\n<p>Before joining Federal Realty in 2012, Taylor was senior managing director &amp; head of real estate investment banking at Eastdil Secured. He also practiced corporate and securities law at Hunton &amp; Williams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two months after a leadership shakeup, the retail owner\/operator is bringing in James Taylor of Federal Realty Investment Trust as its president &amp; CEO. <\/p>\n","protected":false},"author":445,"featured_media":1004141721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26289,23891,21742,21744,21749],"tags":[],"class_list":["post-1004141720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-weekly-newsletter-article","category-national","category-latest","category-people","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>REIT Veteran to Take Helm at Brixmor - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/reit-veteran-to-take-helm-at-brixmor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REIT Veteran to Take Helm at Brixmor\" \/>\n<meta property=\"og:description\" content=\"Two months after a leadership shakeup, the retail owner\/operator is bringing in James Taylor of Federal Realty Investment Trust as its president &amp; CEO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/reit-veteran-to-take-helm-at-brixmor\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-12T21:13:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:52:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"792\" \/>\n\t<meta property=\"og:image:height\" content=\"528\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/\"},\"author\":{\"name\":\"Paul Rosta\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"headline\":\"REIT Veteran to Take Helm at Brixmor\",\"datePublished\":\"2016-04-12T21:13:49+00:00\",\"dateModified\":\"2022-12-09T01:52:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/\"},\"wordCount\":302,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/LowResKrogerBrentwoodPlazaCincinnatiOH-1.jpg\",\"articleSection\":[\"Article\",\"National\",\"News\",\"People\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/reit-veteran-to-take-helm-at-brixmor\\\/\",\"name\":\"REIT Veteran to Take Helm at Brixmor - 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