{"id":1004190318,"date":"2017-09-13T04:02:05","date_gmt":"2017-09-13T12:02:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190318"},"modified":"2022-12-08T11:32:00","modified_gmt":"2022-12-08T19:32:00","slug":"glimcher-takes-on-ceo-role-at-starwood","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/","title":{"rendered":"Glimcher Takes On CEO Role at Starwood"},"content":{"rendered":"<p>By Gail Kalinoski<\/p>\n<div id=\"attachment_1004190321\" style=\"width: 380px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004190321\" data-attachment-id=\"1004190321\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/michael-glimcher_headshot-800x620\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"Michael Glimcher_headshot 800&#215;620\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Michael Glimcher&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg?w=800\" loading=\"lazy\" class=\"wp-image-1004190321 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot.jpg\" alt=\"Michael Glimcher, CEO, Starwood Retail Partners\" width=\"370\" height=\"287\" \/><\/a><p id=\"caption-attachment-1004190321\" class=\"wp-caption-text\">Michael Glimcher, CEO, Starwood Retail Partners<\/p><\/div>\n<p>Retail real estate veteran Michael Glimcher has been named CEO of Starwood Retail Partners, taking over from Scott Wolstein, who had led the Chicago-based division of Starwood Capital Group since its inception five years ago.<\/p>\n<p>Wolstein will transition to a new role as a senior advisor at Starwood Capital Group.<\/p>\n<p><em>\u201c(Glimcher&#8217;s) extensive industry experience and far-reaching relationships position him to step seamlessly into this role,\u201d<\/em>\u00a0 said Barry Sternlicht, chairman &amp; CEO of Starwood Capital Group and Starwood Property Trust, in a prepared statement. <em>\u201cScott was a great partner who was essential to creating and growing Starwood Retail Partners from its inception in 2012 to a portfolio of 30 malls and lifestyle centers across the United States.&#8221;<\/em><\/p>\n<p><em>\u201cBarry and Scott have assembled an outstanding portfolio with unlimited potential to create the \u2018shopping venues of the future.\u2019 I\u2019m proud to work with the visionary leadership of Starwood and the excellent team of already assembled experienced and forward thinkers to maximize the value of our properties for our investors,\u201d<\/em>\u00a0added Glimcher.<\/p>\n<h2>Extensive Retail Background<\/h2>\n<p>Glimcher began his career with Glimcher Realty Trust, a firm founded by his father Herb Glimcher in 1959. He had been in the family business since 1991 and took over as CEO in 2005. Glimcher continued as CEO after the <a href=\"https:\/\/www.commercialsearch.com\/news\/breaking-news-washington-prime-group-to-acquire-glimcher-for-4-3b\/\">Columbus, Ohio-based retail REIT<\/a> merged in 2015 with Washington Prime Group, a spin-off of Simon Property Group. The combined company had 118 regional malls, lifestyle and community centers totaling about 67 million square feet at the time.<\/p>\n<p>In June 2016, Glimcher resigned as CEO &amp; vice chairman of the <a href=\"https:\/\/www.commercialsearch.com\/news\/management-shakeup-and-name-change-planned-for-wp-glimcher\/\">merged company<\/a> which had been operating as WP Glimcher. Upon Glimcher\u2019s departure, the company returned to the Washington Prime Group name.<\/p>\n<p>The Starwood team cited Glimcher\u2019s work\u00a0at Glimcher Realty Trust, noting his successful repositioning of its portfolio from strip centers and small market malls with moderate performances and sales, to a 95-plus percent occupied, high-productivity portfolio of larger market malls and lifestyle retail centers.<\/p>\n<p><em>\u201cMichael has an intense passion for the retail business, is widely respected by his peers and has a deep understanding of what retailers and shoppers are looking for and how we, as landlords, must adapt. We will work together to take advantage of our combined platforms\u2019 relationships and scale, further enhancing our ability to capitalize on the opportunities and face the challenges that are confronting the retail industry,\u201d<\/em>\u00a0said Mark Deason, head of U.S. Asset Management for Starwood Capital Group, in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>His extensive industry experience and far-reaching relationships make him a natural for this role. Glimcher began his career with Glimcher Realty Trust in 1991 and took over as CEO in 2005.<\/p>\n","protected":false},"author":1068,"featured_media":1004190321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742,21744],"tags":[37020,37545,33377,34880],"class_list":["post-1004190318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","category-people","tag-barry-sternlicht","tag-michael-glimcher","tag-starwood","tag-starwood-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Glimcher Takes On CEO Role at Starwood - 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\/glimcher-takes-on-ceo-role-at-starwood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glimcher Takes On CEO Role at Starwood\" \/>\n<meta property=\"og:description\" content=\"His extensive industry experience and far-reaching relationships make him a natural for this role. Glimcher began his career with Glimcher Realty Trust in 1991 and took over as CEO in 2005.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/\" \/>\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=\"2017-09-13T12:02:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:32:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/\",\"name\":\"Glimcher Takes On CEO Role at Starwood - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg\",\"datePublished\":\"2017-09-13T12:02:05+00:00\",\"dateModified\":\"2022-12-08T19:32:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Michael-Glimcher_headshot-800x620.jpg\",\"width\":800,\"height\":620,\"caption\":\"Michael Glimcher\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/glimcher-takes-on-ceo-role-at-starwood\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glimcher Takes On CEO Role at Starwood\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. 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