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Scot Sellers to Be Named Chairman of the Board of Howard Hughes Holdings Inc. at Company’s Upcoming Annual Meeting

Retrieved on:

Thursday, April 4, 2024

Irvine Company, Growth, Blackstone Inc., Howard Hughes, Cornell University, Mergers and acquisitions, MPC, Acquisition, GGP Inc., City, HHH, The, Partner, Collection, Pershing Square Capital Management, Mergers & Acquisitions, Ackman

THE WOODLANDS, Texas, April 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today that long-time Howard Hughes board member Scot Sellers will be named Chairman of its Board of Directors at HHH’s upcoming annual meeting. Sellers will succeed Pershing Square Capital Management, L.P. (“Pershing Square”) Founder and CEO Bill Ackman, who will be retiring from the HHH board after serving as its chairman since founding Howard Hughes in 2010. Pershing Square Partner Ben Hakim is being nominated for the Howard Hughes board to replace Ackman. Pershing Square intends to remain a major, long-term shareholder of HHH.

Key Points:

Long-time HHH Board Member and former Archstone CEO to succeed Bill Ackman as Board Chairman;
THE WOODLANDS, Texas, April 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today that long-time Howard Hughes board member Scot Sellers will be named Chairman of its Board of Directors at HHH’s upcoming annual meeting.
Pershing Square Partner Ben Hakim is being nominated for the Howard Hughes board to replace Ackman.
Sellers has served on the Board of Directors of Howard Hughes since the company’s inception.
Sellers currently serves on the board of The Irvine Company and is Chairman of the Board of Maui Land & Pineapple Company.

DEALMAKER AND RESTRUCTURING EXPERT JAMES H.M. SPRAYREGEN TO JOIN HILCO GLOBAL AS VICE CHAIRMAN AND A KEY GROWTH PARTNER AT THE GLOBAL FINANCIAL SERVICES FIRM

Retrieved on:

Tuesday, March 19, 2024

As Vice Chairman, Mr. Sprayregen will serve as a partner and key strategic advisor to Hilco Global CEO and founder, Jeffrey Hecktman, working alongside another recent hire, David Kurtz – Vice Chairman and Chief Strategic Officer who joined the firm from Lazard in the fall of 2023.

Key Points:

As Vice Chairman, Mr. Sprayregen will serve as a partner and key strategic advisor to Hilco Global CEO and founder, Jeffrey Hecktman, working alongside another recent hire, David Kurtz – Vice Chairman and Chief Strategic Officer who joined the firm from Lazard in the fall of 2023.
These relationships provide an incredible foundation for me to contribute and to play a key role in taking Hilco to the next level of growth and expansion."
Sprayregen joins Hilco Global from Kirkland & Ellis, where he was the founder of the Kirkland Restructuring Group.
He was co-head of the Restructuring Group at Goldman Sachs from 2006–2008 and returned to Kirkland at the end of 2008.

Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024

Retrieved on:

Friday, November 17, 2023

Commercial Building & Real Estate, Construction & Property, REIT, DHC, RMR, GGP Inc.

Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.

Key Points:

Diversified Healthcare Trust (Nasdaq: DHC) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer, effective January 1, 2024.
Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles.
Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR on July 1, 2024 and therefore resigning from her executive officer positions at DHC and RMR, effective December 31, 2023.
Ms. Francis has been a member of DHC senior management since 2018 and a Managing Trustee of DHC since 2021.

Office Properties Income Trust Announces Executive Officer Promotions

Retrieved on:

Tuesday, September 26, 2023

Commercial Building & Real Estate, Construction & Property, REIT, GGP Inc., OPI, RMR, SVC, Accounting, Management

Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer and Brian Donley has been appointed Chief Financial Officer and Treasurer, both effective October 1, 2023.

Key Points:

Office Properties Income Trust (Nasdaq: OPI) today announced that Christopher Bilotto has been appointed President and Chief Executive Officer and Brian Donley has been appointed Chief Financial Officer and Treasurer, both effective October 1, 2023.
Mr. Bilotto has been serving as Chief Operating Officer of OPI since 2020 and also as President since 2021.
Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles.
Mr. Donley will continue to serve as Service Properties Trust’s (Nasdaq: SVC) Chief Financial Officer and Treasurer.

Jaguar Global Growth Corporation I and GLAAM Provide Updates on Proposed Business Combination

Retrieved on:

Wednesday, August 23, 2023

MIAMI and SEOUL, South Korea, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW) (“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM”), a leading designer and manufacturer of architectural media glass, today announced Jaguar Global shareholder approval of an extension to extend the date by which Jaguar Global has to consummate a business combination (the “Termination Date”) and appointees for the Board of Directors relating to the previously announced business combination.

Key Points:

Jaguar Global Shareholders Approve Extension of Deadline to Complete Initial Business Combination, with 44% of IPO Shares Still Outstanding
Announce Appointees for the New Public Company, Captivision Inc., Board of Directors
MIAMI and SEOUL, South Korea, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW) (“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM”), a leading designer and manufacturer of architectural media glass, today announced Jaguar Global shareholder approval of an extension to extend the date by which Jaguar Global has to consummate a business combination (the “Termination Date”) and appointees for the Board of Directors relating to the previously announced business combination.
As a result of the business combination, GLAAM and Jaguar Global shareholders will exchange their shares for shares in a new combined company that is named “Captivision Inc.” (“Captivision”).
“With 44% of the shares issued in our IPO still outstanding, we believe we are well-positioned to close our business combination.
Under the terms of the business combination agreement, Captivision’s board will consist of seven directors.

CBL Properties Names Katie Reinsmidt COO and Announces Other Key Executive Promotions

Retrieved on:

Thursday, May 11, 2023

CBL Properties (NYSE:CBL) today announced the promotion of three executive leaders: Katie Reinsmidt was promoted to Executive Vice President – Chief Operating Officer, Jennifer Cope to Executive Vice President – Operations Services & Risk Management and Joseph Khalili to Executive Vice President – Financial Planning & Analysis.

Key Points:

CBL Properties (NYSE:CBL) today announced the promotion of three executive leaders: Katie Reinsmidt was promoted to Executive Vice President – Chief Operating Officer, Jennifer Cope to Executive Vice President – Operations Services & Risk Management and Joseph Khalili to Executive Vice President – Financial Planning & Analysis.
In the newly created position of EVP-COO, Katie Reinsmidt will oversee the operations of the Company’s portfolio, driving strategic growth initiatives, enhanced analytics, financial performance and operating efficiencies.
In addition, Reinsmidt will continue to provide oversight of CBL’s Investor Relations, Environment, Social and Governance and Corporate Communications programs.
Khalili joined CBL in 2012 as a Portfolio Accountant focused on Third Party Managed properties and in 2014 was promoted to Acquisitions Analyst.

Hilco Real Estate Announces Executive Leadership Additions, Promoting Ryan Lawlor, Matt Tabloff, and Dan O'Brien to Partnership

Retrieved on:

Wednesday, October 19, 2022

Hilco Global, Risk, Growth, GGP Inc., Partner, Private practice, Multimedia, Industry, HRE, Associate, Bankruptcy, Consultant, Leadership, Management, Financial services, Property management

NORTHBROOK, Ill., Oct. 19, 2022 /PRNewswire/ -- Hilco Real Estate (HRE) is pleased to announce the promotion of current senior team leaders Ryan Lawlor, Matt Tabloff, and Dan O'Brien to Executive Vice Presidents and Partners in the Hilco Real Estate Group.

Key Points:

NORTHBROOK, Ill., Oct. 19, 2022 /PRNewswire/ -- Hilco Real Estate (HRE) is pleased to announce the promotion of current senior team leaders Ryan Lawlor, Matt Tabloff, and Dan O'Brien to Executive Vice Presidents and Partners in the Hilco Real Estate Group.
"This is an exciting time for the HRE team," says Neil Aaronson, Chief Executive Officer of Hilco Real Estate.
Each of these three industry specialists have long tenures with the company, leading large and complex engagements across all sectors of the real estate industry.
About Hilco Real Estate:Hilco Real Estate ("HRE"), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA).

Harris, Award-Winning Construction Exec, Joins Store Space

Retrieved on:

Thursday, August 18, 2022

WINTER GARDEN, Fla., Aug. 18, 2022 /PRNewswire/ -- Store Space Self Storage is proud to announce the hiring of Stephen Harris as President of Construction at Store Space.

Key Points:

WINTER GARDEN, Fla., Aug. 18, 2022 /PRNewswire/ -- Store Space Self Storage is proud to announce the hiring of Stephen Harris as President of Construction at Store Space.
"It's great to welcome Stephen into the Store Space family," said Rob Consalvo, COO, and President of Store Space.
Harris, who joined Store Space in May, cited the company's growth trajectory and plans for increased ground-up development as one of the driving factors in his decision.
In addition to Harris, the Store Space Construction Division has also added Shimon Kanter, Vice President of Development, J. Scott Masterson, Vice President of Construction, and Scott Claflin, Senior Director of Cap-Ex.

WeWork Announces Appointment of Daniel Hurwitz to its Board of Directors

Retrieved on:

Monday, June 27, 2022

WeWork Inc. (NYSE: WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWorks Board of Directors, effective June 23, 2022.

Key Points:

WeWork Inc. (NYSE: WE), a leading global flexible space provider, today announced that Daniel Hurwitz, co-founder & CEO of Raider Hill Advisors, has joined WeWorks Board of Directors, effective June 23, 2022.
He succeeds Jeffrey Sine, co-founder and partner of The Raine Group, who served on WeWorks Board since October 2019.
With more than three decades of experience transforming public and private businesses in the retail real estate industry, Hurwitz will bring exceptional insight to WeWorks Board of Directors.
Hurwitz, who will serve as Chair of WeWorks Audit Committee, is currently a member of the Board of Directors of Brixmor Property Group and Ideal Dental, and is an advisor to the Board of Directors of Edens and ShopCore Properties.

Seritage Growth Properties Announces Termination of REIT Election

Retrieved on:

Thursday, March 31, 2022

REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Trustee, GGP, Hammerson, NYSE, Head, JMB Realty, Report of the Special Committee on the Termination of the National Emergency, Time, Sculpture, History, Security (finance), Trust, Cornell University, Sale, The Carlyle Group, International real estate, First National Bank, GGP Inc., Health, GLA, U.S. Securities and Exchange Commission, Phrase, Income, Chinese Estates Group, Morgan Stanley, Sculpture garden, Forward-looking statement, Board, Annual report, Ownership, Â, Sears Holdings, Director, C corporation, Real estate investment trust, Failure, The Blackstone Group, Angelo Gordon, Board of directors, Review, TPG, Committee, Company, Unibail-Rodamco-Westfield, Violence, REIT, Bankruptcy, Bachelor of Arts, Safety, Howard Hughes Corporation, Senior advisor, COVID-19, SRG, Acquisition, Management, Northwestern University, Parkway Properties, ADAM METZ, SERITAGE GROWTH PROPERTIES

Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (REIT) for tax purposes and to convert the Company to a C corporation.

Key Points:

Seritage Growth Properties (NYSE: SRG) (the Company), a national owner and developer of 162 retail, residential and mixed-use properties, today announced that its Board of Trustees has approved a plan to terminate its election to be treated as a Real Estate Investment Trust (REIT) for tax purposes and to convert the Company to a C corporation.
The termination of the REIT election will be retroactively effective as of January 1, 2022.
Previously, Mr. Metz served as Chief Executive Officer of General Growth Properties (GGP), where he led GGP through its restructuring and emergence from bankruptcy.
Seritage is principally engaged in the ownership, development, redevelopment, management, sale and leasing of diversified and mixed-use properties throughout the United States.