Commercial Property Executive December 2014 : Page 36

Executives of the Year/Honorable Mention estate development and investment firms in the country, Blau has overseen more than $20 billion worth of new developments across the commercial real estate spectrum. —B.M. Todd Burns Diversity Executive of the Year President, Project and Development Services, JLL Americas When Todd Burns decided JLL’s Project and Development Services division lacked sufficient diversity, he set out to change its approach to recruitment. Reaching out to the division’s Diversity and Inclusion Council and human resources, he worked with them to form a strategy that drew on their experiences and backgrounds in reaching out to his-torically black colleges and universities and other organizations to re-cruit employees. The outreach to such entities as Tuskegee University, Florida A&M University and the Society of Black Engineers resulted in the 2012 hiring of eight students as full-time employees. Burns has continued his efforts with the council, which this year re-launched its Ambassador Program connecting PDS division new hires with peers to help ease their movement onto the team, revamped its strategic plan to increase its recruiting and retention efforts in 2015, strengthened support and resources for its mentoring program and in-creased its participation in leadership conference activities. Furthermore, PDS launched a business development subcommittee aimed at increas-ing the sales potential of a diversified group of talented team members. As president of the PDS and General Contracting divisions, Burns is responsible for strategic direction of the business, business develop-ment and relationship management for the firm. He also sits on the global practice board. A licensed architect, he joined JLL in 1990, having previously worked as a project manager for Continental Bank and LaSalle Construction, the Army Corps of Engineers and in the private sector. —S.S. mance, to date netting 286 new anchor leases, which helped produce further follow-on small shop leases in 179 properties at the increased rate of $20.35 per square foot, up from $12.10. Net operating income and net asset value have also improved, and another 160 projects have been identified for similar treatment. Brixmor went public in November 2013, outpacing its projections to complete the largest community and neighborhood shopping center IPO to date. Plans were to raise $787.5 million to pay down the $628.5 million in debt; ultimately, it raised $950 million. Other achievements have included the largest debut unsecured credit facility in REIT history: a $2.8 billion term loan/revolver that closed in July 2013; five consecutive quarters of blending leasing spreads over 11 percent; nine consecutive quarters of same-property NOI growth above 3.5 percent; and increased occupancy for 15 con-secutive quarters on a year-over-year basis. Brixmor’s portfolio currently totals 522 grocery-anchored commu-nity and neighborhood shopping centers, with approximately 87 million square feet of gross leasable area. It is the largest landlord for The TJX Cos. and The Kroger Co. —S.S. James Cassidy Rising Leader Executive Managing Director, Cassidy Turley James Cassidy continues to make a name for himself in the Washington, D.C., metro area. Imbuing his leas-ing skill into his capital markets practice, he has worked with his team to close such memorable deals as last year’s sale of the Air Rights Center in downtown Bethesda for $205 million on behalf of TIAA-CREF and One Metro Center in Washington, D.C., for $307.5 million on behalf of Clarion. The Air Rights Center sale, including three towers and an adjacent develop-ment site, was the largest in suburban Maryland since 2007 and the largest ever in Bethesda. This year, he has closed a number of additional large deals, such as 90 K St., N.E., for the Trammell Crow Co. at $196 million, 1110 Vermont Ave. for Tishman Speyer at $162.5 million and 1775 Eye St., N.W., for AEW at $104.5 million. And in September, he closed Canal Center for Tishman Speyer at $176 million, Patriots Park for Boston Properties at $320 million and 11 Dupont Circle for BlackRock Realty Group at $89 million. Named one of CPE ’s 2014 Stars to Watch in January, Cassidy has also remained active in Cassidy Turley’s decade-and-a-half-long sponsorship of the Race for Hope in Washington, D.C., benefiting the National Brain Tumor Society and Accelerate Brain Cancer Cure, in memory of his father, Cassidy Pinkard co-founder Patrick Cassidy. This year, the 5K run/walk raised $2.4 million. —S.S. Michael Carroll Retail Property Executive of the Year CEO, Brixmor Property Group Inc. Michael Carroll has had a particularly busy few years. A New Plan Excel Realty Trust alumnus who served as COO after its sale to Centro and transitioned the port-folio to Blackstone Group ownership as CEO in 2011, he has since been focused on a big organizational ef-fort designed to ramp up both asset quality and the customer experi-ence for the company, now known as Brixmor Property Group Inc. The initiative, aptly termed “Raising the Bar,” has indeed improved perfor-36 December 2014 | Commercial Property Executive

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