COSTA MESA, Calif.--(BUSINESS WIRE)--Donahue Schriber Realty Group has announced the hiring of Michael Glimcher, effective November 2, 2020, to replace retiring executives Patrick S. Donahue, Chairman and CEO and Lawrence P. Casey, President and COO. In order to successfully transition the new management team, Donahue and Casey, with 41 and 20 years, respectively with the firm, will remain with the company as Board Representatives until early Second Quarter 2021. The company has also announced the hiring of Kevin Halleran as Executive Vice President and Chief Financial Officer. Both Glimcher and Halleran have most recently been with Starwood Retail Partners in Chicago.
“We identified Michael as the prime candidate for this position,” said Donahue, current Chairman and CEO of the Costa Mesa-based shopping center private REIT. “Michael has the experience, intelligence and energy to take Donahue Schriber to the next level and realize the company’s full potential. We couldn’t be more pleased that Michael has agreed to lead Donahue Schriber going forward.”
Glimcher began his career in the industry nearly 30 years ago at Glimcher Realty Trust where he ultimately served as CEO from 2005 to 2017 and as Chairman from 2007 to 2015. At Glimcher, Michael successfully repositioned the portfolio from strip center/small market malls to a highly productive portfolio of larger market and outlet malls as well as open air and lifestyle centers. During his tenure, Glimcher developed Scottsdale Quarter and pioneered experiential retail as demonstrated at this premier mixed-use development in North Scottsdale. After Glimcher Realty Trust merged with Washington Prime Group in 2015 to create WP Glimcher, Michael served as CEO and Vice Chairman until 2016. In June of 2017, Glimcher joined Starwood Retail Partners where he served as CEO for three years.
Glimcher is a past International Council of Shopping Centers’ Trustee, as is Donahue. “I am honored to serve this best-in-class company. I am humbled to follow in the footsteps of Dan Donahue and Tom Schriber and now Pat and Larry,” said Glimcher. He added “this is a fantastic opportunity and I can’t wait to get started.”
About Donahue Schriber Realty Group
Donahue Schriber Realty Group is a privately held Real Estate Investment Trust (REIT) valued at over $3.5 billion. The company currently owns and operates 60 high-quality neighborhood, community, and power shopping centers from San Diego, California to Seattle, Washington encompassing over 11 million square feet of retail space with over 1,700 tenants. The company has 120 employees and offices in Costa Mesa, Fresno, Sacramento, and San Diego, California, as well as Portland, Oregon. For more information about the company, visit DonahueSchriber.com.
