U.S. shopping center vacancy hits 15-year low
When outgoing Cushman & Wakefield CEO Bruce Mosler steps down March 22, he’ll be settling into both his new role as co-chairman and a “strategic real estate consultant” position for developer pal Charles Cohen. Cohen, president and CEO of Cohen Brothers Realty, has assembled what he is calling a “dream team” of Cushman hotshots to lease and reposition four of his most prominent Manhattan commercial properties. Joining Mosler will be Arthur Mirante, another former Cushman CEO, and brokers Edward Weiss and Joseph Cabrera. The team will handle the exclusive leasing agencies for 3 Park Avenue, 805 Third Avenue, 3 East 54th Street and Grand Central Palza at 622 Third Avenue, according to a statement released today. Australian shopping center owner Glenn Rufrano will take over the reins as Cushman CEO, while Mosler is under a three-year contract to remain at the company as co-chairman, he told The Real Deal in his first interview after his successor was named. TRD
