Vornado switches up retail bosses

REIT hires Ed Hogan from Brookfield; Sherri White to leave for Witkoff

TRD New York /
Apr.April 29, 2015 10:30 AM

Vornado Realty Trust is making a big change atop its retail pyramid. The real estate investment trust hired Edward Hogan from Brookfield Office Properties to head up retail leasing, while Sherri White, its former retail leasing director, is headed to Witkoff.

Hogan will now take the lead on leasing the REIT’s 2.8 million-square-foot retail portfolio, according to a memo sent to staff by Vornado chair Steven Roth, and will become a key part of its master plan to Overhaul The Penn Plaza area.

According to Roth’s memo, obtained by Capital New York, Hogan will be “part of the leadership team working to transform our vast holdings in the Penn Plaza District.” Vornado owns roughly nine million square feet in the area, currently considered second-rate for office tenants, and plans to invest hundreds of millions to upgrade its status with retail and public space.

While at Brookfield, Hogan was responsible for leasing Brookfield Place’s 375,000 square feet of retail space.

Of White, Roth wrote, “Sherri is a whiz, expert in her field, very creative at cutting up space, well known and well-liked by the community.” In her time at Vornado, White completed 338 street retail leases spanning 2.3 million square feet, according to the memo.

White is the second top female executive to leave the company recently, after Wendy Silverstein, the co-head of acquisitions and capital markets, departed after 15 years.– Tess Hofmann

 

Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS

Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Vornado chairman Steve Roth and 608 Fifth Avenue (Getty, Google Maps)

Vornado walks away from Fifth Avenue property

Vornado walks away from Fifth Avenue property
Clockwise from top left: Vornado's Steven Roth, Newmark Knight Frank's Barry Gosin, Redfin's Glenn Kelman, SL Green's Marc Holliday, Marriott's Arne Sorenson, Zillow's Richard Barton, Realogy's Ryan Schneider, and Cushman's Brett White

A real estate earnings call season for the ages

A real estate earnings call season for the ages
Steven Roth (Credit: Bruce Glikas/Getty Images, Vornado)

Vornado might never reopen century-old Hotel Pennsylvania, CEO says

Vornado might never reopen century-old Hotel Pennsylvania, CEO says
 Vornado CEO Steven Roth with 220 Central Park South (left) the Marriott Marquis at 1535 Broadway (Credit: Roth via Taylor Hill/FilmMagic; Vornado; StreetEasy)

Vornado sees “tragic abyss” now, better times ahead

Vornado sees “tragic abyss” now, better times ahead
Pandemic pay cuts: Analysis shows real estate CEOs aren’t giving up much

Pandemic pay cuts: Analysis shows real estate CEOs aren’t giving up much

Pandemic pay cuts: Analysis shows real estate CEOs aren’t giving up much
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...