Friday, October 13, 2017

Michael Glimcher Takes On a New Role at a Pivotal Industry Moment

Image result for starwood mallsRegional mall owner Starwood Retail Partners has a new CEO—REIT industry veteran Michael Glimcher. Glimcher, who spent 27 years, including 12 as CEO, at Glimcher Realty Trust, will now be responsible for running Starwood Retail’s portfolio of 30 malls and lifestyle centers.

The company is a division of global real estate investment firm Starwood Capital Group, run by noted investor Barry Sternlicht. Starting in 2012 and continuing through 2016, the company had been assembling a sizeable mall portfolio, buying assets from operators like the Westfield Group.. . . more

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