New York, NY– November 13, 2013– Glenn J. Rufrano, the former CEO of Cushman & Wakefield who left the company abruptly in June this year, has rejoined his former firm.
The 30-year industry veteran has been named chairman and CEO at O’Connor Capital Partners, the privately-owned real estate investment, development and management firm.
Rufrano, who was a founding partner of predecessor The O’Connor Group and who has served as a board member since 2010, will assume his new position effective immediately. In addition, he has acquired a full partnership stake in the firm.
Bill O’Connor, president & COO of O’Connor Capital Partners said, “We are thrilled to have Glenn rejoin our company. Not only does he possess a deep knowledge of our firm and our industry, but he also shares a common set of values and beliefs that has served the company well since its founding 30-plus years ago.”
Best known for his past leadership in the retail real estate sector, Rufrano began his career with Landauer Associates. His previous 17-year tenure with The O’Connor Group, which began in 1983, culminated with his positions as president and COO and as co-chairman of The Peabody Group, which was sponsored jointly with J.P Morgan.
Between 2000 and 2007 he was CEO of New Plan Excel Realty Trust Inc., and subsequently he led Australian-based Centro Properties Group as its CEO. In 2010, Rufrano was named CEO of Cushman & Wakefield, a position he held until earlier this year.
In addition to his past corporate executive roles, Rufrano formerly served on the boards of Trizec Properties, Inc., Criimi Mae, Inc. and General Growth Properties.
He currently serves on the Board of Directors of Ventas, a leading healthcare real estate investment trust, and also on the not-for-profit health and social services agency, New Alternatives for Children.
He is on the advisory boards of New York University’s Real Estate Institute and Baruch College and is a trustee and member of the International Council of Shopping Centers. He received his bachelor’s degree in Business Administration from Rutgers University and his MSc in Management and Real Estate from Florida International University.
Rufrano’s return to a chief executive role at O’Connor Capital Partners comes as the firm is growing and increasing its presence in both the retail and residential sectors. The firm currently has approximately $3.5 billion of assets under management.
The retail platform currently manages approximately 14 million square feet of properties including three million square feet in Mexico. Over the past three years, the firm has invested $1.7 billion gross in retail properties ranging from high street retail to Class A malls. Its most recent high-profile investment came earlier this year when it acquired a large joint venture interest in a portfolio of six malls owned in partnership with the Westfield Group.
On the residential front, the firm currently oversees investment in approximately 8,000 multifamily units. Over the past three years, O’Connor Capital Partners has invested $500 million gross in residential development with 700 units currently under construction. The firm is slated to open two new multifamily rental projects this month with the 188-unit Maximilian in Long Island City and the 420-unit Atmark in Cambridge, MA.
Rufrano joins Bill O’Connor and a long established senior executive team featuring former General Growth Properties executive Joel Bayer as head of the retail team and Brian Fallon as head of development and residential product.
“I am very excited about joining O’Connor Capital Partners full-time as both CEO and a partner,” said Rufrano. “This is a firm with a proud legacy, an extremely strong management team and a great future.”