Bloomfield Hills, Mich. William Taubman has been promoted to president of The Taubman Company Co. and will retain his role as chief operating officer. William Taubman will continue to report to Chairman and Chief Executive Officer Robert Taubman while leading the company’s development, center operations, leasing and strategic communications functions.
Prior to being named president, Taubman served as chief operating officer and as a member of the company’s board of directors. He has also held the positions of executive vice president and vice president of development and acquisitions since joining the company in 1986. Before working at the Taubman Co., Taubman worked for Oppenheimer & Co. Inc. in New York City where he was a financial analyst specializing in mergers and acquisitions.
MANDEVILLE, La., Feb. 26, 2021 /PRNewswire-PRWeb/ At a time when valuations of disfavored retail real estate are plummeting because of declining sales at
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HONOLULU, Feb. 25, 2021 /PRNewswire/
Alexander & Baldwin, Inc. (NYSE: ALEX) ( A&B or Company ), a Hawai i-based company focused on owning and operating high-quality commercial real estate in Hawai i, today announced financial results for the fourth quarter and full-year of 2020.
Chris Benjamin, A&B president & chief executive officer stated: We began 2020 focused on advancing our strategic agenda and are pleased by the progress made despite the obvious hurdles imposed by COVID-19. Fourth quarter 2020 results highlight continued recovery of our commercial real estate ( CRE ) collections while full-year 2020 results reflect positive momentum in asset monetization and Grace Pacific performance. Our portfolio of needs-based retail, industrial and ground leases has shown resilience over the course of the COVID-19 pandemic, with year-end occupancy down only 40 basis points from 2019 and fourth-quarter collections at 85%.