Real Estate Forum - April 2012

ous accolades include being honored by the Washington Business Journal as a “2012 Outstanding Director” for her service and leadership to the board at human resources firm Towers Watson, and being awarded the “Women Who Make a Difference” award from the International Women’s Forum. Rabbitt received the Lifetime Achievement Award by the Professional Women in Construction DC Chapter in 2010 and in 2008, she was inducted into the Washington Business Hall of Fame. As if she weren’t busy enough, the breast cancer survivor has also served as chairman of the Greater Washington Board of Trade, and director and deputy chairman of the Federal Reserve Bank of Richmond, VA. Washington, DC’s Real Estate Icons continued from page 26

RAYMOND A. RITCHEY
Raymond A. Ritchey, who has been
with Boston Properties for 32 years,
is credited with helping the REIT
become one of the dominant real
estate firms in the DC area. He serves
as EVP and national director of
acquisitions and development for
the firm, which as of year-end 2011
maintained 48 in-service properties
in the DC, Northern Virginia and
suburban Maryland markets, total-
ing nearly 10. 2 million square feet
and averaging nearly 97% occu-
pancy. Before his appointment to his current position in April
1998, he served as senior vice president and co-manager of the
REIT’s local office. For four years prior to joining Boston
Properties, Ritchey was one of the leading commercial real estate
brokers in the local market with Coldwell Banker.

Vornado Realty Trust. He directs the operations for the organization, which maintains a 25-million-square-foot portfolio, including 74 office properties containing 18 million square feet and seven residential properties with 2,424 units, located primarily in the District and Northern Virginia. It also manages an additional 23 buildings totaling 5. 4 million square feet of office and commercial properties on behalf of other owners. Schear was recently honored for his philanthropic efforts, particularly his work with Higher Achievement DC Metro, an after-school youth program.

ANTHONY WESTREICH As president and CEO of Monday Properties, Anthony Westreich’s dogged determination and confidence in the DC market, and specifically in Rosslyn, VA, give him a spot on this list. The company, focused mainly on DC and New York City, is building, on spec, 1812 N. Moore St., a 35-story, 580,000-foot LEED Platinum-registered office property in Rosslyn. Westreich established Monday Properties in 2004, two years after he acquired New York City-based Max Capital Management Corp. and its four-mil-lion-square-foot portfolio. He later purchased a 10-building portfolio in Rosslyn formerly owned by his father, Stanley Westreich, co-founder of Westfield Realty, from Beacon Capital Partners for a reported $1.2 billion. Under Westreich’s leadership, Monday Properties has completed $9.8 billion in transactions representing 21. 9 million square feet and has leased more than 6. 5 million feet of space. ◆

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B. FRANCIS SAUL II Consistently ranked among the Forbes 400 Richest Americans with an estimated net worth of $1.5 billion, B. Francis Saul II is the chairman and CEO of Saul Centers. Established in 1993, the self-administered equity REIT operates a portfolio of 58 community and neighborhood shopping centers and office properties, primarily in the Mid-Atlantic, that total some 9. 5 million square feet of leasable space. He is also chairman and CEO of the B.F. Saul Co., a private family real estate business that began operations in 1892 under the leadership of his grandfather. Among his many accomplishments was founding Chevy Chase Bank in 1969 “as a hobby,” he told the Washingtonian in 2006, when he was inducted into the Washington Business Hall of Fame. The bank’s first location was a trailer in a parking lot on Connecticut Avenue in Chevy Chase, MD. Forty years later, it was acquired by Capital One for $520 million in cash and stock.

MITCHELL SCHEAR A major player in the region’s commercial and residential markets, Mitch Schear is the president of Vornado/Charles E. Smith, the Washington division of publicly traded

AdIndex

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Colliers International, 3

Marcus & Millichap, 5

Reznick, 7

Lerner Enterprises, 19

Boston Properties, 21

Meridian, 25

Monument Realty, 25

Federal Capital Partners, 26

J Street Companies, 26

Butters Development, 29

RealShare Washington DC, 29

The Sembler Group, 30

United Trust Fund, 37

City of Ontario, 38

WP Carey, 39

RS Distressed Assets, 41

RS Student Housing, 41

American Real Estate Capital, 42

Walker Dunlop, 43

CIT, 44

Bank of America/Merril Lynch, 45

Rockefeller Group, 53

First Industrial Realty Trust, 54

SIOR, 55

Chicago Title, 58

RealShare Apartments, 58

CBRE, 59

CIBC, CVR 2

Lexden Capital, CVR 4

This advertising index is provided as an additional service. While every attempt has been made to make this index as complete as possible, the accuracy of all listings cannot be guaranteed.