"After more than 35 years at the helm, William Bill Witte is stepping down as chairman and CEO of Related California, The Real Deal has learned. Effective Jan. 1, Witte, 74, will become chairman emeritus of the Irvine-based firm. Gino Canori, the company's president, will retain that title and add the role of CEO for its market-rate development division. Ann Silverberg, who leads affordable-housing development in Related California's Northern California and Northwest divisions, will expand her role to include the Southern California division as well."
"Since its inception Related California has developed more than 21,000 residential units, totaling more than $11.7 billion in assets. Projects include the 1.2-million-square-foot The Grand LA, designed by Frank Gehry in downtown Los Angeles, a two-tower development with 436 residences and a 314-room Conrad Los Angeles hotel. Most recently, Related California launched rental tower 700 Broadway in Santa Monica, with 280 apartments, a Von's and an Equinox."
"Witte earned a bachelor's in urban studies and a master's in city planning at the University of Pennsylvania. He held housing roles in Philadelphia before serving eight years as San Francisco's director of housing and economic development under then-Mayor Dianne Feinstein, and later as deputy mayor for housing and neighborhoods under her successor, Art Agnos. Following more than a decade in public service, Witte formed a financial partnership with Steve Ross' Related Co"
William 'Bill' Witte will step down as chairman and CEO of Related California effective Jan. 1 and become chairman emeritus. Gino Canori will continue as company president and assume CEO responsibilities for the market-rate development division while remaining based in San Francisco. Ann Silverberg will expand her affordable-housing leadership to include Southern California in addition to Northern California and the Northwest. Related California has developed more than 21,000 residential units totaling over $11.7 billion in assets, including The Grand LA and 700 Broadway in Santa Monica. Witte previously held housing roles in Philadelphia and senior housing posts in San Francisco before forming a partnership with Related Co.
Read at therealdeal.com
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