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Compass divisions become independent subsidiaries.


Equitable Real Estate Investment Management, Inc. has announced that its COMPASS compass.

1 In mathematics, an instrument for making circles and measuring distances. Frequently called a pair of compasses, it consists of two metal legs with one end of each attached to a pivot to form a V-shaped device.
 divisions will begin operating as stand-alone subsidiaries as of April 1. The new status reflects the divisions' significant, 85-percent growth in properties under management in less than two years. The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 region, headed by Vice President Ralph J. DiRuggiero, contributed substantially to that growth, increasing its office and industrial space under management to nearly 7 million square feet in early 1992 from 700,000 square feet one year earlier.

Nationally, the new management and leasing subsidiary will be led by Gary R. Sligar, as president and chief executive officer. Phillip E. Stephens has been named president and chief executive officer of COMPASS Retail.

Additional COMPASS Management and Leasing promotions include Bruce W. Ficke to senior vice president and national leasing coordinator, Angelo J. Verde to senior vice president and chief financial officer, and S. Kenan Manson III to senior vice president, administration and operations. James F. Mann has been promoted to senior vice president of COMPASS Development, COMPASS Management and Leasing's development arm.

At COMPASS Retail, Gregory R. Greenfield Greenfield, town (1990 pop. 18,666), seat of Franklin co., NW Mass., at the confluence of the Deerfield and Green rivers, near their junction with the Connecticut; settled 1686, set off from Deerfield and inc. 1753.  has been named executive vice president and chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
; William Sullivan William Sullivan may refer to:
  • William Cornelius Sullivan (1912-1977), a United States security official
  • William Hallissey "Billy" Sullivan, Jr. (1915-1998), owner of an original franchise (the Boston Patriots) of the American Football League
 has been named executive vice president for leasing and William Brown William Brown (or Browne) may refer to (some of whom were also called 'Bill'): Politicians
  • William Brown (congressman) (1779-1833), U.S. Representative from Kentucky, 1819–1821
  • William J. Brown (Indiana) (1805-1857), U.S.
 has been named senior vice president and chief financial officer.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Date:Apr 8, 1992
Words:214
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