DALLAS-Another main player has jumped ship from Cushman & Wakefield of Texas Inc. This time, it's Steve Everbach who's been hired as COO for Sam Ware's Lazarus Property Corp.

For the past four years, Everbach has been C&W's managing director of asset services, leading a 100-employee division. Everbach's start with Lazarus, an owner-investor in the market, is coupled with plans for an overhaul of 1505 Elm St., a 16-story, 171,000-sf office property into a high-end condo project in the CBD's heart. Lazarus has just bought the property and an abutting five-story parking garage from the Greater Dallas Chamber of Commerce. C&W holds the leasing and management pact for the building and will continue to do so, according to corporate statements.

“This position fulfills a long-term career ambition giving me the opportunity to participate as a principal and owner with a growth-oriented company,” Everbach says.Ware says his prior experience with Everbach during his C&W stint brings “a unique perspective and an aggressive, opportunistic vision to our company. We rise and fall by how well we quickly position or reposition an asset and we believe Steve's role and expertise will be integral to our ongoing success.” Prior to working at C&W, Everbach had worked for Cambridge Realty Partners.