UPDATE: Insignia/ESG Says Decision on NW Director Ongoing

PORTLAND-Countering rumors among brokers, Insignia/ESG tells GlobeSt.com this morning (Wednesday, Sept. 12) that a decision on a new Northwest executive director is not imminent. Western Region Director Bob Shibuya tells GlobeSt.com he is having discussions with several individuals and could give no timeline for the selection of a replacement for Sonna Durdel, , who is taking a one-year sabbatical from commercial real estate.

Local brokers told GlobeSt.com earlier this week that four finalists were being interviewed last week and that a decision would likely be made soon. They also said the company had been making moves to acquire local independent brokerages to further expand its market share. Shibuya categorically denied the rumor, saying the company is always looking to grow but is not currently having any discussions related to an acquisition.

Until a permanent successor is named, the company’s executive director of Property Services David Pogue is overseeing the Pacific Northwest operations. On-the-ground oversight will be managed by Dwight Knapp, who will be charged with the daily operational and administrative tasks in the interim. The company’s regional property management team will be led by Mark Walsh. All development operations will continue to be managed by Monte Haynes.