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CHICAGO-General Growth Properties' CEO, John Bucksbaum, is moving into the role of chairman for the International Council of Shopping Centers' 2006-2007 term. Bucksbaum officially took his new title during ICSC's annual Meeting of Members, held during the association's 2006 Spring Convention this week.
Bucksbaum will succeed Charles Grossman, managing director at New York City-based ING Clarion Partners, as the association's 47th president. A member of ICSC's board of trustees since 2003, Mr. Bucksbaum serves on ICSC's executive committee.
"John's nomination to serve as worldwide chairman comes at a remarkable time for ICSC and the shopping center industry," said Michael P. Kercheval, ICSC's president and CEO. "As the retail real estate industry rapidly expands into emerging international markets, our members face new challenges."
Bucksbaum has been an active member of the organization for more than 30 years. He has served on the board of trustees of the ICSC Educational Foundation and is currently chairman of the Samuel Zell and Robert Lurie Real Estate Center at the University of Pennsylvania's Wharton School. Bucksbaum's father and founder of General Growth, Matthew Bucksbaum, was ICSC's chairman from 1992 to 1993.
In other news, General Growth has announced plans to acquire nine units from Cincinnati-based Federated Department Stores Inc. Located in GGP malls, the stores total 1.4 million sf.
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