COLOMBIA, MD-An office REIT with a solid government base, Corporate Office Properties Trust has brought on a new executive to oversee its acquisition and disposition activities. John Norjen is the REIT’s new managing director of Investments. Technically, this is a new title for COPT, a company spokeswoman tells GlobeSt.com. Prior to Norjen’s arrival, COPT’s acquisitions and sales had been handled by a VP at the firm, Jim Davis, who still remains with the firm. She adds that COPT doesn’t have a definitive pipeline for the year.

In general, many firms are positioning themselves now–either through new hires or a financial war chest saved for the occasion–to buy assets now that pricing is coming off of its 2006 highs. Randall Griffin, president and CEO of COPT alluded to these potential opportunities in a prepared statement regarding Norjen’s arrival. “John’s extensive commercial real estate experience and knowledge will prove most valuable as new opportunities evolve for COPT as a result of the turbulent economic environment,” he says.

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