(Carl Cronan is editor of Real Estate Florida.)
MIAMI- Tere Blanca, senior managing director of Cushman & Wakefield's local office, will leave the commercial real estate services firm at the end of February. Blanca, who also serves as chair of the Beacon Council economic development group, has been in a leadership role with Cushman & Wakefield for the past six years.
Blanca, 48, joined Cushman & Wakefield in 2003 after 15 years with Coral Gables-based Codina Group. She considers office leasing, building and land sales, and project advisory to be her strong suits, and plans to launch her own firm this spring once her tenure with Cushman & Wakefield is complete.
"Certainly, the demands of management take you away from the parts of the job that you love. I'm going back to my roots," Blanca tells GlobeSt.com. She adds that she has no plans to compete with Cushman & Wakefield, which has more of a global scope, and wants to create a niche within the Miami office market.
Executives with New York City-based Cushman & Wakefield credit Blanca with expanding the geographic footprint of Cushman & Wakefield's South Florida operations, including expansion into Palm Beach County. She has also helped attract top-tier professionals to the firm, strengthen its branding in the region and increased revenue on a consistent basis.
"Tere's decision was a personal one and while we are sad to see her leave, we wish her nothing but the best," says Michael Elting, executive managing director and Southeast regional manager for Cushman & Wakefield in Atlanta. "We are happy that she has agreed to stay on board during this important transition period as we look to fill her role."
Between now and Blanca's last day Feb. 28, Elting will step up his oversight of the South Florida region. Larry Richey, senior managing director and branch manager for the Central Florida region at Cushman & Wakefield's Tampa office, will assist Elting with supervisory duties.
Blanca is recognized as one of Miami's top woman business executives, including Real Estate Florida's Women of Influence in the November/December 2008 issue. In October, she became the first Latina woman to take the helm of the Beacon Council, for which she says she intends to complete her term throughout this year.
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