CHICAGO—Alissa Adler has just been named managing principal of Podolsky|Circle CORFAC International after unanimous election by the firm's board of directors. Her elevation, effective January 1, 2016, comes three years after her former company, Circle Realty Advisors, merged with the Podolsky organization to form the Riverwoods, IL-based Podolsky|Circle. She takes over from current managing principal Randy D. Podolsky, who has served in that role for 30 years.

"Randy is definitely not retiring," Adler tells GlobeSt.com. "He is just stepping out of the managing principal position." And because she has already had experience running a company, "this was a natural succession plan."

Adler, who leads the firm's capital markets and advisory divisions, brings more than 20 years' experience to her new position, including about eight years leading CRA. "I'm excited to be given the opportunity to lead a resilient 45 year-old firm into the future while continuing to build on its entrepreneurial focus and time-proven tradition of providing comprehensive commercial real estate services that exceed clients' expectations," she says.