NEW YORK CITY—Real estate developer, investor and owner, Rockefeller Group, announced that Daniel J. Moore has been appointed president and CEO, effective April 1, 2018. Moore, who joined the company in 2016, is currently EVP and head of the company's national urban development business.
Dan Rashin and Tetsuya Masuda will remain co-presidents and CEOs through Rashin's planned retirement from the company on March 31, 2018. The transition is part of Rockefeller Group's long-term succession planning, initiated by the board of directors following Rashin's decision to retire.
Since joining Rockefeller Group, Moore has been a member of the steering, investment and portfolio committees at a time of unprecedented growth for the company. As head of urban development, he led the expansion in major urban markets, focusing on New York City and Washington, DC.
Last year, the company announced a joint venture with The Meridian Group on Boro Tower, a 437,000 square-foot office building that is Rockefeller Group's first ground-up development in the Washington, DC, region. In addition, last May the company acquired a development site and associated air rights in Manhattan's NoMad district, an assemblage of three buildings, 30-36 E. 29th St., paying $98.7 million to owners Extell Development and W Brothers, as recorded in Real Capital Analytics.
Some of Rockefeller Group's most notable projects of the past two years include Flushing Commons in New York City, Amaray Las Olas in downtown Fort Lauderdale, LIV Northgate in Phoenix, and AVE Florham Park and Summit Medical Group MD Anderson Cancer Center in New Jersey. In addition, the company has completed several large-scale industrial projects totaling 2.4 million square feet in several states.
“Dan's broad background in real estate development and capital markets, business development and investment management, make him the right choice to lead Rockefeller Group in its next phase of growth,” says Rashin. “Together we have started to build strong momentum, with the largest development pipeline in our company's history, and I expect us to continue that expansion under his leadership.”
“Rockefeller Group has sharpened its focus in recent years on its Manhattan properties and on new development in our target markets nationwide, primarily in the office, multifamily and industrial asset types,” says Masuda. “Dan's leadership and hands-on experience has been very valuable as we've grown our development pipeline and will continue to be extremely important to our clients, joint venture partners and investors as we execute on our existing projects.”
During the past 10 years, Rockefeller Group has completed 11.4 million square feet of development, marking the most active decade in the company's history. One-third of that total, approximately 3.8 million square feet has been completed since 2016, when Rashin and Masuda were appointed co-presidents and CEOs. The company's current development pipeline has reached 17 million square feet, the largest since its inception. Rockefeller Group is a subsidiary of Tokyo-based Mitsubishi Estate Co., Ltd.
Before joining Rockefeller Group, Moore spent 16 years with Hines in New York City and Washington, DC, working in real estate development, investment management and capital markets. He had served as a captain in the US Air Force and received an MBA from The Wharton School at the University of Pennsylvania, majoring in finance and real estate, and earned his bachelor's degree in civil engineering from the University of Notre Dame.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
