Stephen Roel Retires as Chief Executive Officer of S.D.-based Roel Construction
While America watched in horror as hijackers flew airplanes into the World Trade Center towers in New York City nearly two weeks ago, property managers thought of the tenants in their own properties and shuddered to think what would happen if terrorists attacked their buildings.
Building Owners and Managers Association International, which is headquartered in Washington, D.C., and BOMA San Diego are collecting information on building security and tenant safety for its members and tenants of commercial buildings. The information is posted at (www.boma.org/emergency).
Through its Commercial Real Estate Education and Research Foundation, BOMA International is collecting tax-deductible donations for a relief fund, which will directly benefit the people affected by the World Trade Center attack. Donations should be mailed to the foundation to the attention of Ann Coslett at 1201 New York Ave. NW, Suite 300, Washington, D.C. 20005.
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Retiring:
Stephen C. Roel has retired at the age of 55 from his post as chief executive officer of San Diego-based Roel Construction Co.
The 55-year-old Roel will remain a shareholder and a member of the company’s board of directors. He will stay involved with the company as an adviser to senior management and will assist with nurturing client relations.
Roel and his wife plan to take life a little bit slower, travel and spend more time with friends, he said in a press release.
According to Roel President Kevin Elliot, Stephen Roel’s nephew, the company’s directors have no immediate plans to appoint a new CEO. Elliot said, “Steve set us on a prosperous course. We have no plans to alter that course because, quite simply, it works.”
Lawsuit:
A class action lawsuit has been filed on behalf of five homeowners in Santee’s 43-home Prospect Hills development against the homebuilder regarding alleged construction defects.
Anderson & Kriger of La Mesa filed the action in San Diego Superior Court with defendants named as Prospect Hills II LLC; Michael A. Grant, a general partner in the company; and M. Grant Construction Inc.
Plaintiffs are Randall and Joanne Catron, Stephen and Mary Knierim, Pete and Kathy Sciarrino and Leonard Sciarrino, Dennis and Connie Walker, and Richard and Linda Benning.
Complaints in at least one of the homes include cracked stucco, a bathroom door that will not close, and sprinklers that flood the back yard. Another complaint is cracked driveways and garage floors, according to an Anderson & Kriger press release.
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The Finest:
The San Diego chapter of the National Association of Industrial and Office Properties is looking for entries for its new Finest Awards.
Awards will go to the best projects in San Diego County completed between Jan. 1, 1998, and Dec. 31, 2000, in the categories of build-to-suit office, build-to-suit industrial, Class A office, flex office/research and development, industrial/manufacturing, and interiors.
Entries must be submitted by Oct. 1 by a San Diego NAIOP member. The entry fee is $150 per submission.
The awards will be handed out at 5:30 p.m. on Dec. 6 at the Mission Bay Hilton. For more information contact Karen Gerry at (619) 231-8511.
It’s A Boy?:
The San Diego chapter of Commercial Real Estate Women has chosen Curt Arnett, president of Torrance-based Arnett Construction, as its president in 2002. Arnett is the first male president of any CREW chapter.
Arnett Construction is a corporate and national sponsor of CREW.
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Results Are In:
Almost 57,000 people attended the Tour d’Elegance Luxury Home Tour and American Society of Interior Designers Showcase produced by the Building Industry Association of San Diego County. The event featured homes at Cielo in Rancho Santa Fe from Aug. 2 to Sept. 3.
A total of $46,000 from the proceeds of the tour and showcase was donated to BIA Cares for Kids, Greater San Diego Inner City Games Foundation, Pro Kids Golf Academy and Learning Center, SDSU Literacy Center, and Magdelena Ecke YMCA.
Scholarships:
The San Diego chapter of the Society of Industrial Realtors in conjunction with the society’s educational foundation has awarded $1,000 scholarships to two University of San Diego graduates, Jenay Llewellyn and Patricia Ann Areias.
Llewellyn graduated in May with a business administration degree in marketing and finance. She is pursuing a commercial real estate career and had an internship locally with The Allen Group of Carlsbad.
Areias also graduated in May with a business administration degree in real estate and finance. She is working with San Diego-based A.W. Arendsee Commercial Real Estate.
Both scholarship winners applied for the scholarships as seniors at the university and intend to use the scholarships awarded post-graduation for college expenses, graduate school expenses or to help with the transition from college to the business community.
Send residential and commercial real estate news to Mandy Jackson via fax at (858) 571-3628 or via e-mail at mjackson@sdbj.com.
