SCT By Amanda Metcalf Editor in Chief, SCT – Linear Retail Properties CEO Bill Beckeman retired in June. The company has promoted Aubrey Cannuscio to chief investment officer and Joel Kadis to chief real estate officer. The pair will take over leadership of the company in Beckeman’s place and have been appointed to the company’s board. Each has been with the company since Beckeman founded it in 2003. Cannuscio will oversee acquisition and financing efforts, and Kadis will handle leasing, asset management, construction and development. Linear currently owns 88 retail properties.
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Shopping Centers Today– Not all father-daughter combinations work side by side in the industry, but they may still share a common bond that augments the family relationship. Such is the case with William (Bill) Beckeman, president and CEO of Burlington, Mass.-based Linear Retail Properties, and his daughter Bridget.
Bill founded Linear Retail, which owns, acquires, develops and manages retail properties in New England, in 2003. He is trained as a structural engineer, but also spent years in property management with John Hancock Properties and as a partner with Finard & Co. He has two daughters. Bridget, 28, is a Harvard graduate and has been an asset manager at Jamestown Properties since 2014. Her sister, Lily, 26, lives in New York City and is involved in the fashion industry.
Shopping Centers Today– Craft Beer is providing quite the buzz to the retail market. There are nearly 2,400 craft breweries now operating in the U.S., and both volume and dollar share of the entire U.S. retail beer market is growing rapidly. And it is not just the beer connoisseurs of the world who are enjoying a tasty beverage. “Even the average Joe has engaged in craft beer,” said Darren Tristano, an executive vice president at Technomic, a Chicago-based food-industry research and consulting firm. “It’s not too expensive; craft beer is an affordable indulgence, and consumers are willing to spend more money for it.”