John Frisch, who has served more than 20 years as regional managing director of commercial real estate firm Newmark Cornish & Carey, will step down from that post at the end of this year.
He will be succeeded by Devon Atlee, a senior vice president of office properties for the company. Atlee was recruited by Frisch to join the local firm 20 years ago.
Frisch, 62, said the changes were set in motion by the August acquisition of Santa Clara-based Cornish & Carey Commercial by BCG Partners Inc.’s Newmark Grubb Knight Frank.
“It’s just the right time to make a change...I also believe that every 20 years or so, you need a new manager,” said Frish in a phone interivew. Frisch has been managing director since 1992.
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Frisch, who has been managing director since 1992, said he is looking forward to more leisure time as opposed to overseeing the day-to-day demands of a public company.
But he’s not leaving the local firm. Frisch will continue on as a senior vice president: “I’m going to be an office properties guy. I’m going back to working on deals again...It’s a really nice deal, and I’m excited about it.”
Over more than 20 years, Frisch has been a high-profile presence in the Sacramento business community. He’s a former chairman of the Sacramento Metro Chamber, which last year named him 2013 Sacramentan of the Year. Frisch has served on the boards of numerous local organizations, including the Salvation Army, the Active 20-30 Club, the Rotary Club, Sutter Hospitals Foundation, SACTO, St. Hope Academy and the American Heart Association.
Call The Bee’s Mark Glover, (916) 321-1184.