Tuesday, December 15, 2009

Crescent execs return to fold after Barclays takes over

Some former top officers of Crescent Real Estate Equities are rejoining the firm now that it has new owners.

Last month, Barclays Capital and former Crescent vice chairman John Goff set up a new company to acquire the Fort Worth-based real estate investor.

Crescent said Tuesday that it has rehired eight executives who left the company after it was sold to Wall Street firm Morgan Stanley in 2007.

The top officers returning to Crescent include Jason Anderson, who will be chief operating officer, and John Zogg, who will be managing director of leasing for properties in the Dallas area and Denver.

Crescent has stakes in 36 office buildings nationwide, including Dallas’ Crescent complex in Uptown and the Trammell Crow Center and Fountain Place towers downtown.

Barclays took over the Crescent assets after a unit of Morgan Stanley Real Estate was unable to meet debt payments on the properties.