Cord Meyer Development Company has named Matthew Whalen, formerly senior vice president of development at AvalonBay Communities, president and CEO. Whalen succeeds Sal Panico, who retired in April and serves on the company’s.
“Matt brings to Cord Meyer unprecedented development expertise and extensive knowledge of the region’s real estate markets,”observed Anthony Colletti, COO of Queens-based Cord Meyer. “He is a highly respected innovator who helped transform the residential rental landscape during his impressive two-decade tenure at AvalonBay.”
At AvalonBay — a developer of residential rental communities — Whalen was responsible for leading the Arlington, Va.-based real estate investment trust’s development and acquisition activity across Long Island, Westchester and Connecticut, bringing more than $1.5 billion of new rental development and more than 5,000 apartments to those markets.
Whalen began his career with Toll Brothers in New Jersey and held vice president positions at Security Capital, Homestead Village, Crimson Partners and Cogent Communications before joining AvalonBay. He retired from AvalonBay in June.
