COSTA MESA, Calif. – Thomas L. Schriber, Donahue Schriber co-founder and chairman of the board, has retired, relinquishing his role to president, CEO and 30-year company veteran Patrick S. Donahue, as part of the company’s succession plan. Schriber is staying on as chairman emeritus and an active board member while Donahue assumes the responsibilities of chairman of the board and continues to serve as CEO.
Schriber has spent the past 41 years at the helm of Southern California-based Donahue Schriber, the retail real estate firm he established with his late partner, Daniel W. Donahue. "Dan and I always believed in looking ahead and planning for the company's future," said Schriber. "My retirement is part of a succession plan created by Dan and myself to utilize the pool of talented individuals who have demonstrated the ability to lead Donahue Schriber."
Schriber added, "Dan and I founded the company on the belief that a team approach would be a key to our success. The executive team members have worked together for many years and have proven themselves in both good and challenging times. It’s what Dan and I envisioned."
Throughout his 30-year career with the company, Pat Donahue has worked in every aspect of Donahue Schriber's business including leasing, asset management, development and corporate strategy. He is actively involved with the International Council of Shopping Centers (ICSC) and is a past Trustee of its Board of Directors.
As part of the transition, Lawrence P. Casey takes on the role of president, adding to his duties as COO. During his more than 33 years in real estate and investment, Casey has managed over $4.5 billion of assets nationally. He joined Donahue Schriber in 2000 as its CFO and also represents the company through active involvement with ULI.
Donahue Schriber has been involved in nearly 32 million square feet of retail properties in its 41-year history. Structured as a private REIT (Real Estate Investment Trust), the firm owns and/or operates a portfolio of 84 neighborhood, community, community lifestyle and power shopping centers representing over 12 million square feet throughout California, Nevada, Arizona and Oregon. For more information about the company, visit its website at
