Rivers Named Senior Vice President and Managing Director of Lowe Enterprises
Washington, D.C. Office
WASHINGTON -- January 29, 2013
Mark S. Rivers has been named Senior Vice President and Managing Director of
Lowe Enterprises Real Estate Group’s Washington D.C. Metro operations. He will
oversee all commercial and multifamily activities in the Washington D.C. Metro
area including acquisitions, development, asset management and business
“Mark has made a tremendous contribution to the Washington D.C. team, first
with his expert guidance of the CityVista project and later with his oversight
of the Washington Hilton renovation,” said Rick Newman, CEO and president of
Lowe Enterprises Real Estate Group. “We are fortunate to have him at the helm
as we continue to expand our activities in the eastern U.S.”
Together with Rivers’ new role, Mike Balaban, who formerly led Lowe’s
Washington D.C. area operations, has assumed a larger strategic role for the
firm pursuing expanded national development strategies as well as continuing
to develop new business in the eastern U.S.
Rivers joined Lowe Enterprises in 2004. He oversaw the $150 million
restoration of the historic Washington Hilton Hotel as well as the development
of the award-winning $245 million CityVista project in the heart of
Washington, D.C. Previously, Rivers was Chief Operating Officer of a national
development management firm where he was responsible for all aspects of the
operating business and served as program and account manager for major clients
including Verizon, Fannie Mae, George Washington University, ExxonMobil,
American Red Cross and Northrop Grumman. He earned his B.A. from the
University of Virginia. Rivers is a resident of Washington, D.C.
Lowe Enterprises established its Washington D.C. area office in 1980, and has
been an active investor and developer of commercial real estate throughout the
region. Lowe’s current projects include the $70 redevelopment of 1400 Crystal
Drive in Crystal City and the Fort Totten Square mixed use project. Some of
the firm’s recent projects include the development of the $245 million
CityVista mixed-use project at 5^th and K Street, NW and the $150 million
restoration of the famed Washington Hilton Hotel in Washington, D.C.
About Lowe Enterprises
Los Angeles-based Lowe Enterprises is a leading national real estate
investment, development and management firm. Over the past 40 years, it has
developed, acquired or managed more than $17.5 billion of real estate assets
nationwide. Lowe is currently responsible for more than $5.5 billion of
commercial, hospitality and residential assets. In addition to its Los Angeles
headquarters, Lowe Enterprises maintains regional offices in Washington, D.C.,
Denver, Philadelphia, Southern California and Northern California.
Casey & Sayre, Inc.
Karen Diehl, 310-473-8090
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