Streamlining of Operations : Mission Viejo Realty Restructures Units
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In an effort to streamline operations, the Mission Viejo Realty Group has restructured its operating divisions, created a new unit and shifted some responsibilities among top managers.
Instead of operating with separate divisions in California and Colorado, the realty group--parent of the Mission Viejo Co.--aligned its activities last week under two operating units that handle separate lines of development in both states, said spokeswoman Wendy Wetzel.
The reorganization is a result of the company’s growth in residential and business properties, said Philip J. Reilly, 56, of Highlands Ranch, Colo., president and chief executive of the realty group and former president of the Mission Viejo Co.
Under the reorganization, the 23-year-old Mission Viejo Co., the realty group’s principal subsidiary, will handle all residential and related development in the 10,000-acre Mission Viejo and 6,600-acre Aliso Viejo areas of Orange County and in the 12,000-acre Highlands Ranch project south of Denver.
James G. Gilleran, 54, of Mission Viejo was named president of Mission Viejo Co., replacing Reilly. Gilleran also was named to the new post of chief operating officer of the company and retains his title as president of its California division.
The realty group’s newly formed Mission Viejo Business Properties division will handle business and commercial development in all of the projects. Jack G. Raub, 50, of Newport Beach was named president and chief operating officer of the unit. He also retains his title as president of the Jack G. Raub Co., an engineering company that became a unit of the realty group under the reorganization and that had been a subsidiary of the Mission Viejo Co.
James G. Toepfer of Highlands Ranch retains his title as president of the Colorado division of the Mission Viejo Co. and will be in charge of planning for all three units--the Mission Viejo Co., Mission Viejo Business Properties and the Jack G. Raub Co.
Gilleran, Raub and Toepfer also continue as executive vice presidents of the Mission Viejo Realty Group.
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