Ryan leaving Casey to start his own firm Move comes as industry is being transformed

February 18, 1997|By Kevin L. McQuaid | Kevin L. McQuaid,SUN STAFF

Matthew J. Ryan Jr., one of the area's most successful commercial real estate brokers of the past decade, intends to leave Casey & Associates Inc. and start his own company beginning March 1.

Ryan's decision to form Ryan Commercial Real Estate Services LLP comes after more than four years with Casey, a top local commercial real estate company, where he was a senior vice president and partner.

"The thinking behind it is to build a company that can serve institutional commercial real estate owners in the Baltimore-Washington corridor," said Ryan, 38. "Casey has been a great learning experience, in that it's taught me how to run a business effectively."

In the past five years, Ryan has been involved in sales and leasing transactions valued at more than $150 million.

Ryan's moves comes as pension fund advisers are transforming the local real estate industry from a business consisting primarily of individual entrepreneurs.

"Matt identified the institutional influence in the area quicker than anyone," said Creaney & Smith partner Mike Creaney, whose firm purchased the 120-acre Point Breeze Business Center in Southeast Baltimore in a transaction Ryan brokered.

Among the institutional clients with which Ryan has worked and is expected to continue to work are pension fund consultants Westmark Realty Advisors, Cabot Partners and AMB Institutional Realty Advisors Inc., who combined control real estate assets worth more than $15 billion.

"You never like to lose someone with the skills that Matt possesses," said Robert A. Manekin, Casey's president. "Fortunately, he's leaving on good terms and we look forward to doing projects with his new company."

Pub Date: 2/18/97

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