CBL Properties Announces Retirement Of COO Gus Stephas

Tuesday, September 4, 2018

CBL Properties today announced the retirement of Gus Stephas, CBL’s EVP – chief operating officer, rounding out a nearly 50 year career in the real estate industry. 

“On behalf of CBL’s board of directors, employees and business partners, I would like to recognize and thank Gus for his dedication and contributions to CBL’s success over the years,” stated Stephen Lebovitz, CBL’s chief executive officer. 

“Gus has contributed to CBL and the shopping center industry in innumerable ways throughout his multi-decade career,” continued Mr. Lebovitz. “Gus has been an integral part of CBL since its formation, helping to hone the Company’s reputation as a first-class manager of market-dominant centers. His innate understanding of the business and his financial expertise have lent a beneficial perspective to CBL’s leasing and operations, leading to a stronger and more efficient organization. Gus is also known for his gregarious management style, which has energized the organization with a spirit of comradery and clearly demonstrated his passion for the industry and CBL.” 

Mr. Stephas’ retirement will conclude a nearly 50 year career in the real estate industry, including 40 years with CBL and its predecessor company. Mr. Stephas joined CBL’s predecessor company as controller at its formation in 1978. He was promoted several times throughout his career and in 2010 was named executive vice president and chief operating officer. Prior to joining CBL, he was affiliated with the shopping center division of Arlen Realty as an accountant and later as assistant controller. He relocated from the New York metropolitan area to Chattanooga in 1970 as part of the merger of Arlen’s shopping center division with Independent Enterprises, a Chattanooga-based developer of shopping centers. 

The effective date of Mr. Stephas’ retirement will be Dec. 31. Over the next few months, he will assist in the transition of responsibilities to other members of CBL’s executive team, including CBL’s EVP – Operations Mike Harrison. 

Chattanooga Broker Kathy Tucker Installed As 2019 President Of Tennessee Realtors

Kathy Tucker, managing broker of Crye-Leike Realtors in Chattanooga, was installed as 2019 president of Tennessee Realtors at its fall convention in Knoxville  on Friday . She will serve in this key role as leader of the statewide association’s 10-member executive committee.   Ms. Tucker,  CRS, GRI , is a veteran of 40 years as a R ealtor . She ... (click for more)

Riverview Home With 6,423 Square Feet Sells For $2,225,000

A house with 6,423 square feet of space in Riverview has sold for $2,225,000. The house at 1631 Hillcrest Road has four bedrooms and six baths. The sale was to John Foy Tr, Todd Phillips Tennessee Investment Services Trust from Ann Eliot Hon. A description of the home says, "This impressive Riverview home overlooking the Tennessee River is one of a handful of Neoclassical ... (click for more)

1 Killed In Crash On Highway 58 Saturday Afternoon

Highway 58 was shut down Saturday afternoon due to a head-on crash with a fatality near Linda's Produce. There were multiple emergency vehicles on the scene. Highway 58 was closed in both directions. More information will follow. (click for more)

Juvenile Shot On East 14th Street On Friday

A juvenile was shot Friday evening on East 14th Street. The Chattanooga Police Department responded at 6:45 p.m. to a person shot in the 2000 block of East 14th Street. Upon arrival, Officers located a male victim suffering from a gunshot wound to the abdomen. Hamilton County EMS responded to the scene and transported the victim to a local hospital. Members of the Violent ... (click for more)

Arming Teachers With Guns Will Be Too Dangerous - And Response (4)

Arming teachers with guns in the classroom, as Bill Lee proposes, would be the single most dangerous thing to happen to students in Tennessee history. Students and teachers in close proximity to loaded firearms daily? Across this state, in middle schools alone, there are probably hundreds of student/teacher conflicts a day. What if a student got hold of gun in a struggle with ... (click for more)

Roy Exum: On Saving A Soul

Not so long ago a top writer for the Washington Post was going through some of President Ronald Reagan’s papers and, among those his wife Nancy cherished, the Post’s Karen Tumulty happened to come across a deeply-moving letter. Four pages and written by his hand, it was a heartfelt message written by the president to his wife Nancy’s father in August of 1982. President Reagan ... (click for more)