Newport Beach-based Irvine Company has promoted two of its highest-ranking office property executives, Val Wheeler and Steve Case, and also has hired away the local head of operations for fellow developer Hines Interests LP.
Wheeler, president of the Irvine Co.’s office properties division, has assumed the newly created position of division chairman, the company announced Monday.
He still reports to Richard Gilchrist, president of Irvine Co.’s investment properties group. Wheeler joined Irvine Co. in 2003 and had been in his most recent role since 2007.
Doug Holte, a longtime executive with Houston-based Hines Interests who ran the company’s OC operations in Irvine, will succeed Wheeler as president.
Holte was one of four regional partners at Hines responsible for development projects, new investments and asset management in the Western U.S. During his two-decade career with Hines, he was responsible for more than $3 billion of office and life science property developments and investments.
In another personnel move, Irvine Co. promoted Steve Case to executive vice president of the office properties division. He had been a senior vice president for leasing.
In his new role, Case will continue to lead the leasing team, as well as expand his involvement in operations and other division activities, the company said.
Irvine Co. is OC’s dominant office landlord. It owns 475 office buildings in OC, San Diego and Los Angeles counties, and in Silicon Valley.
