Veteran Economic Development Leader Directing RACER Redevelopment Initiative
Birmingham, MI / June 20, 2011 — Bruce Rasher, a former mayor, community leader and senior official of the world’s largest real estate firm, has been named Redevelopment Manager of The RACER Trust.
Mr. Rasher previously managed CB Richard Ellis’ North American manufacturing and brownfields specialty practice groups, based in Detroit. He also served two terms as mayor of Marshall, Mich., from 1995-98. Mr. Rasher is responsible for managing the sale, lease, and other redevelopment of the properties, in conjunction with community, state, federal and Tribal officials in each location. The RACER Trust is the third-largest owner of industrial property in the United States, and the largest environmental response and remediation trust in U.S. history.
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