Colony Capital, Inc. (NYSE: CLNY) yesterday announced the relocation of its corporate headquarters from Los Angeles to Boca Raton, FL, effective as of January 1, 2021. The address for the new corporate headquarters is 750 Park of Commerce Drive, Suite 210, Boca Raton, Florida 33487. In addition, Colony announced the appointment of select corporate officers to new roles as part of its ongoing digital transformation.
Digital Colony, the company’s digital infrastructure investment management business has been based in Boca Raton for over a decade. The company said the move supports management’s ongoing focus on streamlining their corporate structure. Select corporate personnel and activities will transition to Florida, while the company maintains its Los Angeles office to support its investment and corporate operations.
“We are excited to strengthen our presence in Florida and make Boca Raton our official global headquarters,” said Digital Colony CEO Marc Ganzi. “The move reflects our business transformation and centers the business around our core digital infrastructure platform. Making this move improves efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees. We will continue to have a meaningful presence in Los Angeles, with many key executives and staff based there.”
On December 30, 2020, the company completed a series of personnel changes. The Board of Directors appointed Sonia Kim as the company’s Chief Accounting Officer, effective January 1, 2021. Kim has been with Colony since 2008, and prior to this appointment, served as Managing Director, Finance & Accounting. Neale Redington has been appointed Chief Financial Officer of the company’s non-digital businesses and Brian Lee has been promoted to Corporate Treasurer.