Prominent brother-developers retiring in Ohio

AP News
Posted: Dec 29, 2009 12:54 PM

Two brothers are retiring from top jobs at an Ohio shopping mall development company with properties in 11 states.

The Cafaro Co. of Youngstown says president Anthony M. Cafaro Sr. and vice president John J. "Jay" Cafaro will retire Thursday. Each has worked for more than 35 years with the family-owned company.

The announcement Monday says the retirements are part of a transition to wider leadership roles by another generation of family members.

The company's portfolio includes more than 50 shopping centers, in Washington state, Oregon, Iowa, Michigan, Ohio, Kentucky, Pennsylvania, Tennessee, West Virginia, Virginia and North Carolina.

John Cafaro's daughter, Capri, is a Democratic state senator representing a district north of Youngstown.