Subject: Executive Changes-CMBS (EXEC)
Brian Lancaster Joins RBS as Head of CMBS, ABS, MBS Strategy
BrianLancaster, long-time CMBS analyst and most recently chief investment officer ofWachovia Capital Markets' real estate division, has joined RBS Securities ashead of CMBS, MBS and ABS strategies. Lancasterhad left Wachovia recently, some time after the bank's acquisition by WellsFargo. At ...
Michael Pralle Resigns as President of J.E. Robert Cos.
MichaelPralle, who joined J.E. Robert Cos. as president and chief operating officer inlate 2007, has resigned for personal reasons.Pralle'sresignation was first reported by PrivateEquity Real Estate. A company spokeswoman confirmed his resignation andsaid the McLean, Va., real estate firm was ...
Lehman, Batchvarov Named Co-Heads of BofA’s CMBS Research
Commercial Real Estate Direct Staff ReportRoger Lehman and Alexander Batchvarov, both alumni of Merrill Lynch, have been named co-heads of Banc of America Securities' structured-products research team. BofA completed its acquisition of Merrill earlier this month.The hiring of Lehman and ...
Rob Verrone Joins New York Hedge Fund Manager
RobertVerrone, the former managing director of Wachovia Securities' commercialmortgage-origination group, has joined Scoggin Capital Management to oversee aneffort to invest in commercial mortgages.Verrone,who left Wachoviaearly this year, had been among the best-known dealmakers in the CMBS industry,fashioning large financings that ...
Bear’s Steve Gordon Tapped to Lead CMBS Effort at MKP Capital
Steve Gordon, a former managing director at Bear Stearns' CMBS trading desk, has joined hedge-fund manager MKP Capital Management to expand its activities in the commercial real estate securities markets. Gordon was with Bear for 10 years and also traded ...
Babson’s Ken Hargreaves to Retire
Kenneth Hargreaves, the head of Babson Capital Management's real estate finance group, is retiring at the end of the year and Robert Little, a 21-year veteran of the investment manager, has been named to replace him. Hargreaves has been with ...
Annaly Taps Kevin Riordan to Examine CMBS
Annaly Capital Management Inc. has hired Kevin Riordan, a former senior executive with TIAA-CREF, to evaluate CMBS and other possible commercial real estate investments for its investment-advisory operation. Annaly, a New York REIT with $59.7 billion of assets, primarily residential ...
Mark Finerman Seen Leaving RBS Greenwich
Mark Finerman, the head of real estate finance at RBS Greenwich Capital, is resigning after a six-year tenure at the investment bank. He becomes the second high-ranking real estate executive to leave RBS in recent weeks, victims of the market's ...
Triple Net Founder Launches Investment Firm
Anthony Thompson, the founder of Triple Net Properties, has launched Thompson National Properties, an investment operation that would pursue opportunistic properties in major metropolitan areas. He will capitalize the venture's activities through a network of high net-worth and institutional investors.
JER Partners Hires Big Capital-Raising Guns; Aims to Supercharge Growth
The McLean, Va., real estate company has hired James W. Green from Citigroup Property Investors and Mark Chamieh from UBS as part of a broad effort to develop a global investment-management operation. The two are charged with raising capital and ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
