Subject: Executive Changes-CMBS (EXEC)

April 20, 2000 NEW YORK – CapitalEngine.com has hired Edward J. McGovern, former vice president of Greenwich Group International, to head up a new office in the Washington, D.C., area.McGovern was responsible for both equity and debt financing while at ...

April 18, 2000 NEW YORK – Aegis Realty Inc. (Amex:AER) has promoted Alan P. Hirmes, a senior vice president and member of the firm's board, to the post of interim chief financial officer, effective May 15.Hirmes is replacing John Roche, ...

April 17, 2000 NEW YORK – John B. Roche, former senior vice president of The Related Cos. financial services unit, has been named chief financial officer of New Plan Excel Realty Trust Inc. (NYSE:NXL) New Plan has been operating without ...

April 17, 2000 BOSTON – John P. Fowler, one of the founders of a Holliday Fenoglio Fowler predecessor, is taking the helm of the firm's Boston office.Fowler, who had been running the mortgage firm's northeastern operations and managing national accounts, ...

April 14, 2000 NEW YORK – The board of directors for Starwood Financial Inc. (NYSE: SFI) has named Jay Sugarman, Starwood Financial's president and chief executive officer, to the added position of chairman of the board, effective immediately. Sugarman will ...

Rochelle Dobbs, recently hired at Banc of America to run its CMBS Capital Markets Group, is also running the firm's conduit originations unit. She's replacing Carmela Anderson, who has been given a new role in the bank's new e-commerce initiative.

April 14, 2000ROCKVILLE, Md. – Howard Biel has resigned from his position as senior vice president-chief development officer of Federal Realty Investment Trust (NYSE:FRT), effective May 15.Biel plans to re-launch his Washington-based commercial real estate development company, Palisades Realty Development.

The investment-sales boutique is getting more formidable through recent hires. Among those joining are Stephen Livaditis and Jeff Stone, top producers at Cushman & Wakefield.

April 13, 2000 BOSTON – Brian Kavoogian, a senior managing director of Holliay Fenoglio Fowler LP has joined The Davis Cos., a Boston investment, management and development firm, as principal.Kavoogian, who had been with Holliday, a mortgage bank, for the ...

April 13, 2000 ATLANTA – J. Donald Nichols has resigned as chairman of JDN Realty Corp. (NYSE:JDN). Nichols has also resigned as director of JDN Development Inc.He had previously resigned as chief executive of the REIT.