Q: Describe the multifamily industry in terms of career opportunities.
A: This is a wonderful industry. You can start in this industry as an analyst, and once you understand the principles of the business, you can do a number of different careers, whether it’s working for or as a principal, in asset management or at a lending institution.
CB Richard Ellis has hired Peter Donovan, the former CEO of Deutsche Bank Berkshire Mortgage, as senior managing director of the firm’s multi-housing group. In his new role, Donovan will oversee both debt and equity originations and multihousing sales nationwide for CBRE. Also, Ron Halpern, the former president and COO of Deutsche Bank Berkshire Mortgage, has joined CB Richard Ellis Capital Markets as managing director of the firm’s multihousing group.
Jay Massirman has stepped down from his position as head of the South Florida multihous-ing group of CB Richard Ellis, fulfilling a longstanding company succession plan. Massirman, who was in that role for 20 years, plans to move into the real estate investment and development arena.
David Frosh has announced his resignation as president of Sperry Van Ness. He plans to stay with the company through its leadership transition.
Todd Katler will leave his position as director of sales at Rent.com at the end of January 2007 to join Level One as vice president, business development.
Sperry Van Ness has named Tim Wrightman director of organization development in its Chicago office. Wrightman, a former Super Bowl champion with the Chicago Bears, previously was vice president of sales and business development for Advantage Marketing. Sperry Van Ness also has expanded its business to Ocala, Fla., where Bartow McDonald IV will be managing director and senior advisor. Prior to joining Sperry Van Ness, McDonald was vice president of acquisitions and development for Cope Properties.
Kevin Hurley has been named senior investment officer in Hendricks & Partners’ Pasadena office. He will focus exclusively on the acquisition and development of multi-family communities.
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