Schnitzer Northwest Adds CFO

BELLEVUE, WA-Locally based Schnitzer Northwest has bolstered its headquarters staff with a new chief financial officer-slash-investment director. The real estate investment firm’s new executive is Jonathan Needell, most recently with Merrill Lynch in New York as director of the investment banking division’s corporate finance group.

Schnitzer Northwest’s chief investment officer Greg MacDiarmid says Needell brings to the table experience in real estate finance, deal structuring and negotiation, as well as extensive capital raising experience on both the debt and equity side. MacDiarmid says Needell’s primary responsibilities at Schnitzer Northwest will be debt and equity financing and lender and partner relations.

Needell has been with Merrill Lynch since 1992. He held several positions in the investment banking division’s real estate group prior to moving to the corporate finance group as a vice president in 2000. He was promoted to director of the group in 2002.