(To read more on the debt and equity markets, click here.)

NEEDHAM, MA-Potomac Realty Capital LLC has selected Stephen E. Vickery to be chief financial officer. Daniel M. Palmier, president & CEO, says that Vickery will lead several initiatives the company plans to launch this year, including developing its servicing activities, placing its first collateralized debt obligation and issuing preferred securities.

Overall, Potomac Realty's financial goal is have balance sheet assets reach $1 billion by year-end, from its current internal value of about $400 million, Palmier says. The firm, nearly two years old, did its first balance sheet loan in November 2004. Last year it did $1 billion in transactions, primarily on the eastern seaboard, according to Palmier.

More recently, Potomac Realty, which provides bridge, mezzanine and permanent commercial real estate loans, completed a handful of transactions in the West and Midwest, from Chicago to Arizona. "We will pick opportunities in pretty much any market in the country," Palmier says.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.