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CIT Makes West Coast Expansion

IRVINE, CA-Industry veteran Mary Ann Jones will lead the expansion, which should add another three to four industry professionals.

By Daniel D. Williams | Updated on August 05, 2007

(Read more on the debt and equity markets and the multifamily market .)

IRVINE, CA-CIT Commercial Real Estate, a unit of New York City-based CIT Group Inc., has been turning deals in Southern California for a while now. Its bullish attitude toward the market inclined the firm to make a West Coast expansion, which industry veteran Mary Ann Jones will spearhead.

Jones comes aboard as a senior director of CIT Commercial Real Estate. She will report to Tim Zietara, managing director, structured finance, with CIT Commercial Real Estate. The New York City-based Zietara tells GlobeSt.com the company plans to add another three to four professionals in the Los Angeles and Orange County offices where CIT Group already has operations in place for its non-real estate related side of business.

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