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Executive Moves

Promotions and new hires.

By Sule Aygoren Carranza | Updated on June 20, 2008

Centerline Capital Group
NEW YORK CITY-With the departure of Larry Duggins, managing director of Centerline’s commercial real estate group, the firm is splitting the group into two and has appointed a pair of professionals to lead the divisions. William T. Hyman will lead the agency products division, while Mark F. Brown will head up the arm dealing with CMBS and commercial products, including equity funds. Both divisions are backed by Centerline’s portfolio management group, led by senior managing director and part ARCap president Paul G. Smyth. A 20-year industry veteran, Hyman joined Centerline seven years ago when the firm acquired PW Funding, which Hyman had co-managed. Brown joined Centerline as part of the firm’s collateral management agreement with Nomura. Duggins is retiring at the end of this month to attend divinity school at Southern Methodist University, as well as to help launch nonprofit youth-oriented foundations.

Apartment Realty Advisors DENVER-ARA has grown its local operations with two new associate brokers, Mike Murray and Jon Roberts. The two will specialize in the institutional apartment market. Previously, Murray was a senior associate with Moran & Co., where he handled underwriting, valuation and marketing due diligence for institutional multifamily product in the mountain states region. Roberts comes to ARA from Mackstaller & Co., where he advised investor clients in the procurement of income, development and condo conversion properties.

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