GRAMERCY CAPITAL CORP.
The New York City-based firm has
selected Jon W. Clark as its new chief
financial officer and treasurer. He succeeds John B. Roche,
who resigned last month.
Clark will retain his role
as chief accounting officer, a post he has held
since March. Prior to
that, he was Gramercy’s
vice president and con-
troller. He joined the
company in June 2007
from BlackRock Financial Management,
where as a director he managed the
accounting and finance department for
real estate debt products.
United Campus Housing Management
Group has brought on Rob Martin as
its new chief operating officer. He brings
more than 15 years of
experience to the Austin-based student housing
manager and service
provider, including stints
at American Campus
LLC and FirstWorthing.
In 2007, Martin formed Campus
Housing Consulting to fill the advisory
need for owners and investors entering
or expanding in the student sector.
The firm has promoted Larry Mendez
to the position of senior vice president in the San Antonio office. In this
new role, he will work
with the leasing team
on tenant and landlord
representation and new
In his seven years with
has closed more than
240 transactions totaling
over one million square
feet and worth more than $98.3 million.
Fannie Mae Shakes Up Executive Branch
Washington, DC—Mortgage giant Fannie Mae has seen a whirlwind of executive changes in the past
month. In late April, the GSE’s board of directors selected Michael J. Williams as president, CEO and
a board director. He succeeds Herbert M. Allison Jr., who was enlisted by the US Department of the
Treasury to serve as Assistant Secretary for Financial Stability and Counselor to the Secretary.
Previously, Williams served as EVP and chief operating officer at Fannie.
He has spearheaded the bolstering and restructuring of the company's
foreclosure-prevention and loss mitigation operations, and this year he
has led the GSE’s efforts to carry out the Administration’s Making Home
Affordable loan refinance and modification initiatives. As COO, Williams
oversaw the firm’s credit operations, technology, enterprise operations,
human resources, community and charitable giving, compliance and ethics,
corporate facilities and security and corporate procurement functions.
Barely a day after his appointment, Williams named three new executive
vice presidents, rounding out Fannie’s change in leadership. “We're very
pleased that the company continues to attract top talent as we continue to
build and realign to better serve the market and prevent foreclosures during
these difficult economic times,” he said in a statement.
Timothy J. Mayopoulos, who possess 25 years of legal experience, is now EVP, general counsel
and corporate secretary. He comes to Fannie Mae from Bank of America, where he worked for the
past five years as EVP and general counsel. Mayopoulos was charged with the delivery of all legal
services for the financial services company.
Meanwhile, Edward G. Watson has been named executive vice president of operations and technology. He joins Fannie with more than 25 years experience in the financial services industry. Watson most
recently served as global head, capital markets operations and ICG business services at Citigroup.
Also new to the mortgage giant is Kenneth J. Phelan, who has been selected as EVP of enterprise
risk management. He most recently was a senior executive vice president in the risk management
group at Wachovia Corp.
Fannie’s chairman of the board, Philip A. Laskawy, said in a release, “Fannie Mae continues to
play a central role in the collective effort to prevent foreclosures, stabilize the markets and hasten
recovery. As we continue fulfilling this important mission, it is critical that we have a highly skilled
leadership team in place moving forward.”
He continued, “These appointments will strengthen the company and bolster our ability to fully
execute the Administration's Making Home Affordable plan.”
NAI FRIEDLAND REALTY
Anthony J. Lembeck has risen in
the ranks to the position of chief
operational officer at
NAI Friedland Realty,
a Yonkers, NY-based
commercial real estate
firm. Previously an exec-
utive vice president and
industrial division head,
Lembeck joined the
firm in 1995 after retir-
ing from the practice of
real estate law in Manhattan. In 2007,
he was named manager of the firm’s
The newest senior vice president at
Colliers International’s Irvine, CA office
is Mehran Foroughi.
The retail investment
specialist comes to the
firm from Sperry Van
Ness, where he consistently ranked among
the top 10 producers
across the country.
Since 2006, Foroughi
has closed transactions
worth more than $120 million, and has
racked up almost $250 million in deals
over the past five years. ◆
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90 REAL ESTATE FORUM MAY/JUNE 2009