Camden Exec Joins Morgan Group
Carter Bechtol has been named vice president of development for the Morgan Group, Inc. Bechtol previously served as a vice president in the investment group of Camden Property Trust. He will pursue new development opportunities in Texas and other Central U.S. states.
Jones to Lead West Coast Expansion
Mary Ann Jones has been appointed senior director of CIT Commercial Real Estate, a unit of CIT Group, Inc. Jones will be responsible for leading the West Coast expansion of the firm’s structured finance platform, including bridge and mezzanine loans, B-notes, and equity in commercial real estate transactions. She will be based in Los Angeles. Previously, Jones served as senior vice president of originations with Centerline Capital Group.
Passco Names New President
Carey P. Levy has been appointed president of Passco Companies Development, based in Irvine, Calif. Levy will be responsible for overseeing all of the firm’s development acquisitions, due diligence and entitlement, financing, construction, and marketing of development opportunities. He formerly served as senior vice president and director of acquisition, investment, and development for Granite
Investment Group. Bozzuto Names New Partner
Steve Strazzella, senior vice president of the Bozzuto Development Co., has been named partner of The Bozzuto Group. As a partner, Strazzella will participate in the strategic direction of and business planning for the Greenbelt, Md.- based firm. He will continue to manage the development of 2,000 apartment units in the metropolitan area of Washington, D.C.
Davis to Direct Lane’s Southwest Development
Jerry Davis has joined Lane Co., as a development partner for the firm’s new Arizona and Southern California division. Davis is founder and president of Vision Residential Group, based in Phoenix.
Pardoll is Tops in Seniors Housing
Marcus & Millichap recently recognized Michael Pardoll as the firm’s top seniors housing investment specialist for 2006. Pardoll, a vice president based in the firm’s Charlotte, N.C. office, facilitated transactions valued at more than $149 million.
Diversified Hires Operations Expert
Mike Menadue has joined Diversified Project Management, Inc., as a project executive. Menadue will lead the Newton, Mass.-based firm’s healthcare properties team. He formerly served as director of operations for The Red House Design Co.