Sares-Regis Appoints President

Michael P. Bissell has been named president of Sares-Regis’ multifamily property management division. Bissell will succeed James V. Thomas, who retired at the end of 2007 after 16 years with the Irvine, Calif.-based real estate company.

Bissell previously worked at M.P. Bissell & Associates, a real estate consulting firm he headed in Walnut Creek, Calif. He has held senior posts with large multifamily trusts such as Equity Residential and Archstone.

Aztec Promotes Top Performer

Peter Mekras has been promoted to managing director for Aztec Group, Inc., a Miami-based real estate and investment merchant banking firm. Since joining the company in 2003, Mekras has completed transactions representing more than $1 billion and involving more than 11,000 multifamily units.

Madison Names Managing Director

Eric Scheffler has been named managing director and general counsel for Madison Realty Capital. Scheffler will help oversee the New York City firm’s loan portfolio and manage the lender’s corporate legal strategy. Madison is involved in a number of apartment and condominium financings. He formerly served as an associate director with Bear, Stearns and Co.

Arbor Establishes Presence in Washington

Arbor Commercial Mortgage has opened a new office in Kirkland, Wash. Brian Herc will relocate from Bloomfield Hills, Mich., to the new office to serve as originator. Herc is responsible for originating the firm’s multifamily and commercial product lines including Fannie Mae, Federal Housing Administration, bridge, mezzanine, and preferred equity.