People Movers

Ocwen dumps Fitch, names interim CEO

Ending contract with ratings agency, also names replacement for departing CEO
Over the years, Fitch Ratings has frequently commented about Ocwen Financial, issuing reports and ratings actions about the nonbank’s business dealings, trials and tribulations. Well, that’s about to come to an end. But that's not the only big news that Ocwen made on Monday.
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Cushman & Wakefield files for IPO

Real estate giant files for IPO, hoping for $1 billion and valuation of $5 billion
Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. Last year, Cushman’s revenue was $6.92 billion. In 2017, CBRE registered $14.2 billion and JLL registered $7.9 billion in revenue.
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Joe Cartellone joins BBVA Compass as director of mortgage banking and home equity

20-year industry vet to take charge of BBVA's U.S. mortgage business
BBVA Compass appointed Joe Cartellone as its director of mortgage banking and home equity. In his new role, Cartellone will head BBVA Compass’ mortgage and home equity business across the U.S., including mortgage and home equity originations, servicing, secondary marketing and portfolio management.
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Hunt Investment Management hires Evan Abrams

Will spearhead marketing and investor relationship building
Hunt Investment Management hired Evan Abrams as senior vice president to lead marketing and investor relations functions and bring in new capital partnership for the firm. Abrams is joining Hunt from Hodes Weill & Associates.
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ARMCO names Sharon Reichhardt vice president of client success

Will oversee professional services division
ACES Risk Management Co. announces the promotion of Sharon Reichhardt as vice president of client success. Reichhardt, will oversee ARMCO’s professional services division and manage ongoing adoption by customers of the full feature-set of the ACES Audit Technology platform, ARMCO’s flagship product.
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A new multifamily consultation firm enters the ring in New York

Carole Bloom launches the Bloomstone Group to cover the gamut of multifamily needs
A new multifamily real estate company launched in New York today. Bloomstone Group, a full-service real estate advisory firm, will offer its services in consulting, development, marketing, sales and leasing for multifamily residential projects and condominium properties.
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Waterstone Mortgage appoints A.W. Pickel as president

Will be based in the Pewaukee, WI corporate office
Waterstone Mortgage announces the appointment of A.W. Pickel as company president, specializing in the management of day-to-day operations and administrative duties. Pickel’s appointment comes off the heels of significant company growth.
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Walker & Dunlop taking on the West Coast, hires Javier Rivera to develop its investment sales platform

Rivera will serve as senior vice president of new West Coast investment sales office
Walker & Dunlop hired Javier Rivera as senior vice president to help lead its newly minted West Coast multifamily investment sales team. Before he signed on with Walker & Dunlop, Rivera was an executive vice president with JLL’s Capital Markets Group and built the company’s multifamily investment sales and finance business in Southern California.
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Mack-Cali exec leaves for greener pastures

Vice Chairman and one-time CEO Mitchell Rudin is pursuing a position with another company
Mack-Cali Realty’s Vice Chairman and one-time CEO Mitchell Rudin is parting ways with the office and multifamily focused real estate investment trust on his way to greener pastures. Rudin has been with Mack-Cali since 2015.
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