ALERT

THE WEEKLY UPDATE ON THE

INSnnJTIONAL MARKETPlACE

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AI.ERT

THE GRAPEVINE

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Atlantic and Southeast regions. He also oversaw asset managing in the Wash­ ington area.His plans are unknown. Deluca had been at New York–based

sible for the firm's overall operations, reporting to president Jeff Damavandl. Panich most recently was a principal

at Beverly Hills-based Wilshire Capital

CBRE Global Investors has re–opened the bidding process. The 221-unit property, at 800 Madison Street in Hoboken, has an estimated value of about 5125 mil­ lion, or $566,000/unit. The buzz is that broker CUshman & Wak.Bfield lined up

an unidenti1ied buyer, but the deal hit

an unspecified snag. While that transac­ tion evidently might still be completed, CBRE has asked HFF to come up with alternative bids.

CUshman & Wakefield's senior apartment broker in Denver, Pat Stucker,left two weeks ago.His plans are unclear. Stucker, who was an executive director,helped form

Cushman's Denver apartment team in
2006.The brokerage has several junior
staffers in Denver, but is likely to hunt
for a replacement to lead the team.
Longtime Clarion Partners acquisitions executive Marc Del uca left last month. As a managing director in Washington, he focused on acquisitions in the Mid-
Clarion for nearly 16 years.

Jonllthan More has joined Mission Capital as a director.He will line up equity and debt for the brokers clients, particularly developers,owner–operators and private equity shops. More previously worked

at Aclunlll..zlfl Real Estate,where he focused on capital raising and loan sales. He reports to Mission principal David Tobin and managing director Jonlln Ray, who heads the debt and equity finance group.

Artemis Real Estate wants to hire a prin­ cipal to help raise capital. Candidates should have at least 10 years of experi­ ence. preferably in soliciting capital
for real estate vehicles. The recruit would report directly to chief executive Deborah Harmon and could be based in Washington or New York.
Michael Panlch joined Dylan Investment Properties of Los Angeles last month as executive vice president He's respon-

Investments. Dylan invests in mixed­

use, multi–family, medical-office and

retail properties. Executive search fum Rm Associates recruited Panich for Dylan.

Fund shop Singerman Real Estate has hired a head of asset management Joseph Concepcion joined the Chicago firm last week to manage individual properties and work with the acquisi­ tions staff to underwrite potential deals. He previously spent more than 15 years at Pnrtrnark Real Estate of Chicago, leaving as a managing director focused on asset management. Concepcion reports to managing principal Seth Singerman, a former GEM Realty capital executive who launched his own shop

in 2009.

cassldy Turley has an opening for an analyst in San Francisco.Candidates should have at least three years of expe­ rience and a bachelor's degree. prefer­ ably in finance or business.