Minneapolis—NorthMarq Capital, a commercial real estate investment banking firm, has announced a new executive organizational structure. Two longtime industry executives have been promoted to president, replacing Craig Butchenhart, who retired at the end of 2011.
The new structure and executive changes were announced by Ed Padilla, NorthMarq’s chief executive officer. Padilla has served as chief executive officer of the company for the last 10 years.
Jeff Weidell, managing director of NorthMarq’s San Francisco office, and William Ross, executive vice president based in Dallas, have been named NorthMarq presidents.
Mike Myers, who joined NorthMarq in 1987 and has been the company’s chief administrative officer, has been promoted to chief operating officer, overseeing the Freddie Mac Capital Services department, loan servicing, IT, finance, accounting, Human Resources and providing financial oversight at subsidiary Amerisphere Multifamily Finance, a Fannie Mae DUS lender.
The company continues to use a regional format for the management of its offices. Lawrence Stephenson, regional managing director/senior executive vice president, is responsible for oversight of offices primarily located in the western half of the U.S., and reports to Weidell. Those offices include Chicago, Denver, Kansas City, Los Angeles, Milwaukee, Minneapolis, Omaha, Phoenix, San Diego, San Francisco, Seattle, St. Louis and Washington, D.C
Timothy O’Connor, senior executive vice president/regional managing director, is responsible for the operations primarily in the eastern half of the U.S. and reports to Ross. Those offices include Atlanta, Baltimore, Boston, Charlotte, Dallas, Houston, Miami/Boca Raton, New Jersey, New York City/Long Island, Orlando/Jacksonville, Philadelphia, Rochester, Tampa, San Antonio and Westchester.
