Multi-Housing Executives on the Move

By Anuradha Kher, Online News Editor DYL Group Names M. Dale Reed As VP of OperationsMiami–DYL Group, a developer of luxury residential condominiums, hotels, resorts and retail/mixed-use projects, has named M. Dale Reed as vice president of operations.In this position, Reed [photo 1] will oversee the departments of information systems, human resources, marketing and sales. He will also assist the CEO with bringing in new business opportunities and projects development.“Dale’s impressive real estate experience with a variety of developments throughout the U.S., coupled with the wealth of knowledge he has acquired through several high-profile leadership positions, make him a welcomed and valuable addition to our team,” says John Yanopoulos, DYL Group president and CEO. Reed has overseen luxury condominium projects such as the Raffaello in Chicago and the Metropolitan in San Francisco’s financial district.Former Assistant HUD Secretary Named National CORE CEORancho Cucamonga, Calif.–Orlando J. Cabrera, the former assistant secretary of the U.S. Department of Housing and Urban Development (HUD), is now the CEO of National Community Renaissance, a non-profit affordable housing developer.“The nation’s need for affordable housing is growing exponentially, and National CORE is one of the very few organizations whose pioneering and comprehensive delivery model is transforming whole communities and improving the lives of low-income residents on a significant scale,” says Cabrera.Cabrera served as HUD’s Assistant Secretary for Public and Indian Housing from November 2005 until January 2008.“Cabrera’s extensive experience in all aspects of affordable housing dovetails with National CORE’s mission to preserve and develop affordable housing nationwide,” says Jeffrey Burum, chairman and founder of National CORE.“National CORE is well known for tackling tough projects and securing positive results,” says Cabrera.As Assistant Secretary for Public and Indian Housing, Cabrera was responsible for the management, operation and oversight of HUD’s $24 billion public housing, Section 8 and Native American programs.Before joining HUD, Cabrera served as executive director of the Florida Housing FinanceCorp. for nearly three years.NorthMarq Hires New Investment Sales Specialists for Commercial Investment Sales InitiativeBethesda, Md.–NorthMarq Capital has recently appointed Jim Kornick [photo 2], Jerry Burg [photo 3] and Matt Clinebell [photo 4] as investment sales specialists in the company’s newly launched commercial investment sales initiative, based in Washington, D.C.All three previously worked with the National Office and Industrial Properties Group of Marcus & Millichap. Kornick, who was a senior director with Marcus & Millichap, is a 25-year commercial real estate professional. Burg, also a senior director at Marcus & Millichap, has more than 35 years of commercial real estate experience.“As we build NorthMarq’s investment sales division into a major national real estate force, it will be led by seasoned professionals such as the new executives,” says Chip Ryan, executive managing director who joined NorthMarq in November 2007 to launch the nationwide investment sales program.