Lawrence Gray and Robert Verrone have been named co-heads ofReal Estate Americas. The group covers all domestic of its realestate clients including public and privately owned real estateoperators, homebuilders and gaming companies, commercial mortgagebacked securities, structured finance, real estate corporatebanking, tax credit and agency finance, real estate syndications,and real estate collateralized debt obligation sales andtrading.
Gray is a managing director and former head of the firm's RealEstate Investment Banking group. He joined the company in 1997 toform the Real Estate Investment Banking group, which he has led forthe past 10 years. Verrone is a managing director and former headof Real Estate Capital Markets Americas. He joined Wachovia in1995.
Leslie Fairbanks is the new co-head and Dan Sullivan has beennamed as interim co-head, of Real Estate Asset Management, whichincludes Wachovia's CMBS servicing operation, construction loanunderwriting, and construction loan portfolio management. A formerattorney at several New York law firms, Fairbanks joined Wachoviain 1999. Sullivan previously managed the Debt Capital Markets teamwithin Wachovia's Real Estate Corporate Finance group.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
