MIAMI BEACH-A consortium of commercial real-estate firms has hired Toby Cobb and Justin Kennedy, two former executives of Deutsche Bank AG, for its LNR Property Corp., which it bought in the beginning of 2010. At Deutsche Bank, Toby Cobb served as co-head of US commercial property lending business and Justin Kennedy served as head trader of realty securities.
The consortium includes Oaktree Capital Management LP, Cerberus Capital Management LP, Vornado Realty Trust and iStar Financial Inc. For the full story, go to Wall Street Journal.
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