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