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CHICAGO-The demise of once revered audit firm Andersen has produced a hiring opportunity for a local advisory firm. Stephen A. Stoner, former managing partner of Andersen’s US real estate advisory group has joined FPL Associates LP as managing director while Noah D. Shlaes, a former director in Andersen’s real estate group, signs on as senior director.

In their new roles, Stoner and Shlaes will offer advice to corporations, real estate operating companies and investors, according to FPL Associates. Stoner and Shlaes spent 14 years each with embattled Andersen. They bring along Mary Machalski, formerly a senior consultant in Andersen’s Chicago office, as a director.

Stoner is the only two-time winner of the Apgar award, given by the International Association of Corporate Real Estate Executives for published research.

FPL Associates LP is the consulting and financial advisory arm of FPL Advisory Group.

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