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The firm has brought on Jim McDevitt to serve as its new president. Based in the firm's Bethesda, MD headquarters, he will oversee Berkeley Point's day-to-day operations, including all production, underwriting and closing activities. Previously, McDevitt was an EVP and head of correspondent development for Wells Fargo Multifamily Capital.

ARCHSTONE

Chief operating officer at Denver-based Archstone since 2007, Charles E. Mueller Jr. has been promoted to president while retaining his COO title. Mueller has held various leadership positions with Archstone since 1994, including CFO, a title he held since 1998 and continued to hold while serving as COO. R. Webster Neighbor has joined the firm to succeed Mueller as CFO. Neighbor was most recently SVP at Lehman Brothers Holdings Inc., and managed Lehman's investments in Archstone after the investment bank took it private in 2007.

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