Molly H. Bordonaro, sales associate for Portland, Ore.-based commercial real estate firm Norris, Beggs & Simpson, has been appointed by President George W. Bush to the board of directors for Fannie Mae, the largest non-bank financial services company in the world. Bordonaro, who served for the Bush-Cheney political team as both regional chair of the western states as well as chair of Oregon Victory 2000, is one of four appointees to the board. Prior to joining Norris, Beggs & Simpson, she owned her own public relations and public affairs company.
Charlie Jenkins Jr. has been named the new CEO of Lakeland, Fla.-based Publix Supermarkets Inc. The 32-year company veteran replaces his cousin, Howard Jenkins, who will continue as chairman of the board. Charlie Jenkins started his career with Publix in 1969 as assistant to the vice president of real estate. Since then, he has served in a variety of capacities, most recently as chairman of the executive committee.
James P. Cate has joined Julien J. Studley Inc.'s Atlanta office as corporate managing director. He now will take a more active national role in addition to continuing to lead the Southeastern Investment Services Team. Since joining Studley in 1999, Cate has been involved in more than $300 million in commercial investment and sale-leaseback transactions throughout the United States.
Donna Summers has been appointed executive director of operations for Dallas-based FirstWorthing, a multifamily housing company. In her new role, Summers will oversee the operations of all FirstWorthing multifamily complexes in Texas, Kansas and. She has 17 years of industry experience, including stints at Greystar Property Management, Archstone Communities, Gables Residential Trust and Trammell Crow Residential.
Timothy Hayes, managing director of the Los Angeles-based American Industrial Real Estate Association (AIR) and Joy De La Cruz, the association's veteran controller, have been named managers for AIR. They will replace Ron Surace, who resigned to pursue other business interests. Hayes will focus on the strategic direction of AIR, including membership growth and business alliances, while De La Cruz will continue to oversee all aspects of AIR contracts and forms, and all events.
James A. Fleming has joined Atlanta-based real estate development company Cousins Properties Inc. as senior vice president, general counsel and secretary. Fleming replaces Tom G. Charlesworth, who was promoted to executive vice president and CIO in January 2001. Previously, Fleming served for seven years as a partner in the Atlanta-based commercial real estate law firm of Fleming & Ray LC, which he founded in 1994.
Randall S. Tuttle, has been appointed CFO for-based apartment investment and property management company Price Realty Corp. Tuttle was formerly employed as a shareholder and director of training for Philip Vogel & Co. PC, an accounting firm, where he accumulated experience in real estate, auditing, accounting services, taxation and management consulting, and audits of public companies.
David S. DeVito has been selected to serve as interim CFO at Los Angeles-based Apex Mortgage Capital. DeVito will take over for Daniel Osborne, who resigned to pursue other business interests. DeVito has been the controller of Apex since March 1999 and is CFO of The TCW Group Inc. (TCW), a privately held asset management firm. Prior to joining TCW in 1993, DeVito worked as a senior audit manager at Deloitte & Touche, where he specialized in serving investment management and publicly traded companies.
Steven Radcliffe has been named COO for Minneapolis-based Dominium Management Services. He formerly was employed by Equity Residential Properties Trust,, as area vice president for the central division and senior vice president for asset management. In his new position, Radcliffe will oversee the management of all Dominium's assets, including its portfolio of 14,000 housing units throughout the U.S.
Stephen Binder, managing director of New York-based Cushman & Wakefield's corporate services group, has been named co-chairman of the Leadership Development Committee for the International Development Research Council (IDRC), a global real estate research organization. IDRC's leadership committee oversees the council's leadership development process. As managing director of corporate services, Binder currently helps clients plan integrated real estate solutions on a global scale. He manages 70 corporate accounts both nationally and globally.
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