Voit Real Estate Services hired Darren Tappen as a commercial real estate broker. Tappen specializes in industrial, office and land acquisition, disposition and development in the Phoenix metropolitan area, according to a press statement.
Tappen has advised life insurance companies, banks, private equity and institutional investors most recently on CMBS workouts. For the past several years, he has focused on foreclosures, REOs, bank takeovers, and Federal Deposit Insurance Corp. loan pools.
Before joining Voit, Tappen was with Cushman & Wakefield where he was one of the founding members of the company's resolution group, which provides solutions and analysis for buyers and sellers of distressed assets.
In other news about real estate hires, ASR sister publication National Mortgage News reported that ING Real Estate Finance has promoted Michael Shields to managing director and head of ING Real Estate Finance for the Americas.
In his new role, Shields is responsible for management of the company's $6.7 billion real estate loan portfolio in the Americas, which consists of term loans, construction loans and subordinate debt, as well as for growing that portfolio.
Shields has 20 years of experience in real estate lending, asset management, restructuring and workouts. He joined ING Real Estate Finance in 2004, and is responsible for more than $5 billion in new loan originations for U.S. real estate properties. Over the past two years, Shields and his team have restructured $2.5 billion of real estate loans.
His previous experience includes serving in the real estate finance group of BHF Capital/PB Capital in New York and Bonn, Germany, where he was a senior loan originator and relationship manager for both U.S. and German clients.
Earlier in his career, he was employed in the real estate finance groups of Helaba and Chemical Bank.