Centerline Holding Co., the parent company of Centerline Capital Group announced that J. Larry Duggins, executive managing director inenterlines commercial real estate group, is retiring from Centerline and the commercial real estate industry by June 30. Duggins plans to attend divinity school at Southern Methodist University and devote his time to helping launch non-profit youth-oriented foundations. Duggins founded RemiCAP, the predecessor to ARCap.
The firm's commercial real estate group is currently structured as two divisions: agency products, which is led by William Hyman, and CMBS and commercial products, including equity funds, which is run by Mark Brown. Both units are supported by companys portfolio management group, led by Senior Managing Director and past ARCap President, Paul Smyth.
William Hyman, who joined Centerline when it acquired PW Funding in 2001, has been with Centerline for the past seven. PW Funding was an independent mortgage banking subsidiary of Centerline that Hyman co-managed, establishing a solid track record in all facets of loan production. .
Brown came to Centerline as part of the recent Centerline-Nomura collateral management agreement. He brings a team of origination, credit, capital market and legal professionals .