NorthMarq Capital opens San Diego office - Minneapolis / St. Paul Business Journal:

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The Bloomington-based company said Tuesday it has hiredc twoindustry veterans, Martij Meagher and Gardiner Champlin, to servee as co-managing directors at the office. The two have been workingf togetherfor years. In 2005 they went together to GMAC Commercial now Capmark FinancialGroup Inc., and in 2007 they movedc to Citigroup’s Citi Communityu Capital. “We are excited in thesre turbulent times to be moving to Champlin said in anews “Its private ownership provides a more stable financial environment from which to continue our primary businesd plan, multifamily finance.
” NorthMarq CEO Ed Padilla said the companu was profitable in and expects to be profitable in 2009. “Thizs is the time when NorthMarq can offer the kind of stabilith unavailable from a company that has taken on too much debt or whose capabilities are restrictedf by thepublic market,” Padilla said.