Babson Capital Names RE Chief

Robert F. Little has been named to head the Real Estate Finance Group of Babson Capital Management LLC, an investment management firm based in Springfield, Mass., and Charlotte, N.C., at the end of the year. Mr. Little, 42, will replace the retiring Kenneth Hargreaves, who has led the group since 1991 and has been with the firm's real estate business since 1972, Babson said. Mr. Little, who has been with the group since 1987, is currently responsible for the origination, structuring, and distribution of high-yield commercial mortgage products. His previous experience includes the development and oversight of the real estate group's capital markets area. Assuming Mr. Little's responsibilities will be Clayton "Chip" Andrews, who joined Babson in March and had been chief operating officer and partner at Cheslock, Bakker and Associates, a real estate merchant bank.