January 9, 2017 -- Santa Monica-based NMS Properties announced Friday that it would voluntarily cede control of all its residential development projects in various stages of the approval pipeline, including 20 in Santa Monica, to a newly formed company named WNMS.

Heading the new company is Scott Walker, who, according to a press release announcing the move, "recently served" as executive vice president of NMS for acquisitions and development.

Read More:  http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/January-2017/01_09_2017_Control_of_Santa_Monica_Developers_Pending_Projects_Shifted_to_New_Possibly_Related_Company.html

and

http://smdp.com/santa-monicas-largest-developer-splits-into-new-company/159225