News
Berkadia Promotes Ernie Katai to Head of Production
Horsham, PA—Berkadia Commercial Mortgage announced the promotion of Ernie Katai to executive vice president and head of production. He succeeds Karl Reinlein, who is stepping down from day-to-day production management after 17 years of service to Berkadia. Katai was formerly a senior vice president and branch manager of Berkadia’s Detroit office. In his new role, he will be responsible for the oversight of Berkadia’s national origination network, which spans more than 50 offices nationwide. Reinlein will remain with the company to work with Katai on strategic projects and role transition. Katai has over 30 years of experience in the commercial…
Susan Tjarksen Joins Kiser Group as Senior Managing Director
Chicago—Kiser Group, the mid-market commercial real estate brokerage firm based in Chicago, announced that Susan Tjarksen has joined the firm as senior managing director. She brings 30 years of industry experience to Kiser Group. In 2008, Tjarksen founded Chicago-based STAR LLC, a national real estate firm she continues to operate that specializes in receivership, asset management, debt restructuring, refinance and brokerage services. As managing partner at Aries Real Estate Development in Chicago, she consults on all areas of real estate development. Previously, she held management positions at real estate development companies in Florida and Chicago. “We are fortunate to welcome…
Taconic Investment Partners Names Peter Febo Chief Operating Officer
New York—Taconic Investment Partners has appointed Peter Febo Chief Operating Officer. In this position, Febo plays an integral role in the implementation of Taconic’s business plan, directing the company’s 85-person in-house team and communicating with all asset, development and construction managers to ensure due diligence and strategies are in place. Febo oversees residential, commercial and retail property development; construction projects and commercial and residential asset management, including Taconic Management Company, Taconic’s wholly owned property management and leasing subsidiary. He reports directly to co-CEOs Charles Bendit and Paul Pariser. The introduction of the COO position represents Taconic’s continued and strategic growth…
Advenir Acquires a Sizable Community in Texas
Advenir acquires a 295-unit Class A community in Mesquite from Virtu Investments.
TODAY’S DEALS: Aztec Group Secures $7.5M for Fractured Condo
Aztec Group provides financing for 144 units in Fort Lauderdale; Cohen Financial secures $37 million for five properties; and Marcus & Millichap brokers a 259-unit sale in South Carolina.
RFR, Vanke Break Ground on Luxury Condo Tower in Manhattan
RFR Holding and Vanke, China’s largest residential developer, broke ground Tuesday on 610 Lexington Ave., a luxury residential condominium on East 53rd Street in Midtown Manhattan.
WRIT Acquires DC Class A Apartments
Washington Real Estate Investment Trust acquires a 12-story, Class A asset in Washington, D.C.
JB Matteson Acquires Second North Bay Property
JB Matteson Inc. has acquired the 113-unit Rafael Town Center in San Rafael, Calif. The purchase marks the firm’s seventh acquisition in California and second in the North Bay.
TODAY’S DEALS: MHA Brokers $18.5M Sale in South Carolina
Multi Housing Advisors brokers the $18.5 million sale of Walden Oaks in Anderson, S.C.; and Walker & Dunlop provides $62.5 million for apartments in Southern California.
Benenson Capital, Rose Partners Team on Brooklyn Mixed-Use Project
Benenson Capital Partners has forged a joint venture partnership with Rose Associates to develop a mixed-use tower in downtown Brooklyn. The two family-owned firms have a solid track record together in New York City.