Northeast
Rafael Cestero, CEO of Community Preservation Corporation, Honored for Leadership in Affordable Housing
As part of a Cornell University summer field study, Rafael Cestero spent a semester at the Enterprise Foundation in New York City (now Enterprise Community Partners).
Co-op Lender Reports Increased Volume
Lending to co-ops continues to be brisk, according to a specialist in the field, National Cooperative Bank. In March, the company originated more than $77 million in those kinds of loans, compared with $51 million in February.
Marty Lanigan Joins Greystone as Executive Vice President
Greystone, a national multifamily and healthcare mortgage lender, has appointed veteran real estate finance expert Marty Lanigan as executive vice president.
Arbor Expands CMBS Lending Platform with Appointment of Three Industry Veterans
Arbor Commercial Mortgage announced the second phase expansion and development of its CMBS and Syndication platform with the addition of three industry veterans.
Long Island City’s Gantry Park Landing to Begin Leasing
Gantry Park Landing, the 12-story industrial-style rental property in Long Island City, will begin leasing this summer.
Former Worcester School to Become Mixed-Income Housing
The vacant Worcester Vocational and Technical School in Worcester, Mass., will be transformed into the 84-unit Voke Lofts, a mixed-income housing development.
Michael Scurti Joins The Simon Companies as Chief Financial Officer
The Simon Companies, a professional developer, owner and manager of commercial and multifamily real estate, has hired Michael Scurti as the company’s new chief financial officer.
Washington Heights Apartment Fetches $8.6M
500 Fort Washington Ave., an apartment building in the Washington Heights neighborhood of northern Manhattan, has traded hands for $8.62 million.
Pennrose Announces Linda Veregin as Regional Vice President
Pennrose, a real estate development and management company focused on multifamily communities, announced that Linda Veregin has been named regional vice president.
Deutsche Asset & Wealth Management Forms Energy-Efficient Property Investment Team
Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.