Not Endorsed
Commercial/Multifamily Mortgage Delinquency Rates Mixed in Q1
Washington, D.C.–The Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report finds that delinquency rates among different commercial/multifamily mortgage investor groups were mixed in the first quarter of 2011.
SureDeposit Partners with Fogelman
Livingston, N.J.– Fogelman Management Company of Memphis, Tenn., has entered into agreements to begin offering SureDeposit’s surety bond product as part of their leasing offering to prospects.
JWilliamsStaffing Expands To Texas; Opens Four Offices in Major Markets
Houston–JWilliamsStaffing, a leading staffing provider of temporary sales, leasing professionals and full-service staffing to the multifamily industry throughout California, Arizona, Nevada and Texas, is expanding with the opening of offices in Austin, Dallas, Houston and San Antonio. The Houston office opened in August 2010 while expansion into the other cities coincides with the hiring of Keith Rodgers, CGA, CSP, CGP as vice president. Based out of Houston, Rodgers is responsible for leading JWilliamsStaffing’s business growth and building a team of qualified professionals throughout the state’s four major markets. He will focus on cultivating real estate clientele as well as leading…
NWP Services Corporation Announces Partnership with Energy Star
Irvine, Calif.–NWP Services Corporation has announced the company has become an Energy Star Partner. Through its voluntary partnership with the U.S. Environmental Protection Agency’s (EPA) Energy STar, NWP helps customers improve the energy efficiency of their multifamily communities, improve financial performance and help preserve the environment for future generations. “Customers who utilize our UtilitySmart Business Intelligence and Benchmarking Analytics product can now choose to take advantage of a robust and seamless integration with EPA’s Portfolio Manager, to automatically submit comprehensive utility consumption data to benchmark their communities’ performance and comply with local and state regulations where applicable,” says Jim Charles,…
AvalonBay Announces CEO to Step Down
Arlington Va.–AvalonBay Communities Inc. has announced that Bryce Blair, chairman and chief executive officer, will retire from his role as CEO at the end of 2011. Timothy J. Naughton, the company’s president, will then assume the additional role and title of chief executive officer.
Iconic Hudson River Development Comes to Market
New York—Ariel Property Advisors has announced the availability of a prime Westchester waterfront development opportunity—the Glenwood Power Plant on the Hudson River in Yonkers. Ariel Property Advisors is marketing the property as a co-exclusive with ABS Partners Real Estate LLC. The site exceeds four acres and includes four vacant buildings, which add up to a footprint of approximately 62,000 square feet. Because the property isn’t landmarked, developers have the option of salvaging the Industrial Romanesque architectural design of the existing structures or demolishing them and building from the ground up. The property is 20 feet from the Glenwood Metro North…
NeighborWorks America Board of Directors Names Eileen M. Fitzgerald CEO
Washington, D.C.–The Board of Directors of the Neighborhood Reinvestment Corporation, doing business as NeighborWorks America, has appointed Eileen M. Fitzgerald as the new CEO. Fitzgerald has 25 years of experience in nonprofit and government leadership. She has served as the Acting CEO since January 2011, and was chief operating officer at NeighborWorks America starting in 2005. “The need to assist families and individuals with one of life’s basic building blocks – a healthy, safe and affordable home in a vibrant and safe community – has never been greater, making NeighborWorks America’s mission more critical than ever,” says Fitzgerald. “NeighborWorks America…
Sammons Enterprises Forms Compatriot Capital
Dallas–Sammons Enterprises Inc., one of the nation’s largest privately owned companies with assets approaching $50 billion, has announced the launch of a new real estate strategy under a newly organized subsidiary, Compatriot Capital, Inc. Paul E. Rowsey was named president and chief executive officer, and Mark D. Van Kirk will become senior vice president of Compatriot. Rowsey and Van Kirk joined Compatriot from E2M Partners, a Dallas-based private equity firm investing in national real estate assets on behalf of individual and institutional investors. In 2010, Sammons acquired a 30 percent interest in E2M after being a longtime investor in multiple…
Kenny Emson Named SVP of Finance and Administration for NMHC
Washington, D.C.—Financial and nonprofit veteran Kenny Emson has been named senior vice president of Finance and Administration for the National Multi Housing Council (NMHC). As a member of the Council’s senior leadership team, Emson will oversee the organization’s financial and administrative operations and will participate in the strategic planning process. Emson brings more than 20 years of experience to the position, including serving as chief development officer, senior vice president and chief financial officer for The Community Foundation for the National Capital Region, a philanthropic nonprofit that pools $350 million in charitable donations to make grants that benefit both Washington-area…
Toby Halliday Joins Stewards of Affordable Housing For the Future
Washington, D.C.—Stewards of Affordable Housing for the Future (SAHF) has announced the addition of Toby Halliday as executive vice president for policy and operations. Halliday will lead SAHF’s policy initiatives in addition to overseeing the organization’s operations and management. Halliday previously served as vice president for federal policy at the National Housing Trust (NHT), a SAHF member organization, for over three years. In this role he worked with Congressional and HUD leadership to promote the preservation and improvement of affordable rental housing, including testifying before Congress on these issues. Halliday coordinated and chaired the Preservation Working Group, a coalition of…