Cushman & Wakefield

Greystone Monticello Provides $37 Million in Financing for Build-to-Rent Portfolio in Arizona, Cushman & Wakefield Represents Buyer

Retrieved on: 
Thursday, February 29, 2024

NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona.

Key Points: 
  • NEW YORK, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Greystone Monticello and Cushman & Wakefield jointly announced today that the firms provided financing for, and represented the buyer of, respectively, a two-property portfolio of build-to-rent multifamily communities in Phoenix, Arizona.
  • Jeems Lochridge of Cushman & Wakefield represented Balfour Pacific Capital and Stone View Holdings, the joint buyers and co-General Partners in the transaction, and Greystone’s Dale Holzer of Greystone originated the loan through Greystone Monticello.
  • In the transaction led by Chris Hetzel, Greystone Monticello provided a two-year $37,250,000 bridge acquisition loan to allow for lease-up and stabilization of the portfolio.
  • The two-site portfolio, Stone View on Central and Stone View on 7th, consists of build-to-rent, entry-level communities totaling 123 homes.

Lovett Industrial and Heitman Acquire Industrial Park in Chesapeake, VA

Retrieved on: 
Thursday, February 29, 2024

Lovett Industrial, the Houston-based real estate investment firm, in partnership with an affiliate of Chicago-based Heitman LLC (“Heitman”), a global real estate investment management firm, have acquired an approximate 720,000 square foot portfolio of industrial buildings in the urban core of Norfolk VA.

Key Points: 
  • Lovett Industrial, the Houston-based real estate investment firm, in partnership with an affiliate of Chicago-based Heitman LLC (“Heitman”), a global real estate investment management firm, have acquired an approximate 720,000 square foot portfolio of industrial buildings in the urban core of Norfolk VA.
  • View the full release here: https://www.businesswire.com/news/home/20240229677802/en/
    Lovett Industrial and Heitman Acquire Industrial Park in Chesapeake, VA (Photo: Business Wire)
    Located on Rt 168 with adjacent access to I-64 and I-464, Diamond Hill’s infill location not only allows quick access to the populations of Chesapeake, Norfolk and Virginia Beach, but also easy access to both NIT and VIG port terminals.
  • Ben Swift, Mid-Atlantic Market Lead for Lovett Industrial commented, “The Hampton Roads Industrial market boasts some of the strongest fundamentals in the country.
  • Acquisition financing is provided by Voya Financial and was arranged by John Alascio of Cushman & Wakefield.

AXIS Names Stephen Lord as Global Chief Information Officer; Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate

Retrieved on: 
Wednesday, February 28, 2024

AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer (CIO) and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate.

Key Points: 
  • AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) announced today the hiring and appointment of Stephen Lord as Global Chief Information Officer (CIO) and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate.
  • As Global CIO, Mr. Lord will report directly to Mr. Tizzio and serve on the Company’s Executive Committee.
  • He joins AXIS from The Hartford where his most recent role was CIO, Global Specialty, Corporate Systems, HIMCO, and Enterprise Architecture.
  • Mr. Barriero joins AXIS in the newly created role of Global Head of Strategic Sourcing and Corporate Real Estate, and will report to Chief Administrative and Legal Officer Conrad Brooks.

Cushman & Wakefield Again Named a Top Real Estate Brand

Retrieved on: 
Tuesday, February 27, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been named a top two real estate brand by The Lipsey Company, an international leader in training and consulting specializing in the commercial real estate industry.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been named a top two real estate brand by The Lipsey Company, an international leader in training and consulting specializing in the commercial real estate industry.
  • Since 2002, The Lipsey Company has set the standard for the industry’s most recognizable brands by publishing its annual Top 25 Brand Survey.
  • “We are proud to again be named a top real estate brand by The Lipsey Company,” said Brad Kreiger, Cushman & Wakefield's Chief Marketing & Communications Officer.
  • For more than a century, the Cushman & Wakefield brand has stood the test of time, promising to help our clients drive progress through a constantly evolving environment.”
    Earlier this month, Cushman & Wakefield was also named to Forbes’ list of America's Best Large Employers for 2024.

Green Street’s Real Estate Alert Proclaims: Smaller-Sales Still Outperformed in 2023

Retrieved on: 
Wednesday, February 21, 2024

Green Street’s Real Estate Alert has released its annual ranking of brokers representing sellers of assets priced between $5 and $25 million, or private-capital real estate market transactions.

Key Points: 
  • Green Street’s Real Estate Alert has released its annual ranking of brokers representing sellers of assets priced between $5 and $25 million, or private-capital real estate market transactions.
  • The rankings across multiple property types were published in the Feb. 20 Real Estate Alert special supplement, a culmination of the publication’s 2023 broker rankings in the institutional marketplace (deals over $25 million).
  • View the full release here: https://www.businesswire.com/news/home/20240221510535/en/
    New Real Estate Alert!
  • Download the Real Estate Alert Special Supplement for the full 2023 rankings and analysis of deals valued between $5 million and $25 million.

Cushman & Wakefield Recognized as One of Forbes America’s Best Large Employers

Retrieved on: 
Friday, February 16, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been recognized on the Forbes list of America's Best Large Employers 2024.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been recognized on the Forbes list of America's Best Large Employers 2024.
  • The annual award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider.
  • “We’re proud to be recognized as one of America’s Best Large Employers.
  • We have a special culture at Cushman & Wakefield.

Endurance Advisory Partners Expands Commercial Real Estate Advisory Services with Addition of Jason Pumpelly

Retrieved on: 
Monday, February 12, 2024

Endurance Advisory Partners , a top provider of advisory services to financial institutions, today announced that it has expanded its commercial real estate (CRE) advisory services with the addition of Jason Pumpelly.

Key Points: 
  • Endurance Advisory Partners , a top provider of advisory services to financial institutions, today announced that it has expanded its commercial real estate (CRE) advisory services with the addition of Jason Pumpelly.
  • “Commercial real estate markets are a challenge for banks right now and many of them are looking at exposures and assessing their risk,” said Pumpelly.
  • “Steve and Jason give us not only a deep understanding of commercial real estate, but all the different markets and submarkets our banks are dealing with,” said Endurance Advisory Partner’s Founder and CEO, Stephen Curry.
  • “They bring a well-rounded perspective for our clients and have both the experience and connections they need to build and fine-tune successful commercial real estate strategies.”

Aareal Bank finances landmark hotel portfolio in London for Starwood Capital

Retrieved on: 
Thursday, February 8, 2024

Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).

Key Points: 
  • Wiesbaden, 8 February 2024 – Aareal Bank announces its pivotal role in financing the majority of the Edwardian hotel portfolio in London acquired by a controlled affiliate of Starwood Capital Group (Starwood Capital).
  • The acquisition adds to Starwood Capital's existing portfolio of European hotel investments, which following the transaction will comprise 47 hotels / approx.10,000 rooms across Europe.
  • Tim Abram, Managing Director at Starwood Capital said, "We are delighted to have Aareal Bank as our partner on the acquisition of this one-of-a-kind portfolio of London hotels.
  • Key players in this transaction include Pinsent Masons and White & Case, serving as legal advisors to Aareal Bank and Starwood Capital, respectively.

Greystone Names Debby Jenkins and Mordecai Rosenberg Co-Presidents of Lending Business Platform

Retrieved on: 
Wednesday, February 7, 2024

NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Debby Jenkins and Mordecai Rosenberg have been appointed Co-Presidents of the firm’s comprehensive lending business platform, effective immediately, and will report directly to Steve Rosenberg, founder and CEO of Greystone.

Key Points: 
  • NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Debby Jenkins and Mordecai Rosenberg have been appointed Co-Presidents of the firm’s comprehensive lending business platform, effective immediately, and will report directly to Steve Rosenberg, founder and CEO of Greystone.
  • Together, Ms. Jenkins and Mr. Rosenberg will seek to elevate, expand, and innovate across a variety of lending disciplines, including the firm’s Agency debt, HUD-insured lending, CMBS, equity, structured finance, proprietary products, debt placement and advisory services, and loan servicing platforms.
  • “We gained significant market share in 2023 and are poised for immense growth in 2024 as we anticipate fundamentals to drive demand for the unique set of products and services offered by Greystone, along with the strength of our partnership with Cushman & Wakefield,” said Mordecai Rosenberg.
  • “I am thrilled to take on this new challenge alongside Mordecai, as well as build out our banking channel focus and alternative capital platform and enhance our capital markets capabilities.

Darcy Stacom Launches New Woman-Owned Boutique Advisory and Brokerage Firm - Stacom CRE

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Renowned New York commercial real estate broker, Darcy Stacom, today announced the launch of her own boutique advisory and brokerage firm, Stacom CRE. This new entirely woman-owned venture will provide unparalleled expertise and personalized service to leading clients in the commercial real estate market, building off Ms. Stacom's extensive career and accomplishments, including twenty-two years as Chair and Head of NYC Capital Markets Group at CBRE, and eight times being named New York's top broker.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Renowned New York commercial real estate broker, Darcy Stacom, today announced the launch of her own boutique advisory and brokerage firm, Stacom CRE.
  • "Commercial real estate in New York and globally is in transition, and that provides a great opportunity for a new nimble boutique advisory firm in this space," said Darcy Stacom.
  • In launching Stacom CRE, Darcy Stacom brings over 40 years of experience in New York City selling the largest residential and office transactions in history, having capitalized over $150 billion of commercial real estate.
  • In addition to traditional brokerage services, Stacom CRE will provide consulting and strategy services not generally available in the market.