New York People and Company News, Week of Sept. 6, 2024

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• Pretium, a specialized investment firm with more than $55 billion in assets under management, added Brendan Bosman and Karen Kulvin as managing directors to bolster the firm’s real estate debt strategy. Bosman joins Pretium from Värde Partners, where he served as senior managing director and head of U.S. housing investing, closing transactions worth more than $8 billion across the capital structure. Kulvin joined Pretium from Kayne Anderson Real Estate, where she was a senior managing director and co-head of the real estate debt platform. 

• Marcus & Millichap Capital Corporation (MMCC) hired Mark Litwack as managing director in its Saddle Brook, NJ office. Litwack joins MMCC with more than12 years of experience in the commercial real estate industry and will advise on all property types including multifamily, retail, hospitality, self-storage, office and industrial.  Prior to joining MMCC, Litwack was a loan originator with Meridian Capital Group. 

• CenterPoint Properties has appointed Roy Rosenbaum as SVP of investments for its East Region markets. Rosenbaum is based in the national industrial real estate investment, development and management firm’s Saddle Brook, NJ office. The East Region markets include New York/New Jersey; Lehigh Valley/Philadelphia; Charleston, SC; Greenville, SC; Savannah, GA; Atlanta; and South Florida. 

• The LiRo Group and Hill International’s Northeast Region announced the merger of the two entities to become LiRo-Hill, establishing the Syosset, NY-based company as one of the largest AEC firms of its kind. The merger increases the firm’s staff to more than 1,200 industry experts, and the company said it offers its current and future partners a wider breadth of expertise, key guidance, and counsel from locations throughout the Northeast. 

• Jericho, NY-based Kimco Realty has amended and upsized its unsecured term loan to $550 million from $500 million previously. The amendment added one bank. Subsequently, the shopping center REIT entered into an interest rate swap agreement, fixing the rate on the incremental term loan to a rate of 4.3175%.  

• Trestle, a New York City-based subcontractor and supplier data centralization and performance management solution for the construction industry, has secured $2.3 million in pre-seed funding. The funding was led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.