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New York People and Company News, Week of Nov. 8, 2024
- Chimera Investment Corporation said Cynthia B. Walsh has been elected to the REIT’s board of directors as a Class III director, effective Dec. 1. Walsh has more than 37 years of experience across multiple roles in the financial industry. Since 2011, she has served as president of Walsh Advisors, a registered investment advisory firm. Before Walsh Advisors, from 2001 to 2011, Walsh served as managing partner and CFO of National Bond and Trust, an issuing agent of the U.S. Treasury Department. Prior to that, she held various capital markets and trading positions at Bank of America.
- Construction management firm Gilbane Building Company hired Anne Alexander as senior manager of business development for its New York City business. Alexander brings more than 18 years of experience working with leading firms to develop growth strategies for existing and new markets within the AEC industry. She previously served as partner and senior business development manager at Walter P. Moore, where she led business development strategy and implementation for the New York, Los Angeles, San Francisco and San Diego markets.
- Red Bank, NJ-based Denholtz Properties, a commercial real estate development and investment company, hired Paul Paschal as director of acquisitions for the Mid-Atlantic and Southeast and Kyle Kostakis as development manager. Working out of North Carolina, Paschal will lead the business’ industrial and multifamily acquisitions strategy in high-growth primary, secondary and tertiary markets. Previously, Paschal served as VP of Lee & Associates’ Charleston office and also held roles with Marcus & Millichap in Charleston and NAI Columbia in Columbia, SC. Based at Denholtz Properties’ Red Bank headquarters, Kostakis joins the firm after nearly a decade in a variety of project management roles with Toll Brothers.
- AmTrust Title Insurance Company, a subsidiary of AmTrust Financial, Inc., expanded its agency division with multiple new hires. Joining as SVP, agency area sales manager and leading the team of new hires is industry veteran Carlos M. Rodriguez. Joining Rodriguez as agency representatives are Amanda “Mandy” Anderton (FL), Saud Sadeya (FL), Matthew Wood (FL) and Marcus Smith (Maryland/DC/Virginia), who collectively bring more than 50 years of experience to the team.
- FirstService Residential named Matt Damico as the company’s business development director for the New Jersey and New York state condominium and homeowners association market. Damico brings more than 28 years of real estate management experience to FirstService.
- Asset Based Lending LLC (ABL), a provider of private capital to real estate investors, closed its second unrated securitization, ABL 2024-RTL1, totaling $175 million. The transaction features three classes of notes – A1, A2 and M, each of which were sold to a broad array of institutional investors. The two-year revolving period represents an increase from ABL’s initial offering, which had an 18-month duration.
- A joint venture of Tutor Perini Corporation and O&G Industries, Inc. has been identified as the Apparent Selected Proposer by the New York City Department of Design and Construction for the new Manhattan Jail Facility. This is one of four new jails being built in the boroughs of New York City to replace the Rikers Island Jail Complex, which will eventually be closed and decommissioned. Tutor Perini anticipates that it will be negotiating contractual terms and pricing for this multi-billion-dollar project.
- ◦People
