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New York People and Company News, Week of Jan. 24, 2025
- Mike McRoberts will return to PGIM Real Estate to lead the agency lending platform. The decision comes as current head of agency lending Kelly Follain has been chosen to take on the role of EVP and head of multifamily for Fannie Mae. PGIM Real Estate’s agency platform recorded more than $4.2 billion in annual production for 2024. Under McRoberts’ previous tenure leading the platform, production increased from $2.4 billion in 2011 to its peak of $9.6 billion in 2020.
- After more than 60 years of leadership, Milton Cooper will retire as executive chairman of Kimco Realty and Kimco Realty OP, LLC at the 2025 annual meeting of stockholders. Upon Cooper’s retirement, Richard Saltzman will become the independent chairman of the board of directors, Mary Hogan Preusse will conclude her service as lead independent director while remaining a member of the board, and Cooper will assume the title of chairman emeritus. In addition, the board has appointed Nancy Lashine and Ross Cooper as directors, with Lashine to serve on the audit and executive compensation committees.
- Rosenberg & Estis, P.C., currently celebrating its 50th year as one of New York City’s leading real estate law firms, announced that Lisa S. Lim has joined its expanding roster of attorneys as a member within the transactions department. Lim will contribute her extensive experience in real estate finance and development, affordable housing and economic development. She joins R&E from the New York City Public Housing Preservation Trust, where she served as general counsel. Before that, she was a partner at Akerman LLP following a career that included serving Empire State Development, New York State Housing Finance Agency, New York City Housing Authority and the State of New York Office of the Attorney General.
- Corporate office construction expert Michael Sci has joined the STO Building Group to lead the company’s Facilities Construction Services (FCS) team. As SVP of FCS, Sci will guide a team that helps corporate real estate teams across the globe manage their post-occupancy construction projects. Sci has worked for more than 25 years in the corporate real estate industry, first in the real estate divisions of large finance firms such as Citigroup and GreenPoint Financial, followed by years managing a large office portfolio at JLL. In 2017 he founded his own project management and construction firm.
- Platinum Properties, a full-service family-owned real estate boutique brokerage specializing in residential and commercial transactions in Manhattan’s Financial District and beyond, has named co-founder and COO Dezireh Eyn its new CEO. Co-founder Khashy Eyn, who has served as the firm’s CEO since 2005, will serve as chairman and will look to grow the company’s commercial division.
- Vornado Realty Trust announced that it has become the first major real estate owner, operator and developer to achieve 100% LEED certification across its entire portfolio of in-service buildings. Over the past two years, Vornado has submitted its entire 26.1-million-square-foot in-service portfolio for U.S. Green Building Council review and recertification. Of its portfolio, 24.8 million square feet across 25 buildings has achieved the highest LEED Platinum or Gold ratings.
- Ellington Credit Company received shareholder approval for the company’s conversion to a Delaware registered closed-end fund. The converted entity will focus on corporate CLO investments and will be treated as a regulated investment companyunder the Internal Revenue Code. The conversion is anticipated to become effective in the near future.
- Esusu, a fintech platform focused on rental data and credit building, has acquired Celeri, a leading AI-powered fraud prevention software provider for the residential real estate industry. The partnership is intended to equip property owners with advanced tools to combat rental fraud and create fairer housing opportunities for working families. Celeri helps property managers detect fraudulent applications, streamline screening processes and reduce the costs associated with evictions and lost rental income, according to Esusu.
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