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California People and Company News for April 19, 2024
- Primestor Development, a minority-owned and led real estate development and investment firm, appointed Allison Lynch as COO. The former president of Watt Properties, Lynch brings more than 25 years of commercial real estate leadership experience in organizational, team and portfolio management. She joins Culver City-based Primestor’s executive committee to help the company expand its community building investment and development platform beyond Southern California.
- Nonprofit affordable housing developer MidPen Housing has promoted Ann Goggins Gregory to COO. She joined MidPen in August 2019 as SVP of MidPen Services, a MidPen affiliate that provides onsite services to support advancement of nearly 22,000 residents in the areas of education, health and economic mobility. Prior to MidPen, Gregory served as a senior advisor to Habitat for Humanity International, and before that was Habitat Greater San Francisco’s first COO. Brenda Castillo-Garza, VP of resident services, will step up as interim head of resident services; she has been with the Foster City-based company since 2012.
- Fidelity Bancorp Funding, Inc., a Costa Mesa-based financial institution specializing in commercial real estate, multifamily, single-family residential bridge loans and permanent financing, named Dillon Freeman as senior loan officer focused on the San Diego region. Prior to Fidelity Bancorp, Freeman worked a combined seven years at Pacific Premier Bank and then Axos Bank. He served in various roles covering origination, credit, portfolio management, special assets, and relationship management.
- San Ramon-based SummerHill Homes promoted Chris Neighbor to CEO. Previously serving as president, Neighbor will now assume the additional role of CEO, continuing to drive the company’s strategic growth. Current CEO Robert Freed will transition to the position of co-chairman.
- Zonda appointed Tom LeBaron to the role of VP, performance and growth marketing. LeBaron is highly regarded within his field with a track record of directing more than $1 billion in performance marketing campaigns across business-to-business and business-to-consumer brands. He will focus on driving traffic to Newport Beach-based Zonda’s consumer-facing brands of Livabl and NewHomeSource.com and houseplans.com. He will also help create and drive comprehensive strategies for content marketing to help improve organic reach.
- Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has fully subscribed Net-Leased All-Cash 2 DST, a $24.84 million offering of net-leased real estate for investors seeking a debt-free 1031 exchange strategy.. The DST features four net-leased properties tenanted by BioLife, Tractor Supply, Dollar General, and Dollar Tree. The properties span 55,369 square feet in Florida, Idaho, and Texas.
- Latitude 33 Planning & Engineering recently expanded its Southern California presence with the opening of a new office in downtown Los Angeles. Opened in mid-March, Latitude 33’s new office is at The Collection, located at 527 W. 7th St. The firm also recruited new project development director Jacqueline Reed to provide local leadership and spearhead company-wide business development.
- BridgeCore Capital, Inc. launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S. With the recent news that 99 Cents Only Stores will close all of its 371 retail outlets, Beverly Hills-based BridgeCore has expanded its lending platform to provide bridge financing for locations that the retailer closes or vacates.
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