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New York People and Company News, Week of Jan. 3, 2025
- Marc Metrick will serve as CEO of Saks Global Operating Group, and Ian Putnam will serve as CEO of Saks Global Properties & Investments. Both will report to Richard Baker, Saks Global’s executive chairman. The appointments occur as Saks Global has finalized its acquisition of Neiman Marcus Group.
- As part of its strategic growth initiative, Woodmont Properties has made several recent promotions. They include Louis DeVos, who was promoted to SVP of property and commercial asset management; Melanie Diaz, now VP of business operations and system integration; Chris Camy, promoted to VP of marketing; John O’Donnell, promoted to director of portfolio operations; Ty’ya Pettis, now director of strategic marketing and communications; and Nicole Erbaio, who now serves as director of property systems and compliance.
- Kel Christensen has joined KeyBank as SVP, commercial banking relationship manager, responsible for developing and managing relationships with middle market firms with $50 million to $2 billion in sales in the New York Tri-State area. Before joining Key, Christensen spent 10 years at Santander Bank. He began his career with Brown Brothers Harriman before serving 12 years with Citibank.
- Flatiron Realty Capital, LLC, a private equity firm specializing in real estate lending, launched IronLinc, an integrated system solution specifically designed to meet the needs of real estate lending professionals. Developed in-house by a dedicated team of engineers led by CIO and CTO Christopher Wolpert, the proprietary software offers a comprehensive end-to-end solution for managing deal pipelines, underwriting and Customer Relationship Management (CRM) operations.
- Ladder Capital Corp, a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility with commitments of $850 million. The facility has an “accordion” feature under which the company may further increase the total borrowing availability to up to $1.25 billion. It replaced Ladder’s prior $324-million revolving credit facility, which had no balance drawn at the time the new credit facility closed. The facility has a maturity date of Dec. 20, 2028, and up to two 6-month extensions at the company’s option.
- The Industrial and Office Real Estate Brokers Association (IOREBA) will hold a panel discussion on the newly instituted flood regulations on Jan. 13 at the CSG Law Offices, 105 Eisenhower Pkwy.in Roseland, NJ from 8:00 a.m. to 10:00 a.m. The event is hosted and sponsored by CSG Law. Panelists include Dennis Toft of CSG Law, Aaron Levine of LG Insurance and Mark Vizzini of T&M Associates. The discussion with be moderated by Jim McGuckin of Marcus & Millichap. The cost is free to IOREBA members and $25 for non-members.
- ◦People
