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New York People and Company News, Week of Nov. 22, 2024
- Marcus & Millichap hired Ian Grusd to focus on expanding Marcus & Millichap’s national Auction Services team with Northeast-based clients selling properties throughout the country. Previously, New York-based Grusd was at Ten-X, where he represented real estate investment trusts, private equity funds, institutions, syndicators, and family offices in accelerated marketing and property dispositions through auction. He has more than 25 years of brokerage, advisory service, asset management, ownership and receivership experience.
- Joseph Garibaldi IV and Thomas Walsh will join the Colliers capital markets team as vice chairs, based out of the Parsippany, NJ office. Garibaldi and Walsh will continue to expand the Colliers Investment Sales practice in the Tri-State area. They have worked closely together for nearly 15 years, most recently as managing directors at Walker & Dunlop, where they launched the firm’s investment sales team in the Tri-State region. The two have completed approximately $15 billion in transactions on behalf of their clients. Garibaldi and Walsh also bring a wealth of experience in institutional transactions, having previously led the investment sales team in the Tri-State area at JLL.
- Allen Matkins has added Kenneth C. Wang, a tax partner, to its growing New York office. With his addition, the New York office now includes 12 lawyers encompassing real estate, corporate, litigation, and tax. Wang joins the firm from Stradley Ronon, where he was co-chair of the tax department.
- Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company, has selected Matthew Joiner as SVP, multifamily acquisitions. Formerly senior director and head of US multifamily for CapitaLand Investment in New York City, Joiner has more than 18 years of diversified real estate experience. Joiner will be based in CRC’s New York City offices and will team with Ari Abramson, CRC’s VP of multifamily acquisitions, to investigate and pursue acquisition opportunities.
- LaSalle Investment Management has appointed Tara McCann as head of Americas investor and consultant relations. Based in New York, she reports to Samer Honein, global head of investor relations. McCann will assume the responsibilities of Adam Caskey, who is set to retire in December this year. She joins LaSalle from Rockwood, where she served as head of capital and client strategies, while also spearheading the firm’s ESG initiatives.
- J.P. Morgan announced that Burke Davis will become Head of Real Estate Banking (REB) in the new year. Davis will report to and is succeeding Michelle Herrick, who was recently promoted to Head of Commercial Real Estate. He joined J.P. Morgan in June 2012 to lead the Real Estate Syndicated Finance Group, a position that he held for 10 years before joining the REB in 2023 as market manager.
- Tarter Krinsky & Drogin announced that real estate transactions attorney Jeff Cronin has joined the firm as counsel in New York, further expanding the team’s real estate practice. Cronin joins Tarter Krinsky & Drogin from Riley Riper Hollin & Colagreco, and previously served as in-house counsel for a national residential mortgage company, where he handled day-to-day and other corporate legal matters, including real estate-related transactions and all commercial leasing matters.
- NineDot Energy, a developer of community-scale battery energy storage systems in the New York City metro area, hired Douglas Johnsen as the company’s new CFO. Most recently, Johnsen was co-founder, managing partner, board member, and CFO of Navisun LLC, a domestic distributed solar and storage independent power producer. Prior to Navisun, he held senior positions at Greenwood Energy, First Wind, GE Energy Financial Services and Deutsche Bank.
- Dealpath has launched Dealpath Connect for Deal Acceleration with launch partners JLL and LaSalle Investment Management, connecting investment sales brokers with prospective buyers within the platform. According to Dealpath, sell side partners using the new platform are realizing more than an 80% increase in visibility of their opportunities with top institutional clients and more than a 30% increase in confidentiality agreements signed. Institutional investment managers leveraging the platform are achieving more than a 200% increase in relevant deals screened, and a 30% decrease in errors in underwriting, diligence and deal execution.
- Shopping center REIT Kimco Realty has received Nareit’s 2024 Leader in the Light Award for Retail for the third consecutive year, marking the fifth time overall that the company has received this recognition for its sustainability initiatives. The Leader in the Light awards are given to REITs that demonstrate leadership in implementing sustainable and socially responsible investment and operating practices, good governance, and transparency, with winners selected by an interdisciplinary panel of judges.
- Paramount Group, Inc. achieved a 5 Star rating in the 2024 GRESB Real Estate Assessment. This is the sixth consecutive year Paramount was awarded GRESB’s highest rating. The company was a top performer among more than 2,200 global real estate participants and received “Sector Leader” status within the Office/Americas category.
- ◦People
