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New York People and Company News, Week of Sept. 27, 2024
- Newmark added Richard Marchitelli, MAI, CRE, a seasoned expert with more than 45 years of experience, to its Valuation & Advisory practice, based in Charlotte. In his role as senior managing director and litigation support practice leader, Marchitelli will collaborate with senior managing director Raymond Cirz, MAI, CRE, to expand and lead the specialty practice for the business line.
- First National Realty Partners (FNRP), a national private equity commercial real estate firm, has appointed Stuart Brackenridge as VP of acquisitions. With more than 27 years of experience in the commercial real estate industry, Brackenridge brings expertise in grocery-anchored shopping centers, positioning Red Bank, NJ-based FNRP to accelerate its expansion in this key sector. Before FNRP, Brackenridge served as managing director of investments at Newport Capital Partners.
- IDB Bank, a New York-based private and commercial bank, appointed Avi Lieberman as its new SVP and head of New York commercial real estate. He will lead balance sheet lending for IDB’s multibillion-dollar CRE portfolio across the bank’s Tri-State operations. Lieberman joined IDB in 2021, where he went on to hold several key positions within the bank’s CRE team. His recent appointment follows his successful tenure as IDB’s CRE Team Leader.
- Primestone Partners, a New York-based management company focused on strategic technology investments, announced that Mike May, a prominent multifamily and capital markets expert, has joined the company’s Technology Advisory Board. May spent most of his career at Freddie Mac, where he held senior leadership positions throughout the company, most recently as EVP – head of multifamily. Presently, he is an investor in early-stage proptech companies at Hamilton Ventures.
- Bloomfield, NJ-based Juniper Communities, a leading owner-operator of senior living communities, added Andrew Katzmann to its home office leadership team. He will work closely with Juniper’s financial team, focusing on investment strategy while also contributing to the company’s analytics efforts.
- Lawrence Rouslin has joined Seward & Kissel LLP’s New York office as special counsel in the real estate group. Most recently counsel with A&O Shearman LLP, Rouslin structures and negotiates large and complex real estate transactions, with a focus on secured financings.
- Building materials provider CRH plc said that Albert Manifold has decided to retire as CEO at the end of 2024 and that he is to be succeeded by Jim Mintern. Mintern is currently CRH’s CFO and has been a director of its board since June 2021. Manifold, who will serve as an advisor for 12 months following his retirement, has held varied responsibilities with CRH since he joined in 1998.
- A. Walker & Co., a minority-owned and operated, institutionally backed investment manager, said its inaugural vehicle, AWC Real Estate Opportunity Partners I, LP (“REOP I”) has a total capital commitment of up to $75 million. The vehicle has deployed $20.4 million into multiple transactions located in California, Illinois, Georgia, Maryland and Texas. REOP I has a total of 2,450 units acquired or under development, with $352 million valued in underlying assets and development pipeline.
- The Domain Companies announced that The Shop Workspace will open in early 2025 at 420 Carroll, a mixed-use, mixed-rate development that will bring 360 new homes to Gowanus following the 2021 rezoning. The Shop is a coworking community that offers flexible work environments, from open commons to private offices. Comprising 12,000 square feet of the building’s second floor, The Shop at 420 Carroll will be the brand’s third location, with others in Salt Lake City and New Orleans.
- A new environmentally conscious residential development has been recognized by the Queens Chamber of Commerce as the top sustainable residential building at the Chamber’s 2024 Building Awards, set to take place Oct. 10 at JFK International Airport’s TWA Hotel. Zara Realty‘s The 88, located steps from Jamaica, Queens’ historic Rufus King Park, is a nine-story, 223-unit residential building that will be 40% more energy efficient than required under New York City’s emissions standards, according to Zara Realty.
- ◦People
