CAMDEN, N.J. — The Michaels Organization (Michaels), a property development, investment and management firm based in Camden, has selected Rosa Estrada as regional vice president. Estrada succeeds Larry Padilla, following his departure from Michaels. Estrada has 20 years of urban planning, placemaking and affordable housing development experience. She joined Michaels in March 2022 as a vice president in the Mid-Atlantic Region. In this role, Estrada will serve as lead developer for all Michaels’ development activities in Puerto Rico, including Los Alamos, a 365-unit affordable housing community in Guaynabo City. Michaels …
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WASHINGTON, D.C. — David Dworkin, president and CEO of the Washington, D.C.-based National Housing Conference, warns that the series of ongoing interest hikes by the Federal Reserve to fight inflation raises the risk of stagflation. Stagflation is characterized by a high rate of inflation, slow economic growth and elevated level of unemployment. “As I stated previously, raising interest rates further to control inflation is no longer the answer and is instead contributing to an increase in the cost of shelter,” explains Dworkin. “The Federal Open Market Committee needs to let …
COLUMBUS, OHIO — Coastal Ridge Real Estate has appointed Mark Yale as chief financial officer (CFO). Yale will work at Coastal Ridge’s headquarters in Columbus and will be responsible for guiding the overall financial performance of the company. Yale previously served as Washington Prime Group’s Executive Vice President and CFO. In this role, he was responsible for financial management and oversaw accounting, finance, investor relations, treasury, tax and information services. Yale additionally served as the CFO of Glimcher Realty Trust prior to its acquisition by Washington Prime Group in 2015.
NEW YORK CITY — Newmark Group has hired Chad Lavender as president of capital markets for the firm’s operating businesses in North America. Lavender will serve on the company’s executive committee and corporate management steering committee. In this role, Lavender will oversee the strategy and revenue growth of Newmark’s capital markets business assets, including multifamily, office, industrial, retail and alternative investment classes. Lavender previously served as Newmark’s vice chairman and co-head of healthcare and alternative real estate assets group. Prior to joining Newmark, Lavender held roles as co-head of HFF’s national …
TAMPA, FLA. — Colliers has hired Matt Siegel as executive managing director and brokerage market leader for West and Central Florida. Siegel will oversee the team that serves Tampa Bay, Orlando and Fort Myers, which includes 95 brokers and 50 support staff. Siegel comes to Colliers from CBRE Tucson, where he served as managing director. Previous roles included vice president and market director for NAI Robert Lynn, where he specialized in office and industrial brokerage. Siegel will replace Danny Rice, who held the Florida position for five years. Rice has …
NEW YORK CITY — Hudson Realty Capital, a New York City-based commercial real estate investment management firm, has hired Brandon Eustace as Managing Director of FHA Originations. Eustace brings more than a decade of experience in FHA and HUD real estate finance. His addition comes as the firm’s FHA division continues to expand its capabilities in the market. In this role, Eustace is responsible for overseeing the origination of multifamily FHA/HUD and bridge loans. Hudson Realty Capital launched its FHA division in 2021. The company has continued to strategically grow …
DALLAS — Revere Capital has hired Will Bohannan as director of capital markets. Bohannan comes to Revere Capital from Walton Global Holdings, where he served as senior vice president of national accounts. Prior to his career with Walton, Bohannan was senior vice president at ClickIPO, a finance brokerage based in Scottsdale, Arizona, and senior vice president at Torrey Capital, an investment consulting and marketing firm based in San Diego, California. Revere Capital is an institutional private credit manager based out of Dallas. In the fourth quarter of 2022, Revere Capital’s …
HOUSTON — Cushman & Wakefield has hired Jennifer Campbell, Joshua Hoffman and Avery Klatt to the firm’s Sunbelt Multifamily Advisory Group. Led by Campbell, the team will be responsible for Class A and B multifamily investment sales throughout the Houston metro area. Campbell, Hoffman and Klatt will be based in Cushman & Wakefield’s Houston office serving as executive managing director, senior director and director, respectively. Campbell comes from Institutional Property Advisors (IPA) where she led the company’s multifamily efforts for the Houston market. Hoffman and Klatt also come from IPA …
SAN ANTONIO — The San Antonio Apartment Association (SAAA) has announced its 2023 board of directors and welcomed a new executive director. The 2023 officers are President Renetta Quintana, Capstone Real Estate Services; President-Elect Ryan Baldwin, Franklin Apartment Management; Immediate Past President Victoria Dries-Keeler, Churchill Forge Properties; Past President Jennifer Morales, Asset Living; Vice President Chris Brown, Emergency Cleaning Solutions; Treasurer Sunny Giarritta, NRP Management; Secretary Alan Ross, Bob Ross Realty; and Product Service Council President Omar Rodriguez, Google Fiber. Additionally, Kyle Ward recently joined the association as executive director, …
DALLAS — Greysteel has promoted Jack Stone to managing director, investment sales. Stone specializes in the disposition of multifamily assets for private and institutional clients in Dallas, Fort Worth, El Paso and throughout Texas. He joined Greysteel in 2018 and has closed approximately $500 million in transactions since. Prior to his work with Greysteel, Stone was a real estate attorney.