Chimera Investment Corporation has announced the election of Cynthia B. Walsh to their board of directors as a Class III director, effective December 1st. With over 37 years of experience in the financial industry, Walsh brings a wealth of knowledge and expertise to her new role. She currently serves as president at Walsh Advisors, a registered investment advisory firm she founded in 2011. Prior to this, she held various positions at Bank of America and served as managing partner and CFO at National Bond and Trust from 2001-2011.
Gilbane Building Company has appointed Anne Alexander as senior manager for business development in their New York City division. Alexander brings more than 18 years of experience working with top firms in developing growth strategies within the AEC industry. Previously, she worked with Walter P Moore where she led business development efforts for multiple markets including New York, Los Angeles, San Francisco and San Diego.
Denholtz Properties , based out Red Bank NJ., has hired Paul Paschal as director for acquisitions covering the Mid-Atlantic and Southeast regions along with Kyle Kostakis joining themas development manager.Paschal will lead industrialand multifamily acquisitions strategyin high-growth primary,s econdary,and tertiary markets across these regions.He previously served VPof Lee & Associates’ Charleston officeand also held roleswith Marcus & Millichapand NAI Columbia.Kostakis joins Denholtz Properties after nearly tenyearsworking on project managementat Toll Brothers.
AmTrust Title Insurance Company,a subsidiaryof AmTrust Financial Inc.,has expanded its agency division by hiring several experienced professionals.Among them is Carlos M.Rodriguez who joins asthe SVP Agency Area Sales Manager.Other hires include Amanda “Mandy” Anderton,Saud Sadeya,Matt Wood,and Marcus Smithwho collectively bringover50 yearsof combinedexperienceintheindustry.Theywill join Rodriguez’s teamto help growthe company’s agency business.
FirstService Residential has named Matt Damico as their Business Development Director for the condominium and homeowners association market in New Jersey and New York state. With over 28 years of real estate management experience, Damico is well-equipped to lead the company’s growth strategy in these regions.
Asset Based Lending LLC (ABL), a private capital provider for real estate investors, recently closed its second unrated securitization,A BL 2024-RTL1.This transaction includes three classes of notes(A1,A2,and M)which were soldto institutional investors.The two-year revolving periodrepresents an increase from ABL’s previous offering which had an18-month duration.
A joint venture between Tutor Perini Corporationand O&G Industries Inc.has been selected by the New York City Department of Design and Construction asthe Apparent Selected Proposerforthe new Manhattan Jail Facility. This projectis partofa larger effort to replace Rikers Island Jail Complex with four new jails across different boroughs.Tutor Perini anticipates negotiating contractual termsand pricingfor this multi-billion-dollar project.
