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“California People and Company News: June 14, 2024 Weekly Update”

"California People and Company News: June 14, 2024 Weekly Update"

ACORE Capital, LP has announced the appointment of Michael Wilkinson as CFO and Brian Abbott as head of asset management. Prior to joining ACORE, Wilkinson served as Executive Director in the Financial Institutions Investment Banking group at Wells Fargo Securities. Abbott comes to ACORE from advisory firm Bellwether Asset Management.

Evan Kantor has been named Head of the Commercial Investment Group at global real estate company Kennedy Wilson. He will be responsible for leading their commercial investment business in the U.S. With 20 years of industry experience, Kantor previously served as Managing Director – Acquisitions and Asset Management at Kennedy Wilson.

Caleb Williams, a former player for Chicago Bears who was selected first in the 2024 National Football League draft, has formed a new partnership called 888 Midas with Sherif Guirgis (former Managing Director at Main Street Advisors), Ross Walker (Co-Founder and Managing Partner of Hawkins Way Capital), John Terzian (Co-Founder and Co-President of The h.wood Group), and Lew Wolff (Chairman of Wolff Urban). Based in Beverly Hills, this investment vehicle focuses on alternative investments such as private equity ventures capital ,and real estate.

Dunmor is a technology-forward lender specializing in residential real estate investment loans that recently added two industry veterans to its leadership team: Tuan Pham (former Chief Marketing Officer at CoreVest Finance) and Steve Huff (former Director Business Operations Wedgewood). They provide short-term bridge loans , fix-and-flip loans ground-up construction loans ,and rental financing for residential multifamily properties based out Los Angeles .

ExchangeRight is one nation’s top providers diversified DST REIT investments headquartered Pasadena . Their Essential Income REIT recently entered into credit facility with Wells Fargo worth $75 million which may increase up $400 million upon request subject receipt commitments increased amount .

Archer is data-driven tech firm located San Francisco that offers tools designed enhance deal sourcing, automate analysis and facilitate team collaboration for commercial real estate professionals. Their recent round of funding was led by Portland Seed Fund with a strategic investment from Marcus & Millichap.

CalPERS has made $100 million investment in Nuveen Real Estate U.S. Affordable Housing Strategy which launched in 2023 to generate strong risk-adjusted returns and build resilience among communities through access safe quality affordable housing.

FirstService Residential has acquired CitiScape Property Management Group based out San Francisco . Founded in 1999, they are leading provider residential commercial association management services market .

Nadia Geller Designs recently completed interior design installation at Cityview’s Jasper apartment development located Los Angeles . The multifamily development encompasses over 282,000 square feet and is situated the newly revitalized University Park East neighborhood construction began June of last year with completion July this year.

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