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David L. Messenger to Step Down as CFO at Century Communities

David L. Messenger to Step Down as CFO at Century Communities

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Century Communities Inc. (NYSE: CCS), a Greenwood, Colorado-headquartered homebuilder, announced that David L. Messenger is stepping down as chief financial officer on March 22 to pursue other opportunities. Messenger became CFO in June 2013, and previously held the...
Berkshire Bank to Sell 10 Branches in Upstate New York

Berkshire Bank to Sell 10 Branches in Upstate New York

by Phil Hall | Mar 5, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Boston-headquartered Berkshire Hills Bancorp Inc. (NYSE: BHLB) announced that its wholly owned subsidiary Berkshire Bank is selling 10 of its branches in upstate New York. The sales include approximately $485.5 million in deposits, $60.5 million of related residential...
Toorak Capital Partners Completes First Rated Residential Transition Loan Securitization

Toorak Capital Partners Completes First Rated Residential Transition Loan Securitization

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Toorak Capital Partners Inc., a capital provider to the residential real estate lending industry, announced the closing of the first rated residential transition loan (RTL) securitization, Toorak 2024-RRTL1. RTLs are used by real estate investors use to renovate older...
Jay Olander Joins Capital Square as President and CFO

Jay Olander Joins Capital Square as President and CFO

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Capital Square, a Richmond, Virginia-headquartered sponsors of tax-advantaged real estate investments and a developer and manager of housing communities, announced that Jay Olander has joined the company as president and chief financial officer. Olander also serves as...
$37 Million Refinancing Secured for Texas Multifamily Property

$37 Million Refinancing Secured for Texas Multifamily Property

by Phil Hall | Mar 4, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), announced the $37 million refinancing of Dane Park, a luxury 392-unit multifamily property in Grapevine, Texas. The terms of the five-year loan include 6.23% interest only and a spread of 1.68%....
Carl Harris Elected 2024 Chairman of National Association of Home Builders

Carl Harris Elected 2024 Chairman of National Association of Home Builders

by Phil Hall | Mar 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The National Association of Home Builders (NAHB) has announced the election of Carl Harris as its 2024 chairman. Harris is co-founder and vice president of the Carl Harris Co. Inc. and managing partner of Harris Homes, both based in Wichita, Kansas. He has more than...
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