Trez Capital, a nonbank commercial real estate investor and financier, has hired John L. Creswell as executive managing director and global head of capital raising. Creswell will be located in the company’s Chicago office and lead its Toronto-based capital raising...
Renaissance Hotels, part of Marriott Bonvoy’s global portfolio of over 30 hotel brands, has announced its fifth New York City property with the opening of the Renaissance New York Harlem Hotel. The new hotel is the brand’s first in the celebrated Manhattan...
David Messing, an executive with two affiliates of Hamilton Zanze, a San Francisco-based real estate investment company focused on the multifamily sector, passed away last week at the age of 56. Messing was managing partner of Graham Street Realty, which he joined in...
The volume of commercial mortgage-backed securities (CMBS) loans that are classified as delinquent spiked by 49.4% to $27.91 billion during the 10 months of this year, according to data from Trepp Inc. This volume represents 5.07% of the $601.98 billion universe...
JLL (NYSE:JLL) appointed Michael Colacino as president of its tri-state brokerage. Colacino will be based in Manhattan and report to Peter Riguardi, JLL’s chairman and president of the New York Region. He will also work in partnership with Stephen Schlegel, chief...
Mortgage Equity Hits $17.5 Trillion as Servicers Lose Cash-Out Borrowers
