Berkadia expands affordable housing financing group
Berkadia broadened its affordable housing finance practice by hiring Rob Schultz, who the firm said will serve as managing director of capital markets in its Denver office. The New York-based real estate services firm said Schultz will procure investment and financing to support Berkadia’s affordable housing mortgage banking services.
Schultz joined Berkadia from Greystone Housing Impact Investors, an affiliate of Greystone Service Co., where he served as managing director. Practice areas in his new job at Berkadia will include debt and mezzanine financing, bridge and construction loans and preferred equity transactions.
Gilbane pursues biotech project business
Construction management firm Gilbane Building Co. hired Marna Wessels as senior project executive in the firm’s Boston office. The Providence, Rhode Island-based company said Wessels will lead projects within Gilbane’s regional life science, healthcare and commercial portfolio. The 20-year industry veteran served most recently as a project executive for John Moriarty & Associates. She has led projects on behalf of biotech and healthcare firms such as Takeda, Moderna, Sanofi and several cancer research companies.
Wessels began her career at South Africa-based Murray & Robert Properties and Aub Projects Ltd. before moving to Massachusetts, where she worked for firms including Amgen, GID and Faithful & Gould. The private and family-owned Gilbane was founded in 1870. It has more than 45 offices worldwide.
Realterm grows transportation property holdings
Transportation property investment firm Realterm appointed Joe Noon as a senior vice president and head of U.S. investments. Based in its Chicago office, Noon previously served as Realterm’s vice president of investments in the Central region and head of U.S. development. Prior to joining Realterm, he served as a director for investment and development firm Hines in Chicago, leading its Midwest industrial practice.
Noon’s new role at Realterm will include securing new investments to grow the company’s transportation logistics portfolios, the Annapolis, Maryland-based company said. Realterm has $12 billion in assets under management on behalf of global investors. It acquires, develops and finances real estate and infrastructure geared to land, air, sea and rail networks.
Trademark Property bolsters asset management
Real estate investment firm Trademark Property Co. hired Peter Cavazos as vice president of asset management. The Fort Worth, Texas-based company said Cavazos will help manage a team of associates and analysts handling budget initiatives and related financing and operating tasks.
Cavazos served most recently as vice president of capital markets for Dalfen Industrial. Before that, he worked at Spirit Realty, RPT Realty and Weitzman.
At Trademark, he will oversee about half of the company’s assets under management, including retail and mixed-use centers in Texas, Tennessee and Florida, the company said. Trademark acquires and develops mixed-use, retail and apartment properties and has several multifamily projects underway.
Cushman broadens finance team in Florida
Steven Sperandio joined Cushman & Wakefield as executive managing director in the Miami office as part of the real estate services firm's equity, debt and structured finance group.
Sperandio joined Cushman from RIPCO Real Estate, where he launched and led the firm’s capital advisory business. He also worked earlier on finance teams at Newmark Knight Frank, Cantor Fitzgerald and AIG.
Sperandio has nearly 20 years of industry experience in commercial real estate finance and will represent Cushman & Wakefield clients across South Florida and other regions, the firm said. During his career, he has represented banks, life insurance companies, CMBS and alternative capital providers.