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Deals & Dealmakers

WHO’S NEWS: FTI appoints new director, CBRE hires two for third-party service

Managing Director

FTI Consulting announced the appointment of Yunsoo Kim as a Managing Director in the Strategic Advisory & Transaction Services group within the Real Estate Solutions practice.
The company also announced the promotion of Stephen Bertonaschi and Laura Jackson to Senior Managing Directors in the practice’s Tax Advisory group.
Yunsoo Kim, who is based in New York, specializes in valuation for asset acquisitions, divestiture, financing and financial reporting.
Prior to joining FTI Consulting, Kim was a Director at Duff & Phelps. Before this, she worked at CNL Income Corp. Kim also worked at GE Real Estate in Seoul, South Korea and was a member of PricewaterhouseCoopers’ Financial Advisory Services practice.
She earned a B.S. in housing and interior design from Yonsei University in South Korea and an M.M.H. in hospitality from Cornell University’s School of Hotel Administration.
She is a Certified General Real Estate Appraiser in Connecticut, Massachusetts, New Hampshire, Vermont and New York. She is also a member of the Appraisal Institute and is a CFA charterholder.
Stephen Bertonaschi specializes in federal, state and local tax and has more than 16 years of experience advising clients on entity formation and structuring, real estate asset acquisitions and dispositions, REIT due diligence and compliance matters.
Bertonaschi holds a B.S. in accounting from William Paterson University and an M.S. in taxation from Fairleigh Dickinson University. He holds a graduate state and local tax certification from Fairleigh Dickinson University and is a Certified Public Accountant in New Jersey.
Laura Jackson specializes in the REIT and partnership area of real estate taxation, providing expertise in due diligence, structuring, REIT compliance, §754 adjustments and partnership taxation.
She developed FTI Consulting’s REIT due diligence tax group, which now serves numerous public and private REITs. She also has extensive experience with deal structuring, creating §704(c) models and handling complicated domestic and international tax compliance for large public and private real estate clients.
Jackson holds a B.S. in business administration with a concentration in accounting from Monmouth University, where she graduated summa cum laude and first in her class, and an M.S. in taxation from Fairleigh Dickinson University.

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RXR Realty named Whitney Arcaro as the company’s new Executive Vice President of Marketing and Retail Leasing.
Arcaro has 15-year experience in real estate marketing and sales.
After joining the RXR team in early 2017 as a Senior Vice President Managing Director of Marketing, she led the company through a number of strategic leasing and community-centric campaigns.
Arcaro will now oversee the retail activity across the RXR portfolio, including place-making opportunities at such iconic properties as the Starrett-Lehigh Building and Pier 57 in Manhattan, and The Hall in Brooklyn.

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Armstrong Teasdale announced the addition of partner Steven I. Tolman, who joins the firm’s Financial and Real Estate Services practice group in New York.
Tolman has more than 40 years of experience focusing on construction law and litigation in both the public construction and private construction sectors of the industry.
His litigation practice encompasses construction disputes and he has significant litigation, trial and appellate experience, representing clients in both state and federal court.
Prior to joining Armstrong Teasdale, Tolman was a founding partner and principal attorney at a New York City-based boutique law firm focusing on construction law and litigation, construction transactions and documents, real estate and landlord-tenant law.

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Enterprise Community Partners announced the election of Wendy Takahisa to its New York Advisory Board.
Takahisa is an Executive Director in Morgan Stanley’s Community Development Finance department, where she leads community relations and regulatory compliance.
She joined Morgan Stanley in 2011 from the New York State Department of Financial Services, where she oversaw Community Reinvestment Act examinations.
Prior to that, she worked for more than 20 years at Citigroup, where she focused on ensuring Citigroup’s banks provided services to low- and moderate-income neighborhoods and people.
Takahisa has served on the Board of Directors of Asian Americans for Equality (AAFE) for more than 20 years and served as the board’s President for over 12 years. She is a founding member and former board member of the New York Mortgage Coalition.
She was a member of the 2017 Japanese American Leadership Delegation (JALD), a program of the US-Japan Council, and was recently elected to the board of the Japanese American Association of New York. She received her bachelor’s degree from Harvard University.

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CBRE announced that Albert Picallo and Masato Inagaki will join CBRE Loan Services to spearhead its newly formed third-party commercial loan underwriting and advisory platform.
Based in CBRE’s New York office, Albert Picallo will join as managing director and head of underwriting, with Inagaki joining as director, underwriting.
Both are accomplished commercial real estate professionals, having founded Focal Point Capital Advisors in 2011 to provide commercial real estate loan underwriting services to institutional capital providers and owner/operators.
Through their platform, Picallo and Inagaki have underwritten more than $10 billion in mortgage loans, mezzanine loans and equity transactions and completed transactions representing $15 billion in property value over the past nine years.
Picallo has more than 25 years’ experience in commercial real estate capital markets.
Prior to co-founding Focal Point, he resolved some of the largest and most complicated assets in the Lehman Brothers bankruptcy. Before that, he headed the underwriting department for Lehman’s Principal Transactions Group.
Masato Inagaki has more than 15 years of professional experience in commercial real estate acquisition and finance.
His experience includes performing underwriting analysis and due diligence for Lehman Brothers’ Global Real Estate Group. In addition, his experience also includes valuation and underwriting of commercial real estate assets in East and Southeast Asia.

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Annette Healey, Executive Vice President at CBRE, has been named the company’s top retail producer in the Americas for 2018. Last year, Healey completed more than 160 transactions.
A member of the firm’s New York Tri-State Region Retail Brokerage Services Group, Healey has distinguished herself as a retail expert across an impressive institutional client base that includes a roster of Class A clients spanning the traditional retail and financial sectors.
One of her notable transactions in 2018 included representing Tiffany & Co. in its sublease of nearly 75,000 s/f, which it will occupy while its New York City flagship undergoes renovations.

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Compound Asset Management announced that real estate data pioneer and former PropertyShark CEO Bill Staniford has joined the firm as Chief Product Officer.
Staniford previously served as CEO of PropertyShark, New York City’s first real estate data technology company. Under his leadership, the firm was acquired by Yardi Systems in 2010.
Staniford is considered an industry expert on the commercialization and implementation of real estate data and technology. He will apply his technology product development expertise to expand Compound’s data-driven acquisition and investment strategy and to incorporate asset and property management technologies.

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Colliers International Project Management announced that Dana Whitney has joined the Corporate Interiors Project Management team as Director of Client Services.
Whitney will play a leadership role with the team’s business development initiatives and will be active in growing the Corporate Interiors and Workplace portfolio in the New York metropolitan area.
Prior to joining Colliers, Whitney was the Director of Business Development at TPG Architecture, where she initiated and oversaw public relations, marketing and business development strategies to grow the firm’s footprint.

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Hessam Nadji, president and CEO of Marcus & Millichap announced the election of John Horowitz to First Vice President.
Horowitz joined Marcus & Millichap as an agent in the Brooklyn office in 2006.
He specialized in multifamily property investments and served as an Associate Director of the National Multi Housing Group.
He joined the management team in 2010 as Sales Manager of the Brooklyn office and was appointed to his current role as Regional Manager of the Brooklyn office in 2011 and was elected to Vice President in 2015.
Horowitz earned a Juris Doctor degree from Fordham University and graduated from Tufts University with a bachelor’s degree in political science.
Prior to joining Marcus & Millichap, he worked as a corporate attorney and ran a nonprofit agency that focused on criminal justice issues.

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Landsea Homes announced three promotions in their New York Metro Division.
Jed Lowry has been promoted to Division Vice President of Finance, where he will oversee all of the division’s financial planning, reporting and accounting efforts.
Lowry will develop division-wide financial strategies and provide financial analysis assistance to the acquisition team in addition to assisting the corporate finance and legal teams in their partnership formation and project financing efforts.
Oded Ben Nun was promoted to the Division’s Vice President of Acquisitions, positioning Landsea Homes as a strategic and opportunistic land buyer in the New York City market.
He will play an integral role in identifying and securing opportunities that will define the next phase of the division’s portfolio.
Promoted from his recent role as Development Associate, Steven Cohen will now serve as the Project Manager of 212 West 93rd Street, the condominium Landsea Homes is developing along with Leyton Properties on Manhattan’s Upper West Side. The projects involves working hand-in-hand with the Shaare Zedek congregation to build a condominium above a brand new synagogue.

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Long-time Turtle & Hughes employee, Karen Barcellona, has been appointed the company’s Compliance Officer.
She will be responsible for ensuring all employees adhere to regulatory requirements and internal policies.
For the past 25 years, Barcellona has served as Regional Credit Manager and has an extensive understanding of the organization’s operations, as well as its accounting procedures.
In addition to her new responsibilities, Barcellona will continue to play a key role in the management of the company’s credit function while working with a recently expanded staff.
Throughout her career, Barcellona has accrued a deep knowledge of business and construction law, and accounting including credit, collections and liens.

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