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Deals & Dealmakers

WHO’S NEWS: Commercial appointments and promotions

Cresa announced industry veterans Peter Sabesan and Richard Selig have joined the New York office as managing principals.
In their new positions, they will be responsible for implementing business growth strategies, overseeing operational efficiencies, promoting brand awareness and supporting professional development.

In 1997, Sabesan and Selig co-founded Hunter Realty Organization. Together, they grew the firm into one of the premier boutique full service commercial real estate companies in New York City.

In 2010, Hunter purchased the New York City franchise of Coldwell Banker Commercial, which became one of the top franchises in the country.

Sabesan and Selig have client experience that spans leasing projects with industry titans, emerging use groups, institutional and local businesses, and international brands. Their most recent clients include Lovell Safety Management, PulsePoint, The Adecco Group North America, Generali USA, Dash Financial Technologies, Lands’ End and LIM College.


Herrick, Feinstein LLP Patrick O’Sullivan has joined the firm from the real estate group of Cleary Gottlieb Steen & Hamilton.

O’Sullivan is a former executive vice president and head of real estate transactions at the New York City Economic Development Corporation (NYCEDC), and a current member of NYCEDC’s board of directors.

As a partner in Herrick’s real estate department, he will advise clients on a range of real estate development and transactional issues, particularly those that arise in connection with public-private transactions.

During his tenure at NYCEDC, O’Sullivan worked with leading real estate developers and governmental agencies on transformative public-private transactions.

He led New York City’s acquisition of Brooklyn Bridge Park and Governors Island from New York State, and oversaw the negotiations for two park development sites.

O’Sullivan also directed the city’s negotiations for the development of NYU’s Center for Urban Science & Progress in Downtown Brooklyn, Howard Hughes Corporation’s redevelopment of South Street Seaport’s Pier 17, and the Empire Outlets and New York Wheel developments in Staten Island.

O’Sullivan joins a group of Herrick lawyers with significant government experience, including Elizabeth Holtzman, former U.S. Congresswoman, New York City Comptroller and Kings County District Attorney; Mitchell Korbey, former New York City Board of Standards and Appeals commissioner and director of the Department of City Planning’s Brooklyn office; Anne McCaughey, former general counsel to the New York City Council’s Land Use Division; and a team of urban planning specialists from the Department of City Planning and the Landmarks Preservation Commission.


Eastern Union Funding announced that Sean Freedman has joined the firm as Director of Banking Relations for their QTS (Quotes and Term Sheets) Banking Division.

Freedman, who, along with his team has managed a portfolio of multifamily, office and mixed-use properties for more than four years, will be managing the banking relationships QTS has established, as well as lead all future banking initiatives.
He began his career in commercial real estate management and was previously employed by RH Management, a division of Rhodium Capital Advisors.

Freedman studied Real Estate Finance at NYU. He will be working from the Eastern Union Maryland Office.

He will be working to expand Mid Atlantic and national relationships, while Aaron Kleiman remains focused on the current NYC metro relationships.


Eastern Union Funding announced that Aryeh Miller has joined the firm as Director of Business Development for the launch of their new Affiliate Broker Division.

The Affiliate Broker Division at Eastern Union is a free service that the company is offering to real estate brokers nationwide. Eastern Union will underwrite listings to present properties to their potential buyers and give brokers direct access to real-time financing intel for debt and equity through its QTS Banking department.

Miller will lead these initiatives designed to service real estate brokers nationwide.

He joins Eastern Union Funding from Superior Healthcare Group on Long Island, a nursing home group that owns and operates a portfolio of 17 nursing homes.


Two of the New York metro area’s leaders in real estate and hospitality, Anthony Ponte and Butch Yamali, have been appointed to the Board of Directors of South Nassau Communities Hospital.

Anthony Ponte is a partner of Ponte Equities, Inc., a real estate management and investment firm with extensive holdings in New York City and the United States.

Ponte has partnered with the Related Companies, building a luxury condo building in Tribeca, as well as developing the nearby 261 Hudson Street and an 80-20 split residential building on 460 Washington Street. HE began his career in his family’s paper recycling business, serving as vice president of the company’s international sales department, as well as directing the company’s Florida operation.

He has also been active in Ponte’s Restaurant, an Italian-style restaurant that has been a fixture in Tribeca for over 47 years.

President of the Dover Group in Freeport, Butch Yamali, is a leading entrepreneur in the Long Island catering and restaurant industry.

One of the largest hospitality, catering, vending and ice cream providers in the metropolitan area, the Dover Group consists of a number of catering halls, restaurants and businesses, including Dover’s latest acquisition, The Milleridge Inn in Jericho, The Coral House in Baldwin, The Sands on Lido Beach Catering Hall, Malibu Shore Club, Camp Malibu, Maliblue Oyster Bar, Hudson’s on the Mile, Dover Caterers, Quick Snack Vending, Dream Event Planning, Carnival Ice Cream and most recently, Peter’s Clam Bar in Island Park.


Sean Cahill, Avison Young principal and managing director of the firm’s Fairfield/Westchester office, has announced that Lisa Dalinka has joined the firm as an associate, specializing in landlord and tenant representation within the office and retail sector.

Dalinka joins the Avison Young from John D. Hastings Commercial Real Estate, and brings 10 years of experience as a consultant.

She spent her early career working in investment banking in equity sales, risk arbitrage trading, and mortgage backed securities sales.

She then went on to help build a successful business as an executive recruiter for derivatives sales and trading.
Dalinka has a Bachelor of Arts from the University of Michigan in Political Science and International Relations.


Waltz, Inc., a technology company that provides a smartphone-based way to access secure spaces and pay transit fares, announced Jay Walder, CEO of Motivate, and Konrad R. Kruger, a co-founder of Five Mile Capital Partners, joined its board of directors.

Jay Walder is a renowned thought leader in the urban mobility space, bringing more than 30 years of experience building and leading transportation systems including the New York MTA and Hong Kong’s MTR Corporation and Transport.
He currently serves as the CEO of Motivate, a leader in bike share systems, overseeing a fleet of over 56,000 bikes across four continents.

Walder has also served on the executive board of the International Association of Public Transport (UITP) and the Executive Committee of the American Public Transit Association.

Konrad Kruger is a co-founder and managing member of Five Mile Capital Partners (FMCP), a commercial real estate oriented private equity firm, known for having executed many landmark transactions.

He has over 30 years of investment banking expertise, and formerly served as a member of NatWest Bank’s Management Committee, CEO of its Corporate Bank, and co-CEO of Greenwich NatWest, its investment bank, and predecessor, Greenwich Capital Markets, Inc. (GCM).
Through the Waltz smartphone app, users can create a personalized transit account to manage balances and quickly make fare payments through units that can be installed on buses, turnstiles, commuter trains and ferries, all without contact.


Mission Capital Advisors announced the hiring of Daniel O’Donnell as managing director of sales and trading.
Based in the Dallas office, O’Donnell is responsible for sourcing, evaluating, structuring and executing the sale of performing and non-performing loans and commercial real estate assets, as well as sourcing debt and equity placement opportunities.

Prior to joining Mission Capital, O’Donnell was a managing director with Holiday, Fenoglio, Fowler in the firm’s National Loan Sales Group.

He was also formerly vice president of U.S. acquisitions for FirstCity Financial Corporation. During his time at FirstCity, O’Donnell was involved in the acquisition and management of more than $2.1 billion of commercial loans.
O’Donnell also previously worked for Bank of America in its Private Wealth Real Estate Group where he was in charge of a portfolio of approximately 625 properties across the Southeast.

He received his Bachelor of Business Administration from Baylor University with an emphasis on finance and real estate.


Schuckman Realty Inc. announced that Trent E. Dickey has joined the Schuckman team as Vice President of New York City Landlord Representation, a newly created position to manage the firm’s brokerage expansion in New York City.

Dickey is responsible for managing and growing landlord leasing operations throughout all five boroughs including overseeing brokerage teams and facilitating deal-making.

His e experience spans multiple asset classes nationally and his track record of successful deal making has helped him build a powerful network of retailers, brokers and landlords.

Previously, hewas head of retail leasing at Cohen Equities where he managed a five million square foot portfolio across 27 states.

Dickey also worked at Acadia Realty Trust as a leasing representative covering the New York, Boston and Chicago metro areas. He started his career as an analyst and was eventually promoted to director of brokerage with NAI Global of NYC.
Dickey majored in finance, graduated from Tulane University’s AB Freeman School of Business and received a bachelor of science degree in management.


New leadership was installed at the IREM Global Summit held in Chicago.

J. Benjamin McGrew, CPM, CCIM, Sacramento, CA, is the 2018 President – making him the 82nd president since IREM was founded in 1933.

McGrew is President and Majority Shareholder of FiduciaryWest based in Reno, Nevada.

His property management career began in 1980, as a maintenance man, and he quickly advanced through the ranks to become involved in property management and commercial real estate, managing all types of commercial investment properties.
He earned his CPM designation in 1987, and began to actively participate in his local IREM chapter.

Also installed was 2018 President-elect Donald B. Wilkerson, CPM, President and CEO of Gaston and Wilkerson Management Group, AMO, in Reno, NV.

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