Madison International Realty has named Managing Directors Carey Flaherty and Derek Jacobson as Co-Chief Investment Officers, announced Ronald M. Dickerman, Madison Founder and President.
Both Flaherty and Jacobson have been integral to all aspects of transaction underwriting, execution and asset management in Madison’s US and European markets. The new title will allow them to expand their roles within the firm, as well as enhance market relationships, Dickerman said.
Flaherty, who joined Madison in 2003, has held numerous positions across the firm’s platform, including oversight of Madison’s global portfolio and asset management function and US investments. Prior to joining Madison, Flaherty served in the real estate investment banking group at Deutsche Bank, where he analyzed real estate private equity investments and structured debt products on behalf of the firm’s managed investment funds and third-party clients.
Jacobson, who joined Madison in 2004, has overseen Madison’s European investment activities as Managing Director, with responsibility for origination, underwriting and execution of transactions for the firm’s managed funds. He has worked on all aspects of financial analysis, property due diligence, and transaction structuring, with specific focus on closed-end funds and equity recapitalizations in Germany, the UK, and Madison’s other non-US markets. Previously, he was a financial analyst in the acquisitions and underwriting group of Taurus Investment Holdings, an international real estate private equity firm.
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Polsinelli announced two highly-experienced finance attorneys joined its New York office.
Barry P. Biggar and Stephen A. Rutenberg have joined the firm’s national Capital Markets and Commercial Lending group. The new additions are the latest in a significant growth period for the New York office as Polsinelli continues to add strong talent to its roster, most notably in real estate, financial services and intellectual property.
Biggar joins Polsinelli from Pillsbury Winthrop. For more than 25 years he has represented financial institutions in complex structured debt and tax advantaged financings in both the U.S. domestic and cross-border markets, including extensive experience in the aviation, rail, maritime and manufacturing sectors, as well as nuclear fuel resources.
Biggar has represented creditors in the United Air Lines and Northwest Airlines bankruptcy cases. He earned his Juris Doctor degree, cum laude, from Pace University School of Law, and his bachelor’s degree, cum laude, from Manhattan College. Biggar is included in Euromoney’s “Guide to the World’s Leading Aviation Lawyers” as one of the premier practitioners in North America.
Rutenberg joins the firm from Arnold & Porter Kaye Scholer, where he counseled hedge funds, private equity firms, and global financial institutions on legal issues relating to the purchase and sale of loans and securities, including those of distressed and bankrupt companies, and on cross-border bankruptcy claims trading-related matters.
Rutenberg received his Juris Doctor degree from the University of Pennsylvania Law School along with a certificate of Management and Policy from the Wharton School. He earned his bachelor’s degree from Brooklyn College. In addition to being admitted to the New York bar, Rutenberg is a solicitor in England and is listed as a Rising Star by IFLR1000.
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Jeffrey L. Heller, Avison Young, Principal and Managing Director of the New Jersey office, announced that company professionals, Matthew C. Turse, Timothy J. Cadigan and Timothy D. Lohmann have each received promotions based on their exceptional performance.
Turse and Cadigan were both promoted from Vice President to Senior Vice President of Industrial Brokerage. With a combined 40 years of commercial real estate experience, Turse and Cadigan have lead the industrial brokerage practice within Avison Young.
After only two years with Avison Young, Lohmann, has been elevated from Associate to Senior Associate of Office Brokerage. Lohmann is one of the leading professionals of Avison Young’s Young Guns program, that develops and implements real solutions to issues faced by young professionals and to support them in moving their careers forward on the path toward becoming a Principal at Avison Young.
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Lee & Associates has announced that Brian Lynch, president of Lee & Associates New Jersey, has been named Chief Strategy Officer in charge of East Coast expansion.
The primary push will be focused on the Boston, Washington D.C., Charlotte, Raleigh Durham, and Miami markets, with an additional 10 to 12 Eastern markets expected to be added in the next two years.
Prior to joining Lee & Associates in 2009, Lynch founded Commercial Realty Associates in 1995 and was the leader of this multifaceted boutique firm providing landlord representation, property management, and construction management services to small and mid-sized companies. He later expanded his services to his clients, founding CRA Architecture and Design in 2007.
Madison International Realty has named Managing Directors Carey Flaherty and Derek Jacobson as Co-Chief Investment Officers, announced Ronald M. Dickerman, Madison Founder and President.
Both Flaherty and Jacobson have been integral to all aspects of transaction underwriting, execution and asset management in Madison’s US and European markets. The new title will allow them to expand their roles within the firm, as well as enhance market relationships, Dickerman said.
Flaherty, who joined Madison in 2003, has held numerous positions across the firm’s platform, including oversight of Madison’s global portfolio and asset management function and US investments. Prior to joining Madison, Flaherty served in the real estate investment banking group at Deutsche Bank, where he analyzed real estate private equity investments and structured debt products on behalf of the firm’s managed investment funds and third-party clients.
Jacobson, who joined Madison in 2004, has overseen Madison’s European investment activities as Managing Director, with responsibility for origination, underwriting and execution of transactions for the firm’s managed funds. He has worked on all aspects of financial analysis, property due diligence, and transaction structuring, with specific focus on closed-end funds and equity recapitalizations in Germany, the UK, and Madison’s other non-US markets. Previously, he was a financial analyst in the acquisitions and underwriting group of Taurus Investment Holdings, an international real estate private equity firm.
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Waltz, Inc. announced the hire of Michael DeVitto, who will serve as the company’s Chief Strategy Officer. DeVitto is a veteran of the transit fare payment industry, most recently serving as the head of fare payment for New York’s Metropolitan Transportation Authority. In his new role, DeVitto will oversee strategic partnerships and commercialization of the Waltz platform in the transit industry.
DeVitto brings significant operational and technical experience to Waltz. Most recently he served as Vice President and Program Executive for Fare Payment Programs at New York’s Metropolitan Transportation Authority (MTA). In that role, DeVitto led the effort to launch next generation fare payment systems across the MTA, including replacement of NY’s MetroCard system.
He was also a key member of the team that developed and operated the “Open Payments” pilots in New York City Transit in 2006 and 2010, along with Adam Gluck, Waltz VP, Transit Products. Those pilots accepted bank-issued contactless cards for fare payment directly at transit points of entry, a paradigm shift at the time and industry standard today. DeVitto will work closely with members of the Waltz executive team, including Gluck and John Shaw, Chief Technology Officer, in a design-build-deploy partnership for the platform.
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Stroock announced the arrival of Michelle M. Jewett, an attorney with substantial experience in domestic and international tax matters. She joins as a partner in the firm’s New York office.
Formerly a partner with Morrison & Foerster, Ms. Jewett brings a broad-based tax practice with a focus on real estate, corporate and partnership transactions, financial instruments, private fund structures and intellectual property. She structures domestic and cross-border, taxable and tax-free real estate and private equity investments, as well as diverse forms of private funds, leveraged leasing deals, mergers and acquisitions, mortgage-backed securities, foreign investments in the U.S. and outbound investments by domestic companies.
Ms. Jewett also provides counsel on tax aspects of bankruptcies and financial restructurings, timber and hedge funds and life settlements. In addition, she frequently advises on tax issues associated with energy and infrastructure investments and has significant experience in the highly specialized area of energy and renewable energy credits.
Ms. Jewett has been a featured panelist at numerous real estate, investment and tax conferences, where she has discussed fund strategies, REIT and FIRPTA rule changes, liquidating assets and complying with regulatory updates and developments.
Ms. Jewett is recommended as a leading lawyer by Legal 500 and IFLR1000 and was named as a Rising Star by Law360. She received her J.D. from Harvard Law School and her B.A. from Stanford University.
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Phillips Nizer LLP welcomed Jay H. Kim as a partner in the firm’s Real Estate Law Practice. Mr. Kim, who concentrates his practice in commercial and residential real estate transactions, represents investors, lenders, cooperative and condominium boards, and private individuals. Prior to joining Phillips Nizer, he was a named partner of the New York law firm, Yoon & Kim LLP.
Joining Mr. Kim as an associate is Jillian K. Markowitz. Ms. Markowitz represents investors and individuals in the acquisition and sale of commercial and residential real estate and represents commercial lenders. Having received special recognition for her outstanding knowledge of intellectual property law while in law school, she will also continue to counsel clients in copyright law.
Mr. Kim earned his J.D. from St. John’s University School of Law, where he was a Sir Thomas More scholarship recipient, and a Bachelor of Arts degree from Cornell University. He is admitted to practice in New York and the U.S. District Courts for the Southern and Eastern Districts of New York.
Ms. Markowitz earned her J.D. from Hofstra Law School, and a Bachelor of Arts degree from The Gallatin School of Individualized Studies at New York University. She is admitted to practice in New York and Florida.
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Avison Young announced the promotion of Kirsten Beck to Principal in the firm’s New York City office.
A project management industry veteran for nearly two decades, Beck began her Avison Young career 10 years ago in the firm’s New Jersey office, overseeing numerous regional initiatives including interior renovations, tenant representation and capital improvement plans. In 2011, she volunteered to launch a New York City operation and now oversees all related Avison Young project management activities throughout the five boroughs and parts of Connecticut.
She has been recognized as a global Avison Young corporate leader for her involvement in the company’s internal Project Management Affinity Group, which helps define and expand project management principles for Avison Young offices throughout the world.
Prior to joining Avison Young, Beck served as a Senior Project Manager at The Walsh Company and Senior Project Manager for Champion Mortgage. She is a licensed Project Management Professional (PMP) and has received numerous industry recognitions, including being named a Woman of Valor by St. Francis Food Pantries and Shelters in 2015, and her long-standing involvement with IFMA Cares.
