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Deals & Dealmakers

WHO’S NEWS: Madison International Realty promotes Yichao Mark to vice president

Schack Real Estate Institute clinical assistant professor Constantine “Tino” Korologos CRE, MAI, MRICS, has joined Eyzenberg & Company as a managing director in its New York City headquarters.

He will be originating, structuring and placing debt, equity and ground lease capital for commercial real estate transactions across the U.S.

Korologos teaches graduate and undergraduate real estate finance, capital markets and portfolio risk courses at the New York University Schack Real Estate Institute, where he has been on the faculty for over 25 years.

Korologos is also a 35-year veteran of the commercial real estate finance sector and has held senior executive and managing director positions at Wachovia Securities, Bear Stearns and Co., GE Capital Real Estate, Moody’s Investors Service, Equitable Real Estate Investment Management and Deloitte & Touche.

A member of the Counselors of Real Estate (CRE), with an MAI designation from the Appraisal Institute, Korologos has participated in complicated financial transactions valued at over $100 billion across all asset classes. He has been involved in some of the largest REIT privatizations conducted in recent years and engaged as a regulatory advisor for several Top 50 commercial banks, assisting with the development of CCAR and DFAST stress test models.

An active member of CREFC, where he serves on the CRE World Editorial Board and the Education committee, Korologos graduated with an MBA in Finance from NYU Stern School of Business, and a Bachelor of Business Administration from Baruch College, City University of New York.

In addition to the aforementioned organizations, he actively participates in multiple industry groups including ULI, ICSC, NAREIT, CCIM, NCREIF and ARES (American Real Estate Society).

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Madison International Realty, a leading real estate private equity firm, announced the promotion of Yichao Mark to vice president.

Mark has been with Madison for two years in the New York office as a member of its global equity capital markets team. He has responsibility for fund marketing, client relations and expansion of Madison’s investor relationships across the globe. He works closely with both the London and Frankfurt offices on marketing, branding and investor relations.

Prior to joining Madison in 2018, Mark spent three years at ORG Portfolio Management, conducting manager due diligence and assisting the firm‘s institutional investor clients with their private real estate portfolios. He is an active CFA charterholder.

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Greystone has announced that Quinn Barton has joined as chief investment officer of the commercial platform.

In the newly created position as CIO, Barton will oversee capital markets activities and capital deployment strategies for Greystone’s commercial division. He will help in designing the overall blueprint for Greystone’s expanding CRE finance and investment activities.

Barton joins Greystone from Carmel Partners,a multifamily real estate private equity firm, where he led that firm’s origination of debt investments, including b-pieces and distressed multifamily mortgages. Prior to Carmel Partners, Barton was head of CMBS trading at Banc of America Securities, led B-Note and Mezzanine loan trading at Natixis, and also held senior CMBS trading roles at RBS Greenwich Capital Markets and JPMorgan Chase Securities.

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Paul Jaffe has joined Metropolitan Realty Associates (MRA) as senior associate. He assists in underwriting and structuring new acquisition opportunities, as well as asset management on behalf of the firm and its equity partners.

Jaffe’s real estate career began at Anchin, Block & Anchin, auditing private real estate companies and their underlying assets to prepare annual financial, current value, and operating escalation statements. He later served in a variety of positions in both advisory and private equity—focusing on equity investment management — as well as debt and mezzanine financing and investment sales, with companies including Townhouse Partners, Berkshire and Ackman-Ziff.

At Berkshire, Jaffe worked on acquisitions and portfolio management for a private equity fund vehicle focused on opportunistic real estate investment through entity-level and GP equity commitments to real estate operating companies exhibiting specialized asset class and market expertise.

Additionally, he is a licensed real estate salesperson in the state of New York.

As a long time lacrosse fan and current member of Harlem Lacrosse, Jaffe helps coach and tutor high school students at the Frederick Douglass Academy in Upper Manhattan.

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Savills has announced that industry veteran Michael Leff has rejoined the company as an executive managing director in the firm’s New York headquarters office.

Leff, who worked at the firm from 2001 to 2010, returns to Savills after a seven-year stint at Avison Young. In his new position, Leff will advise leading companies and organizations on strategic real estate solutions throughout the New York Tri-State region.

Leff, with more than 20 years of tenant representation and corporate real estate experience, has represented a diverse client base that includes major corporations, law firms, professional services firms, engineering companies, fashion apparel companies and more. Throughout his career, he has completed approximately 6 million s/f of transactions. His most significant deals include multiple locations for physical therapy provider Professional PT (300,000 s/f), law firm Heidell Pittoni Murphy & Bach LLP (90,000 s/f), and technology giant Samsung (50,000 s/f), as well as new leases for the for The Row fashion label’s headquarters (40,000 s/f).

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The Real Estate Executive Council (REEC), a professional trade association formed to promote the interests of minority executives doing business in the commercial real estate industry, has announced that Ken McIntyre has been hired into a newly created role as the interim chief executive officer. McIntyre will be the first CEO of REEC.

McIntyre will be stepping down as a REEC board member in order to work closely with REEC executive director, Oscar Groves, who has been working with the organization since 2005 and leading it since 2013 as its executive director.

McIntyre is founder and managing principal of PassPort Real Estate LLC, a consulting firm focused on advising clients on various areas of commercial real estate finance.

Prior experiences include: managing director in MetLife’s Real Estate Investments Group with various responsibilities across both the debt and equity portfolios; and senior origination and relationship management roles at KeyBank, GE Capital Real Estate, UBS and Chase.

He is an Independent director at Newmark Group, Inc. (NMRK aka Newmark Knight Frank); a former trustee of the International Council of Shopping Centers (ICSC); an active member of the Urban Land Institute (ULI), Real Estate Lenders Association (RELA) and a founding member of Real Estate Networking Trust (R*E*N*T) and the Real Estate Executive Council (REEC). Additionally, McIntyre formerly served on the advisory boards of Real Estate Advisory Committee for the Federal Reserve Bank of Atlanta and the Council of Urban Real Estate (CURE).

Outside of real estate, he is on the Board of Directors for the National Jazz Museum in Harlem and the Yorkville Youth Athletic Association.

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Hannah Altomare has been promoted to account executive within RT Specialty, LLC’s Environmental and Construction Professional (RT ECP) Practice. She is responsible for helping RT ECP’s leadership develop quotes, proposals and presentations as well as negotiating the terms of the organization’s Contractor’s construction lines of business.

Before her current role, Altomare served as a claims consultant at Conner Strong & Buckelew in Philadelphia, Pa. and commercial lines account manager at Dash & Love, Inc. in Bala Cynwyd, Pa., where she was actively involved in exploring and identifying new coverage lines for clients.

Altomare holds a Bachelor’s Degree in Business Administration from the Fox School of Business at Temple University as well as Associate in Claims (AIC) and Associate in Risk Management (ARM) certifications. In addition, she is pursuing the Chartered Property Casualty Underwriter (CPCU) and Construction Risk and Insurance Specialist (CRIS) designations.

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Piedmont Office Realty Trust, Inc. announced today that its board of directors has appointed Glenn G. Cohen as member of the board. Cohen will serve as an independent director of the Company and as a member of the Audit Committee of the Board.

Cohen is executive vice-president, chief financial officer and treasurer of Kimco Realty Corp., where he has been employed for the past 25 years, serving first as director of accounting and taxation, then treasurer and various other positions until his promotion to CFO in 2010.

Cohen previously served as an independent director and member of the audit committee for Quality Care Properties, Inc. from 2016 until its acquisition by Welltower, Inc. in 2018. He is a CPA and member of National Assoication of Real Estate Investment Trusts (NAREIT) and International Council of Shopping Centers (ICSC).

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Madison International Realty has promoted Diana Shieh to managing director.

Shieh has been with Madison for over six years based in New York as a director on its portfolio and asset management team. She has primary responsibility for the management and operations of Madison’s domestic and international property portfolio. Most recently, she has overseen Madison Funds V and VII, along with other specialty vehicles, totaling more than $3 billion of AUM. Shieh works closely with the firm’s London, Frankfurt and Luxembourg offices and assists in managing Madison’s holdings across the globe.

Prior to joining Madison in 2014, Shieh spent two years at Rockwood Capital, managing the firm’s New York portfolio totaling over $2 billion in assets. Prior to Rockwood, she spent six years at Shorenstein, where she worked on asset management of its U.S. commercial real estate portfolio.

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Porzio, Bromberg & Newman P.C. has announced that Carol A. Sigmond has joined its New York office as of counsel on the Real Estate team. Sigmond focuses her practice on construction and real estate matters, such as mediation, litigation, appeals, arbitration, contract preparation, suretyship, and bid protests. Prior to joining Porzio, Sigmond was managing partner of the New York office at Cohen Seglias.

Sigmond has a substantial practice representing New York clients in construction-defect litigation. She helps her clients expedite the construction project by ensuring that the proper contracts are in place.

She is an experienced mediator and is on the New York County Supreme Court Commercial Division Roster of Volunteer Mediators and the American Arbitration Association’s Roster of Construction Industry Arbitrators.

Sigmond is the current vice president of the New York State Bar Association and the former president of the New York County Lawyers Association. She is a frequent speaker and author on topics relating to construction law and publishes “The Co-Op Condo Help Line” appearing monthly in various Mann Report publications.

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Transwestern Commercial Services (TCS) has announced a new hire and a promotion in its New York office for its Nonprofit Advisory Services team. The commercial real estate firm has hired industry veteran Arthur Skelskie as executive managing director, and Stephen Powers, who leads the national Nonprofit Advisory Services platform, has been promoted to partner.

Stephen Powers has been dedicated to serving nonprofit clients for the past 15 years of his career, helping a wide spectrum of nonprofits secure mission-driven administrative and program space, including Children’s Aid, Goodwill Industries, City Year, KIPP Foundation, Genesys Works and the National Museum of Mathematics. He serves as the chair of the Associate Board for the National Museum of Mathematics and sits on Transwestern’s Board of Directors.

Arthur Skelskie brings a 20-year career managing multinational corporate real estate portfolios. Most recently, he was the head of Global Corporate Services for Moody’s Corp. He also directed the Moody’s Foundation as well as all of the company’s corporate social responsibility programs. Previously, Skelskie directed Global Real Estate for Time Inc. and managed the activities of the central real estate organization for Siemens North America. A member of the New York State Bar, he began his career as a real estate attorney, working for Siemens and in private practice in New York City.

Skelskie is active with the Cooke School and Institute, a nonprofit school for children with special needs, serving as a member of the Board of Trustees, Chair of the Real Estate Committee and member of Executive Committee. He also acts as the chair of the Real Estate Committee and a member of the Board of Trustees of CAST, a social service agency in Long Island.

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Jaros, Baum & Bolles (JB&B) has announce its promotions for 2020, including new director Michelle DeCarlo and new Senior Associate Cristin Lucena, as well as the onboarding of the firm’s Director of Building Information Modeling, Emily Belote.

Michelle DeCarlo has worked with JB&B since 2007 and has led HVAC design on a wide variety of office building, transportation, laboratory and healthcare facility projects, including the new core and shell office design for 30 Hudson Yards and the commercial office redevelopment of the landmarked Moynihan Train Hall.

She serves as programs chair on the Board of Directors for the Commercial Real Estate Women of New York and recently completed four years of service on the ASHRAE New York Board of Governors, where she served as the chairperson of its Women in ASHRAE Committee. In 2018, DeCarlo was recognized as one of BD+C’s 40 Under 40 and Professional Women in Construction’s 20 Under 40, and again in 2019 as one of the St. Francis Food Pantries’ Women of Valor. She is also founder of the JB&B Women’s Initiative, whose mission is to position women as leaders.

Cristin Lucena joined the firm in 2009 and has overseen a wide range of projects within the Plumbing and Fire Protection Department.

High-profile projects have included 15 Hudson Yards, 111 West 57th Street and the groundbreaking new cultural venue The Shed. In addition to managing the design of plumbing and fire protection systems on large-scale projects, she supervises a team of engineers and works closely with clients and other industry professionals. She is an active member of the Plumbing Foundation City of New York as well as the ACEC New York Plumbing Code Committee.

Emily Belote is responsible for BIM integration strategies as well as establishing standards, operating procedures, educational content and project support. She has more than a decade of experience with 3D modeling and has spent the past seven years working in the construction industry, where she was involved in the Jacob K. Javits Convention Center Expansion, among other projects.

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