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Columbia University Business School Paul Milstein Center for Real Estate

Alumni in the News

Real Estate Alumni in the News  

Here is what your fellow Columbia Business School Real Estate Alumni have been doing recently. If you don't see your news mentioned, please let us know.

Matthew Baron ’07

Franklin Street Offices Will Replace Popular Greenpoint Bars

“North Brooklyn is teeming with apartments, hotels, restaurants and nightlife—but what’s missing is enough high-quality office space to meet the demands of the area’s growing workforce,” said Matthew Baron, president of Simon Baron.

Bklyner

Joshua Berman ’14

Meridian Capital Group has arranged $70 Million in Financing to Refinance the Hilton Cincinnati

Netherland Plaza Hotel in Cincinnati, Ohio is a 561-key French Art Deco hotel that was used as a model for the design of the Empire State Building. Meridian’s Drew Anderman and Joshua Berman negotiated the debt on behalf of the property’s owner.

Commercial Observer


Here’s Why Hilton Cincinnati Netherland Plaza Landed $70M in Refinancing

Meridian Capital Group arranged $70 million in financing for the refinance of the Hilton Cincinnati Netherland Plaza Hotel in downtown Cincinnati. The 12-month loan was negotiated by Drew Anderman and Joshua Berman, both in Meridian Capital’s New York City headquarters.

Cincinnati Business Courier

Cia Buckley Marakovits ’93

Here's How Developers are Blurring the Lines Between Hospitality and Resi Projects

It’s a natural result of a new cultural landscape, said Cia Buckley Marakovits, chief investment officer at Dune Real Estate Partners. “We’ve gotten accustomed to choices,” she said. “Real estate has always reflected, since the dawn of time, what’s happening in the community.”

The Real Deal

Allison Chiaramonte ’09

The 7 Things You Absolutely Must Do When Moving Into a Co-Op

Always introduce yourself [to the super] early in the bidding process, suggests Allison L. Chiaramonte, an agent at Warburg Realty in New York City. "Not only is it possible he may mention how lovely you seem to potential board members before your interview, he will become a lifeline when you move into the building and your fridge starts leaking at 2 a.m.," she says.

Apartment Therapy


64 Things to Increase Home Resale Value This Weekend

Simply removing clutter and organizing rooms in your home can make a home appear larger and boost its resale value. According to Allison Chiaramonte, real estate agent at Warburg Realty, “We are very visual as buyers and usually make a decision about whether a home could be the ‘one’ within seconds. Clutter and mess distract us from seeing the space and instinctively turns buyers off.”

House Method

Tom DeRosa ’88

Quality Care Properties Shareholders Overwhelmingly Approve Welltower Merger

Welltower CEO Tom DeRosa previously described the deal as “an exciting opportunity for Welltower” and said it “singularly validates our strategy of partnering with major health systems to drive healthcare delivery to lower-cost settings while improving health outcomes.”

McKnight's Senior Living


ProMedica, Welltower, Finalize Purchase of HCR ManorCare

Tom DeRosa, CEO of Welltower, called the partnership between his firm and ProMedica a “transformative” one that will improve health care. “Together with ProMedica, one of the largest and most innovative health systems in the U.S., this acquisition of HCR ManorCare provides us the platform to think differently about where healthcare services are delivered, particularly with respect to the aging of the population,” Mr. DeRosa said.

Toledo Blade

Matthew Finkle ’99

Related Cos. Closes on Acquisition of Aimco’s Affordable Housing Portfolio

“Related is proud of its nearly half-century commitment to affordable housing and building strong communities through public-private partnerships,” said Matthew Finkle, president of Related Affordable. “Related continues to be focused on financially and operationally supporting the long-term preservation of affordable housing portfolios at scale.”

Affordable Housing Finance


Related Cos. Closes on 7,000+ Affordable Units in 16 States

“The Aimco portfolio was an ideal fit with our four decades of experience in acquisition, rehabilitation and long-term preservation, and when we became aware that there was an opportunity to acquire these assets, we immediately jumped at the chance,” Matthew Finkle, president of Related Affordable, told MHN.

Multi-Housing News


Related Buys Nearly 8,000 Affordable Units Across the Country, LA Included

“We have preserved tens of thousands of affordable housing units across the country and have never converted a single unit to market rate—a legacy we plan to continue as we work with other property owners and managers, like Aimco, to provide long-term affordable housing options to the thousands of Americans who call our properties home,” Matthew Finkle, the president of Related’s affordable division, said in a statement.

Commercial Observer

Gideon Gil ’00

PCCP Provides $169M Refi For Hell’s Kitchen Luxury Multifamily Property

Cushman & Wakefield‘s Steve Kohn, Gideon Gil, Chris Moyer and Noble Carpenter III negotiated the financing, along with Adam Spies and Adam Doneger. “Given the quality of the asset and expertise of the sponsorship, we had a very positive response to this financing offering,” Gil told CO via email. “PCCP distinguished themselves by providing a senior stretch loan, flexibility that was custom to the business plan and a seamless execution.”

Commcercial Observer


PCCP Provides $168.5M Loan to Refinance Luxury Apartment Building in Manhattan

TSteve Kohn, Gideon Gil, Chris Moyer and Noble Carpenter III of Cushman & Wakefield arranged the loan. The property comprises two towers with 218 market-rate units and 62 affordable housing units. A courtyard garden and glass-enclosed walkway bridge connect the two towers. Floor plans include a mix of studios, one- and two-bedroom units.

RE Business Online

Amit Govin ’11

Historic Downtown Office Building to Receive $15M Renovation as Hotel

“It’s a storied building, and we like the location,” said Amit Govin, an Everwood principal. “It‘s just two blocks away from Monument Circle. And we think we can bring something that’s different to the city.”

Indianapolis Business Journal

Clelia Peters ’09

Propmodo Live Event Highlights the Benefit of Technology for the Property Industry

The morning opened with a Coffee Chat between Clelia Warburg Peters, co-founder of MetaProp and President of Warburg Realty and Sara Queen, Adjunct Assistant Professor of Leasing and Asset Management at Columbia University....Both women saw the technologies being adopted today as a net benefit to the profession rather than the replacement of it....Clelia explained how agents are no longer able to rely on their information arbitrage and instead have to focus on the things that add value like interpersonal skills and area expertise.

Propmodo


3 PropTech Investor Talk Trends, Game-Changers and the Future of Real Estate

As Clelia Peters, co-founder of MetaProp, put it “Overall, we are actually in this period of really significant disruption in the real estate space, broadly and globally. Real estate is the largest driver of GDP globally, and it’s really is one of the few major sectors of this sort that had, up until this point, broadly been undisrupted by technology.”

Forbes


As Real Estate Tech Investments Rise, Here Are The Tools To Watch

According to Clelia Peters, one of the cofounders of VC MetaProp, LiveBy “is an exciting new company that is creating detailed neighborhood content for real estate agents to use with their clients to help them better understand where they are buying.”

Forbes

Robert Reffkin ’03

Reffkin Hints at How Much Compass Pays to Acquire Other Brokerages

When acquiring other brokerages, Compass pays between four and six times those firm’s annual pre-tax earnings, according to CEO and founder Robert Reffkin.

The Real Deal

Brett Rosenberg ’06

JLL Arranges $63M Loan for Acquisition of Office Campus in Downers Grove, Illinois

JLL has arranged a $63 million loan for the acquisition of Executive Towers West, a three-building office campus totaling 682,502 square feet in Downers Grove. Developed between 1983 and 1987, the buildings are located at 1431, 1411 and 1400 Opus Place, approximately 23 miles west of Chicago. Adam Schwartz, Brett Rosenberg and Patrick Heitmann of JLL arranged the loan on behalf of the borrower, Group RMC. Morgan Stanley provided the loan.

RE Business Online

David Simon ’85

U.S. Mall Owners Happy with Steady, “Boring” Results

“Demand from tenants for space in our highly productive centers is increasing,” David Simon, CEO of Simon Property Group, the largest U.S. mall owner, said on a call with analysts last week. “We continue to redevelop our irreplaceable real estate with new, exciting, dynamic ways to live, work, play, stay and shop that will further enhance the customer experience.”

Indianapolis Business Journal

Constantine Valhouli ’03

Do the Math: Buy a Parking Space or Start a Real Estate Empire?

“If you have $300,000 and are willing to part with it for a little bit of concrete, cool—you’ve got a parking spot,” or you could use the same money to launch a small rental portfolio. Constantine Valhouli of real estate market research firm, Neighborhood X, ran the numbers after a “car condo” opened near his Cobble Hill home charging about $300,000 per spot plus taxes and maintenance fees.

The Real Deal


Comparing Costs of NYC Beach Neighborhoods

Based on a study conducted for August 2018, NeighborhoodX found that several parts of the Hamptons, typically thought to be untouchable real estate, are more affordable than beach towns elsewhere in the New York City area. For example, the average asking price per square foot in Riverhead, on the North Fork of the Hamptons, is $267/sq.ft., which is more affordable than City Island in the Bronx, where the average asking price is $362/sq.ft. NeighborhoodX, who gathered the data in this study, is a real estate & data analytics firm whose data has been featured in The Real Deal, Wall Street Journal, Curbed, and several other real estate outlets, founded by Constantine Valhouli and advisor Jonathan Miller.

Unique Homes

Yulia Yaani ’08

RealAtom Raises $4M Seed for its Data-Powered Real Estate Lending Marketplace

Co-founder and CEO Yulia Yaani told CreTech that the whole idea was born from her experience at another lending startup she also founded. As a direct lender, she and her team had to spend countless hours sifting through hundreds of loan requests to find the few that fit their lending criteria. “That was our a-ha! moment,” says Yaani. “We spent a lot of time throwing away perfectly good loan requests just because they did not fit our lending criteria, but they could have been attractive to different lenders. We realized that the rest of the industry was likely experiencing the same inefficiencies and the whole process needed to be improved.”

CreTech

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