Gail Kalinoski
Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor’s degree in journalism from Pace University.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.
Kimco Realty Appoints Flynn President
Conor C. Flynn has been named president of Kimco Realty Corp. in a move that sets the 11-year company veteran up to eventually take over the reins at the New Hyde Park, N.Y.-based retail REIT.
DLA Piper Survey: CRE Execs on Crowdfunding, Workspace and E-Commerce
Most top CRE executives don’t expect crowdfunding to be a significant source of commercial real estate investment for at least the next three to five years, according to DLA Piper’s latest survey of top commercial real estate officials, now underway.
Former San Antonio Mayor Castro Sworn in as HUD Secretary
Julián Castro’s tenure as mayor of San Antonio should help him in his new role as the 16th Secretary of the U.S. Department of Housing and Urban Development.
SL Green Trades 3 Manhattan Assets for $656M
SL Green Realty Corp. is disposing of three Manhattan assets in separate deals totaling $656 million that will generate $240 million in cash proceeds for New York City’s largest landlord.
Blackstone to Acquire Majority Stake in Service King Collision Repair Centers from Carlyle
Two years after its acquisition of Service King Collision Repair Centers helped drive growth of the firm into one of the nation’s largest independent chains of automobile body repair centers, The Carlyle Group has sold its majority stake to Blackstone.
CIT to Buy OneWest Bank for $3.4B
Calling it a “transformational transaction,” CIT Group Inc. chairman & CEO John Thain said the New York-based commercial lender would more than double in size if the planned $3.4 billion acquisition of Southern California’s OneWest Bank, N.A. is approved by federal regulators.
Formation, Safanad JV Buys Nursing Facilities Portfolio for $150M
Formation Capital and Safanad Ltd. have acquired a portfolio of 14 skilled nursing facilities in the mid-Atlantic region for approximately $150 million.
Sterling Bay Cos., J.P. Morgan Form Strategic Partnership
Sterling Bay Cos. has a new JV partner – J.P. Morgan Asset Management – as it continues developing several Chicago commercial projects, including the future home of Google and Harpo Studios.
Transwestern Awarded Leasing, Management of 2.2 MSF Office Complex in Detroit
Two months after the $177.5 million sale of the five-building, 2.2 million-square-foot Southfield Town Center in Michigan, Transwestern has been retained to lease and manage the trophy office property in the Detroit metro area.