McCormack Baron Salazar Names VP
Judith Jones Moran has been appointed vice president at McCormack Baron Salazar, where she will focus her attention on the firm’s development efforts in New Orleans and Pittsburgh.
She joins the firm from South Mississippi Housing and Development Corp. in Gulfport, Miss., where she served as president and CEO. She has also owned and managed Moran Consulting, providing technical assistance, grant writing, and housing development advisory services to private and nonprofit clients.
Moran also worked for more than 10 years at the Housing Authority of New Orleans, including seven years as COO for real estate planning and development.
Alliant Capital Appoints VP
Brian Blanchard has been appointed vice president of acquisitions/originations at Alliant Capital, a low-income housing tax credit (LIHTC) syndicator headquartered in Woodland Hills, Calif.
He will help build new and expand existing relationships with affordable housing developers in the western United States. He will identify and perform the initial underwriting on multifamily affordable housing investments. Additionally, he will work with developer partners to structure the transactions and negotiate the terms for investment of Alliant's equity capital. Those investment activities will be aligned with the needs of institutional investment partners, including banks and insurance companies.
Blanchard has nearly 25 years of investment-related experience, with more than six years of affordable housing experience on both the investment and originations side of LIHTC transactions. Prior to joining Alliant, he had been the business development officer for First Sterling Financial. Blanchard began his career in affordable housing as a wholesaler for WNC’s retail tax credit funds in 2009.
KeyBank Announces Moves with First Niagara Merger
KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp, has expanded its platform and leadership team following a merger with First Niagara Financial Group.
The expanded platform includes more than 50 new bankers, portfolio managers, and servicing officers from First Niagara across the country in KeyBank Real Estate Capital’s income property, community development lending, health-care, and servicing groups. The First Niagara team also brings a book of commercial real estate loan commitments in excess of $6 billion to Key.
New leadership from First Niagara joining Key in the income property (IPG) and community development lending (CDL) groups are as follows:
• Greg Gilroy, IPG regional executive, upstate New York and western Pennsylvania;
• Russ Gentner, IPG team leader, western New York and western Pennsylvania;
• Doug MacLean, IPG team leader, Boston/New Haven;
• Chris Terlizzi, IPG team leader, eastern Pennsylvania; and
• Craig Burton, CDL team leader, Northeast
CBRE Affordable Housing Names SVP
James Flinn has joined CBRE Affordable Housing as senior vice president.
Part of the group’s debt and structured finance team, he will be responsible for growing originations efforts for CBRE’s government-sponsored enterprises debt platform.
Flinn recently had been managing director of JLL’s affordable housing group, where he established their tax-exempt bond platform. Prior to JLL, he spent 17 years at Red Capital, where he was most recently a managing director.
CBRE Affordable Housing is a specialty group within CBRE Group that combines investment sales, debt and structured finance, and investment banking services for affordable housing clients.
CPC Opens Office in Buffalo, N.Y.
The Community Preservation Corp. (CPC) has opened a New York regional office in Buffalo, and Michael DeWitt has joined the company as senior vice president and regional director.
DeWitt will lead CPC’s efforts in western New York and work closely with local developers and community and government partners to further CPC’s mission of financing multifamily housing projects. The nonprofit has provided $259 million in financing for 151 multifamily housing developments in western New York, inclusive of $167.5 million that has helped to finance 89 developments in Buffalo.
DeWitt had been a first vice president and relationship manager at First Niagara Bank.
Dominium Adds to Team
Dominium, a leading owner, developer, and manager of apartment communities, announced several personnel moves. The firm is headquartered in Plymouth, Minn.
Christo Stavrou has become construction supervisor. Previous to his work with Dominium, he had been a project manager for Stonehouse Design. He then owned Christo Renovations and acted as a residential general contractor and remodeler in the Twin Cities for 13 years.
Mike Brempell has been named director of asset management. His responsibilities will include working with sales, refinances, and limited-partner buyouts. He has held several positions at Dominium, including leasing agent, asset analyst, and senior asset analyst.
Karen Froistad has been appointed human resources assistant.
MADGI Announces Hire
Allie Roberson has been named job captain at Montroy Andersen DeMarco (MADGI), a New York City architecture, design, and planning firm. The value of the firm’s ongoing multifamily and other commercial projects exceeds $500 million. Building Design & Construction ranks MADGI as the 88th largest architectural firm in the United States.
Prior to joining MADGI, Roberson worked in design capacities at The Office of Charles F. Bloszies, FAIA, in San Francisco and at 2 Point Perspective in Chicago.