CPC names three new board members: Beal of Related, Tomson of Capital Bank and Wiener of Wells Fargo
The Community Preservation Corp. (CPC) has elected three new affordable housing career leaders to the CPC board:
* Bruce Beal, Jr. is president and general partner of Related Cos.
* Anders Tomson is president of Capital Bank, a division of Chemung Canal Trust Company.
* Alan Wiener is head of Wells Fargo Multifamily Capital.
"As we continue to strengthen CPC's future, we will need the input and guidance from valued experts to help us in the next phase of the organization. Anders, Bruce, and Alan will certainly be welcome voices to guide CPC in pursuing its mission of high-quality housing for all New Yorkers. The board is pleased to welcome these distinguished new members to our team," said Michael Hegarty, CPC board chairman.
"We are honored to welcome Anders, Bruce, and Alan to our board. As recognized leaders in New York real estate, their wide-ranging experience will provide CPC with unique perspective and enhance our efforts to strengthen the housing stock in communities throughout the state," said Rafael E. Cestero, President and CEO of The Community Preservation Corporation. "I am certain that their guidance and insight will be a tremendous asset to the board as CPC looks to the future."
St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking