News: Brokerage

Gemini R.E. promotes Sullivan to director

According to Will Obeid, president and CEO of Gemini Real Estate Advisors, LLC, Michael Sullivan has been promoted to director. He will oversee the existing portfolio of eight hotels owned by Gemini, and will determine growth opportunities within the U.S. and abroad for the company's hospitality group.   Prior to joining Gemini, he was a senior executive at Starhotels International, an Italy-based hotel owner/operator. Previously, he was the VP of asset management for Sunstone Hotel Investors. Prior to Sunstone, he was a VP at Colony Capital. He previously managed the internal audit department for ITT Sheraton and started his career with Price Waterhouse after earning his B.S. in Accounting from Boston College. Obeid said, "We are very fortunate to have Mike on our team.  He's an industry veteran and a leader with a considerable amount of hands-on operating experience. Mike also possesses a keen sense of valuing an asset based on current market conditions and our forecast for the future."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.