News: Brokerage

Hudson Valley Property Group promotes Lee, Levy, Chang, Sudan, Sang, Talasazan and McKessey

Manhattan, NY Hudson Valley Property Group (HVPG) has promoted seven individuals across its various teams. The promoted team members include Jennifer Lee, Hayley Levy, James Chang, Craig Sudan, Russell Sang, Arielle Talasazan and Drew McKessey.

“Our firm is lucky to be comprised of so many talented individuals that share our common vision of delivering a better standard of living for Americans who rely on affordable housing in the U.S.,” said Jason Bordainick, managing partner and co-founder of HVPG. “Each of these individuals has made significant contributions to the firm and moved us closer to that vision. We are proud today to recognize them for everything they do.”

In HVPG’s asset management team, Jennifer Lee has been promoted to associate director. With 20+ years of real estate asset management experience across various asset classes, in her new role Lee will focus on financial and operational oversight of HVPG’s stabilized portfolio and will work closely with HVPG’s asset and portfolio managers as well as third party property management companies. She received her bachelor’s degree in economics from the Wharton School at University of Pennsylvania and her MBA from Haas School of Business at UC Berkely.

Hayley Levy, also within HVPG’s asset management team, has been promoted to senior asset manager. In her new role she will handle oversight of HVPG’s pre-stabilized assets, working on HVPG’s new projects starting at due diligence from the lens of asset management through transition into HVPG’s portfolio. She will work closely with HVPG’s asset and portfolio managers, HVPG acquisitions team as well as agency partners and third-party property companies. She received her bachelor’s degree from the University of Wisconsin-Madison.

In HVPG’s acquisitions team, Craig Sudan and James Chang have both been promoted to senior acquisitions manager. In this role, they will lead complex HVPG acquisitions, including tax credit projects, large portfolios transactions and will liaise with HVPG’s various internal teams. They will also work closely with the firm’s debt financing partners, equity co-investors, sellers, agency partners and local municipalities. Sudan received his bachelor’s degree from Cornell University and Chang received his bachelor’s degree in economics and master’s degree in international economics and finance from Brandeis University.

Within HVPG’s design and construction team, Arielle Talasazan and Russell Sang have both been promoted to senior assistant project manager. In this role, they will lead various components of HVPG renovation projects from initial physical diligence and vendor selection, through project planning and active construction. They will liaise general contractors, architects ,relocation specialists and onsite teams, and focus on executing a variety of sustainability and green improvement initiatives. Talasazan received her bachelor’s degree in civil engineering from Cooper Union while Sang received his bachelor’s in construction management from Drexel University.

In HVPG’s accounting and finance team, Drew McKessey has been promoted to assistant controller of development accounting and will oversee property-level development accounting and all property financial and tax reporting across HVPG’s portfolio. With 23+ years of development and construction accounting experience, he will work closely with the HVPG internal team as well as the firm’s lenders, tax credit investors, general contractors and external accounting and legal teams. He received his bachelor’s degree in finance from Florida State University.

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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