News: Brokerage

Kenny named east region executive of CREB for Bank of America Merrill Lynch

Bank of America Merrill Lynch has named Steve Kenny as the east region executive for commercial real estate banking (CREB). Kenny succeeds Chris Thomas, who is retiring. Kenny manages teams that serve CREB clients in the eastern half of the U.S. He previously was the CREB executive for the New York and New Jersey markets. Kenny reports to Ron Curtis, head of CREB. "Steve's experience in the industry, his understanding of our strategy and his creativity in providing the right solutions have been instrumental in serving Bank of America Merrill Lynch's commercial real estate clients," Curtis said. "Steve is a proven leader with the expertise and innovation to help our company continue delivering for clients." CREB is part of global commercial banking and works closely with other businesses within Bank of America Merrill Lynch to provide a broad set of financial solutions to professional real estate developers, REITs and Opportunity Funds nationwide. Bank of America Merrill Lynch extended $41.3 billion in commercial real estate loans in 2013.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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,