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.
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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.
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