News: Brokerage

Payne joins Marcus & Millichap Capital Corp.'s Manhattan office

Marcus & Millichap Capital Corp. (MMCC), one of the leading providers of commercial real estate financing and capital markets expertise, has hired Carolyn Payne, according to MMCC's eastern region vice president, John Wilcox. Payne will be responsible for sourcing, underwriting and obtaining financing for commercial real estate with a focus on hospitality business. "Carolyn has an exceptional background in commercial real estate financing," said Wilcox. "Her knowledge will be of great value to our clients." Prior to joining MMCC, Payne served as senior vice president of commercial real estate finance with HKS Capital Partners LLC. She began her career in site selection for the multi-national chain Burger King Corp. and then moved to asset management and liquidity financing for the national life and health insurance company John Alden Financial Corp. In this capacity, Payne was responsible for CRE financial analysis and due diligence leading to sale leaseback agreements, acquisitions, dispositions and leasing transactions. She later moved to commercial real estate brokerage with Cushman & Wakefield. There she increased her ability to analyze transactions to maximize returns on investments and understand the needs of her clients. Payne's education includes a Bachelor of Science degree and an M.B.A. from the University at Buffalo and Real Estate Program at New York University.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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,
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