News: Brokerage

Signature Bank names 53rd private client banking team

Signature Bank, a New York-based full service commercial bank, recently named the appointment of its 53rd banking team. The team, headed by two group directors, will be based out of the bank's 261 Madison Ave. office in Midtown. Group directors and senior vice presidents, Paul Santamaria and Carl Gambino, both of whom join from North Fork Bank, will head the six-member team. Most recently, Gambino, with nearly 30 years of financial services experience, served as a senior vice president, district manager for North Fork Bank's Manhattan Region and was responsible for overseeing relationships with commercial and consumer clients throughout the city. Santamaria, also most recently served as a senior vice president, district manager, working closely with Gambino. Together, the two had management responsibility for over two thirds of North Fork's Manhattan market, inclusive of 31 locations. Santamaria, who's banking career spans more than 30 years, is credited with opening his former institution's first de novo branch in the borough. Joining Santamaria and Gambino are several key private client banking team members, including Paul Patella and Anthony DeLorenzo, both of whom were named associate group directors and vice presidents. Patella worked closely with Santamaria, managing two large branches on the Upper West Side of Manhattan. He brings 30 years of commercial banking experience to his new position, along with an expertise in servicing the needs of the commercial real estate sector and small to mid-sized privately held companies. DeLorenzo most recently served as vice president and branch manager for two locations within Gambino's region, where the two worked together for nearly five years. He brings a total of 12 years of experience in the financial services industry to his new role. Also, Martin Moran and José Tuarez were named senior client associates for the team. Moran was most recently assistant branch manager, working with DeLorenzo. He brings 25 years of financial industry experience to the team while Tuarez, also an assistant branch manager, worked directly with Patella and has garnered 20 years of banking-related experience.
MORE FROM Brokerage

SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account