Thursday, October 31, 2013

Marcus & Millichap Arranges Sale of Hardee’s Drive-Thru Restaurant in Spruce Pine, NC

Hardee's Drive-Thru Restaurant, 6187 Highway 19 East, Spruce Pine, NC

John E. (Jay) Brigel
SPRUCE PINE, NC – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Hardee's Drive-Thru Restaurant, a 2,732-square foot net-leased property located in Spruce Pine, NC, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,010,000.

James Allen Smith
John E. (Jay) Brigel, a senior associate in Marcus & Millichap’s Tampa office represented the seller, a private investor based in California.

 James Allen Smith, a vice president investments in Marcus & Millichap’s Charlotte Uptown office, served as broker of record in this transaction. 

Brandon Michaels
Brandon Michaels, a vice president investments, and Kyle Sterling, an associate both in the firm’s Encino office procured the buyer of the property, a California-based limited liability company.

Hardee's Drive-Thru Restaurant was built in 1984 and is located at 6187 Highway 19 East in Spruce Pine, NC. The property is situated on a 1.13-acre lot with frontage on busy US Highway 19 East, which is the major corridor linking the towns of Spruce Pine and Burnsville with Interstate 26.  

“I was able to create additional value and proceeds for my seller by reworking a short lease into a new, longer term with increases,” says Brigel.  “It was a win-win-win for seller, buyer and franchisee.”
For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700

Lori Kilberg of Hartman Simons to Serve as President of CREW Network in 2015


Lori Kilberg

ATLANTA, GA (Oct. 31, 2013) – Hartman Simons partner Lori Kilberg has been elected president-elect of the Commercial Real Estate Women (CREW) Network, the industry’s leading advocate for the advancement of women in commercial real estate.

The announcement was made at the 2013 CREW Network Convention & Marketplace, held in Dallas in October. Kilberg will become president of the organization in January 2015 and will serve a one-year term. In January 2014, she will begin her third year on CREW Network’s Board of Directors and will serve next year as president-elect.

 Judith Nitsch, a founding principal and chairman of Boston-based Nitsch Engineering Inc., will serve as president of the CREW Network in 2014.

 “This is a tremendous honor, and I’m very excited about the chance to lead an organization whose mission I deeply believe in and wholeheartedly support,” said Kilberg, who served as president of CREW’s Atlanta chapter in 2011.

Judith Nitsch

“I have been involved with CREW for more than a decade, and in that time I’ve seen it have a powerful effect on the careers of women throughout the commercial real estate industry. I look forward to continuing the organization’s important work.”

 “We are extremely proud of Lori’s election and her ongoing excellent work with CREW,” said Summey Orr, managing partner of Hartman Simons. “Lori brings a terrific combination of intelligence, experience and passion to her work here at Hartman Simons, and those traits will no doubt serve her and CREW well during her presidency.”

 Kilberg represents clients in the acquisition, development, leasing and sales of regional malls, outlet centers, power centers, lifestyle centers, mixed-use developments, warehouses and distribution facilities, multifamily communities and urban redevelopment projects. Her clients include institutional and development firms as well as national retailers and industrial companies.

Summey Orr
 Kilberg’s involvement with CREW began with the Atlanta chapter in 2002. She graduated from the 2004 CREW Atlanta Leadership Program and has served on the board of the Atlanta chapter. 

As an Atlanta chapter delegate in 2009, she chaired the Atlanta CREW Network Liaison Committee, for which she won the Impact Award in 2010. 

She was editor of the Sponsorship Playbook and has served on the Membership Education Committee during the last four years.

 Kilberg is a frequent lecturer on real estate law and diversity issues.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404.549.7150 – office
404.405.2354 – cell

Sale of independent living community in Middletown, NJ closed by HFF

Regal Pointe, 1800 Highway 35 South, Middletown, NJ

DALLAS, TX – HFF announced today that it has closed the sale of Regal Pointe, a 128-unit, independent living community in Middletown, New Jersey.

Ryan Maconachy
HFF marketed the property on behalf of Middletown Senior Housing LLC, which was a joint venture among affiliates of Equity Resource Investments, LLC of Cambridge, Massachusetts; Beacon Communities LLC of Boston, Massachusetts; and Lincoln Street Capital LLC of Rockland, Massachusetts.

 An affiliate of The Carlyle Group, based in Washington, D.C., purchased the property, which was offered free and clear of existing debt.  Equity for the investment will come from Carlyle Realty Partners VI L.P., a $2.25 billion U.S. real estate investment fund.

Regal Pointe, which has been renamed Arbor Terrace at Middletown, is located at 1800 Highway 35 South along Monmouth County’s main traffic artery. 

Situated on 6.24 acres, the property features studio and one-bedroom units and recently underwent extensive renovations including an overhaul of residential units, main common areas and the kitchen.  Resident services include three meals-per-day, housekeeping, transportation and on-site third-party home health care and physical/occupational therapy.

Chad Lavender
The Carlyle Group intends to convert a portion of the existing units to assisted living and memory care to provide the current and future residents with several levels of care.  The Arbor Company has been selected to operate the community going forward.

The HFF team representing the seller was led by managing director Ryan Maconachy and director Chad Lavender.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

HFF arranges financing for Lido Beach Resort in Sarasota, FL

Lido Beach Resort, 700 Ben Franklin Drive, Sarasota, FL

BOSTON, MA – HFF announced today that it has arranged financing for Lido Beach Resort, a 222-room beachfront hotel in Sarasota, Florida.

Dana Brome
               HFF worked exclusively on behalf of Ocean Properties, Ltd. to secure the seven-year, fixed-rate loan with Cornerstone Real Estate Advisers acting on behalf of an institutional investor.  Loan proceeds were used to refinance the existing loan.

               Lido Beach Resort is located at 700 Ben Franklin Drive, just north of Siesta Key in Sarasota.  Hotel amenities include two swimming pools, three poolside Jacuzzi’s, a beachside Tiki bar, fitness center and business center.

 In addition, Ocean Properties, Ltd. has planned a significant renovation of the rooms and commercial areas within the first 2.5 years of the loan term.  The extensive room renovation will include replacement of the kitchen appliances and cabinets as well as new soft goods.  The commercial area renovation will incorporate the lobby and pool/Tiki bar.

               The HFF team representing Ocean Properties, Ltd. was led by senior managing director Dana Brome.
  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

Greystone Bolsters Affordable Housing Lending Services with Proprietary Loan Program

New York –– Greystone, a leading national provider of multifamily and healthcare mortgage loans, today launched its Greystone Affordable Loan Program, which provides long-term, fixed, forward rate-lock financing for multifamily affordable housing properties.

The non-agency program complements Greystone’s existing Fannie Mae, Freddie Mac, and FHA lending platforms, providing borrowers with a comprehensive range of options for financing affordable housing developments, acquisitions and rehabilitations.

 The Greystone Affordable Loan Program offers 15- or 30-year term non-recourse mortgages for loans of minimum $1,000,000. Loan to value ratios can range from 80% to 85% for LIHTC properties. 

The availability of this fixed-rate financing structure enables borrowers to either obtain an early rate lock for long-term financing, where new construction and/or repairs can be completed during the forward rate lock period, or immediate funding for moderate rehab transactions, where repairs or renovations occur upon closing of the permanent mortgage. 

 “We’re seeing more demand from borrowers as the affordable housing market matures, but there are few competitive financing solutions available today,” said Jeff Englund, managing director and head of Greystone’s Affordable Housing group.

 “Greystone’s Affordable Loan Program fills a widening gap in the affordable housing lending sector, while at the same time, we continue to offer a full spectrum of lending options through our traditional GSE platforms to meet our borrowers’ financing needs.”

 Greystone, ranked as a top-10 Fannie Mae DUS lender by volume, top-5 Fannie Mae Multifamily Affordable Housing lender by volume and the number one FHA lender for 2012, offers a full range of long term, bridge, gap, Fannie Mae, Freddie Mac, FHA and CMBS lending solutions.

For a complete copy of the company’s news release, please contact:

Karen Marotta
212 896 9149

Jessica Kleinman/Josh Gerth
646 395 6300

Goddard Investment Group Acquires Overlook III Building in Vinings, GA

Overlook III, on Mount Wilkinson also known as Vinings Mountain, Vinings, GA

ATLANTA, GA – Goddard Investment Group, LLC, has acquired the 440,000-square-foot Overlook III building in Atlanta.

Robert C. Goddard III
 Situated atop the highest point inside Interstate 285, Overlook III offers skyline views from every floor. Located on Mount Wilkinson (also known as Vinings Mountain), the 21-story building’s 18 balconies and ample covered parking make Overlook III one of the top Class A office buildings in the Northwest Atlanta submarket.

 The acquisition was completed through the Goddard Value-Add Office Fund I, L.P.

 The building boasts proximity to sought-after housing in Vinings and Buckhead as well as an array of excellent restaurants and shopping within walking distance. Overlook III currently is 70 percent occupied by diverse local, regional and national tenants.

 “Like many people in Atlanta, I have always believed this is one of the highest quality buildings in the city,” said Robert C. Goddard, III, chairman and CEO of Goddard Investment Group.

“The design and prominent location of Overlook III make it unique. We are excited to improve this great asset and reintroduce it in the coming months with major improvements to the public spaces and amenities.”

 Building on Overlook III’s quality infrastructure, Goddard will begin a substantial renovation and repositioning program to re-establish the building as a contemporary, best-in-class asset. Plans call for improvements to the public areas, including the lobbies, elevators, water feature and landscaping.

 Goddard Value-Add Office Fund I, L.P. is a commingled, institutional fund sponsored by Goddard Investment Group, which was founded in 2000 and is headquartered in Atlanta with a regional office in Dallas. The company has acquired and managed more than 9 million square feet of commercial property and currently has investments in Atlanta, Dallas, Houston, Miami and Tampa.
For a complete copy of the company’s news release, please contact:

Rachel Tobin
(404) 724-2501

HFF closes sale of first property in a seven-asset Southeast & Mid-Atlantic multi-housing portfolio

The Apartments at Blakeney, Charlotte, NC

Jason Nettles
ATLANTA, GA – HFF announced today that it has closed the sale of The Apartments at Blakeney, a 295-unit multi-housing community in Charlotte, North Carolina. 

This is the first property to close in a seven-asset, Class A Southeast and Mid-Atlantic U.S. multi-housing portfolio that HFF marketed on behalf of the owner, Northwood Ravin and affiliates.  

Matthew Lawton
Associated Estates Realty Corporation purchased The Apartments at Blakeney.  Associated Estates expects to close on the balance of the portfolio in stages through fourth quarter 2014.

The HFF investment sales team representing the seller was led by senior managing director Jason Nettles and executive managing directors Matthew Lawton and Mark Gibson.

Mark Gibson
“High-quality, well-located assets are in short supply and portfolio transactions offer institutional investors the opportunity to acquire assets that would be difficult to assemble in one-off purchases,” said Nettles. 

John Kukral
“This was a very limited offering process, with a handful of very qualified buyers competing for some of the highest quality multi-housing assets in the Southeast and Mid-Atlantic.”

Northwood Ravin was formed by Northwood Investors LLC and Ravin Partners LLC.  Northwood Investors is a privately-held real estate investment advisor with more than $3 billion of assets under management. 

David Ravin
Northwood Investors was founded in 2006 by John Z. Kukral.  Ravin Partners was established in 2011 by David Ravin, the former president of the Residential Division of Crosland.  Northwood Ravin develops, constructs and manages award-winning luxury multifamily communities throughout the southeast.
For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF closes sale of grocery-anchored retail center in Loganville, GA

Loganville Crossing, 4753 Atlanta Highway (U.S. 78), Loganville, GA

Jim Hamilton
 ATLANTA, GA – HFF announced today that it has closed the sale of Loganville Crossing, a 120,819-square-foot grocery-anchored retail center in Loganville, Georgia.

                HFF marketed the property on behalf of the seller, Loganville Crossing Investment LLC & Downtown Square Capital, LLC.  American National Insurance Company, which was represented by Realm Realty Company, Inc., purchased the asset. 

Loganville Crossing is located at 4753 Atlanta Highway (U.S. 78) in Loganville, northeast of downtown Atlanta.  Built in 2008, the center is 98 percent leased and is anchored by Kroger.  Other tenants include Edible Arrangements, Great Clips, Marco’s Pizza, Quest Diagnostics and Shane’s Rib Shack.

Richard Reid
                The HFF team representing the seller was led by managing directors Jim Hamilton and Richard Reid and real estate analyst Mike Allison.

 For more information, visit

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |

HFF closes sale of multi-housing development site in Neptune, NJ

Rendering of Signature Place, 3360 Route 66, Neptune, NJ

 FLORHAM PARK, NJ - HFF announced today the sale of Signature Place, a 25.37-acre, fully-approved multi-housing development site in Neptune, New Jersey.

Kevin O'Hearn
HFF marketed the property on behalf of a partnership between Highview Homes and Chase Partners.  The property sold for an undisclosed amount free and clear of debt. 

The site is located at 3660 Route 66, south of Corporate Drive and west of Jumping Brook Road just off Exit 100 on the Garden State Parkway and in close proximity to the Jersey Shore Premium Outlets. 

Once completed, the development will include 272 luxury apartment units, 8,142 square feet of retail space and associated parking.  Current plans include community amenities such as a 3,792-square-foot clubhouse with fitness center, outdoor swimming pool, tot lots, rain garden, picnic area and two free-standing parking garages. 

Jose Cruz
The HFF investment sales team representing the seller was led by managing director Kevin O’Hearn along with senior managing director Jose Cruz and real estate analyst Marc Duval. 

According to O’Hearn, “HFF is pleased to have played a role in this transaction.  The buyer is getting a fully-approved, extremely well-located site that will be developed into one of the top Class A apartment communities is Monmouth County.”

Highview Homes and Chase Partners are leading real estate development companies with expertise in acquisition, planning, design and construction of multi-housing communities.  Each partner has experience in completing acquisitions and developments throughout New Jersey and the surrounding Tri-State area.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |

Wednesday, October 30, 2013

Charles Dunn Company Completes $1.75 Million Sale of 8-Unit Multifamily Property in Los Angeles

12757 Mitchell Avenue, Mar Vista enclave, Los Angeles, CA

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1.75 million sale of a fully occupied, eight-unit multifamily property located near the cross street of Venice Boulevard and Washington Place at 12757 Mitchell Ave. in the Mar Vista enclave of Los Angeles.

Michel Hibbert
Michel Hibbert of Charles Dunn Company represented the seller, a private individual from Los Angeles. The 1031 exchange buyer was Los Angeles-based Norman Green Trust who was represented by Manual Galvan of Chris Walker Realty. The transaction closed at a cap rate of 4.2 percent and $292 per square foot, a favorable price for a property built in 1957.

“This transaction was sold for one of the lowest cap rates in the area,” said Hibbert. “The buyer assumed an existing loan with an interest rate of 3.85 percent fixed for four years, then converting to a variable rate for the remaining 25 years. Mar Vista has had and will continue to have strong rental and appreciation growth in the future.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.

Lincoln Property Company Sees Potential; Continues Phoenix Industrial Push With Second Major West Valley Business Park

Add caption

                                        Aerial of planned 10 Lincoln Development, Phoenix, AZ

PHOENIX, AZ – Just two weeks after unveiling its plans to develop a major new business park in Goodyear, Ariz., Lincoln Property Company (LPC) has announced another new business park project, 10 Lincoln.

David Krumwiede
10 Lincoln will total more than 1 million square feet on 72 acres. The development consists of five buildings ranging in size from 500,000 square feet to 80,000 square feet, with anticipated uses of distribution, e-commerce, manufacturing assembly and retail.

Together with LPC’s just-announced Goodyear AirPark, the firm now offers approximately 340 acres of active West Valley industrial opportunities, with the potential to bring more than 5,000 new jobs to the Phoenix market.

“Phoenix’s West Valley submarkets are becoming increasingly well known as convenient, cost effective sites for some of the nation’s largest distribution and e-commerce firms,” said Lincoln Property Company’s Executive Vice President, David Krumwiede.

“We expect this demand to only continue, and will approach these new business parks accordingly. Ultimately, we see both as multi-year projects—ones that will allow us to offer local and national clients with the best shovel-ready land in the Southwest.”

Marc Hertzberg
10 Lincoln is located at 83rd Avenue in Phoenix, directly fronted by Interstate 10 to the north and bordered by Van Buren Street to the south.

The project is Foreign Trade Zone capable, offering the potential for a 75 percent reduction in real and personal (equipment) property tax. Immediate corporate neighbors include Amazon, PetSmart, Cardinal Health, Target, Bose, Home Depot, Costco, Living Spaces and Sysco.

 Butler Design group has provided the project site plans. The site sits at a full diamond interchange.

“This is one of the West Valley’s last close-in, still undeveloped industrial parcels,” said Jones Lang LaSalle Managing Director Marc Hertzberg, who along with Jones Lang LaSalle Managing Director Anthony J. Lydon serve as the exclusive marketing coordinators for the project.

 “It is surrounded by established commercial and residential development, giving incoming companies a built-in employment and amenities base, and allowing 10 Lincoln to immediately begin serving and employing those who live and work nearby.”

Anthony J. Lydon
The announcement of 10 Lincoln falls just two weeks after plans were unveiled for Goodyear AirPark, a 267-acre business park located just south of the southwest corner of Litchfield Road and the newly widened Highway 85, and directly south of the Goodyear Airport.

LPC is the exclusive developer for the project, which is a joint venture with Carefree Partners Investments.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195

Inching Along: Minor Improvement for Retail in the Third Quarter


 ATLANTA, GA – Going into the fourth quarter, the recovering retail market can be described by one word: tepid. Fundamentals are slowing improving, but no drastic changes in vacancy or rent occurred during the third quarter.

Michael Bull
Those were a few of the points made during the most recent episode of the “Commercial Real Estate Show” radio program, hosted by Michael Bull of Bull Realty. Bull and his guests discussed vacancy, tenants and the investment market.

 The total retail vacancy rate for the United States is currently 9.3 percent, said Jesse Tron, communications manager at the International Council of Shopping Centers (ICSC). “Community and neighborhood shopping centers are experiencing the highest vacancy rates,” he said.

Ron Wheeler

The national vacancy rates for community centers and neighborhood centers are 11.3 percent and 9.4 percent, respectively, Tron said. Comparatively, the vacancy rate for power centers is only 5.7 percent. “Retail has rebounded quite nicely from the recession, when total vacancy peaked at 11 percent,” he added.

 Discount retailers, medical users and fast-casual restaurants are the most active tenants when it comes to looking for retail space, said Ron Wheeler, CEO of Sembler. “We have probably leased more dollar stores during the past few years than in the history of our company,” he said.

Jack Halpern
As vacancy continues to decline, tenants are getting more creative with and flexible about the location and configuration of their space, said Jack Halpern, chairman of Halpern Enterprises. “For tenants that are interested in infill space, those locations often require a different format than what they are used to in the past,” he added.

 Though retail is experiencing slow and steady improvement, investors are still only looking at high-quality retail properties, guests said. “Generally speaking, it’s not a favored property type at the moment,” said Ryan Severino, senior economist at Reis. “Volumes have been lower than office and apartments because of the slow recovery in vacancy and rent.”

Ryan Severino
The entire episode on the U.S. retail market is available for download at The next “Commercial Real Estate Show” will be available on Oct. 31 and will examine the multifamily market.

 For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group

Trick or Treat? ZipRealty Names the 15 Best Places for Halloween Treats


EMERYVILLE, CA /PRNewswire/ -- ZipRealty, Inc. ( (NASDAQ: ZIPR), the nation's most prominent online technology-powered residential real estate brokerage firm and real estate marketing solutions provider, has released a list of the 15 best zip codes nationwide for trick-or-treating this Halloween season.

Jamie Wilson
"Selecting the top cities for trick-or-treating is a great place for families to start, but cities are massive areas with several distinct and dynamic neighborhoods," said Jamie Wilson, SVP of Technology for ZipRealty.

"So we've fine-tuned our list to uncover the best neighborhoods for trick-or-treating based on a much more micro level, using zip-code specific housing data.

Since ZipRealty has an abundance of data to help buyers find their dream homes all year round, we wanted to use this data to help kids find an abundance of dream candy this Halloween season!"

The 15 Best Zip Codes for Trick-or-Treating are:

 Zip Code


 Wellesley: Wellesley Hills


San Jose, Calif.
 Los Gatos, Monte Sereno

New York City
 Westchester County: Rye

 Spring Branch East, Spring Valley Village, Hilshire Village

Washington, DC
 Arlington: Westover Village, Highland Park,

Overlee Knolls

San Francisco
 West of Twin Peaks 

St. Petersburg, Fla.
 Historic Old Northeast, Greater Woodlawn, Allendale Park/Five Points

Los Angeles

Los Angeles

 Edina: Golf Terrace Heights, Country Club, Concord, White Oaks, Sunnyslope and Minnehaha Woods

 Western Springs

 Granite Bay


For a complete copy of the company’s news release, please contact:

Stacey Corso

KeyBank’s E. J. Burke Sworn in 2014 MBA Chairman

E.J. Burke
Washington DC -- E. J. Burke, Executive Vice President and Group Head, KeyBank Real Estate Capital and Corporate Banking Services, was sworn in as Chairman of the Mortgage Bankers Association (MBA) during the association’s 100th Annual Convention & Expo in Washington, DC.

Mr. Burke recently served as Chairman of MBA's Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) and is a member of the association’s Board of Directors. He serves as Chair of the COMBOG Risk Retention Task Force and is a former Chair of the COMBOG Investor Council.


---The Mortgage Bankers Political Action Committee (MORPAC) awarded Julie Piepho CMB, President - National Operations of Cornerstone Home Lending, with the 2013 Schumacher-Bolduc Award at the association’s 100th Annual Convention and Expo held in Washington, DC.  The award was given to Piepho in recognition of her dedication and prominent service to MORPAC and the mortgage lending industry.

Julie Piepho
---Bill Cosgrove, CMB, President and CEO of Union Home Mortgage Co. of Strongsville, OH,  was was sworn in as Chairman-Elect of the Mortgage Bankers Association (MBA) during the association’s 100th Annual Convention & Expo in Washington, DC.

---MBA Education, the Mortgage Bankers Association’s educational initiative, presented E. Michael Rosser, CMB, with its inaugural MBA Education Lifetime Achievement Award, which will be named after Mr. Rosser when it is presented to future winners. Mr. Rosser received the award in a ceremony held at MBA's 100th Annual Convention & Expo in Washington, D.C.

---Bill Emerson, Chief Executive Officer of Quicken Loans, Inc., today was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the Association’s 100th Annual Convention & Expo in Washington, DC.

Bill Emerson

---The Mortgage Bankers Association (MBA) awarded J. David Motley, CMB, with its Andrew D. Woodward Distinguished Service Award. The award is presented in recognition of dedication and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. Mr. Motley was presented the award in a ceremony held at MBA's 100th Annual Convention & Expo in Washington, DC.

---The Mortgage Bankers Association (MBA) announced J. David Motley, CMB, President of Colonial National Mortgage, a division of Colonial Savings, F.A. in Fort Worth, TX as Chairman of its 2014 Residential Board of Governors (RESBOG) and Michael S. Malloy, Deputy General Counsel & Mortgage Policy and Counterparty Relations Executive of Bank of America Home Loans in Calabasas, California as the Vice-Chairman of RESBOG, at the association’s 100h Annual Convention & Expo.

---Jamie Korus, CMB, President and Principal of Alliance Financial Resources, LLC, was awarded the “MBA Opens Doors Foundation Community Champion Award” by the Mortgage Bankers Association (MBA). This award recognizes an individual who has dedicated significant time and effort to advance the foundation’s mission to enable families with a critically ill or injured child to keep their home, even in the face of significant medical bills.

Jamie Korus
---The Mortgage Bankers Association (MBA) announced that it expects to see $1.2 trillion in mortgage originations during 2014, a 32 percent decline from 2013.  While MBA expects purchase originations to increase 9 percent, it expects refinance originations to fall 57 percent.

---The Mortgage Bankers Association (MBA) today announced the election of Rodrigo Lopez, CMB, President and Chief Executive Officer of AmeriSphere Multifamily Finance, L.L.C. as the new Chair of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) at the association’s 100th Annual Convention & Expo in Washington, DC.  R. Paige Hood, Managing Director of Prudential Mortgage Capital Company and Robert M. Stout, CRI, President and Chief Executive Officer of Q10 Capital, LLC will serve as Vice Chairs.

---The Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) released a new report entitled “Mortgage Banking in the United States, 1870-1940” authored by Professor Ken Snowden of the University of North Carolina – Greensboro.

Prof. Ken Snowden
---The Mortgage Bankers Association (MBA) swore in its Board of Directors for the 2014 membership year at MBA's 100th Annual Convention & Expo in Washington, DC. The Board of Directors will be chaired by E.J. Burke, Executive Vice President and Group Head of KeyBank Real Estate Capital, a nationwide commercial real estate lender and servicer headquartered in Cleveland, Ohio.

The new members of MBA's Board of Directors are:

Rick Aneshansel, U.S. Bank Home Mortgage
Barrett Burns, VantageScore Solutions, LLC
C. William Griffin, Lender Processing Services, Inc
Jerome Lienhard, SunTrust Mortgage, Inc
Anand Nallathambi, CoreLogic, Inc
Kevin Watters, JPMorgan Chase

Members remaining on the Board of Directors are:

Debra W. Still
Debra W. Still, CMB, Pulte Mortgage LLC, Immediate Past Chairman
E.J. Burke, KeyBank Real Estate Capital
William Cosgrove, CMB, Union Home Mortgage Co., Chairman-Elect
William C. Emerson, Quicken Home Loans, Detroit, Michigan, Vice Chairman
Brian F. Stoffers, CBRE Capital Markets
Hugh Frater, Berkadia Commercial Mortgage, LLC
Chris George, CMG Financial
Michael J. Heid, Wells Fargo Home Mortgage
R. Paige Hood, Prudential Mortgage Capital Company
Brian Lancaster, Stern School of Business, New York University
Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance, LLC
Michael S. Malloy, Bank of America
William J. McCue, McCue Mortgage Company
J. David Motley, CMB, Colonial Savings, F.A.
Kurt Pfotenhauer, First American Title Insurance Company
Julie Piepho, CMB, Cornerstone Home Lending Inc.
Robert Stout, Q10 Capital, LLC
David H. Stevens, Mortgage Bankers Association (ex-officio member)
William M. Walker, Walker & Dunlop, LLC

---The Mortgage Bankers Association (MBA) today recognized 33 mortgage professionals in a graduation ceremony for MBA’s Future Leaders Program held at MBA's 100th Annual Convention & Expo in Washington, DC.

Peter Ansari, Vice President-Cash Management, RoundPoint Mortgage Servicing Corporation
Christine Benson, Vice President, Mortgage Loans, Arvest Mortgage Company
Christopher Benson, Vice President-Controller, Starkey Mortgage, LLP
Don Blea, VP-IT Info Structure, Information Security & Support, Pulte Mortgage LLC
Rhiannon Bolen, Regional Account Manager, Radian Guaranty Inc.
David Bridges, Senior Loan Officer, Lender Service Provider, LLC
Ashley Crosslin, VP Warehouse Lending Group, ViewPoint Bank
Scott Crutcher, Regional Manager, Cobalt Mortgage, Inc.
Amber Elwell, Vice President, Guild Mortgage Company
Greg Geenen, Mortgage Banker, Citywide Home Loans/CHL Mortgage
AJ George, Operations Manager, CMG Financial
Jim Glennon, Analyst, Secondary Interactive, LLC

Stacie Hawkins, Director of Client Relations & Communication, Clarifire
Marc Hernandez, V-Regional Sales Manager, FirstMerit Mortgage
Joshua Kotin, Attorney, BuckleySandler, LLP
Carlos Mancero, Vice President-REO Analytics, Wells Fargo Home Mortgage
Tracy Maynard Cole, Production Branch Operations Manager, Colonial National Mortgage
Cari McCue, Chief Operating Officer, Guardian Mortgage Co., Inc.
Marcus McCue, EVP & CMO, Guardian Mortgage Co., Inc.
Ginger Moore, AVP, Compliance Officer, PrimeLending,
Stetson Nunes, Consultant, Treliant Risk Advisors, LLC
Nick Pabarcus, Correspondent Lending-Western, Stearns Lending, Inc.
Eddy Perez, President, Equity Loans LLC
Daniel Richards, Vice President-Marketing, Republic Mortgage Home Loans, LLC
Lisa Rogers, SVP/Operations Quality Assurance & Compliance, First Continental Mortgage, Ltd.

Kathleen Sanchez
Sandra Rowe, Mortgage Division Manager, VP, U.S. Bank Home Mortgage
Kat Sanchez, Director, Treliant Risk Advisors, LLC
Jason Sheppard, AVP Servicing Manager, Starkey Mortgage, LLP
Ross Steckelberg, Vice President of Production, Alliance Financial Resources, LLC
Bill Stock, Sr. Vice President, U.S. Bank Home Mortgage
Richard Weller, Product Manager, Genworth Mortgage Insurance
Joe Wilson, Strategic Account Executive, Ellie Mae, Inc.
Armando Zamora, Senior Business Controls Advisor, USAA Federal Savings Bank

 ---MBA Education, the award-winning education division of the Mortgage Bankers Association (MBA), recognized the 18 individuals who earned the Certified Mortgage Banker (CMB) designation at a ceremony held at MBA’s 100th Annual Convention & Expo in Washington, DC. Earning one’s CMB is the highest professional honor within the real estate finance industry.

Commercial CMB Designees:

Eric K. Ruch, CMB, Business Loan Officer, Coastal Federal Credit Union, Raleigh, NC

Residential CMB Designees:

Heather Bullard, CMB, AMP, Assistant VP & Client Services Consultant, Wells Fargo Bank, N.A., Denver, NC
Owen M. Edwards, CMB, AMP, Vice President, Midland Mortgage Corporation, Columbia, SC
Jeffrey B. Flory, CMB, AMP, Regional Sales Director, Interthinx, Agoura Hills, CA
Thomas C. Gillis, CMB, AMP, Regional Manager, PennyMac, Calabasas, CA
Kevin C. Pezzani, CMB, President/CEO-Elect, LSI Mortgage Plus, Johns Creek, GA
Steve Shoemaker, CMB, AMP, Vice President, Synovus Mortgage Corp., Birmingham, AL
Kim Starley, CMB, Chief Marketing Officer, LenderLive Network, Inc., Denver, CO
Thomas T. Tallent, CMB, AMP, Senior Vice President, Southwest Bank, Dallas, TX
Arun Tripathi, CMB, Director, USAA Federal Savings Bank, San Antonio, TX
Cathy S. Turner, CMB, Solution Executive , IBM, Charlotte, NC

CMB Designees from the Executive Certified Mortgage Banker program:

Mary F. Rzucidlo
Kenneth J. Block, CMB, Director and Senior Counsel, Discover Home Loans, Irvine, CA
John A. Cosculluela, CMB, President, American BancShares Mortgage LLC, Miami Lakes, FL
Paul A. Gawin, CMB, Director - New Business Development, Radian Guaranty Inc., Cincinnati, OH
Steve W. Hops, CMB, Senior Vice President, Guild Mortgage Company, San Diego, CA
Penny Reed, CMB, Vice President, Wells Fargo Home Mortgage, Saint Louis Park, MN
Mary F. Rzucidlo, CMB, Senior Vice President of Component Services, LenderLive Network, Inc., Glendale, CO
Mark A. Teteris, CMB, Executive Vice President – MN Division, Nations Reliable Lending, Edina, MN

For a complete copy of the company’s news release, please contact:

Rob Van Raaphorst
(202) 557-2799 

Shawn Ryan
(202) 557-2727