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Citizens Bank announced that its Community Development Group has provided a $19 million loan to 2601 Poplar OZ, LLC, whose sponsor is Daniel Greenberg, for the acquisition and construction of a new mixed used project at 2601 Poplar St. in Philadelphia that will have 108 market-rate apartments and 11,000 square feet of commercial space.  Equity was provided by a partnership between Sage Real Estate Group and Jay Goldstein. The project will re-develop a vacant property.  Separately, Citizens also Read Story

Filed Under: Real Estate
August 06, 2020 @ 09:05 AM

Alvarez & Marsal (A&M) announced the hire of James Marceau as Managing Director in its Private Equity Performance Improvement Group, based in Boston. Marceau has joined the senior leadership team of A&M’s global Aerospace, Defense & Aviation practice with a focus on advising industry clients on complex value chain, financial performance improvement, innovation and growth, supply chain, manufacturing, digital technologies, advanced data analytics and bringing new capabilities to customers across Read Story

July 31, 2020 @ 08:14 AM

Truist Financial Corporation (NYSE: TFC) announced that its corporate and investment banking businesses, SunTrust Robinson Humphrey and BB&T Capital Markets, have integrated and are now doing business as Truist Securities."Truist Securities combines the strengths of both heritage firms to bring clients a greater range of capabilities and expertise to support their objectives," said John Gregg, Truist Securities chairman and chief executive officer. "Additionally, as part of Truist Financial Read Story

August 04, 2020 @ 09:05 AM

BHI, a full-service commercial bank, announced that it has appointed Jeff Lubatkin as Chief Credit Officer, overseeing the bank’s credit and credit analysis departments. Lubatkin has more than 25 years of commercial and corporate banking, credit risk management, and relationship management experience.“Jeff is a respected executive with an extensive commercial banking career and highly specialized knowledge in credit and risk management. He will greatly complement the exceptional capabilities of Read Story

August 03, 2020 @ 08:55 AM

Funds managed by Crestview Partners ("Crestview") announced an investment into Upwell Water LLC ("Upwell Water" or the "Company"), a San Francisco-based, water-focused specialty finance company. Upwell Water was founded to create one of the world's leading water finance companies.  The Company acquires and finances water assets to facilitate the deployment of needed water solutions that enable a sustainable water future, one of the core focus areas of the United Nations' Sustainable Development Read Story

Filed Under: Industry News
July 31, 2020 @ 08:25 AM

2020-08-10 20:37