LOS ANGELES-Charlotte, SC-based Grandbridge Real Estate Capital LLC, a wholly-owned subsidiary of BB&T Corp. recently revealed that it had reached an agreement to acquire Dwyer-Curlett & Co., a leading commercial real estate finance firm with three offices in southern California.
The transaction is subject to investor approval and is expected to close Nov. 30, 2012. “This purchase continues our geographic expansion into the attractive California market and fully anchors our national footprint on the West Coast,” says Grandbridge CEO Thomas S. Dennard, in a prepared statement. “Dwyer-Curlett’s delivery network – when combined with our enhanced access to capital, investment partners and BB&T’s financial strength – will enable us to span financial boundaries and better connect clients with capital solutions nationwide.”
Shelley Magoffin, president and CEO of Dwyer-Curlett, points out that it is an excellent growth opportunity for the firm. “We believe that an expanded delivery system and greater access to capital markets and proprietary lending services will greatly benefit our clients.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
