COLUMBUS, OH—Greystone has just appointed Kelly Cush senior underwriter in its FHA group. Cush has more than 15 years of experience and has underwritten and closed more than $1 billion in HUD transactions. Company officials say she will serve a key role in handling Greystone's growing volume of healthcare FHA loans. “We continue to see strong demand for the new streamlined FHA client experience that Greystone pioneered this year,” says Nikhil Kanodia, chief operating officer of Greystone's FHA business. “Kelly's deep background in FHA underwriting, coupled with her passion for client service and process efficiency will be instrumental in making Greystone the easiest lender in the country to work with, and the easiest lender in the country to work for.”

CHICAGO—JLL recently appointed Matthew Gonterman as its new chief information officer, Americas. He will report to Greg O'Brien, chief executive officer, Americas, and David Johnson, global chief information officer, and partner with Eddy Wagoner, global chief information officer, Corporate Solutions. “Matt has more than 15 years of experience developing, implementing and operating information technology solutions,” says O'Brien, “and his expertise will ensure JLL continues to be a technology leader in our industry.” Gonterman joins JLL from SIRVA Inc., a global relocation services provider, where he was senior vice president and chief information officer. CIO. Prior to that, he held several information management and IT leadership positions during more than 10 years with GE.

DEALTRACKER

SPRINGFIELD, OH—Hunt Mortgage Group just provided a $7.4 million Freddie Mac loan facility to refinance a multifamily property in Springfield, OH. Located at 2880 Dwight Rd., Stone Crossing Apartments is a 142–unit garden-style apartment complex comprised of 15 residential buildings, a leasing office and maintenance shed. The borrower is JRM Springfield Holdings LLC, a DE limited liability company organized by Columbus, OH-based JRM Equities, Inc. and controlled by Jeffery M. Morris. The loan was sourced and placed by MSF Real Estate Capital, Inc., also based in Columbus. The new loan is a seven-year, variable rate loan.

MINNEAPOLIS—CBRE Capital Markets recently arranged the sale of Carlson Business Center I-VIII, a 560,378-square-foot office and warehouse portfolio in suburban Minnetonka and Plymouth, MN, to WPT Industrial REIT for $46.2 million. Ryan Watts, Judd Welliver, Sonja Dusil and Tom Holtz of CBRE's Minneapolis office arranged the sale on behalf of the seller, Carlson Real Estate Co. The sale closed on Nov. 18. The Twin Cities market has been especially strong, as investors seek to take advantage of a historically low vacancy rate and one of the nation's most vibrant regional economies. The eight buildings in this portfolio were originally constructed from 1995 to 1997 and the portfolio was 86.4% occupied at the time of sale.

BUILDING BLOCKS

SCHERERVILLE, IN—Ryan Companies US, Inc. has reached a milestone in the construction of Clarendale® of Schererville, a $40 million, 177-unit senior living community being developed in Northwest IN. It is now fully enclosed, and construction activity is now focused on the interiors of the community that will open in Spring 2017. This is the third Clarendale senior living community from developer-builder Ryan Cos. and its project partners, Life Care Servicesä, An LCS® Co., and Harrison Street Real Estate Capital. The three-story development will offer three hospitality-based lifestyle neighborhoods — independent living, assisted living and memory care — all under one roof. When completed, it will feature 85 independent living residences, 38 assisted living residences and 54 memory care residences.

BY THE NUMBERS

SPRINGFIELD, IL—A drop in the number of homes on the market and a typical seasonal slowdown helped drive IL home sales lower in October even as median home prices continued to post solid annual gains, according to Illinois REALTORS®. Statewide home sales in Oct. 2016 totaled 12,469 homes sold, down 5.4% from 13,186 in October 2015. But the statewide median price in October was $179,000, up 6.9% from October 2015 when the median price was $167,500. “While sales were softer in October on an annual basis, much of this can be attributed to a typical seasonal slowdown and the chronically low number of homes on the market.” said REALTORS® president Doug Carpenter, managing broker of Coldwell Banker Honig-Bell in Orland Hills.

NEWS & NOTABLES

COLUMBUS, OH—Greystone has just appointed Kelly Cush senior underwriter in its FHA group. Cush has more than 15 years of experience and has underwritten and closed more than $1 billion in HUD transactions. Company officials say she will serve a key role in handling Greystone's growing volume of healthcare FHA loans. “We continue to see strong demand for the new streamlined FHA client experience that Greystone pioneered this year,” says Nikhil Kanodia, chief operating officer of Greystone's FHA business. “Kelly's deep background in FHA underwriting, coupled with her passion for client service and process efficiency will be instrumental in making Greystone the easiest lender in the country to work with, and the easiest lender in the country to work for.”

CHICAGO—JLL recently appointed Matthew Gonterman as its new chief information officer, Americas. He will report to Greg O'Brien, chief executive officer, Americas, and David Johnson, global chief information officer, and partner with Eddy Wagoner, global chief information officer, Corporate Solutions. “Matt has more than 15 years of experience developing, implementing and operating information technology solutions,” says O'Brien, “and his expertise will ensure JLL continues to be a technology leader in our industry.” Gonterman joins JLL from SIRVA Inc., a global relocation services provider, where he was senior vice president and chief information officer. CIO. Prior to that, he held several information management and IT leadership positions during more than 10 years with GE.

DEALTRACKER

SPRINGFIELD, OH—Hunt Mortgage Group just provided a $7.4 million Freddie Mac loan facility to refinance a multifamily property in Springfield, OH. Located at 2880 Dwight Rd., Stone Crossing Apartments is a 142–unit garden-style apartment complex comprised of 15 residential buildings, a leasing office and maintenance shed. The borrower is JRM Springfield Holdings LLC, a DE limited liability company organized by Columbus, OH-based JRM Equities, Inc. and controlled by Jeffery M. Morris. The loan was sourced and placed by MSF Real Estate Capital, Inc., also based in Columbus. The new loan is a seven-year, variable rate loan.

MINNEAPOLIS—CBRE Capital Markets recently arranged the sale of Carlson Business Center I-VIII, a 560,378-square-foot office and warehouse portfolio in suburban Minnetonka and Plymouth, MN, to WPT Industrial REIT for $46.2 million. Ryan Watts, Judd Welliver, Sonja Dusil and Tom Holtz of CBRE's Minneapolis office arranged the sale on behalf of the seller, Carlson Real Estate Co. The sale closed on Nov. 18. The Twin Cities market has been especially strong, as investors seek to take advantage of a historically low vacancy rate and one of the nation's most vibrant regional economies. The eight buildings in this portfolio were originally constructed from 1995 to 1997 and the portfolio was 86.4% occupied at the time of sale.

BUILDING BLOCKS

SCHERERVILLE, IN—Ryan Companies US, Inc. has reached a milestone in the construction of Clarendale® of Schererville, a $40 million, 177-unit senior living community being developed in Northwest IN. It is now fully enclosed, and construction activity is now focused on the interiors of the community that will open in Spring 2017. This is the third Clarendale senior living community from developer-builder Ryan Cos. and its project partners, Life Care Servicesä, An LCS® Co., and Harrison Street Real Estate Capital. The three-story development will offer three hospitality-based lifestyle neighborhoods — independent living, assisted living and memory care — all under one roof. When completed, it will feature 85 independent living residences, 38 assisted living residences and 54 memory care residences.