DEAL TRACKER

BETHESDA, MD–Walker & Dunlop has completed its previously announced acquisition of George Elkins Mortgage Banking Co., an independent mortgage broker company. The acquisition adds three new offices in California, with 14 commercial real estate originators joining the W&D's Capital Markets group. As part of the transaction, approximately $1.2 billion in life insurance company servicing was added to Walker & Dunlop's $60 billion servicing portfolio.

TYSONS, VA–Old Dominion National Bank is opening a new office in Tysons and adding five community bankers to its senior management team. The move places Old Dominion's senior management team in the heart of Northern Virginia, a market, the bull's eye for the bank's organic growth strategy. The bank will also soon open a new full-service branch office in Tysons Corner, subject to regulatory approval. Old Dominion's new Executive Vice Presidents are Kevin Albrigo, John Hunter, Pamela McCarthy and Jack Infield, while commercial banker Anne Qu joins the bank as a Senior Vice President. Albrigo and Hunter will serve as the Bank's Chief Lending Officer and Chief Credit Officer, respectively, pending regulatory approval. McCarthy will serve in the newly created position of Regional President in the Capitol Region while Infield will lead Strategy for the bank.

BALTIMORE, MD–Ruppert Properties has acquired a seven-building industrial portfolio totaling 302,046 square feet in Meadows Industrial Park. The portfolio is located at 1705, 1708, 1713, 1716, 1717 & 1817-1821 Whitehead Rd. and 6601 Whitestone Rd. in the Woodlawn submarket. Jay Wellschlager, managing director of the Capital Markets Group for JLL, brokered the sale of the portfolio. The seven buildings are 90% leased to 21 tenants.

NEWS & NOTABLES

WASHINGTON, DC–George W. Haywood has been elected to Fannie Mae's Board of Directors. He has been appointed to the Compensation Committee and the Strategic Initiatives and Technology Committee. Haywood has been a self-employed private investor since 1998. Previously, from 1994 to 1998, he was the Director of Corporate and High Yield Bond Investments for Moore Capital Management, a hedge fund management firm. Prior to joining Moore Capital Management, from 1982 to 1994, Haywood worked at Lehman Brothers, initially as a corporate bond trader, then as a Managing Director, head of corporate bond trading, and then as Managing Director and proprietary trader.

BETHESDA, MD–Arthur Collins has been elected to RLJ Lodging Trust's Board of Trustees. His appointment became effective Nov. 21, 2016, increasing the size of the company's board from six to seven members. Collins is the managing partner of theGROUP, a government relations and public affairs consulting firm. Prior to this, Collins was the CEO of Public Private Partnership Inc.

WASHINGTON, DC–22 Capital Partners has selected FedBid as a technology partner for its 22 CityLink platform. 22 Capital Partners is planning to develop an IT ecosystem to support smart cities. One of its first projects is Gramercy District, the first ground-up smart city located in Loudoun County.

DEAL TRACKER

BETHESDA, MD–Walker & Dunlop has completed its previously announced acquisition of George Elkins Mortgage Banking Co., an independent mortgage broker company. The acquisition adds three new offices in California, with 14 commercial real estate originators joining the W&D's Capital Markets group. As part of the transaction, approximately $1.2 billion in life insurance company servicing was added to Walker & Dunlop's $60 billion servicing portfolio.

TYSONS, VA–Old Dominion National Bank is opening a new office in Tysons and adding five community bankers to its senior management team. The move places Old Dominion's senior management team in the heart of Northern Virginia, a market, the bull's eye for the bank's organic growth strategy. The bank will also soon open a new full-service branch office in Tysons Corner, subject to regulatory approval. Old Dominion's new Executive Vice Presidents are Kevin Albrigo, John Hunter, Pamela McCarthy and Jack Infield, while commercial banker Anne Qu joins the bank as a Senior Vice President. Albrigo and Hunter will serve as the Bank's Chief Lending Officer and Chief Credit Officer, respectively, pending regulatory approval. McCarthy will serve in the newly created position of Regional President in the Capitol Region while Infield will lead Strategy for the bank.

BALTIMORE, MD–Ruppert Properties has acquired a seven-building industrial portfolio totaling 302,046 square feet in Meadows Industrial Park. The portfolio is located at 1705, 1708, 1713, 1716, 1717 & 1817-1821 Whitehead Rd. and 6601 Whitestone Rd. in the Woodlawn submarket. Jay Wellschlager, managing director of the Capital Markets Group for JLL, brokered the sale of the portfolio. The seven buildings are 90% leased to 21 tenants.