CHICAGO—Sean J. Conlon, chairman of Conlon & Co. and co-host of CNBC's “The Deed,”and Neil D. Freeman, chairman of Aries Capital, LLC said this week that they are merging Conlon & Co.'s Capital Markets Group and Aries Capital's Mortgage Banking Group to form Conlon Capital. The new full-service mortgage banking firm will remain under the umbrella of Conlon & Co.
It's just one of many consolidations that have transformed the real estate world since the end of the recession. Many more are certain to come, as these moves help firms expand into new lines and give their clients the possibility of getting all of their real estate services in one place.
“This is the combination of the expansive networks of all the parties involved,” Tom Reckley, the new chief operating officer of Conlon Capital, tells GlobeSt.com. “Currently, the two businesses focus on different asset classes. Bringing it all in-house will improve both efficiency and turnaround time.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
