| At the Real Estate Insiders Network breakfast at Cafe Centro in the MetLife Building last week, we snapped C-III Capital Partners managing director Gary Newman, American Land principal Marc Lawrence, and his colleague Ruanna Sakols. Ruanna tells us she and Marc co-founded REIN (this is its second event) to give dealmakers a relaxed setting to gather and, well, get deals done. Marc and Gary worked together in the mid '90s, learning about distressed debt at a boutique law firm that concentrated onforeclosures (Fannie Mae and Freddie Mac were big clients). When we saw Marc later that night at another event, he told us several people had pegged him as a doppelganger that day, including for Kevin James and Ray Liotta. |
| Valley National Bank's Jeffrey Kraft (with Rosenberg & Estis'Richard Sussman and Pembrook Capital Management's Rob Hellman) tells us his Wayne, NJ-HQed firm is expanding its presence in NYC and Long Island. He says REIN's hot breakfast was a nice change from a week in Jersey with no heat or electricity—even his golden retriever pup Layla was cold! Rob says Pembrook is actively making bridge and mezz loans from its two funds.The continued lack of securitized lending is helping firms like his, but it can also do the kind of underwriting that’s necessary these days and close when it says it will—huge for relationship building. |
| And here's Neil A. Weinrib & Associates' Neil Weinrib, Curator LLC managing director Charles Fritschler, and James Chin & Associates'James Chin, who served as NYC Zoning Board's chairman of the Board of Standards and Appeals under both Rudy Giuliani and Mayor Mike. |
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