Salk named CEO of commercial real estate group

DES PLAINES — CORFAC International said Jonathan Salk has been named its chief executive officer. Salk has previously served for nearly six years as the organization’s executive director.

Since joining CORFAC International in 2015, Salk has been responsible for day-to-day operations of the organization and has spearheaded initiatives that have resulted in ongoing growth. Thirty new offices have joined CORFAC since 2015, bringing the total to 75 offices globally.



Founded in 1989, CORFAC International is a global network of privately held commercial real estate firms with expertise in office, industrial and retail brokerage; tenant and landlord representation, investment sales, property management and corporate services.

Salk and staff have also been responsible for expanding the CORFAC sponsorship program, arranging industry alliances to benefit the CORFAC membership, and rolling out new education/networking initiatives to keep members connected during the ongoing COVID-19 pandemic, the organization said.

“From inception, Jonathan has been a consummate

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Apollo Commercial Real Estate Finance, Inc. (ARI) CEO Stuart Rothstein on Q3 2020 Results – Earnings Call Transcript

Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) Q3 2020 Results Conference Call October 27, 2020 10:30 AM ET

Company Participants

Stuart Rothstein – CEO

Jai Agarwal – CFO

Scott Weiner – Chief Investment Officer

Conference Call Participants

Doug Harter – Credit Suisse

Steve Delaney – JMP Securities

Jade Rahmani – KBW

Charlie Arestia – JPMorgan


I’d like to remind everyone that today’s call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc. and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our earnings press release. I’d also like to call to your attention to the customary safe harbor disclosures in our press release regarding forward-looking statements.

Today’s conference call and webcast may include forward-looking statements and projections, and we ask that you refer to our most

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Ex-Advanta CEO offers Philly-area estate for auction

Arbor Hill, the sweeping Fort Washington estate owned by the former chief executive of the now-bankrupt Advanta banking company, was put up for private auction Tuesday after an eight-year attempt to sell the property.


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Unlike 2012, when Arbor Hill’s owner, Dennis Alter, posted the almost 70-acre property for sale for $30 million, on Tuesday he auctioned a fraction of his home — 50 acres — for $12 million. It had been on the market for more than two and a half years.

The estate is listed on Concierge Auctions, a high-end real estate bidding platform that has counted Cher and Michael Jordan as its clients, and also been accused of using fake bidders to drive up prices. Concierge has denied the accusations.

“We’ve tried to sell the entire estate, but that’s not what we’re selling today at auction,” said Janet Rubino, the Long & Foster real estate agent

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Land Securities’ New CEO Sees a Future for London Offices

(Bloomberg) — Land Securities Group Plc, one of the U.K.’s biggest real estate investment trusts, signaled confidence in the future of London offices in a strategy set out by new Chief Executive Officer Mark Allan.

a large body of water with a city in the background: Skyscrapers stand in the City of London square mile financial district as the sun sets in London, U.K., on Monday, Sept. 14, 2020. Londoners are steadily increasing their use of public transport after schools reopened, freeing parents to go back to the workplace.

© Bloomberg
Skyscrapers stand in the City of London square mile financial district as the sun sets in London, U.K., on Monday, Sept. 14, 2020. Londoners are steadily increasing their use of public transport after schools reopened, freeing parents to go back to the workplace.

The company plans to sell non-core assets including its leisure properties and reinvest the proceeds in developing new offices and mixed-use projects, the company said in a statement Monday. Rental income from existing properties won’t be the key driver of earnings, he said.

“London remains one of the world’s gateway cities, and this portfolio represents a good source of liquidity over time, with clear potential to recycle capital out of

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How to target a real-estate market for investment from student housing CEO

  • The off-campus student housing sector has shown stability during the coronavirus pandemic.
  • But like any real estate investment, a variety of factors go into making the right choice, and one of the most important is location.
  • In an interview with Business Insider, David Adelman, the CEO of Campus Apartments, broke down how he sources out his next locations for investment. 
  • Visit Business Insider’s homepage for more stories.

During the current economic downturn, real estate has proved resilient.

One sector in particular that has shown stability is student housing. A survey by CBRE found that as of late June 2020, leasing velocity for the fall semester was down just 2.3% compared to the same time last year.  In fact, David Adelman, the CEO of Campus Apartments, told Business Insider that his business has been weathering the pandemic well. 

“All in all, we are a couple percentage points behind a normal year,

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