Industry News
National Asset Adds 3 to Its Senior Management Team
May 16, 2008

National Asset Direct today announced the addition of Ray Schalk, Melissa Dant and Jill Parker, all formerly of Accredited Home Lenders, to its senior management team.

Schalk joined the company's loan trading team from Accredited Home Lenders, where he sold loans and participated in the securitization of sub-prime and ALT-A loans for the Capital Markets Group. In his new role as a whole loan trader at National Asset, Schalk is responsible for all aspects of loan acquisitions, including maintaining communication with sellers at all levels to ensure smooth and successful transactions, monitoring trends surrounding credit and real estate markets, and managing assumptions of the firm's pricing model.

As National Asset’s general counsel, Dant is a member of the senior management team and responsible for all legal affairs of the entire company and its affiliates.

And Parker, the firm’s director of project management, is responsible for all National Asset's and iServe projects.

 
Recent Industry News Headlines
Kempner to Depart MBA, Courson to be Named New COO
July 23, 2008
Jonathan Kempner will be stepping down from his role as president and chief executive officer of the Mortgage Bankers Association on December 31.  Kempner joined the company in March 2001 to lead the firm through a turnaround in its operations. Under his leadership, the association doubled its revenues and operating reserve fund.
GPX Completes Capital Improvement Plan for Stillwell Apartment Portfolio
July 23, 2008
GPX Realty Partners L.P. completed a capital improvement program across its Stillwell Apartment portfolio, the company announced.
HUD Modernizes FHA with LIHTC Program
July 23, 2008
The U.S. Department of Housing and Urban Development y issued the Mortgagee Letter 2008-19, streamlining the processing of Federal Housing Administration multifamily insurance applications with Low Income Housing Tax Credits.
Perkins+Will Completes Dockside Green Residential Phase I
July 23, 2008
The completion of the highest-scoring LEED Platinum Certified building on record, Dockside Green Residential Phase I, located in Victoria, British Columbia, marks its fourth LEED Platinum Certified project and Perkins+Will’s 29th LEED Certified project.
Jones Lang LaSalle Elects Staubach to its Board of Directors
July 23, 2008
Jones Lang LaSalle Inc. said today that Roger Staubach has been elected as a member of its Board of Directors.
 

 

REal Talk with Adam Perrotta
July 23, 2008
By Adam Perrotta, News Writer --It appears as though the tide of opinion calling for government aid for the foreclosure crisis has impelled President Bush to drop his opposition to a $3.9 billion housing rescue bill. Whether Bush's reversal was...

Sterling JV Pays $38M for Tampa Apartments Despite Soft Market
July 23, 2008
By Scott Baltic, Contributing Editor -- Sterling American Property Inc., in a JV with The Collier Cos., has purchased the St. Croix Apartments, a 540-unit, gated, resort-style apartment community in Tampa, for just north of $38 million. The seller was...

Trio of Projects to Bring 1.7M SF to Suburban DC
July 23, 2008
By Barbra Murray, Contributing Editor -- The souring economy hasn't altogether dampened development activity. In the Washington, D.C., suburb of Arlington, Va., news has emerged about three new office and mixed-use projects that will bring a total of 1.7 million...

Westcore Sells Vienna Office for $39M
July 23, 2008
By Thomas Peretti, Contributing Correspondent -- Westcore Properties has announced the sale of a Class A Austrian office building. The 125,000-square-foot property sold for $39.2 million (24.5 million Euros) to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH. The six-story building...

Bush Drops Resistance to Housing Bill; House Expected to Vote Today
July 23, 2008
By Erika Schnitzer, Associate Editor, Multi-Housing News -- Despite his objections over a $3.9 billion provision that would assist communities devastated by foreclosures, President George W. Bush today dropped his opposition to housing rescue legislation. He was previously threatening to...

Top Brokers Do Deals in Bad Markets, Too
July 18, 2008
By Mike Myatt, Chief Strategy Officer N2growth --Many in the industry long for the frothy markets of 2005 when sellers experienced record low cap rates, buyers were aided by loose credit and a strong flow of funds from the capital...

Know Thy Customer
July 11, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --How well do you really know your customer? Let me put this as simply as I can. If you want to succeed in business you must be in touch with the demands of...

How to K.I.S.S Problems Goodbye
June 27, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

Does Appearance Matter?
June 20, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --So, do appearances really matter? They shouldn't, but the reality is that they most certainly do. As the old saying goes, "you only get one chance to make a first impression," and often...

Recognizing the Need for Change
June 13, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Since the title of today's column is "Recognizing the Need for Change," I'm going to switch things up a bit and ask you to answer a question posed by me. I first warned...