Commercial real estate finance firm Greystone has named industry veteran Nicholas M. Gesue as Chief Operating Officer. Based in New York, Mr Gesue brings 25 years of platform-building experience to oversee the company's daily lending, servicing and asset management divisions. He joins following senior executive roles at NewPoint Real Estate Capital, ORIX Real Estate Capital and Lument Capital.
The Egyptian Kuwaiti Real Estate Development Company and Hassan Allam Holding subsidiary Grova West have partnered to build a mixed-use project in West Cairo. Spanning 295 acres in Sheikh Zayed City, the venture represents an investment expected to exceed EGP 250 billion. The development will feature a blend of residential apartments, villas, commercial spaces and medical facilities managed entirely by Grova West.
Warren Buffett's investment conglomerate Berkshire Hathaway has agreed an all-cash takeover of American housebuilder Taylor Morrison. The deal values the firm at an $8.5 billion enterprise value, offering shareholders a 24% premium. Taylor Morrison will delist from the New York Stock Exchange and become a private entity, though the current executive team will continue to run the business operations.
Swiss Finance & Property Group has chosen Broadridge Financial Solutions to overhaul its investment management operations with a full front-to-back SaaS platform, covering trading, risk, compliance and reporting.