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The firm has hired Marty Festenstein and Surabhi Raman as senior managing directors and Tonya Williams as managing director in the workplace practice group, GlobeSt.com has learned exclusively.
According to the latest Fitch Ratings report, smaller CRE-concentrated banks are more susceptible to elevated losses from deteriorating credit in the CRE market.
The buyer of Glen Bell Way was familiar with the Irvine Spectrum in Orange County, CA, and realized the building offered a rare and unique opportunity to acquire a Class A asset with strong credit tenancy.