Weekly People and Company News for July 14

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July 13, 2023

Meridian, a developer and investor specializing in healthcare and life science developments, has hired Michael Arvin as managing director, strategy & development. Arvin brings more than 25 years’ healthcare executive experience to Meridian and will provide strategic advisory to the executive leadership team and support growth initiatives for the Walnut Creek-based company nationwide.

The San Manuel Entertainment Authority named Kenji Hall the new general manager at Yaamava’ Resort & Casino at San Manuel. He succeeds Peter Arceo, who was selected as chief gaming officer for the San Manuel Band of Mission Indians in May. Hall will lead the strategic execution and performance of daily gaming and hospitality operations at the resort and casino in Highland, reportedly the largest on the West Coast.

Matthew VanEck, MAI has been elected president of the International Right of Way Association (IRWA) Orange County Chapter 67’s 2023-2024 Executive Board. He is an appraisal specialist and SVP at Kidder Mathews’ Orange County office. VanEck formally began his term as president on July 1. He also serves as one of the board’s two international directors and was formerly chair of the Public Agency Liaison Committee.

Redwood Credit Union has hired Brian Kreitzer as VP of mortgage lending. In his new role, Kreitzer is responsible for overseeing and leading all mortgage lending activities. With more than 30 years’ mortgage lending experience, Kreitzer has overseen teams engaged in mortgage sales, processing, underwriting and closing. Prior to joining Santa Rosa-based RCU, he held positions as VP in mortgage origination and servicing with Wells Fargo, Wachovia and World Savings and Loan.

William Duff Architects (WDA) expanded its market reach with the launch of its community practice, complementing its residential, commercial and hospitality practices. San Francisco-based WDA—with clients ranging from British Airways to Amy’s Kitchen—was recently awarded a major project by the San Francisco Public Utilities Commission.

Lincoln Avenue Capital, a mission-driven acquirer and developer of affordable housing, hosted a Family Resource Day event for residents of Sea Breeze Apartments in San Diego. The Family Resource Day featured representatives from local nonprofit organizations including SAY San Diego, Catholic Charities Diocese of San Diego, Family Health Centers of San Diego, County of San Diego Health and Human Services Agency, St. Paul’s PACE and YMCA of San Diego. These groups shared information with residents about youth programs, community development, affordable healthcare and other social services.

CREW San Diego, a membership organization dedicated to promoting, educating and supporting professionals in the field of commercial real estate, will hold its mid-year economic update on July 27. The panel will focus on challenges and opportunities in San Diego’s life science and technology real estate sector. Moderated by Ciara Contreras of Qualcomm, the panel will feature Alexandria Real Estate Equities’ Dan Ryan, UC San Diego’s Design Lab’s Mai Nguyen and JLL Capital Markets’ Lynn LaChappelle.

Irvine-based CoreLogic introduced an enhancement to the CoreLogic Discovery Platform. With the recent enhancement, the platform now offers pre-designed solutions that assist mortgage lenders with turning data into valuable insights. This update allows for faster decision-making and improved business outcomes.

Maintaining a streak dating back to the San Diego-based company’s early days more than 50 years ago, net lease REIT Realty Income Corporation declared its 637th consecutive common stock monthly dividend. The dividend amount of $0.2555 per share, representing an annualized amount of $3.066 per share, is payable to stockholders of record as of August 1.

ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, announced an agreement with Coterie Insurance, a partnership-focused managing general agent, leveraging data and technology to provide instant quoting and issuing of small business insurance policies. Coterie will use San Francisco-based ZestyAI’s property risk analytics platform, Z-PROPERTY, to provide risk insights for business insurance underwriting across the U.S.

Frontwave Arena, the new multi-purpose sports and entertainment venue in North San Diego County, selected Level 10 Construction to complete the construction of its 170,000-square-foot building with a capacity for 7,500 fans. With an expected opening in the summer of 2024, the arena is located adjacent to the SoCal Sports Complex in Oceanside’s El Corazon district.

Construction management firm Suffolk completed work on a new affordable housing project in downtown Los Angeles. Located on the corner of 6th and San Julian streets in the Skid Row neighborhood, 6th Street Place was developed by Mercy Housing California and designed by TCA Architects. The six-story, 70,000-square-foot building makes 94 permanently affordable housing studio units available for low-income households.

ExchangeRight, a provider of diversified real estate DST and REIT investments, said the ExchangeRight Essential Income REIT has converted to a 506(c) offering following its successful transition to a publicly reporting company as of June 26. The Essential Income REIT has maintained a track record of timely monthly distributions that have been fully covered by funds generated by operations from its portfolio of long-term net-leased properties. They’re backed primarily by national investment-grade companies operating in historically recession-resilient industries.

California Credit Union has received regulatory approval to expand its service area into two significant new Southern California counties. Headquartered in Glendale, the $4.5-billion credit union will now serve San Bernardino and Ventura Counties, and also has converted to a community-based charter in Los Angeles County.

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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