M id A tlantic Real Estate Journal — Financial Digest — December 23, 2022 - January 19, 2023 — 9A F inancial D igest
www.marej.com
UFFALO, NY — M&T Bank (M&T) has ap- pointed Sam Bluso Industry veteran brings over two decades of experience to newly created Institutional Real Estate Group M&T Bank names Sam Bluso as head of Institutional Real Estate B
Commercial Real Estate Capi- tal Markets team led by Matt Orrino , managing director, within the investment bank. Orrino joined the bank earlier this year to expand its Institu- tional CRE Capital Markets solutions for new and existing customer bases. “M&T has a proven track re- cord of delivering exceptional service and innovative solu- tions to its clients, and I look forward to building on that reputation in this new role,” said Bluso. “Along with the tal- ented team of professionals in this new group, we’re working to deliver lending and capital
markets solutions that match our clients’ business objectives and priorities.” Bluso has been responsible for balance sheet and capital market origination throughout his 25-year career. Prior to join- ing M&T Bank, he served as the Head of People’s United Bank’s REIT Corporate Finance and Banking team, where he was responsible for growing the bank’s REIT capital markets and balance sheet business. Previously, Bluso served as a managing director in the Debt Capital Markets group at Citi- zens Bank, where he supported the Bank’s REIT team in its
capital market origination. “Sam is a well-respected leader in the industry with a wealth of experience in real estate capital markets,” said Jeff Tengel , head of com- mercial specialty banking at M&T Bank. “His appointment as head of our new Institu- tional Real Estate Group un- derscores our commitment to providing best-in-class service and innovative solutions to our clients.” Bluso earned his MBA with a finance concentration from the Kent State University Graduate School of Business and his bachelor’s degree in
economics from Kent State. He also holds Series 24, Series 63, and Series 79 licenses. About M&T M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, provides banking prod- ucts and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-re- lated services are provided in select markets in the U.S. and abroad by M&T’s Wilmington Trust-affiliated companies and by M&T Bank. MAREJ
to lead the bank’s new Institution- al Real Es- tate Group focused on expanding M&T’s cor- porate real estate busi- ness. As head
Sam Bluso
of Institutional Real Estate for M&T, Bluso will rely on his 25 years in the real estate capital markets and institutional business to deliver lending and capital markets solutions to Real Estate Investment Trust (REIT) and Investment Real Estate Fund clients. The new Institutional Real Estate Group will focus on managing corporate and insti- tutional real estate relation- ships and will complement M&T’s existing Institutional Cronheim secures $11.5M for grocery anchored retail property BELLEVILLE, NJ — Cron- heim Mortgage arranged $11.5 million in permanent financing for a 70,450 s/f gro - cery-anchored shopping center located in Belleville. Allison Villamagna and Andrew Stewart secured the 12-year financing which amortizes over 25 years. The loan was placed with Farm Bureau Life Insurance Co., whom Cronheim represents as correspondent and servicer. The subject property is an- chored by ShopRite who oc- cupies 61,000± s/f. The subject underwent extensive renova- tions to bring in ShopRite after Pathmark vacated the center in 2010. This location is operated by Nutley Park ShopRite, Inc., who also operates the ShopRite in Nutley. The property has excellent visibility, with 840 feet of front- age, and great accessibility, with three points of ingress and egress along the north side of Washington Ave. There is ample surface parking as well as an underground parking lot with capacity for over 140 vehicles. The underground lot is monitored by surveillance cameras and is serviced by a shopping cart elevator which provides direct access to the interior of ShopRite. MAREJ
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