Who's News - MANAGEMENT PERSONNEL

Real Estate Weekly, April 5, 2000

Kennedy Funding, a leading national direct private commercial lender, has named Kevin S. Clark (photo) director of Marketing. A well-known figure in the commercial mortgage lending industry, Clark brings extensive expertise to his new position at Kennedy Funding.

"We're pleased to have Kevin rejoin our company and assume the key role of marketing director," said Jeffrey Wolfer, president of Kennedy Funding. "Kevin's expertise and reputation in the industry will be key factors in spreading the word about our capabilities in serving the needs of a diverse range of commercial borrowers."

Clark, who has more than 15 years of experience in the lending industry and has been involved in more than a quarter of a billion dollars in "hard money" commercial mortgage loans, previously served as an executive officer with Kennedy Funding for a number of years and left briefly to work for a competitor. In addition to his hands-on lending experience, Clark is an author of a manual on Kennedy's specialized commercial mortgage lending programs. He is a frequent speaker on behalf of The National Association of Mortgage Brokers, Crittenden's "Meet the Lenders" conferences and the American Cash Flow Association's Cash Flow Expos.

In 1998, The National Association of Mortgage Brokers (NAMB) recognized Clark for his role in developing their commercial mortgage symposium designed to educate NAMB members interested in commercial mortgage lending.

"I returned to Kennedy to be able to work with a leader in the industry," said Clark. "Kennedy is in the forefront of commercial lending, and offers me the opportunity to participate in some of the industry's most innovative lending programs. There is tremendous growth potential here for developing programs to effectively meet the expanding needs of a broad range of commercial borrowers, not only domestically, but also internationally."

A New York City native, Clark attended Western New England College in Springfield, Mass., where be earned a Bachelor of Arts degree in Communications.

Ippolito will work closely with president John Ciardullo to develop the strategic plan for the firm's innovative architectural, interior design and structural engineering services targeted at real estate developers, corporations and government agencies in the tri-state area. "I am confident that with the addition of Ms. Ippolito to our team, the firm's 30-year well respected reputation will move forcefully into the new millennium," says Ciardullo.

Over the past six years, Ippolito played a key role in building the relationships that grew the office of Marvin H. Meltzer from a three-person firm to an organization of 30 employees. Her prior experience includes business development at a corporate interiors firm and position as regional marketing manager for Wang Laboratories, where she spearheaded the design of a world-class executive briefing center in NYC.

"I am truly excited about getting the word out about John Ciardullo Associates. They are a gem ready to shine. John Ciardullo Associates has the most impressive combination of design and technical talents that I have encountered over my ten years in the field," says Ippolito.

Jeffrey M. Levy (photo), president and COO of EMCOR Group, Inc., has been named chairman of the New York Building Congress, a coalition of contractors, architects, engineers, and labor that Includes more than 150,000 professionals and skilled workers employed in and around New York City. For over 78 years, this coalition has helped shape public policy with the goal of supporting and maintaining New York's economic improvement.

At EMCOR, Levy has been instrumental in helping to build the company into one of the largest providers of mechanical and electrical construction and facilities services in the world. With 1999 global revenues of nearly $2.9 billion., EMCOR maintains operations in over 80 locations throughout the U.S., Canada and U.K., including Forest Electric, Penguin Air Conditioning, Welsbach Electric and Heritage Air Systems in the New York area.

As chairman of the Building Congress, Levy's management and industry expertise will help shape the organization's agenda and continue its rich and distinguished history of leadership on behalf of key constituencies in design, construction and real estate.

"While many groups in our industry have their own organizations and specific issues of concern, the Building Congress is unique in that we are a force for collaboration and unity focusing on the broader issues that are of concern to all of us," Levy said.

"The building community is enjoying a renaissance. New York City's economy and competitive position have improved dramatically over the last five years and our industry has both contributed to and benefited from this recovery. Our most important mission now is to encourage policy makers and public officials to continue smart development and infrastructure investment - in short, 'building for growth' to ensure the long-term competitiveness of our region," he added.