Commercial mortgage and real estate investment company Aries Conlon Capital has rebranded to Mag Mile Capital, according to chief executive officer and principal Rushi Shah. The firm will also relocate its Chicago headquarter offices to the Willis Tower, while maintaining its presence in the New York, Texas and the Southeast markets.
Shah will continue as principal and CEO of Mag Mile Capital and retain the same sales team, pipeline and national commercial mortgage and investment banking platform moving forward. Neil Freeman and Sean Conlon will remain with their original organizations, Aries Capital, LLC and Conlon and Co., respectively, and will have no ownership interest in Mag Mile Capital.
“The rebrand to Mag Mile Capital and leadership structure transition will enable us to concentrate on the firm’s core commercial mortgage and investment banking services, while also exploring technology and process advancements that will increase efficiency and results for our customers,” said Shah. “As we move the company forward, we will continue to build upon the 27-year foundation we have developed as a team in the industry.”
Chicago’s Magnificent Mile on North Michigan Avenue, or Mag Mile, is internationally known as the vibrant hub of world-class shopping and restaurants and home to many of the nation’s most notable landmark buildings. “We chose the name because it also reflects our firm’s international client base, deep Chicago roots, dedication to delivering best-in-class financing for Class A commercial, hospitality and multifamily properties and our high-touch, boutique service,” Shah said. “In similar fashion to this famous avenue, we are a one-stop destination for our clients for all of their commercial real estate financing needs.”
Recently hired Wall Street investment banker Robert Bernstein will continue as head of capital markets and placements based in New York. “The culture here has always been entrepreneurial and we will continue to be able to leverage the resources and capabilities of a large organization, while also remaining nimble and efficient as we deliver the personal and specialized attention that clients can only get from a boutique company,” said Bernstein.
“We are a dynamic team and we will continue to expand our national platform and capabilities drawing from our resources, experience and extensive networks,” said Francisco Nacorda, senior vice president for the firm based in Orlando.