Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

06/15/2018 Deal

Cushman & Wakefield Arranges Sale of 395 West Passaic Street

Cushman & Wakefield

Cushman & Wakefield has arranged the sale of 395 West Passaic Street, a four-story boutique office building totalling 107,969 square feet in Rochelle Park, N.J. Ramaa Management purchased the asset from Garrison Investment Group and Onyx Equities. Andrew Schwartz from the global commercial real estate services firm’s investment sales team in East Rutherford, N.J. led the assignment, with David Bernhaut, Andrew Merin, Gary Gabriel, Brian Whitmer, and Andrew MacDonald. They were assisted by David DeMatteis and Mark Zaziski from the leasing team. The Cushman & Wakefield team marketed the property in conjunction with Ten-X, an online transaction platform for commercial real estate, also leveraging Cushman & Wakefield’s proprietary investor database. This hybrid approach resulted in robust interest from experienced investors and office building owners throughout Northern New Jersey and New York.

Contact: Evelyn Weiss Francisco, 201-796-7788

06/13/2018 Company News

C.W. Driver Companies Completes $10M El Cajon Animal Shelter

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, today announced the completion of the new 14,291-square-foot El Cajon Animal Shelter in El Cajon, California. The single story, contemporary animal care facility is open to the public and will provide veterinary and pet adoption services to residents in El Cajon and La Mesa. Located at 1373 N. Marshall Avenue within walking distance of the former shelter, the animal care facility includes administrative offices, housing for animals, veterinary services for sick and injured animals, grooming, play and interaction areas, pet adoption services, an exercise area and more. The animal care shelter is the City of El Cajon’s first collaborative design-build project and was funded by Proposition O special revenues. The half-cent sales tax increase was approved by El Cajon voters in November 2004 for improvements to public safety facilities and a new animal shelter. The new facility is double the size of the previous 50-year-old shelter, built in 1957, and is designed to enable future expansion. C.W. Driver Companies constructed the El Cajon Animal Shelter to meet Title 24 and Cal Green standards, including preferred parking for carpool and low-emitting vehicles, light-pollution and wastewater reduction, bicycle storage and more. Colorado-based Animal Arts and San Diego-based Ferguson Pape Baldwin Architects worked alongside C.W. Driver Companies to design the project. In addition to Freeark, the firm’s project team included Andy Feth, project director; Eric Schultz, project manager; Will House, superintendent; Mark Hunter, BIM manager; Jym Varnadore, BIM manager; Cole Edging, senior project engineer and Karen Hudnall, senior project coordinator.

Contact: Jade Terry, 714-263-8752

06/12/2018 Personnel News

Landscape Architecture Group Leader Joins V3

V3 Companies

INDIANAPOLIS, IN – Don Staley, ASLA, LEED AP, has joined V3 Companies as its new Group Leader of Landscape Architecture, adding new expertise to the company’s existing practice. Don’s passion and capabilities will expand V3’s focus on integrated design solutions including green infrastructure, stormwater parks, stream and river restoration, trails and pedestrian connectivity, and complete streets. He will continue to grow V3’s model of delivering sustainable water resource management by integrating the skills of engineers, ecologists, urban planners and landscape architects. Don will be based in V3’s Indianapolis office, from where he will lead the company’s landscape architecture group. However, he will help the firm deliver these types of projects across its network of offices in Illinois, Indiana, Missouri, Ohio, Canada and Haiti. “We’re excited to have someone of Don’s experience and expertise join the V3 Team,” said Greg Wolterstorff, VP and Director of Natural Resources. “He will clearly advance our growing focus on services related to the integrated design of multi-function public spaces.” An accomplished Professional Landscape Architect and LEED Accredited Professional, Don holds an MLA with Distinction from the University of Georgia School of Environmental Design and a BS with Distinction from Purdue University Landscape Architecture Program. He is experienced in many diverse areas of practice, including urban and riverfront design, campus design and planning, site and stormwater planning, urban forestry and ecological design and planning. Don also taught landscape architecture in graduate and undergraduate programs at the University of Georgia, Texas Tech University and Florida A&M University.

Contact: Shannon Coan, 630-729-6267

06/12/2018 Company News


Cox, Castle & Nicholson

Cox, Castle & Nicholson LLP, a preeminent full-service law firm focused on real estate in the United States, today announced that Sean Matsler has joined the firm as its newest land use partner. Matsler brings 15 years of experience securing entitlements for myriad real estate clients to bolster the firm’s robust land use practice, a group that earned the 2018 National Tier 1 Law Firm of the Year for Land Use and Zoning Law in the 2018 U.S. News & World Report and Best Lawyers “Best Law Firms” rankings. Matsler’s practice focuses on securing entitlements for residential, commercial, industrial and institutional real estate development projects. He advises clients on some of the country’s most challenging real estate regulations such as the California Environmental Quality Act (CEQA), California Coastal Act and local planning and zoning regulations. Recent and ongoing projects under Matsler’s strategic legal guidance include four large residential and mixed-use projects in Newport Beach; the revitalization of Dana Point Harbor; an 80-unit residential project in Yorba Linda; a 250-unit infill multifamily development in Santa Ana; a 100-unit senior housing project in North Tustin and a 3 million-square-foot industrial, retail and office complex in Eastvale.

Contact: Jade Terry, 714-263-8752

06/07/2018 Deal

Miller Completes Esperante Corporate Center Renovation

Miller Construction Company

WEST PALM BEACH, FLA. – Miller Construction Company has completed a six-story, $3.8 million renovation of the public spaces at Esperanté Corporate Center, one of West Palm Beach’s premier office towers. Finished ahead of schedule, the eight-month project for owner 222 Lakeview LLC included complete renovation of a four-story atrium and lobby, including walls, ceilings and floors, as well as replacing two lobby escalators that lead from the building’s main entrance at the atrium to the second-story main lobby. The building on a busy Downtown site was fully operational throughout the entire project, and Miller’s crews phased the project to ensure tenants’ convenience and safety. They provided sound-absorbing protective sheeting and negative pressurization of partitioned spaces to separate work areas from Esperanté Corporate Center’s ongoing operations, and much of the extensive demolition and disruptive construction activities were scheduled at night. Designed by global architecture firm Gensler, the renovation featured high-end finishes installed with meticulous craftsmanship. Flooring is imported marble from Greece, and the walls are a combination of Venetian plaster, decorative glass panels and Sapele wood panels. To minimize any inconvenience to tenants, Miller’s team drew on four decades of experience working in operational corporate and mission-critical environments. “With this renovation on a massive scale, Esperanté Corporate Center’s lobby and atrium create a fresh, world-class focal point for one of Downtown’s most upscale office environments,” said Brian Sudduth, Miller Construction Company president. Miller Construction is a prominent design/builder and construction services firm serving commercial, industrial, retail, healthcare, hospitality, education and multi-family markets. For information: [1]. # # # Links: ------ [1]

Contact: Linda Lewis, 954-428-4477

06/04/2018 Company News

Colliers Identifies New Headquarters for Plymouth Rock Management Company of New Jersey in Woodbridge

Caryl Communications

WOODBRIDGE, N.J., June 4, 2018 – Demonstrating a commitment to client service, Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) leveraged its deep understanding of Plymouth Rock Assurance to identify a new, centrally located headquarters for the growing home and autoinsurer. The company will move from its current Red Bank and Berkeley Heights locations to 581 Main Street in Woodbridge, a Mack-Cali Realty Corporation property, where it’s taking 130,000 square feet of space for occupancy by the first quarter of 2019. Colliers Managing Directors Samuel Horowitz and Chris Hovanec, both from the Parsippany office, worked closely with Plymouth Rock to gain a thorough understanding of the company’s needs before beginning the search. “Plymouth Rock’s successful growth meant the company needed more space,” said Horowitz. “The new location would have to accommodate over 700 people with room for more as the company continues to expand. We also had to consider business continuity, increased collaboration, modernization of the facilities, and other issues. To mount an efficient search, we engaged in comprehensive dialog with the company, utilizing meetings, survey questionnaires, evaluations, and financial and other projections. The activities were designed to align Plymouth Rock’s long-term goals with the property’s ability to help achieve them.” Colliers assisted with the space planning process, providing insight around modern space design, utilization and layouts, using demographic and other reports to guide the search process and assist in understanding how building configurations could impact operational efficiencies.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/31/2018 Deal

Colliers Arranges Sale of 1 Corporate Place South in Piscataway

Caryl Communications

Piscataway, N.J., May 31, 2018 – Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) has arranged the partial sale-leaseback of 1 Corporate Place South in Piscataway, a multi-tenant office asset. Located just west of the New Jersey Turnpike along Interstate 287 in the I-287 Corridor Submarket, the property drew more than 12 written offers and multiple bid rounds soon after being presented to the market. A private NJ based investor purchased the 88,780 rentable-square-foot office asset, situated on a 5.5-acre site from Princeton Equities, LLC for $10 million. Jacklene Chesler, Patrick Norris, Matthew Brown and Angelo Vitale, based in the global commercial real estate services firm’s Parsippany, N.J., office, headed the assignment. The team aggressively canvassed area and out-of-state investors, and leveraged their marketing efforts with the team’s proprietary database of more than 9,000 investors, and this resulted in the execution of over 70 confidentiality agreements. “The I-287 corridor office submarket is recognized as one of the most improved office submarkets in the state due to the tightening availability rate, inflation of rents and the ongoing repurposing of office buildings for alternative uses in Piscataway,” Chesler noted. “The submarket has experienced approximately 170 basis points of tightening in the vacancy rate, along with a direct average asking rental rate growth of 3.4% over the last four quarters.” Built in 1981, 1 Corporate Place South was upgraded in 1997, with additional lobby and façade renovations in 2009. The property — situated within the Corporate Park 287 office park that includes large corporate users such as Siemens AG, Nomura Securities, Barclays, and Verizon — provides easy access to county amenities and a highly skilled workforce. It is 100% occupied by four tenants including Marlabs, an owner/user technology firm that is the anchor tenant in the property.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/24/2018 Deal

Cushman & Wakefield Brings Campus at Green Hill to Market in Wallingford, Conn.

Caryl Communications

A unique LEED-Certified campus set in the active northern New Haven regional submarket of Wallingford is now available for sale. Cushman & Wakefield has been appointed to offer a 100% leasehold interest in the Campus at Green Hill, a 104-acre complex at 108 Leigus Road in Connecticut’s busy I-91 corridor. Located next to a park-and-ride off exit 15 on I-91 and close to Route 15, offering easy access to both Hartford and Fairfield Counties — 75 miles from New York City and 90 miles from Boston — the property’s two-story building offers 288,795 rentable square feet that is 75% leased to three well-known tenants: health insurer Anthem Blue Cross and Blue Shield; engineering, architecture and construction firm Burns & McDonnell; and Liberty Mutual insurance company. The property offers the opportunity for additional development with application-ready land that can accommodate more than 440,000 square feet of additional office space. The parcel fronting directly on I-91 can accommodate a building of approximately 118,000 square feet.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/22/2018 Company News

Burke Construction Group Announces the Addition of New Shareholders & Principals

Burke Construction Group

Dimitri Mihaloliakos, a 22-year construction professional and Vice President of Estimating at Burke, previously held the role of Chief Estimator during his 13-year tenure. Dimitri has built a strong reputation in the construction industry, remaining active in the commercial development community, where he serves as a member of the Nevada Contractors Association (NCA), National Association of Industrial and Office Parks (NAIOP) and the leadership organization, Vistage. A graduate of the UNLV Construction Management Program with a minor in Architectural Design, Dimitri has volunteered his time and knowledge as a visiting professor at his alma mater. With 20 years of industry knowledge, Vice President of Preconstruction Thad Lawrence, LEED AP, distinguished himself early-on since joining Burke in 2007. During his tenure with the company, he has worked in the capacity of Project Manager - joining the Estimating and Preconstruction team in 2010, where he merged his years of experience in Operations. Since that time, he was promoted to a Senior Estimator and Director of Preconstruction Services, where his leadership has been instrumental in delivering numerous successful projects - notably, serving as a certified U.S. Army Corps of Engineers Construction Quality Management specialist leading our Federal Projects Division as well as the Development Manager and Project Executive for our Strategic Partners. Committed to industry growth and education, Thad remains actively involved in organizations such as NCA, NAIOP and Vistage. Both executive team members have worked diligently over the years – continuing to provide leadership and strategic direction for our continued growth and success.In addition to Partner/Principal Jim Colegrove, who heads Burke's Special Projects Group, President & CEO, Kevin Burke noted that he "could not be more proud to welcome Dimitri and Thad into ownership of the company, a commitment which my brother and Founder would have been equally as proud."

Contact: Burke Construction Group, Inc., 702-367-1040

05/16/2018 Company News

“LATITUDE” Campus Rebrand Taps into Bi-Coastal Connectivity Theme, Reflects Deep Hospitality Focus

Vision Real Estate Partners

A bi-coastal amenity theme and impressive hospitality-focused experience are central to Vision Real Estate Partners and Rubenstein Partners’ newly unveiled LATITUDE, located on Interpace Parkway in Parsippany. Designed by the joint venture as a comprehensive rebranding and reintroduction of its recently acquired office campus previously known as Morris Corporate Center IV, the multi-million-dollar LATITUDE repositioning will serve to unify and enhance that original, circa 2000 two-phase development. The result will be a single, 30-acre campus offering 700,000 square feet of premier corporate, health, wellness and lifestyle-focused work spaces.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/16/2018 Company News

C.W. Driver Companies Golf Tournament Raises More Than $23,000 for Solutions for Change

C.W. Driver Companies

C.W. Driver Companies, a premier builder serving California since 1919, hosted its third annual charity golf tournament benefiting Solutions for Change on April 23. The tournament was held at Twin Oaks Golf Course in San Marcos. The builder’s executives, employees, subcontractors and industry partners came together to raise more than $23,000 for the nonprofit, whose mission is to permanently solve family homelessness – one family, one community at a time. To date, C.W. Driver has raised more than $60,000 for the nonprofit in addition to providing countless hours of volunteer work.

Contact: Jade Terry, 714-263-8752

05/09/2018 Company News

Cushman & Wakefield Marketing 11 Waterview Blvd. for Sale or Lease

Cushman & Wakefield

Cushman & Wakefield has been appointed to market 11 Waterview Boulevard in Parsippany as a headquarters opportunity for sale or lease. The 120,000-square-foot office asset sits immediately off Route 46, at the intersection of Interstates 287 and 80, and represents the largest, Class A user-purchase opportunity in the immediate market. The three-story building features a stately pre-cast concrete façade and a full-height ceremonial staircase connecting its three stories. Each floor is finished with perimeter offices, an open-format collaborative core with work pods, and a bistro-style kitchenette with high-top tables and lounge seating. Building amenities include a full-service, 200-seat cafeteria, fitness center with lockers and showers, and multiple conference rooms. Its future occupant will also benefit from Category 6 wiring, multiple fiber carriers and an IT room with dedicated cooling.

Contact: Evelyn Weiss Francisco, 201-796-7788

05/08/2018 Company News

Boston Capital Invests in Multifamily Community for Families in Scarborough, Maine with Avesta Housing

Boston Capital

Boston Capital is investing in the construction of Southgate House, a 38-unit apartment community for families in Scarborough, Maine. The development will include the rehabilitation and adaptive reuse of a two-story historic farmhouse into eight one-bedroom units and the new construction of 30 units in a single four-story building. The general partner is Avesta Housing, based in Portland, Maine. "Southgate House represents our 13th investment with our partner Dana Totman and our friends at Avesta Housing," said Jack Manning, president and CEO of Boston Capital. "Residents of this unique apartment community, which is the first tax credit property in Scarborough, will benefit from supportive services as well as easy access to good schools, retail and community services."

Contact: Allison E. Marino, 617-624-8678

05/07/2018 Company News

Calkain Urban Advisors Completes $14.9M Sale of MacArthur Retail & Professional Center


Calkain‘s Urban Investment Advisors team of Rick Fernandez and Andrew Fallon, recently completed the sale of the MacArthur Retail & Professional Center at 5185 MacArthur Boulevard, NW located in the Palisades neighborhood just north of Georgetown in Washington, DC. The 90% leased, 43,543 square foot, 3-story property is anchored by a dynamic suite of ground floor retail including Starbucks and the UPS Store. Calkain represented the seller in the transaction and the property sold for $14,925,000.00 to a private group of investors from New York.

Contact: Traci Bidinger, 703-935-0947

05/02/2018 Company News

Sheryl C. Starr Elected As Firm’s New Managing Partner

Bernkopf Goodman LLP

Bernkopf Goodman LLP is proud to announce that Sheryl C. Starr, a Real Estate, Corporate, and Business Law Partner, has been elected as the firm’s new Managing Partner. As Managing Partner, Starr will oversee Bernkopf Goodman’s day-to-day operations by working closely with the Executive Committee, the Chief Operating Officer, the Marketing Committee, the Technology Committee, and other key leadership individuals in the firm.

Contact: Jeannette Riendeau, 617-790-3000

05/02/2018 Personnel News

Calkain Hires Jim Isbell to Open New Philadelphia, PA Location


Calkain Companies LLC announced this week that it has hired Jim Isbell to open a new office location for the firm, further expanding its presence along the east coast. Isbell, a Director at Calkain, is joining forces and will manage the new office located just outside Philadelphia at 3477 Corporate Parkway in Center Valley, PA. With over 20 years in the financial securities industry, Jim has helped advise clients on how to grow and serve their client base, reduce costs and improve profitability. “His vast knowledge of that industry and strong relationship skills will translate well as Jim ventures into the net lease industry,” stated Jonathan Hipp, president and CEO of Calkain. “Understanding our clients’ needs and delivering solutions that maximize the yield on their investment portfolios is vital to our success. Jim’s skillset will complement our current team’s expertise and enable us to continue best serve our clients.”

Contact: Traci Bidinger, 703-935-0947

04/27/2018 Deal

Cushman & Wakefield Represents Konica Minolta in Dual Sale/Leaseback Transactions in Ramsey, N.J.

Cushman & Wakefield

Commercial real estate services firm Cushman & Wakefield has arranged dual sale/leaseback transactions for Konica Minolta Business Solutions U.S.A., Inc. on Williams Drive in Ramsey, NJ. The strategic assignment, fueled by a $29 million Grow New Jersey grant, enables the consolidation of the technology and IT services firm’s U.S. operations into a single, northern New Jersey campus. Richard Baumstein and Marc Graham, based in Cushman & Wakefield’s East Rutherford, N.J. office, serve as national real estate advisors for Konica Minolta. The team represented the company in contracting to purchase 133 Williams Drive, a 171,500-square-foot industrial asset. Dan Foley of Savills Studley served as broker for the seller, Prestige Motors.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/26/2018 Deal

Vision Real Estate Partners Acquires 226,317-SF, Class A Office Building in Morris County, N.J.

Vision Real Estate Partners

Vision Real Estate Partners continues the expansion of its northern New Jersey office footprint with the acquisition of a 226,317-square-foot, Class A office building in Morris County, New Jersey. The four-story property at 20 Waterview Boulevard in Parsippany is situated within the Waterview Corporate Center. 20 Waterview Boulevard, which is the largest of the premier office park’s buildings, and is suitable for small and large users alike, features flexible floor plates that allow for contiguous suites from 10,000 to 100,000 square feet.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/24/2018 Personnel News

Nineteen Cushman & Wakefield Professionals in N.J. Named as CoStar Power Brokers

Cushman & Wakefield

Nineteen Cushman & Wakefield commercial real estate leasing and sales specialists in New Jersey have been named among CoStar’s 2017 Power Brokers. The research organization also recognized Cushman & Wakefield among New Jersey’s top leasing and sales firms. The Power Broker awards are presented to companies and individuals who close the highest transaction volume in their respective markets throughout a given year. Cushman & Wakefield’s individual honorees for office leasing include (in alphabetical order) Ben Brenner, Kevin Carton, Daniel J. Johnsen, Jackie Madden, William O’Keefe, Charles P. Parmelli, Shawn Straka and Raymond Trevisan. The firm’s industrial leasing Power Brokers include Jason Barton, Charles Fern, Jason S. Goldman, Daniel J. Johnsen, Marcus Petrella and Andrew Siemsen. Additionally, David W. Bernhaut, Gary Gabriel, Andrew J. Merin, Kyle Schmidt and Brian J. Whitmer were recognized for investment sales volume.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/24/2018 Personnel News

Kathy Majam Appointed Sr. Person Lines Account Manager for Cavignac & Associates

Cavignac & Associates

Kathy Majam, a 34-year veteran of the insurance industry, has been named by Cavignac & Associates a leading risk management and insurance brokerage firm, as senior account manager within its Personal Lines Department. The company established that department three years ago as a way of broadening it range of risk management and insurance brokerage services it provides to both commercial and private clients. Majam will serve as the main contact at the agency for clients whose accounts she has been assigned. She is charged with processing new and renewal policies, preparing quotes, submitting endorsement requests and other activities associated with her clients’ accounts.

Contact: Bonnie Kutch, 619-299-1010

04/24/2018 Deal

Colliers Arranges Sale of Cooke Mills Apartment Property in Paterson

Colliers International Group

Paterson, N.J., April 24, 2018 – In one of Paterson’s highest per-unit-price multifamily sale[s] to date , Colliers International NJ LLC (NASDAQ:CIGI, TSX:CIG) has arranged the trade of Cooke Mills, 19 Market Street in Paterson. The Great Falls Historic District rental property drew more than three dozen tours and 18 qualified bidders – and closed within 75 days of being presented to the market. A private regional investor purchased the 14-unit apartment property from a repeat Colliers client for $1.9 million – or $135,750 per unit. Jacklene Chesler, Patrick Norris, Matthew Brown and Angelo Vitale based in the global commercial real estate services firm’s Parsippany, N.J., office, headed the assignment. The team marketed the property in conjunction with Ten-X, an online transaction platform for commercial real estate, also leveraging Colliers’ proprietary investor database. This hybrid approach resulted in the execution of 272 confidentiality agreements.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/17/2018 Company News

Boston Capital Invests in Two Affordable Multifamily Communities for Veterans, Families and the Homeless in San Diego with Affirmed Housing

Boston Capital

Boston Capital is investing in the construction of two affordable apartment communities in San Diego, Calif: The Stella, an 80-unit permanent supportive housing development serving the homeless and homeless veterans and Bluewater, an 80-unit development for families and veterans. These investments represent Boston Capital's 24th and 25th partnerships with Affirmed Housing, based in San Diego.

Contact: Allison E. Marino, 617-624-8678

04/16/2018 Personnel News

Dermody Properties Welcomes Kathleen S. Briscoe as Partner, Chief Capital Officer

Dermody Properties

Crosswater Advisors; and served as Chief Operating Officer and Chief Investment Officer for real estate at Cordia Capital Management. “Kathy will be integral to the growth of our investment management business,” said Douglas A. Kiersey, Jr., President of Dermody Properties. “We are delighted to have someone with her experience, skills and personal qualities join the Dermody Properties team.” About Dermody Properties Dermody Properties is a privately owned industrial real estate investment, development and management firm that specializes in acquisitions and development of logistics real estate in strategic locations for e-commerce fulfillment centers, third party logistics and distribution customers. Founded in 1960, Dermody Properties has invested in more than 70 million square feet of industrial space. To learn more about Dermody Properties visit

Contact: Katie Coleman, KPS3, 775-781-0881

04/15/2018 Company News

Cushman & Wakefield Hires Seasoned Leasing Professional

Cushman & Wakefield

Cushman & Wakefield has hired Brian Decillis as a managing director of its New Jersey brokerage operations, announced Andrew Judd, managing principal and head of Cushman & Wakefield’s New Jersey region. Based in Cushman & Wakefield’s Morristown office and working in partnership with industry-recognized veterans Robert Donnelly Sr. and Rob Donnelly, Jr., Decillis will focus on agency leasing, tenant representation and multimarket account work.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/11/2018 Company News

C.W. Driver Companies’ Brent Hughes Moves Up The Ranks to Vice President of Operations

C.W. Driver Companies

C.W. Driver Companies, a premier builder providing general contracting and construction management services in California since 1919, today announced the promotion of Brent Hughes to vice president of operations. In Hughes’ new capacity, he will oversee projects in the retail, commercial, office, hospitality and gaming, mixed-use and entertainment industries in addition to spearheading signature projects across California. He also will provide leadership and guidance for project teams to ensure they are equipped with the resources needed to see projects through from construction to completion. “Brent has brought immense value to every project he has been on, and we are looking forward to seeing the impact and breadth of his leadership expand even further in his new role,” said Dana Roberts, chief executive officer. “His impressive track record, as evidenced by a host of industry recognitions, make him an invaluable member of the team.” Hughes has more than 20 years of construction experience, with projects spanning commercial, offices, resorts, casinos, hotels, parking structures and more. He has served as a critical team member of notable company projects including Soboba Band of Luiseño Indians’ new casino and resort; Hollywood Casino Jamul; Hillsdale Shopping Center, North Block Redevelopment and multiple projects for Qualcomm. Hughes boasts a host of industry recognitions including the Builder’s Choice Merit Award for 16th & Market Workforce Apartments; DBIA’s National Design-Build Excellence Award for Quechan Casino Resort; and the Structural Engineers Association of San Diego’s Landmark Structures Excellence Award for QUALCOMM’s world headquarters. Named Associated Subcontractors Alliance (ASA) Project Manager of the Year, Hughes holds a bachelor’s degree in construction management from California State University, Fresno. He is based in San Diego.

Contact: Jade Terry, 714-263-8752

04/10/2018 Deal

Cushman & Wakefield Orchestrates Sale of Monmouth Shores Corporate Park

Cushman & Wakefield

Cushman & Wakefield has arranged the trade of Monmouth Shores Corporate Park, an eight-building office/flex complex totaling 400,000 square feet in Wall Township, N.J. Monmouth 2 LLC, an affiliate of BHN Associates, purchased the asset from Mack-Cali. Monmouth Shores Corporate Park is one of the largest business parks in the region and is situated along Campus Parkway, Wyckoff Road and Highway 34 in Wall Township. The Park was 88 percent leased to 24 tenants at the time of sale and is comprised of five single-story flex assets and three office buildings. Cushman & Wakefield’s NJ investment team members, including Andy Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Frank DiTommaso, represented the seller.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/06/2018 Company News

CapRock Partners Sponsors CapRock Cup for Third Year at NAIOP SoCal YPG Case Competition

CapRock Partners

Industrial real estate investment firm CapRock Partners sponsored the CapRock Cup for the third year at NAIOP SoCal Young Professionals Group’s (YPG) annual case competition. The competition is a culmination of the YPG Class’ 12-month, 70-hour course designed to educate, develop, connect and elevate the commercial real estate industry’s emerging leaders. CapRock Partners celebrates a longstanding relationship with YPG. In addition to serving as a multi-year sponsor of the CapRock Cup, many of the firm’s executives and employees have also participated and held leadership positions in the program. The last two years, Jon Pharris, CapRock’s president and a former YPG alumnus, judged the competition and this year Patrick Daniels, CEO, served on the panel. In attendance were Robert O’Neill, senior vice president of acquisitions, and Taylor Arnett, vice president of acquisitions. In addition, Russell Fenton, CapRock’s director of development, will be in next year’s YPG class. “It’s inspiring to see the efforts and passion that each of the teams put into this program, and learn more about the contributions they make to the industry as a whole,” said Daniels. “Many of them entered real estate during the recession, which was of course an extremely tough time for the industry, and it’s incredible to see how resilient they’ve been in good times and bad. CapRock Partners is proud to support YPG SoCal in its efforts to give back and forge longstanding connections amongst the next generation of commercial real estate leaders.” This year’s winning team, “The Deck,” includes Mike Adams, Stream Realty; Thomas Lawless, Hines; Cooper Dodd, JPMorgan Chase & Co; Carly Naples, Business Finance Capital; Blake Meister, Westcap Corp.; Lindsey Barr, Cox Castle & Nicholson; and William DeLaney, Bixby Land Company.

Contact: Jade Terry, 714-263-8752

04/05/2018 Deal

Cushman & Wakefield Arranges Three-Building Sale in Basking Ridge, NJ

Cushman & Wakefield

A three-building office park in Basking Ridge has traded in a sale orchestrated by Cushman & Wakefield’s East Rutherford, N.J., investment sales team. Cranford, N.J.-based Signature Acquisitions purchased 106, 110, and 150 Allen Road from The Silverman Group. The assignment was led by Cushman & Wakefield’s Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer and Frank DiTommaso II. Located immediately off of I-78 at Exit 33, the Park totals 524,260 square feet throughout three, four-story buildings. The Class-A buildings were acquired in three separate transactions since 2010 and have been rebranded as The Offices at Liberty Corner. Each of the buildings caters to a range of tenant sizes and uses, featuring renovated common areas, covered parking options, on site food service, extensively landscaped grounds and outdoor seating areas.

Contact: Evelyn Weiss Francisco, 201-796-7788

04/04/2018 Company News

Calkain Brings 4235 Wisconsin Avenue NW to Market


Calkain’s Urban Investment Advisory team of Rick Fernandez and Andrew Fallon will be bringing 4235 Wisconsin Avenue, NW in Washington, DC to market this week. The 1,628 square foot building is 100% net leased to Buredo, an exciting and popular local restaurant concept featuring handheld, burrito-size sushi rolls and salads featuring Asian inspired ingredients and flavors. The 4200 block of Wisconsin Avenue has become a quick service dining destination and Buredo joins other local dining favorites including Cava, McDonalds, Popeye’s, Nando’s Peri Peri, and Chipotle.

Contact: Traci Bidinger, 703-935-0947

04/03/2018 Personnel News

Jonathan Elder Joins Anderson & Kreiger LLP

Anderson & Kreiger LLP

Jon has over a decade of experience representing general contractors, subcontractors, owners, businesses, and individuals in a wide range of construction matters including claims related to design defects, delays, incomplete and disputed work, public bidding and bid protests, and contract negotiation. He also advises construction clients in connection with compliance-related issues on publicly-funded projects, including Disadvantaged Business Enterprise (DBE) compliance, False Claims Act violations, and other legal and regulatory matters associated with state and federal contracting. Outside the office, Jon is on the Program Advisory Committee for the Associated General Contractors of Massachusetts and is a member of the Board of Directors for the Construction Financial Management Association of Massachusetts. Jon joins a growing Construction group at Anderson & Kreiger representing public and private clients in transactional and related litigation matters. Our construction group works hand-in-hand with our litigation, municipal, airport and environmental groups to provide our clients with sophisticated and efficient counsel on projects big and small and in front of local, state and federal proceedings. Managing Partner Dave Mackey said, “We are thrilled that Jon has chosen to join us and strengthen our ability to serve our clients in a range of transactional and litigation matters.”

Contact: Katelyn Smith , 617-621-6519

04/02/2018 Deal

Lee & Associates Arizona sells Tuft & Needle Headquarters  building in Phoenix for $8.73M

Lee & Associates Arizona

April 2, 2018 – PHOENIX — Lee & Associates Arizona announced today that the Fincham Dempsey Team has arranged the sale of the Tuft & Needle Corporate Headquarters and retail showroom building for $8.73 million. Jan Fincham and Patrick Dempsey facilitated the transaction on behalf of the seller, SimonCRE Chisum III, an entity of Scottsdale-based developer SimonCRE. The buyer, Retail Realty Fund was represented by Property Group International. Located in Downtown Phoenix at 701 N. Grand Ave., the 36,000-square-foot historic building was originally constructed in 1917 and served as home to the O.S. Stapley hardware store, which closed in 1962. The property was purchased in 2012 by SimonCRE, and was renovated as an adaptive re-use creative office space for the headquarters of Tuft & Needle, a Phoenix-based e-commerce and manufacturing company founded by Daehee Park and John-Thomas Marino. “The Tuft & Needle building was attractive to the investor because of the quality adaptive re-use renovation by SimonCRE, the stability of a long-term lease to nationally recognized tenant Tuft & Needle, and the location in the heart of the vibrant Downtown Phoenix Redevelopment Area,” said Fincham. “This sale really shows the strength of the Grand Avenue District and the demand in the area,” said Joshua Simon, Founder and CEO of SimonCRE. “We’re hoping that this district begins to emerge as a vibrant hub similar to Roosevelt Row.” Between 2004 and 2017 more than $5 billion of private and public capital was invested in Downtown Phoenix, creating a vibrant urban core with a revitalizing live-work-play environment that attracts about six million visitors to the area’s arts, sports, cultural, hospitality and entertainment venues each year.

Contact: David McGltohlin, 623-670-2430

04/02/2018 Personnel News

Ryan Companies Announces Promotion of Molly Ryan Carson to Senior Vice President of Real Estate Development, Market Leader


Ryan Companies Announces Promotion of Molly Ryan Carson to Senior Vice President of Real Estate Development, Market Leader PHOENIX, AZ (April 2, 2018) Ryan Companies US, Inc. Southwest Region announced today the promotion of Molly Ryan Carson to Senior Vice President of Real Estate Development, Market Leader. Ryan Carson has been a central leader in a number of high-profile projects in the region such as GoDaddy, McKesson, AMKOR Technology and Farmers Insurance. In her new role, Ryan Carson will lead business development and real estate development for Ryan’s Southwest region. “Molly is well known for her strong relationships and active involvement in the local real estate community,” said Rick Collins Regional President Ryan Companies “She is a consistent model of and reinforces Ryan’s culture of excellence and commitment to our customers.” Ryan Carson will continue to serve as National Executive Committee board member for NAIOP, Vice Chairperson of NAIOP Arizona, development advisory board member for the City of Phoenix and board member for Valley Partnership and Xavier College Preparatory. About Ryan Companies US, Inc. Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 15 offices and has completed projects in 38 states. For more information, visit ###

Contact: Kathy Jalivay, 612-492-4630

03/30/2018 Company News

Prism Inks Nearly 65,000 SF in Leasing Activity at P3 Properties’ BroadAcres Office Park

Prism Capital Partners

With nearly 65,000 square feet in new leases and tenant renewals, BroadAcres Office Park is nearing 90 percent occupancy, according to Prism Capital Partners, exclusive leasing and managing agent. The milestone comes one year after P3 Properties assumed ownership of the landmark, 380,000-square-foot campus in Bloomfield; at the time, occupancy was 72 percent. Prism Capital Partners, which is headquartered onsite at BroadAcres Office Park, represented P3 Properties in seven recent long-term and multi-year transactions.

Contact: Evelyn Weiss Francisco, 201-796-7788

03/29/2018 Company News

Prism Inks Nearly 65,000 SF in Leasing Activity at P3 Properties’ BroadAcres Office Park

Prism Capital Partners

With nearly 65,000 square feet in new leases and tenant renewals, BroadAcres Office Park is nearing 90 percent occupancy, according to Prism Capital Partners, exclusive leasing and managing agent. The milestone comes one year after P3 Properties assumed ownership of the landmark, 380,000-square-foot campus in Bloomfield; at the time, occupancy was 72 percent. Prism Capital Partners, which is headquartered onsite at BroadAcres Office Park, represented P3 Properties in seven recent long-term and multi-year transactions.

Contact: Evelyn Weiss Francisco, 201-796-7788

03/26/2018 Company News

Vision Real Estate Partners/Rubenstein Partners Ink Twin Office Acquisitions in Parsippany, N.J.

Vision Real Estate Partners

A pair of acquisitions by Vision Real Estate Partners and Rubenstein Partners continues this joint venture partnership’s commitment to the Morris County office market. In separate transactions, the firms recently purchased Phases I and II of the former Morris Corporate Center IV, amassing nearly 700,000 square feet of Class A product on Interpace Parkway in Parsippany. Hallmark to this joint venture partnership, an extensive capital and rebranding campaign will be quickly implemented for the twin, trophy-quality assets. Each includes two interconnected buildings ideally located on a total of 30 acres at the four-way I-80/I-287 interchange. The buildings are distinguished by their timeless granite architecture, highly efficient floorplates and amenities – including recently upgraded cafes and fitness centers. The ambitious capital improvement program will increase indoor and outdoor amenity space throughout the campus, and expand parking with a town-approved parking structure.

Contact: Evelyn Weiss Francisco, 201-796-7788

03/22/2018 Personnel News

Nutter Partner Paul Ayoub Voted In As Next Board Chair for Greater Boston Chamber of Commerce


Please see full release here:

Contact: Heather Merton, 617-439-2166

03/21/2018 Personnel News

Liberty Property Trust Promotes Megan Creecy-Herman to Vice President, Market Leader in Arizona

Liberty Property Trust

Liberty Property Trust today announced that it has promoted Megan Creecy-Herman to the position of vice president, market leader. She will run the company’s industrial portfolio in Arizona. Liberty Property Trust’s current portfolio in the state consists of approximately 2.5 million square feet of industrial properties, with another 280,280 square feet currently under construction, and 140 acres of land for future industrial development. Creecy-Herman joined Liberty in 2012 as director of leasing and development and was promoted to vice president in 2016. In 2014, she was elected as chairperson of the National Association of Commercial Real Estate Development’s Arizona Chapter, serving as both the first-ever female and youngest person in that position. A year later she received the prestigious national award for “Chairperson of the Year” from NAIOP. She is a previous member of the NAIOP national executive committee and a current member of the national board of NAIOP. Liberty is preparing to sell its office properties in the region, including those at Liberty Center at Rio Salado, the approximate 682,406 square foot office park Creecy-Herman helped to develop between 2012 and 2018. (Liberty will continue to own 215,000 square feet of industrial property it developed and now manages in Rio Salado.) Prior to joining Liberty, Creecy-Herman was at EJM Development Co. in Phoenix, serving in leasing, acquisitions and development capacities. She earned a Bachelor of Science Degree in Business from Arizona State University and an MBA from the University of Arizona. Creecy-Herman succeeds John DiVall, a 20-year veteran of Liberty Property Trust, who established and served as market leader of the Arizona office. Liberty was named NAIOP’s Owner/Developer of the Year in both 2014 and 2017. The company owns more than 2.5 million square feet of industrial space in the market as well as approximately 140 acres of land for development in Phoenix and Goodyear.

Contact: Jen Meyer, 201-914-9957

03/21/2018 Personnel News


Fort Capital

Fort Worth-based real estate development and investment firm, Fort Capital, has expanded its team to include a managing director of multifamily, Patrick Pine, and a new marketing director, Abby Osvog. As managing director of Fort Capital’s multifamily division, Patrick Pine will focus on enhancing growth through the acquisition and repositioning of value-add multifamily portfolios, and the development of ground-up multifamily and mixed-use developments. As director of marketing, Abby Osvog will be responsible for all marketing efforts, including brand management and strategy, content development, social media, website management, property marketing, and public relations. “I’m thrilled to welcome such bright, ambitious talent to Fort Capital,” said Chris Powers, CEO and founder of Fort Capital. “Patrick’s experience is going to completely revamp the multifamily division, and Abby has brought a new contagious energy to the team. Fort Capital is posed to do great things in 2018, and the expansion of our team is going to really pour gas on that fire.”

Contact: Brenna Jefferies, 817-546-8339

03/20/2018 Personnel News

Real Estate Attorney Mark Block Returns to MMM as Partner

Morris, Manning & Martin

Respected commercial real estate attorney Mark A. Block has joined the Atlanta office of Morris, Manning & Martin as a partner. Block will practice in the in the Real Estate Development & Finance and Real Estate Capital Markets groups. He was previously a partner at Seyfarth Shaw. His national and international client base includes real estate investment trusts (REITs), development companies as well as companies that acquire and manage office and industrial properties. He has represented some clients for decades. Block originally worked at MMM. He chose to return, in part, because of the firm’s reputation, as well as the tax, environmental and corporate support it will provide his clients. “It was a good time to make a move,” he said. He always felt an attachment to MMM, and even still has his original business card. “We never broke up; we just took a 30 year vacation,” he jokes. “We are glad to have Mark back,” said MMM Managing Partner Louise Wells. “His practice fits perfectly within our strong real estate team. Many of our lawyers have worked across the table from him over the years and the mutual respect is evident. Mark is known for his dealmaking skills, particularly in acquisitions and sales, joint venture agreements and refinancings.” Block is a member of the National Association of Industrial and Office Properties (NAIOP.) Honors include being ranked in Chambers & Partners Best Lawyers for Business and The Best Lawyers in America©. Morris, Manning & Martin ( is an AmLaw 200 law firm with national and international reach.

Contact: Terri Thornton, 404-932-4347

Cushman Wakefield CenterPoint Properties