18B — April 11 - 24, 2014 — New Jersey — M id A tlantic

Real Estate Journal


P eople on the M ove

Procida Funding & Advisors promotes newvice presidents

Brings 9Mplus s/f of propertymanagement in NJ &PA Lee&Associates adds veteran property manager Violette

Coen, head of due diligence and servicing, came to Procida through his dad, whom is a legend in the servicing busi- ness. Procida has worked with Coen Senior over the last de- cade and he is also an investor in the 100 Mile Fund, which Procida exclusively manages. “Funny thing about Mike is that he came in for an inter- view and started working that day, his knowledge learning servicing at the kitchen table from one of the best is invalu- able,” said Procida. Procida knows Foley’s fami- ly since the 80’s. His great un- cle was Bill Ciganik, a legend in the Title Industry. Foley, head of originations and new business, came straight out of Wharton Undergrad and went right into the fire. “As a Division One swimmer, Foley is a natural competitor. They are all members of Rockland Country Club,” said Procida. Procida’s hiring strategy continues to be old school. Many members of his team date back to grade school, high school, or the neighbor- hood in one way or another. “It’s as close to an old fash- ion firm as you can get. Some of this young team knows each other from grade school. It makes for a comradery you rarely see,” said Procida. Procida Funding provides capital for a wide range of asset classes in the eastern region of the US, with a con- centration in the New York metropolitan area. The firm uses both its own capital and that of its strategic partners, which includes private equity funds and institutional lend- ers. The firm’s experience as a borrower and developer provides them with keen in- sight into how to be a creative and responsible lender and investor.  Central New Jersey indus- trial market and assisting our sales teams with clients and properties.” Fennimore is currently at- tending Rutgers University School of Environmental and Biological Sciences pursuing a Bachelor’s Degree in Agri- culture and Food Systems. She previously worked with Bank of America as an IT Con- sultant. Andie is a licensed salesperson in the State of New York and New Jersey, and amember of REBNY (Real Estate Board of New York). 

ENGLEWOOD CLIFFS, NJ — Billy Procida , found- er and CEO of NJ based com-

mercial real estate lend- er, Procida Funding & Adv i sor s , announced that Derek Weissman, Mike Coen, and Brian Foley have b e e n p r o - moted to vice presidents of the firm. “After sev- eral years, d e p l o y i n g $ 6 0 0 m i l - lion over 100 l oans , and r e c o v e r i ng collection on o v e r $ 3 5 0 million, they have clearly earned the t i t l e . They have origi -


includes Cabot Properties, Prudential, and blackstone among others. He brings a wealth of experience in real estate finance, property op- erations, strategic planning and management. He previously served as se- nior vice president for Colliers Houston & Company with responsibilities for a portfolio of 75 properties throughout New Jersey and Eastern Penn- sylvania. Violette received his B.S. in accounting from Northeastern University and received his CPA license in 1987. He currently serves on the executive committee for the Industrial and Office Real Estate Brokers Association (IOREBA) and is a member of the American Institute of CPA’s (AICPA) and the New Jersey Society of CPA’s (NJSCPA) . He resides in Belle Meade with his wife Ann.  tional Environmental and Con- struction Professional Liability Practice. She is responsible for providing the company’s executives with ongoing sales, account management, claims and policy servicing support. “Daniela is a team player with excellent relationship building skills,” said Jefferey S. Lejfer, CPCU , president of RT New Day. “Her dedication to meeting client needs and her ability to navigate the complex nature of our business are in- valuable assets that we believe will play important roles in our success for years to come. Daniela’s work ethic exempli- fies the detailed effort we place on helping every customer overcome challenges with the best possible risk management strategies.” Prior to joining New Day, Compton held numerous su- pervisory positions within the hospitality industry. A resident of Hamilton, she holds a Bach- elor of Arts Degree from Rider University in Lawrenceville.  be presented to Gretchen Wilcox , president/founder of G.S. Wilcox & Co. New BrunswickMayor JamesM. Cahill will receive the Caren S. Franzini Public Partner Award, which recognizes lo- cal champions of development that inspire and transform communities. 

of industrial, office and retail space throughout Northern and Central New Jersey and is currently responsible for overseeing consistent delivery of management services for a 9 million s/f property portfolio” said Lee & Associates princi- pal Brian Lynch . “David’s primary objective will be to provide comprehensive support for our clients across all stages of the value chain. He joins our dedicated staff and I think he will be able to implement his ideas for further growth quickly,” combined, Lee & As- sociates New Jersey manages over 11 million s/f of property in NJ and PA. Prior to joining Lee & As- sociates Violette was director of property management at NAI Dileo-Bram and brings over 30 years of experience in real estate management. He services a client portfolio that

LWOOD PARK, NJ — Lee & Associates New Jersey announced

that longtime industry pro- fessional Da- vid Violette , who current- ly manages over 9 million s/f of commer- cial real es- tate through-

Derek Weissman

David Violette

out New Jersey and Eastern Pennsylvania, has joined their property management team as executive director. “My goals include increasing the market penetration of Lee & Associates property man- agement by identifying new opportunities and optimizing the level of service require- ments for all of our clients” said Violette. “David has a proven track re- cord of successful management

Mike Coen

Brian Foley

RTNewDay promotes Nawa and adds Compton HAMILTON, NJ — Joseph Nawa has been promoted to VP within RT Specialty’s Na- Nawa joined the team as a consultant in 2013. Since then, he has taken on increased

nated, preformed due dili- gence, and asset managed everything from the $56 mil- lion renovation of the historic Philadelphia Metropolitan Opera House, to building the Hudson Valley Brewery in Beacon, to the $68 mil- lion Gulls Cove ground-up, high-rise condominiums in Jersey City, to hotels and re- tail loans.... even an oil truck repair facility,” said Procida. “Each is an unique indi- vidual, but together they are a force,” said Procida. Procida has known Weissman, head of asset management, since he was in high school with his daughter. Weissman did two internships with Procida while he attended University of Col- orado Boulder where Procida’s daughter also attended.

management responsibili- ties that as- sisted in the g r o w t h o f the National Environmen- tal and Con- struction Pro- fessional Li-

tional Envi- ronmental a n d Co n - s t r u c t i o n Profession- al Liability P r a c t i c e . For the past five years, he has been inte-

Joseph Nawa Daniela Compton

gral to the company’s new busi- ness efforts, while developing and leading other consultants in the practice. “Joe is a consummate insur- ance professional,” said Jeff Slivka , president – national environmental and construc- tion professional liability prac- tice. “He is committed to under- standing the products offered by the practice and providing the highest level of service to our clients. He has worked tire- lessly to understand evolving industry risks, grow our book of business, and increase his management responsibilities.”

ability Practice. During this time, Nawa also joined the International Risk Manage- ment Institute (IRMI) advi- sory council, taught construc- tion-related liability classes at the Construction Financial Management Association (CFMA) , and delivered numer- ous presentations at events held by leading organizations such as the Professional Li- ability Agency Network and the Commercial Real Estate Development Association. Daniela Compton has been named an account administra- tor within RT Specialty’s Na- Andrew J. Merin , an ex- ecutive vice chairman of Cush- man&Wakefield , will receive the Lifetime Achievement Award. Whitesell Construc- tion Co., Inc. and Greek De- velopment , will be honored with the Impact Award. The Industry Service Award will

Bussel Realty Corp. welcomes Fennimore as sales associate

EDISON, NJ — Bussel Re- alty Corp. (BRC) announced that Andie Fennimore has

j o i ned t he c omp a n y ’ s b r o k e r a g e division as a sales associ- ate. “ We a r e h a p p y t o have Andie as an addi-

NAIOP New Jersey announces 2019 CRE Awards Honorees NEW BRUNSWICK, NJ — The New Jersey Chapter of NAIOP has announced the recipients of its 2019 Commer- cial Real Estate Awards. The awards will be presented at the 32nd Annual Commercial Real Estate Awards Gala, which will be held on Thursday, May 16 at The Palace at Somerset Park in Somerset.

Andie Fennimore

tion to our brokerage team at BRC,” said Steve Bussel, SIOR , president of BRC. “She is learning the Northern and

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