26C — March 19 - April 15, 2021 — The Best of 2020 — M id A tlantic Real Estate Journal



Hugh Wood, Inc. Philadelphia, PA

Ryan M. Barbacane Senior Vice President

Specialties: Proprietary Property & Liability Program for Real Estate Owners, Managers & Developers Hugh Wood, Inc. works not only as a broker, but also as an underwriter. Its unique to also uphold underwriting authority in addition to acting as a broker. When it comes to Risk Management within Commercial Real Estate, Ryan Barbacane is the industry expert. Ryan spends 100% of his time working with Real Estate Owners, Managers & Developers from a Property & Liability standpoint, and his brokerage firm has underwritten a truly unique Property, GL & Umbrella policy that’s is proprietary and exclusive to the insurance industry. Property portfolios Ryan insures include: Office, Industrial/Warehouse, Flex, Mixed Use, High Rise, Retail Complexes, Shopping Centers, Malls, Apartment Buildings, Hotels, Condominiums and more. The stability of this proprietary program offers Owners, Managers & Developers great stability in a hardening insurance market.

The BEST AUCTION of 2020 Max Spann Real Estate & Auction Co. Former Passaic County Administration Building 305-319 Pennsylvania Avenue, Paterson, New Jersey

Type of Property: Mixed Use Size: 81,386+-/- SF Building Successful Auction of the former Passaic County Administration Building. The high bid of $5,510,000 for the 81,386+/- s/f building was approved by Passaic County at their December 8th meeting and closed in approximately 90 days. The site consists of office/warehouse on 1.35+/- acres formally used by multiple Passaic County departments “This was a resounding vote of confidence on the City of Paterson as a place to invest.” said Bob Dann, EVP of Max Spann Real Estate & Auction Co. “This is also a resounding vote of confidence for the Auction Method of Marketing.” Max Spann is the leader in creating competitive bids environments for unique and hard to value properties. The online Auction had over 150 parties register in the weeks leading up to the conclusion of the Auction on December 3rd. Of those, approximately 22 Bidders submitted their bids through the Max Spann online-bidding platform. The buyer is looking to build a mixed-use project including apartments and retail space at the site, next to the thriving Farmers Market in South Paterson. Max Spann Real Estate and Auction Company is America’s premier real estate auction and advisory company and has been an industry leader in accelerated marketing for more than 50 years.

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