48 — July 2026 — M id A tlantic Real Estate Journal
www.marej.com
P eople on the M ove
Marks arrival with notable transactions Resource Realty of NNJ adds Lake as sales associate
Brings 20 yrs. of experience leading public/private partnerships DPP appoints Cardwell next president/chief executive officer
Since entering the commer- cial real estate field in early 2022, Lake has built a strong reputation for guiding clients across traditional and multi- tiered leasing, acquisitions, dispositions and strategic real estate decisions. While he is li- censed in both New Jersey and New York, his client-centric approach has allowed him to successfully facilitate trans- actions and assist with client requirements in a number of competitive markets, includ- ing Florida and Delaware. Throughout every transac- tion, Lake remains commit- ted to being highly respon- sive, detail-oriented and results-driven. Lake’s professional dedica - tion mirrors his academic excellence. He graduated Summa Cum Laude from the State University of New York (SUNY) at New Paltz, earning a Bachelor of Science in Gener - al Business. Upon graduation, he was also honored with the prestigious Academic Award from the SUNY New Paltz School of Business. According to Tom Con- siglio , RRNNJ’s founding principal, Resource Realty of Northern New Jersey remains committed to continually ex- panding its talent base and strengthening its presence across key commercial real estate markets in NNJ and Southern NY State. MAREJ cial real estate industry and the professionals who create and manage the places where people work, shop, live and connect,” said Sean Doordan , president of CREDA Mary - land, and senior executive vice president, Acquisitions & Growth for St. John Proper - ties, Inc. “The transition to CREDA Maryland more clear - ly reflects our mission and the broad range of stakeholders we serve. Commercial office, industrial, logistics, multifam- ily and retail real estate are powerful drivers of economic growth, job creation and com- munity investment. Through advocacy, education, research and relationships, CREDA Maryland will continue to advance policies and oppor- tunities that support a strong commercial real estate sector and a stronger Maryland.” Founded in 1985, CREDA MD serves the interests of members and member companies. MAREJ
PARSIPPANY, NJ — Re- source Realty of North- ern NJ (RRNNJ) , a leading
n e r s h i p (DPP) an- nounces the appointment of Monique Claiborne Cardwell as its next pres- ident and chief execu- tive officer, W
support sustainable growth. Hudak brings more than 18 years of experience in commercial banking and credit leadership. Since join- ing M&T Bank in 2007, she has held a range of roles across relationship manage- ment, credit underwriting, and enterprise transforma- tion. Most recently, she served as director of credit product delivery support in commercial administration, where she led initiatives to modernize credit pro- cesses, enhance risk gover- A nationally recognized economic development leader, Cardwell has 20 years of experience leading public- private partnerships, driving business investment and ad- vancing regional competitive- ness. She has built a career at the intersection of economic development, finance, gov- ernment and global business, by Search Committee Chair Desa Burton and the DPP Ad Hoc CEO Search Committee to identify a leader to advance the organization’s mission, execute its strategic priorities and build upon its strong foun- dation of supporting economic growth across Delaware.
leading complex initiatives that create jobs, attract capi- tal investment, and strength- en regional economies. Most recently, she served as president & CEO of Great - er Portland Inc., where she led the organization’s trans - formation into a high-per- forming regional economic development partnership. During her tenure, she strengthened relationships with business and govern- ment leaders, secured record public funding, expanded in- ternational partnerships and helped position the Portland region for long-term economic growth. MAREJ nance, and improve execu- tion across the commercial credit lifecycle. Further, Hudak served as a senior credit officer and relationship manager, sup- porting middle market clients and overseeing complex credit structures, portfolio manage- ment, and new originations. Hudak earned her MBA in Finance and Strategic Management from Villa- nova University and holds a Bachelor of Arts in Eco - nomics and Business from Lafayette College. MAREJ
ILMINGTON, DE — Delaware Prosperity Part-
commercial real estate brokerage firm based in Morris County, has we l comed Rylie Lake as its newest sales associ-
Rylie Lake
ate. Since joining the firm late last year, Lake has closed a number of notable transactions including four new leases total- ing more than 23,000 s/f, sig- naling a strong trajectory for both his career and the firm’s expanding regional footprint. Demonstrating an astute ability to manage complex assignments, Lake recently represented the sub-tenant, an apparel distributor, in a 15,000 s/f warehouse sublease transaction in Plainfield. Additionally, Lake served as the sole broker – acting as both the listing agent and tenant representative – in a 4,000 s/f lease at 119-121 S. 15th St. in Newark. Lake also secured 4,000 s/f of industrial space at 239 6th Ave. in Paterson for a rapidly growing wall panel distributor. Further demonstrating his versatility across asset types, Lake recently represented a wellness studio in a small office lease transaction in Rockaway.
Monique Claiborne Cardwell
effective September 14, 2026. She will report to the DPP Board of Directors. Cardwell’s appointment follows a thoughtful and com- prehensive national search led
M&T Realty Capital Corporation names Hudak business strategy & transformation director
RADNOR, PA — M&T Realty Capital Corpora- tion (M&T RCC) has named
Sarah Hu- dak business strategy & transforma- tion director. In this role, Hudak is re- sponsible for shaping the long-term di-
Sarah Hudak
rection of the business, leading strategic planning and capabili- ty building to strengthen RCC’s competitive positioning and
NAIOP becomes the Commercial Real Estate Development Association (CREDA)
Stewart Title Guaranty Company welcomes Zanelotti, LaVeck and Dolphin to Mid-Atlantic Commercial Division
BALTIMORE, MD — NAIOP announced that it is now called the Commer-
BALTIMORE, MD — Stewart Title Guaranty Company has announced the addition of Joseph “Joe” Zanelotti as commercial un- derwriting counsel and Kris- ten LaVeck and Antwan M. Dolphin as commercial paralegals in its Mid-Atlantic Commercial Division. In their roles, Zanelotti, LaVeck and Dolphin will support the division’s com - mercial operations, working closely with attorneys, un- derwriters and clients to help move transactions forward efficiently and manage risk across complex deals. Zanelotti, who will work out of the Washington, D.C. office, brings more than a decade of experience in real estate, title and litigation. He most recently served as a litigation attorney at BWW Law Group, representing mortgage ser- vicers and secured parties in
cial Real Estate De- velopment Association (CREDA) , a new name that builds on the as- sociation’s longstanding
Joe Zanelotti
Kristen LaVeck
Antwan M. Dolphin
Sean Doordan
real property matters. Joining Zanelotti in the D.C. office, Dolphin brings more than 20 years of experi- ence supporting commercial real estate and corporate transactions. Most recently, she served as a paralegal with Walsh, Colucci, Lube - ley & Walsh, P.C., where she reviewed title commitments and surveys, managed com- plex real estate transactions and drafted documents related to commercial development projects. In the Baltimore office,
LaVeck joins the commercial team after most recently serv- ing as a senior paralegal at WilmerHale in Washington, D.C., where she supported congressional investigations and strategic response mat- ters, led paralegal teams and managed large-scale docu- ment productions. She previ- ously worked with the Office of the Federal Public Defender for the District of Maryland, supporting attorneys across a range of cases and helping implement new discovery technologies. MAREJ
industry leadership while positioning it for the future. The Maryland Chapter - com - prised of nearly 400 members working for commercial real estate development companies, brokerage and law firms, archi - tectural and interior designer groups, and other entities serving the industry - is now known as CREDA Maryland - The Commercial Real Estate Development Association. “For decades, NAIOP Mary - land has represented the in- terests of Maryland’s commer -
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