6B — July 31 - August 13, 2015 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
www.marejournal.com
O wners , D evelopers &M anagers Plans to renovate interiors & upgrade common areas 2,226-unit Somerset Park acquiredbyTheSolomonOrg. T
Commercial Real Estate is COMING BACK & it's COMING BACK
ROY, MI — The Solo- mon Organization , based in Summit, NJ, acquired Somerset Park, a community of 2,226 apart- ments with a 9-hole golf course in Troy, a suburb of Detroit, MI. Somerset Park was devel- oped in the mid-1970s just off Big Beaver Rd. and is adjacent to the Somerset Collection, a luxury regional shopping mall as well as the Somerset Hotel, a Whole Foods grocery store and several notable office buildings. “Somerset Park fits perfectly
Market your Green Building Products and Services in the Green Buildings Section of the Mid Atlantic Real Estate Journal. For more information please call Steve Kelley 781-871-2582 x 205 Submit Green News and Press Releases to: skelley@marejournal.com
Somerset Park
into our long-term strategy of identifying properties in excellent locations that can be
improved for this generation’s selective apartment dwellers,” said Marc Solomon , founder of the 38-year-old company. “Detroit’s recovering economy and excellent prospects proved very appealing to us and we are fortunate to add this excel- lent property to our portfolio.” Solomon has plans to reno- vate apartment interiors and upgrade common areas includ- ing the recreational facilities. n Matan Companies announces two executive hires
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FREDERICK, MD — Matan Companies an- nounced recent additions to the company’s executive team. Meredith Roark was ap- pointed director of opera- tions and Laura Murrer was named senior asset manager. “We are thrilled to welcome Meredith and Laura aboard during this exciting period of growth for the company,” said Mark Matan , principal for the Matan Companies. “Their leadership skills and expertise will be valuable assets to our team and will strengthen the company’s strategy and opera- tions.” Roark comes to Matan with over 20 years of experience in the commercial real estate industry. Most recently, Roark worked as JLL’s regional direc- tor for the Mid-Atlantic region. Murrer brings more than 21 years of commercial real estate experience, most recently serving as asset manager for Foulger-Pratt . n
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