22A — January 11 - 24, 2013 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
P eople on the M ove
District III Fee Arbitration Committee Stockton appointed to the NJ Supreme Court
AR S I P PANY, N J — Transwestern an- nounces that Mary Bry- Commercial real estate veteran Bryant joins Transwestern as operations manager P
HADDONFIELD, NJ — Kathleen Stockton , a part- ner in the Archer & Grein- e r ’ s Had - donfield of- fice has been appointed by the New Jer- sey Supreme Court to a three - year term as vice chair of the District III Fee Arbitration Committee. As an alternative to court Kathleen Stockton LIVINGSTON, NJ — Jarmel Kizel Architects and Engineers, Inc. an- nounces the appointment of Sarah Reitelman-Lieber- man, RAas a project architect. In this role, Lieberman will provide architectural design services for many of the firm’s high-profile projects—from interior fit-ups to ground-up developments. Lieberman is a registered architect with over 14 years of experience in several project types from design consultation market was near void of available product. Going against convention of starting a marketing process during the fourth quarter, a number of firms took advantage of this ab- erration and put properties out to bid. This resulted in a flurry of late-year opportunities. Looking back at 2012, 51% of the sales volume was related to class A communities; however, the bulk of the transactions (16 of the 19 sales) were class B and C assets. Institutional-qual- ity communities with walking distance to mass transit and a central business district are consistently trading at sub- five cap rates. The most active investors for this asset class in 2012 were institutional advi- sors and REITs. Demand for class B assets is growing and has created very aggressive pricing (trading at cap rates in the fives). This is especially true for properties in dense, infill areas and those positioned for turnaround. We are see- ing significant demand for B properties from high-net-worth private investors. Looking forward, we an- continued from page 17A
action, the Supreme Court of New Jersey has created 17 district fee arbitration com- mittees, organized geographi- cally, which use binding ar- bitration to resolve disputes over legal fees. District III covers Ocean and Burlington counties. Stockton concentrates her practice in all areas of family law, and has significant ex- perience in divorce, custody, child support, domestic vio- lence, pre-nuptial and adop- tion matters. n through final construction bid documents. She has strong experience in problem solving, construction document coordi- nation, planning and specifica- tion writing. Previously, she served on Board of adjustment for township of Springfield, New Jersey, and has held posi- tions with several NYC firms including SLCE Architects, Ismael Leyva Architects and Castro-Blanco Piscioneri & Associates, as well as the U.S. Postal Service Design and Con- struction department. n ticipate that 2013 investment activity will mirror 2012, with a steady but measured pace of assets coming onto the market throughout the year. The avail- ability and attractive terms of financing has played an important role in supporting investment sales activity and value appreciation. Provided the current debt environment remains status quo, we believe that will influence cap rates to hold their current levels. What trends are we watch- ing? The stepped-up debate on the rent ceiling for class Amul- tifamily as rents are increasing faster than income levels. It remains unclear at what point renters-by-choice will shift from stretching for class A product they can’t afford to ei- ther purchasing a home or set- tling for higher-quality, class B product. We see that trend being a boon for class B assets that can be upgraded and are located near mass transit. Brian Whitmer, is senior director of the Metropoli- tan Area Capital Markets Group Cushman & Wake- field in East Rutherford, NJ. n
James Postell , principal of Transwestern’s New Jersey of- fice. “She is highly experienced in how to create new avenues of opportunity through strategic marketing efforts and the assem- blage of top-tier infrastructure. Having had the opportunity to work with Mary previously, I am confident she will be a valuable addition and resource to Transwestern’s Northeast Region and will contribute to our ongoing success.” Bryant joins Transwestern from CBRE, Inc., where she most recently held the role of New Jersey’s research manager and oversaw all market research activities for the office and in- dustrial sectors. During her tenure at CBRE, she was recog- nized for her contribution with the 2011 CBRE National “Big Win” Award. Previously, Bryant
served as business manager at Trammell Crow Company, which was eventually acquired by CBRE. During her time at Trammell Crow Company, Bry- ant was responsible for the New Jersey office’s operations, tal- ent development, finances and procurement programs. Earlier in her career she also managed operations in the hospitality, meeting planning and media production sectors. “Transwestern is a highly ac- complished firm that continues to strengthen its reputation through a steadfast dedication to providing clients with high- level service and tailored solu- tions,” said Bryant. “I’m looking forward to being a part of the New Jersey team and support- ing the region’s growth strategy to enhance its strong position in the marketplace.” n
ant has joined the firm’sNew Jersey office as operations manager. Bry- ant, a com- mercial real estate indus- try veteran, will manage
Mary Bryant
the day-to-day operations of the New Jersey office, with a special focus on supporting the firm’s brokerage professionals in the pursuit of business development opportunities that will drive Transwestern’s continued expan- sion throughout the Northeast. “Mary is a consummate profes- sional with immense knowledge of the New Jersey commercial real estate landscape,” said PATERSON, NJ — In the spirit of giving back, the New Jersey Future Leaders group at commercial real estate services firm Cushman & Wakefield, Inc. recently spent a day vol- unteering at Eva’s Village in Paterson. Eva’s Village is a comprehen- sive non-profit social service or- ganization and one of the largest and most respected anti-poverty programs in New Jersey. Found- ed in 1982, it initially served as a small neighborhood soup kitchen. Today, Eva’s Village serves 350 hot lunches, 365 days per year to the homeless and the working poor. It also provides a wide range of services, including food, shelter, substance abuse treatment, primary medical and dental care and a variety of transitional and permanent housing options. Cushman &Wakefield Future Leaders is a national network- ing initiative involving the firm’s mid-level brokerage profession- als. Part of its mission involves supporting local philanthropic SOMERSET, NJ — Unity Bank has opened a new full- service branch at 120 Cedar Grove Lane in the Somerset section of Franklin Township, its second Somerset County branch and 15th overall. Locat- ed in the Cedar Grove Centre strip mall at the intersection of New Brunswick Road, Unity Bank has leased a pre-existing bank building that was vacant
Lieberman joins Jarmel Kizel as project architect
Cushman & Wakefield Future Leaders supports Eva’s Village - anti-poverty organization
New Jersey multifamily strong and steady heading into 2013 . . .
Shown from left: Josh Cohen, Christian Politan, Jon Williams, David DeMatteis, Jason Tenenbaum, Maggie Graham, Ben Brenner and Dan Johnsen comprised the team, which prepared and served food for more than 300 people in need
organizations. According to Johnsen, Eva’s Village was an obvious choice for the New Jer- sey group. “We did a lot of research and were so impressed with this organization,” he said. “Eva’s Village is a huge endeavor that relies heavily on the community for assistance. More than 50 percent of funding for its multi- million-dollar annual budget is for two years. “We are very excited to be opening a branch in Somerset as it fits in perfectly with our existing service footprint,” said Unity Bank president & CEO James A. Hughes . “Geographically, the branch fits nicely between our exist- ing branches in Middlesex and Highland Park. We also felt there was a need in the local
provided by private individuals, churches, civic groups, foun- dations and businesses. And hundreds of volunteers serve in Eva’s Kitchen like we did, while others donate food and supplies, provide in-kind services, and conduct fund raising programs. We look forward to Cushman & Wakefield Future Leaders being part of this great effort in the months and years ahead.” n area for a community bank- ing option, as opposed to the large bank experience, so it was a strong match for Unity Bank.” The full-service branch pro- vides, drive-upATM and teller windows, safe deposit boxes, night depository and coin counting machinery, as well as a Unity Café with beverages and Internet access. n
Unity Bank opens new full-service branch in Somerset
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