10B — March 18 - April 21, 2022 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
CRESD Abreaks the diversitybarrier inCRE
By Dana Reynolds, The Holder Group CREW NJ Hosts LeadershipPanel Discussion
followed suit; CBRE appointed a chief responsibility officer in 2020, Cushman and Wakefield similarly appointed its first chief diversity, equity, and inclusion officer and many more. Inclusion initiatives are nec- essary progress towards a more equitable industry, and yet only part of the equation. Another component involves supplier diversity and the purchasing power of corporations employ- ing commercial real estate services. Supplier diversity and inclusion (SD&I) programs are popular within large corpora- tions, but to date their reach has been minimal in the com- mercial real estate space. In part, these SD&I programs have historically overlooked the professional services category, such as real estate brokerage. In addition, it can be cumber- some to find and vet adequate, diverse real estate service providers capable of handling multimarket mandates. “We hope through this busi- ness model we can enact real change , ” shared CRESDA founder Nancy Glick , “CRES- DA members will band together to break barriers in the commer- cial real estate industry.” MAREJ
FLORHAM PARK, NJ, — New commercial real estate organization CRESDA (Com-
m e r c i a l Real Estate Supplier Di- versity Al- liance) aims t o advanc e diversity in the commer- cial real es- tate industry
M
ONTCLAIR, NJ — The Next Gen- eration Group of
try, establishing credibility, gaining confidence, learning how to network, and juggling personal and professional re- sponsibilities. “It was an excellent event and great opportunity to learn from titans of the industry,” Rosenkrantz said. “The Next Generation Group will con- tinue to host events to inspire, connect, and educate young professionals.” MAREJ ficked areas. Currently vacant, 184 Rte. 22 East’s sizable lot space and favorable location made it a highly sought-after property among institutional real estate investors, private buyers and potential developers. The buyer, a neighboring owner, plans to demolish the ex- isting structure to construct ad- ditional parking space. MAREJ
CREW NJ , led by Courtney Rosenkrantz , held a virtual event featuring a panel of top women professionals in com- mercial real estate earlier this month. The “Learning from Leaders” panel was organized to help young professionals learn from the experiences of women well established and successful in their careers. Speakers included Mindy Lissner of Cushman & HILLSIDE AND KEARNY, NJ — NAI James E. Hanson has negotiated the sale of a 28,000 s/f industrial building located at 184 Rte. 22 East in Hillside. NAI James E. Hanson’s Eric Demmers and Russel Ver- ducci, SIOR , represented the seller, Certified Processing, in the transaction with Madison
Wakefield, Elisa Buckley of Walsh Environmental Solutions, Erica Godun of Ware Malcomb, Rebecca Machinga of Withum, Jen- nifer Mazawey of Genova Burns, Jackie Giordano of Dynamic Engineering Consultants, and Debra Tantluff of TANTUM . The panel covered a variety of topics including working in a mostly male-dominated indus- Exchange, LLC / HYK LLC. 184 Rte. 22 East is a 28,000 s/f industrial building sitting on 1.41 acres of land. Conveniently located nearby major transpor- tation arteries including I-78, Rte. 9, and the Garden State Pkwy., the property’s central location allows for direct access and prime visibility to some of the region’s most highly traf-
Nancy Glick
through its national member base of certified diverse com- mercial real estate companies. CRESDA will simplify the process of sourcing diverse commercial real estate service suppliers for Fortune 500 com- panies nationwide. Lack of diversity in the com- mercial real estate industry has been under increased scrutiny over the past few years and past 18 months as the US faces a national reevaluation of inequi- ties. The last year and a half has seen some of the largest players in global real estate prioritize these issues, with Blackstone, the largest global landlord, appointing a Global Head of Diversity, Equity and Inclu- sion (DE&I) for the first time in June 2021. Many others have
NAI James E. Hanson negotiates sale of 28,000 s/f industrial building
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