26B — October 16 - 29, 2015 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
P eople & C ompany N ews
Will focus on waterfront and multi-family properties Mack-Cali’s new leadership announces three year plan
CW Solutions promotes two to senior positions
experience in land title and ownership records. Myhre started at CW So-
EASTBRUNSWICK, NJ — CW Solutions , a national real estate services firm focusing on the wireless telecommu- nications and utility indus- tries, has pro- moted Ryan Sikorski to real estate pro j ect ad- ministrator, and Kjersti Myhre to senior land research associate. Sikorski began his career at CW Solutions in 2014 as a land research specialist. His promotion is a result of his industry knowledge and com- mitment to client satisfaction. His new position will involve supporting various real estate activities for utility and wire- less projects. Previously, he was employed by Eagle Land Services as a title searcher. Sikorski has seven years of Ryan Sikorski
DISON, NJ — Mack- Cali Realty Corpo- ration announced a comprehensive three-year strategic initiative entitled 20/15 that represents a major step in the transformation of the company’s portfolio. The company’s new executive leadership, which took over operations just 100 days ago, will outline the directional shift at a meeting and webcast for investors and analysts, and in a detailed form 8-K. Under the direction of chief executive officer Mitchell Rudin , and president Michael DeMarco , Mack-Cali will transform it- self into an owner of water- front and transit-oriented office properties and a regional owner of luxury multi-family properties. “Our team is committed to unlocking value for our stakeholders by refocusing the company to take advantage of our class A assets and expand- ing our luxury multi-family holdings,” said Mitch Rudin. E
“People today want to live, work, and play in the same area. They want transit op- tions – how they get to work is almost as important as where they work. Changes we are making to our portfolio and improvements we are making in our efficiency will create a sleeker, more responsive company that is better able to achieve its long-term goals and meet the future needs of our tenants and residents.” Mack-Cali plans to focus on “Gold Coast” waterfront properties in Jersey City, Weehawken, Hoboken, and West New York. As part of the process, the company has identified approximately $600 million to $800 million in as- sets that it will dispose to fund its capital plan. “Our actions over the last 100 days are just the be- ginning of a company-wide overhaul designed to create value, while continuing to enhance transparency and disclosure for our investors,” Join IOREBAmembers and guests for an informative dis- cussion on the latest technol- ogy trends and tools currently under development and mak- ing their way into the com- mercial real estate industry. See why professionals in this industry are beginning to wit- ness how the technology boom is starting to effect and influ- ence commercial real estate
said Mike DeMarco. “We will be disciplined in our approach to allocating capital and man- aging our balance sheet to ensure the maximum amount of earnings growth and drive our stock price to over NAV.” Mack-Cali’s multi-family subsidiary Roseland will be transferred to a distinct sub- sidiary – Roseland Property Trust (RPT) – which will en- able enhanced portfolio per- formance disclosure. RPT will execute development, construc- tion, financing, and property management while building out andmonetizing a geograph- ically diverse portfolio. This will include the strategic re- purposing of select Mack-Cali office holdings to multi-family use. The residential portfolio currently includes 6,826 units that are either operating or are “in-construction.” By 2018, the new plan calls for that number to more than double, to approximately 14,843 total residential units operating or “in-construction.” n brokers, owners, developers, investors and tenants alike. Also learn about new software and technology platforms that can help commercial real es- tate professionals be on top of their game. The discussion will be led by Aaron Block , co-founder and president of MetaProp-NYC , a new investment business that focuses on investing in new technology-driven real- estate businesses. n
l u t i o n s i n 2013 a s a right-of -way and land re- sear ch as - sociate. She held the po- sition of real estate coordi- nator prior to
Kjersti Myhre
her promotion. Before joining CW Solutions she was em- ployed by 123 Title Agency in Florham Park. Myhre has 20 years of experience in re- searching and analyzing resi- dential and commercial title, as well as with administrative work for large-scale projects. Her concentration for the past seven years has been with title for telecommunications projects on a nationwide level and utility work within the State of New Jersey. n quisition and development opportunities in the eastern United States. He will also focus on pursuing national build-to-suit opportunities with key Dermody Properties customers. Prior to joining Dermody Properties, Zygler led the de- velopment of eight million s/f in industrial projects through- out North America. Most re- cently, Zygler served as vice president of development at KTR Capital Partners. n “The pharmaceutical and healthcare industries are ma- jor economic drivers in New Jersey, and we are intent on building out a sophisticated practice to meet the real es- tate needs of companies in these key industries,” said Heller. “The healthcare man- agement experience that Bob brings to the firm will sig- nificantly aid our ability to provide high-level solutions to companies in these sectors.” Prior to joining Avison Young, Gordon worked for five years as a management consultant with APM Man- agement Consultants, where he advised on mergers and other strategic projects for major hospital systems. n it expands its healthcare prac- tice into an industry-leading platform that provides a full range of real estate services to healthcare tenants, buyers and owners.
Dermody Properties hires SVP CHATHAM, NJ — Der- mody Properties has hired Jeffrey Zygler as the com-
pany’s senior v i ce pres i - dent, capital deployment, in the East Region Office in Chatham. Zyg l e r i s responsible for the iden-
HLW celebrates one year in New Jersey MADISON, NJ — HLW International (HLW) is celebrating the one-year an- niversary of its New Jersey office, established to provide the firm’s exceptional service to a longstanding and increas- ing client base in the local New Jersey market. “We’re thrilled to have reached the milestone of one year in New Jersey. Our clients brought us to New Jersey, and we’re here to stay. With the strength of our team and the resources of HLW and its New York office, we’re confident that HLWNew Jersey will continue to execute innovative projects in a variety of sectors for many years to come,” said Kimberly Sacra- mone , principal at HLW and managing director of the New Jersey office. HLW’s team is distinguished by their commitment to an in- dividualized approach through seamless interaction and in- novative solutions tailored to each project. HLW New Jer- sey’s Strategy and Discovery team enables the firm to de- liver on its mission statement “Our Work Tells Your Story,” executing projects geared towards the specific needs of each client. HLW’s Strategy and Discov- ery group and design teams have extensive knowledge of how to best help companies reflect their values through design. With increasing fre- quency, brokers are reaching out to HLW for the firm’s in- sight into repositioning build- ings for tenants of the future. HLW New Jersey’s ability to partner with building owners and brokers during the reposi- tioning process provides a valu- able service to a market with many properties ready to be repurposed and repositioned. “Our New Jersey office has thrived in the year since its founding, thanks largely to our strong client relation- ships and loyalty to the New Jersey market. Our team has focused its abilities on suiting the needs of the New Jersey market and beyond, bringing the full power of HLW to every project we work on,” said John Gering , managing partner at HLW. The New Jersey office has allowed HLW to expand into a new market, and the New Jersey team looks for- ward to a future of continued success in the area. n IOREBA’s hosts Fall Kick-Off Event PISCATAWAY, NJ — The Industrial and Office Real Estate Brokers As- sociation of the New York Metropolitan Area (IORE- BA) announced it will host its Fall Kick-Off Event, the Technology “Disruption” of Commercial Real Estate on Wednesday, October 21st at the Renaissance Woodbridge Hotel in Iselin. The event is also part of NYC Real Estate Tech Week 2015, a series of real estate technology-focused events.
Jeffrey Zygler
tification, underwriting and execution of industrial ac-
Gordon joins Avison Young’s NJ office as Senior VP, Consulting & Advisory
MORRISTOWN, NJ — Jef frey Hel ler , Avison Young principal and manag- ing director of the firm’s N e w J e r - sey o f f i c e , announced t h a t B o b Gordon has joined Avi- son Young as a senior vice president of consulting and advisory. Effective immediately, Gor- don will work with Avison Young to help grow the firm’s New Jersey real estate prac- tice focusing on the state’s healthcare sector. Drawing upon more than a decade of experience at large manage- ment consulting firms, Gordon will work primarily on busi- ness development, focusing on building the firm’s medical client base in New Jersey as Bob Gordon
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