14A — September 25 - October 15, 2020 — M id A tlantic Real Estate Journal
P eople on the M ove
HORT HILLS, NJ , — Charles Kavanagh , executive vice presi - Serves as principal of company Kavanagh of The Blau & Berg Co. receives SIORdesignation S
Mario Brunelli named VP & principal at R.J. Brunelli &Co.
expansion of a medical prod- ucts company, arranging 14 leases for retail sites as well as the purchase of a warehouse. . He began working full-time at the firm founded by his father, Richard, after graduat- ing from Florida International University in 2012 with a bachelor’s degree in business administration. Prior to that, beginning at the age of 18, he spent summers at R.J. Brunelli performing market analysis research, studying occupan- cies at properties on retail corridors throughout New Jersey. Brunelli earned his New Jersey real estate license at the age of 18 and his Florida license at 22. With this promotion, Brunel- li joins his father, sister Dani- elle (president) and CEO Ron DeLuca as principals of the firm, which was founded in 1975. Brunelli and DeLuca became principals along with Richard Brunelli in 2010 when the firm became an LLC. In 2015, her father was elevated to Chairman, Ms. Brunelli was named president, and Mr. DeLuca was appointed CEO. “It gives me great pleasure to know that with Danielle and now Mario in ownership posi- tions, the next-generation is firmly in place to continue and expand the relationships RJB- CO has enjoyed in the retailing, restaurant, personal services, management/development and real estate investment commu- nities,” said Richard Brunelli. “Mario has worked very hard to earn this promotion. He genuinely loves what he does, has a thirst for knowledge and takes great pleasure in shar- ing that knowledge to advance clients towards achieving their investment goals.” MAREJ
OLD BRIDGE, NJ — R.J. Brunelli & Co. , LLC an- nounced that Mario Brunelli
has been ap- pointed vice president of inves tment sales and de- v e l o pme n t site acquisi- tions, as well as a principal in the retail real estate brokerage.
SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. It is an honor for Charles to join our other Blau & Berg brokers in this prestigious group. Kavanagh started his career with Berg Enterprises’ Indus- trial Division before becoming The Blau & Berg Company. Prior to the commencement of his real estate career, he was admitted to the New Jersey Bar and worked in the construction industry. He has represented a sundry of clients pertaining to site selection, ac- quisition, disposition and new construction projects, in and outside of New Jersey.
“For almost 50 years, he has honed his craft. As a princi- pal, friend and colleague, we are fortunate to add him to our network and I am proud to welcome him into the So- ciety of Industrial and Office Realtors organization. SIOR continues to work together to foster and strengthen the mission and vision of its orga- nization which is to inspire the real estate industry via people like Charles Kavanaugh, con- necting others by means of our market knowledge and the opportunities we continuously deliver,” said Jason Crim- mins , incoming president of SIOR’s New Jersey Chapter for 2021. MAREJ “Newmark has built a plat- formunderpinned with services and professionals who under- stand essential value creation and the stabilization of real estate of all kinds,” said Al Petrillo. ”The company’s leader- ship and its mission to promote an entrepreneurial culture that rewards its businesses for col- laborating across markets and disciplines is a significant draw. Newmark’s desire to scale cli- ent solutions aligns perfectly with client goals in the indus- trial and logistics space.” “Industrial and logistics com- panies are among the largest disruptors driving the global economy, and new classes of manufacturers, aggregators, distributors and retailers are changing the world and how we interact. As a result, older-line companies have been forced to innovate and evolve their own businesses, requiring a new breed of advisor – with both focus and depth to tackle the core is- sues said Adam Petrillo. MAREJ
dent of The Blau & Berg Company , a commercial real estate b r o k e r a g e f irm in the New Jersey and Tri-State a r e a , w a s
Brunelli, 32, most recently served as an investment sales specialist/sales associate at the Old Bridge-based firm. As a licensed real estate broker in New Jersey and Florida, he sold more than $100 million of commercial properties in those states during the last five years alone. Those deals, which included a number of 1031 Ex- changes, ranged fromneighbor- hood shopping centers to single tenant net leased properties oc- cupied by such tenants as Auto Zone, Dollar General, Dollar Tree, Family Dollar, 7-Eleven, and Walgreens. His 1031 Exchange activity was highlighted by his role in developing a strategic plan for SMA Associates, a New Jersey entity that used the tax-free proceeds from its share of the 2017 sale of The Grove at Shrewsbury lifestyle center to immediately invest double that amount in a diverse portfolio of retail properties in Florida and Georgia. The acquired sites included a shopping cen- ter anchored by Best Buy and Barnes & Noble, as well as four single-tenant buildings occupied by Dollar General and Family Dollar. In his capacity as a tenant representative for the firm, Brunelli handled the Florida
awarded the SIOR (Society of Industrial and Office Realtors) Designation. SIOR is one of the leading global pro- fessional office and industrial real estate associations. With more than 3,400 members in 686 cities and 38 countries,
Chris Koeck (NJ) and Steve Korfiatis (NJ) as managing di- rectors. Each of the individuals Newmark Group announces 11 industrial hires director Phil Brodkin , who oversees Newmark’s Industrial platform. “Bringing on these proven, globally-minded in- dustrial experts complements Newmark’s multi-dimensional platform.” NEW YORK, NY — New- mark Group, Inc. announced the addition of eleven key in-
dustrial real estate profes- sionals to its offices across North Amer- i c a . Th e s e advisors spe- cialize in sup- ply chain and logistics real
joinNewmark from Savills. “Thi s im- portant step f ur t he r e l - evates New- mark’s indus- trial practice and provides a valuable en-
estate and advisory for blue chip clients, including Fortune 500 corporations and global leaders in third-party logistics. As e-commerce, supply chain and logistics trends continue to shape and change the global landscape, the addition of these full-service professionals in the Rutherford, NJ; Irvine, CA; Dallas, TX; Miami, FL and Toronto, ON offices bolsters Newmark’s industrial presence in key markets. Al Petrillo (NJ), Adam Petrillo (NJ), Craig Engel- hardt (NJ), Tom Carragher (NJ), Jeff Cannon (CA), An- drew Morrow (CA), Blake Anderson (TX) and Steve Levine (FL) join the company as executive managing direc- tors; Brian Prevoe (ON) as senior managing director; and RADNOR, PA — CBRE announced that BradRuppel has earned the title of execu- tive VP. Ruppel, who is based in the firm’s Radnor office, has more than 15 years of experi- ence in the commercial real estate industry, representing institutional and private eq- uity clients in the acquisition as well as the disposition of
hancement to our integrated platform,” said Newmark’s CEO Barry M. Gosin . “North America’s industrial supply chain and logistics are essen- tial components of the global economy; the industry is closely tethered to retail, capital mar- kets and many other sectors. We remain committed to strate- gic growth in key service areas.” “The gravity and influence of e-commerce in the current climate is intensifying de- mand for logistics real estate. As the market demands more resilient supply chains and diversified manufacturing loca - tions through near-shoring or last mile industrial space, the need for logistics real estate in the long term will increase significantly,” said executive vice president and managing
Sheldon Gross Realty sponsors IOREBA 18th hole
MORRISTOWN, NJ — The 18th Hole at the annual golf outing of the Industrial and Office Real Estate Bro - kers Association (IOREBA) , Sheldon Gross Realty spon- sored the 18th hole. Held at the Morris County Golf Club inMorristown, the event raised funds to support IOREBA’s multiple educational and net- working events. “For commercial real estate professionals in the northeast, this association is a remark- able resource,” said Sheldon Gross Realty executive vice president Jonathan Glick , an IOREBA broker who partici-
income-producing properties and development opportuni- ties. Ruppel, who partners with Michael Hines, Brian Fiu- mara, Bo Cashman, Jona- than Beard and Lauren Dawicki , completed 59 in- dustrial transactions in 2019, totaling 42.2 million s/f and representing $3.8 billion in total value. Ruppel is also a member of CBRE National Partners, which is comprised of 32 in- dustry leaders in a partnership model. They deliver superior in- formation, analytics and strat- egy to serve clients throughout the industrial investment prop- erty life cycle and across the capital stack. MAREJ CBRE promotes Ruppel to executive vice president
pated in this year’s golf outing. “So, our company is pleased to support this event with a hole sponsorship. We see it as a way to contribute to our entire industry.” MAREJ
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