EWYORK, NY — The Community Pres- ervation Corpora- N Company honors New York HPD and State of NY Mortgage Agency TheCommunityPreservationCorporation invests $10B in communities since 1974 the creation and preservation of 45,000 units of affordable housing.
ISSUE HIGHLIGHTS Volume 30, Issue 22 Nov. 23 - Dec. 13, 2018
to call this space their home. Amdocs has been develop- ing software in Cybercity of Magarpatta for the last decade. Be- cause options in the exist- ing market are extremely tight, Amdocs would have been forced to look at new construction if this lease was not renewed. This transaction was the largest office lease renewal in Pune’s history. Nick Jacobs of JLL’s Pittsburgh office rep- resented Amdocs, Inc. in this transaction. Jacobs has represented Am- docs’ global real estate transac- tions since 2013. He is respon- sible for leading global real estate acquisitions and dispo- sitions on behalf of Amdocs. Nick Jacobs have worked with our partners to invest in the places and the projects where we can be the most effective in revitalizing underserved communities. And, while much has changed since 1974, there will always be a need for a company like CPC that is committed to helping our public and private partners solve their most pressing hous- ing and community revitaliza- tion challenges,” said Rafael Cestero , president & CEO of CPC. “Tonight, I’m excited about what the next $10 billion will look like, and encouraged to know that as CPC grows, so too does our ability impact the physical, social and economic outlook of the communities we serve and the people who call them home.” “For the last four decades CPC has been a first-in source of stable capital for under- served communities. When others wouldn’t lend because of the risk, CPC was there and committed to its mission of community revitalization,” said Alan Wiener , Lead Indepen- dent director of CPC’s Board of
Directors. “By any standard, a $10 billion investment in hous- ing is something to be proud of, but we must do more. With cities large and small facing critical revitalization and de- velopment challenges, there is still an enormous need for the sort of patient capital and unique expertise that CPC can provide.” “Citi congratulates CPC on this significant milestone and is proud to be a lending partner of CPC in support of its work to strengthen and revitalize communities through invest- ments in housing,” said Jer- emy Johnson , co-head of Citi Community Capital . CPC began working with HPD when the city agency was founded in 1978, and the two have long shared a mission to solve the serious problems facing New York City’s neigh- borhoods by making invest- ments in housing that would strengthen and stabilize com- munities. Over their more than four decades of work together - CPC and HPD have deployed a combined $3.1 billion to finance
tion (CPC) , a l e a d i n g n o n p r o f i t a f f o r d a b l e housing and c ommun i t y r e v i t a l i z a - tion finance c o m p a n y , was joined by
“For 45 years, CPC has been at the forefront of the City’s efforts to create and preserve affordable housing," said New York City Department of Hous- ing Preservation and Develop- ment Commissioner Maria Torres-Springer . "While the nature of the housing crisis has changed over the years, CPC has been a steadfast part- ner throughout, continuing to play a transformational role in neighborhoods across New York City, with investments in affordable housing that anchors both individuals and communi- ties. On behalf of everyone at HPD, I want to congratulate CPC on this significant mile- stone, and look forward to working together to ensure that this is the type of city where safe, affordable homes are with everyone’s reach.” CPC was founded in 1974 as a direct response to the issues of property abandonment and blight that New York City was facing at the time.
MAREJ EVENTS November 29 New Jersey Medical Properties Conference For speaking and sponsorship information, please contact: Lea at 781-740-2900 or email@example.com CONSTRUCTION MANAGEMENT 9-18C PROFESSIONAL SERVICES 5-18A HEALTHCARE/ MEDICAL PROS. 19-26A NY ICSC DEAL MAKING Section B
hundreds of its borrowers, lend- ing and government partners and others to celebrate the company having deployed more than $10 billion dollars since its founding in 1974, and the impact that investment has cre- ated in communities. As part of the celebration, CPC recognized both the NYC Department of Housing Preservation & De- velopment (HPD) and the State of New York Mortgage Agency (SONYMA) with a government partnership award for their de- cades of work together and com- mitment to making investments in housing that strengthen and stabilize communities. “Over the last 44 years we
Jacobs of JLL’s Pittsburgh office completes 750,000 s/f, $72M renewal and expansion on behalf of Amdocs
PUNE, INDIA — JLLPitts- burgh successfully completed a 750,000 s/f, $72M renewal and expansion on behalf of leading software and services provider Amdocs in Pune, India. As a re- sult, more than 40% of Amdocs’ employees are able to continue
Professional Services........................................5-18A Healthcare/Medical Properties. .....................19-26A Business Card/Billboard Directory..................30-31A Organization Events Calendar..............................32A Shopping Centers....................................... Section B Owners, Developers & Managers............... Section C
Upcoming Spotlights LENDER’S DIRECTORY www.marejournal.com
Additionally, Nick and his team have closed a number of other exciting deals for their JLL clients including a new 30,000 s/f class A office transaction in Seattle, Washington, a 20,000
s/f office renewal in Herndon, VA, and a 45,000 s/f renewal in Ottawa, Ontario, Canada, with more than a dozen other active transactions currently underway.
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