8A — January 21 - February 17, 2022 — M id A tlantic Real Estate Journal
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M id A tlantic R eal E state J ournal
ALTIMORE, MD — In an expansion of its current leadership B Berman & Chandler expand current leadership team M&T Realty Capital Corp. names Edelman president
SVN Miller welcomes advisorMeredithMears
owners and investors, and privately operating companies across the globe. Mears is a dedicated and very active member in her community. She has served in a multitude of commu - nity leadership roles such as Regent for the University System of Maryland, Board Member of Leadership Mary - land, Board Member of the Maryland Economic Develop - ment Association and Board Member of Maryland Capital Enterprises, among others. In 2020, she was named a Top 100 Woman in the state of Maryland by The Daily Re - cord for her vast contributions in business, community, and mentoring. MAREJ the millennial cohort may have migrated to edge-city suburban markets during the pandemic in search of more space for their growing families, the first wave of Gen Z graduated college, secured high-paying remote-to-hybrid jobs and built up their savings while living with their parents during the pandemic,” said executive managing director Joseph Brecher . “Now that society is opening up, they are flood - ing the tenant pool to bridge already low vacancies in most Northeastern submarkets.” Keeping an eye on the fu - ture, Uranowitz said cap rate compression levels are ex - pected to continue into 2022, notwithstanding an antici - pated rise in interest rates in the coming months. Also, he reports single-family home - ownership remains elusive to many. “As borrowing costs become more expensive, rent - ers will stay in place to solidify occupancy levels – resulting in the continued upward tra - jectory of multifamily per - formance in the foreseeable future,” he said. MAREJ Pritchett, district manager, Greenix Inc. “In addition to downtown Bridgewater offer - ing exceptional visibility in terms of drive- and walk-by awareness, the township is perfectly suited as a central hub for dispatching service providers. As an example, New Brunswick is only a 20-minute drive, while Edison, Morris - town, and Woodbridge all are just 25 minutes away.” MAREJ
SALISBURY, MD — SVN Miller Commercial Real Estate is pleased to welcome Advisor Meredith “ Mer-
ry” Mears . Mears wi l l be based out of the Salis - bury of f i ce with a focus on the East - ern Shore. Mears is a commercial
team, M&T Realty Capital Corporation (M&TRCC) an - nounced that Michael Edel- man , previously group vice president, has been named president of the organization. In this new role, Edelman will report directly to M&T RCC CEO, Michael Berman, and will be responsible for external customer and capital relation - ships, including continuing his previous work leading the or - ganization’s relationships with Fannie Mae and Freddie Mac. Edelman, a six-year veteran of M&T RCC, will also focus on growing the FHA and the Life Co-Placement platforms as well as enhancing M&T RCC’s integration with M&T Bank. “Mike has been a key player in the lending arena for over
Merry Mears
Michael Edelman Michael Berman Christine Chandler
served as vice president man - aging Freddie Mac’s Northeast Region. In that role, he was responsible for lender develop - ment, managing a staff of over 25 professionals, overseeing a loan portfolio over $30 billion and annual origination volume of approximately $5 billion, in - cluding mixed-use properties, senior housing, co-ops, LIHTC and bond credit enhancements. Edelman’s new role is effec - tive immediately. MAREJ notary publics in New Jer - sey. LMC’s paralegals are vital in researching, reviewing and upholding quality control measures for commercial real estate leases as well as other complex forms and records. As corporate secretary, Garrity is also directly responsible for LMCmatters related to regula - tory and statutory compliance. “Our team at Levin is com - prised of a diverse and tal - ented group of experts across many disciplines,” Harding said. “We strongly believe in recognizing and rewarding outstanding performance and always take great pride in promoting from within. Stacy and Antoinette are ac - complished, highly detail-ori - ented team players and great examples of the dedicated, high-caliber professionals who are moving our company forward.” MAREJ the director of development for Roseland Residential Trust, where she maximized project efficiency through the facilita - tion and execution of technical and constructive administrative processes. Prior, she held the role of vice president of develop - ment at Mill Creek Residential Trust, where she oversaw the design and construction pro - cesses across a portfolio of high- value multifamily residential spaces. MAREJ
25 years, and we welcome his increased leadership role at M&T RCC, “said Berman. “I look forward to collaborat - ing with Mike and our chief operating officer, Christine Chandler , as the three of us and our team continue to grow our lending and servicing enterprise with the highest standards of excellence.” Prior to joining M&T, Edel - man held various roles at Fred - dieMac in NYC, and ultimately His 2021 transactional high - lights included leases with Ulta Beauty (St. Georges Crossing, Woodbridge) and German gro - cer Lidl (Mayfair Shopping Center, Commack, NY), both of which were cited by CoStar as second-quarter “Top Retail Leasing” deals. “E.J.’s professionalism, work ethic and impeccable client service make him a true asset to our company and the clients we represent,” said Matthew Harding , LMC’s chief ex - ecutive officer. “He has been a significant contributor to our leasing team’s impressive 2021 transactional volume – which has exceeded 1 million s/f of new leases, renewals/exten - sions and license agreements.” Key members of the LMC corporate team, Garrity, a resident of Colonia, N.J., and Puccia, of Green Brook, both joined LMC in 2010 and are
real estate advisor specializ - ing in industrial, medical, and retail properties, as well as land development. For over 20 years, Mears has worked with a client base that includes local and statewide govern - ments, commercial property of a prominent garden-apart - ment community recorded a $248,000+ per-unit price To the south, in the South Jersey/Greater Philadelphia Metro, Gebroe-Hammer’s mar - ket specialists’ sales activity spanned the following counties: • A t l a n t i c & C am - den County, NJ (2,194 units/$294.73) • Philadelphia County, PA (1,307 units/$139.87M) • Burlington County, NJ (324 units/$54.1M) •MontgomeryCounty, PA (227 units/$38.37M) • Delaware County, PA (227 units/$26.65M) • Bucks County, PA (152 units/$22.5M) Rounding out the firm’s sales activity are 993 units/$89.95M in sales in the Philadelphia/ Mid-Atlantic Region and New York State sales of 540 units sold for $62.29M. The Future Looks Bright for Multifamily One “trend” industry fore - casters are following closely is the entry of a new generation into the tenant pipeline. “While BRIDGEWATER, NJ — A 3,158 s/f office space at 711 E. Main St. in Bridgewater has been leased to Greenix Inc. by Richard and Monica Skydell. The transaction was managed by Sheldon Gross Realty president Marcy Gross and vice president E ric Weston . “This lease represents a new location for our pest control business, and it’s ideal for several reasons,” said Matt
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Levin Management Corporation promotes three long-time teammembers
NORTH PLAINFIELD, NJ — Levin Management Corporation (LMC) has
a nn o un c e d thr ee s t a f f promo t i ons amid contin - ued business momentum. In the leas - ing depart - ment , E. J . Moawad has
E.J. Moawad
been named senior leasing rep - resentative, while Stacy Gar- rity and Antoinette Puccia have been elevated to senior paralegal; Garrity has also assumed the role of corporate secretary for the North Plain - field-based company. Moawad, of Palisades Park, joined LMC in 2016 and is responsible for 1.7 million s/f of gross leasable area at 13 properties within LMC’s man - agement and leasing portfolio. PATERSON, NJ — Blue Onyx Companies (Blue Onyx) announced the hiring of Tricia Wood as vice presi - dent of development. Wood joins the firm at a pivotal time as Blue Onyx continues to expand its Northeast portfolio and development pipeline of mixed-use properties, which exceeds $600 million of esti - mated construction costs. In this new role, Wood will be responsible for the oversight of
Sheldon Gross Realty brokers deal on 3,158 s/f office space
Blue Onyx adds Wood as new vice president of development strategic processes and objec - tives for the firm’s development team, the implementation of best practices across the firm’s portfolio, and the identification of new development opportu - nities to support Blue Onyx’s growth. Wood will be joining the firm’s current executive team led by founder and CEO L evi Kelman .
Wood, who joins the firm with close to two decades of experience, formerly served as
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