2A — April 15 - 28, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
MAREJ A dvertising D irectory Appraisal Institute: Metro NJ................................ 17A Appraisal Institute: Northeast NJ . ....................... 16A Appraisal Institute: Southern NJ...................... 18-19A ARD Appraisal Co.. ................................................. 11A Barry Isett & Associates......................................... 13C Bussel Realty Corp.....................................................1B CIRC Delaware........................................................ 24A Concannon Miller.................................................... 13C Cooper Horowitz.........................................................1A Corfac International.............................................. BC-A Cozen O’Connor..........................................................8C CREW Lehigh Valley. ........................................ 12-13C CREW NJ................................................................. 13B Cushman & Wakefield. ........................................... 12B Deerwood Real Estate Capital...................................6A DesignPoint.............................................................. 13C Dietrick Group............................................................8A Earth Engineering................................................... 10C Environmental Systems.......................................... 27A Fortuna & DiFlumeri.................................................7A Fowler Companies................................................... 27A Gebroe-Hammer Associates................................... IC-B Griffin Industrial Realty | CBRE..............................7C Harvey, Hanna & Associates.................................. 23A HFF.............................................................................2C Hillcrest Paving & Excavating............................... 27A Hinerfeld............................................................27A, 1C Houlihan-Parnes Realtors. ........................................3B Hutchinson Mechanical Services...............................8B Investors Real Estate Agency................................. 27A Kaplin Stewart. ..........................................................3A Marcus & Millichap...........................................3A, 14C Mericle Commercial. ............................................. BC-C Meridian Capital Group.......................................IBC-B Moonstone Environmental...................................... 13C NAI Summit............................................................. 27A NAI Summit................................................................4C National Realty & Development Corp.......................6B NJ Realty Advisory Group...................................... 10A NJAA....................................................................... IC-A PennCap Properties. ......................................27A, IC-C Pfister Roofing. ........................................................ 14B Poskanzer Skott Architects........................................6B Provident Bank........................................................ 15A Red Marketing Communications...............................4B Redwood Realty Advisors...........................................5B Regal Bank............................................................... 14A Reis Valuations Limited.......................................... 13A Rittenhouse Appraisals..............................................9A Rittenhouse Realty Advisors. ....................................6C ROCK Commercial Real Estate.................................4A RT Environmental......................................................5C SEBCO Laundry Systems..........................................5B Skladany Valuation................................................. 12A Sorce Companies. .................................................... 15B Subway..................................................................... 27A The Berger Organization. ..................................... BC-B The Kislak Co.. ...........................................................4B Tranzon Auction.........................................................3A Urban Land Institute.............................................. 16C Warner Real Estate & Auction.......................11B, 16B WBG Commercial Lending..................................... 27A WCRE..........................................................................9B Whitesell.................................................................. 10B
Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Associate Publisher ................................................................ Steve Kelley Associate Publisher .............................................................Alissa Aronson Associate Publisher ..........................................................Barbara Holyoke Associate Publisher ..............................................................Eric Ballenger Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant/Graphic Artist ...........................................Julie King Office Manager .................................................................... Joanne Gavaza Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockland, MA 02370 USPS #22-358 | Vol. 28 Issue 7 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
Mid Atlantic Real Estate Journal
Transwestern report underscores value of Gen X in workplace Matthew Dolly
T ranswestern released a report that explores the generational pref- erences of office employees and highlights the unique perspective provided by those classified as Generation X. The research and commen- tary, titled “The Gen X Factor: Stuck in the Middle or Best of Both Worlds? ” compares the responses of 273 Transwest- ern team members classified as Baby Boomers (born 1946 – 1964), Gen Xers (born 1965 – 1980) and Millennials (born 1980 – 1998). In nearly all cases, the re- sponses of Gen Xers fall some- where between Baby Boomers and Millennials, highlighting the unique blend of views this generation possesses – a mix of seasoned experience and savvy thinking that was the fortuitous byproduct of being sandwiched between two large generations. “Although Millennials are now the largest segment of the U.S. labor force, companies that value workforce diversity benefit from a broader range of ideas and experiences,” said New Jersey research director Matthew Dolly . “At the same time, while it is easy to create divisions between age groups, we found that there are just as many commonalities as dif- ferences between these three “Market-rate rents continue to climb and aren’t expected to decline anytime in the near future.” Throughout the densely- populated counties of Hudson and Union, Gebroe-Hammer exclusively represented the sellers and/or identified the buyers in 14 separate deals accounting for a total of 652 units. The properties were located in Rahway, New Provi- dence, Jersey City, Bayonne, Elizabeth, Union City and West New York. In Central and Southern New Jersey – where there is a lower concentration of multi- family properties as compared to Hudson and Union County – the firm’s brokerage profes- sionals arranged three sales in Middlesex County’s Wood- bridge, Plainsboro and Pis- continued from FC-A
office space. • The preference for down- town living more than tripled between Baby Boomers and Millennials, at 19% and 64%, respectively. • The importance of social media to professional life is inversely related to age: only 4 percent of Baby Boomers feel that social media is very im- portant, compared to 7% of Gen Xers and 20% of Millennials. • Of the Generation X re- spondents, 56% reported that they identify more strongly with Baby Boomers, and 44% reported that they identify more strongly with Millennials. This gives Gen Xers, as a whole, a broad perspective of the wants and needs of today’s workforce. “Because of their age and experience, Gen Xers are often a natural fit for leadership positions,” Dolly said. “This group is equipped to bring proven skills and thoughtful creativity that enables all generations to make valuable contributions and positions the organization to excel.” n Star Power Broker. The 11- time honor was for Top Sales Firm – a category in which Gebroe-Hammer has been rec- ognized since the award was established in 2005. In addi- tion, Brecher and executive vice president Greg Pine , who were involved in each of the recent Bergen County trades, were named among the Top Sales Brokers for 2015. Based in Livingston, NJ, Gebroe-Hammer is one of the most active multi-family in- vestment sales brokerage firms in the New Jersey/Philadel- phia/New York State region. Its brokerage activities concen- trate on suburban and urban high-rise and garden-apart- ment properties throughout the Northeast and nationally. Gebroe-Hammer also markets mixed-use and free-standing office and retail properties. n
influential generations.” Some of the survey’s findings include the following: • Flexibility is highly valued by all generations, with only 11 percent of total respondents favoring mandatory “9 to 5” hours in the workplace. Across all groups, flex hours – charac- terized by an alternative, yet defined schedule – is preferred over no set hours, with Gen- eration X voicing the strongest preference for this type of flex- ibility. • All generations agree that there is a high correlation be- tween work environment and productivity. When it comes to the amenities that contribute to a comfortable environment, pri- vacy and abundant light ranked No. 1 and No. 2, respectively, for every group of respondents. • Open offices, or “hoteling,” was viewed most favorably by Millennials, while private of- fices received the most votes from Baby Boomers. However, in total and by generation, respondents overwhelmingly prefer a mix of private and open cataway. These encompassed 1,488 units, while in the Jersey Shore submarket’s municipali- ties of Brick, Asbury Park and Long Branch, 577 units traded. “Multi-family properties that run the full spectrum in terms of condition, amenities and upgrades are performing and trading at levels well above what was once the historical norm,” added managing direc- tor Joseph Brecher . “While rising interest rates – com- mercial real estate’s nemesis – could eventually impact debt costs in the distant future, the Fed has toned down its earlier predictions about the frequen- cy of its increases, which bodes well for investor appetite that is already at peak levels.” Last year, Gebroe-Hammer recorded a 178% increase in year-over-year sales and has once again been named a Co-
Gebroe-Hammer ends Q1 2016 with 30 multi-family sales. . .
To advertise, call 1-800-584-1062
Made with FlippingBook HTML5