Mid Atlantic Real Estate Journal — Owners, Developers & Managers — August 31 - September 13, 2012 — 13A
O wners , D evelopers & M anagers Court-approved sale of mixed-use property Keenan of Kislak completes $2.1m sale in Paterson, NJ P aterson, NJ — The Kislak Company, Inc. announced the $2.11
Green Brook, NJ — The Building Service ContractorsAs- sociation International (BSCAI) has awarded BRAVO! Group Services the 2011 BSCAI Safety Award for large employers. This award represents the industry’s highest safety award. Since the company incep- tion, they have invested in the development of an effective and comprehensive training program tailored to meet their business and customer’s needs. As part of their continued effort to enhance and improve BRA- VO! safety training program, they have partnered with their insurance company providers and suppliers to assist in the education of their staff through site visitations and introduction of new technology and environ- mentally preferable products that would help each member of their team perform safely and efficiently. BRAVO! also announced that James Vosburg, regional VP, has been recognized by theAmerican Hospital Association as a Certi- fied Healthcare Environmental Services Professional. n BRAVO! wins industry’s highest safety award The sale was an all-cash transaction. The seller was represented by William Schey, Esq. and the purchaser was represented by Jack Darakjy, Esq. n million sale of a mixed-use property with 15 residential units and five retail spaces on Main St. in Paterson. Sales associate Joseph Keenan rep- resented both parties in the transaction pursuant to a listing agreement obtained by Kislak and approval of the United States Bankruptcy Court, District of NJ. The seller had previously sought Chapter 11 bankruptcy court protection and Kislak facili- tated the court-approved sale of the property. “Given the volatility of the stock market, the dismal re- turns offered by banks and record low interest rates, more and more investors are seek- ing the steady and reliable returns offered by commercial real estate, especially apart- ments,” said Keenan.
15 residential units and five retail spaces on Main St. in Paterson
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