14B — November 8 - 21, 2019 — New Jersey — M id A tlantic
Real Estate Journal
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P eople on the M ove
Onyx Equities reveals Gateway Ctr. as fastest internet available
ORRIS PLAINS, NJ — James Sou- sa , pr e s i dent o f Team adds senior vice president Vijan joins Weichert Comm'l. Brokerage in Morris Plains M
work already in place, we can do this for Gateway tenants at a fraction of the price within two weeks,” said Kris Pacunas, president of GigXero Inc. Onyx Equities is hosting The Innovation Summit, the open- ing ceremonies for Newark Tech Week, a week-long initiative by =Space to provide all tech- based businesses in Newark with an outlet to connect and hear about innovations in the city. Onyx’s Co-Founder and Managing Principal Jonathan Schultz will be joined by New- ark’s civic and elected officials including Mayor Ras Baraka, Councilwoman LaMonica Mc- Iver, Invest Newark’s Presi- dent and CEO Bernel Hall and =Space Founder Medina for activities that include an- nouncements about internet access in Newark and a panel discussion about the evolution of technology. Newark is one of three lo- cations in the United States offering this type of 10 Gig connectivity. Chattanooga, TN being one of them Chattanooga has drawn more than $1 billion in local capital, attracted 671 new companies with 14,000 employees, lowered unemploy- ment rates and increased real estate values. “Newark and Invest Newark were wise to advance its fu- ture through the installation of its 10G wireless network,” continues Mr. Saraceno. “It’s an amenity that will attract rate-ables through new busi- nesses and residents, ensuring the city’s long-term economic sustainability.” Inn & Suites and Homewood Suites at Teaneck has set a new standard for sophisticated comfort in the NYC market. Standing at 15 stories with 350 upscale guest rooms in a variety of configurations, the dual-branded Hampton Inn & Suites and Homewood Suites at Teaneck has reimagined focused-service hotels through a sleek and modern high-rise construction. The glass facade of the building stands out to travelers on the adjacent I-80 and The New Jersey Turnpike while providing guests with sweeping views of the Mead- owlands and NYC skyline. Utilizing the most modern construction techniques and processes, Alfred Sanzari En- terprises was able to maximize the potential of the building’s one-acre lot while ensuring interior design flexibility.
NEWARK, NJ — At the Newark Tech Week Innova- tion Summit, Onyx Equities announced that its Gateway buildings offer the fastest pub- lic access WiFi available any- where, through its Gateway Connect WiFi. The Gateway Connect Wi-Fi is among the first deployments of WiFi 6, the next generation of WiFi, and each access point deployed has a dedicated multi- gigabit Internet feed. Additionally, Onyx Equities will announce Gateway One, Two, and Four, have pre-wired for Newark Fiber with a fiber- optic spinal cord now built throughout all three towers. Tenants in all three buildings can now instantly connect to Newark Fiber by GigXero, the fastest Internet in the region. Onyx acquired three of the four Gateway Center build- ings in 2018 as its entry into the Newark office market that continues to gain momentum attracting start-up and mature tech-oriented businesses. “Newark has arrived, and Gateway Center is the place to be with faster internet access than anywhere on the East Coast including NYC,” said John Saraceno , managing principal of Onyx Equities. “We’re creating office envi- ronments that attract young, creative talent and promote increased productivity while decreasing overhead expenses.” “A fiber gigabit circuit would normally be priced in the $2,000-$4,000 range and above and take up to six months for connectivity but with the net- HACKENSACK, NJ — Al- fred Sanzari Enterprises has been recognized with a 2018 Hilton Legacy Award for their development of the dual-branded Hampton Inn & Suites and Homewood Suites at Teaneck. The Hilton Legacy Awards recognize the passion, cre- ativity and innovative spirit of Hilton’s partners who are committed to quality projects that meet or exceed brand standards and have a posi- tive impact on communities around the world. The leader- ship of Hilton’s development and brand teams select the winners based on strict crite- ria including, but not limited to, hotel quality and commit- ment to guest experience. Driven by the vision of Al- fred Sanzari Enterprises, the development of the Hampton
Brokerage team as a senior vice president in their Morris Plains office. Paaras special- izes in representing both buy- ers & sellers of retail shopping centers and other types of net- leased properties throughout the country. He delivers expert advisory and acquisition ser- vices across various asset types but is known for being niche specialist in the acquisition and disposition of gas station & convenience store properties. Vijan has extensive experi- ence working with national,
regional, and local retail busi- nesses, has a deep understand- ing of real estate value from an operator’s point of view and enjoys consulting on all the “why” issues that affect a retailer’s success at a specific location. “I am so pleased to have Paaras join our team” said Mr. Sousa, “his experience and knowledge will play a huge role in assisting our private investor client base grow their wealth and expand their port- folios”. with the City and Historic Preservation Commission, our goal was to maximize these properties’ potential to achieve best and highest next-genera- tion use – while maintaining their historic charm. It’s ex- tremely gratifying to see these projects come to life and know they will bring value to the City and residents alike for many years to come.” Paramount Assets is a fami- ly-owned, regional, full-service real estate investment firm specializing in urban property ownership, management and development. The company’s rapidly expanding portfolio currently includes 3.1 million s/f of commercial, multifamily and mixed-use holdings across 25 New Jersey municipalities – including a notably growing foothold in the City of Newark. The company maintains a holistic, vertically integrated approach to real estate devel- opment, with in-house acquisi- tion, leasing, legal, accounting, property management and construction teams. valuable addition to our lead- ership team.” Minoia noted that Angoff’s experience in all aspects of transactions and leases, redevelopment, environmental law, and real estate and business due dili- gence will play a significant role as the company’s portfo- lio expands throughout the New York/New Jersey metro region. Angoff earned his bach- elor’s degree from Syracuse University, a master’s degree in real estate development and investment from New York University, and a J.D. from Emory Law School. He is licensed to practice law in the Garden State and a mem- ber of the New Jersey Bar.
We i c h e r t C o mm e r - c i a l Br o - k e r a g e , I n c . , h a s announc ed the h i r i ng of a highly skilled com- mercial real estate professional.
Paaras Vijan
Paaras Vijan has joined the Weichert Commercial
Paramount Assets honored by Historic Preservation Commission
PATERSON, NJ — Para- mount Assets was recently recognized by the City of Pa- terson’s Historic Preservation Commission at the municipal organization’s 20th annual Historic Preservation Awards Dinner. The full-service real es- tate investment firm received the “Stewardship Award for Outstanding Historic Reha- bilitation of a Paterson Historic Commercial Building” for its rehabilitation of 148 Main St. and 162 Main St.. The awards program rec- ognizes property owners and developers that are at the forefront of preserving Pater- son’s history while supporting its future. Paramount Assets has a four- decade history of involvement in repurposing, reconstruct- ing and renovating vacant downtown historic properties. Over the course of 15 months, 148 Main St. and 162 Main St. were successfully rehabili- tated by Paramount Assets into modern, mixed-use develop- ments comprised of market MONTVILLE, NJ — Di- versified Properties, LLC has announced that Doug-
rate rental apartments with ground-floor retail. The res- toration of these commercial assets also involved repairing building exteriors to retain the structures’ historic integrity. “We are honored to be rec- ognized with this award,” said Dunn. “Working in conjunction Shown from left: Richard Dunn, senior VP, Paramount Assets; Maurice Levy, COO, Paramount Assets; and Gianfranco Archi- mede, director of the division of Historic Preservation for the City of Paterson and executive direc- tor of Paterson’s Historic Preser- vation Commission. general counsel for several local and national real estate developers, including Kush- ner Companies, Kara Homes and Lennar. In his new role at Diversified Properties, he will be responsible for co-managing the develop- ment pipeline, assisting with loan closings, negotiating contracts and general legal work. “We are pleased to welcome Doug to Diversified Proper- ties,” said Nicholas Minoia , company founder andmanag- ing partner. “At this period of significant company growth, his business acumen, knowl- edge of land use statutes and broad expertise in real estate development make him an in-
Alfred Sanzari Enterprises recognized with Hilton Legacy Award
Diversified Properties hires Douglas Angoff, Esquire
las Angoff, E s q . o f South Or - ange , has joined the company as vice presi- d e n t a n d c o r p o r a t e counsel. He
Douglas Angoff
brings more than 20 years of real estate law and develop- ment experience to his new position at the full-service real estate development firm based in Montville. Prior to joining Diversified Properties, Angoff served as land development and
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