2A — December 24 - January 14, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
Alpha Funding Solutions........................................16A American Architectural Window & Door.................9A Arrow Steel..............................................................27A Barley Snyder..........................................................11B Business/Billboard Directory..................................37A Capital Aerials.........................................................29A CenterPoint Properties. ..........................................17B Cooper-Horowitz........................................................6B Crystal Window & Door Systems...........................10A Cushman & Wakefield. .............................................5B Dietrick Group, LLC................................................10B E.B. Cohen...............................................................22A Earth Engineering...................................................20A Elliot-Lewis..............................................................17A Exchange Solutions, Inc............................................9B Fowler. .....................................................................31A Gebroe-Hammer Associates....................................15B Greater Reading Economic Partnership................26B Harvey, Hanna & Associates..............................IBC-B Heidenberg Properties. .............................................4B Heller Industrial Parks...........................................21B HFF..........................................................................16B Hutchinson Mechanical Services..............................2B IBS............................................................................18A Integrity Graphics.....................................................3A Investors Bank.........................................................13B IREM.................................................................. 32-33A Jewel Electric Supply Co.........................................29A JLL...........................................................................30B Keast & Hood.............................................................3A Landmark Science & Engineering..........................24A Law Offices EPGP. ..................................................13A LEW Corporation. ...................................................29A M. Miller & Son.......................................................14A Marcus & Millichap NJ.............................................1B Marcus & Millichap PA........................................ BC-B Meridian Capital Group............................................3B Metro Commercial.....................................................8B Nassimi Realty. .......................................................25B P. Cooper Roofing. ................................................ BC-A PCS...........................................................................28A Poskanzer Skott Architects.....................................15A RD Management.................................................. IC-1A Regal Bank...............................................................12B Rittenhouse Realty Advisors. ............................... IC-B RT Environmental.....................................................8A Specialty Building Systems. ...................................11A Hollenbach Construction.........................................12A SUBWAY....................................................................6A The Henley Group, Inc............................................19B The Kislak Co.. ..........................................................7B Total Cleaning Associates.......................................35A WS+B. ......................................................................21A MAREJ A dvertisers D irectory
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher .................................................................Linda Christman Publisher ....................................................................Joe Christman Senior Editor/Graphic Artist ..................................... Karen Vachon Production Assistant ........................................................ Julie King Associate Publisher ................................................. Alissa Aronson Associate Publisher .............................................. Barbara Holyoke Associate Publisher .....................................................Steve Kelley Office Manager .........................................................Joanne Gavaza Contributing Columnist . ........................................ Derek Dissinger 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. Rockand, MA 02370 USPS #22-358 | Vol. 27 Issue 24 Subscription rates: $99 - one year, $198 - 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
Derek Dissinger
PA’s OnlineMechanic’s Lien Directory to go Into Effect in 2016 ennsylvania’s legis- lature amended its Mechanic’s Lien Law to require the creation of an online construction notices directory where contractors will be required to file notices of furnishing of their services or materials in order to be able to file a mechanic’s lien in the event of non-payment for labor or services. The amendment was entered in prior legislative sessions but failed to pass, with various legislators stating that the creation of an online directory was unduly burdensome to both owners and contractors. Nevertheless, Pennsylvania joined other states like Ohio and Iowa and implemented an online construction notices directory where projects will be registered by owners and contractors will file notices of furnishing and mechanic’s lien claims. The directory is slated to be effective by January 1, 2016, although, the legislature could delay implementation. Following the establishment of the directory, an owner may register a project in excess of $1,500,000 on the online direc- tory. If a project is registered, PHILADELPHIA, PA, and HICKSVILLE, NY — Retail real estate services firm Levin Management has added two shopping centers on behalf of two new clients to its portfolio. The assignments total more than 250,000 s/f in Pennsylva- nia and New York. In Northeast Philadelphia, Levin has been named exclu- sive managing and leasing agent for Rising Sun Plaza, a 244,000 s/f property located at 5675 Rising Sun Ave. Anchored by Rose’s Discount Store, Farm- er’s Best Supermarket and Planet Fitness, the shopping center also offers a diverse mix of food tenants and service providers. “This is a well-occupied cen- ter in an excellent location,” said Joseph Lowry , Levin’s vice president of acquisitions and business development. “Our goal is improve the ap- pearance and maintenance of the center and tenancy to meet the neighborhood’s evolving P
the owner will be required to conspicuously post a copy of the notice of commencement under the Mechanic’s Lien Law at the site of a searchable project be- fore physical work commences on the project. The Notice will include the unique identifying number assigned to the project under the law. Owners and their counsel will then need to ensure that each contract for a searchable project includes written notice to contractors that the contractor’s failure to file a Notice of Furnishing under the act will result in the loss of the contractor’s lien rights. The form of the notice is included in the law. Although both owners and contractors have new obligations following the needs.” In Hicksville, Levin was se- lected as managing agent for Old Bridge Plaza, an 11,300 s/f strip center located on West Old Country Road. The Long Island property’s four-tenant lineup includes Advance Auto Parts, Starbucks, Verizon and Smashburger. Levin’s efforts there will focus on enhancing the center’s operation. “We are confident that our sophisticated financial and property report- ing capabilities, combined with some new and enhanced pro- grams to maximize efficiency, will directly impact this cen- ter’s profitability,” said Lowry. These assignments stem from a targeted effort to expand Levin’s management and leas- ing portfolio throughout the Northeast retail marketplace. “We are pleased to have been selected for these key assign- ments, and look forward to utilizing our expertise in all aspects of property operations to benefit these new clients and
amendment, title companies and banks will appreciate the certainty provided by the act. Bank’s counsel and title companies will be able to check the directory of a searchable project to see which contractors have filed notices of furnishing, and will then be able to re- quest verification that those contractors have been paid. Attorneys for developers, contractors, banks and title companies will all need to familiarize themselves with the changes after the direc- tory goes into effect. Derek Dissinger, Esquire is an attorney in the Bar- ley Snyder’s Finance & Creditors’ Rights and Real Estate groups. n Levin maintains a grow- ing leasing and management portfolio that encompasses approximately 95 properties and more than 13 million s/f – including multiple shopping centers in the Philadelphia and Long Island markets. The firm has been awarded a number of significant new leasing and management assignments in 2015, including properties in Bordentown, Hackensack and Whiting, NJ. In a separate transaction, up- scale American restaurant and sports bar Blu Alehouse will open its second NJ location at St. Georges Crossing in Wood- bridge. This new restaurant and the recent grand opening of a 23,000 s/f T.J.Maxx store enhance the tenant mix at the fully leased, 340,000 s/f Middle- sex County shopping center, according to Levin Manage- ment, the property’s leasing and managing agent. n their properties,” concluded Lowry.
LevinManagement adds two new shopping center assignments
To advertise, call 1-800-584-1062
Made with FlippingBook - Online catalogs