18A — April 12 - 25, 2013 — Mid Atlantic Real Estate Journal
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P eople on the M ove
Wolf Commercial Real Estate hires Christina Del Duca
Enabling child to achieve mobility at home Hollister Construction completes pro bono project
Voorhees, NJ – Wolf Commercial Real Estate (WCRE) announced the hir-
corporate performance. CBRE scored particularly well in quality of services, innovation, global competitiveness and social responsibility among companies in the real estate sector. Drawing from a base of some 1400 companies, a total of 687 companies from 30 countries were surveyed by Fortune. Only companies that score in the top half of their industry survey were included in the Most Admired Compa- nies roster. The Lipsey survey measures commercial real estate pro- fessionals’ perceptions of the industry’s leading brands. More than 100,000 U.S. and interna- tional professionals participat- ed in the 2013 survey, including property owners, investors, lenders, occupiers, brokers and property managers. CBRE has been ranked number one every year that Lipsey, a training and professional development firm specializing in commercial real estate, has conducted its survey. n is a welcome return to her commercial real estate roots. “I am thrilled to return to the type of work I love doing,” she said. “I have always believed that relationship building is the key to success in this busi- ness, so WCRE is the ideal firm for me.” WCRE, which recently cel- ebrated its first anniversary, is known for its client-centered approach and its charitable commitment to the Southern New Jersey and Philadelphia community. Said company founder Jason Wolf , “We are excited to have Christina join WCRE. She exemplifies the success of our approach and embraces our company mis- sion and goals, while also con- necting us with extensive and diverse new networks.” Del Duca is a licensed New Jersey salesperson. She lives in Haddonfield with her hus- band and two children. n sponsible for leading efforts related to the development of high profile and large scale mixed-use projects. Prior to joining Advance, Sommer served as senior vice president for Premier Devel- opment & Affiliates, LLC, where he had primary over- sight for diverse projects. n
i n g o f n ew vice president C h r i s t i n a De l Du c a . The Haddon- field resident b r i n g s 1 4 years of high- ly successful experience in
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estfield, NJ — Hollister Con- struction Services
an elevator in the Cagnassola home, which would allow Sara to move from a play/therapy room in the basement up to the living room and kitchen, and finally up to her bedroom, with easy access to the bathroom. “It took four years of grit, determination and, most of all, love for Sara to see this project through, from getting permits and approvals, to raising dona- tions and holding fund-raising events, to completing the con- struction work,” said Johnson. “All that effort came together when we saw the big smile on Sara’s face as she took her first ride on her elevator. It was a wonderful moment that reminded us of why we are committed as a company to building stronger communities by doing what we can to help those in need.” When Sara was asked what she liked best about her new elevator, the little girl replied, “It will help my mommy be- cause now she won’t have to carry me everywhere.” n Llewellyn Park, the country’s first planned residential com- munity – centers on the indus- trial-to-residential transfor- mation of the historic Thomas Edison Invention Factory and Commerce Center. Highlighting the firm’s com- mitment and belief in the New Jersey Office Market, Prism executed its largest office acqui- sition to date, purchasing the eight-building 800,000- square- foot Princeton Pike Corporate Center, from Brandywine Re- alty. This acquisition provides a foothold in one of New Jersey’s most dynamic office markets along with opportunities for future development through the availability of 350,000 s/f of approved development sites within the Campus. Cohen and partner, Eugene Diaz, have expanded Prism judiciously and with a great deal of discretion. They credit the team they have assembled for the firm’s success. “We are deeply honored by the NAIOP ImpactAward, which really rec- ognizes the work of the passion- ate, highly skilled professionals who share our vision, and understand that each trans- action and property situation brings its own challenges and sophisticated requirements,” Cohen said. n
(Hollister) , a full-service construction manager special- izing in corporate, educational, healthcare, industrial, retail, and residential construction, recently completed pro bono renovations to the, Westfield house of an 11-year-old girl with cerebral palsy. The work, which included the installa- tion of an elevator, will give Sara Cagnassola, who uses a wheelchair, the ability to move through her three-level home independently for the first time. The elevator instal- lation was made possible by monetary and work-in-kind donations raised by Hollister and its partners. The project originated in 2009, when Hollister CEO Chris Johnson learned from his friend, Thomas Cagnas- sola, that his daughter Sara not only had no wheelchair but that the Westfield school district would not mainstream BLOOMFIELD, NJ — Ed- winH. Cohen , a principal with PrismCapital Partners, LLC will accept the NAIOP New Jersey Impact Award on behalf of the firm at the commercial real estate trade organization’s annual Gala in May. The honor recognizes distinguished indus- try trendsetters. The 11-year-old, privately owned Prism considers itself an “old-fashioned” real estate firm, adapted to the new world. The company is focused solely in its local market, is both an active investor - buying income pro- ducing assets and undervalued properties - and multi-faceted developer, implementing devel- opment and redevelopment op- portunities utilizing its full in- house capabilities. By seeking opportunities in asset classes as broad as multi-family rental, “for-sale” residential, and office and industrial properties, the firm has been able to find op- portunities to succeed through all market cycles. This experi- ence, vision and unwavering commitment to service has led to an impressive track record of creating value through select real estate investments and developments. To date, Prism, with its capital partners, has invested more than $400 mil- lion in 15 projects.
Christina Del Duca
Philadelphia, PA — CBRE Group, Inc. was the highest-ranked commercial real estate services and invest- ment company in Fortune’s annual Most Admired Compa- nies list for the third consecu- tive year and the number one commercial real estate brand in Lipsey Company’s annual brand survey for the 12th con- secutive year. These accolades underscore CBRE’s position as the commercial real estate industry’s leading services and investment firm. “CBRE’s inclusion in For- tune’s Most Admired Compa- nies list and our top ranking in the Lipsey survey reflect the trust that our clients place in us to deliver exceptional service and innovative solutions every day,” said Robert Sulentic , president and chief executive officer of CBRE. The Fortune Most Admired program, one of the most defini- tive report cards on corporate reputation, rates companies on a host of attributes related to commercial real estate profes- sional services to her new firm. In addition to ten years as a broker at Jones Lang Lasalle, Del Duca brings a wealth of sales experience in related CRE fields. Her experience includes time at CoStar Group, the leading provider of com- mercial real estate informa- tion and analysis, and most recently, a position at Cofco where she led corporate space planning and budgeting. For Del Duca, joining WCRE BEDMINSTER, NJ — Advance Realty announced that Michael Sommer has been named managing direc- tor of community develop- ment. In this role, Sommer, who has a 17-year track record of developing and con- structing several thousand residential units, will be re-
Sara’s first elevator ride
the child without one. Cagnassola launched a foun- dation named Strides for Sara, with the initial aim of pur- chasing a wheelchair for his daughter. This goal was met by a Hollister employee who donated a wheelchair that had been purchased by his family but never used. The company then committed to installing “Prism epitomizes the type of forward-thinking company that has made New Jersey’s commercial real estate indus- try one of the nation’s best,” said Michael McGuinness , NAIOP NJ’s CEO. “Through the economic downturn and now, with the market’s new- found positive trajectory, this company has continued to identify opportunities, raise capital, refinance properties, and buy and develop some of New Jersey’s most exciting real estate ventures.” For example, in Bloomfield, Prism recognized the intrinsic value of an obsolete, century- old General Electric industrial building fronting on the Garden State Parkway – now being re-born as The Parkway Lofts. The $100 million, multi-fam- ily adaptive reuse project’s Phase I includes 365 loft-style apartments that will welcome renters beginning this fall. The firm plans to commence con- struction of Phase II later this year, consisting of 170 for-sale townhouses with a clubhouse and pool. Similarly, the firm is gearing up to launch construction for Phase I of Edison Village on Main St. in downtown West Orange. That $230 million project – located across from
CBRE captures top honors in Fortune & Lipsey surveys
Prism Capital Partners to receive NAIOP New Jersey Impact Award at May gala
Advance Realty names Sommer managing director of community development
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