20B — June 17 - July 21, 2022 — New Jersey/Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P eople on the M ove
Diversified Properties taps Peter Matarazzo as CFO
LLENTOWN, PA — NAI Summit , a member of the world’s A Veteran brings 23 years of experience to firm NAI Summit names Derr director of property mgmt.
presided over all financial reporting items, including monthly closing of books and records, financial statement preparation in accordance with GAAP, account reconcili- ations, investor reporting and tax filings for over 50 entities consisting of development, real estate operations, commercial properties and non-profits. “Peter’s previous work with Arete Management exempli- fies his attention to detail and his ability to drive financial success at multifaceted and fast-moving organizations,” said Diversified Properties Founding and Managing Part- ner Nicholas Minoia. “We are excited to welcome Peter to the team and look forward to working with him to continue to execute our real estate in- vestment strategy in the years to come.” Matarazzo added, “From the moment I had my first conver- sation with the executive team at Diversified Properties, it was clear that they have the vision and creativity needed to succeed in today’s commer- cial real estate industry. I am honored to join one of the real estate industry’s most expe- rienced executive teams and help them build upon their decades of success.” MAREJ a reputation for driving profit- able results in the industry,” said Art Makris , president of Duke Realty’s Northeast region. “Mikki has the reputa- tion and a proven track record for identifying development opportunities and closing deals. She is a much-needed and very welcome addition to the New Jersey team.” Prior to joining Duke Realty, Columbus grew her career over the last seven years in various roles at The Rockefeller Group, most recently serving as direc- tor of real estate development. In that role, she was respon- sible for evaluating new devel- opment opportunities in New York and New Jersey focused on larger deals worth $25 mil- lion to $250 million —negotiat- ing all aspects of purchase and sale contracts, overseeing anal- ysis, conducting due diligence and managing the entitlement process. Before The Rockefeller Group, Columbus worked for the non-profit development organization, Greater Jamaica Development Corporation, as a director of real estate and economic development. MAREJ
MONTVILLE, NJ — Di- versified Properties , one of the region’s most experienced
commercial/ residential real estate developers and owners, announces the hiring of Peter Matarazzo as chief fi- nancial officer.
choice for this position,” said Frank Smith , principal at NAI Summit, “Our focus on building relationships is fundamental to our culture, and Randy has consistently demonstrated his ability to connect with clients by understanding their busi- ness challenges and providing the appropriate solutions.” Derr joined NAI Summit in 2019 as the onsite senior prop- erty manager at Integrated Health Campus located in Allentown. In his time at the campus, Derr was responsible Forcello previously served as sales management leader for CBRE’s NJ business, driving the firm’s broker development and client services programs resulting in record revenue growth over the previous sev- eral years. “Will is the ideal person to expand and enhance our Cen- tral New Jersey operations given his strong performance in servicing our clients and growing our New Jersey busi- ness,” said Jeff Hipschman , who oversees CBRE’s NJ op- erations. “His successes at CBRE are noteworthy, having been recognized as Sales Man- agement Professional of the Year in 2019, while helping Pennsylvania Region for to- tal sales in April 2022. This recognition comes after Fur- man earned the Titan Award for 2021, the highest-ranking accolade ever achieved during his 36+ year career. Upon realizing his recent success rate, Furman sent a quick note of thanks to his industry consultant, real es- tate team, and support staff exclaiming, “We accomplished tains a robust project pipeline that will introduce dozens of new communities in the tri-state area over the next several years. Garden Communities’ verti- cally integrated operations pro- vide full in-house support from site acquisition to leasing and property management, from in- fancy to stabilization. The team targets highly accessible, top-
for the overall day to day operations and was respon- sible for ownership, tenant and vendor relations. Prior to accepting his position with NAI Summit, Derr worked for Trammell Crow Company, CBRE and Parkway Realty Services where he held posi- tions as property manager, senior property manager and facilities manager. Derr formerly served in the military. He has 23 years of experience in commercial property management. MAREJ grow our business and creat- ing a work environment that attracts talent and provides successful outcomes for our clients.” Forcello has been with CBRE for 13 years in posi- tions of increasing responsi- bility. He started his career in a role that is foundational to CBRE’s business—indus- trial and office leasing advi- sory. He then honed his local market knowledge conduct- ing research analysis and was quickly elevated to run CBRE’s Tri-State Suburban Research Group. this honor together! Let’s go out and celebrate.” Furman has been working closely with the 55+ commu- nity as a Seniors Real Estate Specialist, recently launching a new webinar series, ABC’s of Senior Housing focused on educating area seniors on housing options, care choices, and legal decisions by work- ing collaboratively with local experts. MAREJ tier locations in the most desir- able communities and designs product that responds to the needs and desires of modern renters. Garden Communities' continual, thoughtful evolution involves providing fresh, next- generation inventory while constantly improving existing communities to serve demand and support changing lifestyle needs. MAREJ
premier man- aged network of commercial real estate firms, an- nounced the promotion of Randy Derr to director of property management.
Peter Matarazzo
In his new role, Matarazzo will work closely with Diver- sified Properties’ executive team to streamline the firm’s operations and finance de- partments through the addi- tion of new operational work- flow efficiencies, the restruc- turing of manual processes and improving the adoption of the latest real estate and business technologies. Prior to joining Diversified Properties, Matarazzo served as Chief Financial Officer and Controller with Arete Management, a NYC-based developer of low-income and affordable housing with a portfolio of 18 Low-Income Housing Tax Credit buildings in New York City and over 80 affordable housing, commer- cial and mixed-use properties in Hudson, NY. Matarazzo
Randy Derr
“Randy’s impressive track record makes him the natural
CBRE promotes Will Forcello to market leader of Central New Jersey operations
EAST BRUNSWICK, NJ — CBRE announced Will Forcello as the new market
leader for its Central New Jersey op- erations. In his new posi- tion, Forcello will be re- sponsible for driving the company’s
Will Forcello
growth strategy for all lines of business including advi- sory & transaction services, investment sales, valuation & advisory services, debt & structured finance, property management, and project management.
Duke Realty New Jersey adds Columbus as associate to team
Forcello graduated from Boston University Questrom School of Business. MAREJ Brett Furman Group secures Top Producer award
JERSEY CITY, NJ — The New Jersey office of Duke Re- alty has hired Mikki Colum-
bus as vice president of leasing and development in New Jer- sey. In her role work- ing alongside Ben Rosen , Duke Realty’s
WAYNE, PA — REAL- TOR Brett Furman , broker/ owner of RE/MAX Classic
announced that his real estate team, the Brett Fur- man Group , ranked in the Top 20 overall in the RE/MAX
Mikki Columbus
vice president of leasing and development in New Jersey. Columbus will focus on grow- ing the company’s portfolio in New Jersey and New York City through new development and leasing. She will be responsible for identifying new develop- ment opportunities, executing land acquisitions and manag- ing all aspects of leasing the properties in her region. “As demand remains at all- time highs for industrial space especially in markets with proximity to active ports, Duke Realty is committed to grow- ing our 9.6 million s/f portfolio in New Jersey. To do that, we must expand our team with ex- perienced associates that have
Brett Furman
Short Hills-based owner/builder/operator appoints Caryl Communications as public relations rep.
SHORT HILLS, NJ — Ca- ryl Communications (Hobo- ken) announced their ap- pointment as public relations representative for Garden Communities (Short Hills), a real estate owner, builder and operator in the luxury multifamily niche. With over 60 years of residential and commercial experience in the marketplace, the firm main-
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