12A — July 29 - August 11, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Bisgaier Hoff Strengthens its boutique real estate practice
HITEPLAINS, NY — Jeanne Cronin , managing director Worked with Barry Stein of Rohman & Stein Associates Q10 |NYRealty Advisors closes four loans totaling $4.515m W
LEHIGH VALLEY, PA — The Construction Man- agement Association of America (CMAA) Mid-At- lantic Chapter awarded Boyle Construction, Inc. its 2016 Infrastructure Projects under $20 Million Project of the Year Award for its work on the BethlehemRedevelopment Authority’s Hoover-Mason Trestle project. Boyle received the award at the CMAA Mid- Atlantic Chapter Awards Ban- quet at the Adventure Aquari- um, in Camden, NJ. The CMAA’s annual Con- struction Management Project Achievement Awards Pro- gram recognizes outstanding achievement in construction management and was designed to recognize and promote pro- fessionalism and excellence in managing the construction process. Awards are given to construction management practitioners for projects and programs that reflect this mission. Located on the United States’ largest brownfield site, the one-third-mile-long Hoover- Mason Trestle (HMT) in Beth- lehem, PA, is part museum, part circulation walk and part attraction that ties together the SteelStacks arts and en- tertainment complex that now occupies the former Bethlehem Steel site. The Bethlehem Re- development Authority revital- ized the historically significant HMT as part of redeveloping the overall former Bethlehem Steel 160-acre site. The HMT’s adaptive reuse goal was to use the existing trestle structure— a former steel interior ore rail line—to create connectivity through a pedestrian-oriented promenade. n Boyle receives 2016 CMAAMid-Atlantic Infrastructure Project of Year Award “Clients have been asking us to do more complex transac- tional and redevelopment work. With these quality additions, we’re are able to assist our cli- ents in areas well beyond land use and affordable housing, the areas we have become known for,” Hoff, managing partner at the eight-lawyer firm, says of the expanded practice. n tensive large-firm experience. The attorneys who recently joined are Matthew Azou- lay , previously with Dilworth Paxson in Cherry Hill, and Peter Flannery , previously with Sills Cummis & Gross in Princeton. Both joined Bisgaier Hoff as partners.
HADDONFIELD, NJ — Bisgaier Hoff opened its doors in 2010 as a law firm primarily focused on land use and related litigation, a practice area many firms were avoiding as the depths of the real estate reces- sion were still being tested. Despite the challenges of the times, founding partners Carl Bisgaier and Richard Hoff Jr. remained confident they could grow a firm dedicated to the needs of their real estate client base. The strategy paid off. The Haddonfield firm has trans- formed itself into a true real estate boutique, and, to help expand its practice base even further, recently brought on board two attorneys with ex-
the fact that all four proper- ties are leased to tenants with national or strong regional brands, the leases are triple net and have long lease terms with multiple renewal options, and the locations are in metro areas with strong populations and projected growth. Q10NY is a member of Q10 Capital, LLC, a commercial mortgage banking company. Q10NY worked with Barry Stein of Rohman & Stein Associates , a seasoned broker who has had a long standing relationship with the bor- rower. n
bank. Loan terms ranged from 10 years to 25 years. Both lenders fixed the interest rate for the initial 10-year term at 4.25% to 4.5%. The insurance company provided a fixed-rate reset feature for the remaining 15 years. The properties were ac- quired by a Long Island-based based real estate family with an extensive portfolio of pri- marily multi-tenanted com- mercial properties located in metro New York. This was their first foray into the single tenant arena. They were at- tracted to the product type by
of Q10 | New York Re- alty Advisors (Q10NY) an- nounced the closing of four loans totaling $4.515 million on four, free-standing, fast- food/casual dining restaurants located in North Carolina, Georgia and Tennessee. The restaurant chains included an Olive Garden (Darden Restaurants), Arby’s, Wendy’s and Bojangles’. Financing was provided by two different lend- ing sources, a national insur- ance company and a regional
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