R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news
ISSUE HIGHLIGHTS Volume 25 Issue 14 July 26 - Aug. 15, 2013 Architects & Engineers Spotlight
Cushman & Wakefield and CBRE ink deals Katz Properties acquires two shopping centers for $52.5 million
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O S E D A L E , MD AND EAST LONG- MEADOW, MA —
Washington, DC. The company also owns the Deer Park Center in Randallstown, MD, which it acquired in 2010. Kaufthal continued, “We are pleased to strengthen our ties to the Baltimore county com- munity through this acquisition and plan to acquire more shop- ping centers in the region.” Mortgage financing for both deals was arranged by Tim Breda of Goedecke & Co. Heritage Plaza was financed by Sentinel Investments behalf of National Life of Vermont. Fi- nancing for Golden Ring Plaza was provided by AIG Global . For Heritage Plaza, Cush- man & Wakefield’s Capital Markets Group , led by Geoff Millerd, Justin Smith and Rob Griffin represented both Katz Properties and the seller in the transaction. For Golden Ring Plaza, both buyer and seller were repre- sented by the CBRE team of R. William Kent and Gary S. Lawrence . ■
Katz Properties has acquired Heritage Plaza in East Long- meadow, MA and Golden Ring Plaza in Rosedale, MD. The single-day transaction, valued at $52.5 million, continues a consistent growth pattern for the company. Heritage Plaza shopping cen- ter in East Longmeadow, MA is a 116,840 s/f supermarket anchored shopping center. Heritage was purchased for $28,450,000 and is 98% oc- cupied, primarily by a 55,573 s/f Stop & Shop supermarket, a 9,389 s/f Party City, a 7,900 s/f Dollar Tree and a 4,800 s/f Panera Bread. Golden Ring Plaza, located in Rosedale, MD is anchored by a 55,330 s/f Giant supermarket and a 25,195 s/f Marshalls. The site is 13 acres and was purchased for $24 million. Daniel Katz , a principal of Katz Properties said, “One of
9-20B
Golden Ring Plaza in Rosedale, MD
our first grocery anchored deals ever was across the border from East Longmeadow in Enfield, CT and we’ve been looking for more opportunities in this mar- ket ever since. This center and Golden Ring Plaza inMaryland both have market-leading gro- cers and an excellent mix of other retailers.” Daniel Kaufthal , a prin- cipal of Katz Properties, said, “We are glad to be returning to
two markets we know well and have had success in. We con- tinue to look for opportunities to purchase grocery anchored retail and add to our growing portfolio.” In fact, last year Katz Proper- ties acquired three grocery an- chored shopping centers in the Metro DC area: Westgate Shop- ping Center and Festival Shop- ping Center, both in Manassas, VA, and East River Park in
Celebrates 90 Years 14-16B
Three, multi-tenant buildings in the Baltimore-Washington corridor MIM-Hayden Real Estate Funds acquires 705,000+ s/f industrial portfolio
26B
Brokerage Directory Spotlight
CONSHOHOCKEN, PA — Miller Investment Man- agement and Hayden Real Estate Investments, partners in MIM-Hayden Real Estate Funds , have announced the
Section C
Directory
8210 Wellmoor Ct., Jessup, MD
9325 Snowden River Parkway, Columbia, MD Fund’s addition of three indus- trial properties strategically located in the heart of the Inter- state 95 Baltimore-Washington corridor. The properties, located at 8210 Wellmoor Court, Jessup, MD (108,480 s/f), 4615 Hollins Ferry Rd., Halethorpe, MD (121,825 s/f) and 9325 Snowden River Parkway, Columbia, MD (475,074 s/f), total just over 705,000 s/f and are nearly fully leased.
4615 Hollins Ferry Rd., Halethorpe, MD
Owners, Developers & Managers..Section B Green Buildings ............................ 21-26B Shopping Centers ......................13-24C
“This portfolio’s location, the buildings’ highly competitive industrial uses and the limited availability of similar assets in such a highly desirable growth market make these properties ideally suited to the Fund’s investment strategy,” said H. Scott Miller , managing part- ner of Miller Investment Man- agement and a MIM-Hayden Funds Principal. Anthony Hayden , principal of both Hayden Real Estate
Investments and MIM-Hayden Real Estate Funds, added, “This acquisition gives the Fund a significant presence in the Baltimore Washington corridor with one transaction. It continues to strengthen our chosen footprint that extends from the greater Philadelphia area south through the area surrounding Washington DC. We are very pleased to have brought this transaction to a successful close quickly.” ■
Upcoming Spotlight August 16 2013 MULTIFAMILY FINANCING
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COMMERCIAL LOANS SBA 504 & 7A PROGRAMS
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A — July 26 - August 15, 2013 — Mid Atlantic Real Estate Journal
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Accutech Environmental Services. ......................4B Aegis Energy Services. .......................................23B ALT Realty............................................................9C American Architectural Window & Door.............1B Arrow Steel Inc................................................. IC-B Atlantic RE Services........................................... 11A B.R. Kreider & Son...............................................7B Bayshore Recycling.............................................24B BL Cos.. ...............................................................14B Borrus..................................................................16C Breslin Realty. ....................................................18C Brickstone. ..........................................................13C Brokerage Directory. .................................... 30-36C Buccini Pollin Group...........................................25C Business Card Directory.......................................9A C.S. Davidson, Inc......................................... 15-16B Caniford Group...................................................19C Capital Aerials....................................................25B Cenova...................................................................7A Coastal Commercial Group...............................IC-A Commercial Choice Realty. ................................10C Cushman & Wakefield..........................................3C Earth Engineering................................................9B Energy Works......................................................22B Entech Controls. .................................... IBC-A, 24B First Industrial...................................................26C Fortna Auctioneers & Marketing Grp.. ...............5A Fowler Route Co..................................................27B G&C Electronics..................................................17B Genova Burns Giantomasi Webster.....................6B Gilbeaux Assoc., P.C............................................25B Goal Point Realty.............................................. IC-C Griffin Land.........................................................26C H.T. Lyons............................................................19B Haftek CWS. .........................................................2B Hawley.................................................................28C Hiller Industrial..................................................27C Hinerfeld Commerical RE...................... 11A,IBC-C Hollenbach Construction......................................5B Hurley Auctions....................................................6A Hutchinson..........................................................23B Investors RE........................................................12C IREM............................................................. 22-23B Jewel Electric Supply. ..........................................3A JOTTAN Inc..................................................... BC-A Landcore Engineering Consultants.....................8B Landmark Science & Engineering.....................18B Lew Corp...............................................................1A Liberty Environmental.........................................2B M. Miller & Son.....................................................8B Marcus & Millichap..............................................6C NAI Emory Hill.....................................................2C NAI Keystone........................................................8C NAI Summit........................................................26C P. Cooper Roofing............................................. BC-B PennCap........................................................... BC-C Poskanzer Skott Architects................................13B PWI......................................................................12B RD Mgmt....................................................... 14-15C Real Property Capital...........................................3A Remco Realty.......................................................17C Retail Brokerage Directory. ......................... 22-23C Retail Business Card Directory. ........................24C ROCK...................................................................21C SBS......................................................................11B Security Resources................................................2A Sorce Cos....................................................... 11A1,C Subway................................................................21C The Kislak Co................................................. 11A7C Value Cos.........................................................3, 20B Veraxia.................................................................11C Verrill Dana...........................................................5C WCRE....................................................................4C Whitestone Assoc..................................................6B MAREJ A dvertisers D irectory To advertise, call 1-800-584-1062
Mid Atlantic R eal E state J ournal Publisher ............................................................................Linda Christman Publisher ...............................................................................Joe Christman Section Publisher ................................................................Elaine Fanning Section Publisher ....................................................................Steve Kelley Senior Editor/Graphic Artist ................................................ Karen Vachon Office Manager ....................................................................Joanne Gavaza Contributing Columnists .................................................. Raymond Brown ................................................................................................& Daniel Flynn Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly P.O. Box 26 Accord, MA 02018 (Mail) 312 Market Street, Rockland, MA 02370 (Overnight) Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, P.O. Box 26, Accord, MA 02018 USPS #22-358 | Vol. 24 Issue 14 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
Mid Atlantic Real Estate Journal
By Raymond Brown & Daniel Flynn Small/Medium Size Cos. Should Consider a Proactive Approach to Managing Compliance & Ethics Risks
F
Faced with a signifi- cant increase in penal- ties assessed by regu-
latory agencies around the world and the potential for imprisonment of top-ranking officials, the boards of directors and top management of most large international conglomer- ates have realized that an “ef- fective compliance and ethics program,” including a Chief Compliance Officer reporting directly to the boardroom, is no longer just a “smart option” - it is a necessity. The question is: Do small and medium-sized companies with operations primarily lo- cated within the United States share this need? The prudent and proactive response is that regardless of size, all organizations with op- erations subject to regulation enforced by criminal sanctions should strongly consider de-
veloping a formal compliance program appropriate for its size and operation. What is an “Effective Com- pliance and Ethics Program”? The blueprint for an effective compliance and ethics program can be found in the sentencing guidelines for organizations adopted by the U.S. Sentenc- ing Commission in 1991. These guidelines allow lenient treat- ment for organizations that have a program demonstrating
diligence in preventing and de- tecting criminal behavior and promoting an organizational culture of ethical conduct and compliance with law. The guidelines specify sever- al criteria for such a program, including: Establishment of “standards and procedures to prevent and detect criminal conduct,” Dili- gent oversight of the program content and operation by the continued on page 8A
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Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — A
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ow green is green when we are referring to an individual or a com- pany becoming envi- L By Bob Kilroy, Jewel Electric Supply Co. The different shades of Energy Green
Recently Closed Loans
a new HVAC upon moving in. With these factors in mind we targeted our efforts on decreas- ing power consumption by turn- ing unnecessary items off using photo controls, timers and pow- er-strips that powered down when not in use additionally use 14 watt LED lamps to re- place the current 75 watt lamps to complete the first phase. Af- ter factoring rebates and state incentives we developed a plan that would completely pay for itself in energy saved within a 12 month period, improve the level of light provided and al- low the corporate headquarters
to boast they are an environ- mentally friendly company. Further that initiative with a better recycling program, a energy management system, programmable thermostats and educating their employees on inexpensive ways to save energy at home, this company knocked it out of the park! Where are you in the GREEN spectrum? Where would you like to be? What kind of Return on Investment (ROI) would you consider a home-run? Consider doing one of the fol- lowing or all 10: continued on page 8A
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must shop only in stores that specialize in organic and locally grown products, walk instead of drive, collect rain water to use later and use only products made from recycled materials. I on the other hand believe in the old adage, “every little bit helps” and “baby steps will get us there”. Every little bit will make a difference; if you are not pre- pared to go big, start out small “baby steps” after all, every little bit gets us closer to our goal. What is our goal? Reduce our carbon footprint by as much as we can as quickly as we can. We should all be working to pre- serve our planet for the future generations. People sometimes shy away from instituting, energy saving initiatives sometimes because of the start-up cost involved. So why not look to the state and federal government to subsidize your efforts? With the federal government offering tax incen- tives and the state offering rebates on projects, now is the time to take action. People often ask me “where do I begin”, when they want to reduce their energy consump- tion. I answer the question with a question, “what is right for you?” There are many way to re- duce your energy load and be environmentally friendly. Start-up cost range from free to sometimes in the millions. The key to embarking on the right program for you is to work with a energy expert who understands your needs, identi- fies your goals and is capable of providing a solution to fit those needs. Take for an example a re- cent commercial customer who wanted their business to be known as environmentally friendly but only had a lim- ited budget to work with. We worked together, identified that they had a five year lease on the building and were provided
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A — July 26 - August 15, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions P Some of Philadelphia’s most derelict properties bring in more than expected Philadelphia Housing Authority raises more than $2 million at Max Spann property auction up and rent it to a low-income family like the family she grew up in. HILADELPHIA, PA — The Philadelphia HousingAuthority will
“Every auction produces a great human interest story. Just seeing how elated Ms. Simms was to buy a property with such sentimental value for her and her desire to create an affordable home for someone else is extremely heartwarm- ing for all of us who worked on the auction,” said Dann. PHA has hundreds of long- term vacant parcels remaining and it is likely they will call on Max Spann to conduct another auction, perhaps as soon as later this year. Max Spann Real Estate and Auction Company is America’s premier real estate auction and advisory company and has been an industry leader in accelerated marketing and consulting services for more than 50 years. The company’s AcceleratedAuctionMarketing Program creates urgency in the marketplace and allows sellers to control the terms and the timing of the sale of their real estate assets. n
soon have another $2 mil- lion, thanks to an auction of 189 scattered site properties hosted by Max Spann Real Estate and Auction Com- pany . Every available property was purchased for prices rang- ing from $1,000 to $170,000 during a fast-paced four-hours- plus event. These were homes and lots that had been vacant and unusable for many years. PHA determined it made the most sense to allow private owners to buy the parcels and put them back into productive use. “Max did an amazing job for us,” said PHA president and CEO Kelvin Jeremiah . “We knew from their performance at our previous two auctions that they have a wonderful ability to generate a crowd and to bring in the highest possible prices for our properties.” The properties auctioned were some of the most derelict in the city of Philadelphia.
Philadelphia Housing Authority CEO Kelvin Jeremiah and Max Spann, Sr. greet before the PHA auction. “We know the key to serv- ing our client is ratcheting up the level of excitement and competition and generating maximum sales prices. It’s es- pecially fulfilling in cases like this one where we are raising money for a public agency that serves struggling families,” said company president Max Spann, Jr. The auction company han- dled every detail of the ef- fort including a substantial marketing campaign, news
Max Spann’s Earle Steeves encourages bidders during the PHA auction.
media outreach, informational sessions, renting a large facil- ity and of course staging the auction and processing buy- ers through the paperwork process. “We love what we do and I think it shows in how we con- duct our business. We execute a precise plan and the results speak for themselves. It’s grati- fying that PHA brought us back for a third auction based
on our results at the previous two,” said Max Spann COO Bob Dann . Among the buyers was one with a special motivation. La- verne Simms had grown up in a PHA scattered site home on North Etting Street in North Philadelphia. When she saw her childhood home on the auction list she decided to come buy it. She won the bidding at $9,000 and now plans to fix it
P lace your B usiness C ard in our A uction D irectory T oday ! C ompanies S pecializing in C ommercial /I ndustrial R eal E state C an P romote T heir C ompany and its S ervices in our T wice monthly D irectory P lease F ill O ut C oupon B elow A nd F ax I t T o 781-871-5299 or E mail lchristman @ marejournal . com
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Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — A M id A tlantic R eal E state J ournal A uctions AUCTION Commercial Real Estate 20,000± sf Commercial Building 3041 Freeport Rd, NATRONA HEIGHTS, PA Saturday, August 10 @ 11:00 AM MAIN FLOOR / SHOWROOM: 6,000± SF, 2SHQ)ORRU3ODQZLWK6DOHV2IÀFHV UPPER LEVEL: 6)2IÀFHV&RQI Room & Kitchen
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LOWER LEVEL: 4,000± SF, Showroom, 2IÀFH$UHDV &XVWRPHU:DLWLQJ$UHD &XUUHQWO\/HDVHG SHOP / GARAGE AREA: in the Rear of the %XLOGLQJZLWK:DVK%D\SOXV2IÀFHVDQG 6WRUDJH5RRPV6KRZHUDQG&KDQJLQJ5RRP PARKING WITH OVER 100 SPACES ASSORTED TOOLS & SHOP EQUIPMENT
Tri-level Concrete & Steel Beam Superstructure on 1.17± Acres Located off Rt 28 N. in Western, PA
Visit our website www.FortnaAuctioneers.com for more info & photos of the property!
A — July 26 - August 15, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions
110 S. Washington St., Berkeley Springs, WV 25411 On-site Auction: Wednesday August 28, 2013 at 12PM (Noon) EST
Don’t miss the opportunity to acquire The Country Inn, a 65 room historic hotel and spa adjacent to the famous rejuvenating waters of Berkeley Springs State Park and in the midst of many antique stores and fine dining restaurants. Only 90 minutes from Washington, DC area and metropolitan Baltimore.
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Matthew Hurley 866-424-3337 Stephen Karbelk 571-481-1037 For Property Information Package visit: www.HurleyAuctions.com or www.AmeriBid.com
Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — 7A
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A — July 26 - August 15, 2013 — Mid Atlantic Real Estate Journal
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ont. from page 2A board of directors or other governing author- By Raymond Brown & Daniel Flynn, Greenbaum, Rowe, Smith & Davis LLP Small and medium size companies should consider a proactive approach to managing compliance. . . C
programs, such as environ- mental protection, as well as the laws of other countries impacting U.S. companies, such as the United Kingdom’s Anti-Bribery Act. Does One Size Fit All? In a word, no. Although the same degree of commitment to ethical conduct and compliance is required of companies of all sizes, the official commentary to the guidelines acknowledges that smaller organizations may meet that requirement with “less formality and fewer re- sources than would be ex- pected of large organizations.” Even for a small organization, however, the program must be consciously designed. The small organization must re- alistically assess its risk of criminal and civil violations and confirm that its custom- ized program addresses all program elements identified by the guidelines. The organiza- tion must also ensure that its program can be implemented effectively, sustained over time and proven to regulators in the event of enforcement. There needs to be vigilance for new regulatory and other requirements as they emerge so that adjustments in the com- pliance program can be made, There must be a genuine, ac- tive commitment originating from the top. Some tasks can be delegated, but if top leader- ship does not show an interest, the program’s significance is seriously undermined. Are the Benefits Tangible? An effective compliance and ethics program helps recognize
and manage civil and criminal compliance risks that could devastate the organization’s bottom line, if not the organi- zation itself. Even the best compliance program may be unable to as- sure compliance by all employ- ees all the time. Misconduct by one individual can trigger civil or criminal enforcement against the entire organiza- tion. The existence and effec- tiveness of an organization’s compliance and ethics pro- gram, even if it fails to prevent a particular violation of law, is a major consideration taken into account by prosecutors and agencies when deciding whether to: • take enforcement action against the organization, • pursue criminal sanctions instead of non-criminal ones, or • bring charges against the organization’s high-level of- ficers or directors. An effective compliance and ethics program is becoming the standard of care expected of an organization’s top officers and directors. Providing such a program puts the organiza- tion, its officers and directors in a better position to defend shareholder and other litiga- tion arising out of a significant enforcement matter. Of critical importance: Com- pliance after enforcement has been triggered is almost always more costly and with fewer options than when it has been addressed proactively. What Types of Compliance Risks Can Be Managed by an Effective Compliance and Eth- son-Bergen Light Rail and NY Waterway Ferries. The space will serve as the administra- tive offices for Bayonne Medical Center who has relocated. The transaction was orches- trated by Jaime Weiss and Matthew Weiss of Weiss Re- alty Inc. of Moonachie. “Bayonne Medical Center, which manages the medical staff and top notch medical fa- cilities of three Hudson County hospitals including Christ Hos- pital, Bayonne Medical Center and Hoboken University Medi- cal Center was drawn to this building due to the attractive
ics Program? According to data collect- ed by the U.S. Sentencing Commission, the offenses for which organizations are most frequently sentenced occur in companies of all sizes. In order of decreasing frequency, they are: • fraud • environmental non-com- pliance • tax violations • competition law offenses • food and drug violations Beyond this, each business will have its own unique blend of compliance risks: Any organization involved in international trade must be concerned about risks in- cluding the Foreign Corrupt Practices Act, import and ex- port trade regulation, inter- national privacy laws, the Toxic Substances Control Act, and rapidly evolving human rights standards, among oth- ers. Added concern is spurred by counterparts of these laws and regulations in foreign countries involved in business transactions. Real estate development or- ganizations must be concerned about laws regulating financ- ing, environmental protection, and interaction with the state and local officials who must ap- prove development plans. Banking, pharmaceutical, transportation, food, chemical and manufacturing industries have suites of laws enforced by civil and criminal sanc- tions that are unique to each industry. The scope of an effective compliance and ethics program
is risk-based. A greater degree of risk warrants a greater de- gree of effort to control it, and vice versa. For example, a local paving company is expected to comply with all applicable environmental requirements, but will not be expected to have the type of robust training and auditing programs likely to be required of a large chemical manufacturing concern. Should Effective Compliance and Ethics Programs Address Liabilities Beyond Those En- forced by Criminal or Civil Sanctions? The answer is yes. There are some ethics and policy compliance issues that can be as devastating to a company as criminal liability, and that can be effectivelymanaged through a well-designed program. Organizations that are de- pendent on their public repu- tation, such as charities, com- panies that do business with governmental entities, and major retail organizations, would benefit from a compli- ance and ethics program that addresses reputational risks just as it would address legal compliance risks. Sometimes companies may even have to choose between standing on their legal rights and ad- dressing reputational harm. For instance, purchasing or selling goods manufactured in overseas sweatshops may comply with the law but may also damage a businesses reputation. Raymond M. Brown or Daniel Flynn, Greenbaum Rowe Smith & Davis LLP. in Iselin NJ. n
ity, Assignment of overall re- sponsibility for the program to specific high-level individual(s) who report directly to the board with respect to the pro- gram, Effective communica- tion and training for company personnel on the purpose and requirements of the program, Reasonable steps to ensure the program is being followed (such as internal audits) and periodic evaluation of the program’s effectiveness, A publicized system that allows employees and agents to report criminal conduct anonymously and without fear of retalia- tion, Consistent promotion and enforcement throughout the organization, including incentives for compliance and disciplinary measures for crim- inal conduct or failure to take reasonable steps to prevent or detect criminal conduct, Reasonable steps to respond appropriately to any criminal conduct that may be detected and adjust the program as needed to prevent further similar conduct, and Periodic assessment of the company’s risk of criminal conduct and appropriate adjustment of each element of the program design and implementation as needed to reduce the risk of criminal conduct. Although it originated in the U.S. Sentencing Commis- sion guidelines, the concept of rewarding an effective compli- ance and ethics program has since been incorporated into many non-criminal regulatory Jersey City, NJ — Weiss Realty announced that it has completed a 36,624 s/f lease transaction at 10 Exchange Place located on the waterfront in Jersey City. Weiss Realty represented the tenant, Bayonne Medical Cen- ter in the lease commitment for the entire 15th floor. Cushman and Wakefield represented the sub landlord, Rabo Support Services. 10 Exchange Place is a 748,000 s/f Class A TOBY Award winning building that includes direct access to Ex- change Place Path Station and is steps away from the Hud-
Weiss Realty brokers 36,624 s/f lease transaction at 10 Exchange Place, Jersey City, NJ on behalf Bayonne Medical Center
demographics and location” said Matthew Weiss. “This lease establishes the com-
pany in a prestigious upscale building in the heart of Jersey City.” n
continued from page 3A By Bob Kilroy, Jewel Electric Supply
• Buy Energy Star products • Vent Attics allowing air to flow freely • Educate others Call the energy experts or just visit us in Booth 419 at the Atlantic City NJAA show, we will show you how to find $50.00 in savings in your bath- room. Bob Kilroy, Jewel Electric Supply Co., Jersey City, NJ. n
• Insulate cracks and openings and windows • Use programmable thermo- stats • Reduce water-heater tem- perature by 5 degrees • Replace and clean filters • Turn off lights, automatically or manually • Change to a more efficient type of lighting. • Use Smart Power-Strips
10 Exchange Place
Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — 9A
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7/17/09 11:26:51 AM
10A — July 26 - August 15, 2013 — Mid Atlantic Real Estate Journal
www.marejournal.com
P eople on the M ove
An attorney with Archer & Greiner P.C. GCBA installs Benjamin Morgan as president-elect
Sauerbrey & Mandel will transition to chairman Emeritus MBRG elects Gerard Wit of St. John Properties, Inc.
Gloucester County, NJ — Benjamin D. Mor- gan , a commercial litiga-
year upon ratification. Morgan also serves as Secretary for the Gloucester County Bar Foun- dation, the charitable arm of the GCBA. The GCBA’s mission is to facilitate professionalism in the legal community and fos- ter a better understanding of the legal system within the community at large. The Presi- dent-Elect plays a major role in guiding organization policy and operations, while prepar- ing to assume the primary leadership role the following year. Morgan is a member of Ar- cher & Greiner’s Litigation Department, has experience in all aspects of litigation related to commercial matters in fed- eral and state courts in New Jersey, including construction, insurance, appellate and intel- lectual property cases, and is also amember of theMaryland Bar. n
B
ALTIMORE, MD—Ge- rard J. (Jerry) Wit , senior vice president for
conversation,” added Gover- nor Marvin Mandel. Maryland Business for Re- sponsive Government utilizes an innovative “Roll Call,” a nonpartisan flagship report card that tracks the voting record of each Maryland leg- islator as it relates to issues concerning business and over- all job creation. “Maryland Business for Responsive Government has achieved significant inroads in educating the State’s audi- ences concerning the track record of legislators when voting on issues related to job creation and attraction,” said Wit. “I am energized in finding creative and meaningful strat- egies to expand the aware- ness of these voting patterns, explain how our legislator’s actions directly impact the direction of our economy, and empower individuals and businesses to become more intimately involved in this process. Together with the Board’s assistance, we can col- lectively ‘move the needle’ to shine the spotlight on our leg- islators and hold them directly responsible for the State’s economic condition.” n as a student at the Bloustein School,” said O’Kane. “And, being specifically involved with the educational side of commer- cial real estate is a perfect fit for my skill sets and background. “My goal is to continue to im- prove the process for the deliv- ery of CEUs to commercial real estate professionals and ensure that our educational programs are of the greatest value to our core members. One of the initia- tives that I will be addressing is to continue the effort that is underway to become certified for the delivery of CEUs to professional engineers, which will enable NAIOP NJ to offer credits for a total of six profes- sions that comprise the bulk of the association’s members.” n end date of Jan. 15 will win the Bergman Broker Bowl’s MVP SUPER Reward: two VIP tickets to Super Bowl XLVIII, which will be held on Feb. 2 at MetLife Stadium in East Rutherford. The MVP SUPER Reward is offered for a new, five-year lease(s) with a cumulative space total of more than 20,000 s/f. n
tion attorney with Archer & Greiner P.C. in Had- donfield, NJ, was recently installed as p r e s i d en t - elect of the Gl ouces ter County Bar
marketing and leasing for St. John Properties, Inc. , has been elected Chairman of the not-for-profit Maryland Busi- ness for Responsive Govern- ment (MBRG). The organiza- tion is dedicated to the mission of educating elected officials, the general public and the regional business community about the critical need to foster economic development and job creation in the State of Maryland. MBRG is affiliated with the Maryland Business Leadership PAC and the Maryland Foundation for Research and Economic Educa- tion (Maryland FREE). Former MBRG co-chairs Ellen Sauerbrey and Marvin Mandel will transition to Chair- man Emeritus status and will remain active in the educa- tional and operational efforts of the organization. Wit will team with MBRG president Kim Burns to manage the group’s strategies and day-to-day ac- tivities, in addition to working with the other 19 Board of Directors that reflect a cross- section of state businesses and organizations.
Benjamin Morgan
“There is no greater priority to assure the long-termhealth, expansion and vibrancy of our State’s economy than to attract and create new jobs to our region, and the gen- eral public needs to be keenly aware about the stance local Legislators take to accomplish this initiative,” explained Ellen R. Sauerbrey, former Minority Leader of the House of Delegates. “Given his long-term suc- cess in the commercial real estate sector, combined with his understanding of the criti- cal role entrepreneurship and job creation plays in achieving sustainable economic growth, Jerry is the ideal candidate to expand MBRG’s involvement in this important and on-going Shown from left: Senator Ed De- Grange and Jerry Wit
Association (GCBA), putting him in line to serve as Presi- dent next year. Morgan is a Gloucester County native and has been active with the GCBA for the past six years. He most re- cently served as Chair of the GCBA’s Young Lawyers Board of Trustees before being elect- ed to his new position by the GCBAmembership. Under its bylaws, the President-elect be- comes president the following New York, NY — Rob- ert C. Moss has j o ined CohnReznick LLP , the 11th largest audit, tax, and advisory firm in the United States, as principal and national director of governmental affairs. Moss will lead the firm’s federal and state government relations ef- forts, particularly in the area of affordable housing and will be operating out of CohnReznick’s Boston and DC-metro offices. Moss has 28 years of af- fordable, multifamily housing experience including syndica- tion, preservation and develop- ment, debt financing, tax credit applications, and property management. Most recently, he was the senior vice president and director of Origination, Affordable Housing for Boston Capital. Moss’ extensive industry and government experience includes serving as the Chair- man of the non-partisan Hous- ing Advisory Group, which is active in preserving the Low Income Housing Tax Credit (LIHTC) program in Congress and served as the Federal Leg- islative Subcommittee Chair for the Housing Credit Group of the National Association of Home Builders (NAHB). He recently provided testimony on the LIHTC on behalf of over 450 national housing organizations before the full House Ways and Means Committee on Tax Credit Reform and Residential
Moss joins CohnReznick as principal & national director
NEW BRUNSWICK, NJ — Katherine O’Kane has been named education coordinator of Naiop NJ names Katherine O’Kane as education coordinator responsibilities include working with the Chapter’s Education Committee to prepare course outlines and applications for certification of NAIOP New Jersey’s seminars for continu- ing education credits (CEU) for multiple professions, including licensed brokers, accountants, architects and professional planners. She will also serve as a resource for members in un- derstanding CEU requirements and tracking their credits, and as the Chapter’s student member liaison for the NAIOP Scholars Program. Katherine O’Kane FLORHAM PARK, NJ — The Super Bowl is coming to New Jersey, and Berg- man Real Estate Group is sending one top-performing broker to the big game. The real estate investment and management firmannounced that it has partnered with Colliers International to launch the Bergman Broker Bergman RE Grp. & Colliers Int’l. announce Bergman Broker Bowl Bowl, a football-themed con- test centered around the re- maining space availabilities at Florham Park Corporate Center, Bergman’s 226,000 s/f, class A office property. Whichever broker leases the most space at Florham Park Corporate Center be- tween now and the contest NAIOPNew Jersey , an- nounced Mi- chae l Mc - Guinness , CEO of the commercial real estate development association. She is a gradu- ate of the University of Michi- gan with majors in History and Biology, and is current- ly enrolled at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. As education coordinator, her “I am excited to have the opportunity to learn about this industry and to be getting involved in business while I’m still on the academic side
Robert C. Moss
Real Estate hearings. “The firm continues to ex- pand its commitment to the affordable housing industry, specifically in protecting its in- terests through the legislative process. Bob will fulfill this role on a national basis and we look forward to his ability to expand our efforts in this important arena so we can preserve and even expand the resources available to our clients,” said Ken Baggett , co-chief execu- tive officer of CohnReznick. In addition to his focus on af- fordable housing, Moss will also support the firm’s government relations efforts in other key industries, such as renewable energy, newmarkets tax credit, financial services, technology, life sciences, and more. n
Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — 11A
www.marejournal.com
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