36A — November 9 - 22, 2012 — Mid Atlantic Real Estate Journal


C ompany N ews

Forming CohnReznick LLP J.H. Cohn and Reznick Group combine firms

A residential community developer & operator Mack-Cali finalizes addition of Roseland Partners, LLC

New York, NY — J.H. Cohn LLP and Reznick Group, P.C. announced the

J.H. Cohn’s CEO, Thom- as J. Marino , and Reznick Group’s CEO, Kenneth E. Baggett , will serve as Co-CEOs of CohnReznick. “This combination represents incredible opportunity for our clients, partners and our em- ployees,” saidMarino. “The firm has exceptional accounting and tax expertise and advisory skills in such areas as governance, risk and compliance; govern- ment advisory; bankruptcy and restructuring; valuation; transactions; and management consulting. We also offer deep industry insight in a number of industries, including renewable energy, hospitality, manufactur- ing and wholesale distribution, private equity, construction, life sciences and technology, not-for-profit and education, and very large concentrations in commercial real estate and affordable housing.” n investment markets advisors in the nation. Schultz, Helios’ founding member and CEO, will lead the expansion of Newmark Grubb Knight Frank Capital Group in New Jersey, work- ing with David Simson , vice chairman/COO of the New Jersey operations. “The Helios team is a valu- able addition to the financial services advisory business we are forging at Newmark Grubb Knight Frank,” said NGKF president James D. Kuhn . In addition to Schultz, for- mer Helios professionals mak- ing the transition to NGKF include JoshMalka , director; Tony Georgiev , director; and Joseph Villani , associate. The teamwill operate from the NGKF offices in Rutherford, NJ, and NYC. n The hour-long seminar, “Im- plementing DEP’s Permit Deci- sion Guarantee” will provide insight into the Department’s recently proposed Permit De- cision Guarantee Policy. This policy significantly reshapes the Department’s procedures for processing permit appli- cations across all regulatory programs and establishes new priorities that will affect time- lines for environmental permit decisions. n


dison, NJ — Mack- Cali Realty Corpora- tion has completed its

completion of their combi- nation, form- ing Cohn- R e z n i c k LLP . The combi- nation estab- lishes broad ge og r aph i c

acquisition of the real estate development and management businesses of Roseland Part- ners, L.L.C. , a multi-family residential community devel- oper and operator in the North- east, and Roseland’s interests in: six operating multi-family properties totaling 1,769 apart- ments, one condo-residential property totaling four units and four commercial properties to- taling 212,000 s/f; 13 in-process development projects, which in- clude nine multi-family proper- ties totaling 2,149 apartments, two garages totaling 1,591 parking spaces, and two retail properties totaling 35,400 s/f; and interests or options in land parcels which may support approximately 5,980 apart- ments, approximately 736,000 s/f of commercial space, and a 321-key hotel. The locations of the properties extend from New Jersey to Massachusetts. The majority of the properties are located in New Jersey, in particular at its flagship development at Port Imperial in Weehawken and West New York, in addition to the Jersey City Waterfront and other ur- COLUMBIA, MD —Taking a break fromits day-to-day real estate activities, Manekin, LLC recently participated in the United Way of Central Maryland’s (UWCM) “Fall Day of Action.” “Manekin’s participation in United Way’s Day of Action exemplifies the spirit of Liv- ing United,” said Patti She- nosky , a United Way of Cen- tral Maryland relationship manager in Howard County. “It’s about coming together and making a difference in the lives of our neighbors fac- ing poverty. We’re grateful for their commitment to our community.” Employees fromall Manekin divisions volunteered at the Howard County Food Bank. They were tasked with sorting and bagging produce – 1,006 pounds of peaches and 2,436 pounds of potatoes provided by the Mid Atlantic Gleaning Network and donated to the food bank; packaging frozen meat for families of four; stocking shelves in the food

Thomas Marino

reach for the new firm with headquarters in New York and offices from Boston to Atlanta on the East Coast – including Baltimore; Sacramento, Los Angeles and San Diego on the West Coast; and a growing presence in Austin and Chi- cago. The firm also has offices in Chennai, India and Cayman Islands, and is a member of Nexia International, the 10th largest global accounting, tax and advisory network.

RiversEdge at Port Imperial, Weehawken, NJ

as co-presidents of Roseland Management Services, L.P. , a newly formed wholly owned subsidiary of Mack-Cali, pursu- ant to employment agreements executed at closing. Mitchell Hersh , president and CEO of Mack-Cali Realty Corporation, also will assume the role of chairman and chief executive of Roseland Management Ser- vices, L.P. The transaction was financed through a combination of cash on hand and borrowings un- der Mack-Cali’s $600 million unsecured revolving credit facility. n

ban in-fill and transit-oriented locations. The Roseland business and real property interests were acquired for aggregate consid- eration of up to $134.6 million, subject to adjustment, consist- ing of $115.0 million in cash and approximately $4.0 million of assumed debt at closing and an additional earn-out of up to $15.6 million in cash over the next three years, under certain conditions. During the three- year earn-out period, each of Roseland’s principals, Mar- shall Tycher, Brad Klatt, and Carl Goldberg , will serve

NGKFexpandswithaddition of Helios Capital Advisors

New York City, NY — Newmark Grubb Knight Frank ( NGKF ) announced

that the lead- ership of He- lios Capital Ad v i s o r s , a bout i que capital mar- kets advisory firm headed by industry veteran Ste-

Manekin, LLC continues to help The UnitedWay through food drive/food bank volunteering

Steven Schultz

ven Schultz , has merged with NGKF’s capital markets advisory platform. Helios’ successful track record in assisting clients with loan sales, REO transactions and commercial real estate invest- ment complements NGKF’s growing platform and follows recent appointments that bring together some of the most accomplished capital and Williamsport, PA —To mark the opening of their new office in Williamsport, PA, the environmental and energy law firm of Manko, Gold, Katcher & Fox, LLP will host Marcus Kohl , director of the Penn- sylvania Department of Environmental Protection’s Northcentral regional of- fice , at a special program on Wednesday, November 14. The event will take place at the Eagle Rock Winery at 414 W 4th St. in Williamsport, PA

Manko, Gold, Katcher & Fox, LLP to host a seminar with PA DEP’s Kohl from 4 to 7 pm.

Shown from left top row: Bridget Stockham, Kelly Cox, Cindy Caudill, Lanika Harling and Anitra White Middle row: Deirdre Henderson, Kathy Brooks and Michelle Smith Bottom row: Mary Frances Grimmel, Paula Tignall and Scott Manhoff

pounds of food it had collected during a two-week food drive held in conjunction with the UWCM’s Access to Healthy

bank’s “grocery store,” and replacing out-of-date items. What’s more, Manekin de- livered the $475 and 334

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