Hollander Promoted to Director at Cushman & Wakefield

EAST RUTHERFORD, N.J., Sept. 13, 2010 ‚Commercial real estate services firm Cushman & Wakefield, Inc. has promoted Harlan Hollander, JD, of Manhattan to Director, Brokerage Services, in the firm’s East Rutherford office. The announcement, made by Gualberto ‚Gil Medina, Executive Managing Director, marks Hollander’s second advancement in two years.

Hollander joined Cushman & Wakefield in 2005 and specializes in representing corporate users and major landlords in their real estate dealings. He is a member of one of the firm’s top producing New Jersey teams; his group has completed in excess of $1.2 billion in assignments locally, regionally and nationally. His recent highlights include leases for STV Group Inc. (116,000 square feet), Verint Systems, Inc. (25,000 square feet) Laborers International (16,500 square feet), The Christopher & Dana Reeve Foundation (13,500 square feet) and Jobel Management Corp. (11,000 square feet) among others.

Prior to joining Cushman & Wakefield, Hollander practiced law at a Manhattan-based law firm, specializing in litigation. His responsibilities included contract negotiations, motion practice, drafting pleadings and memoranda, and participating in trials and depositions. Hollander credits part of his success during his first five years in commercial real estate to this background.

”Harlan takes a consultative approach to real estate services by leveraging his legal training and education, local market knowledge, and industry relationships,” Medina noted. ”His training as an attorney provides his clients a clear competitive advantage in that he offers first-hand knowledge of relevant lease documents. He is a terrific asset for his team and for the Cushman &Wakefield organization”

Hollander was named among Real Estate Weekly’s Rising Stars in 2007. He earned a Bachelor’s degree in Business Consulting at the University of Michigan, Ann Arbor, and continued his education at New York Law School, where he obtained his JD degree. Hollander is a licensed New Jersey Salesperson and an admitted Attorney in the State of New York.
NEWS RELEASE

Cushman & Wakefield of New Jersey, Inc.

One Meadowlands Plaza

East Rutherford, New Jersey 07073

Media Contact: Evelyn Weiss Francisco: evelyn@caryl.com, (201) 796-7788

Morristown Redevelopments Pave Way for Upscale Retail

Cushman & Wakefield Marketing 100,000+ Sq. Ft. in Agency Assignments

MORRISTOWN, N.J., June 11, 2010 – Anyone visiting downtown Morristown these days would have a hard time missing the redevelopment progress on and around the town’s famous green. As Morristown positions itself to accommodate an influx of people who are buying and renting luxury housing units at these residentially focused mixed-use projects, the town‚Äôs retail landscape is changing notably.

As leasing agent for more than 100,000 square feet of Morristown retail space, much of it being built to support this new residential inventory, Cushman & Wakefield, Inc.’s Rick Rizzuto is highly in tune with this upscale shift, including what concepts are being targeted, which tenants are leasing and where, and what the future will likely bring for the town. He elaborates in the following interview.

Describe the redevelopment picture in Morristown.
Some powerful developers are investing a lot of money in Morristown, with the aim to increase the town’s wealthy population. Rosewood, alone, has some $500 million in mixed-use projects underway, including 40 Park on the Green and The Metropolitan at 40 Park, The Highlands at Morristown Station, and The Residences at Vail Mansion. These properties are being built to the highest quality, which reflects the direction of the town as a whole. And this vision is being justified. We are seeing multi-million-dollar condo units sell on a regular basis. If things continue in the current direction, the near-term shift in the town’s mix of residents and the retailers in place to support them will be pretty vast.

This level of activity seems to go against the grain considering the current economic climate.
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National Industrial Performance Provides Reason for Optimism

Cushman & Wakefield Reports Positive Trends in Manufacturing and Inventories

June 17, 2010 – While the industrial market is not a crystal ball, it typically is the first commercial real estate sector to rebound from a recession. And, according to Cushman & Wakefield, Inc.’s Jim Dieter, SIOR, executive vice president, Industrial Brokerage, U.S., national trends heading into the second half of 2010 provide reason for cautious optimism about what the future holds across product sectors and the economy in general.

“The industrial market is showing positive signs, both ‚ paper‚ and in market fundamentals,” Dieter said. ‚”While overall vacancy continued to climb during the first months of 2010 resting at just under 11 percent at the end of the first quarter, 60 percent of the markets tracked by Cushman & Wakefield reported an increase in year-over-year leasing activity. Nationally, leasing activity increased 10 percent, to 60.5 million square feet, over the same period last year.”
Dieter added that, in early 2010, construction completions reached their lowest point since Cushman & Wakefield started tracking. A lack of new product coming online and the expected continuation of steady leasing through the coming months should boost absorption numbers.
Positive trends in manufacturing and inventories suggest that the industrial recovery will continue to gain momentum, according to Dieter. The Institute of Supply Management Manufacturing Index, which serves as the benchmark on how the country tracks manufacturing performance, is coming into 10 straight months of improvement, he said. “We also are seeing that the universal ‚stocking‚ or inventory reduction that has taken place among major companies through the down cycle is beginning to end.”

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NAIOP NJ: Environmental Update – Culture Change at DEP

Commissioner Bob Martin and Two Expert Panels Explore the Often Conflicting Issues Affecting both Development and Preservation

NEW BRUNSWICK, N.J., June 18, 2010 “Our regulations and decisions need to be based on sound science while also vigorously enforcing our environmental laws.” That was the message delivered by New Jersey Department of Environmental Protection (DEP) commissioner Bob Martin to attendees of NAIOP New Jersey’s Environmental Issues Update.

Terming the new attitude at DEP a “culture change,” Martin explained that while guarding the environment, his agency also plays a key role in economic development. The thrust of the change at DEP includes the message delivered clearly to staffers that, “the applications on your desk right now are jobs, and they can’t be allowed to just sit there,” he said. “We are pushing every day to focus on growing business in the state while simultaneously protecting the environment. And in Chris Christie, we have a governor who ‘gets it’.”

The commissioner explained that his office has Continue reading

Cushman & Wakefield Investment Team Expands Multi-Family to Serve Philly, Del., South Jersey

Metropolitan Area Capital Markets Group Tapped to Serve Clients in Philly Metro Market

EAST RUTHERFORD, N.J., April. 27, 2010 – Cushman & Wakefield, Inc.’s Metropolitan Area Capital Markets Group today announced the geographic expansion of its multi-family investment sales practice to include the Philadelphia Metro market, including Southern New Jersey and Delaware. Based in East Rutherford, N.J., the team specializes exclusively in real estate sales, joint ventures and financing across product types; and has a deeply rooted clientele of active investors in the New York tri-state regional market.

Until now, the Metropolitan Area Capital Markets Group has focused on client assignments in Northern New Jersey; the State of New York outside of New York City; and Fairfield County, Conn. Since 2004, the team has completed approximately $2 billion worth of multi-family sales in this market area. Among them, it recently orchestrated the $71 million trade of Fox Run Apartments in Plainsboro, N.J., which represented the Garden State’s largest multi-family rental property sale of 2009.

“The Philadelphia, South Jersey and Delaware market is a natural extension for us,” noted Andrew Merin, vice chairman and head of the Metropolitan Area Capital Markets Group, who has spearheaded his team’s emergence as a dominant player in the multi-family arena with team members David Bernhaut, Gary Gabriel and Brian Whitmer.

“Cushman & Wakefield’s Philadelphia team already has an established presence on the ground, with a well-qualified team of professionals in this dynamic market,” he continued. “We will augment its efforts, capabilities and reach by bringing in our skills set and access to a rich buyer base from the New York area.”

According to Whitmer, this expanded regional approach will enable the team to enhance service for its clients. “We now cover a major geographic span for multifamily from upstate New York to western Pennsylvania,” he said. “Many of the private and institutional investors with whom we have relationships are active throughout the Northeast and Mid-Atlantic regions as buyers and sellers. We look forward to assisting them with their multi-family investments in Pennsylvania.”

John Derham, branch manager for Cushman & Wakefield’s Philadelphia office, further echoed these benefits. “Andy, Brian and the rest of the Metropolitan Area Capital Markets Group have led our company as a prominent force in the New York/New Jersey region for many years” he said. “We welcome them as an extension of our local team and look forward to working with them to benefit our clients and the growth of the Cushman & Wakefield organization within the multifamily arena here.”

“Karen Iman, senior director of our Philadelphia-based capital markets team, will work closely with the group from New Jersey as the local anchor to launch and execute multifamily investment sales” added Paul Torosian, who heads Cushman & Wakefield’s Philadelphia capital markets practice.

The Metropolitan Area Capital Markets Group has completed more than $13.7 billion worth of office, industrial, retail, multifamily and land transactions since 2000. Over the past four years, this included an average of more than $1.5 billion annually. In 2009, despite a sluggish investment sales environment, the team closed 20 deals with a cumulative value of $751 million ‚ nearly 43 percent of its market area’s total activity. Real Estate Alert reported the Metropolitan Area Capital Markets Group as having the highest reported market share ‚ 73.4 percent in the largest, non-CBD market it tracked last year, and cited the team as responsible for two of the nation’s top 20 office sales.