A third generation has taken the reins at one of the state’s best-known homebuilders, leading a boutique investment firm that has positioned the family as an equity investor, lender and developer with a new pipeline that is largely centered on rental properties.
In a time when investors have reaped windfalls from upgraded office buildings in New Jersey, CBRE’s capital markets team has been on the front lines — spearheading a host of high-profile deals involving newly stabilized, Class A buildings in the state.
Pierson Commercial has gained a foothold in some of New Jersey’s largest and best-known cities, fueling its growth in recent years while remaining just as active in the state’s suburbs and highway retail corridors.
Panepinto Properties has had ties to virtually every major project in Jersey City since its founding in the late 1970s — and that involvement is poised to continue through new development downtown and in the resurgent Journal Square neighborhood.
Four decades after founding Black’s Guide, Jim Black has launched a new online platform that allows users to search, sort and compile lists from a database of nearly 2,000 commercial brokers in New Jersey, allowing fellow agents to reach a specific audience as they market their properties. With contact information from more than 300 brokerage firms, Black sees an opportunity to once again be a resource for the industry.
It has been a busy three years for both Kim Brennan and David Simon, who have worked together to lead Colliers International’s expansion in northern and central New Jersey. The global real estate services firm has grown to about 36 leasing and sales brokers in the market — roughly double the size of its team in 2015 — with an expanded focus on industrial, retail and investments sales. Colliers is also marking one year since it opened an office in Woodbridge, its third in New Jersey, to help support its long-term ambitions.
Investors Bank’s expansion into central and southern New Jersey and neighboring states has been key to its growth during that time, with Tim Touhey’s team having originated more than $3.4 billion in loans.
Aside from its focus on retail property, Levin Management Corp. executives say change is one of the only other constants in their business. It’s one reason why they feel they’re built to withstand the next set of shifts and challenges to an industry that is evolving as quickly as ever.
Ken Pasternak is chairman of the KABR Group, a real estate development and investment firm based in Ridgefield Park. — Courtesy: KABR Group By Joshua Burd It doesn’t have quite the cachet of a new luxury high-rise near the Hudson…
Jack Morris and Joe Jingoli, whose families have partnered with Hard Rock International to acquire the former Trump Taj Mahal, bring decades of experience in New Jersey real estate and a level of hands-on, local expertise that an outside investor simply wouldn’t have.
Combined with the resources and the pedigree of a global brand like Hard Rock, Morris and Jingoli feel strongly that their plans for Atlantic City will be the catalyst that is often promised but not as frequently delivered. And they say it’s about more than simply reopening a casino.