CBRE’s Saddle Brook office at Park 80 West in Saddle Brook — Courtesy: CBRE
By Joshua Burd
CBRE has added to its team of investment sale brokers in New Jersey with three new hires.
The firm announced that it has hired Steve Mariani, Manveer “Manny” Sanghera and Trevor Fiebel as part of its Investment Properties Group. They will be based in Saddle Brook and work closely with Nat Gambuzza, a senior vice president who leads New Jersey’s CBRE Investment Properties Group.
“Since I joined CBRE in 2016, we have continued to ensure the consistent delivery of outcomes for our clients,” Gambuzza said in a prepared statement. “The newest additions to our team will help us to maintain and expand our reach in the market and continue to provide the type of superb client service we are known for throughout New Jersey.”
Mariani joined CBRE as a vice president and represents investors and sellers of commercial investment properties throughout the tristate region, with a focus on New Jersey, according to a news release. He has transaction experience with multiple asset types, including office, industrial, retail, mixed-use and single occupier net-leased properties.
He has held past positions at another real estate investment firm and operated Jersey Appraisal Group, a statewide real estate appraisal firm. Mariani has also held licenses as a certified real estate appraiser, title insurance producer and registered securities representative.
CBRE has hired Sanghera as an associate, with focuses on the sale of multifamily and mixed-use investment properties in Hudson County and Newark, the news release said. The Penn State University graduate has a financial planning background that the firm said allows him to assist in tax and investment strategies, which helps his clients make the best decisions for their real estate investments.
Meantime, Fiebel specializes in the sale of multifamily and mixed-use properties in Union and Middlesex counties, while also maintaining developer relationships in Newark.
The Investment Properties team has serviced clients including private investors, partnerships, lenders and institutions of various net worth, the news release said. The team completed $56.6 million in multifamily sale transactions during the first quarter of 2018 and is on pace to surpass its 2017 levels by the end of the year.
Noteworthy deals this year include the $18.3-million sale of a 162-unit portfolio at 400 Neptune Blvd., 1819 Bangs Ave. and 400 Neptune Blvd. in Neptune, along with the $12.2 million sale of 63 units at 47 Union St. and 180 Orange Road in Montclair.