Page 22 - RE-NJ Aug2020

20 AUGUST 2020
PEOPLE ON THE MOVE
JLL TAPS KLEIN AS
CAPITAL MARKETS
CO-HEAD IN N.J.
JLL has named Michael Klein as its new co-head of capital markets in New Jersey, tapping the veteran broker
to oversee the firm’s debt and equity placement business in the region.
Klein, a senior managing director, moves into the leadership role with
IBS PROMOTES ACCOUNTING, TECH PROFESSIONAL
Integrated Business Systems has promoted Steven Hirsch, a 15-year veteran of the commercial real estate technology firm, to director of product and services.
In his new role, Hirsch is overseeing development strategy and service for IBS’ core product, Imperium Powered by Acumatica, a proprietary, cloud-based property management accounting platform. It is a newly created, managerial- level position for the Totowa-based firm, in which Hirsch is tasked with gathering and prioritizing customer needs and market demands to drive product development from vision through delivery.
The longtime accounting and property management technology professional is working closely
with the IBS sales, marketing and operations teams to enhance revenue and customer satisfaction.
“Steven has been the leading voice of IBS Imperium development since the
a Manhattan-based financial services firm, where he headed
an internal software development team. The positions have given Hirsch a combined expertise in accounting, real estate and software development.
“I’ve spent the better part of my career guiding the direction of software solutions with a customer focus,” Hirsch said. “I am now in
a position to take the client voice directly to product development. With technology advances and the ever-increasing need to be ‘connected,’ this is an exciting time in the property management technology space.”
Acumatica, an outgrowth of the 40-year-old firm’s popular legacy system, supports easy integrations with best-in-class software, addressing a wide range of real estate-related tasks.
DENHOLTZ ADDS
TO CONSTRUCTION,
DEVELOPMENT TEAM
Denholtz Properties has bolstered its in-house development and construction teams with the hiring of Steve Lidster, Charlie Cleary and Jon Pierce.
Lidster joins the Red Bank-based firm as its first-ever director of development. He previously worked in Madison Marquette’s Asbury Park office, bringing a diverse background in engineering and real estate to his new role.
Cleary and Pierce have joined Denholtz as general superintendent of construction and assistant superintendent of construction, respectively.
“At the heart
of Denholtz
Properties lies
a commitment
to strategic,
community-
oriented
development,”
said Steven
Denholtz, CEO of Denholtz Properties. “By establishing the director of development position and bringing Steve on to lead
our team, we are reaffirming this commitment and are enhancing our development capabilities to better realize value through visionary development projects across New Jersey.”
As the firm’s director of development, Lidster will work directly with Denholtz and the firm’s internal construction, marketing and leasing teams to streamline and bolster its in-house development capabilities, according to a news release. He will work to identify emerging opportunities within the firm’s target development markets and will oversee its existing pipeline of projects throughout New Jersey.
Those developments include a flex industrial project in Tinton Falls and a redevelopment at Fort Monmouth, along with a repositioning of its North Gold Drive property in Robbinsville and a flex industrial building in Hamilton.
As a development manager with Madison Marquette, Lidster oversaw retail and residential projects in New Jersey. He has also served as a development manager with Advance Realty and a real estate project manager with The Briad Group.
Cleary, Denholtz’s new general superintendent of construction, brings six years of experience as a superintendent with The O’Mara Organization Inc. in New York City, the news release said. He and Pierce will work closely with other members of the Denholtz construction and development teams on a range of projects throughout the firm’s New Jersey portfolio.
The new hires mark the latest expansion of the company’s construction and development teams, the firm said. Denholtz earlier this year tapped industry veteran Chris Guderian, a former project manager with Structure Tone, to serve as director of construction.
“Over the past year we have taken significant strides to not only grow our development pipeline but enhance the operational aspects of our business that underpin our ability to execute these ambitious projects,” said Stephen Cassidy, Denholtz’s president. “A key piece of this equation is ensuring our development and construction teams have the leadership and resources they need to approach this exciting period in our company’s history. Looking at the team we have assembled today, I am confident that we have built one of most agile and experienced construction and development teams in the industry.”
Michael Klein
more than 18 years in the commercial mortgage banking industry. He now leads the Morristown- based practice alongside fellow
Senior Managing Director Jose Cruz, who spearheads the team’s investment sales platform.
“Mike exemplifies all of the qualities we look for in the next generation of leaders of this firm,” said Jon Mikula, a senior managing director with JLL and former co-lead of capital markets in New Jersey. “He started his career in commercial real estate with our team in 2002 and through his strong work ethic and dedication to his clients and partners has become one of the leaders in our business.”
Klein joined JLL as part of its acquisition of HFF in July 2019, having been involved in more than $4.1 billion in multifamily, retail, office, industrial and self-storage transactions, according to a news release. He started at HFF in 2002 after nearly a decade in public relations.
“Jon has been a mentor and partner of mine since I joined HFF and through the merger to JLL,” Klein said. “He is one of the most respected individuals in our business, has consistently led by example and has been a driver in significantly growing our platform in New Jersey over the years. He has prepared me well for this transition and I am looking forward to working directly with Jose Cruz to take JLL Capital Markets’ presence and market share in New Jersey to the next level.”
Klein is an active member of NAIOP and holds a bachelor’s degree from the University of Maryland.
Steven Hirsch
company chose Acumatica as the platform for our next- generation ERP Property Management Solution,” said Michael Mullin, IBS’ president.
“Over the past five years, his direction has taken Imperium from its first steps to its current version — with each new release focused on delivering new features and functionality. Steven is the perfect person for the director of product and services role.”
Since joining IBS in 2005, Hirsch has played a key role in driving the deep features set offered by IBS products, according to a news release. He began his career in accounting with a midsized accounting firm, moving quickly into the controllership
of a Manhattan-based computer company.
Prior to joining IBS, he also held leadership positions with a New Jersey-based commercial real estate owner and operator and
Steve Lidster