Page 26 - RENJ Aug2021

24 AUGUST 2021
URBAN EDGE ADDS
FORMER TRIPLE FIVE
LEASING EXECUTIVE
Urban Edge Properties has hired Sandi Danick as a senior vice president of leasing as part of its plan to reposition a well-known mall in Bergen County and other pieces of its portfolio.
Danick, who brings more than 30 years of retail leasing experience, joins the
SANZARI TAPS
LONGTIME FINANCE
EXECUTIVE AS CFO
Alfred Sanzari Enterprises has hired Timothy DeCola as its new chief financial officer.
The owner and developer, which is based in Hackensack, said DeCola joins its team with more than 25 years of experience in real estate financial management. He will leverage his background in financial analysis, management and planning, along with qualifications in investor relations and acquisitions, as he works closely with the company’s leadership team and oversees the accounting and finance departments.
That will encompass areas such as budgeting, forecasting, credit and cash management and lease administration, ASE said. DeCola will also oversee the organization’s risk management.
“We are thrilled to be able to bring Tim on board,”
challenges that the future might present,” said Ryan Sanzari, ASE’s president.
DeCola holds a bachelor’s in finance and an MBA in accounting from LaSalle University, according to a news release. He is also a decorated veteran of the wars in Iraq and Afghanistan, having reached the rank of master sergeant in the Marine Corps Reserves, and was awarded the Marine Corps Achievement Medal in 2003 and the Meritorious Service Award in 2011.
“I consider myself fortunate,” DeCola said. “Working in the real estate industry is my passion, and I am thankful for
the opportunity to join one of New Jersey’s most successful and respected commercial real estate companies. I look forward to working with the Alfred Sanzari Enterprises team to help them build upon their seven-plus decades of commercial real estate success.”
DEVELOPMENT EXEC JOINS HOUSING CONSULTANT FIRM
Rockabill, a Hoboken-based consulting firm focused on affordable housing, has hired Laura Michener as a senior vice president.
The company said Michener brings substantial experience in underwriting and project management of affordable and supportive housing projects, having led developments in New
York, Connecticut, Maryland and Pennsylvania,
according to a
news release. In
while being best-placed to achieve long-term financial stability,” Rockabill wrote in its announcement.
Michener also previously ran The Margins Project, a community-based homelessness services nonprofit based in London, the firm said. She holds a master’s in building and urban design from The Bartlett School of Architecture at the University College London and a bachelor’s from Fordham University.
INSURANCE FIRM NAMES NEW V.P. IN HAMILTON OFFICE
RT Specialty has promoted
Maureen Amari to vice president of operations within its Hamilton-based environmental and construction professional practice.
In a news release, the insurance brokerage said Amari was the first hire for the division
when it was
formed in 2005.
Starting as an
account and
office manager,
she now
supervises the
organization’s
training efforts
and day-to-day operations, while
also serving as the practice’s resident specialist on process and surplus lines compliance issues.
“Maureen has been with us since the beginning,” said Jefferey S. Lejfer, president of RT Specialty’s Hamilton office. “She has grown alongside our team and played a valued role
in our growth from a niche player
to the market’s premier resource for environmental and construction-related insurance solutions. Her dedication to this team and our clients has been a driving force behind our success for the past 16 years.”
Amari joined the team with more than 25 years of commercial and personal insurance lines experience, the news release said. In addition to serving as an assistant vice president at Aon for 15 years, she worked at Prudential in the United Kingdom for three years and at independent insurance firms in New Jersey for another 10.
“The strength of this team has been
the quality of our people,” Amari said. “Flexibility, motivation and expertise are the hallmarks of everything we do. We are and always have been a culture defined by a powerful mix of teamwork, independence and knowledge.” RE
Sandi Danick
company after nearly decade with Triple
Five Group.
The real estate investment trust said that, as part of her new role, she will focus on new brands and
partnerships to help grow its Bergen Town Center in Paramus and other properties.
“Sandi’s expertise will enhance Urban Edge’s relationships in the world
of mall-specific tenants as well as entertainment concepts and continue to identify how those brands can partner with us for future success,” said Chris Weilminster, executive vice president and chief operating officer
at Urban Edge. “As an ambassador to these retail partners, we can be assured that the most creative and productive transactions will create new excitement and value throughout our portfolio.”
Urban Edge recently oversaw a $50 million renovation of Bergen Town Center, the second-largest mall in Paramus. Upgrades include the addition of vertical density with a third-floor Burlington, the introduction of Park Assist to the west garage, renovations to the east garage to provide better access and a new children’s play area in the interior portion of the mall.
With Triple Five, Danick oversaw leasing for the high-profile American Dream and Mall of America properties in East Rutherford and Bloomington, Minnesota, respectively. She joined the company in October 2012 after long tenures with major retail owners such as Macerich, Westfield and Glimcher, having overseen leasing, development and merchandising of high-profile properties such as Tysons Corner Center, The Shops at Northbridge, Queens Center, Jersey Gardens and Westfield Garden State Plaza.
The New York City resident holds a degree in real estate, finance and urban development from American University.
Alfred Sanzari Enterprises CEO David Sanzari said. “Tim is
no stranger to the impact a well-executed financial strategy has on a real
Maureen Amari
Timothy DeCola
estate organization, and the skills and experiences he brings to the table are exactly what we are looking for.”
DeCola most recently was the chief financial officer at Black Spruce Management, a multifamily real estate investment and management company owning more than 5,500 units in New York City, the firm said. During his tenure, the company successfully implemented a state-of-the-art, technology-powered budgeting process and accounting and HR solutions
that led to enhanced efficiency and organizational transparency paired with substantial cost savings.
He is also a former chief financial officer for several real estate management and development companies including McConnell Development, The Commonwealth Group, Pettinaro Construction Co. and Levin Management Corp.
“Tim is an expert in his field whom we have no doubt will bring tremendous value to our company as he streamlines our financial operations and ensures that we continue to be a resilient and agile organization that is well-prepared to respond to any opportunities and
those efforts, she
oversaw projects
from inception
through design,
finance, build,
lease-up and
government-
supported conversion to affordable housing.
Michener previously was vice president of real estate development at HELP USA, a New York-based national affordable housing developer and shelter provider, the news release
said. In that role, she focused on the development of housing for chronically homeless households, low-income families, veterans and seniors.
“Coming from a nonprofit background, Laura focuses on creating a strategy for each project that meets the goals of the organization and local community, has thoughtful social services and management and is viable to deliver
Laura Michener