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record of success in this new role.”
Todd’s other institutional clients in the region have included Brookfield Corp., CenterPoint Properties, Realterm and Terreno Realty Corp. In addition to his new role with NAI Hanson, he currently serves
as secretary for the Society of Industrial and Office Realtors’ New Jersey chapter and provides in-
depth insights on a variety of topics impacting the New Jersey commercial real estate market alongside Perkins in their quarterly video series, “The Brokers,” as well as a monthly podcast by the same title.
“Throughout the past decade, northern New Jersey has emerged
as one of the most highly coveted industrial markets nationwide,”
Todd said. “However, the market’s intense competition and complexity can pose challenges for institutional investors aiming to penetrate it. I take great pride in collaborating
with our institutional clients and am excited to continue to provide the indispensable market insights and strategic guidance they need to make well-informed choices and achieve their real estate objectives.”
ERHARDT-WOJIE
JOINS AMBOY BANK
BOARD
Kelly Erhardt-Wojie, a veteran attorney in the banking and real estate space, has joined Amboy Bank’s board of directors, the Old Bridge-based lender announced.
The shareholder with Wilentz, Goldman & Spitzer PA’s banking
and financial services group comes to the post with more than 20 years of experience. Since joining the Woodbridge-based firm, she has focused her practice on banking and real estate, representing several lending institutions in commercial and residential transactions in both New York and New Jersey, including acquisition and construction financing, participations and assignments.
Her real estate practice includes representing private developers in contract negotiations, acquisition, financing, leasing and sales, according to her bio. She is a member of the New Jersey State, Middlesex County and Monmouth County
bar associations, as well as the commercial lending committee of the New Jersey Bankers Association.
“We are thrilled to welcome Kelly Erhardt-Wojie to our esteemed board of directors,” said Greg Scharpf, Amboy Bank’s CEO and president. “Her proven leadership and industry knowledge will be invaluable in ensuring the continued prosperity of the bank. We are fortunate to have someone of her caliber and she will be a tremendous asset to the Amboy Bank board.”
MULTIFAMILY
FINANCE EXPERT
JOINS CBRE
CBRE has added broker Jason Stein to its Saddle Brook-based team, helping to bolster its debt and structured finance business in multifamily and other asset classes.
According to the firm, Stein brings more than a decade of real estate lending experience. He specializes in financing for market-rate and affordable multifamily, construction and substantial rehab assets and senior housing.
He joins CBRE as a vice president with its debt and structure finance group, the firm said.
“We are thrilled to have Jason join our industry-leading capital markets team,” said Jeff Hipschman, senior managing director and New
Jersey market leader for CBRE. “His strong, collaborative relationships nationwide
and expertise
in originating
(Federal Housing
Administration and U.S. Housing and Urban Development), Fannie Mae, Freddie Mac, CMBS and bridge loan products, make him a tremendous asset as we continue to grow our practice.”
In his previous role, as a vice president at Greystone, Stein originated more than $500 million in loans, predominantly in the multifamily sector.
“I am honored to become a part of CBRE’s esteemed global real estate platform, and eagerly anticipating the opportunity to collaborate closely with the FHA team as we propel it through its next phase of growth,” Stein said. “My goal is to play a pivotal role in enhancing CBRE’s services, ensuring that we not only meet but exceed expectations
in delivering unparalleled client
financing solutions.”
PGIM REAL ESTATE
NAMES CO-CEOS
PGIM Real Estate has picked longtime executives Cathy Marcus and Raimondo Amabile as co-CEOs amid several new appointments for the Newark-based asset manager.
In a news release, the company said Marcus and Amabile assumed their new posts on Oct. 1 and will jointly
PGIM Private Capital and Montana Capital Partners, which focuses on private equity secondaries.
“Cathy and Raimondo are well- positioned to lead PGIM Real Estate, having each expanded their global and regional responsibilities through a progression of leadership roles over the last several years, and through their established, decade- long partnership driving the strategic initiatives of PGIM Real Estate globally,” Adler said. “Delivering strong, long-term returns and outstanding service to our clients hinges on our ability to effectively develop our
talent and
execute robust
succession
planning. The
incoming
leadership
team brings
significant
real estate
investment management experience to their roles, and I look forward to continuing to work with them in my expanded role.”
HLW TAPS STRICKLAND TO LEAD N.J. OFFICE
Global architecture, design and planning firm HLW has named Melissa Strickland as its new managing director in New Jersey.
Strickland, a principal and workplace sector lead who joined the firm in 2017, will helm the Madison-based team as it looks to strengthen
and diversify its portfolio with an increasing emphasis on agility, sustainability and innovation, according to a news release. She will also seek to cultivate talent across its roster of designers and consultants, while staying active in oversight of the office’s projects — including work totaling more than 1.7 million square feet that’s currently in progress.
“When I started at HLW seven years ago, I was inspired by its client- centric mission, because it mirrored my own project philosophy,” Strickland said. “What I found
was a culture that embraces the differences and strengths of each
of its team members, supporting
our development and success as
the unique individuals we are. I
am excited to play a greater role in fostering that environment and the growth it affords — for both the New
Cathy Marcus
run the business in an expansion of their existing global and regional roles. They have worked together for more than a decade, PGIM said, noting that
they will retain their responsibilities as global chief operating officer
and global chief investment officer, respectively.
The PGIM and Prudential Financial Inc. unit, meantime, announced several other moves:
Soultana Reigle, currently senior portfolio manager for U.S. equity value-add strategies, has been promoted to head of U.S. equity, replacing Marcus in that role.
Sebastiano Ferrante, currently deputy head of Europe, has been appointed head of Europe.
Enrique Lavin, currently deputy head of Latin America, has been appointed head of Latin America.
Christina Hill will expand her existing Americas-focused asset management and global ESG responsibilities in a newly created role as global head of asset management and sustainability.
Reigle and Ferrante will assume the leadership roles in addition to their existing senior portfolio management responsibilities in each region, the news release said. Bryan McDonnell will continue in his role as head of U.S. debt and agriculture and chair
of global debt, while Benett Theseira will remain head of Asia Pacific.
The changes follow the formation
of PGIM Private Alternatives under the leadership of current PGIM Real Estate CEO and President Eric Adler, who will look to position the PGIM brand as a leading private alternatives manager with $310.9 billion in assets under management. Those strategies are managed by PGIM Real Estate,
Raimondo Amabile
Jason Stein