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City redevelopment project, which he
estimates will be a four- to five-year endeavor.
“The Jersey City public housing redevelopment is a transformative project and will be a role model for future mixed-use redevelopment projects across the country,” Bitterman said. “I’m excited for the opportunity
to be at PS&S
leading the
design team
and working
alongside the
developer, Winn
Development on
this $500 million
endeavor. This
project undoubtedly will continue to solidify and elevate PS&S’ reputation in the tristate area.”
Before joining PS&S, Frenze spent more than 25 years in the mechanical consulting engineering industry, most recently at Gannett Fleming. The licensed engineer has extensive experience in the management, programming, planning, design and coordination of MEP/FP projects
in many sectors with a specialty in biopharmaceutical and is responsible for tracking and instituting compliance requirements with national, state and local codes on projects.
“Over the years I’ve worked with some of the principals at PS&S on other biopharmaceutical projects, so I am delighted to be joining the firm as I continue to work on large-scale complex projects and take on new challenges in business development,” Frenze said. “While I’m excited to work on high-profile manufacturing expansions with our existing clientele, another of my primary goal over the next two years is to garner new growth opportunities in the biopharmaceutic sector out of our Doylestown office.”
MARCUS TAPS CAPITAL MARKETS BROKER GORCZYCKI
Marcus & Millichap has bolstered its capital markets platform in New Jersey with the hiring of veteran broker Dan Gorczycki.
The firm said Gorczycki, who will be based in Saddle Brook, comes to the role with more than 35 years of expe- rience and has financed transactions across the multifamily, office, industri- al, retail, self-storage and hospitality sectors. He has experience closing
land, bridge, construction and perma- nent debt transactions.
Gorczycki joins the firm’s Marcus & Millichap Capital Corp. unit as a managing
director for
capital markets.
He will be
responsible for
the origination
and placement of
debt and equity
financing for a
range of property
types in the Northeast, reporting to Marc Sznajderman.
“Dan is an integral addition to our team, and we are confident he will play a key role in expanding our footprint in the Northeast region,”
said Sznajderman, a senior vice president and head of production for MMCC’s eastern region. “His extensive experience and leadership skills make him an ideal fit and we look forward to the success he will bring to MMCC.”
The firm added that Gorczycki
has longstanding relationships
with capital sources including agency lenders, commercial banks, commercial mortgage-backed securities lenders, credit unions, life companies, private funds and bridge lenders. Prior to MMCC, he managed an originations team as a managing director for True Rate Services and held managerial positions at Avison Young and Savills.
CARYL ANNOUNCES
THREE PROMOTIONS
Caryl Communications has announced three promotions on its Hoboken-based team.
The firm, whose client roster includes a host of New Jersey real estate firms, said Jamie Platt has risen to assistant vice president, operations, after joining the company in 2017 as an executive assistant. Maxine Aviles is now account manager after rejoining the firm earlier this year, while David Wilderotter has earned a promotion to senior account coordinator after being hired last year.
“These promotions are well deserved,” said Sandy Crisafulli, president of Caryl Communications. “Jamie, Maxine and David are stellar team members and an integral part of what makes Caryl Communications tick. Our company and clients are fortunate to have their support, positivity and talent.”
In a news release, Caryl said Platt served as oper-
ations manager
before assuming
the assistant
vice presi-
dent role. She
handles a wide
range of senior
management
responsibili-
ties, from spearheading process and technology efficiencies to overseeing the firm’s day-to-day operations, and is a key member of the firm’s client service team.
Aviles, most recently a senior account coordinator, was an account coordinator during an earlier stint with Caryl from 2018 to 2020, the
sector, having been involved in more than $1 billion in transactions in his career.
His arrival comes amid major growth for B&D, which has closed on more than 38 acquisitions in the last two years, the news release said. That includes 20 acquisitions in 2023 alone, bringing total assets under management to roughly 8 million square feet across more than 200 properties in 34 states.
“We have a strong acquisition and transactions team, built on top of
a long history of investing, owning and operating industrial real estate,” said Rob Logan,
who recently
was promoted
to principal
of B&D and
oversees
acquisitions,
capital markets
and asset
management.
“In a difficult investment period, we have set ourselves apart by being well capitalized, nimble when deal issues arise, and by having
an efficient investment approval process.”
Shulman added: “It is an incredible accomplishment to have closed over 38 acquisitions in the last 24 months during such a tumultuous time. While many buyers have pulled back, B&D has charged full steam ahead. I commend Martin Segal’s leadership and senior management for building such an amazing platform, and I am honored to be part of it.”
B&D, which is privately held, is the main investment arm of the Segal family office and the Segal Family Foundation. The Warren-based
firm was established after the Segal family’s successful ownership and operation of one of the nation’s leading building supply companies, Bradco Supply, which grew to 150 branches across the United States before being sold in 2008.
The company said it was targeting value-add deals nationwide that are between $5 million and $150 million.
“We are pleased to have Jack join our team and continue to pursue strategically growing our national portfolio,” said Segal, B&D’s founder and CEO. “The industrial space continues to present attractive investment opportunities and the addition of Jack will allow us to continue to take advantage of these opportunities as they arise.” RE
David Frenze
Dan Gorczycki
Maxine Aviles
several industries, including retail and commercial and residential real estate.
The 39-year-old firm added that Wilderotter, previously an account coordinator,
has supported a
Jamie Platt
news release said. In her new account management role, the seasoned PR professional is leading efforts for clients across
Jack Shulman
range of efforts,
including client
communication,
press release
planning and
distribution and
special projects.
His client
service responsibilities span health care, architecture, residential real estate and others.
SHULMAN JOINS B&D AS SVP OF ACQUISITIONS
Industrial real estate investor and developer B&D Holdings has tapped industry veteran Jack Shulman
to spearhead its expansion in the Northeast.
As senior vice president of acquisitions, Shulman will source value-add and opportunistic industrial deals in the region with an emphasis on northern New Jersey, according to a news release. He comes to the post with more than 17 years of experience in the real estate
David Wilderotter