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education and development of new builders. Weissman’s vision for the
investment banking and asset management and disposition.
SEAGIS’ AHMED
NAMED TO CHIEF
DEVELOPMENT POST
Seagis Property Group has appointed veteran commercial real estate executive Omer Mir Ahmed as its chief development officer.
Ahmed, who is based in
East Rutherford, joined the Conshohocken, Pennsylvania-
based firm in
September 2015
as its senior
vice president
of development.
Since then, he
has overseen
$400 million in
development
of newly built
warehouse and distribution facilities and is responsible for oversight of the company’s $300 million development pipeline.
“Omer’s appointment as our chief development officer is very well- earned,” Seagis CEO John Begier
said. “We started the company in
2005 as buyers of existing buildings and, since his arrival in 2015, our development platform has become
an integral part of our business. His unique expertise in taking complex properties and transforming them into new warehouse developments has significantly enhanced our portfolio.”
Ahmed, who spent nearly a decade with Russo Development, is also a NAIOP New Jersey trustee and an active member of the commercial real estate development association. Seagis’ most recent transactions in New Jersey include its purchase of a vacant 30,058-square-foot warehouse at 25 Amor Ave. in Carsltadt that
it’s slated to renovate, seeking to capitalize on a location near the New Jersey Turnpike and the region’s vast highway network.
SALOWE-KAYE TO LEAD CIS NONPROFIT AFFILIATE
Phyllis Salowe-Kaye, the longtime head of New Jersey Citizen Action, is now leading the Communities First Initiative, the nonprofit partner of Lawrenceville-based Community
Investment Strategies Inc.
The well-known affordable and senior housing developer announced recently that CFI’s board of directors has appointed Salowe-Kaye as its executive director, effective Jan. 19. The move
Derek Weissman
BANNJ centers on fostering
a supportive community that encourages
the exchange of knowledge, best practices and the latest industry trends
follows her
37 years with New Jersey Citizen Action, an influential grassroots organization
that fights for social, racial and economic justice,
to ensure its members are well- equipped to meet the challenges of the modern construction landscape, the group said.
Other new appointments to BANNJ are Candy Gordon-Geanoules as the vice president, Kimberly Little as associate vice president and Jackie Giraldo Ferguson as second associate vice president.
As BANNJ noted, Procida Funding provides due diligence and asset management services to developers, financial institutions and private equity funds with a concentration
on development, construction, bankruptcy, restructuring and marketing. The firm’s specific services include development management, construction supervision, restructuring, crisis management,
Phyllis Salowe-Kaye
Omer Mir Ahmed
during which the group provided direct services and support to more than 18,000 families and seniors across New Jersey.
“The addition of Phyllis to the CIS family brings a new level of attention and commitment to resident life within CIS communities,” said Christiana Foglio, CEO of Community Investment Strategies. “Shelter is
only one aspect of the needs of income-restricted residents. CIS
has done a great job addressing this need for over 30 years, but the real measurement of success is how well families and seniors live within our communities.”RE
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