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now responsible for managing the growth of Reynolds’ acquisition pipeline, overseeing diligence and closing processes, handling asset management across its portfolio and leading the firm’s third-party property management teams.
“Buddy comes to us with an impressive
real estate
background and
reputation, as
well as a passion
for the industry
that aligns with
our values,” said
Lou Reynolds,
founder and
CEO of Reynolds Asset Management. “Onboarding a seasoned professional like Buddy underscores our commitment to provide superior execution of commercial real estate projects and we look forward to implementing his talent as we continue to grow our portfolio nationwide.”
All told, Setton has nearly seven
years of acquisitions and asset management experience, according to a news release. He helped source, underwrite, negotiate and close on some $80 million of deal capitalization for Sutton Equity, while assisting with asset management needs.
Setton earned a bachelor’s in finance in December 2017 from New York University’s Leonard N. Stern School of Business. He lives in Manhattan.
SHEEHAN TAKES NJSBA ENERGY, CLIMATE POST
The New Jersey State Bar Association has appointed Genova Burns LLC attorney Kenneth Sheehan as co-chair of its Renewable Energy, Cleantech and Climate Change Committee.
Sheehan, who focuses on energy and utility law, will
hydroelectric and other clean energy technologies.
With the latest NJSBA appointment, he’ll help lead efforts to promote the development and implementation
of policies and practices that support renewable energy, cleantech innovations and climate change mitigation.
“We are thrilled to see Ken’s dedication and expertise recognized by the NJSBA,” said Angelo J. Genova, chairman and managing partner of Genova Burns. “His leadership in the Renewable Energy, Cleantech and Climate Change Committee will undoubtedly contribute to meaningful advancements in these critical areas.”
In a news release, Genova said the appointment reflects Sheehan’s extensive experience and dedication to advancing renewable energy and environmental law. Before joining the firm, he helped shape energy policies and regulations in several high-profile positions, including chief counsel and director of the Office of Clean Energy for the New Jersey Board of Public Utilities.
The appointment comes as the legal profession and public-service sectors are increasingly called upon to address the challenges posed by climate change, Genova said.
“I am honored to accept this appointment and look forward to working alongside my colleagues
to further the goals of the state, the NJSBA and the need for a sustainable energy future,”
MAHONEY NAMED PRINCIPAL WITH GENSLER N.J. TEAM
Gensler has named longtime architect Erin Mahoney as the latest principal in its Morristown office, touting her technical prowess and her more than 25 years of experience.
The global design firm said Mahoney has been with its team since 2006 and focuses on a range of practice areas, including headquarters, building repositioning, media, technology
and law firm workplaces. As technical director, she specializes in refining architectural processes and mitigating risk, which translates into established best practices and value for clients.
Her expertise also includes optimization of the design and
delivery process for building repositioning projects to create spaces that are flexible, efficient and attractive to prospective tenants, Gensler said, a critical issue in today’s post-pandemic commercial real estate market.
“Erin has been instrumental in the growth of our
projects — and
our people — in
our Morristown office,” said Becky Button, co-managing director of
the Gensler
Morristown
office. “It’s not only her precision and problem-solving that make her a champion of technical excellence, but her passion and commitment
to shaping the next generation of architects.”
The firm added that Mahoney’s leadership was essential to the plan to reposition Newark’s Gateway complex, which transformed the cluster of dated office buildings
into a large mixed-use destination. It also pointed to her involvement
in the design of an award-winning headquarters for the pharmaceutical firms Organon and Bristol
Myers Squibb in Jersey City and Lawrenceville, respectively.
Mahoney is a registered architect
in New Jersey, an accredited professional under the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale and is certified in construction documents technology, according to a news release. She holds a bachelor’s in environmental design in architecture from North Carolina State University and a master’s in architecture from the University of Pennsylvania.
HERSKOWITZ JOINS
SAGE AS PRINCIPAL
SAGE Investment Real Estate Advisors has welcomed veteran multifamily broker Eli Herskowitz as the newest principal with its Morristown-based team.
According to the firm, Herskowitz
is responsible for spearheading its transaction activities throughout central New Jersey while representing clients across New Jersey, New York State and the Philadelphia region. He has closed more than $1 billion in real estate transactions during the past 10 years, with a focus on both complex and traditional multifamily deals.
He joins founding principals Steve Tragash and Greg Pine.
“I am excited to be part of SAGE’s refreshing brokerage-firm concept, which will allow me to leverage
my extensive market experience while advancing the firm’s authentic and nimble approach to doing business,” Herskowitz
said. “SAGE’s benchmarks for exceptional, effective
and efficient service mirror that of my own work ethic and I am pleased to join Steve and Greg, with whom
I have worked for many years, and their entire team.”
Led by Tragash and Pine, both longtime brokers, SAGE announced its launch early this year. Their earliest deals included the sale of the 59-unit Metropolitan Lofts at 11 DeHart St. in Morristown, which
it brokered as part of a team that also included Gebroe-Hammer and Berkadia, and the trade of a 24-unit garden apartment complex at 456 Kinderkamack Road in Oradell. RE
TM 31
Buddy Setton
Erin Mahoney
Eli Herskowitz
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Kenneth Sheehan
serve for the 2024-2025 term as he draws
on more than two decades of experience in the field. Newark-based Genova Burns
said he has advised public and private clients on a wide range of issues including regulatory compliance, project development and financing for renewable energy projects, with expertise that touches solar, wind,