Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

04/25/2017 Company News

Capital Outlook for U.S. Real Estate Sector on the Rise, Annual Akerman Report Finds

Akerman LLP

Increased confidence in the commercial real estate market has taken hold since the U.S. presidential election, according to a report released today by U.S. law firm Akerman LLP. The eighth annual Akerman U.S. Real Estate Sector Report revealed 53 percent of investors and lenders are more optimistic about the 2017 outlook for the U.S. commercial real estate market, compared to only 38 percent last year. The prospects of deregulation, tax reductions and stronger economic growth have renewed investor confidence. Sixty-four percent of real estate executives interviewed after the election say the Trump administration's agenda will have a moderately or significantly positive effect on the industry. This number is up from 54 percent who were bullish about the pro-business presidential candidate during the 2016 campaign. This increasingly optimistic view of the market is tempered by new uncertainties. The potential impact of a rising interest rate environment and the unintended consequences policy changes could have on the U.S. economy are top of mind for real estate executives, according to the Akerman Report (85 percent). Nearly 12 percent see the rise in purchase prices as another pressing issue affecting the real estate sector. Several say the risk of reduced cap rates and higher borrowing costs will continue to drive deals to secondary and tertiary markets, and new creative segments. "As 2017 unfolds, industry executives are increasingly optimistic about the state of the U.S. commercial real estate market," said Richard Bezold, chair of Akerman's Real Estate Practice Group, which is ranked sixth by Law360 among the largest teams of real estate lawyers in the United States. "There are headwinds, but as we move into a deregulated environment, we expect less restrained capital to pursue opportunities actively and aggressively. Local market knowledge and innovative investment strategies will continue to be the key differentiator for successful real estate investors."

Contact: Marlisa Serrano, 305-349-4946

04/04/2017 Company News

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Contact: aaa, 222-222-2222

03/29/2017 Company News

C&W Services Hires Scott Conover as Director of Business Development

C&W Services

C&W Services, one of the largest facility services companies in the US & Canada, recently hired Scott Conover as Director of Business Development. Scott will plan and coordinate the implementation of new business pursuit plans and the penetration of new markets for C&W Services.

Contact: Monique Derico, 617-646-3315

03/29/2017 Company News

Eastern Bank Corporation elects new Board members at 199th Annual Meeting

Eastern Bank

BOSTON, March 29, 2017 – Eastern Bank, America’s oldest and largest mutual bank, continues to increase the diversity of its leadership, as it announced today several key additions to its governing body. The new Corporators and Trustees were elected at the Annual Meeting of Eastern Bank Corporation held on March 7, 2017 at the Boston Convention & Exhibition Center. With this year’s election, more than 40 percent of Eastern’s Board of Corporators is now comprised of women, people of color, and members of the LGBTQ community. Ten years ago, white males made up 92 percent of the Board. “We are proud of our efforts in diversity and inclusion, but understand we have more work to do to accomplish broader representation from the various customers and communities we serve,” said Bob Rivers, Eastern Bank Chairman and CEO. “Eastern will benefit tremendously from the talent and diverse perspectives of this year’s class of Trustees and Corporators. Everyone at Eastern is excited that Elyse, Scott, Leverett, Nurys, Josiane, and Eneida have chosen to join us for good.” The following individuals were named Trustees of Eastern Bank Corporation: • Elyse D. Cherry, CEO Boston Community Capital; • Scott E. Squillace, Esq., Owner/Principal, Squillace & Associates (joined Eastern as a Corporator in 2013); • Leverett I. Wing, Executive Director, The Commonwealth Seminar. The following individuals were named Corporators of Eastern Bank Corporation: • Nurys Z. Camargo, Regional Director of External Affairs, AT&T Massachusetts; • Josiane Martinez, Founder & CEO, Archipelago Strategies Group; • Eneida M. Roman, Esq., Owner/Principal Roman Law & Co-Founder, Latina Circle.

Contact: Andy Ravens , 781-598-8528

03/27/2017 Personnel News

C.W. Driver Companies Promotes Paul Ruig, LEED AP, to Vice President of the Greater Los Angeles Region

C.W. Driver Companies

C.W. Driver Companies, a premier builder providing general contracting, construction management and design-build services to the Western United States, has promoted project executive Paul Ruig to vice president of the Greater Los Angeles region, the company announced today. In his new role, Ruig will work with project owners and architects to oversee construction projects from preconstruction and planning phases to final project delivery. He will also develop new business opportunities in the region, with a focus on hospitality, commercial, education, entertainment and studio work. A LEED (Leadership in Energy and Environmental Design) Accredited Professional, Ruig moved up the ranks at C.W. Driver Companies after serving as a project executive, project director and senior project manager. “As a veteran member of the C.W. Driver Companies family, Paul couldn’t be more deserving of this promotion,” said Karl Kreutziger, President of C.W. Driver Companies. “His extensive track record of providing excellent client service and exceeding project expectations will be invaluable as he continues to expand our presence in the Orange and Los Angeles County regions while providing leadership for our professional teams within our organization.” With 20 years of experience, 15 of which is with C.W. Driver Companies, Ruig has worked on more than 30 major projects including Irvine USD Portola High School ($100M), SONY Pictures Studios’ 8-Story Office Building and LOT & Office Transformation projects ($200M), NBC Universal’s Universal City Broadcast Center ($95M) and Extron Electronics’ new headquarters ($51M). Paul is currently in the preconstruction phase on the following projects: Wincome Group’s Anabella Hotel ($220M), Merlone Geier Partners’ Five Lagunas Mall Redevelopment ($75M), Europa Temecula Hotel & Winery Resort ($50M) and Irvine USD Heritage Fields K-8 school ($35M).

Contact: Jade Terry, 714-263-8752

03/27/2017 Company News

CenterPoint Properties Names Tony Beck to Senior Vice President

CenterPoint Properties

OAK BROOK, IL – CenterPoint Properties is thrilled to name Tony Beck CenterPoint’s Eastern Region Senior Vice President. In his role, Mr. Beck will be responsible for eastern market expansion, including sourcing new development opportunities, developing broker relationships and negotiating development terms. “Given his extensive experience across all lines of development, leasing and operations, we’re excited to have Tony move into this new role and take on a leadership position within the company,” said Michael Murphy, CenterPoint’s Chief Development Officer. “Since joining us in 2015, he has become an integral part of the east coast team and we look forward to building upon that success in this new role.” Prior to joining CenterPoint, Tony served as Vice President and Corporate Officer at First Potomac Realty Trust. He has more than 20 years of private and public real estate company experience with expertise in development and acquisitions as well as asset and operations management. “Moving to CenterPoint in July 2015 was the highlight of my career,” said Mr. Beck. “I am surrounded on a daily basis by accomplished, supportive colleagues experienced in all facets of development, acquisitions, operations, marketing and sales. I feel very fortunate to work alongside such a talented group of people.” Mr. Beck received his Bachelors of Science in Marketing Management with a Business Administration concentration from Old Dominion University in Norfolk, Virginia. He is actively involved in the real estate community and is a candidate for his Certified Commercial Investment Member (CCIM) credentials and a member of NAIOP.

Contact: Christine Grant, 630-586-8024

03/21/2017 Company News

Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Calkain

Andrew Fallon and Rick Fernandez of Calkain Companies completed the sale of a NNN Walgreens in Garner, N.C. on behalf of one of DC’s top area developers. Calkain previously worked with the client in the acquisition of this asset, having been provided investment criteria of obtaining a liquid NNN property. More recently, Calkain listed the property and was able to procure a 1031 exchange buyer, quickly re-selling the Walgreens for just over $5 million with a 5.51% cap rate. Fallon, Executive Managing Director, commented, “We were confident in our ability to generate a good deal for our client, upholding our promise of providing a liquid net lease asset when they first looked at this deal. The Walgreens had about 15 years remaining on the NNN lease. Based on the lease terms and the quality corner location in a densely populated area, we strongly believed we would be able to facilitate an attractive deal, and we did with the 5.51% cap rate, which is still lower than the 2016 average for Walgreens sales.” According to Calkain research, the average pharmacy cap rate dropped Q4 2016 when compared to Q4 2015 by about 25 bps, landing at a Q4 average of 5.95%.

Contact: Traci Bidinger, 703-935-0947

03/21/2017 Company News

Boston Capital Invests in Affordable Multifamily Development for Families in Denver, CO

Boston Capital

Boston Capital is investing in the construction of SloHi Flats, a 45-unit multifamily development for families in Denver, Colo. SloHi Flats will be built with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. The general partner is SloHi Partners, LLC, based in Denver. SloHi Flats provides 45 units in Denver's Highland neighborhood, a community that has experienced the highest level of gentrification in the Denver market over the past 10 years. SloHi Flats will feature 39 one-bedroom and six two-bedroom units located in a four-story building. Unit amenities will include nine foot ceilings, central air conditioning, balconies and a full appliance package with washers and dryers. Development amenities will include a bicycle storage room, a 2,500-square foot outdoor courtyard with a fire pit and gas grill and a 700-square foot rooftop deck. The apartments will be available to families earning 60 percent or less of the Area Median Income (AMI).

Contact: Allison E. Marino, 617-624-8678

03/21/2017 Company News

SCA Architecture Completes Transformation of Gateway Marketplace in Chula Vista

SCA Architecture

SCA Architecture (formerly known as Smith Consulting Architects), a San Diego-based architectural firm, has completed the planning, design, construction documents and construction administration for the newly revamped Gateway Marketplace, located at Fourth Avenue and C Street in Chula Vista, Calif. Brixton Capital is the developer of the $9.25 million remodeling project, with Vice President of Leasing Eric Li providing oversight for the firm. Situated on an 8.8-acre lot, the project transformed an abandoned Target building in an existing neighborhood into an attractive community amenity that serves as a gateway into the city. The former Target store was divided into three unique tenant spaces. The front of the building was set back ten feet to allow for new, distinct tenant entries. Quick-serve grocery store and restaurant spaces were added to the center as well. Contemporary architecture and a modern color scheme were used to update the center’s look. The existing site was enhanced with new landscaping, lighting, pedestrian walkways and a new gateway plaza, flanked by the new retail stores and restaurant buildings. New tenants of the center include Party City, Smart & Final, Hobby Lobby and grocer Aldi. AT&T, Little Caesar’s Pizza, Pho Hung Cali, iNails & Spa and other tenants are slated to open this year. Scott Cairns served as principal-in-charge for SCA Architecture, with Norman Barrett as project designer and Dennis Seguban serving as project manager. Consultants included GSSI Structural Engineers as structural engineer; K&S Engineering as civil engineer; Electrical Design, Inc., as electrical engineer; Abbott Engineering, Inc., as mechanical engineer; Geocon, Inc., as geotechnical engineer; and De Alcala Studio as landscape architect. Dempsey Construction served as the general contractor, with Merion Corporation acting as construction manager.

Contact: Bonnie Kutch, 619-299-1010

03/21/2017 Personnel News

KLNB Announces Retirement of Managing Partner Andy Georgelakos

KLNB

KLNB, the full-service commercial real estate brokerage, today announced that Andrew J. Georgelakos, principal and managing partner will retire June 30, 2017. Georgelakos leaves KLNB after leading the firm to its two most successful years, with nearly $1.5 billion in annual transaction volume for both 2015 and 2016. One of Georgelakos’ notable achievements was his foresight in the early 2000s about the potential for expansion around the Washington Dulles International Airport. With his encouragement, St. John Properties and Merritt Properties expanded into the burgeoning Northern Virginia market, and the sales that resulted led to expansive growth in revenue, company size and geographic reach for KLNB. Georgelakos has worked on a number of notable projects including the sale of more than 350 acres of R&D flex land in Northern Virginia in the Dulles Airport area, the representation of Walmart in 300,000 square feet of sub-lease space in Baltimore and the coordination of a three-state site selection search and build to suit RFP for McCormick Spice Company’s 370,000-square-foot distribution facility in Riverside, Md. The search for a new managing partner is already underway and is being led by KLNB’s succession committee. The search is heavily focused in the D.C./Northern Virginia region, where KLNB is experiencing remarkable growth. KLNB’s executive committee is well poised to confidently and seamlessly lead the firm in the interim. About KLNB KLNB is the dominant provider of commercial real estate services throughout the mid-Atlantic region. A full-service commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, investment sales, property management, financing, and appraisal & valuation services. Headquartered in Maryland, close to 80 full-time brokerage professionals work across KLNB’s five full-service offices located in Towson and Columbia, Md.; Washington, D.C.; and Dulles and Tysons, Va. http://klnb.com

Contact: Kendall Bair, 410-732-6542

03/16/2017 Deal

Miller Construction Company Completes 607,652 Centergate at Gratigny Second Phase

Miller Construction Company

Video tour:http://bit.ly/2nkfZwQ HIALEAH, Fla. – Delivering Miami-Dade County’s largest new industrial project on a fast-track schedule, Miller Construction Company has completed the 602,657-square-foot second phase of Centergate at Gratigny business park in Hialeah. The $25 million project demanded creative solutions -- from accessing utilities, to pouring 28,000 yards of concrete in just three months, according to Miller Senior Vice President Brian Sudduth. Developed by Foundry Commercial for an institutional client, the twin-building, Class A complex in the Airport North submarket targets users seeking at least 100,000 square feet of contiguous industrial space. A significant challenge was getting utilities to the +30 acre site. Taking an unconventional approach after careful cost analysis, Miller saved the owner time and money by building a private lift station instead of tying into the existing sewer lines. The team worked with the Public Works Department to solve flow issues from the City’s water main serving the site. To speed the tilt-wall process, Miller’s crews placed concrete six days a week – including 75 night pours. “Tilting both buildings at once made sense to save labor costs, so it was as though the two buildings raced each other to the end, with a Crawler crane switching buildings each morning,” explained Sudduth. That enabled the team to begin roofing at one end of the massive buildings while still pouring concrete at the other end. “Miller’s team knows how to tackle tough challenges, perform and deliver,” said Ford Gibson, Foundry Commercial’s South Florida managing director, development and investments. “Their track record handling Class A industrial projects for top-tier clients made them the clear choice.” RLC Architects of Boca Raton designed the two 301,000-square-foot structures in Centergate at Gratigny’s new phase and Fairchild Partners is handling leasing.For information: www.millerconstruction.com

Contact: Traci Miller, 954-764-6550

03/10/2017 Company News

Lydia G. Chesnick Appointed to the Real Estate and Timber Advisory Committee of the Massachusetts Pension Reserves Investment Management Board

Bernkopf Goodman LLP

Bernkopf Goodman LLP is proud to announce that Lydia G. Chesnick, a real estate and business law partner, has been appointed to the Real Estate and Timber Advisory Committee of the Massachusetts Pension Reserves Investment Management ("PRIM") Board. The PRIM Board is charged with the general supervision of the Pension Reserves Investment Trust (“PRIT”) Fund, created by legislation (Chapter 661 of the Acts of 1983) to accumulate assets through investment earnings and other revenue sources in order to assist the Commonwealth in reducing its unfunded pension liability, and likewise to assist local participating retirement systems in meeting their pension obligations. The PRIM Board established a Real Estate and Timber Committee to advise the Board in setting investment policies within the real estate and timber portfolios and assist the Board in overseeing these portfolios. "I'm honored to be a part of such an exceptional committee,” said Chesnick. "I have tremendous respect for this group and look forward to working with them." About Bernkopf Goodman LLP For over a century, Bernkopf Goodman LLP has represented clients in complex, high-stakes real estate, business and litigation problems. Our ability to provide sophisticated legal counsel efficiently and cost-effectively is an important demarcation of our firm. We have earned a reputation for offering the pedigree and expertise of a large firm, with the agility and personalized service of a boutique firm. Bernkopf Goodman LLP has an impressive track record of success that spans real estate development, construction, surety, corporate structure, bankruptcy, civil litigation and regulatory compliance, including zoning and municipal matters.

Contact: Jeannette Riendeau, 617-790-3000

03/09/2017 Company News

Florida Dairy Queens Trade Quickly in Sale-Leaseback

Calkain

Calkain Companies has sold two Florida Dairy Queens, both of which went under contract within weeks of marketing. “The key was pricing them at a 6.00% cap," said Doug Aronson, Managing Director in Calkain’s South Florida office. “Investors have certain expectations these days of getting a more favorable yield, but given the increase in interest rates they can’t always find it. Fortunately, though, we were able to negotiate based on term and yield expectations.”

Contact: Traci Bidinger, 703-935-0947

03/07/2017 Deal

THE BLAU & BERG COMPANY IS NAMED EXCLUSIVE AGENT FOR THE SALE OF THE FORMER CORY WAREHOUSE IN ELIZABETH, NJ

The Blau & Berg Company

The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has been named the exclusive agent for the sale of the former Cory Warehouse located at 720 South Front Street in Elizabeth, NJ. Jason M. Crimmins, CCIM, SIOR, Alex Conte, CCIM, SIOR and Peter J. Murano, SIOR are the procuring brokers. With proximity to Port Newark, Port Elizabeth and Newark Liberty International airport, as well as easy access to the Goethals Bridge, NJ Turnpike, US 1/9 and I-78, this 400,000 SF industrial property is in an ideal location. It consists of three facilities on 13 acres: a 318,651 SF facility with 70 docks, a 13,051 maintenance garage with 8 drive-in bays, and an 81,834 SF, three-story facility; and offers redevelopment potential.

Contact: Whitney Driver-Crimmins, 973-379-6644

02/23/2017 Personnel News

Stephen Watson Joins Cavignac & Associates as Junior Account Executive

Cavignac & Associates

Cavignac & Associates, a downtown San Diego-based risk management and insurance brokerage firm, has hired Stephen Watson as junior account executive, announced Jeffrey W. Cavignac, CPCU, RPLU, CRIS, company principal and founder. Watson’s principle area of focus will be on professional liability. Initially he will be trained by senior management to service existing professional liability clients, educate them on areas of exposure and risk preventative measures, and recommend appropriate insurance coverage. He also will be responsible for identifying and contacting new business prospects, proposing marketing ideas, determining client ratings and issuing proposals, and documenting all material conversations with insureds and/or carriers regarding exposures and coverages.

Contact: Bonnie Kutch, 619-299-1010

02/23/2017 Deal

THE BLAU & BERG COMPANY CONTINUES STRONG LEASING ACTIVITY AT THE SHORT HILLS EXECUTIVE CENTER IN SHORT HILLS, NJ

The Blau & Berg Company

The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, reports strong leasing activity at the Short Hills Executive Center, recently executing more than 20,000 SF of lease transactions. The Blau & Berg Company was awarded the exclusive leasing assignment by the owner of the property, Stone Mountain Properties, in late 2014. Situated in Short Hills, NJ, a community recognized as one of New Jersey’s most desirable towns in which to live, work and do business, this property offers access to world-class shopping, dining and area amenities, all in a serene setting. Featuring 83,430 SF and four stories, the Short Hills Executive Center is located at 830 Morris Turnpike just 19 miles from midtown Manhattan, 12 miles from Newark International Airport, and minutes from NJ Transit rail service to New York City. New tenants recently leasing space in the Short Hills Executive Center include Sky Capital America, Inc., Spiro | Harrison Law, Williams Law Group, Weinstein Lindemann Weinstein, Regus, the Reeves Foundation, and The Stone Center of NJ. In addition to its prime location, amenities at the Short Hills Executive Center include a newly renovated lobby, an exterior courtyard, and abundant covered parking. The Blau & Berg Company plans to continue its search to place tenants in the available space, which includes several build-to-suit options in sizes ranging from 1,336 SF to 58,026 SF. The company is hosting an Open House Event at the property on Tuesday, March 7 from 12-2 pm.

Contact: Whitney Driver-Crimmins, 973-379-6644

02/22/2017 Company News

Robinson+Cole Expands Finance and Real Estate Practices in Boston

Robinson+Cole

Robinson+Cole’s Finance Group welcomes Matthew D. Ray (Matt) as an associate in the firm’s Boston office. Mr. Ray’s practice focuses primarily on middle market commercial and industrial (C&I) and real estate financing transactions. He advises banks, private lenders, and corporate borrowers in the negotiation and closing of acquisition and term loans, construction financing, working capital lines of credit, and mezzanine financing facilities. Additionally, Mr. Ray’s practice includes handling general real estate transactions such as acquisitions and dispositions and commercial lease agreements. “Matt is a welcome addition to the team,” said Norman H. Roos, chair of Robinson+Cole's Finance Group. “His commercial financing experience will bolster our transactional capabilities, enhancing our ability to support clients’ needs as we continue to expand in the Boston market.” Mr. Ray represents lenders ranging from small regional banks to large national lending institutions as well as private financing companies. Additionally, he advises both agents and lenders in connection with participations and syndicated club deals. His C&I lending experience includes general commercial, industrial, and seafood-related credit facilities while his real estate lending experience encompasses acquisitions and refinancings of shopping plazas, hotels, office buildings, marinas, and general mixed-use properties. Mr. Ray is also experienced in representing lenders in connection with workouts and foreclosures of nonperforming credit facilities. About Robinson+Cole Robinson+Cole is a service mark of Robinson & Cole LLP, an Am Law 200 firm with more than 200 lawyers in nine offices serving regional, national, and international clients, from start-ups to Fortune 500 companies. For more information, please visit www.rc.com.

Contact: Jessica Pace, 860-541-2646

02/22/2017 Company News

Automotive Sector Outpaces STNL Rates

Calkain

The US economy has recovered from the 2009 recession and we have seen continued growth in the net lease automotive sector, with expectations of more growth for the auto parts industry. The average national automotive cap rates mirror the single tenant net lease (STNL) rates, ending 2016 at 6.61% and 6.36% respectively. The automotive sector cap rate maintained a 25 bps spread, whereas in 2015 in was 40 bps. For the past 4 years, the automotive cap rate has generally stayed slightly higher than the overall STNL rate, with the exception of only three quarters. Within the Automotive sector, AutoZone, Advance Auto Parts and O’Reilly Auto Parts are the top three retailers in the country. The Calkain report compares the cap rate performance of the three, and breaks out the over vs. under ten year lease term rates. According to the Calkain research, “These are among the very few STNL properties that trade at a relatively low price with an average of $1.6 million in 2016 given the investment grade credit.”

Contact: Traci Bidinger, 703-935-0947

02/21/2017 Company News

Boston Capital Invests in Affordable Multifamily Development in Dryden, New York

Boston Capital

Boston Capital is investing in the construction of Poets Landing II, a 48-unit multifamily development for families in Dryden, New York. Poets Landing Apartments will be built with tax credit equity from the Low Income Housing Tax Credit (LIHTC) program. The general partner for this development is Conifer Realty, LLC, based in Rochester, NY. Boston Capital also partnered with Conifer on the construction of Poets Landing I, a 72-unit apartment community completed in 2013.

Contact: Allison E. Marino, 617-624-8678

02/08/2017 Company News

Cavignac & Associates Celebrates 25 Years of Managing Risk

Cavignac & Associates

Cavignac & Associates, a downtown San Diego-based risk management and insurance brokerage firm, is celebrating its 25th anniversary this month, announced Jeffrey Cavignac, CPCU, ARM, RPLU, company president and principal. A reputation for professional excellence and providing specific risk management services that are not customarily offered by its competitors has allowed the firm to maintain a strong standing within the insurance industry over past years, while laying solid groundwork for the future. Its guiding mission is to be a service-intensive, risk management-oriented insurance brokerage that puts its clients’ interests before its own.

Contact: Bonnie Kutch, 619-299-1010

02/08/2017 Deal

Calkain Sells Fifth PDQ Restaurant Property

Calkain

Calkain Companies, America's Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ's the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00. "PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states," said Patrick Nutt, Managing Partner at Calkain. "Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all positives for a passive real estate investment."

Contact: Traci Bidinger, 703-935-0947

02/07/2017 Deal

iboss Cybersecurity Leases 19,300 Square Feet in Downtown Boston

Cushman & Wakefield

Cushman & Wakefield announced that it has represented iboss Cybersecurity, a global cybersecurity company, in its 19,300-square-foot lease at 75-101 Federal Street, in Boston. As a global cybersecurity company, iboss protects thousands of enterprises, service providers and government networks against a new age of cyber threats. iboss will be leasing its new Boston office from Rockpoint Group, who acquired the complex in the second Quarter of 2015. “After evaluating a number of offices and locations with our real estate partner Cushman & Wakefield, we chose to relocate our Boston team to 101 Federal Street,” said iboss CEO Paul Martini. “We are extremely pleased with the location, office space and amenities. 101 Federal Street is one the best properties in Boston and supports our overall vision and growth objectives.” iboss was represented by Brian Hines, Vice Chairman, and Malcolm See, Senior Associate, of Cushman & Wakefield, while Dave Martel, Executive Managing Director; Tim Bianchi, Senior Managing Director; and Ali Cavanaugh, Managing Director, from Newmark Grubb Knight Frank represented the landlord. “iboss is an incredible company, and it was a pleasure working with them as they secured their new home in Boston,” said Hines. “We believe that iboss’s exponential growth will continue within the building, and we look forward to their further success.” The property is a 31-story, 564,000-square-foot office building, which includes a tenant-only fitness center as well as a newly renovated lobby. With its lease of 19,300 square-feet, the Cybersecurity company will be occupying a full floor in the building. An important aspect of the deal was that the space had been constructed on a speculative basis. A significant aspect of this transaction is the fact that Rockpoint Group made the decision to construct a full floor office suite on a speculative basis in hopes of attracting a high-growth company with an immediate need to expand. ###

Contact: Mikayla Michienzi, 617-536-3324

02/03/2017 Company News

Local Professional Plays Key Role in Crafting National Building Industry Guide

Bullock Tice Associates

Johnny Fortune, BIM/IT Director for the Pensacola-based architectural/interior design firm Bullock Tice Associates (BTA), is an author of the National BIM Guide for Owners (NBGO); recently unveiled during Building Innovation 2017: The National Institute of Building Science’s (NIBS) Annual Conference and Expo in Washington DC. While Building Information Modeling (BIM) is emerging as the building industry’s primary communication and collaboration technology for design and construction, its application across the industry is widely varied in terms of harnessing its potential horsepower. Recognizing this, NIBS compiled a carefully balanced, integrated team that has worked for the past year to craft the NBGO. The team developed the guide under the premise that BIM, in and of itself, is not the end but rather the means to a number of potential valuable project delivery outcomes for the building owner. The 36-page NBGO addresses three broad areas the building owner should understand in order to work effectively with the Project BIM Team: Process; Infrastructure and Standards; and Execution. It is an executive-level approach that equips the Owner with necessary information to align BIM with their specific project goals. In addition to BTA’s Fortune, the NBGO team consisted of members from Cushman & Wakefield’s Asset Management Division, BOMA International, Professors from Penn State University and the University of Washington, and ASHRAE.

Contact: Johnny Fortune, 850-434-5444

02/02/2017 Personnel News

Burke Construction Group welcomes Tim Bennett to their Operations Team

Burke Construction Group, Inc.

Burke Construction Group is pleased to announce the addition of Tim Bennett as Senior Project Manager. A graduate of the Del Web School of Construction at Arizona State University, Tim earned his Bachelor’s degree in construction and business management. Tim also attended Boise State University and holds certification as an OSHA 500, and American Institute of Constructors (AIC) Trainer. With a career spanning over 20 years in the construction industry, Tim has managed some of the largest and most notable projects in southern Nevada - including the McCarron Airport Terminal 3 Expansion, the Mandalay Bay/Delano Hotel Re-Branding, and the Clark High School Renovation. “With Tim’s experience and credentials, he will serve as an asset to our Operations team. We are thrilled to welcome him on board,” said Burke Vice President of Operations, John Travassos. For more information, please contact Melina De Hoyos with Burke Construction Group at (702) 367-1040 or mdehoyos@burkecgi.com.

Contact: Melina De Hoyos, 702-367-1040

02/02/2017 Personnel News

CARH Names Katie Alitz Member of the Year

Boston Capital

The Council for Affordable Rural Housing (CARH) named Katherine M. Alitz, a Senior Vice President of Boston Capital, as the 2016 Member of the Year. The award was presented at the annual Midyear Meeting, January 23-25, 2017, in Sarasota, Florida. It recognizes an outstanding CARH member who has demonstrated a significant commitment to the association and to the affordable rural housing industry. Recipients are nominated by fellow CARH members and selected by the CARH Awards Committee. The award is presented each January at a special ceremony at the Midyear Meeting. Ms. Alitz is the 20th CARH member to be honored as Member of the Year since 1997. CARH was formed in 1980 through the efforts of Boston Capital and other companies in the affordable housing industry. Boston Capital has been an active member since CARH's organization. Ms. Alitz served on the Board of Directors, chaired several committees and served as president of the CARH Board from June 2010 - June 2012. In presenting the award, Kevin Flynn, Awards Committee Chair and 2015 Member of the Year, stated that, "Katie has worked tirelessly through the years to promote the issues that the affordable housing industry relies upon to be successful in an increasingly difficult environment. We are privileged to have her as a CARH member and delighted that her peers have chosen her for this honor."

Contact: Allison E. Marino, 617-624-8678

01/31/2017 Personnel News

Calkain Expands its Net Lease Brokerage Team

Calkain

Calkain announces the addition of two new brokers, expanding its Net Lease brokerage team. Based out of Calkain’s headquarters in Herndon, VA, Ryan Lorey, CCIM, and Natalia Nunno will complement our existing team of experts with additional skills and expertise.

Contact: Traci Bidinger, 703-935-0947

01/30/2017 Personnel News

ALESSANDRO (ALEX) CONTE BECOMES SHAREHOLDER IN THE BLAU & BERG COMPANY AND IS NAMED EXECUTIVE VICE PRESIDENT

The Blau & Berg Company

The Blau & Berg Company, a prominent commercial real estate brokerage firm in the New Jersey and Tri-State area since 1932, has named Alessandro (Alex) Conte, CCIM, SIOR, a shareholder in the company. He has also been named Executive Vice President. “Alex’s dedication to the company and our clients is unparalleled,” noted Jason M. Crimmins, President. “His vested interest in The Blau & Berg Company will only continue to drive our success in the future.” Conte joined The Blau & Berg Company in 2003 after graduating from William Paterson University and quickly became instrumental in the growth of the business. As Executive Vice President and Principal, he is responsible for overseeing capital markets, client growth and supply chain & logistic representation. “Little did I know 15 years ago, while interviewing for a career in the prestigious real estate field, I would be getting the most prudent business advice of my life right out of college. Ken Crimmins instilled in me then that above all, the keys to success in this or any field were honesty, integrity and perseverance,” said Alex Conte. “Providing our customers and clients with sound advice backed by a storied tradition in client relations has been the cornerstone of The Blau & Berg Company. Today, by use of cutting edge technology we continue the tradition of old, and yet still stay ahead of our competition, giving our clients the best possible results.” About The Blau & Berg Company The Blau & Berg Company (www.blauberg.com) was founded in 1932 and holds a leading position in the New Jersey and Tri-State commercial real estate market. Headquartered in Short Hills, New Jersey, The Blau & Berg Company is an independent, full-service commercial real estate brokerage firm, providing expert and personalized services in industrial, office and retail real estate, including: site selection, acquisitions, dispositions, leasing, tenant representation, portfolio sales, asset repositioning, and property & construction management.

Contact: Whitney Driver-Crimmins, 973-379-6644

City of St Albert Marcus Millichap