Breaking News

WHO’S NEWS: Ripco announces new vice chair; CBRE welcomes new senior vice prez

Ripco Real Estate announced that Gene Spiegelman has joined the firm as a Principal and Vice Chairman.

Previously, Spiegelman served as Vice Chairman and Head of Retail Services North America at Cushman & Wakefield.

Throughout an 18-year career at Cushman & Wakefield, Spiegelman rose to become a perennial top producer, having earned the title of top retail broker nationwide five times.

He has distinguished himself in the industry as an expert and is known for executing complex high-value transactions on behalf of his clients.

He won REBNY’s Retail Deal of the Year Award twice, in 2001 for executing a 48,000 s/f lease for Crate and Barrel at the landmark Cable Building and again in 2008, when he represented Gucci in a 25,000 s/f lease to Diesel at 685 Fifth Avenue.

In addition, he was awarded the New England Commercial Brokers Association 2015 Retail Deal of the Year Award for representing Millennium Partners in the leasing of 142,000 s/f to Primark at Boston’s Burnham Building.


The New York office of CBRE has hired Spencer H. Levy as a senior vice president.

Previously, Levy served as a senior managing director at RKF Retail Holdings. During his tenure with RKF, he was responsible for arranging numerous high-profile leases mostly in the restaurant sector.

He represented Chef Gabriel Kruether in securing 14,000 s/f at the Grace Building; Sarabeth’s in securing 6,200 s/f at 40 Central Park South; Mr. Chow’s in its purchase of an 18,000 s/f restaurant at 121 Hudson Street; and Magnolia Bakery in its flagship location at the Rockefeller Center Townhouse.
Levy’s experience in the restaurant business began with bussing tables at age 14 and later bartending through college.

After earning a bachelor’s degree in business and psychology, he found himself managing a restaurant on NYC’s Upper East Side and attending the Culinary Institute of America. Levy was also a restaurant owner himself.

He earned a bachelor’s degree from SUNY Oneonta and a high-honors associate degree in Culinary Arts from the Culinary Institute of America.


Avison Young announced the hiring of commercial real estate veteran Todd Korren as a principal.
He will focus on tenant and landlord representation as well as assisting clients with the leasing and strategic planning of commercial real estate properties throughout New York City.

Korren brings more than three decades of commercial real estate experience, most recently as a Principal and director of leasing of EVO Real Estate Group, prior to the firm’s merger with Herald Square Properties.

During his career, he has negotiated more than 1,450 leases representing 7.5 million square feet and more than 45 acquisitions and dispositions valued in excess of $2.4 billion. 

He has also acted as the leasing agent for 26 Manhattan buildings totaling more than 11 msf and 10 buildings nationally spanning more than 3 msf.

Korren also has extensive asset management and construction management experience, having supervised more than 400 interior-construction projects and new developments.

Before EVO, Korren was executive managing director at Massey Knakal, as well as a Principal and director of leasing at Savanna Real Estate Fund. He has also held positions with Swig Equities, The Witkoff Group, Insignia/ESG (now CBRE) and Structure Tone.

Korren holds both a Master of Business Administration degree and a Bachelor of Science degree in management from New York University.


Downtown Brooklyn Partnership (DBP) announced that TerraCRG Founder and CEO Ofer Cohen has been elected Chairman of its Board of Directors.

Cohen succeeds MaryAnne Gilmartin, Founder and CEO of L&L MAG, and will lead a committed group of leaders in corporate, real estate, academic, and cultural sectors in their work to improve Downtown Brooklyn.

Cohen has been a member of DBP’s board since 2014 and is an active, longstanding member of the Downtown Brooklyn community.

He brings a wealth of experience in the civic, business and real estate sectors, and a strong network of relationships across industries that will help drive DBP’s work. 

As chairman, Cohen will draw on his Brooklyn business and real estate expertise to continue to establish Downtown Brooklyn as one of New York’s fastest growing business centers and hubs of innovation.

Cohen founded TerraCRG, the only real estate brokerage and advisory firm focused solely on Brooklyn commercial transactions, over a decade ago and has been at the center of the borough’s transformation ever since.

The firm, which has now grown to 30 people, has handled over two billion dollars’ worth of transactions in Brooklyn.

Prior to founding TerraCRG, he was a senior broker at Massey Knakal’s Brooklyn office.

Before his work in real estate, Cohen was involved with a number of tech-startups, including an internet firm that was later acquired by MTV Networks.


AmTrust Title Insurance Company announced that Carlos M. Rodriguez Esq., an attorney with nearly two decades of title, commercial real estate, compliance, and insurance experience has joined the company as Florida Agency Manager.

Rodriguez is responsible for developing, marketing and managing AmTrust Title’s Florida agency operations as well as identifying and advancing new business opportunities. 

Prior to joining AmTrust, Rodriguez was in private practice providing legal counsel to clients in corporate regulatory compliance, contract negotiations and government relations matters.

Earlier, he worked for several title companies and law firms, among them: First American Title Insurance Company, Fidelity National Title Insurance Company and Greenberg Traurig PA.

Rodriguez earned a JD from University of Florida, a BS degree in Criminology from Florida State University and an Associate’s degree from Miami Dade Community College in Criminal Justice.


Crow Holdings Industrial (CHI), the industrial development division of Dallas‐based Crow Holdings, announced that Clark Machemer has joined the firm as Senior Managing Director to lead CHI’s New Jersey office, completing CHI’s national platform build-out.

Machemer joins CHI with 20 years of real estate development experience. 

He has been responsible for the leasing and development of more than 10 million square feet of industrial product, one million square feet of office product, and 250 residential units.

At Crow Holdings Industrial, hewill be responsible for establishing and growing CHI’s presence in the Northeast industrial market, primarily sourcing and executing on new ground-up development opportunities.

Prior to joining Crow Holdings, Machemer worked as a Regional Development Officer for a Rockefeller Group.

He earned a Bachelor of Science in Finance and Law & Public Policy from Syracuse University and a Master of Science in Real Estate Development from Columbia University.

Clark is a member of NAIOP NJ where he serves on the Executive Committee as Past President.


Safanad, a global principal investment firm, announced the appointment of Andrew Trickett who joins the firm’s leadership team as a member of the Management Committee and head of the real estate investment business.

Based in Safanad’s New York office, Trickett will be a Partner of the firm and is charged with growing Safanad’s U.S. real estate portfolio as well as steering the broader business in his capacity as a Management Committee member.

He joins from Oxford Properties Group, Inc., the real estate investment arm of OMERS, one of Canada’s largest pension plans, where he was most recently a Senior Managing Director of Investments.

At Oxford, he led over $10 billion of real estate transactions since joining the firm in 2005, including the prestigious Hudson Yards development in partnership with The Related Companies.

Before Oxford, he held senior positions at Deutsche Bank and the Toronto Dominion Bank.


Clarion Partners LLC announced that Brent Morris has joined the Firm as a Managing Director in the Client Capital Management Group.

Morris will focus on US institutional distribution of Clarion products. He brings to Clarion experience in real estate investment management, both debt and equity.

In an early part of his career, Morris worked at Bankers Trust/Deutsche Bank first in their Mezzanine Debt Funds and ultimately for the institutional capital raising team, raising capital across their open and closed-end fund products.

He then worked at Capmark Investments in a series of progressively more senior jobs in portfolio management and capital raising, ultimately becoming Head of Investor Relations.

For the past five years, Morris has served as Head of Capital Raising for True North, a $1 billion closed-end opportunity fund platform founded by the former heads of the Bankers Trust/Deutsche Bank real estate group.

He holds both a B.A. and an MBA from University of North Carolina at Chapel Hill.

Comments are closed