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Deals & Dealmakers

WHO’S NEWS: Helmsley Spear announces that Dennis C. Nembhard has joined the firm as an Executive Managing Director

Cushman & Wakefield announced that it has hired Michael Movshovich as an executive managing director to lead its new Alternative Investment Advisory Group in New York.

He will be based out of the firm’s Midtown Manhattan office.

Movshovich will drive the firm’s strategy on advising clients in the private equity, venture capital and hedge fund sectors.

Movshovich is a tenant advisor and strategist. In addition to his focus on alternative investment clients, he will be an integral part of Bruce Mosler’s team, which closed more than 150 deals totaling over five million square feet in 2019.

Movshovich has worked with an impressive list of corporate institutions and boutique private companies in technology, advertising/PR and media/information.

He has assisted numerous firms launching new ventures and spinning off from larger parent organizations.

He has also helped develop and implement leasing strategies for multiple leading landlords in New York City, including real estate private equity firms, real estate investment trusts and family offices.

Prior to joining Cushman & Wakefield, Movshovich spent more than 12 years at CBRE.

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Riker Danzig Scherer Hyland & Perretti LLP announced that partners Jeffrey B. Wagenbach and Steven T. Senior have assumed leadership of its Environmental Law Practice from longtime Chair of the Department Dennis J. Krumholz.

Krumholz founded Riker Danzig’s Environmental Practice in the mid-1980s and built it into one of the state’s largest environmental groups.

Krumholz will continue as an active partner in the practice. Wagenbach and Senior will be co-chairs of the practice.

Jeffrey B. Wagenbach joined Riker Danzig in 1985 in order to join its new and growing Environmental Practice.

He has substantive experience in virtually every environmental program, ranging from the Clean Air Act to the Safe Drinking Water Act, to wetlands regulation and the handling and discharge of hazardous materials.

He was an early participant in the New Jersey Department of Environmental Protection’s Industrial Advisory Committee. In the City of Summit, he served as Chair of the Environmental Commission and most recently had a ten year stint as Chair of its Planning Board.

Wagenbach is a graduate of the Syracuse University College of Law, where he was Executive Editor of the Law Review, and earned his A.B., with honors in History, from Dartmouth College.

Steven T. Senior joined Riker Danzig in 1998 and has been called a “go to” attorney for complex environmental law matters in New Jersey.

He has extensive experience with complicated regulatory and transactional matters, including brownfields redevelopment, site remediation and ISRA, permitting and counseling, due diligence, and enforcement defense. He also is involved in hazardous substance and cost recovery litigation.

Senior played a lead role in the development of the Licensed Site Remediation Professional (LSRP) program and the New Jersey Site Remediation Reform Act. He also helped launch the New Jersey Licensed Site Remediation Professionals Association and served on its Board of Trustees for a decade.

In addition to his J.D. from New York Law School, cum laude, Senior received an LL.M. from the New York University School of Law.

Prior to law school, he earned his B.A. from Rutgers University and was an environmental consultant with ICF Kaiser Engineers, Inc.

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Helmsley Spear announced that Dennis C. Nembhard has joined the firm as an Executive Managing Director where he will focus on commercial leasing, investment sales, capital markets, and asset management.

Prior to joining Helmsley Spear, Nembhard was CEO at the asset management firm Regal Management Ventures LLC. before that, he was affiliated with Cushman & Wakefield for more than 15 years. While there, he negotiated commercial office leases and served as an Administrator for more than 3,300 commercial office leasing transactions.

Nembhard also assisted in the planning process for the leasing, construction and build out of approximately 1.6 million square feet of tenant office space, including the New Jersey Foreign Trade Zone project.

In addition, Nembhard worked with the Federal Deposit Insurance Corporation (FDIC) in Washington, D.C. where he served as Senior Real Estate Credit Officer and outside BOA Contractor.

Nembhard graduated from New York University where he earned degrees in Business Administration and Organization Management. He also attended the New York University Real Estate Institute earning his Real Estate Certification.

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Helmsley Spear announced that William Betts has joined the firm where he will serve as managing director, focusing on investment sales, hospitality, and capital advisory, as well as commercial office leasing.

Prior to joining the firm, Betts worked at Merrill Lynch and Morgan Stanley in their private wealth department servicing high net worth individuals, family offices, professional athletes, and music industry executives.

He also worked at Bear Stearns in various areas of equity trading, convertible bonds, high yield trading, and private wealth management. In 2004, Betts formed The Betts Group, LLC, a boutique business management and consulting firm.

He graduated from Connecticut College and earned his B.A. degree in Economics with a minor in Sociology.

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FTI Consulting, Inc. announced that Anthony Saitta has joined its Real Estate Solutions industry group as a Managing Director and will lead the Executive Compensation & Corporate Governance practice.

With more than 15 years of executive compensation and corporate governance experience, including 11 years in this capacity at FTI Consulting, Saitta rejoins the firm from FPL Associates, L.P., where he was a managing director in its New York office.

Saitta is a Certified Public Accountant and, prior to his 15 years in the executive compensation area, spent 14 years at Ernst & Young, LLP, as a senior manager, where he was involved in both assurance and advisory services within its real estate group.

He is a member of NAREIT and the AICPA. He earned a B.A. from Bernard M. Baruch College, City University of New York.

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Katz & Associates announced that Daniel DePasquale and Jordan Nicolson have joined the firm.

Dan DePasquale joins as a director after five years with Winick Realty Group where he most recent deals include representing Greystone Property Group in the lease of space to presidential candidate Michael Bloomberg’s MB2020 Harlem campaign office.

DePasquale has also worked with AT&T’s corporate and franchise network opening locations in all five boroughs and was instrumental in bringing the Bulldozer Hospitality Group from Dubai and Russia into New York City. He also helped d grow Hungry Ghost Coffee from eight locations to 13 throughout Manhattan and Brooklyn in less than two years.

DePasquale graduated from Binghamton University in 2009.

Jordan Nicholson joins Katz & Associates as a sales associate. He started in real estate with Katz five years ago as an intern while attending college at Florida Atlantic University and got his real estate license in 2019.

He will continue working on deals in South Florid, focussing on the Boca/Deerfield area where he grew up.

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NAI DiLeo-Bram & Co. announced that David A. Simon, SIOR, has joined the company as chief operating officer. Simon will oversee the firm’s recruitment efforts, support the sales team and drive new business development.

With more than 25 years of experience as a professional manager and broker in the New Jersey commercial real estate industry, Simon is uniquely qualified to help lead the firm as it looks to expand its footprint and increase its market share in New Jersey.

His experience working as a broker and manager for both private and public companies has given him a broad perspective on the industry.

Simon is well-regarded in the industry serving as past president of the New Jersey Chapter of the Society of Industrial and Office Realtors (SIOR) and the Industrial and Office Real Estate Brokers Association (IOREBA).

He most recently served as executive managing director of B6 Real Estate Advisors in New Jersey. Before that, he held senior positions with Colliers International Cushman & Wakefield and Cassidy Turley.

Simon began his real estate career with Newmark Real Etsate in New Jersey in 1987 after graduating Boston University with a BS in Communications, He later earned an MA in Real Estate from New York University.

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King & Spalding announced that Jeanie Cogill has joined as a partner in the firm’s Corporate, Finance and Investments (CFI) practice group in its New York office.

Cogill, who joins from Morgan Lewis, advises public and private companies across a wide variety of industry sectors on all aspects of their executive compensation and employee benefits arrangements, including in the context of mergers and acquisitions and financing transactions.

Cogill received her undergraduate degree from the University of Sydney and her JD from the University of Sydney Law School.

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FirstService Residential announced that Kelly Dougherty has been appointed Vice President of FirstService Energy, the firm’s energy advisory subsidiary.

Dougherty will serve as a leader in the identification and application of energy conservation measures for FirstService Residential clients, including nearly 1,000 condominiums, co-operatives and multifamily properties across the Northeast, Florida and Chicago.

Dougherty joined FirstService Energy in January 2016 as Director of Energy Management. In just four years, she has successfully secured more than $3 million dollars in grants from the New York State Energy Research and Development Authority (NYSERDA) for FirstService Residential properties through client incentive programs.

She has participated in an advisory role for a study on Advancing Electrification in NYC with the Urban Green Council, and is currently assisting AIA’s New York chapter with developing an education program for Registered Architects on complying with NYC Local Law 97.

A graduate of both Rutgers and Columbia, Dougherty served as a project associate with Insight Civil Engineering before joining FirstService.

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Basis Investment Group LLC announced that founder and CEO Tammy Jones has been appointment Chair of the Board of Directors for the Real Estate Executive Council (REEC).

Jones is the first female chair of the association.

Jones will succeed Accordia Partners managing partner Kirk Sykes. James H. Simmons III, CEO & Managing Partner of Asland Capital Partners, will serve as Vice Chair.

Jones has worked in the real estate finance industry for more than 25 years and founded Basis in 2009.

In 2019, Basis launched its first fund, BIG Real Estate Fund I, to capitalize on bridge and mezzanine debt, preferred and structured equity and B-piece investment opportunities in the US middle markets. Basis completed the final close of its first fund in May 2019, oversubscribed at $410 million.

Jones received an MBA with a concentration in Real Estate Finance from Georgia State University and is currently a trustee of The Georgia State University Foundation, sits on the university’s investment and real estate committees, and was honored as a Distinguished Alumni in 2017.

She received her BA in Economics from Cornell University and is a member of the President’s Council of Cornell Women.

•••

Enterprise Community Partners has welcomed Sarah Rosen Wartell, President of the Urban Institute, to its Board of Trustees.

In 2012, Wartell became the third president of the Urban Institute since its founding in 1968, leading more than 550 social scientists, policy experts, and communicators in pioneering economic and social science research and policy.

Wartell has deep expertise working in both the public and private sectors with community development, consumer finance, asset building and housing finance.

From 1993 to 1998, Wartell served as deputy assistant to the president for economic policy at the U.S. Department of Housing and Urban Development (HUD).

Later, she was a consultant to the bipartisan Millennial Housing Commission. She worked as deputy director of the National Economic Council from 1998 to 2001.

After nearly a decade working in federal government, Wartell co-founded and was the first chief operating officer of the Center for American Progress, where her work focused on the economy and housing markets.

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