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Deals & Dealmakers

WHO’S NEWS: Investment sales vet’ joins RIPCO

The Real Estate Board of New York (REBNY) announced three additions to its senior leadership team.

Sandhya Espitia has been promoted to the newly created role of chief operating officer (COO);

Beth Miller joins REBNY in the newly created position of chief communications and marketing officer (CCMO);

Mckenna Warren has been promoted to the position of senior vice president of brokerage services.

With more than 15 years of experience in executive leadership roles, Sandhya Espitia joined REBNY nearly three years ago as deputy senior vice president of brokerage services.

During her tenure at REBNY, she built a new team and streamlined operations related to programs, services and member relations.

Prior to joining REBNY, Espitia was vice president of education and certification for the International Council of Shopping Centers (ICSC).

In the newly created COO role, Espitia will oversee the organization’s membership, administrative and technology departments, and will continue to oversee all brokerage services.

Espitia holds a bachelor’s degrees in media and communication studies from Texas Christian University, a master’s degree in international education from the SIT Graduate Institute and a post-graduate fellowship in higher education leadership and management from Harvard University.

Beth Miller joins the REBNY team from Development Counsellors International (DCI) where she was the lead media strategist, media trainer and crisis communications professional for the economic development practice.

Prior to DCI, Miller was vice president and head of communications for Skanska’s multi-billion-dollar commercial property development business in the U.S. She also previously served as press secretary for the New York City Department of Consumer Affairs under the Bloomberg Administration.

In the newly created CCMO role, Miller will lead REBNY’s communications and marketing strategy to more effectively serve the organization’s members and key stakeholders.

Miller holds a bachelor’s degree in communications from the University of Tennessee.

McKenna Warren has led REBNY’s commercial brokerage division for the past two years.

Prior to REBNY, she was the educational and certification manager for ICSC.

With this promotion, Warren succeeds Espitia as senior vice president of brokerage services, and will lead all efforts to continue to serve the organization’s agent and broker members for both the commercial and residential sectors.

Warren holds a bachelor’s degree in business administration from Lycoming College.

•••

RIPCO Real Estate (RIPCO) announced that David Chase, a 18-year real estate veteran specializing in investment sales, has joined the firm as Vice President.

Joining Chase is Davit Andghuladze, who will work with him on investment sales across the New York metro region.

The arrivals coincide with the launch of the company’s investment sales division, which is led by newly appointed managing director, Michael J. Fasano.

Prior to joining RIPCO, Chase served as partner and executive managing director at B6 Real Estate Advisors.

He was also president and CEO of ONE Commercial Realty Services and served as director of Investment Sales at Massey Knakal Realty Services, which was acquired by Cushman & Wakefield.

Chase has completed various transactions including multifamily, mixed-use, retail, new development, office, industrial and warehouse.

He is a graduate of Cornell University and Georgian State University, where he earned a Bachelor of Business Administration.

Andghuladze was a senior associate at B6 where he specialized in New York investment sales. Prior to that, he was a real estate broker with Tomson Burnham LLC in Salem, Oregon.

Born and raised in the country of Georgia, Andghuladze was Deputy Mayor of the city of Kutaisi and Deputy Head of the Infrastructure Department of Tbilisi, Georgia’s capital city. He has been involved with government affairs for most of his career overseas.

Fluent in English, Georgian and Russian, he earned a Bachelor’s Degree in Law at Georgian State Academy of the Ministry of Security.

•••

The Westchester County Office of Economic Development has announced the appointment of Deborah Novick as Director of Entrepreneurship and Innovation.

Novick will direct the Element 46 incubator program and oversee, and spearhead the expansion of the Biosciences Accelerator program.

Novick was most recently director of the Biotechnology Incubator at New York Medical College, a position she held since 2017. A

Her background also includes having served as an instructor for a course on women’s entrepreneurship at the Women’s Enterprise Development Center; co-founding a successful real estate staging firm and served as fund manager for several venture capital funds.

Novick earned a Bachelor of Science degree from Cornell University’s College of Industrial and Labor Relations. She holds a Chartered Financial Analyst designation.

•••

Douglaston Development announced that Arden Sokolow has joined the firm as Executive Vice President of Affordable Housing.

Her primary focus will be on affordable housing preservation and development, government relations and community outreach.

Sokolow’s experience includes a stint as Chief of Staff at NYCHA from May 2018 to May 2019. During her time at the agency, she primarily worked on negotiating an agreement between the United States Attorney and the U.S. Department of Housing and Urban Development regarding NYCHA compliance issues.

Additionally, Sokolow led the creation of the NYCHA 2.0 Plan to raise $24 billion for the authority.

Sokolow has served in various roles at the city, state and federal levels. She was the Regional Director for Multifamily Housing at HUD, Managing Director for Housing Programs at GOSR and held several positions at HPD, including leading the inclusionary and tax incentive programs and creating a distressed assets program to address the housing impacts of the 2008 financial crisis.

Sokolow holds a B.A. in Urban Studies from Columbia University and a Master of Urban Planning from Hunter College.

•••

Fairstead announced the appointment of Brett Meringoff as Senior Vice President in the firm’s Bethesda, MD office.

Meringoff will work on ground-up developments and new acquisitions for both affordable and mixed-income projects across the country.

A eteran of the affordable and mixed-income development sectors with over two decades of experience, Meringoff most recently served as Senior Vice President for Winn Companies. Before that, he founded BEM Companies LLC and BEM Consulting LLC in 2009, a real estate organization that specializes in affordable housing development and consulting services to small-and medium-sized companies.

He earlier served as Director of Development for Coalco International (now operating as Corigin), a global real estate development and investment company, and began his career with The Related Companies in New York City.

Meringoff has led several well-known developments throughout his career and, in 2019 was appointed to serve on the Board of Directors for the Virginia Department of Housing and Community Development.

Meringoff holds a Bachelor of Arts degree from the University of Pennsylvania.

•••

Savills added Danny Mangru as a research director, a newly created position for the oversight of research that includes Savills’ quarterly office market reports and other high-level market analytics for the Tri-State region.

Previously, Mangru served as research manager at Transwestern Commercial Services, overseeing all aspects of the research department. He also worked as a senior research analyst at CBRE, Inc. and a research analyst at REIS, Inc.

•••

CBRE has promoted Donna Falzarano to First Vice President.

An experienced veteran of the commercial real estate industry, Falzarano has been with the CBRE Capital Markets group since 1993 and is active in all areas of commercial real estate finance. She has closed more than $7.5 billion on behalf of the debt team’s varied client base, primarily in the New Jersey MSA.

Along with partners James Gunning and Kyle Saviano, Falzarano has represented several high-profile clients including The Morris Companies, Russo Development, Hartz Mountain Industries, JP Morgan Asset Management and Murray Construction, among others.

Falzarano is based at the firm’s office in Saddle Brook, New Jersey.

•••

Nicholas Dries has joined The Feil Organization as Director of Leasing, focusing primarily on the company’s New York City retail portfolio.

Prior to joining Fei, Dries was a Director of Commercial Leasing at EXR, where he represented some of the largest commercial landlords in Brooklyn. He started in the commercial real estate industry with Simon Property Group, serving as Assistant General Manager of Woodbury Common Premium Outlets and then as General Manager of multiple centers in the Simon’s portfolio.

Dries earned a Bachelor’s degree in Finance and Economics from Saint Anselm College.

•••

RIPCO Real Estate (RIPCO) announced that Nina Becker, an industry veteran with over 14 years of experience in retail real estate, has joined to help expand the company’s retail services, specifically within the hospitality retail sector.

Becker previously worked at CBRE for six years, most recently as Vice President in the New York Tri-State Region’s Retail Services Group.

She will work alongside brokers Lisa Daniel and Jeff Nable in the Greenwich office.

Over the course of her career, Becker has represented several global, national and regional brands including Ralph Lauren, H&M, Wells Fargo, Retail Group of America (RGA), Nissan and Wendy’s.

On the landlord side, she has represented notable owners like BLT, Cappelli Enterprises, Metropolitan Plaza, Urstadt Biddle and China Harbor.

Prior to working with CBRE, Becker was a Senior Managing Director at Liberty Enterprises and a Senior Managing Director at Coldwell Banker Commercial.

Becker is president of the Retail & Hospitality Division at the Philippine American Business Chamber.

She graduated from Parsons School of Design with a Bachelor of Arts and speaks four languages.

•••

SJP Properties announced the promotion of two professionals to key leadership positions.

Peter Bronsnick has been promoted to President, New Jersey Region; and Andrew Natale to Chief Operating Officer.

With 18 years of commercial real estate experience, Peter Bronsnick joined SJP in 2012 and most recently served as an executive vice president.

In his new role, Bronsnick will oversee business development, marketing, leasing, and external affairs. He will provide leadership for the company in New Jersey, and work directly with Pozycki and key SJP executives to establish short and long-term goals, strategies and company vision.

Andrew Natale joined SJP in 2014, most recently serving as a senior vice president overseeing SJP’s construction services for global corporations and other major real estate owners.

As COO, he will manage the operating performance of SJP’s construction, property management, recruiting and human resources functions.

His responsibilities also include construction initiatives for SJP Properties’ real estate portfolio, and consulting services for national corporations through SJP Project Solutions, SJP’s third-party development and construction management division.

•••

Avison Young, New Jersey, announced that Rick Zack has joined the company as its new Director of Real Estate Management Services.

He will oversee business development for the firm’s asset and property management business throughout New Jersey, as well as spearheading the growth of development asset services on behalf of institutional owners and local investors.

Zack brings over 20 years experience to his new role.

He most recently served as a Regional Vice President with CIM Group. Before that, he spent almost 18 years with Advance Realty where he oversaw the property management s of a portfolio with over four million square feet in NJ, MD and VA.

Zack holds a Bachelor of Arts degree from Kent State University as well as a Real Property Administrator (RPA) and Facilities Management Administrator (FMA) designation from Building Owners and Managers Institute (BOMI) International.

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