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Cushman & Wakefield Metropolitan Area Financial Services Group: 13 years of growth. (Profile of the Week).


As many real estate organizations react to the signs of a recession by tightening their belts, Cushman & Wakefield's Metropolitan Area Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. Group (FSG See Linux Foundation. ) based in East Rutherford, N.J., has marked 13 consecutive years of growth with a three-member team expansion. Real estate professionals Sam Kirschenbaum from United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Land Resources Noun 1. land resources - natural resources in the form of arable land
natural resource, natural resources - resources (actual and potential) supplied by nature
, Kevin O'Hearn from Insignia/ESG and Stephen P. Olvany from Cushman & Wakefield's New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 headquarters have joined the Metropolitan Area FSG as it continues to diversify its activity both geographically and by product type.

Founded in 1987 by Andrew I. Merin, executive vice president, and David Bernhaut, executive director, the Metropolitan Area FSG specializes exclusively in real estate investment banking (sales, joint ventures and financing) in northern New Jersey; Fairfield County Fairfield County is the name of three counties in the United States:
  • Fairfield County, Connecticut
  • Fairfield County, Ohio
  • Fairfield County, South Carolina
, Conn.; and Long Island and Westchester County, N.Y. The group provides counsel on acquisitions, dispositions and financing, working, on behalf of owners, developers, corporations, financial institutions, pension funds and real estate advisors. During the past 10 years, the Years, The

the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]

See : Time
 Metropolitan Area FSG has completed 163 transactions totaling 42 million SF and valued at nearly $4 billion.

According to Merin, the market downturn has created an increased need among the group's clients for assistance in creating opportunities for acquisitions and dispositions as well as the added challenges of closing transactions in today's capital markets environment.

Olvany, a 14-year Cushman & Wakefield veteran, has been named director of the Group's Stamford, Conn., office. Previously, he worked for the Financial Services Group in Manhattan, where he assisted in sales involving more than $500 million worth of real estate totaling 2.79 million SF in the past five years.

Kirschenbaum, a mortgage broker, comes to Cushman & Wakefield with 22 years of industry experience, having previously been associated with Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index
Standard and Poor's Index
, Sonnenblick-Goldman and United States Land Resources.

O'Hearn, a financial analyst, has rejoined Cushman & Wakefield as a financial associate. He began his career 11 years ago in me company's Manhattan office and worked for several years in East Rutherford until 1998. O'Hearn's expertise includes financial and market analysis, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  management and property underwriting.

Other senior members of the Metropolitan Area FSG include David Bernhaut, executive director, and Gary Gabriel, senior director. The Metropolitan Area FSG also includes investment brokers Jose Cruz and Ines Leung. The team has more than 83 years of combined industry experience.

While a majority of the Metropolitan Area FSG's transactions involve office and industrial property, the team also provides expertise in the retail and residential sectors. Bernhaut, who has worked with Menu since 1987, cites the team's niche focus as a key to its outstanding track record.

The Metropolitan Area FSG's most notable deals during the past two years included the sale of the 1.8 million-SF Novartis Pharmaceuticals Corporation Summit Research and Office Campus in Summit, New Jersey, to Schering-Plough Corporation. The value, with aggregate rent, totaled nearly $250 million, resulting in the largest sale in New Jersey during 2000, in terms of both size and dollar value.

In early 2001, the Metropolitan Area FSG closed the $105 million sale of the 482,852-SF International Paper Building in Stamford, Connecticut. 400 Atlantic Associates, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a partnership consisting of The Landis Group of Stamford, Allegiance Capital Partners of New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 and RiverOak Investment Corporation, LLC of Stamford, purchased the property in the largest Fairfield County office sale in two years.

FSG and its individual members have been recognized consistently by the industry and the Cushman & Wakefield organization. For the past two years, the team has received the Creative Deal of the Year Award from the National Association of Office and Industrial Parks, New Jersey Chapter. As a result of client feedback, the Metropolitan Area FSG is an ongoing recipient of the Cushman & Wakefield Service Excellence Award. And its individual brokers time and again rank among the top Financial Services Group producers nationwide.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 23, 2002
Words:636
Previous Article:Professional Realty announced the sale of 326 Main Ave., a 3,200 SF office building in Norwalk, Conn., to Jes Mar Associates for $677,000....
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