Printer Friendly

Al Berger forms real estate firm.

Albert I. Berger, former senior vice president of Helmsley-Spear, Inc. and chief executive officer of Helmsley-Greenfield, Inc., has announced the formation of a new company, Al Berger & Co. Inc. The real estate firm will provide investment, financial and tenant representation services throughout the Eastern United States.

The company is headquartered in Rutherford, New Jersey, and a Philadelphia branch is planned for next year.

According to Berger, the current climate provides a number of unusual offerings, including acquisition and refinancing loans with favorable interest rates; foreclosed properties with potential for long-term profitability, and a possible renogotiation of lease terms for commercial tenants.

On behalf of its clients, Al Berger & Co. has begun to acquire portfolios of mortgages, multi-family residential developments and industrial properties.

Berger has provided real estate services for office and industrial properties, multifamily homes, shopping centers and hotels in the tri-state region. As director of Helmsley's New Jersey and Philadelphia brokerage operations, Berger managed a staff of 130 in seven offices and oversaw the management of 5 million square feet.

In addition, he oversaw more than $1 billion in real estate transactions, including the $100 million financing of the Blue Cross/Blue Shield facility in Newark, New Jersey.
COPYRIGHT 1992 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Al Berger and Company Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 19, 1992
Previous Article:Insurance firm offers cost-saving program.
Next Article:Tom Bermingham joins ESG.

Related Articles
Suburban owner emphasizes service.
Robert Martin Co. forms Barter Financial Services.
Some lenders make cautious return.
Market welcomes new international investors.
Investment in industrial market picking up.
Real estate executives bullish on Westchester.
Law firm renews lease at 747 Third Avenue.
Price is right in Williamsburg.
State of Israel Bonds Real Estate New Leadership Cabinet hosts breakfast in advance of May 3 tribute luncheon.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters