News: Brokerage

Cresa strengthens its New Jersey team with two senior hires

Rutherford, NJ According to Cresa, Chip Conklin and Chris Masi have joined the company as a principal and senior vice president, respectively. Based in the Rutherford office, Conklin and Masi will work with office clients throughout the Northeast corridor.

“As we continue to grow our business in the Northeast, we're investing in talent and resources that enable us to better serve clients and capitalize on new opportunities across the region,” said Tony Juliano, managing principal—Northeast Region. “We’re thrilled to welcome Chip and Chris to Cresa. Not only are they outstanding producers, but their occupier focus and spirit of collaboration is culturally a perfect fit.”

Conklin joins from Savills, where, as a senior managing partner, he advised Fortune 500 companies and local businesses, delivering custom real estate solutions to meet operational goals while maximizing flexibility. Previously, he co-founded Strategic Alliance Partners LLC, a firm known for its tenant advocacy, which Savills would later acquire. He began his career in commercial mortgage and debt.

Conklin’s client-first approach ensures that real estate strategy aligns seamlessly with business development goals and operational needs. He brings a proven track record of success negotiating transactions for companies across a wide variety of industries, including Esai Inc., Astellas Pharma U.S., Inc., Homebridge Financial Services, McElroy, Deutsch Law Firm, Camerican International, Boehringer Ingelheim, TKL Research, Revman International, and Ronan, Tuzzio & Giannone.

Masi joins from JLL, where he was a vice president. Before that, he worked at HFF as a director and started his real estate career at RFK. Known for his comprehensive understanding of both the qualitative and quantitative drivers of his clients’ businesses, he serves clients throughout the Tri-State area as well as clients with real estate portfolios across the U.S. Representative transactions include WebMD’s headquarters lease in Newark, NJ; Pentax Medical’s headquarters lease in Montvale, NJ; and Summit Financial’sheadquarters lease in Parsippany, NJ. Tata Consumer Brands, IBISWorld, and Cellebrite are among his notable clients.

“The addition of Chip and Chris marks a major step in growing our New Jersey office,” said Jason Fray, Cresa’s managing principal and co-market leader—New Jersey. “We are bringing in top tier talent—tenant focused veterans who are market savvy and can have an immediate impact—to position the office for long-term success.”

MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.