News: Brokerage

Orange County Partnership's new board members for 2014

Alan Marks, chairman of the board of the Orange County Partnership, revealed the addition of distinguished business professionals to the board of directors. Marks said "Our newest members have consistently shown a commitment to economic development and their knowledge and skills will undoubtedly strengthen our ability to keep Orange County competitive." Newly named to the Orange County Partnership board of directors are: Dennis Barnett, president of "Propinquity Associates" Business and Management Consulting, is the former Director of Technology for the Champion International Corporation and Vice-President of the New York City Transit Authority managing its quality, testing and inspection functions. Dennis currently teaches undergraduate courses in organizational leadership at Marist College and the Culinary Institute of America. He has served on and chaired a number of corporate boards and recently chaired the Orange County Capital Development Corporation that cultivated public/private partnerships to help entrepreneurs build their business in Orange County. Timothy Cawley is president and CEO of Orange & Rockland Utilities, Inc., a wholly-owned subsidiary of Consolidated Edison, Inc. Prior to being named President and CEO, Tim was the senior Vice-President of Central Operations for the Consolidated Edison Company of New York. His responsibilities included the planning, design, operation and maintenance of the electrical transmission system, the company's primary control center and electric substations, electric and steam generating plants, the steam system, and engineering and construction activities. Tim recently served on the Board of Directors of the South Bronx Overall Economic Development Corporation. F. Edward Devitt, a lifelong resident of Orange County, is the founder and broker of Devitt Real Estate that specializes in land subdivisions, the development of single-family dwellings and apartment complexes to contribute to the growth of the Village of Montgomery. Additionally, Ed founded numerous county based corporations including Devitt Management & Associates, Winding Hills Golf Course and Springhouse Apartments. In addition to his previous tenure on the Orange County Partnership Board, Ed has served as the Director of the New York Business Development Corporation, the Orange County Citizens Foundation and the Orange County Water Authority among others. Jonah Mandelbaum, CEO of Warwick Properties, Inc, a development corporation, nurtured his love for building through his involvement in a family-owned cabinet business. In 1984, Jonah settled in Warwick and established MJJ Builders. A successful builder of luxury single‐family homes, in 1995, Jonah expanded into building affordable multi‐family housing for senior citizens. In addition to Warwick Properties, Jonah is CEO of MJJ Builders Corp. and Devon Management. Jonah has also served on the Boards of Trustees for the Winslow Therapeutic Center, The Hudson Valley Home Builders' Association and St. Anthony's Community Hospital and maintains a current position on the Orange County Water Authority. Steven Neuhaus was elected Orange County Executive in November, 2013. Steve achieved his Bachelor of Arts Degree from Mount Saint Mary College and his Masters in Public Administration from Marist College. He has management experience in both the public and private sector as the Chester Town Supervisor, Chester Councilman and Vice-President of Special Projects for Taylor Recycling. Steve is involved in a variety of volunteer organizations and is an officer in the Navy reserve assigned to the Navy Expeditionary Combat Command. Senior Partners Alteva, Inc. Crystal Run Healthcare Landmark Sponsors Advance Testing Company, Inc. Central Hudson Gas & Electric E. Tetz & Sons, Inc. Orange & Rockland Utilities, Inc. Sterling National Bank TD Bank Distinguished Investors Ball Corporation CPV Valley Energy Center, LLC Drake, Loeb, Heller, Kennedy, Gogerty, Gaba & Rodd PLLC Orange County Trust Company Commercial Broker/Realtor Sponsors Construction Contractors Association of the Hudson Valley Fabricators & Erectors Association Hudson Gateway Association of Realtors, Inc. John J. Lease Realtors/Commercial RJ Smith Realty
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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