Ed Hoel Elected to Tacquire Board of DirectorsAugust 30, 2010
Ed Hoel, managing principal of our Raleigh office, has recently been elected to the board of directors for Tacquire. Tacquire, the new business launched by the Triangle Commercial Association of REALTORS® (TCAR), will provide members with a data portal to manage commercial real estate listings, exchange market information, and research property data. The data portal is expected to launch in early September. Ed was chosen for being a top performing commercial real estate broker in the Triangle area. He was also recently recognized as part of TCAR’s Million Dollar Sales Club for 2009.

August 23, 2010
For the fourth year in a row, members of the Boston office participated in the Pan-Mass Challenge as part of Team Zipcar. The Pan-Mass Challenge is the nation’s original fundraising bike-a-thon that runs through 46 towns across Massachusetts over a two-day period. Since its inception in 1980, the bike-a-thon has contributed $270 million to cancer research and treatment at Dana-Farber Cancer Institute through the Jimmy Fund.
Zipcar, one of Boston’s leading transportation companies and a client of CresaPartners, sponsored the team of 25 riders. Team Zipcar raised $170,000 this year and has generated more than $500,000 since their first ride in 2007.
“Team Zipcar started out as a team of individuals all riding for their own personal motives, whether they were a cancer survivor themselves or they had close family member touched by cancer,” said Chris Crooks, principal of our Boston office. “But over the last four years this team has grown to be a group with one purpose, raising money to help push the search for a cure for cancer, so that no family member or friend has to suffer the emotional and physical pain that comes with cancer. I am proud to be a part of this team and proud of what we have accomplished.”
Barabara Liberatore Black Honored with Two AwardsAugust 16, 2010
Congratulations to Barbara Liberatore Black, founding principal of our Miami office, for being named a Women of Influence for the third year in a row by Real Estate Forum. She was recognized for her career achievements in the commercial real estate industry and was one of 53 women chosen out of nearly 300 nominations. Barbara was also named one of the 2009 Movers & Shakers by Business Leader Media as a rising leader in the South Florida area.
CresaPartners Names Jim Ricker to Head Facilities Management ServicesAugust 9, 2010
CresaPartners has named Jim Ricker, vice president of corporate services, to head the firm’s nationwide Facilities Management services. This new offering, the result of a partnership with Jorgensen Facilities Services, will provide comprehensive, fully integrated corporate services—including call centers, on-site operations, and office support—designed to reduce costs and improve operations.
Ricker has more than 40 years of experience in the acquisition and management of corporate real estate, the management and leasing of commercial properties, and asset management. He previously served as cofounder and president of Phoenix Corporate Services, a real estate outsourcing firm purchased by Trammell Crow Company. Prior to that, he was corporate real estate manager for Digital Equipment Corporation, asset manager for The First National Bank of Boston, and property manager for Niles Company in Boston.
Ricker, a member of CoreNet, International Facilities Management Association (IFMA), and an Institute of Real Estate Management (IREM) certified property manager, is a graduate of Hamilton College.
August 3, 2010
CresaPartners has entered into an agreement with Jorgensen Facilities Services to provide Facilities Management services to organizations nationwide. This partnership comes in response to companies that are looking for comprehensive, fully integrated corporate services that reduce costs and improve operations.
Services include 24/7 call centers, on-site operations, maintenance and repairs, office support, energy management programs, facility engineering, web-based programs, management of security and cafeterias, and consulting. Applying a preventive and corrective approach, the assigned Facilities Management team offers scalable solutions as it customizes programs based on client needs.
“It’s a win-win situation for the two firms and our clients, who can expect smoother operations as we manage all facility needs through a single point of contact,” said Jim Ricker, vice president of corporate services at CresaPartners. “Companies can focus on their core competencies while our specialists help to improve their bottom line and strengthen their competitive edge.”
“Both CresaPartners and Jorgensen excel in the delivery of corporate services and have many shared values, including high ethical standards,” said Carl Edelblute, senior vice president at Jorgensen. “Companies will benefit from our seamless, complementary approach as well as the fact that our firms are both privately owned, have great depth of experience, no conflicts of interest, and no debt.”
July 26, 2010
CresaPartners’ Minneapolis office was recently named one of the Best Places to Work for 2010 by the Minneapolis/St. Paul Business Journal. Hundreds of companies vied for a spot in this year’s Best Places to Work, with 55 qualifying. To qualify, a certain percentage of employees had to complete an online survey, conducted by an independent research group, rating their employers’ work environment, people practices, personal growth and development opportunities, and leadership.
CresaPartners' Minneapolis office was chosen in the small company category. This is the fifth year in a row that the Minneapolis office has received this designation.
![]() |
George Boyadjis Elected to Financial Executives International Board of DirectorsJuly 19, 2010 George Boyadjis, executive director with CresaPartners Minneapolis, has been elected to the Financial Executives International (FEI) 2010-2011 Board of Directors. FEI is an association for senior finance executives that provides networking opportunities, advocacy, regulatory updates, and career management for its members. In his fourth year on the Board, George will serve as national vice chair. Previous leadership roles included senior vice president at large, chair of the Strategic Planning Committee, and president of FEI’s Twin Cities chapter. |
![]() |
Robert Shibuya Joins CresaPartners as Advisory Board MemberJuly 12, 2010 Robert Shibuya has recently joined CresaPartners as advisory board member to our Board of Directors. Shibuya, a 27-year industry professional, will provide input on strategic marketing development, tenant advisory services, and transaction management best practices. He currently oversees acquisitions and asset management for the Western US for Emmes Asset Management in Newport Beach, California. Before that, Robert served in senior-level positions at DTZ Holdings, Trammell Crow Company, CB Richard Ellis, and Cushman and Wakefield. “We’ve known Robert and have been impressed by his considerable success over the years,” said Gerald Porter, chairman. “We are delighted that he has joined our leadership team, and we know we will benefit from his experience and enhance our opportunities for growth.” Shibuya’s professional affiliations have included SIOR, Corenet, BOMA, and the Urban Land Institute. He earned a B.S. in Business Administration/Finance from University of the Pacific. |
![]() |
Luciana Carvalho Elected to Greater Miami Chamber of Commerce Board of GovernorsJuly 5, 2010 Luciana Carvalho, an associate with CresaPartners Miami, was recently elected to the Greater Miami Chamber of Commerce Board of Governors, effective June 2010. Previously, Luciana was active in the Chamber’s HYPE Committee, New World Center, and Membership Team. The Chamber is the largest business organization in South Florida with over 400,000 members and is committed to issues such as quality of life and social justice for all residents of the area. |
June 27, 2010
While the financing of commercial real estate has received much attention this past year, most of the focus has been on the impact on banks and property owners. But what about the implications for tenants and end users of commercial real estate who have an opportunity to leverage their negotiating strength as landlords continue to struggle?
The contributing factors that led to the CRE credit crisis are obvious. CRE investment markets exploded with record years leading up to the recession. During this period, property values climbed, and lending practices loosened. Companies should look at ways to minimize their risk in existing leases and in new lease transactions over the coming years.
Learn more from Craig Zodikoff, managing principal, CresaPartners; Tyler Kellogg, vice president, CresaPartners; and Jim Janz, Sideman & Bancroft LLP, here.
June 21, 2010
While the office market continues to lag, many tenants are still cautious about making decisions regarding their real estate portfolios. At the same time, more tenants are taking this time to look long term, focusing on ongoing corporate services that go beyond the deal.
In the latest edition of the CresaPartners Connection, we provide an update of market trends in our lead story, which also shows how companies are leveraging Project Management services. We elaborate on opportunities for tenants in MarketTrends and feature the latest developments in Sustainability in GoingGreen. TenantTips focuses on how to select a Project Manager, and Strategies that Save outlines hidden costs you can avoid with upfront Project Management. In ClientCorner, we illustrate how an integrated approach from Project Managers and Advisors can provide great value for companies like Lewtan Technologies.
Read more about these topics and articles from previous Connection newsletters here: http://www.cresapartners.com/news/newsletters.asp.
![]() |
CresaPartners Portland Assists Nonprofit in 50,000 SF Workplace Conversion from Private Office to Open WorkstationJune 14, 2010 CresaPartners in Portland, led by Senior Advisor Matt Newstrom, recently assisted Education Northwest in a four-phase restack of their 50,000 SF space for a lease renewal. Education Northwest is a nonprofit that works to improve learning by working with schools, districts, and communities on comprehensive, research-based solutions to the challenges they face. Over the course of nine months, CresaPartners managed the workplace conversion from 90% private office to 100% open workstations with no down time for the company. Other changes included conversion to a VOIP phone system, complete upgrade of the servers, and deployment of 180 new computers. The transaction management team found additional savings of $300,000 in incorrectly recovered real estate taxes that was reimbursed by the landlord. The final and fourth move phase occurred on schedule and under budget. |
June 7, 2010
CresaPartners Minneapolis recently represented Cray Inc., a super-computing company, in a relocation of their Twin Cities operations from Mendota Heights to 55,300 SF in St. Paul. After signing the lease on the building, which has been renamed Cray Plaza, Cray embarked on a major renovation and reconstruction of their space with the Minneapolis office, working with our local PM group, completed it in just 10 weeks. The significant workplace transformation earned the project the Minneapolis/St. Paul Business Journal’s Best in Real Estate Award for the interior renovation category. To read the full article, click here.
![]() |
Darren Fleming Receives Ottawa Business Journal’s Forty Under 40 AwardMay 31, 2010 Congratulations to Darren Fleming, managing principal of CresaPartners Ottawa, who was a recent recipient of the Ottawa Business Journal’s Forty Under 40 award for 2010. These awards annually recognize business people in the Ottawa area under the age of 40, and nominees are assessed based on their career accomplishments, professional expertise, and community and charitable involvement. To see the full list of recipients, please visit the Forty Under 40 website here. |
![]() Liberatore Black |
Barbara Liberatore Black and Matthew Goodman Honored with South Florida Office Lease Transaction of the YearMay 24, 2010 ![]() Goodman |
May 17, 2010
CresaPartners Community Outreach recently raised $70,000 at the annual all-company meeting held in Scottsdale, AZ. Over the course of the long weekend, more than 60 items were auctioned off in both a silent and live auction. The money raised will benefit CresaPartners Community Outreach’s five charities: The CJ Hubbard
Foundation, Kidsave, Special Operations Warrior Foundation, The Children’s Inn at NIH, and A Better Chance.
The CJ Hubbard Foundation was started in honor of CJ Hubbard, a CresaPartners employee who was tragically killed in November of 2009. The foundation hopes to provide financial assistance for students in the Southern California area, where CJ grew up. Kidsave works to move older children out of orphanages and foster care and into permanent, loving families. The Special Operations Warrior Foundation provides college scholarship grants and financial aid to the surviving children of special operations personnel. The Children’s Inn at NIH is a residential “place like home” for sick children and their families while they receive treatment at NIH. A Better Chance strives to open the door to education opportunities for young people of color through their Scholar Program. For more information on any of these charities, please visit their websites at the links above.
May 10, 2010
CresaPartners recently joined forces with Commercial Tenant Advisors LLC to launch Wisconsin’s only pure tenant representation firms. CresaPartners’ new offices will be located in Madison and Milwaukee, and support tenants who have historically been underserved in those markets.
The Madison and Milwaukee offices will be led by Principals Tim Rikkers, Matthew Apter, Joshua Rikkers, TJ Blitz and Michael Levine, all formerly with Commercial Tenant Advisors LLC. Senior Associates Tyler Wright and Ross Rikkers complete the team. Both offices are actively recruiting additional members.
“The principals in our new Madison and Milwaukee offices have a long history of working with CresaPartners and our clients,” said Bill Goade, CEO, CresaPartners LLC. “They have the detailed market knowledge, transactional history and expertise needed for tenant-driven requirements, and will undoubtedly grow our offices.”
May 3, 2010
CoStar Group recently honored 15 CresaPartners offices with Top Brokerage Firm Awards. The annual awards recognize the “best of the best” in commercial real estate brokerage by spotlighting the U.S. firms that closed the highest transaction volume in commercial property sales or leases in 2009. In order to be distinguished for the Top Brokerage Firm Award, CresaPartners was measured against commercial real estate brokerage firms active in their regions by CoStar Group, the largest, independent research organization in commercial real estate. In addition, 12 CresaPartners advisors were recognized as Top Brokers in their respective markets.
![]() Top Rated Faculty members with their awards at the CoreNet Global Summit in New Orleans |
Vik Bangia Named CoreNet Global Top Rated Faculty Member for 2009April 26, 2010 Vik Bangia, vice president, corporate services, has been designated a CoreNet Global Top Rated Faculty member for 2009. CoreNet Global is the preeminent organization for real estate and workplace professionals with 45 chapters worldwide, and is the only association to convene the entire industry across the supply and demand side. Faculty members teach educational seminars for those looking to receive their Master of Corporate Real Estate (MCR) or Senior Leader of Corporate Real Estate (SLCR) designations. Participants evaluate course instructors based on knowledge, interaction, and presentation skills following these seminars. Vik was recognized for his achievement at the Opening Session of the CoreNet Global Summit in New Orleans on April 19. |
April 19, 2010
This month’s edition of National Real Estate Investor (NREI) features CresaPartners as number 17 on the list of the Top 25 Brokerages. The ranking is based on responses to NREI’s Top Brokerage survey, which was conducted in February and March of 2010. The surveyed firms were asked to provide the top dollar value of leasing transactions and investment sales globally in 2009 with the combined totals being used to determine each company’s rank. Click here to see the full list.
April 12, 2010
On Saturday, April 17, CresaPartners will sponsor and send volunteers to CoreNet Global’s Community Reinvestment Challenge as a precursor to their Summit in New Orleans. The day of service will benefit three different organizations in the Upper Ninth Ward, an area still in the process of rebuilding from Hurricane Katrina. Dozens of volunteers will build a house with Habitat for Humanity, help residents beautify their neighborhood with Desire Street Ministries, or work with kids at RUBARB Bikes. For more information, click here to be redirected to the Community Reinvestment Challenge Web site.
April 5, 2010
Dave Toomey and Brian Davies of CresaPartners Los Angeles recently represented Shopzilla, Inc., a leading shopping search company owned by Scripps Network Interactive Inc., in a 53,000 SF lease renewal. In addition to managing the real estate process and conducting lease negotiations, CresaPartners worked with Shopzilla in lobbying for a lower tax bracket for Internet-related businesses. Shopzilla wanted to keep its headquarters but had been evaluating other options ever since the city reclassified Internet companies from “multimedia” to the “business and professional” category, resulting in a five-fold tax rate increase. As a result of the lobbying, the LA City Council voted unanimously to create a new tax category specifically for Internet companies. The new tax structure calls for a modified rate of $1.01 per $1,000 of gross receipts versus the existing $5.50 per $1,000. The favorable tax rate, combined with an attractive economic package offered by the landlord, led Shopzilla to extend its lease.
“Ultimately, this is a win-win situation for the City and so many companies that will save millions of dollars,” said Dave Toomey, principal. “The City Council did the right thing, and we were pleased to be part of the process.”
![]() |
CresaPartners Atlanta’s Building Receives LEED Gold CertificationMarch 29, 2010 Ackerman & Co.’s Premiere Plaza, which houses our Atlanta office, recently received LEED Gold certification from the U.S. Green Building Council (USGBC). The building is one of only a few LEED Gold buildings in Atlanta. Some of the many improvements that helped earn the building’s certification include recycling, high efficiency plumbing, storm water cisterns, and lighting with reduced levels of mercury. Congratulations to Atlanta for their commitment to sustainability! |
![]() |
Phillip Infelise Moderates Panel at Sustainable Opportunities SummitMarch 22, 2010 Phillip Infelise, managing principal of CresaPartners Denver and vice chairman of our Board of Directors, recently led a successful panel at the 5th Annual Sustainable Opportunities Summit in Denver. The panel, titled Energy Efficiency in Existing Buildings, focused on the technologies, economics, and job-creating benefits of retrofitting existing buildings, and more than 150 people attended. The conference was hosted by Connected Organizations for a Responsible Economy (CORE), an association of businesses dedicated to promoting more environmentally friendly business practices. |
![]() Mike Tobin |
Preparing For A Clean-Energy FutureMarch 15, 2010 Given recent developments in both technology capabilities and government incentive programs, it’s an exciting time to build an organization’s sustainability strategy by exploring alternative energy solutions. There are many things that can be done within a company to prepare for a sustainable clean energy future and the increased influence of alternative energy. |
By understanding the energy currently used and new technologies, as well as the myriad of local, state and federal incentives, initiatives and regulations, a business can create a successful strategic plan to capitalize on the available opportunities. Learn more from CresaPartners’ Mike Tobin, director of sustainability, and George Boyadjis, executive director, corporate real estate services, here: http://www.cresapartners.com/minneapolis/news/article2010-0301.pdf |
![]() George Boyadjis |
Each year, the Lipsey Company, a training and consulting firm that focuses on the commercial real estate industry, conducts its Commercial Real Estate Top Brands Survey. More than 50,000 practitioners and industry leaders were surveyed and interviewed, and CresaPartners ranked seventh out of twenty-five corporate real estate brands. Click here http://www.lipseyco.com/pdf/2010.pdf to see the full results.
![]() |
Ed Hoel Receives TBJ SPACE Award for Largest Sale of the YearMarch 1, 2010 Congratulations to Ed Hoel, managing principal in our Raleigh office, for receiving the SPACE award from the Triangle Business Journal for the largest commercial real estate sales transaction of 2009 in the Raleigh-Durham area. Hoel represented EMC Corporation as they looked to expand their operations in the Triangle area, resulting in the purchase of a 450,000 SF industrial facility on Surles Court in Durham, NC. The SPACE awards are given out annually to honor the area’s commercial real estate leaders. “Servicing EMC on a transaction of this size is one of the highlights of my career and a testament to our office’s potential,” said Hoel. |
New Year But Same Challenges
February 22, 2010
It’s a new year, and there are hints of hope regarding the economy. But there’s no quick fix for the commercial real estate market. In the latest edition of the CresaPartners Connection, we address the need for tenants to carefully assess market conditions and maximize their leverage while they still can.
We examine opportunities for corporate space users in the following pieces. The lead story focuses on a slow-to-recover job market and what this means for tenants. MarketTrends highlights the long-term toll and the lingering implications of the recession. And GoingGreen outlines small steps companies can take to promote sustainability without making a big investment. In TenantTips and StrategiesThatSave, we suggest how you can do more with less space and creative Project Management. In ClientCorner, we illustrate how companies like HealthPort are taking advantage of market conditions in a flight to quality.
Read more about these topics and articles from previous Connection newsletters here: http://www.cresapartners.com/news/newsletters.asp.
![]() |
Bret Hefton Chosen as Member of Dallas Leadership CouncilFebruary 15, 2010 Congratulations to Bret Hefton, vice president in our Dallas office, for being chosen as a member of the 2009-2010 Associate Leadership Council (ALC). The ALC is a nine-month leadership development program for 27- to 37-year-olds in the commercial real estate industry. The program is run by the Real Estate Council, an organization of Dallas real estate professionals founded in 1990. Bret was chosen for his exceptional leadership abilities and commitment to community service. As part of the 25-person council, Bret will help choose and execute a real-estate related community service project. “Bret is a dedicated, top-producing member of our staff,” said Scott Jones, principal, CresaPartners Dallas. “We are proud to have him receive this great honor and represent our company on the ALC.” |
![]() James Hunt, chief of environment and energy, City of Boston, and Laury |
CresaPartners Recognized as a Sustainable Business Leader in BostonFebruary 9, 2010 CresaPartners recently received a Certificate of Sustainability from Boston’s Sustainable Business Leader Program (SBLP)—a program assisting small-to-medium size businesses in their pursuit to become more environmentally sustainable. CresaPartners, one of the original 27 participating Boston companies, also received “Best Practice” designations from SBLP for electrical and waste conservation and for increased communication with employees and clients about sustainability initiatives. CresaPartners was recognized for completing SBLP’s action steps and making a significant contribution to reducing our carbon footprint, including: indoor green vegetation to improve air quality; purchasing less-toxic, green cleaning products; instituting an aggressive recycling program; and using Energy Star equipment to conserve energy. CresaPartners has also upgraded office lighting that will save an estimated 5,132 Watts and 14,264 KWH this year. “CresaPartners has met our program’s challenges and is embracing SBLP’s mission of becoming a more sustainable company,” said Laury Hammel, director, SBLP. “CresaPartners has also fulfilled the management component of our program by beta testing it in Boston and then rolling it out nationally as a corporate initiative.” “We think it’s important for CresaPartners to lead by example in the sustainability movement, in our headquarters in Boston and throughout the country,” said Bill Goade, CEO, CresaPartners LLC. “We have made an investment to green up our operations, and it’s already paying off for the environment. Our participation in the SBLP has only deepened our commitment to sustainability as a company.” |
![]() |
Calgary Office Sponsors K2 Race Series for 2010 Ski SeasonFebruary 1, 2010 CresaPartners’ Calgary office is sponsoring the K2 Race Series, a ski racing program for 13 and 14 year olds. The program is run by Alberta Alpine and supports young athletes learning key athletic, team-building, and leadership skills across the province of Alberta. As part of the sponsorship, CresaPartners provides all of the equipment for the ski club’s host races. The CresaPartners K2 Race Series kicked off in early January, and will continue throughout the 2010 ski season. “We’re thrilled to be the presenting sponsor of the K2 Race Series in Alberta. The commitment, athleticism, and work ethic shown by these young racers is remarkable,” said Gary Jones, managing principal of CresaPartners’ Calgary office. “We’re confident our investment will go a long way to ensuring Alberta Alpine can continue to offer programs that produce both world-class athletes and citizens.” |
![]() |
Barbara Liberatore Black Named as a Woman of InfluenceJanuary 25, 2010 Congratulations to Barbara Liberatore Black, founding principal of our Miami office, for being named a Woman of Influence for the second year in a row by Real Estate Forum and Real Estate Florida magazines. These awards are given to accomplished women in the commercial real estate industry in recognition of their career achievements. Black was one of 51 women chosen out of 250 nominations. She has been involved in transactions totaling more than seven million SF and has served as the exclusive representative of all Merrill Lynch real estate requirements throughout the Southeastern United States for more than 25 years. “Barbara’s dedication, professionalism, and passion have always been the essential elements of her success,” said David Prevé, founding principal of our Miami office. “We are very proud of her achievements both in her real estate career as well as her commitment to the South Florida community.” |
![]() |
Managing Principal Craig Zodikoff Joins San Francisco OfficeJanuary 18, 2010 We are pleased to announce the addition of Craig Zodikoff, managing principal, to the San Francisco office. Craig has worked in commercial real estate for more than 13 years and was previously with GVA Worldwide and Equis Corporation. He has a diverse real estate experience, leading projects within every asset type and across many industries, including more than 4.5 million square feet of build to suit projects. Prior to his time in corporate real estate, he worked as an attorney focusing on corporate law, bankruptcy, and commercial real estate. Craig received a BA from Vassar College and a JD from the University of Denver. “We are glad Craig joined the CresaPartners family and expect that he will help lead and grow the San Francisco office,” said Bill Goade, CEO, CresaPartners |

January 11, 2010
Members of our Boston office participated and raised funds in last year’s Jimmy Fund Walk as part of Team David, organized in honor of Managing Principal Bob Shulman’s son, a cancer survivor. Launched in 1996, Team David has worked tirelessly to raise money for vital cancer research at Dana-Farber Cancer Institute. In 2009, the team raised more than $67,000, bringing Team David’s total fund raising to nearly $600,000.
January 4, 2010
We are pleased to announce the opening of our Norwalk, CT office, which will service corporations in Fairfield County, CT and Westchester County, NY. Seasoned advisors Jeff Gage, formerly of Jones Lang LaSalle, Shelly Russo, formerly of Digitas, Inc., and Judd McArthur, formerly with our NY office, comprise our new Connecticut team.
Each member of CresaPartners’ Norwalk office has more than 20 years of commercial real estate experience. McArthur and Gage have strong track records of providing local clients with superior Transaction Management services, and Russo brings the execution and Project Management skills that she perfected while at Digitas, Inc. and IDX (now GE Health).
“We’re pleased to have a like-minded team of accomplished advisors join the CresaPartners family,” said Bill Goade, CEO, CresaPartners. “They will continue to recruit local market talent who are dedicated to the tenant representation model and will undoubtedly grow our Connecticut office.”