Tag: cibs-li

Melissa Naeder, a senior director at Cushman & Wakefield, earned a top award at the annual meeting of the Commercial Industrial Brokers Society of Long Island on Monday. 

Naeder, an 18-year veteran of the Long Island real estate industry, co-founded the CIBS W committee to support, mentor and promote female professionals. She was presented with the organization’s 2023 Presidents Award in recognition of her contributions in fortifying CIBS and advancing the commercial real estate sector on Long Island. 

“Melissa is a true advocate for our industry, and her contributions to our organization have been substantial,” CIBS Co-President Ted Stratigos, principal and managing director at Avision Young, said in a written statement. “Through her leadership and role as the chair of the CIBS W committee, our organization has expanded its leadership role within the industry and the region.” 

The event held at The Paramount in Huntington combined CIBS’ annual meeting with its holiday party. CIBS also recognized developer G2D Group with its Associate Sponsor of the Year award. The CIBS Rising Star award was presented to Stephen Cadorette of Cushman & Wakefield and Steve Sessa of Colliers.  

“CIBS is proud to continue our tradition of celebrating excellence and innovation within the Long Island commercial real estate community,” Co-President David Pennetta and Cushman & Wakefield’s executive managing director, said in the statement. “These awards not only recognize outstanding achievements but also inspire the industry’s future leaders.” 

CIBS also took time to honor and remember five of its members who passed away this year, including Dom D’Angelo, Michelle Zere, Doug Furer, Jillian Ramirez, and Jarrett Pagano. 

The Commercial Industrial Brokers Society of Long Island has launched a program of golf lessons for young professionals. 

The program is designed to teach the fundamentals of the game while also facilitating networking with other real estate professionals. 

The golf lessons are led by experienced golf instructors at the Nassau Country Club in Glen Cove and are open to CIBS-LI Future Gen members and non-members between the ages of 21 and 39. The program includes six lessons, covering topics such as swing mechanics, short game, putting, and course management, according to a CIBS-LI statement.  

“We’re excited to offer this unique opportunity to our Future Gen members,” Joe Sorbara, CIBS-LI Future Gen committee chair and vice president at JLL, said in the statement. “Golf is a great way to connect with colleagues and clients, and our program is designed to help young professionals build their skills and confidence on the course.” 

The golf program also features networking events and friendly competitions, providing participants with opportunities to meet and connect with other professionals in the industry. 

“As a committee, we are looking to provide Future Gen members with opportunities to develop skills that will help them advance their careers in the industry,” Clem Coté, Future Gen committee member and managing principal at Sovereign Realty Group, said in the statement. “At the end of the day, these golf lessons are not just about improving your swing, they are about honing the discipline and focus necessary to succeed in business.” 

Frank Soler, a principal at Sovereign Realty Group and CIBS-LI Future Gen member who attended this week’s lesson, said the program provides a great experience. 

“Golf is both a life and a business skill and having a chance to learn from professionals is a tremendous opportunity,” Soler said in the statement. “But what made it truly unique is the camaraderie and sportsmanship among my fellow committee members. It’s a testament to all of the hard work CIBS puts into connecting people in our industry.” 

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The Commercial and Industrial Brokers Society of Long Island is creating a new industry designation of professional achievement called CIBS Elite. 

The designation is aimed at qualified real estate practitioners with a strong transactional history in brokerage fee-based services.  

Brokers will have the opportunity to achieve the CIBS Elite designation by passing four, three-hour education classes over the course of a year and maintain an active membership in CIBS, according to an organization statement. The courses include New York State brokerage law, professional ethics, and mediation and arbitration, with additional classes covering capital markets and investment properties, underwriting, valuation and appraisal, environmental insurance, and government assistance agencies such as industrial development agencies and the Empire State Development Corporation.  

“As an organization, we must do everything we can to promote the best standards of our industry,” David Pennetta, CIBS co-president and executive managing director of Cushman & Wakefield, said in the statement. “In creating the CIBS Elite designation, we can better support those brokers who represent the best of our industry, while providing them additional tools to succeed.”    

Ted Stratigos, CIBS co-president and managing director and principal at Avison Young, said the new designation will indicate to future clients that these brokers have a higher level of understanding. 

“CIBS Elite designees should be considered the most qualified and experienced, the best of the best when choosing your real estate professional,” Stratigos said in the statement. 

The program is set to launch in late spring with classes being held at several locations throughout Long Island. Additional information, including the application process and associated costs, will be posted shortly on the CIBS website at cibs-li.com. 

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An industry panel expressed cautious optimism when discussing the commercial real estate outlook for the year ahead. 

More than 160 people attended the Commercial Industrial Brokers Society of Long Island’s 2023 State of the Industry event last week in Melville. The event featured a panel that included David Hercman, director of Asset Management at Milvado Property Group; Robert Kent, executive vice president and partner at Tritec; Craig Weiss, president of T. Weiss Realty; Kyle Crennan, managing director with JLL; Paul Leone, senior vice president at CBRE; and Melissa Naeder, senior director for Cushman & Wakefield. The panel was moderated by Peter Curry of Farrell Fritz, P.C. 

The panel discussed trends and predictions for the industrial, office, retail, and multifamily sectors. 

“The industry is approaching 2023 with cautious optimism,” CIBS Co-President Ted Stratigos, managing director and principal at Avison Young, said. “While some sectors continue to face challenges, our region has always been resilient. The retail and industrial sectors remain strong and we are all too familiar with the need for multifamily housing.” 

The conversation focused on current market conditions, regional projects and the obstacles of doing business on Long Island. 

“The commercial real estate industry faces many of the challenges other industries on Long Island do,” Curry said. “With the uncertain economic forecasts for the year ahead, the experts on the panel were quick to note the industry’s ability and history in outperforming other markets.” 

Last month, CIBS announced its new slate of executive board members, including two members selected to serve as co-presidents, David Pennetta, two-time past CIBS president and Cushman & Wakefield executive managing director and Ted Stratigos, managing director and principal at Avision Young. 

Other executive officers for CIBS include Ralph Benzakein of Cresa Long Island, who will serve as vice president; Melissa Naeder of Cushman & Wakefield, who’ll serve as treasurer; Leo Farrell of Avison Young, who serves as secretary; and United Realty principal Gary Schacker, who will serve as strategic officer. 

The Commercial Industrial Brokers Society of Long Island honored its legal counsel Peter Curry and several other trade group members at its annual awards ceremony last week. 

Curry, a partner at Farrell Fritz, earned the 2022 Achievement award for his longstanding work to strengthen CIBS and the commercial real estate industry on Long Island. 

“Peter is a true advocate of our industry and his contributions to our organization have been considerable,” CIBS President Daniel Wiener said in a written statement. “Thanks to his leadership and the leadership of so many dedicated professionals, the commercial real estate industry continues to grow despite the uncertainty of the last two years.” 

Patricia Kielawa, vice president of business banking at Hanover Bank, was honored as the Associate Member of the Year. Kielawa has been instrumental in helping to attract new members and sponsorships across several industry sectors. She currently serves on the CIBS W Committee and contributed to its growth over the past two years. 

In addition, three brokers were awarded the Rising Star award, including Juliana Chiarelli of RIPCO Real Estate, Victor Little of Cushman & Wakefield and Desmond Mullins of Industry One Realty.  

The awards event, which also doubled as a holiday party, was held at the Fox Hollow in Woodbury.