Happy Holidays from Patterson-Woods

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CORFAC International is pleased to announce that Alan Joel, CCIM, Principal of Joel and Granot Real Estate/CORFAC International in Atlanta, GA, will begin his term as 2020 President of the organization on January 1. CORFAC extends its appreciation to 2019 President Sim Doughtie, CCIM, MCR, SIOR, SLCR, President of King Industrial Realty Inc./CORFAC International in Atlanta, GA, and the entire leadership team, for their dedication throughout the past year.
 
"We celebrated our 30th anniversary in 2019 and by all accounts it was an exceptional year of growth for CORFAC International,” Doughtie said. “It has been my privilege to lead the organization during this time of progress. I’d like to thank all the officers, executive committee members and volunteers for your time and outstanding contributions over the past year.” 

Incoming President Alan Joel brings many years of commercial real estate expertise and extensive leadership experience to the organization. “We will continue to focus on creating new business development and referral opportunities in the network through technology and old-fashioned real estate fundamentals,” Joel said. “We’re also looking forward to holding our second international conference in Mexico this spring. We are a global real estate referral organization so having our conferences around the world just makes sense. We are also excited about the work from our Technology Committee with a new CORFAC app that we plan to roll out this year.”

Joel has several industry awards to his credit, but says, “You’re only as good as your next assignment and that’s leading CORFAC to be the best independent international commercial real estate network in the world.”  Joel had a pivotal role in developing the highly successful #thinkCORFACfirst business development initiative this year.  

"I’d like to thank Sim Doughtie for leading CORFAC through our 30th year as a network. His dedication and service are greatly appreciated," Joel said. “Looking forward, I’m blessed to have one of the top executive teams in place with the same goals for our organization’s future growth. Our past is not our destiny but the future is.”
 
CORFAC's 2020 Executive Committee includes:

•   President Alan Joel, CCIM, Joel & Granot Real Estate/CORFAC International (Atlanta, GA)
•   Vice President Joe Latina, Patterson-Woods Commercial Properties/CORFAC International (Wilmington, DE)
•   Treasurer Mason Capitani, SIOR, L. Mason Capitani/CORFAC International (Detroit, MI)
•   Secretary Hayim Mizrachi, CCIM, MDL Group/CORFAC International (Las Vegas, NV)
•   Past President Sim Doughtie, CCIM, MCR, SIOR, SLCR, King Industrial/CORFAC International (Atlanta, GA)
•   At-Large Member Alistair Subba Row, Farebrother/CORFAC International (London, England)
•   At-Large Member Phill Tomlinson, Commercial Properties, Inc./CORFAC International (Scottsdale, AZ) 
•   At-Large Member Sandy Shindleman, CCIM, CIPS, FRICS, SIOR,  Shindico/CORFAC International (Winnipeg, MB, Canada)
•   At-Large Member Jeff Crane, SIOR, The Andover Company, Inc./CORFAC International (Seattle, WA)

Congratulations to all 2020 CORFAC officers and Executive Committee members. Thanks to all 2019 leadership team members for their dedication and service to CORFAC. 

Joe Latina and Mary Ann Heesters represented both the seller and the buyer in the sale and purchase of The Perfect Cup Café in Hockessin, Delaware. The establishment has been in business for over 20 years and is a local favorite. It was sold to a former employee, Gleidson Alencar. It reopened for business on December 21.

Click to View The Perfect Cup Website

See Patterson-Woods Principal Greg Ellis, CCIM, discuss Opportunity Zone Investment Trends in this informative video that is a part of the 2019 Thought Leadership Series presented by CORFAC International.

This rarely available turn-key school/daycare campus is for lease for $9/SF NNN. The property sits across the street from Christiana Mall & Fashion Center and is situated near I-95. There are 20 classrooms, a library, commercial kitchen, all-purpose room, art room, and administrative offices. Athletic fields are available and there is a possibility for expansion. Click to View Complete Listing Details

Click to View the Full Article on Delawareonline.com

All items are due by November 13th.

View our September-October 2019 Newsletter by clicking here.

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CORFAC is pleased to welcome EDMUND TIE/CORFAC International to the global network. Headquartered in Southeast Asia’s gateway city of Singapore, EDMUND TIE also has offices in Kuala Lumpur, Malaysia (NAWAWI TIE), and Bangkok, Thailand. CORFAC International has added 10 new offices to the network in 2019.

Founded nearly 25 years ago in 1995 and supported by some 400 skilled professionals across the region, EDMUND TIE is a full-range property consulting service that offers both agency and professional services including investment advisory, business space and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management and hospitality management.

“We are delighted to be part of this network of independent brokerage firms,” said the group’s chief executive officer, Ms. Ong Choon Fah. “Independent, homegrown firms enjoy exceptional insight and experience which allows us to dive deep into our respective markets with an in-depth appreciation of local norms and regulations. More often than not, knowing how business is done in a particular country could be a key success factor.” 

“When assembled into a global alliance, this network of independent brokerages, under CORFAC’s ambit, can collectively offer unrivaled bespoke services for our clients as an alternative to the quantity- and metric-driven approach of the multinationals,” she added.

CORFAC’s structure of being “globally connected” to offices around the world while remaining an independent firm is what appealed to EDMUND TIE as they contemplated their alliance options. All CORFAC members keep their company name and are not restricted or limited in the type of transactions they are allowed to conduct.

 “CORFAC International is thrilled to welcome EDMUND TIE to our growing global network. The company brings many years of experience serving their clients across Asia; we look forward to their expertise as we continue to expand CORFAC throughout the region,” said 2019 CORFAC International President Sim Doughtie, CCIM, MCR, SLCR, SIOR, of King Industrial/CORFAC International in Atlanta, GA.

Ong Choon Fah, Chief Executive Officer, will be the main CORFAC contact in the Singapore office. Eddy Wong, Managing Director, is the key CORFAC contact in the Malaysia office, while Punnee Sritanyalucksana, Chief Operating Officer, is the main CORFAC contact in the Thailand office. You can reach out to them via e-mail at choonfah.ong@etcsea.com, eddy.wong@ntl.my and punnee.s@etcthailand.co.th. 

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CORFAC is pleased to announce Century Realty LLC/CORFAC International, with offices in Pittsburgh, Pennsylvania, and Wheeling, West Virginia, is the newest U.S. affiliate to join the growing global network. Century Realty is the third U.S.-based firm to join CORFAC this year. The network has also added six new international offices in 2019. 

“CORFAC International is happy to welcome new affiliate Century Realty in the Pittsburgh/Tri-State region to the CORFAC family. Century has an impressive and diverse range of commercial real estate expertise,” said 2019 CORFAC International President Sim Doughtie, CCIM, MCR, SIOR, SLCR, of King Industrial/CORFAC International in Atlanta, Georgia.

Century Realty/CORFAC International has substantial experience in the industrial, retail, office, multifamily and investment sales sectors. The firm’s market coverage includes western Pennsylvania, northern West Virginia, and eastern Ohio. 

“Century Realty is excited to begin its affiliation with CORFAC International. The Pittsburgh region is active among all commercial real estate sectors and should make an excellent contribution to CORFAC for both inbound and outbound business. Our affiliation with CORFAC will help us serve our clients with in-depth market knowledge on a national and international basis,” said John Aderholt, Owner/Broker of Century Realty. “Our time with CORFAC professionals at the conference in the Philadelphia was extremely rewarding. We were impressed with the caliber of commercial real estate professionals and looking forward to building productive relationships and genuine friendships for many years to come.”

John Aderholt established Century Realty in 2012 after having joined Century Equities, Inc., in 2008. Century Equities, Inc., was founded in 1984 by Danny Aderholt, primarily to sponsor income-oriented, net lease real estate investment syndications. Over time, Century Equities diversified into other aspects of commercial real estate, including development, hospitality, finance and historic rehabilitations. By the 2000s, Century Equities built a diverse 15-state portfolio of retail, industrial and office net lease properties. Century Realty was launched to serve as a third-party brokerage affiliate to Century Equities, which is now The Century Group.

After more than 12 years with CBRE's Baltimore Industrial team, Adam Weidner joined Century Realty in 2013 to oversee its industrial portfolio and to expand third-party brokerage. In 2014, Jessica Jarosz, with over 10 years of experience with multiple national firms, was hired to launch Century Realty’s downtown Pittsburgh office. 

Century Realty currently consists of six licensed real estate professionals, including recent addition Charlie Krushansky, an investment sales and multifamily specialist with over 17 years of experience with national financial and real estate brokerage firms. 

Please reach out and welcome Century Realty’s primary CORFAC contact John Aderholt at (412) 235-7233 or jdaderholt@century-realty.com. Learn more about Century Realty, LLC, at www.century-realty.com.

About Century Realty, LLC

Founded in 2012, Century Realty specializes in advising clients in office, retail, land, industrial, multifamily and hospitality opportunities. Century’s diverse background in acquisitions, dispositions and development provides its clients with the tools necessary to navigate commercial real estate transactions with confidence and surety. Century Realty is an affiliate of The Century Group, founded in 1984. The Century Group consists of Century Realty (brokerage), Century Equities (investment syndications and development) and Century Hospitality (hospitality management) and has a property portfolio spanning 15 states.