Company Newsletter: March / April 2020

Click to View our March – April 2020 Company Newsletter

Congratulations to Patterson-Woods Principal, Greg Ellis, CCIM, on being elected First Vice President of The Committee of 100 for the 2020-2022 term! Greg has been a board member on the Committee since 2010. The Committee of 100, a business organization that promotes responsible economic development and addresses issues that affect Delaware's economic health, elected their 2020 board members on April 27th. The organization has been a staple in the business community for over 50 years. For more information, please visit www.committeeof100.com

Pllease join Patterson-Woods Principal, Greg Ellis, CCIM, on April 29th at 3 PM for an installment of Wilmington’s weekly COVID-19 Small Business Webinar Series. Greg will be discussing rent relief due to revenue decreases during this time.

Rent Relief Due to Revenue Decreases
Date: Wednesday, April 29th, 2020
Time: 3 PM Eastern
Login: https://zoom.us/j/333930183
Meeting ID: 333 930 183

Click to View our Recent Deals – March 2020

CORFAC is pleased to announce Intelica CRE/CORFAC International, in the St. Louis suburb of Creve Coeur, Missouri, is the newest U.S. affiliate to join our growing global network. Intelica CRE is the second domestic firm to join CORFAC this year, building on 2019's record-setting growth of seven new firms. 
 

"CORFAC International is pleased to announce that a top-notch new affiliate in the metropolitan St. Louis market has joined the network," said CORFAC President Alan Joel, CCIM, of Joel and Granot Real Estate/CORFAC International in Atlanta, GA. "Having one of the best full-service commercial real estate firms join us in this major hub in the central U.S. is great for all of CORFAC members' clients. Intelica is the leading independent commercial real estate firm in the St. Louis market and rivals the national brokerages. We are excited to have them on our team to provide the services our clients expect from our organization."

 

Intelica CRE, which has 11 full-time brokers, serves the greater St. Louis market area and specializes in office and industrial brokerage and investment sales. 

 

	Dan Dokovic, SIOR

Established in 2010 by Dan Dokovic, Gary Parker, and Dan Merlo, Intelica's brokers have more than 55 years of combined brokerage and investment experience and have an unmatched level of local market expertise. 
 

"We are delighted to be part of the CORFAC family. In turbulent times such as this, having a foundation of solid companies to collaborate and build a relationship with helps propel independent brokerage firms like ours to not only survive challenging times but also to thrive. We look forward continuing to build on the CORFAC network's dedication and service quality," said Intelica's Managing Principal Dan Dokovic, SIOR. 

PW Principal Joe Latina weighs in on the effects of COVID-19 in the commercial real estate industry in this informative Delaware Business Times Article – Click to View.

Patterson-Woods Commercial Properties/CORFAC International is pleased to announce that prinipals Tony Bariglio and Rich Dudek are named as Top Leasing Brokers in the Mid Atlantic Real Estate Journal's "Best of 2019" publication.

The brokers were chosen based on the total square feet they individually leased in 2019. Their recognition can be seen on page 68 of the issue, or by clicking here.

Additionally, Patterson-Woods was recognized on page 77 for their success with special use deals in 2019.

Click here to view the full issue.

Please click here for a complete list of restaurants offering take-out or delivery in Delaware.

Patterson-Woods Travels to Mexico | A Rundown of Our Week in Mexico City and Playa del Carmen

Patterson-Woods Principals, Greg Ellis, CCIM, and Joseph Latina, traveled to Mexico March 1-8 for a CORFAC International office and industrial tour of Mexico City and for the annual CORFAC Spring Conference located in Playa del Carmen.

The Mexico City tours were hosted by fellow CORFAC member firm, Citius Commercial, a full service firm with locations in Mexico City, Chihuahua, and San Pedro. The industrial tours included Amazon, Mercado Libre, and Puma warehouse located in the Cuautitlán Izcalli area of Mexico City, including CPA San Martin Obispo, one of the most in-demand and advanced infrastructure locations in Mexico City. The office tours took place in two of Mexico City's most prestigious office corridors and including buildings such as Torre Reforma, the second tallest skyscraper in Mexico City (808 ft. high); Torre Mayor, the building with the most seismic tolerance in the world (738 ft. high, fourth hightest building in the country); the MetLife building; the Mexican Stock Market building, Ernst & Young offices, P&G offices, Toshiba offices, and Nike offices.

"My main takeaway from the tours and information we gathered is we're at a tipping point for Mexico to become the predominant location choice for companies manufacturing goods destined for the North and South American markets," commented Ellis. "And our Mexico member firm, Citius Commercial, has the knowledge and market connections to provide exceptional service to any company looking to learn more and potentially locate there."

Following the tours in Mexico City, Ellis and Latina traveled to Playa del Carmen for CORFAC International's annual Spring conference. The four-day event included educational sessions focusing on the global real estate market, deal-making sessions, and networking opportunities with other member firms. Notable speakers included:

• David O'Donnell, President and CEO of O'Donnell, a company who has developed and acquired approximately 11.3 million sq. ft. of industrial properties in 9 markets throughout Mexico, investing $750 million in joint ventures with Prudential and AIG.
• Kenneth Smith, Partner of AGON Consulting, Mexico's Former Chief Negotiator for the modernization of the North American Free Trade Agreement (NAFTA) that led to the signing of the USMCA.
• Christian Carlsen, IKANO Industry, responsible for the international expansion of IKANO Industry, a division of the IKANO Group, which exclusively supplies mattresses and upholstered furniture for the IKEA retail network.
• Constancio Villareal, CEO of Matroalianza Real Estate Group

​In addition to the education sessions, CORFAC held its Officer Induction ceremony, where Latina was officially inducted as Vice President of CORFAC for 2020. He will become President in 2021.

CORFAC conferences take place twice and year and rotate locations around the United States and the world. There are currently 50 member firms in the United States, 5 in Canada, and 22 in international markets, including Australia, Colombia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, United Arab Emirates and the United Kingdom. The next CORFAC conference will take place in Seattle, Washington in September 2020. For more information on CORFAC, please visit www.corfac.com​

Images Courtesy of Greg Ellis, Joe Latina, & CORFAC International

via CORFAC.com

CORFAC is pleased to announceDarwin Realty/CORFAC International,in the western Chicago suburb of Elmhurst, IL, is the newest U.S. affiliate to join our growing global network. Darwin Realty is the first U.S.-based firm to join CORFAC this year, building on 2019’s record-setting growth of seven new firms.  

 

“CORFAC International is thrilled to have a new affiliate in the Chicago suburban market that has such depth of industrial real estate expertise, a proven track record of success in the market and very highly respected brokers in the industry,” said 2020 CORFAC International President Alan Joel, CCIM, of Joel and Granot Real Estate/CORFAC International in Atlanta, GA. 

 

“Darwin fits into our need for a strong industrial group in Chicago, complementing our existing CORFAC member ProTen Realty Group on the office side. We are now looking at a couple of strong retail/Investment sales groups in Chicago to help round out that mega-market,” Joel added.  

 

Darwin Realty, which serves the Northeast Illinois, Southern Wisconsin and Northwest Indiana markets, specializes in industrial and office brokerage, investment sales, asset/property management and development. 

 

Established in 1975 by George Cibula and Irv Lewandowski, Darwin Realty’s brokers have spent the past four decades cultivating many long-term relationships with the area’s top business leaders and possess a great deal of in-depth local market expertise. 

 

“As an established leader for industrial real estate services in the Midwest, Darwin Realty is thrilled to become part of the CORFAC global network,” saidNoel Liston, Principal of Darwin Realty/CORFAC International. “Serving our clients in the Chicagoland area for 45 the past years, Darwin looks forward to adding global supply chain capabilities through our CORFAC network in the increasingly connected global industrial market.” 

 

Please welcome the Darwin Realty team to the network by contacting Noel Liston, principal, at (630) 782-9520 ornliston@darwinrealty.com.