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CBRE promoted William Forcello to senior managing director and New Jersey Market leader. Before the February update, Forcello served in the latter capacity on an interim basis.

The Fortune 500 commercial real estate services and investment firm highlighted his extensive knowledge of CBRE’s Advisory business in its announcement. In the new role, Forcello will focus on implementing strategic plans to expand the company’s regional presence, increase revenue and drive profitability.

“Will was promoted due to his strong leadership and commitment to supporting the growth and development of our business and our talented people across New Jersey,” said Senior Managing Director Robert Caruso.

The company previously elevated the longtime executive to market leader for its Central Jersey operations in 2022. CBRE highlighted Forcello’s unique professional story, incorporating exposure to many of the firm’s key business segments – and providing him with a deep understanding of the company, business and industry.

In 2018, Forcello established the CBRE NJ Rising Professionals Community to serve as a networking group for junior talent within New Jersey’s commercial real estate industry. In 2019, he was recognized as CBRE’s Sales Management Professional of the Year, and in 2022, NJBIZ named him one a Next Generation Leader.

Forcello is associated with CBRE’s Saddle Brook office.

NAI Dileo-Bram & Co.

Christopher Chiusolo joined Woodbridge-based Nai DiLeo-Bram & Co. as vice president, bringing extensive real estate transaction expertise to the role.

According to the full service commercial real estate firm, the new hire will focus on sales and leasing of industrial properties. Most recently, he served as a director at The Blau & Berg Co., which specializes in distribution, supply chain management and transportation. In that role, NAIDB said Chiusolo orchestrated and structured transactions on behalf of owners, investors and end-users.

“We are delighted for Chris to join our team,” said NAIDB Chief Operating Officer David Simon. “Chris’ experience, enthusiasm and proven track record will expand our ability to deliver exceptional service to our clients.”

Chiusolo marks the third new hire in the past several months at NAIDB, as the firm continues to bolster its presence in North and Central Jersey. The newest hire said he was excited to join NAIDB. “In addition, I am also looking forward to leveraging the resources available through the NAI Global platform and broaden my business geographically,” he added.

NAIDB is a member of NAI Global, a leading global commercial real estate advisor with more than 325 offices and 5,800 professionals.

Saxum

National real estate investment and development firm Saxum Real Estate promoted Frank Caputo to project executive within its Development/Construction vertical.

Since joining the Summit-based firm in 2021, Caputo has completed multiple projects. Currently he oversees four under-construction cold storage warehouses and is spearheading project management for two large industrial master developments (in Texas and Florida) totaling more than 4 million square feet combined with over $500 million in market capitalization, according to Saxum.

He brings more than a quarter-century of experience in both residential and commercial construction to the role. Additionally, Saxum said Caputo has been instrumental in steering its design and construction teams from groundbreaking through delivery.

“Frank leads by example with strong dedication to his work and a calm, positive attitude,” commented Saxum Principal of Development/Construction.  “He consistently goes above and beyond to support the team and brings innovative ideas to improve on our best practices, enabling us to continue to excel on all our future projects.”

Hudson Atlantic

Leading real estate brokerage and advisory firm Hudson Atlantic promoted Nick Favorito to vice president of multifamily sales.

He joined the team in 2021 as a sales associate, quickly carving out a place for himself at the firm, which specializes in multifamily investment.

“Nick has been an instrumental part of our growth and success since he joined the team, when Hudson Atlantic opened” said Hudson Atlantic President Adam Zweibel. “His deep understanding of the multifamily market, coupled with his ability to build strong client relationships, has been critical to our ability to deliver exceptional results. We’re excited to see Nick take on this new leadership role as we continue to expand our multifamily sales platform.”

Earlier this year, it was revealed Zweibel acquired ownership interests in Hudson Atlantic previously held by former partners Jeffrey Otteau and Christopher Otteau. The company has experienced sales activity approaching $200 million in successful transactions since the ownership transition in July 2024. Additionally, it relocated and expanded to a state-of-the-art headquarters in Parsippany, while also expanding its sales team to six investment sales agents.

Over the past three-and-a-half years, Favorito closed more than $60 million in sales, according to Hudson Atlantic. In the new role, he oversees a growing portfolio of client engagements, will continue to lead property evaluations and marketing strategies, and mentor other sales associates.

Calling the opportunity an honor, Favortio added, “The multifamily market in New Jersey and the surrounding areas is full of opportunity, and I look forward to continuing to provide value to both owners and future investors on future multifamily transactions.”

Woodmont

As part of its strategic growth initiative, Woodmont Properties appointed Jon Moore co-chief investment officer and principal of Woodmont Value-Add Partners. The newly formed division focuses on the acquisition of existing value-add multifamily rental properties.

In the new role, Moore will work alongside the executive team and co-CIO David Trager, who will retire this year. He brings more than 30 years’ experience in real estate finance to the position. Woodmont said Moore will be integral to its investment strategy, capital raising, acquisitions and investor relations.

Serving on the executive and investment committees, he will also help shape the Fairfield-based company’s strategic vision, driving long-term growth and innovation.

Before Woodmont, Moore served as president of Urby, the joint venture between Brookfield and Urby Management. There, he helped lead the company’s growth from three Northeast assets to a nationally recognized platform with a diverse geographic and capital base.

His work experience also includes more than a decade as CIO for Brookfield Properties’ multifamily group and mixed-used development business where he oversaw more than $40 billion in transactions, Woodmont said.

A leading owner, developer and manager of multifamily and industrial properties across five states, Woodmont says its development pipeline includes over 3,000 rental residences, 800 senior living residences and 5 million square feet of industrial space.

Newmark

Global commercial real estate leader Newmark Group Inc. appointed Sean Moynihan as its inaugural Tri-State Region Market leader.

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The elevation marks a return to the area for Moynihan, who served as Southeast Market Leader for Newmark in its Atlanta office for the past six years. He will work out of Newmark’s New York headquarters.

During his tenure in Atlanta, he spearheaded a regional expansion that resulted in revenue growth, profitability, top-tier talent recruitment and retention, strategic partnerships and business development initiatives, according to Newmark.

“I’m pleased to welcome Sean back to his native New York roots as Tri-State Market Leader,” commented Chief Revenue Officer Lou Alvarado. “Sean has been instrumental in growing our operations in the Southeast U.S. since joining 2019, and we expect his influence to be significant on our Tri-State business.”

Moynihan called the change an honor. “This region represents a proud legacy of success, exceptional talent and unmatched energy,” he said. “My focus is on building upon that foundation, all the while upholding Newmark’s position in the market as a benchmark for excellence and innovation.”

Gottesman

Gottesman Real Estate Partners recently hired Zachary Levine as vice president

According to the announcement from CEO Andy Gottesman, Levine will help provide oversight for the Chatham-based, family-owned and operated real estate company’s portfolio comprising 14 commercial properties across New Jersey, New York, Connecticut and North Carolina.

He directly supports Gottesman in all aspects of asset management, including underwriting new acquisition opportunities and financing of existing assets; involvement with capital markets, development, leasing, project management, capital improvements, budgeting and tenant relations; as well as long-term strategy ideation and portfolio diversification.

Welcoming him to the team, Gottesman said, “Zach’s broad and extensive background in asset management, finance, and development helps to fortify us for the next stage of our growth and asset diversification.”

A former senior associate at Brookfield Asset Management and Morgan Stanley, Levin has underwritten approximately $45 billion in commercial property loans across all property types and geographic markets, the firm said.

Gottesman Real Estate Partners is an affiliate of Edison Investment Advisors, a family office established in 1998 by Levin’s grandfather, Harold Gottesman, who co-founded of Edison ParkFast and Manhattan Mini-Storage.

Camber

Camber Real Estate Partners expanded its in-house acquisitions team with two new team members.

Kevin Interlicchio joins as the private real estate investment firm’s new director of acquisitions while Connor Lipka has been named acquisition analyst.

In his new role, Interlicchio is responsible for shaping the firm’s acquisition strategy and sourcing new investment opportunities. He boasts a background in industrial real estate as well as handling transactions valued at more than $5.5 billion, according to the Montclair-based firm.

Before Camber, Interlicchio served as a vice president at PGIM Real Estate. There, he played an instrumental role in executing industrial transactions totaling over 42.7 million square feet, Camber said.

Lipka, meanwhile, will spearhead the research and analysis of industrial property trends in addition to projections across markets spanning the eastern seaboard where Camber plans to expand its portfolio holdings.