Archive for the ‘Press’ Category

Talk of the times with Marilee Barone: Lourdesmont’s Dream Vacation fundraiser

Thursday, October 27th, 2011

This week, staff writer Lisa Piccolo talks with Marilee Barone about Lourdesmont’s Dream Vacation fundraiser.

Marilee Barone

Name: Marilee Barone

Residence: Dunmore

Family: Husband Jeff; Children, Marisa, John and Caroline

Professional background: Associate with Hinerfeld Commercial Real Estate

Title: Co-chairwoman of the Lourdesmont Dream Vacation and a Lourdesmont board member

Q: Tell us about the fundraiser. How did the idea for the reception come about?

A: This event is Lourdesmont’s main annual fundraiser. Every year, we come up with a new destination for which the reception is themed. This year, our destination is Australia and the theme is “Win A Divine Dream Vacation Down Under.”

Q: What can attendees expect?

A: The evening starts with a welcome from our emcee, Brenda Bistocchi, and a cash bar. Raffle tickets are sold and appetizers and light fare are offered to the guests.

Q: Why is this reception important?

A: This reception is so important because it allows Lourdesmont to meet and express our gratitude to our supporters for their participation in our mission to assist children, youth and their families. We also want them to have a great time.

Q: How exactly will the proceeds be used?

A: Lourdesmont provides seven behavioral health services for children, youth and families, all of which are community based. That means services are delivered in homes, in schools and in neighborhoods. A continuum of community services offers treatment and supportive programs in local intermediate and high schools, in homes during traditional and nontraditional hours, in enhancing parenting skills, and in providing substance-abuse counseling. Community-based services also allow recipients to continue to take advantage of natural support systems of family and community while receiving the help they need.

Q: How many attendees do you expect?

A: We always hope to sell 500 tickets; however, you do not have to be present to win. We expect about 200 people.

Q: What kind of prizes will be given at the reception?

A: The main event prize of the trip to Australia or $10,000. There also will be raffle baskets, including dine-around baskets, jewelry, food, sporting events, etc

If you go

What: Lourdesmont’s Dream Vacation “Win A Divine Dream Vacation Down Under”

When: Wednesday at 7 p.m.

Where: Amici Restaurant, Clarks Summit

Details: Tickets are $100 each which include entrance for two to the reception, food, prizes and the chance to win the Dream Vacation. Call Sister Terri Jordan of Lourdesmont at 702-8360 or go online at: lourdesmontcontest.com.

Read more: http://thetimes-tribune.com/lifestyles-people/talk-of-the-times-with-marilee-barone-lourdesmont-s-dream-vacation-fundraiser-1.1221470#ixzz1c00YLvc4

John Cognetti speaks on Real estate Round Up September 17, 2011

Tuesday, October 18th, 2011

 

 

 

Real Estate Round Up with John Cognetti – September 17, 2011

John Cognetti speaks on Real estate Round Up September 17, 2011

Mike Detter, SIOR has has acheived the SIOR designation

Tuesday, June 7th, 2011

People on the Move - June 5th 2011

Mike Detter, SIOR has achieved the SIOR office designation awarded by the Society of Industrial and Office Realtors. Mr. Detter is now one of only two SIOR’s in Northeast Pennsylvania with the other being John Cognetti also of Hinerfeld Commercial Real Estate. Mr. Detter is an alumnus of Leadership Lackawanna class of 2007. He earned a bachelor of Science in Accounting from Penn State University.

Mike Detter’s complete bio can be found on our web site.

Raineri speaks on Commercial Real Estate at Hilton Head

Tuesday, May 10th, 2011

Ellen Raineri

Commercial Real Estate agent, Ellen M. Raineri, Ph.D., recently conducted a workshop in Hilton Head at the US Association for Small Business and Entrepreneurship (USASBE) convention. Her workshop was titled “Commercial Real Estate Analysis for Entrepreneurs.”
Because of the high failure rate of start-up companies and the significant cost entrepreneurs pay for the real estate component of their businesses, a need for commercial real estate analysis for entrepreneurs exists. First, consider the high failure rate. From a time perspective, 80-90% of new business will fail within 5 years (Benson, 1995). From a count perspective, only one in five survive (Mary, 1991).
Second, the cost of commercial real estate tends to be a high priced item. Not all start up entrepreneurs can afford to purchase a building by contributing to a hefty down payment and the associated mortgage payment. Furthermore, not all start up entrepreneurs would qualify for a mortgage.
Accordingly, many start-up entrepreneurs choose the leasing route. To examine the high costs, two examples of industrial, office, and retail property lease costs will be shared. As an example, a 3 year constant (non escalating) lease for a 50,000 sf warehouse in Philadelphia would cost $525,000 (Grubb & Ellis, 2010). One in Chicago would cost $620,000 to lease. Next, a 3 year constant (non escalating) lease for a 5,202 sf office space in Boston would cost $436,968 (NAI Hunneman, 2010).  A 6,000 sf office space in Dallas, TX would cost $252,000 (Thomson Realty Group, 2010). Last, a 3 year constant (non escalating) lease for a 10,000 sf retail space in Stamford would cost $1,110,000 (Dy-Co Mgmt. Corp, 2010).  A 10,000 sf retail space in Charlotte would cost $630,000 (Contessa Development, 2010). These figures do not include the cost of taxes, insurance, or utilities.
When examining reasons for start-up entrepreneurs’ failures, Solovic (2004) notes 10 common reasons. One of the reasons new businesses fail is that owners “do not have the right stuff.” Another reason that Solovic shares is that entrepreneurs understate costs. Commercial real estate analysis is not always a known topic to entrepreneurs and consequently, some entrepreneurs “do not have the right stuff” and may “understate costs” as related to commercial real estate properties.
Raineri helped workshop participants in the above two failure areas by equipping entrepreneurs with  analytical skills to better evaluate leases as well as industrial, office and retail properties.  Raineri’s workshop material has subsequently been shared in other states to further assist entrepreneurs with their analysis of commercial real estate.

Sources:
Benson, G. (1995, April 28). Failure is the entrepreneur’s price for success. Business Press, p. 17. Retrieved November 26, 2010 from Regional Business News database.

Contessa Development. (2010). Retrieved November 26, 2010 from http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=15527523&SRID=1273793074&StepID=101&LinkCode=20280.

Dy-Co Mgmt. Corp. (2010). Retrieved November 26, 2010 from http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=16659820&SRID=1273781226&StepID=101&LinkCode=20280.

Grubb & Ellis. (2010). Retrieved November 26, 2010 from http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=14649406&SRID=1273692258&StepID=101&LinkCode=20280.

Mary, R. (1991, April 14). Your Own Account; Nurturing the Fragile Start-Up. New York Times, p. 13. Retrieved November 26, 2010 from Academic Search Premier database.

Solovic, S. (2004). Ten common mistakes start-up businesses make. Women in Business, 56(3), 26-27. Retrieved November 26, 2010 from Business Source Complete database.

Thomson Realty Group. (2010). Retrieved November 26, 2010 from Thomson Realty Group.

ELLEN RAINERI PRAISED BY BUYERS OF $1.8 MILLION PROPERTY

Tuesday, May 10th, 2011
Ellen Raineri

Ellen Raineri Ph D

Automotive Distributing Co. recently made a $1.8 million purchase for the 81,000+-sf former Herff Jones building in the Scott Technology Park. Ellen Raineri adeptly managed the details of this complex property with out-of-state owners, out-of-state attorneys, out-of-state buyers, local attorneys, property managers, liquidators, roofers, IT technicians, and personnel within the security, insurance and HVAC areas. Working seven days a week and even being onsite right after a blizzard, Raineri successful brought this large, multifaceted transaction to a close.

Ray Bach, President of Automotive Distributing Co. noticed and appreciated the efforts of Raineri through his positive feedback: “Ellen was always there for our company through emails, phone calls, and meetings: mornings, afternoons, nights, and weekends – you name it! That lady sure knows customer service. She’s also very thorough in commercial real estate matters. She can solve ANY problem and was the key in getting everyone to close. Our deal would not have happened without her. Ellen is remarkable!”
Adding to the value of Raineri’s efforts, Lanny Ross, Owner of Automotive Distributing Co. offered his praise, too: “Ellen is a good listener. She excels in commercial real estate, and she excels in business. She’s a real leader with what do you say, chutzpah? Yeah, Ellen‘s got that with perseverance, follow through, responsiveness, and intelligence. She’s a real pro! “

Ellen Raineri, Ph.D. is a commercial realtor at Hinerfeld Commercial Real Estate. She is available to work with sellers, buyers, tenants, and investors to successfully achieve their commercial real estate goals. Ellen can be reached by cell at 570-954-1882 or office: 570-207-4100.

Raineri speaks on Commercial Real Estate at Hilton Head

Thursday, March 24th, 2011

Commercial Real Estate agent, Ellen M. Raineri, Ph.D., recently conducted a workshop in Hilton Head at the US Association for Small Business and Entrepreneurship (USASBE) convention. Her workshop was titled “Commercial Real Estate Analysis for Entrepreneurs.”

Because of the high failure rate of start-up companies and the significant cost entrepreneurs pay for the real estate component of their businesses, a need for commercial real estate analysis for entrepreneurs exists. First, consider the high failure rate. From a time perspective, 80-90% of new business will fail within 5 years (Benson, 1995). From a count perspective, only one in five survive (Mary, 1991).

Second, the cost of commercial real estate tends to be a high priced item. Not all start up entrepreneurs can afford to purchase a building by contributing to a hefty down payment and the associated mortgage payment. Furthermore, not all start up entrepreneurs would qualify for a mortgage.

Accordingly, many start-up entrepreneurs choose the leasing route. To examine the high costs, two examples of industrial, office, and retail property lease costs will be shared. As an example, a 3 year constant (non escalating) lease for a 50,000 sf warehouse in Philadelphia would cost $525,000 (Grubb & Ellis, 2010). One in Chicago would cost $620,000 to lease. Next, a 3 year constant (non escalating) lease for a 5,202 sf office space in Boston would cost $436,968 (NAI Hunneman, 2010).  A 6,000 sf office space in Dallas, TX would cost $252,000 (Thomson Realty Group, 2010). Last, a 3 year constant (non escalating) lease for a 10,000 sf retail space in Stamford would cost $1,110,000 (Dy-Co Mgmt. Corp, 2010).  A 10,000 sf retail space in Charlotte would cost $630,000 (Contessa Development, 2010). These figures do not include the cost of taxes, insurance, or utilities.

When examining reasons for start-up entrepreneurs’ failures, Solovic (2004) notes 10 common reasons. One of the reasons new businesses fail is that owners “do not have the right stuff.” Another reason that Solovic shares is that entrepreneurs understate costs. Commercial real estate analysis is not always a known topic to entrepreneurs and consequently, some entrepreneurs “do not have the right stuff” and may “understate costs” as related to commercial real estate properties.

Raineri helped workshop participants in the above two failure areas by equipping entrepreneurs with  analytical skills to better evaluate leases as well as industrial, office and retail properties.  Raineri’s workshop material has subsequently been shared in other states to further assist entrepreneurs with their analysis of commercial real estate.

View Ellen’s Bio here

Sources:
Benson, G. (1995, April 28). Failure is the entrepreneur’s price for success. Business Press, p. 17. Retrieved November 26, 2010 from Regional Business News database.
Contessa Development. (2010). Retrieved November 26, 2010 from http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=15527523&SRID=1273793074&StepID=101&LinkCode=20280.
Dy-Co Mgmt. Corp. (2010). Retrieved November 26, 2010 from
http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=16659820&SRID=1273781226&StepID=101&LinkCode=20280.
Grubb & Ellis. (2010). Retrieved November 26, 2010 from http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=14649406&SRID=1273692258&StepID=101&LinkCode=20280.
Mary, R. (1991, April 14). Your Own Account; Nurturing the Fragile Start-Up. New York Times, p. 13. Retrieved November 26, 2010 from Academic Search Premier database.
Solovic, S. (2004). Ten common mistakes start-up businesses make. Women in Business, 56(3), 26-27. Retrieved November 26, 2010 from Business Source Complete database.
Thomson Realty Group. (2010). Retrieved November 26, 2010 from Thomson Realty Group.

Mike Detter attends Scranton Plan’s Annual Summer Festival

Thursday, September 9th, 2010

MCD_golf_2010

Gathering as local busness leaders and out-of-town developers enjoy a day on the links at Glenmaura National Golf Club, Moosic, during the Scranton Plan’s annual summer festival are, from left: John Paul Mantey, Jones Lang LaSalle; Jason Webb, Jones Lang LaSalle; Art Wegfort, Studley; and Mike Detter, Hinerfeld Commercial Real Estate.

Cognetti begins second term as BSRE chair

Thursday, March 4th, 2010

John Cognetti of Scranton has been elected to serve a second term as chair of the board of directors of Business Services for Real Estate (BSRE), the for-profit subsidiary of the PA Association of REALTORS® (PAR).

John Cognetti

John T. Cognetti

BSRE was formed by PAR in 1999 primarily for the purpose of selling PAR Standard Forms. Over the past several years, BSRE has expanded to include additional product and service offerings designed to produce non-dues revenue for PAR. Recently, BSRE has expanded its business to include EasyStreet Insurance Services, a licensed brokerage offering professionals insurance coverage from well-respected companies.

The BSRE Board of Directors recently met to discuss how the board may be internally restructured and to address ways to better serve PAR members. The board also heard a report that EasyStreet Insurance Services is already managing more than $400,000 in annualized premiums, including PAR’s employee insurance plan.

“BSRE continues to explore services to provide resources REALTORS® need to do business,” said Henry Lerner, Esq., BSRE’s chief operating officer.

Other directors for 2010 include: Jules Falcone, Media; Bob Hay, Stroudsburg; Sally Heimbrook, Beaver; Frank Jacovini, Philadelphia; Ted Laskowski, Quakertown; Guy Matteo, Newtown Square; Michael McGee, West Chester; Patrice Merzanis, Lemoyne; Teresa Wygle, Meadville and Gary Yost, Wyomissing

HINERFELD COMMERCIAL REAL ESTATE AGENT APPOINTED TO PAR’S COMMERCIAL INDUSTRIAL AND INVESTMENT COMMITTEE

Tuesday, December 22nd, 2009

 Ellen M. Raineri, Ph.D., from Hinerfeld Commercial Real Estate has been appointed to the PA Association of Realtor’s (PAR) state wide “Commercial Industrial & Investment Committee” (CI&I). This group seeks to further the interest of commercial, industrial and investment properties through educational conferences, seminars, research, and clinics on the subjects of developing, selling, leasing, managing, or exchanging commercial, industrial and investment properties. Raineri attended the Fall business committee meeting in Harrisburg. Raineri recently completed her last brokers course as well as her last CCIM course so she is looking forward to interacting with others who have similar interests in various commercial and investment matters. John T. Cognetti, Broker of Hinerfeld Commercial Real Estate, is pleased with this recent appointment stating that “we are very honored our company has the privilege to have representation on such an important committee that has continuously been instrumental in effecting change in the commercial real estate industry.”

 About Hinerfeld Commercial Real Estate.

Hinerfeld Commercial Real Estate (www.hinerfeldcommercial.com) has been in operation since 1934 and specializes in industrial, retail, office, land, and investment properties. Headquartered in Scranton, PA, the company services owners, tenants, developers, and investors in Northeast PA. Individual memberships include the Industrial Real Estate Brokers Association of Metropolitan New York, the Society of Industrial and Office Realtors (SIOR), Commercial Investment Network (CCIM), Warehousing Education and Research Council (WERC), and Northeast PA Logistics Club.

St. Francis of Assisi Kitchen Honors Volunteers

Sunday, December 13th, 2009

SF top

St. Francis of Assisi Kitchen recently honored its volunteers who help prepare and serve the daily free meal to to area needy. The kitchen board of directors hosted an appreciation dinner for the volunteers and board members served the meal. The event featured a full-course menu, entertainment, gifts and prizes. From left are, seated, Gloria and John Dee, Pat Dalton, Walter and Lilliam Dever; standing, Pat and Ann Lavelle, Jon Johns, Avi Ruzi, Joan Halle, Dorthy Ruzi, Blanche Tomaselli, Jerry Johns; and Judy Cosgrove, board member.

SF center

Enjoying dinner are, from left are, seated, Suzanne Druffner, Verna Burke, Vera Hughes, Stella Darcy and Richard Calomino; standing, Dr. Jospeh Kelly, Board President; Monsignor Joseph P. Kelly, Director; and Lisa Davis, board member.

John Cognetti at St. Francis Kitchen

Also enjoying the event are, from left, seated, Mary Ann Preskin, Ellen Dorse, Rose Ann Twosend and Andy Semprat; standing, Barbara Green; John Cognetti, board member; Peggy Howley and Ed Katusak.