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.
Steve has been serving commercial and industrial clients in Eastern Pennsylvania for 18 years. As a top producing broker for many years, Steve has in depth experience in industrial/office and retail sales and leasing as well as land development sales transactions. He believes in keeping the focus of his efforts on personal client service, consultation and communication to achieve the client’s goals. ” Maximum market visibility is important for the client’s available property. This is a given. However with the complex nature of today’s real estate transactions the asset needs to be properly positioned with all facets of the real estate properly considered to present the asset to the marketplace to conclude a transaction for our client.”
Steve is a licensed Associate Broker since 1999 and earned a Bachelor of Science degree majoring in Real Estate from The Pennsylvania State University. Steve is a Lackawanna County resident and enjoys time with his wife Janice and three children.
From the St. Francis of Assisi Kitchen Spring 2010 Newsletter
“Board Member John Cognetti and Shannon Trivett of Hinerfeld Commercial Real Estate have udated our website to include much more information. Check it out: www.stfranciskitchen.org”
John Cognetti Contributes to Scout Troop 66
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Mr. Azar joined the Hinerfeld team in early 2010, and will seek to grow the firm’s institutional real estate brokerage business on both a local and regional scale. He will also focus on private equity fundraising, principal investments and consulting assignments.
Previously, Mr. Azar was an investment banker with JPMorgan in New York City for over 15 years, where he developed an extensive background and understanding of both corporate finance and commercial real estate. Over the course of his career, Mr. Azar has executed over $35 billion in real estate mergers & acquisition assignments, and has raised over $30 billion in real estate debt and equity capital.
Mr. Azar was most recently a Managing Director within JPMorgan’s Commercial Mortgage-Backed Securities (“CMBS”) group, where he headed a team of professionals who originated commercial loans from the firm’s real estate investment banking clients. During his three years heading this unit, Mr. Azar and his team successfully originated over $15 billion of fixed and floating-rate commercial loans, which were then either securitized or sold privately by the firm.
Prior to joining the CMBS group, Mr. Azar worked for nearly 12 years within JPMorgan’s Real Estate, Lodging & Gaming Investment Banking group. During this period, he covered a large number of the firm’s institutional real estate clients, and was responsible for executing the full spectrum of investment banking products including mergers & acquisitions, property sales, mortgage placements, sale-leasebacks, syndicated loans, investment grade bonds, private equity placements, etc.
Prior to joining JPMorgan, Mr. Azar worked in the commercial real estate leasing division of Milstein Properties in New York City.
Mr. Azar is a graduate of Columbia University where he earned a bachelor’s degree in Political Science, and participated in both NCAA track & field and football. He currently lives in Clarks Summit, PA with his wife Megan and their two young sons, Rodman and Adrian. Mr. Azar is also a football and track & field coach at Tunkhannock Area High School.
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 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
POWER! (Proffesionals Organized and Working to Enrich the Region) Scranton recently gathered at Pennstar Bank inside The Mall at Steamtown to celebrate the holiday season. From left are, Heather Ryder, Assistant Branch Manager, Melissa Rosiecki, Business Banking Officer, and Jessica Warholic, Retail Branh Managment Trainee, all to Pennstar Bank
More then 60 POWER! members gathered at the event where monetary and toy donations were collected. The Marines were present to accept the donations from POWER! members. From left are, Cpl. Jose L. Pepin, Daniel and Michele LaMagna and Cpl. Joshua Anderson.
Networking at the event from left are, Jonathan Kalasinski, Assistant Manage, Sandone Tire Car Care Centers; Julie Ropoach, corporate sales, Woodlands Inn & Resort; and Michael Detter, Senior Associate, Hinerfeld Commercial Real Estate.
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.
Mike Detter has completed all requirements for and has been licensed as an associate broker with the firm, including completing 240 hours of education, passing of a comprehensive examination, and experience based on transaction activity. Associate brokers also are allowed to manage branch offices and properties and engage in real estate consulting. He has been with the company for five years, after moving to the area in 2004, and received a Bachelor of Science in accounting from Penn State University. A Leadership Lackawanna alumnus of 2006-07, he was selected as one of the Top 20 under 40 business professionals in Northeast Pennsylvania for 2007 and specializes in the sale and leasing of offices.
