ERROR: Macro njDefaultArticleHeader is missing!

Seeing double on the Power 50 Real Estate list

By

Back to Top Comments Email Print

Latest News

Nemours opens pediatric facility in Cherry Hill

By Vince Calio
June 19, 2018 02:22 PM

Nemours Children’s Health System is replacing its facility in Voorhees with a 10,000-square-foot facility in Cherry Hill under the name Nemours DuPont Pediatrics. CONTINUE READING

Princeton multifamily completes rooftop solar system

By Elana Knopp
June 19, 2018 07:22 AM

AvalonBay multifamily real estate investment trust announced Monday that Avalon Princeton in Princeton is the first community in its New Jersey portfolio to complete a rooftop photovoltaic installation and to achieve LEED for Homes Gold certification. CONTINUE READING

advertisement

Denholtz completes leases at Bernardsville office property

By Elana Knopp
June 19, 2018 11:58 AM

Denholtz Associates has leased out six office spaces totaling 16,814 square feet at the firm’s newly renovated Class A office building in Bernardsville. CONTINUE READING

Stro acquires Lodi retail property

By Elana Knopp
June 19, 2018 07:27 AM

The Stro Cos. has acquired a 26,500-square-foot retail building in Lodi. CONTINUE READING

Report: Homes sold quickly in May

By Elana Knopp
June 18, 2018 08:03 AM

CONTINUE READING

Cushman & Wakefield tapped as leasing agent for Logan industrial

By Elana Knopp
June 18, 2018 07:53 AM

F. Greek Development and partner Advance Realty have named Cushman & Wakefield leasing agent for the newly rebranded Logan North Industrial Park in Logan Township. CONTINUE READING

Clarus Maplewood named best mixed-use

By Elana Knopp
June 18, 2018 12:54 PM

Clarus Maplewood has been named the best mixed-use community of 2018 by the Metropolitan Builders & Contractors Association of New Jersey, one of four awards earned by the rental project. CONTINUE READING

advertisement

It was one of those moments as a journalist when I actually gasped, and it was because we had hit pay dirt on our Power 50 Real Estate list.

First some background. When we create these power lists, Managing Editor Joe St. Arney and I use a few approaches. The first year we do a power list, it's a place setter, incorporating perennial powerhouses in that industry. For subsequent years, it becomes, "What have you done lately, Mr. 42 (or whatever number)?" which accounts for the high turnover—often in the 50 percent range—that we usually have on these lists. We evaluate the person's performance since the last list published while also looking at how that person might be powerful—or not—over the next few months. The list is also based on a point of time, because at some point Joe and I have to commit to a final ranking for everyone. So past, present, future all get mish-mashed into these power lists.

Click here to read the 2012 Power 50 Real Estate list.

Joe and I also identify big issues in the industry (American Dream, Atlantic City, real estate company mergers, the quest to retain life sciences companies, incentives, etc.). This year that process was especially thorny because the list was set to print immediately before Election Day. The higher ed bond referendum would have a big impact on real estate if it passed, but we wouldn't know the vote before publication (and couldn't risk assuming the ballot question would pass based on polls). We fudged it a bit, putting a couple people on the list because of the referendum and noting it was printed before Election Day. Then Sandy struck, pushing back publication by a week, and then ultimately delaying publication several weeks to Dec. 3 because other supplements were already scheduled. We cleaned up the Election Day references but otherwise, this list was compiled and ranked before the higher ed referendum passed, and before the devastation of Sandy, which has even bigger real estate impacts.

But back to the gasp. One issue we also looked at was where Amazon would bring its two distribution centers. We had heard towns and developers were clamoring for the warehouses. Even Bob Torricelli was in the mix, representing one of the developer suitors. But it was stubbornly difficult to identify the person who would play the key role in making the decision for Amazon—the person that New Jerseyans were reportedly jetting cross country to court.

Eventually, we got a name but no company: Jon Hanson of Seattle. But was it Jon or John, Hanson or Hansen? A quick Google search revealed two Jon Hansons working in real estate in Seattle: John Hansen of The CAC Group and John Hanson of Commercial Real Estate Solutions. After some sleuthing with sources in Seattle and Jersey, we verified that John Hanson with the Cushman & Wakefield affiliate CRES was the one handling Amazon warehouses in New Jersey.

Having two people with the same name on an NJBIZ power list is the kind of thing that makes me excited, and even elicits a gasp. We briefly considered giving the Hansons the Zangari/Zaro treatment of combining them at the same rank, but we quickly decided there's no way the Seattle Hanson could be on par with the Morristown Hanson, who has been described as "a combination of Warren Buffett and Obi-Wan Kenobi," along with comparisons to Henry Kissinger and Wayne Gretsky—and that's just what has been said for our power lists. The one question we could not answer: do these two Hansons know each other?

So from Adam to Zygi—with a few Hansons in the middle—I hope you enjoy this year's Power 50 Real Estate list. Send your feedback to me at sharonw@njbiz.com or (732) 246-5702.

Share This Story On:

Seeing double on the Power 50 Real Estate list

By

Back to Top Comments Email Print

Latest News

advertisement

It was one of those moments as a journalist when I actually gasped, and it was because we had hit pay dirt on our Power 50 Real Estate list.

First some background. When we create these power lists, Managing Editor Joe St. Arney and I use a few approaches. The first year we do a power list, it's a place setter, incorporating perennial powerhouses in that industry. For subsequent years, it becomes, "What have you done lately, Mr. 42 (or whatever number)?" which accounts for the high turnover—often in the 50 percent range—that we usually have on these lists. We evaluate the person's performance since the last list published while also looking at how that person might be powerful—or not—over the next few months. The list is also based on a point of time, because at some point Joe and I have to commit to a final ranking for everyone. So past, present, future all get mish-mashed into these power lists.

Click here to read the 2012 Power 50 Real Estate list.

Joe and I also identify big issues in the industry (American Dream, Atlantic City, real estate company mergers, the quest to retain life sciences companies, incentives, etc.). This year that process was especially thorny because the list was set to print immediately before Election Day. The higher ed bond referendum would have a big impact on real estate if it passed, but we wouldn't know the vote before publication (and couldn't risk assuming the ballot question would pass based on polls). We fudged it a bit, putting a couple people on the list because of the referendum and noting it was printed before Election Day. Then Sandy struck, pushing back publication by a week, and then ultimately delaying publication several weeks to Dec. 3 because other supplements were already scheduled. We cleaned up the Election Day references but otherwise, this list was compiled and ranked before the higher ed referendum passed, and before the devastation of Sandy, which has even bigger real estate impacts.

But back to the gasp. One issue we also looked at was where Amazon would bring its two distribution centers. We had heard towns and developers were clamoring for the warehouses. Even Bob Torricelli was in the mix, representing one of the developer suitors. But it was stubbornly difficult to identify the person who would play the key role in making the decision for Amazon—the person that New Jerseyans were reportedly jetting cross country to court.

Eventually, we got a name but no company: Jon Hanson of Seattle. But was it Jon or John, Hanson or Hansen? A quick Google search revealed two Jon Hansons working in real estate in Seattle: John Hansen of The CAC Group and John Hanson of Commercial Real Estate Solutions. After some sleuthing with sources in Seattle and Jersey, we verified that John Hanson with the Cushman & Wakefield affiliate CRES was the one handling Amazon warehouses in New Jersey.

Having two people with the same name on an NJBIZ power list is the kind of thing that makes me excited, and even elicits a gasp. We briefly considered giving the Hansons the Zangari/Zaro treatment of combining them at the same rank, but we quickly decided there's no way the Seattle Hanson could be on par with the Morristown Hanson, who has been described as "a combination of Warren Buffett and Obi-Wan Kenobi," along with comparisons to Henry Kissinger and Wayne Gretsky—and that's just what has been said for our power lists. The one question we could not answer: do these two Hansons know each other?

So from Adam to Zygi—with a few Hansons in the middle—I hope you enjoy this year's Power 50 Real Estate list. Send your feedback to me at sharonw@njbiz.com or (732) 246-5702.

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top