In The News

News stories about our projects, our people and our progress.

Power 50

Presenting the 2022 NJBIZ Commercial Real Estate Power 50

NOVEMBER 28, 2022. NEW JERSEY - As managing partner of Greek Development, David Greek is responsible for new development and acquisition opportunities, as well as expanding the 80-year-old vertically integrated real estate firm’s core business of industrial development and building its ever-growing services. To keep up with the increasing demand for warehouse and logistics space across New Jersey and Pennsylvania, the firm is continuing to keep pace by bringing on new hires and adding more office space for its workforce. 

NJ Port

U.S. Port Markets See Outsized Industrial Rent Growth, Dwindling Availability

NOVEMBER 3, 2022. NEW JERSEY - An extraordinary amount of new supply—more than 700 million sq. ft. under construction and 650 million sq. ft in the pipeline—held down industrial rent growth nationally over the last year. But it’s a different story in supply-constrained port markets, especially Southern California and New Jersey, where rent growth is more than double the national average, according to David Greek, managing partner at New Jersey-based Greek Development.


NJBIZ unveils 2022 Leaders in Real Estate, Construction and Design honorees

OCTOBER 21, 2022. NEW JERSEY Now in its second year, the NJBIZ Leaders in Real Estate, Construction and Design Awards celebrate individuals and companies changing New Jersey’s commercial real estate landscape through development, design, construction, project management and more. 

Nominations for individuals and organizations were submitted through an open process and then evaluated by an independent panel of judges to determine the 2022 honorees. 


The Boom Times in Industrial Real Estate Are Far From Over

SEPTEMBER 12, 2022. EAST BRUNSWICK, NJ - Industrial real estate has been the standout sector in real estate for close to a decade. The pandemic only further entrenched its position. While other sectors of the economy ground to a virtual halt, consumers’ accelerated shift toward e-commerce made industrial one of the few assets to benefit from lockdowns and social distancing.

900 Wheeler

Provident Bank Lends $32M on Pennsylvania Warehouse Development

AUGUST 30, 2022. LANGHORNE, PA - “The plans for 900 Wheeler Way have been years in the making, and the demolition and subsequent construction on the site will be an exciting milestone,” David Greek, managing partner of Greek Development, said in a statement. “We’re eager to deliver this project in a historically supply-constrained area and to create a warehousing destination for blue-chip e-commerce, logistics and distribution companies that will bring jobs and tax revenue to the local community.”


Wells Fargo Lends $227M on New Jersey Industrial Projects

JULY 27, 2022. EAST BRUNSWICK, NJ -  “We are excited to close these loans, thanks to our longstanding relationship with Advance, even in this volatile capital markets environment — validating the strength of sponsorship and the properties we are developing,” said David Greek.

Greek HQ

Greek Unveils New Corporate HQ, Addition of 17 Employees in 2022

JULY 7, 2022. EAST BRUNSWICK, NJ - “We know that a major factor in successfully broadening Greek Development’s reach and influence is our ability to hire and retain the industry’s best talent,” David Greek, managing partner of Greek Development, stated. “We take pride in our ability to form positions around the professionals we meet and connect with, rather than trying to fit them into a particular role — and our incredible success during the first half of 2022 is a testament to this approach."


Scranton Products® Helps with New Headquarters Design

To accommodate the needs of a staff that grew nearly 50 percent over the past four years, Greek Development moved to a vacant warehousing facility that the company owned less than a mile from its previous offices. “We began with a blank canvas that allowed us to fulfill our creative desires and functional requirements,” explained Verdon.