In The News

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

Linden

Developers, Adapting to Changing Market, Near Completion of Massive Linden Industrial Park

JANUARY 31, 2023 - LINDEN, NJ. 

“All of the heavy lifting on this site is now pretty much done,” said David Greek, managing partner of Greek Development, who noted that infrastructure was a dominant focus during the project’s first phase. “Now it’s a lot easier to drive to the site and understand our vision, because our vision has more or less been built. … The site is there, you can see exactly where everything’s going and the infrastructure to access it is built."

Masha Sherman

Know Your Worth: Tips for Women in Commercial Real Estate from Immigrant, Wife, Mother and CFO

JANUARY 3, 2023 - EAST BRUNSWICK, NJ. It’s no secret that real estate is a male-dominated industry. As chief financial officer of a vertically integrated, three-generation, family-owned industrial real estate firm, I (Masha Sherman) am part of the 9% of women in commercial real estate who hold C-suite positions, as well as the approximately 36% of women in commercial real estate overall. To make it into this small faction, I had no choice but to thrive in this large, interconnected “boys’ club” — as a woman, an immigrant, a wife and a mother.

Tags
Masha NJBIZ

NJBIZ Panel Focuses on Women in the Workplace

DECEMBER 15, 2022. As part of NJBIZ’s latest virtual discussion, women executives at New Jersey-based companies spoke to their experiences in the workplace, as well as offered guidance to the next generation of females entering the business world.

During the hour-and-a-half roundtable discussion, panelists dove into topics such as impact inclusion (diversity and gender equality), hiring and retention efforts, how the pandemic’s shift to remote work has impacted recruitment and the importance of supporting other women in business.

Frank Greek David Greek

ROI Influencers: Real Estate 2022 — Frank Greek; David Greek

December 8, 2022 - NEW JERSEY. ROI Influencers: Real Estate 2022: Frank Greek; David Greek

They are developing the biggest industrial parks in the New Jersey/New York region, maintaining the area’s position as a leader in the nation’s industrial market. They recently won NAIOP’s Industrial Deal of the Year Award for Target at Logan North, a 1.7 million-square-foot omnichannel flow center for Target Corp. in Logan Township.

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.

Leaders

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. 

DG

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.”