Steven Follman, sales associate, has been named Salesperson of the Year and the recipient of the Robert Ploshnick Deal of the Year Award by Gebroe-Hammer Associates. Since joining the Livingston, N.J.-based firm five years ago, he has been integral to expanding Gebroe-Hammer's reach into the Ocean and Monmouth County submarkets.

Gebroe-Hammer Associates
2 West Northfield Road
Livingston, NJ 07039

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Release Date: November 20, 2008

GEBROE-HAMMER ASSOCIATES CELEBRATES 33 YEARS OF SUCCESS
Steven Follman Takes Top Honors

LIVINGSTON, N.J., Nov. 20, 2008 – Gebroe-Hammer Associates, a leader in the tri-state area’s investment real estate brokerage industry, recently celebrated its 33rd anniversary with a party at Crestmont Country Club in West Orange, N.J. The event gave Gebroe-Hammer the opportunity to honor the achievements made by its top brokers over the past year: Steven Follman was awarded both the Morris Hammer Salesperson of the Year and the Robert Ploshnick Deal of the Year award for the $12 million sale of the Colony House in Red Bank, N.J.

Mel Gebroe, co-founder and chairman, along with Ken Uranowitz, managing director, presented Follman with the Salesperson of the Year Award while Joseph Brecher, executive vice president, presented the Robert Ploshnick Deal of the Year Award. The Deal of the Year Award was named in memory of Robert Ploshnick, who joined the firm in 1976, rising to the rank of managing director before his untimely passing earlier this year. “Steven’s leadership and dedication over this past year and throughout his career make him an outstanding recipient of both of these awards,” said Uranowitz. “He was selected Salesperson of the Year by an anonymous vote of his peers.”

In addition, Joel Schwartz and David Oropeza, executive vice presidents, announced the following staff promotions: Joseph Brecher and David Jarvis both were named executive vice presidents and Greg Pine and Eli Rosen were promoted to senior vice presidents.

Gebroe-Hammer is among the tri-state region's most influential brokerage firms, specializing in the sale of multi-family, retail and commercial investment properties. The company provides innovative brokerage services to a wide range of private owners, REITS, private equity firms and other institutional investors. Gebroe-Hammer’s proven track record on behalf of its clients has resulted in consistent growth every year since its inception, with a large percentage of repeat business from owners and investors.

Follman earned recognition for successfully expanding Gebroe-Hammer’s reach into the Ocean and Monmouth County submarkets over the past five years. This was the first time Follman was honored with the Salesperson of the Year and the Deal of the Year Award. In 2008, he has reached a transactional volume of over $54 million and 334 units. “Follman exemplifies the best aspects of real estate salesmanship. His drive and market knowledge have been key factors in the firm’s successful expansion into central New Jersey, not to mention his easy-going style and quick wit. He is bright, well liked and respected by clients, attorneys and peers,” said Uranowitz.

Follman received the Robert Ploshnick Deal of the Year Award for the $12 million sale of the Colony House, a 68-unit apartment building in Red Bank, N.J. Located at 122 N. Riverside Ave., Colony House is comprised of a mix of 6 studio, 22 one-, 35 two- and 2 three-bedroom units as well as 3 penthouses. The seven-floor building features a brick façade and spacious layouts. Red Bank is located in Monmouth County, along the Navesink River. New Jersey Transit service connects Red Bank to New York’s Penn Station and other employment centers throughout New Jersey.

Mel Gebroe and Morris Hammer founded Gebroe-Hammer Associates in 1975. Uranowitz and Senior Vice President Nancy Reilly also have been with the company for its entire existence.

“This annual celebration is our way of honoring the many winners in our midst who have made the company so prosperous,” said Chairman Mel Gebroe. “Thanks to their significant achievements, the company has turned into the prominent fast-growing force that it is today.”

In addition to its strong presence throughout New Jersey, Gebroe-Hammer is active throughout Pennsylvania, including Philadelphia, and New York. Clients include private owners, REITS, private equity firms and other institutional investors.

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Gebroe-Hammer Associates
2 West Northfield Road, Suite 301
Livingston, NJ 07039
Phone: 973-994-4500
Fax: 973-994-9752