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Kay Constructs Out-of-the-Box Deals

OCEAN TWP., NJ-In addition to developing its own supermarkets for specific Garden State shopping centers, the firm is also focused on building an advisory services team.

By Alyson Grala | Updated on February 01, 2010

OCEAN TWP., NJ-Getting good talent into your organization is challenging even in the best of times, but industry veteran and locally based Kay Realty principal Bill Klein has been bucking the trend toward downsizing by bringing on new hires and relocating to a new Monmouth County office building. “Within the next two months, we expect to move into our new offices, at which point we will be even more poised to bring on additional people as the job requires,” Klein says.

He adds that the firm is also looking into new avenues of business, including more consulting, advisory and third party management work. “We’re also seeing a lot of the fruits of our labor over the past two or three years finally come to fruition,” Klein tells GlobeSt.com. “Deals that were stalled for court reasons or permitting situations have now started to turn lose, and those projects are going to accelerate.”

Part of Klein’s success can be attributed to his optimism. “If we all got up in the morning and looked at the clouds in the sky, we probably wouldn’t get out of bed,” he relates. “I’m a subscriber to the idea that we are going forward, not backwards.”

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