Management & Operations

NJ TRANSIT fills new chief of real estate post

Posted on November 21, 2019

NJ Transit has announced its first Chief of Real Estate, Economic Development and Transit Oriented Development as part of the continuing effort to increase non-farebox revenue and monetize assets throughout the state.

Carmen Taveras, formerly with Wereldhave USA, a subsidiary of a European-based public real estate investment trust (REIT) Wereldhave, has joined the agency in the newly created role.

The position was created in response to NJ Senate bill S2333 signed by Governor Murphy on November 1, 2018 requiring NJ Transit to establish an office of real estate, economic development and transit-oriented development. The office will assess and develop recommendations for transit-oriented development opportunities for parcels of property in which NJ Transit holds an interest in, with the goal of increasing the agency’s non-farebox revenue.

Taveras has more than 20 years of diverse real estate experience managing real estate portfolios and land development across U.S. market sectors and asset class.

During her career at Wereldhave, her notable transactions included the sale of 20 Exchange Place, a 56-story office tower in New York City’s Financial District and the development of 120-acres of raw land in San Antonio, Texas. There, she worked closely with the local community, government authorities and Department of Transportation to achieve a master plan for a 1.8 million-square-foot sustainable, mixed-use project costing approximately $500 million.

View comments or post a comment on this story. (0 Comments)

More News

DeMartino steps down as CEO of San Joaquin RTD

Has accepted the position of managing director of rail agency that manages Amtrak's Pacific Surfliner intercity passenger rail service.

Public transit ridership up for third quarter of 2019: APTA

This includes a rise of 5.46% for heavy rail, 4.38% for commuter rail systems, and 0.59% for all bus systems.

InfraStrategies LLC adds principal consultant to team

Sophie Guiny joins the team as an exceptionally accomplished transportation infrastructure funding and financing expert and will be based in the Washington, D.C. office.

MTS delivers $1B in annual value to San Diego region, report finds

The report concludes that every dollar of public investment returns $2.82 in the form of jobs, infrastructure investment, productivity gains, environmental benefits, and money saved by riders.

NY MTA mounted-camera program begins issuing bus lane violations

Since camera enforcement on the M15 began, there have been improvements in bus speeds on First and Second Avenues.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation