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Real Estate Bisnow
The largest commercial real estate publication in the United States.
   
January 3, 2012 
 
 
REMEMBERING
BILL CAREY

 
Our sincere condolences to the friends, family, and colleagues of
W. P. Carey & Co
founder Bill Carey, 81, who died yesterday of natural causes in West Palm Beach, Fla.
 
Bill Carey
Bill started the company in 1973, primarily to structure single-asset private investments. It now owns 1,000 commercial and industrial properties totaling 120M SF in North America, Europe, and Asia and manages $12B in assets. Bill also founded the W. P. Carey Foundation in 1988. Its most recent gift was $30M to Baltimore's University of Maryland Francis King Carey School of Law (named for his grandfather, an 1880 graduate and a founder of a predecessor firm to DLA Piper). The foundation has also given $50M to JHU for the Carey Business School and will receive most of Bill's company shares. A public memorial service is being planned in NYC. In lieu of flowers, donations can be made to the W. P. Carey Foundation, Attn: Juliana Harris, 50 Rockefeller Plaza, New York, NY 10020.
 
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Bill Carey, Phoebe Haddon, and Francis Carey on Sept. 16, 2011
Here's Bill with Francis King Carey School of Law dean Phoebe Haddon and W. P. Carey Foundation president Francis Carey in September at the school's name dedication, and there's more Baltimore in Bill's background. His interest in business emerged when he sold ink he made in the basement of his family’s Baltimore home. He also attended Princeton and the Wharton School and served in the Air Force for two years. He learned about lease financing in his stepfather’s New Jersey car dealership and at 28 became owner of International Leasing Corp, which merged into Hubbard, Westerfelt & Mottelay. He then held positions at Loeb, Rhodes & Co and DuPont Glore Forgan before launching his firm.

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GOOD TIDINGS
 
Vanessa Ichnoski, Joanne Edwards, Grace Laria, Jon laria, Brian Cyr, Lila Shapiro-Cyr, Noah Cyr, Owen Cyr, Brooke, Bill, Valerie Burke, Ashley, Nick, Kasadi, Stuart, and Robin on Dec. 15, 2011
The Baltimore Ballard Spahr office spent some holiday time at Business Unlimited Maryland's Elf Night at the Salvation Army prepping gifts of clothes and toys to help fill the wish lists of more than 4,500 area children. The legal eagle elves in the back row are Vanessa Ichnoski, Joanne Edwards, Grace Laria, her dad and real estate managing partner Jon, and real estate partner Lila Shaprio-Cyr, her husband Brian Cyr, and their children Noah and Owen. Up front is Valerie Burke's (third from left) family: Brooke, Bill, Ashley, Nick, Kasadi, and (standing on the far right) Stuart and Robin.
Kathy Brooks, Kim richmond, and Silvia Berlic at 8601 Robert Fulton Drive, Suite 200, Columbia, December 2011
Manekin's Columbia office gathered gifts for Toys for Tots and extended the celebration with a decorating contest. The HR department (here's Kathy Brooks, Kim Richmond, and Silvia Berlic) built a fireplace in the hallway (Dear fire marshall: It was just for show). Asset management and construction stepped up with donations of Tonka and Hess trucks and Transformers; accounting went feminine with Barbies and baby dolls; and brokerage, development, HR, and investment services went with games, Nerf balls, and Legos. "We're a full-service company," says Marie Gerwig.
8601 Robert Fulton Drive, Suite 200, Columbia, December 2011
We commend the property management department's dedication to working with what it's got.

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A DAY AT THE PARK
 
James Hancock, James Gohng, Brad Pumphrey, and Jim Weller, December 2011
Legg Mason Capital Management's James Hancock, Baltimore Technology Park's James Gohng, EastBay Media prez Brad Pumphrey, and Enterprise Technology Parks prez Jim Weller (the only one who still appreciates the class that comes with a nice tie) at ETP's client appreciation party at Baltimore Technology Park. The 30k SF data center at 1401 Russell St was built six years ago and has 15k SF of server space (raised floors) plus 15k SF of supporting infrastructure for things like generators to keep that AC running. (Anyone want to start a movement for having their cubicle on a raised floor plus high-tech temperature control?) James tells us once the remaining 5,000 SF is leased out, the company will look for another location, and it's also looking to expand in Philly.
 
New Year's resolutions aren't obligatory until the first day back at work, right? Email amanda.metcalf@bisnow.com.
 
 
 
 
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