David Waronker

David Waronker
Born June 5, 1961
Moorestown Township, New Jersey
Alma mater Boston University
Occupation President of CBD Real Estate Investment, LLC
Spouse(s) Ruth Boulden
Website
CBD Real Estate Investment, LLC

David Waronker (born June 5, 1961) is an American real estate investor. He is the President of CBD Real Estate Investment, L.L.C., and a lifelong ice hockey enthusiast. Waronker was the founder[1] and commissioner[2] of the World Hockey Association 2.

Biography

Waronker is a proponent for affordable housing and for property rights. A total of twenty-three of his New Jersey developments were created and designed to include a set-aside for affordable housing. When communities resisted his development applications, he has sued the municipalities under the Fair Housing Act and the doctrine of the “Mount Laurel II” decision, in which he was the plaintiff. CBD and Waronker have been plaintiffs against New Jersey communities, including Cinnaminson Township, Edgewater Park,[3] Harrison Township and Mount Laurel Township.

David Waronker also contributed to, and eventually joined, the Board of Directors of “The Defenders of Property Rights," based in Washington, D.C. This organization defends, as the name implies, property rights issues, challenging government on behalf of individuals, including the poor. Waronker has been a board member for the Defenders since 2003.

Presently, Waronker resides with his wife Ruth and their four children on their horse farm in Scottsdale, Arizona, dividing his time between his office locations in New Jersey, Arizona and Florida.

Education and early career

Waronker grew up in Moorestown Township, New Jersey and was a 1980 graduate of Moorestown High School. He attended Boston University, and graduated with a Bachelor of Science Degree from the BU School of Management, in 1984.

During his senior year at BU, Waronker worked as an intern for the Beacon Hospitality Group, a Boston-based hotel developer. Waronker then worked for Jefferson National Mortgage of Marlton, New Jersey, as Head of the Real Estate Investment and Acquisition Division, focusing on the formation of limited partnerships to acquire, develop and sell residential development land throughout New Jersey.

CBD Development Group

In 1985, David Waronker formed CBD Development, Inc., a New Jersey based residential developer of single and multi-family housing. CBD Land Consultants, Inc., a New Jersey Real Estate Brokerage firm, was formed in 1987, with Waronker as the broker of record. CBD Builders Inc. was formed in 1989 for the purpose of constructing single and multifamily housing projects. Together, all three CBD entities were commonly known as “The CBD Development Group,” with the main office located in Mount Laurel, New Jersey. A sister office was located in Ship Bottom, New Jersey.

CBD experienced growth through the 1990s, developing large tracts of housing throughout New Jersey and Eastern Pennsylvania. With its CBD Builders subsidiary, CBD became active in construction, and built residential projects in Medford, Cherry Hill, Lumberton Township, Southampton Township, Long Beach Island, Mount Laurel Township, Fieldsboro, Edgewater Park Township, Glassboro, Cinnaminson Township, Williamstown, and Pemberton.

Waronker and CBD were active members of the Builders League of South Jersey, where Waronker chaired subcommittees, eventually rising to the executive committee. Waronker then became the only two-term BLSJ President, in 1999-2001.[4] CBD was named the BLSJ “Builder of the Year” in 2000. On the executive committee of the BLSJ, Waronker formed a subcommittee known as the “Regulatory Enforcement Committee”, which in conjunction with the BLSH Action Committee, was proactive in enforcing the rights of its members. This committee became the largest subcommittee in BLSH history.

CBD expanded operations to Central Florida in 1998. An office was established in the Walt Disney town of Celebration, and CBD eventually devoted most of its development work to Central and Southwest Florida.[5] In 2005, Waronker formed “CBD Real Estate Investment, L.L.C.,” which today has replaced the three other CBD entities. This Florida limited liability company is active in acquiring development land throughout the state of Florida.[6] With David Waronker at the helm, CBD Real Estate Investment, L.L.C. recently expanded into Arizona to buy and develop land. CBD currently has offices in Delran, New Jersey, and Scottsdale, Arizona, as well as the Florida office.

Additional business ventures

In 2000, David Waronker formed USALANDSALE.COM, L.L.C., now known as USALANDSALE, L.L.C. Based in Celebration, Florida, this company became a national "land bank" with hundreds of parcels; building lots, vacant land, acreage, and development land in 41 of the 50 United States. USALANDSALE, L.L.C. also owned land in Canada.[7]

Additionally, Waronker formed Desert Mountain Land Holdings L.L.C., a land bank in Scottsdale, Arizona, in 2004. The company purchases vacant land and investment properties in the American Southwest, specifically in the states of Arizona, Nevada, New Mexico, Utah, Texas and California.

Waronker has invested in the ownership of minor league ice hockey teams, and was the lead investor and owner of the Florida Seals,[8] Macon Trax,[9] Jacksonville Barracudas,[10] Miami Manatees,[11] and Asheville Aces.[12]

Waronker also was the founder of the World Hockey Association 2, which eventually merged several of its teams with the defunct SEHL to form the Southern Professional Hockey League (SPHL).[13] Waronker provided much of the start up capital for all teams, including several in which he had no ownership interest, such as the teams in Lakeland and Birmingham. Today, Waronker still retains an interest in one “AA” hockey franchise and still retains his childhood fascination with the Philadelphia Flyers.

Charity work

David Waronker is actively involved in horse rescues, while also an active volunteer member for both the Children’s Miracle Network and the American Cancer Society. Since 1997, CBD Real Estate Investment, L.L.C. has run a nonprofit organization named Hockey 4 Kids, which introduces disadvantaged and disabled children to the sport.[14]

As alumni of the Boston University School of Management,[15] David and his wife Ruth (nee Boulden)[16] established The Ruth and David Waronker Scholarship Fund,[15] which will provide scholarships for female student athletes.

References

  1. ↑ http://nl.newsbank.com/nl-search/we/Archives?p_product=FV&p_theme=fv&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0FA9D4286703E1E5&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM. Missing or empty |title= (help)
  2. ↑ Skolnick, Ethan J. (March 7, 2004). "Minor-Leaguers To Finish Season On Road". South Florida Sun.
  3. ↑ "Going to Court over Housing" (FEE REQUIRED). The Philadelphia Inquirer. May 14, 2000. Retrieved 2008-09-21. David Waronker, president of Mount Laurel-based CBD Development Inc., which has sued Edgewater Park, Cinnaminson, ...
  4. ↑ Ginsberg, Wendy (October 22, 2001). "Smaller Developers Leaving New Jersey.". The Philadelphia Inquirer. Retrieved 2008-09-21.
  5. ↑ "In N.J., rate of home building takes a dip" (FEE REQUIRED). The Philadelphia Inquirer. March 10, 2002. Retrieved 2008-09-21. David Waronker ... recently moved all of his Mount Laurel company's new operations to Florida.
  6. ↑ "Developer seeks zoning approval for 142 new homes". St. Petersburg Times. May 29, 2002. Retrieved 2008-09-21.
  7. ↑ "USAlandsale.com auction expected to attract hundreds of investors". Orlando Business Journal. August 11, 2005. Retrieved 2008-09-21.
  8. ↑ "Leagues continue power struggle". The Fayetteville Observer. April 23, 2003. Retrieved 2008-09-21.
  9. ↑ "If Waronker can Clean up Finances, Macon may Have Hockey". The Macon Telegraph. May 18, 2003. Retrieved 2008-09-21.
  10. ↑ "Minor League Hockey Team CEO Expects Jacksonville, Fla., Arena to Attract Fans.". Knight Ridder/Tribune Business News. October 3, 2003. Retrieved 2008-09-21.
  11. ↑ "New minor league hockey team to move into Miami Arena". Miami Today. February 27, 2003. Retrieved 2008-09-21.
  12. ↑ "Ice dream". Mountain Xpress. February 23, 2005. Retrieved 2008-09-21.
  13. ↑ Surgent, Scott (2004). The Complete Historical and Statistical Reference to the World Hockey. Xaler Press. p. 329. ISBN 978-0-9644774-4-5. Retrieved 2008-09-21.
  14. ↑ "Terrier Pride Scholarship Program takes off". BU Today (Boston University). February 16, 2006. Retrieved 2008-09-21.
  15. ↑ 15.0 15.1 BU Alumni Web :: Advancement :: Spring 2006. Boston University. Retrieved on August 5, 2008.
  16. ↑ Legacy: "Rodney Boulden Obituary" retrieved April 25, 2015

External links