David Waronker
Encyclopedia
David Waronker is a real estate
investor, the President
of CBD Real Estate Investment, L.L.C., and a lifelong ice hockey enthusiast. Waronker was the founder and commissioner of the World Hockey Association 2
.
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, Edgewater Park
, Harrison Township
, and Mount Laurel.
David Waronker also contributed to, and eventually joined, the Board of Directors of “The Defenders of Property Rights," based in Washington, D.C.
http://www.truth-it.net/defenders_of_property_rights.html
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
.
. He attended Boston University
, "BU", on a Terriers
dual-sport athletic scholarship. Waronker was a right winger on the school's hockey team (now a 5-time NCAA
champion) and a sweep rower in the eight-man "crew". Waronker 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 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, Southampton, Long Beach Island
, Mount Laurel, Fieldsboro, Edgewater Park Twp
, Glassboro
, Cinnaminson, 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. 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. 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
. 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.
.
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
, Macon Trax
, Jacksonville Barracudas
, Miami Manatees
, and Asheville Aces
.
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). 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.
As alumni of the Boston University School of Management
, David and his wife Ruth established The Ruth and David Waronker Scholarship Fund, which will provide scholarships for female student athletes.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
investor, the President
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
of CBD Real Estate Investment, L.L.C., and a lifelong ice hockey enthusiast. Waronker was the founder and commissioner of the World Hockey Association 2
World Hockey Association 2
The World Hockey Association 2 was a minor professional ice hockey league created at the instigation of the organizers of the proposed recreated World Hockey Association to serve as its development league. The WHA2 teams — some of which had played the 2002–03 season in the Atlantic Coast...
.
Biography
Waronker is a proponent for affordable housing and for property rights. A total of twenty-three of his New JerseyNew Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
developments were created and designed to include a set-aside for affordable housing
Affordable housing
Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the...
. When communities resisted his development applications, he has sued the municipalities under the Fair Housing Act and the doctrine
Doctrine
Doctrine is a codification of beliefs or a body of teachings or instructions, taught principles or positions, as the body of teachings in a branch of knowledge or belief system...
of the “Mount Laurel II” decision, in which he was the plaintiff. CBD and Waronker have been plaintiffs against New Jersey communities, including Cinnaminson, Edgewater Park
Edgewater Park Township, New Jersey
Edgewater Park Township is a Township in Burlington County, New Jersey, United States and a northeastern Delaware Valley suburb of Philadelphia...
, Harrison Township
Harrison Township
Harrison Township may refer to the following townships in the United States:-Arkansas:* Harrison Township, Hot Spring County, Arkansas* Harrison Township, Union County, Arkansas* Harrison Township, White County, Arkansas-Indiana:...
, and Mount Laurel.
David Waronker also contributed to, and eventually joined, the Board of Directors of “The Defenders of Property Rights," based in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
http://www.truth-it.net/defenders_of_property_rights.html
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
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
, dividing his time between his office locations in New Jersey, Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
and Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
.
Education and early career
David Waronker grew up in Moorestown, New Jersey and was a 1980 graduate of Moorestown High SchoolMoorestown High School
Moorestown High School is a four-year comprehensive public high school that serves students in ninth through twelfth grades from Moorestown Township in Burlington County, New Jersey, United States, operating as part of the Moorestown Township Public Schools...
. He attended Boston University
Boston University
Boston University is a private research university located in Boston, Massachusetts. With more than 4,000 faculty members and more than 31,000 students, Boston University is one of the largest private universities in the United States and one of Boston's largest employers...
, "BU", on a Terriers
Boston University Terriers
The Boston University Terriers are the nine men's and twelve women's varsity athletic teams representing Boston University in NCAA Division I competition. The men compete in basketball, cross country, ice hockey, rowing, soccer, swimming, tennis, indoor and outdoor track, and wrestling...
dual-sport athletic scholarship. Waronker was a right winger on the school's hockey team (now a 5-time NCAA
NCAA Men's Ice Hockey Championship
The annual NCAA Men's Ice Hockey Championship tournament determines the top men's ice hockey team in NCAA Division I and Division III. The semi-finals and finals of the Division I Championship are branded as the Frozen Four, a passing nod to the NCAA Men's Division I Basketball Championship - known...
champion) and a sweep rower in the eight-man "crew". Waronker 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
Marlton, New Jersey
Marlton is a census-designated place and unincorporated area located within Evesham Township in Burlington County, New Jersey. As of the United States 2000 Census, the population of Marlton was 10,260.-History:...
, as Head of the Real Estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
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
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
. With its CBD Builders subsidiary, CBD became active in construction, and built residential projects in Medford, Cherry Hill
Cherry Hill, New Jersey
Cherry Hill is a township in Camden County, New Jersey, in the United States. As of the 2010 United States Census, the township had a population of 71,045, representing an increase of 1,080 from the 69,965 residents enumerated during the 2000 Census...
, Lumberton, Southampton, Long Beach Island
Long Beach Island
Long Beach Island is a barrier island and summer colony along the Atlantic Ocean coast of Ocean County, New Jersey in the United States...
, Mount Laurel, Fieldsboro, Edgewater Park Twp
Edgewater Park Township, New Jersey
Edgewater Park Township is a Township in Burlington County, New Jersey, United States and a northeastern Delaware Valley suburb of Philadelphia...
, Glassboro
Glassboro, New Jersey
Glassboro is a borough in Gloucester County, New Jersey, United States. As of the United States 2000 Census, the borough population was 19,068....
, Cinnaminson, Williamstown
Williamstown, New Jersey
Williamstown, home of brandon ciarlante, is a census-designated place and unincorporated area located within Monroe Township, in Gloucester County, New Jersey...
, and Pemberton
Pemberton, New Jersey
Pemberton, formerly New Mills, is a Borough in Burlington County, New Jersey, United States. As of the United States 2000 Census, the borough population was 1,210....
.
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
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
, in 1999-2001. 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
Central Florida
Central Florida is a regional designation for the area surrounding Orlando in east central Florida, United States. The area represents the third largest population concentration in Florida, after the South Florida and Tampa Bay regions, respectively....
in 1998. An office was established in the Walt Disney town of Celebration
Celebration, Florida
Celebration is a census-designated place and a master-planned community in Osceola County, Florida, United States, located near Walt Disney World Resort and originally developed by The Walt Disney Company...
, and CBD eventually devoted most of its development work to Central and Southwest Florida. 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
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...
is active in acquiring development land throughout the state of Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. With David Waronker at the helm, CBD Real Estate Investment, L.L.C. recently expanded into Arizona
Arizona
Arizona ; is a state located in the southwestern region of the United States. It is also part of the western United States and the mountain west. The capital and largest city is Phoenix...
to buy and develop land. CBD currently has offices in Delran, New Jersey, and Scottsdale, Arizona
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
, 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 CanadaCanada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Additionally, Waronker formed Desert Mountain Land Holdings L.L.C., a land bank in Scottsdale, Arizona
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
, in 2004. The company purchases vacant land and investment properties in the American Southwest, specifically in the states of Arizona, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
, New Mexico
New Mexico
New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...
, Utah
Utah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
and California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
.
Waronker has invested in the ownership of minor league
Minor league
Minor leagues are professional sports leagues which are not regarded as the premier leagues in those sports. Minor league teams tend to play in smaller, less elaborate venues, often competing in smaller cities. This term is used in North America with regard to several organizations competing in...
ice hockey
Ice hockey
Ice hockey, often referred to as hockey, is a team sport played on ice, in which skaters use wooden or composite sticks to shoot a hard rubber puck into their opponent's net. The game is played between two teams of six players each. Five members of each team skate up and down the ice trying to take...
teams, and was the lead investor and owner of the Florida Seals
Florida Seals
The Florida Seals was a minor league ice hockey franchise, a member of the Southern Professional Hockey League . Originally based in Orlando, Florida, they later moved to Kissimmee, Florida, a suburb thirty miles south of Orlando in Osceola County...
, Macon Trax
Macon Trax
The Macon Trax were a minor-league professional ice hockey team based in Macon, Georgia. They played in the low minor leagues Atlantic Coast Hockey League , World Hockey Association 2 and Southern Professional Hockey League , playing their home games at the Macon Coliseum...
, Jacksonville Barracudas
Jacksonville Barracudas
The Jacksonville Barracudas were a professional minor league ice hockey team based in Jacksonville, Florida. They were established in 2002, and played in the Atlantic Coast Hockey League , the World Hockey Association 2 , and the Southern Professional Hockey League , before folding in 2008.They won...
, Miami Manatees
Miami Manatees
The Miami Manatees were a minor league ice hockey team in the World Hockey Association 2. The Manatees originally played their home games at Miami Arena; however, owner David Waronker had an out clause in the teams lease that stated that if the team's attendance average was under 1,500 after 20 of...
, and Asheville Aces
Asheville Aces
The Asheville Aces were a Southern Professional Hockey League team in Asheville, North Carolina. The team, which suffered limited success and low attendance, lasted only one year before disbanding.-Franchise History:...
.
Waronker also was the founder of the World Hockey Association 2
World Hockey Association 2
The World Hockey Association 2 was a minor professional ice hockey league created at the instigation of the organizers of the proposed recreated World Hockey Association to serve as its development league. The WHA2 teams — some of which had played the 2002–03 season in the Atlantic Coast...
, which eventually merged several of its teams with the defunct SEHL to form the Southern Professional Hockey League (SPHL). 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.As alumni of the Boston University School of Management
Boston University School of Management
The Boston University School of Management is the business school at Boston University in Boston. Founded in 1913 as the College of Business Administration, the school offers undergraduate and graduate programs....
, David and his wife Ruth established The Ruth and David Waronker Scholarship Fund, which will provide scholarships for female student athletes.