"Regardless of whether prospective clients are planning to buy, sell, build, renovate, lease, remodel, relocate or refinance commercial real estate, NJCREA aims to bring together highly regarded commercial real estate experts to examine and advise on ways to overcome the challenges that arise in real estate and construction projects by utilizing a unique and collaborative 'think tank' team approach," NAI associate vice president Darren Lizzack, said in a statement. "Formed in response to a real need within the State of New Jersey, this first-of-its-kind group embraces a synergistic approach to properly address the unknowns of a turbulent economy and its impact on the complex world of real estate development."
Lizzack tells GlobeSt.com that the firm has spent the past two years assembling the group and creating a foundation from which to work. "We developed the website for the organization, which took several months, and designed a brochure that will be distributed via mail along with a broadcast email."
The NJCREA offers a wide-range of services including: site and building analysis, title search, environmental studies, surveying, real estate brokerage, project financing, banking solutions, appraisal services, accounting and financial management, conceptual planning, commercial insurance, green building concepts, architectural and interior design, site engineering, planning and zoning board representation as well as reconstruction.
"The commercial real estate landscape of New Jersey is littered with snares and pitfalls, which alliance members have the expertise to recognize and provide 'best practices' in order to best address the needs of today's marketplace," says Lizzack. "Ultimately, when taken as a whole, the expertise of the NJCREA provides greater value to a prospective venture than a similar group of experts working independently. We are excited to be a part of such a unique and exciting organization and we believe that as a collaborative group, we will be able to work together and help make commercial real estate ventures more seamless."
NJCREA's members include accountants (the Hunter Group), appraisers (Welsh Chester Galiney Matone, Inc.), architects (IS&L Architecture), attorneys (Winne, Banta, Hetherington, Basralian & Kahn, PC), brokers (NAI James E. Hanson), business incentives (Walton Management, Services, Inc.), capital providers (G.S. Wilcox & Co.), construction management providers (Skanska), general contractors (Heuer & Co.), engineering (Langan Engineering & Environmental Services), insurance providers (Ronald Diskin Associates Corp.) and title providers (Midland Abstract), who work concurrently to dispense advice on the best practices for completing successful commercial real estate ventures, including information on when projects may not be viable. In addition, given the realities of the current state of the economy, the NJCREA also looks at distressed properties and recommends new options.
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