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Despite Bright Spots, Liquidity Issues Still Exist

NEW BRUNSWICK, NJ-Though multifamily, retail and industrial are performing well in New Jersey, the volatility in the CMBS market is shaking things up, panelists said at RealShare New Jersey at the Hyatt Regency Hotel on Tuesday.

By Debra Hazel | Updated on September 14, 2011

NEW BRUNSWICK, NJ—Multifamily is king, followed by neighborhood retail, but those looking to invest in New Jersey commercial real estate can find opportunities – and challenges – in all sectors, said speakers at the 10th annual RealShare New Jersey conference, held at the Hyatt Regency here on September 13.

Though the market has taken a pause in the last 30 days investors have been interested in a number of sectors in the state.“We’re spending a lot of time these days on multifamily and retail deals. We’re also doing some industrial,” says Jose Cruz, senior managing director of Florham Park, NJ-based HFF. “The liquidity for multifamily and retail is back to 2007 levels.”Apartments have been the preferred investment vehicle, noted Michael Fasano, a regional manager of Marcus & Millichap, of Elmwood Park, NJ. “There’s a lot of capital sitting on the sidelines, looking to buy, and that’s driving cap rates down,” said Rob Holland, Senior VP and co-managing director of The Kislak Company, Woodbridge, NJ.

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