NEW YORK CITY-While healthy competition between New York and New Jersey will always persist, the two states share more in-common than most think. Sharing a regional transportation system, a highly-educated workforce and the world's biggest cultural institutions, the two states are setting the stage and laying the groundwork for future commercial real estate growth that will benefit both equally for years to come.

Through a two-way video conference on Wednesday evening, panelists at CoreNet Global’s “Talent Pool & Real Estate” bi-state event discussed how New York and New Jersey can collaborate to achieve mutual business goals and drive location decisions. The CoreNet New York chapter gathered at the Time Life Building in Midtown, while the New Jersey chapter met at Eisenhower Corporate Campus in Livingston.

Both CoreNet’s New York and New Jersey panelists agreed that the two states work to attract the “best and brightest” employees by creating a desirable work environment. One recent example is publishing company Pearson PLC’s decision to establish offices on both sides of the Hudson River in Lower Manhattan and Hoboken.