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Institutional Capital Flows Back to Jersey

EAST RUTHERFORD, NJ –Speakers including an economist and developers cited the state’s ongoing recovery at the NAIOP NJ Annual Meeting, though challenges in retail and office remain.

By Debra Hazel | Updated on January 25, 2012

EAST RUTHERFORD, NJ-Though some sectors remain challenging, the economic recovery continues to progress in the United States and New Jersey, said speakers at NAIOP NJ’s Annual Meeting and Real Estate Forecast, held on Jan. 24 at the Sheraton Meadowlands here.

Discussions of the economy, and both local and commercial real estate saw a still evolving market. “The recovery now seems to be on track, but you have to keep it in perspective,” said James W. Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy of Rutgers University. “More people believe in flying saucers than believe that the recovery is 31 months old.”

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