(It's almost here: RealShare NJ comes to the Hyatt Regency in New Brunswick, NJ on Sept. 19)
NEW BRUNSWICK, NJ–Tomorrow morning, a day after New Jersey’s economic recovery found a naysayer in Standard & Poor’s - more than 450 business leaders will gather at RealShare NJ to hear what top commercial real estate leaders have to say about the market.
S&P downgraded New Jersey’s outlook from stable to negative Tuesday, but Caren Franzini, who is the outgoing chief of the state Economic Development Authority, is likely to hear some more positive commentary from three executives at a “C Suite” panel she will moderate at 8 a.m.:
- Carl Goldberg, principal of Roseland Property Co., which has several major projects underway in Harrison and Port Imperial
- George Sowa, executive vice-president of Brandywine Realty Trust, which has made several large deals in the region this year
- Emanuel Stern, president and CEO of Hartz Mountain, which has begun a shift into multi-family development
The RealShare conference, being held at the Hyatt Regency in New Brunswick has attracted more than 450 participants. Another panel that is expected to generate extremely lively discussion follows the C-Suite group with a covey of transaction experts who will talk about deal structure, interest rate projections, advantageous tax arrangements, and so on.
Gretchen Wilcox, the president and CEO of GS Wilcox & Co., has told GlobeSt.com she will bring her best thoughts on how to facilitate deals in an era of “really cheap money” as a member of the panel on “Capital Stacks.” Mark Scott, another panelist, tells GlobeSt.com he sees a bit of a lull in transactions just now, in a pre-election period when economic reports are not exactly encouraging. On the other hand, Scott says he will go public with his thinking that capitalization rates are sure to go down – and the market will nonetheless remain healthy.
Who’s buying and selling – and how are they closing the deals? A mid-morning panel will deliver the answers straight from the mouths of those doing the closing. The panel includes Cushman & Wakefield’s Gilbuerto (Gil) Medina, a former state Commerce secretary; Kislak’s Rob Holland, whose company won two Deal of the Year awards last year, Marcus & Millichap’s Michael Fasano and Collier’s International’s Bob Martie.
The conference winds up with a panel on trends in the fluid industrial market, especially around the ports. Leading brokers and owners will discuss changing market drivers that are affecting deals being made now, as well as the future outlook in light of intermodal transit developments.
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