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2013: Week 1 Portends Wild Ride Ahead in NJ

EAST RUTHERFORD, NJ-Cushman & Wakefield's Gil Medina tells GlobeSt.com, “There is a lot to be concerned about and a lot to hope for in the coming year” based on how it's gone so far.

By Antoinette Martin | Updated on January 06, 2013

EAST RUTHERFORD, NJ-Last week was an adventure-park ride for New Jersey, fiscally speaking–dangling on the federal “cliff,” staring into the yawning gap of a state-revenue shortfall, plus the bungee cord bounce provided by U.S. House Republicans on superstorm-Sandy recovery aid. Perhaps it’s not surprising that commercial real estate experts’ predictions about how 2013 will go leave room for shaky ground ahead.

Cushman & Wakefield’s Gualberto (Gil) Medina tells GlobeSt.com his prognosis is equivocal: “There is a lot to be concerned about and a lot to hope for in the coming year.” 

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