Completing Deals in the Garden State Getting Easier, Liberty SBF's Cohen Says

NEW BRUNSWICK—“The money is betting on New Jersey,” says Alexander Cohen, CEO of Liberty SBF, a CRE financing firm, and one of the panelists featured at next week’s RealShare New Jersey Conference. In comments provided exclusively to GlobeSt.com in advance of his appearance at the conference, Cohen says “The fundamental bedrock infrastructure of a CRE expansion and recovery are evident,” while warning that the lack of job creation in the middle class is a major drag holding back full recovery, including growth in occupancy and rents.

Unfunded state pension liabilities and high state taxes are also responsible for slower growth, Cohen says. “The result is tepid expansion plans for corporations and a significant exodus of the middle class approaching retirement age,” he says.