NEW BRUNSWICK—Heavy demand for industrial space and strong appetites for retail properties are two key market characteristics, says José Cruz, senior managing director of HFF, one of the panelists featured at next week's RealShare New Jersey Conference.
“There is significant demand right now for retail. The activity is broad based from value add non-anchored to stable Class A grocery product,” says Cruz, in comments provided exclusively to GlobeSt.com in advance of his appearance at the conference. “Investors have varied pools of capital for most retail today. Finally, industrial investment opportunities are few and far between, driving current pricing to record levels in the state for well-located big box warehouse. Cap rates on this product type have dropped to the 5% range for the best of the best.”
Cruz will join John Adderly, executive vice president - managing director, NAI Mertz; Alex Cohen, CEO of Liberty SBF; Nat Gambuzza; vice president of investments, Marcus & Millichap; and David Simon, executive managing director, Massey Knakal Realty Services, on a panel entitled, “Transactions: Getting the Deals Done,” moderated by Mitchell S. Berkey, Esq., co-chair, Real Estate Development and Land Use Group, Wolff & Samson PC ,scheduled to start at 10:45 a.m. The conference kicks off Thursday, September 11 at 7:45am at the Hyatt Regency in New Brunswick.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
