FLORHAM PARK, NJ—2015 was a 'watershed' year for foreign investment in US industrial properties, and New Jersey is front-and-center in investors' crosshairs, says Michael Nachamkin, managing director of Holliday Fenoglio Fowler.
"From a diversification point of view, most of these investors want to be in the major markets, and New Jersey is in the top five," Nachamkin tells GlobeSt.com exclusively.
Across the United States, total foreign investment increased from $12.5 billion in 2010 to more than $76.6 billion in 2015 so far. New Jersey captures approximately two percent of this market share in the United States with year-to-date 2015 foreign investment hitting $2.1 billion, Nachamkin says.
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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].
