The state’s industrial and office sectors both faced headwinds in 2023, but the year ahead for each asset class may be decidedly different. That was a key takeaway last week from panelists at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook, who noted that demand for warehouse and logistics space has normalized after a record-breaking run during the pandemic. Office landlords, meantime, are still grappling with shrinking corporate footprints and remote work policies, further straining submarkets that are both aging and oversupplied.
Ware Malcomb architect Erica Godun has taken the reins as New Jersey chapter president of Commercial Real Estate Women Inc., leading a 13-member board that will guide the association in the year ahead.
Despite uncertainty about the broader office market, the local landscape in Newark is changing for the better, as corporations place a greater premium on culture, experiences and other assets that have long existed in the city alongside its connectivity and access to talent.
Leveraging its key assets and the vast resources of business, academic and political leaders in New Brunswick has been a hallmark of the city’s economic revival in recent decades, panelists said during a program hosted by Real Estate NJ, as they discussed the philosophical and financial partnerships behind billions of dollars in public- and private-sector redevelopment.
Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.
If there was any doubt about the commercial real estate industry’s impact on northern New Jersey, this year’s Meadowlands Chamber Legacy Awards Reception was a clear reminder. The organization hosted the annual gala on Oct. 12 while marking the 50th anniversary of its founding. Fittingly, it also unveiled a list of the 50 most influential people in the region’s history — including more than a dozen iconic developers and real estate service providers, from Jerry Gottesman and Jon and Peter Hanson to Gretchen Wilcox and Dave Gockel.
A group of business leaders gathered in West Orange last week to celebrate their peers, as Blue Water Wave held its first-ever awards ceremony for excellence in real estate and other sectors.
Optimism is nothing new in Newark, with its rich transportation network, cultural institutions and key anchors in business, health care and academia. But the city still struggles with poverty, education challenges and other barriers that have kept it from blossoming alongside places such as Jersey City, Hoboken and other urban markets, despite billions of dollars in new investment. Panelists said as much last week during Real Estate NJ’s Newark Redevelopment Update, as they debated those challenges and how to unlock the city’s long-held potential.
United Way of Northern New Jersey awarded its 2023 Industrial Impact Award to Samsung at Linden Logistics Center. From left: United Way of Northern New Jersey CEO Kiran Handa Gaudioso, Greek Development Managing Partner David Greek, Greek Development Director of…
Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.