Page 9 - RE-NJ

EDITOR ’S
NOTE
TRANSITION TIME
chart a new course.
I’ve come to learn that stories in
our People on the Move section
are among our most popular online
and in print. I understand why —
relationships in commercial real
estate go back years or decades
in many cases, meaning there’s no
shortage of interest when a friend or
business partner earns a promotion
or a position at a new fi rm.
“It’s just an exciting time,” Bogart
said, later adding: “I think that the
reason this is going to be wildly
successful is because we are all
of the same mindset and … we
complement each other with our
personalities.
“It’s going to be a very exciting ride
for the next three to fi ve years as we
build this thing up.”
Our October issue also includes
That’s especially true when it comes
to developers and owners, as I
was reminded
earlier this
year when we
covered two
major moves by
Accordia. The
Fairfi eld-based
fi rm announced
this past spring
that Frank
Recine and Matt Pizzolato, both
prominent brokers with JLL, had
joined its leadership ranks as part
of a carefully planned transition.
As you’ll read in this month’s cover
story, Accordia is entering a new
phase as a developer, investor and
asset manager, with a revamped
business plan and a slate of new
projects and acquisitions on the
horizon. That reboot, which comes
a collection of Q&As from our
second annual Owners Council, part
of a special content partnership
program for developers, investors
and property owners that advertise
with Real Estate NJ. We’re lucky to
have these insights from six of New
Jersey’s top real estate executives,
who shared their thoughts on
the health of the market, what
they learned in 2024 and how
they’re navigating any number
of challenges. I was especially
interested to learn how and when
they expect to feel the impact of
lower interest rates, which varied
considerably from one executive
to the next, reminding us just how
nuanced the industry can be. In any
case, we’re excited to share those
answers and others — including our
council’s top picks for Jersey diners,
vacation spots and movies — with
some returning participants and
Accordia is entering Accordia is entering
some new faces.
w p a new phase
as a developer, as a developer, as a developer
investor and
asset manager,
You can fi nd those features and
more in the latest edition of Real
Estate NJ, which comes with new
hopes of an uptick as we make our
way through the fourth quarter.
I’ve heard that sentiment from
many of you during the fall event
season, even with the reality that
the clock is running out on owners
of distressed property. Either way,
it’s likely to be a busy few months
as we close out 2024, so I hope
you’ll stay with us as we try to cover
all of it. Until next time, thanks for
reading and enjoy the issue!
Joshua Burd
Editor
[email protected]
with a revamped
business plan and
a slate of new
jects projects and
on acquisitions on the
rizon. horizon.
19 years after the fi rm’s founding
by Joe Romano and Jason Bogart,
is now in full view with the high-
profi le additions of Recine and
Pizzolato. Both of which come after
Romano’s decision to retire late last
year, leaving the company’s future
in Bogart’s hands and a chance to
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