Page 25 - RE-NJ

SPECIAL ADVERTISING SECTION
™ 23
GREGORY J. DEMARCO, PE
CEO
As 2025 ushers in a new president and party, the markets have
responded positively. Our predictions for robust growth in 2024
held true in the pharmaceutical, health care and data center sectors.
As we move ahead into next year, we predict growth in these
same three sectors with a twist on data centers. We have been
approached by many investors and developers seeking advice and
guidance on large-scale, high-powered data centers with a focus on
AI (artifi cial intelligence). This will be a major push in 2025 and one
with long-term potential.
Many Fortune 100 and 500 fi rms continue to develop their national
footprint as we’ve already started to engage in forthcoming expansion
projects. If infl ation can be controlled with a slow decrease in
interest rates coupled with a taming of Middle East tensions, we
should see more cash being spent on this type of growth. Mergers
and acquisitions will also continue as staffi ng remains a challenge,
especially in the science and technology sectors. Commercial
workplace (as a sector) remains weak but moving, mainly because of
expiring leases as well as the continuing downsizing trend.
(732) 438-1600 x101
[email protected]
www.therockbrook.com
New York | New Jersey | Pennsylvania
ROBERT HOLLAND
PRESIDENT
JASON PUCCI
CEO
We have been through many market cycles and the economic changes
that began in 2022 lessened in 2024 as interest rates began to fall and
infl ation decreased. The past year has been one of recovery as the
market improved and our sales are up nearly 100 percent from 2023.
Despite the cyclical fl uctuations in the market and broader economy,
we continue to do business as we have since 1906. We are knocking
on doors, building relationships and providing our clients with market
information, guidance and service when they need it.
The investment real estate market is resilient, and investors continue
to seek the safe and reliable refuge of investment real estate. The
multifamily market continues to be the strongest commercial real estate
market, and the multifamily rental market remains very strong given
the ever-increasing demand for housing. Other types of investment and
commercial properties in desirable locations also remain in demand.
(732) 750-3000
[email protected]
www.kislakrealty.com
100 Woodbridge Center Drive
Woodbridge, NJ 07095
™ MARKET FORECAST
MATTHEW HARDING
CEO
Available open-air retail space is at an all-time low, and 2025
will continue to see more brands chasing fewer opportunities.
Well-capitalized landlords and their service providers are taking
advantage of the industry’s momentum and stepped-up anchor
leasing to redevelop legacy properties into next-generation
spaces. That strategy is working, as evidenced by sustained
leasing activity with best-in-class, expanding retailers. The most
successful repositionings are emphasizing carefully curated tenant
mixes that meet community needs by blending big names and
independent players across diverse categories with day-to-day
service providers. Space users are drawn to locations that check
all the same boxes for variety while offering great demographics,
easy access and high visibility. On both sides, we are seeing
increased use of new technologies, including AI, in tandem with
traditional tools and talent to inform the decision-making process.
Retail real estate is gearing up for another strong year for property
transformations — and great outcomes.
(908) 755-2401
[email protected]
www.levinmgt.com
975 Route 22 West
North Plainfi eld, NJ 07060
GREG LALEVEE
BUSINESS
MANAGER
The International Union of Operating Engineers Local 825 closed out 2024 on a high
note with full employment for its nearly 8,000 members. Looking ahead, it seems con-
tinued demand for its operators and ongoing graduate successes at our training centers.
Local 825’s heavy equipment operators are building, repairing and maintaining roads,
rails, bridges and our beaches while continuing to work on water mains, cleaning
brownfi elds and preparing for future energy projects.
Recent project updates as they will run into 2025 include:
The Tonnelle Avenue Bridge and Utility Relocation Project is more than 50 percent
complete, according to the Gateway Development Commission. It is expected to be
completed in the new year!
The $107 billion New Jersey Turnpike expansion plan replaces the existing Newark
Bay Extension Bridge with two spans, one for eastbound traffi c and the other for west-
bound vehicles. This construction would be a major step forward for improving traffi c
fl ow throughout the region and is vital for commercial and residential developers as
well as commuters. Leading to the Holland Tunnel is on the drawing boards.
The Gateway Tunnel Project — the fi rst of three massive arched spans was fl oated on
a barge down the Hackensack River and set into place on the new Portal North Bridge.
The spans are approximately 400 feet long, 85 feet tall and about 55 feet wide. Two
additional 2,500-ton spans are also scheduled to be fl oated down the Hackensack River
on barges in the coming weeks to support the new bridge, a critical segment of the
Gateway Tunnel Project designed to upgrade train service along the Northeast Corridor.
Our highly trained and experienced workers are ready to start ‘day one.’
(973) 671-6900
www.iuoe825.org
[email protected]
65 Springfi eld Ave.
Springfi eld, NJ 07081