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DENHOLTZ WEALTH EXCHANGE
want to do more with promoting
good ideas that come from the
industry to make what we do easier
and more viable.”
Our October issue also details how
offi cials in Englewood Cliffs moved
quickly to fi ll the void that would be
left by Unilever, a longtime tenant
on Sylvan Avenue, by convincing
Samsung Electronics America to
take over the offi ce building that
the consumer goods company
was leaving behind. They said as
much in late September during
a ribbon-cutting for the global
electronics giant, which relocated
from Ridgefi eld Park, recounting
the combination of advocacy and
business-friendly policies by Mayor
Mark Park and his team that helped
seal the deal for the 325,000-square-
foot property.
You can fi nd those stories and
more in the latest edition of Real
Estate NJ, including a collection
of Q&As from our third annual
Owners Council. Our thanks to
the developers that have returned
to participate in this must-read
section — part of a special content
e wa “We want to
EDITOR ’S
NOTE
HIGH STAKES
FOR CRE
Dan Kennedy was both colorful
and matter-of-fact — and his point
was well made — as the NAIOP
New Jersey CEO discussed the
commercial real estate association’s
focus around the upcoming
gubernatorial election and the
ensuing lame duck session in
Trenton. As
he explained
recently, the
chapter was
tracking more
than 30 bills
“that range
from annoying
to terrifying
in terms
of impacting the growth of
warehouse development in the
state,” highlighting just how high
the stakes are and will continue to
be for the industry in the months
ahead.
“There’s a lot of risk and
opportunity during lame duck,
so we’re getting ready for that,”
Kennedy said during an interview in
late August.
It should come as no surprise that
re do more with
advocacy, one of the chapter’s core
missions during its 55-year history,
promoting good promoting good promoting good
is a pillar of the four-year strategic
ideas that come
plan that it unveiled at the start
of 2025. That’s critical as voters
decide whether Jack Ciattarelli
or Mike Sherrill will succeed Gov.
Phil Murphy, as you’ll read in this
month’s cover story, as are other
key goals that the association has
outlined after an organizational
assessment in early 2024. The
blueprint also calls for creating
new value for NAIOP members
and improving the perception that
public offi cials, residents and other
outside stakeholders have of the
commercial real estate sector,
along with elevating the chapter’s
position in the industry, enhancing
partnerships with academia and
expanding its community service
programs.
“We are aspiring to not just be good
at playing defense with bad ideas in
Trenton,” Kennedy added, speaking
alongside Greek Real Estate
Partners’ Matt Schlindwein, NAIOP
New Jersey’s chapter president. “We
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UPCOMING DST OPPORTUNITY
ake wh make what
as we do easier and
more viable more viable.”
partnership program for those that
advertise with us — for giving us
their outlooks on the market and
explaining how they plan to adapt,
leverage technology and potentially
explore new asset classes in 2026.
We’re excited to share those
answers and others — including
our council’s go-to meals, dream
vacations and trends that they hope
never come back — and hope you
enjoy the Q&As as much as we did.
Until next time, thanks for reading
and enjoy the issue!
Joshua Burd
Editor
[email protected]
+: 5) 1+75641( 1 +56
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