I hope you’ll indulge me this morning as I highlight a proud moment for all of us at Real Estate NJ. It came at this week’s Newark Summit, where New Jersey Institute of Technology President Teik Lim addressed the hundreds that were assembled in downtown Newark.
New entrepreneur workshop at NJIT’s Profeta Center marking successful first semester
Paul V. Profeta, the publisher of Real Estate NJ, recently pledged a significant sum of money to New Jersey Institute of Technology in order to launch the minority Enterprise Center at 211 Warren St. on the NJIT campus in Newark. The building has since been named the Profeta Center. The work of the Profeta Center began in earnest this fall with the inception of the “Free Entrepreneurial Workshop” being held Saturday mornings from September through November.
Panel: Newark remains a land of opportunity for housing, business — despite long-term hurdles
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.
Join us June 7 for The Newark Redevelopment Update
Despite billions of dollars in new investment, Newark still trails the likes of Jersey City, Hoboken, Harlem and Brooklyn Heights, which have been transformed by redevelopment and an influx of new residents. When will it finally happen? What still needs to be done?
Hear from the developers and insiders behind the city’s most important commercial real estate projects, as they tackle those questions and more in this must-attend event.
