News
MULTIFAMILY MONDAY: Across the River
April 18, 2011
| Investment’s back for all types of product in New Jersey, but there’s been a particular interest in affordable housing, we learned from Cole Schotz real estate co-chair Michael Leighton, who'll be moderating Bisnow’s inaugural “The Future of New Jersey’s Urban Centers” event at Hoboken’s Waterfront Corporate Center April 27. |
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| There's a huge need for modern affordable housing in NJ—much of the stock was built in the 1970s and needs to be updated and rehabbed, Michael says. The urban markets are seeing financing from public-private partnerships to improve these properties, while the local governments are also helping in unconventional ways: counties are floating low-rate bonds, cities are granting partial tax abatements, and states are shepherding programs that will allow for modernization. To hear more, join Michael, moderator Glenn Brill of FTI Consulting, and our all-star panelists: SJP Properties founderSteve Pozycki, Mack-Cali president and CEO Mitchell Hersh, HFF senior managing director Jose Cruz, and AvalonBay VP of development Ron Ladell. Great schmoozing too! Register here. |
