News
OPPORTUNITY RINGS IN SOUTH JERSEY
May 31, 2012
| Thanks to 250 of you that joined us for breakfast at our Future of South Jersey Real Estate yesterday (take that, Denny's), featuring stellar panels: one each from the public and private sectors. |
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| Here's Roy Kardon of sponsor NAI Mertz, who utilized a slideshow and a pseudo-comedy routine to kick off what was perhaps the most entertaining and positive message of the day: opportunity is once again ringing in Southern NJ. "Things are happening, we're making deals, and that's good," he says. |
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| Here's moderator Sandi Kelly of sponsor Camden County, with South Jersey Port Corp director Marlin Peterson. A 25-acre recycled metal facility is coming to Camden's Balzano Marine Terminal, Marlin says. And at the nearby Broadway Terminal, a 300k SF parcel is being built on port property. Marlin's prediction: businesses that need to be situated near East Coast load centers will almost certainly begin to relocate nearby. |
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| Also on the first panel was Margie Piliere of the New Jersey EDA. The organization provided incentives to create 23,000 jobs between 2010 and 2011. Of course, the EDA also focuses on job retention and business attraction, and as Margie says, "We're the masters at programs, let me tell you." To learn about New Jersey's hundreds of business, finance and real estate-related economic incentives, stop by njeda.com. |
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| Campbell's Soup real estate VP Richard Landers (right) kicked our public sector panel into gear with a video of Campbell's corporate HQ in Camden, which in 2010 enjoyed a $125M renovation. (He didn't bring any Chunky Beef Soup, but we'll forgive him.) Charlie Walters of Pureland (middle) recently experienced a nice economic bounceback: He just sold a tract parcel at $100k per acre; a similarly sized tract went for just $90k per acre three years ago. "It's coming back," he says, referring to the region's slowing-growing economy. |
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| Check back on Tuesday to hear more from the event's other public sector panelists, including Conifer Realty's Sam Leone (left), who says Conifer is "experiencing tremendous demand for our apartments across the Eastern Seaboard, but particularly in New Jersey." Conifer's South Jersey multifamily properties, Sam says, are more than 95% occupied. |
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| We call it a pre-game schmooze for a reason people. Here's Timothy Bogert (right) of valued sponsor Pfister Energy gettin' down to business with Gregory Liakakos of Innovative Commercial Interiors. |
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| Patrick Sweeney of valued sponsor NAI Mertz with CoStar's Leigh Ann Hochman. |
