ULI Northern New Jersey Real Estate Trends 2024

When

2024-03-01
2024-03-01T08:00:00 - 2024-03-01T11:30:00
America/New_York

Choose Your Calendar

    Where

    The Eisenhower 290 W Mount Pleasant Ave Livingston, NJ 07039 UNITED STATES

    Pricing

    Pricing Members Non-Members
    Private $60.00 $80.00
    Public/Academic/Nonprofit $50.00 $70.00
    Retired $60.00 N/A
    Student $25.00 $35.00
    Under Age 35 $45.00 $80.00
    What are the key emerging trends that will shape the real estate market in 2024 and beyond? What does the future hold for real estate investment and development? What do industry leaders say about the outlook for U.S. real estate property sectors, metro areas, finance and capital markets, and other real estate issues? What are the findings from the 45th annual Emerging Trends in Real Estate® survey, interviews, and focus groups? Released in late October, Emerging Trends in Real Estate® , undertaken jointly by PwC and ULI, is based on insights from hundreds of industry leaders and is the most highly regarded and widely read forecast report in the real estate industry. Come hear a lively, provocative, wide-ranging discussion on national trends and have the chance to ask your own questions.

    A moderated local panel discussion with our area's leading real estate professionals will follow as they discuss and react to the report's findings as it pertains to our local market.
     
    Speakers:
     
    Haley Anderson
    Director, PwC

    Jose Cruz
    Senior Managing Director, JLL

    Jude Mason
    Managing Director, KABR Group

    Sal Garcia
    Principal , MAS Development Group

    Eric Wald
    Managing Director, J.P. Morgan
     

    AICP CM currently pending

     Event Sponsor:
     
     

    Speakers

    Jose Cruz

    JLL-Capital Markets

    Nov 2008 JOSE R. CRUZ EXECUTIVE DIRECTOR, CAPITAL MARKETS GROUP Mr. Cruz serves as an Executive Director of C&W's East Rutherford, New Jersey Investment Sales Group. He is responsible for marketing investment property, valuing institutional quality real estate, and property tours. Mr. Cruz is also responsible for providing analytical support, reviewing financial statements and examining lease information. Since 1997, Mr. Cruz has been involved in more than $12.0 billion of office, industrial, retail, multifamily and land sales. Mr. Cruz has been involved in several notable transactions including the sale of the 1.3 million square foot Starwood retail portfolio for $135 million to Inland Real Estate; the sale of the 1.2 million square foot Rockpoint/Allegiance Office Portfolio for $115 million to LaSalle, and the $75 million sale of 201-multifamily units from Korman Communities to Investcorp. Mr. Cruz and his partners have been the recipients of the 2000, 2001, 2004, 2005 and 2006 New Jersey NAIOP "Deal of the Year Award." Prior to joining the Investment Sales Group, Mr. Cruz was the Northeast Area Manager for the Research Services Department within C&W. He was responsible for overseeing a staff of twelve individuals that compiled detailed quarterly and yearly analytical market reports on the New York and New England areas. Prior to joining C&W, Mr. Cruz was a real estate analyst with PaineWebber, UBS, Inc. Mr. Cruz graduated from Rutgers University in 1991 with a bachelor's degree in Financial Economics and Real Estate Development. He obtained his MBA in Finance at Fordham University, with concentrations in Real Estate and Investments. Mr. Cruz has also received his Master of Science degree in Real Estate from Columbia University. He is currently a member of Pension Real Estate Association (PREA), Urban Land Institute, International Council of Shopping Centers (ICSC), New Jersey Apartment Association (NJAA) and National Multifamily Housing Cou

    Salvador Garcia

    MAS Development Group LLC

    Salvador José Garcia is founder and Principal of MAS, a vertically integrated real estate company focused on urban redevelopment. Sal’s strong commitment to the community, firm ethical stance, and resolve for success has contributed to the continued growth of MÁS from its origins as a construction company, to its position today as a full-service real estate organization with in-house development, construction, property management, and financing capabilities for large-scale, mixed-use development projects.​ A son of Cuban refugees who settled in Elizabeth, N.J., Sal is passionate about revitalizing the region’s urban centers with forward-thinking development. Today, MAS specializes in identifying underutilized lower-income and disadvantaged cities that are ripe for investment.​ Sal began his career in real estate at the age of 17, when he launched a small construction company that focused on residential and commercial interiors, painting and property management. He soon recognized that there was little investment happening in his own home city of Elizabeth, and set out to purchase multi-family residential buildings in the city’s rougher neighborhoods with the goal of reinvesting in his community. He quickly earned a reputation for his willingness to take on projects that others deemed too challenging, purchasing dilapidated real estate and successfully re-positioning them to become cash-positive properties that enhanced the neighborhood.​ The company has since expanded into the commercial and mixed-use sectors, developing build-to- suit, triple-net- lease properties for the nation’s leading retailers, and more recently, ground-up luxury apartment communities that incorporate full-service lifestyle amenities and integrated retail offerings. ​Throughout the company’s evolution, MAS has adhered to the philosophy instilled in Sal by his father, that “there are no problems, only situations”. This ideology is memorialized on a bronze plaque that hangs proudly at the entrance to MAS’ corporate offices, and is the hallmark of the company’s continued success.

    Jeff Mooallem

    EVP & COO, Urban Edge Properties

    Jeff Mooallem joined Urban Edge in January 2023 as EVP and Chief Operating Officer. He previously served from 2017-2023 as President and Chief Executive Officer of Gazit Horizons, Inc., a New York based subsidiary of publicly traded G-City Ltd. During his tenure at Gazit, the company developed and acquired over $1 billion of urban, mixed-use assets. Jeff also served as Managing Director at Federal Realty Investment Trust, as Regional President at Equity One, Inc. and as Senior Vice President at Miami-based Turnberry Associates. Jeff has over 20 years’ experience in the operation, development, acquisition and leasing of large scale, retail properties throughout the United States, and is a licensed attorney in both Florida and New York. Mr. Mooallem graduated from Boston University and received his law degree from Fordham University School of Law. He is a member of ICSC and the Urban Land Institute and a frequent speaker on issues impacting retail real estate.

    Eric Wald

    Managing Director, J.P. Morgan Asset Management

    Eric Wald, Managing Director, is the Co-Head of the Northeast Investment Team within J.P. Morgan Asset Management - Real Estate Americas. He joined the firm in 2009 and leads a team responsible for the underwriting, structuring, and closing of direct real estate investments in the Northeast region of the United States. His experience includes closing transactions in the office, industrial, multifamily, and mixed-use sectors, in addition to industrial outdoor storage investments across the United States. Eric holds a Bachelor of Science degree in Finance with a minor in International Studies from Bentley University and passed Level 1 of the CFA exam. He is a member of Urban Land Institute New York's Housing Council, NYC Builds Bio, and the National Multifamily Housing Council.