Dec. 3: NAIOP New Jersey to Present Seminar on "New Life for Distressed Properties"

Top Quote Speakers will focus on Preparing Properties to meet Expected Post-Recession Demand. End Quote
  • Newark, NJ (1888PressRelease) November 13, 2010 - The Great Recession may be over, but recovery has been slow, leaving commercial real estate vacancies high and jobs scarce. It is a time of introspection, when existing buildings and the market require careful analysis. On December 3, at The Heldrich in New Brunswick, the New Jersey Chapter of NAIOP, the commercial real estate development association, will present "New Life for Distressed Properties: How to Repurpose your Assets to Meet Emerging Market Demand and Access new Tools to Help Close the Deal."

    The keynote speaker will be Linda Kellner, Director of the Christie Administration's new Business Action Center, a one-stop shop for business retention and attraction, dedicated to assisting new and existing businesses in navigating the regulatory landscape in New Jersey. Its services include direction and support on everything from where to locate or expand, to licensing, business permits and certification processes.

    A panel of industry experts will then discuss the repurposing of assets to meet emerging markets (medical, education, data centers, etc.), where prospective tenants are and what they need, new opportunities, financial strategies for distressed properties, how owners and developers are retrofitting industrial space and accommodating new demands, and the newest programs, tools and incentives available to help. Speakers include Jeff Hipschman, Senior Managing Director of CB Richard Ellis; Michael Pembroke, Senior Vice President, Russo Development; Allison Wilson Maher, Vice President-Healthcare, East Region, Duke Realty Corporation; William Procida, Procida Advisors LLC; and Timothy Lizura, Senior Vice President, New Jersey EDA.

    Registration and networking breakfast begin at 7:45 a.m., followed by the program at 8:30 a.m. To register, or for more information, contact NAIOP New Jersey at 732-729-9900, or

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