Real Estate New JerseyReal Estate Forum

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"I think the emphasis will indeed be on the ramifications of theWall Street situation and the economic turmoil in general on NewJersey," says Richard Kelley RealShare conference series director.This is our first RealShare program since the crisis began, and itwill be very interesting to see what people have to say."

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The event's Town Hall Meeting, always a frank and very topicalsession, has in the past covered a range of issues, but discussionsamong panelists prior to this year's event all suggest that thisyear it will come down to one thing--the financial crisis. Thatsubject and its impact on real estate will be thoroughly examinedby Mitchell Hersh, president and CEO of Mack-Cali Realty Corp.;David Cohen, Northeast regional director for GE Real Estate; RaySohmer, senior managing director at CB Richard Ellis; Peter Sudler,president of Sudler Cos.; and Charles Klatskin, managingdirector-industrial for Jones Lang LaSalle.

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"How will the financial debacle affect our businesses?" Klatskinasks. "How is this affecting the value of real estate? And how isthis different from the 1970s? Because everyone is comparing thisto the 1970s."

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Gov. Jon Corzine is still scheduled to provide the event'skeynote address. He will discuss New Jersey's competitiveness forbusiness, and indeed, his remarks will be a prelude to a speech,later in the day, before a special session of the state legislatureon a new package of tax and other financial incentives that havejust been introduced in Trenton. His remarks will similarly comeunder the shadow of the financial crisis, and Corzine, of course ishimself a former CEO of Goldman Sachs.

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And the program's other sessions are also likely to take on awhole new spin under that financial shadow. "Finding Clarity in theCapital Markets;" "Opportunistic Investment;" "The Outlook forLeasing, Investment and Development" in the office and industrialmarkets; as well as a legislative update by the Smart GrowthEconomic Development Coalition" will all take on new meaning thisyear.

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