(To register for RealShare New Jersey, clickhere)

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NEW BRUNSWICK, NJ-The RealShare New Jersey Freeview, part of ALMReal Estate Media Group's webinar series, gave insight and a tasteof topics and panels for the upcoming RealShare New JerseyConference happening on October 6th, 2010 at the HyattRegency in New Brunswick. The webinar, moderated by EliotMarkowitz, consisted of a panel of experts who will be part oflarger panel discussions at the October event. The group touched onthe driving issues in New Jersey today. The panel was: MichaleFasano, Marcus & Millichap's regional officer for New Jersey;Alyson Grala, managing editor of Real Estate Forum and GlobeSt'smidatlantic editor; Michale McGuinness, NJ NAIOP's executivedirector; and Jeff Hipschman, senior managing director at CBRichard Ellis.

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Grala explained that no market trends were holding sway overwhich properties were trading, rather deals are getting doen"lender by lender, property by property." She also explained thatNew Jersey's lack of overbuilding has helped sustain the statebetter than contemporaries such as Florida or California, notingthat the Garden State had "few peaks, so the valleys aren't thatdeep."

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Fasano concurred and added that it is helpful to have a goodidea of how the state is moving forward, as opposed to the previoustwo years where industry professionals were "challenged to findwhat the next six, 18 and 24 months would bring us." He noted thatmuch of the discussion to happen at the upcoming RealShare NewJersey would focus on the state's through-line for the next fewyears, but for right now, agency and commercial banks were leadingthe way with financing.

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Data Centers were a bright spot amid the downturn for the state,explained Hipschman. New Jersey was seeing a lot of interest fromNew York City, particularly financial services industries, whichneeded quick and reliable storage for their data. Essentially, theplaces were "shopping for power" not necessarily capacity. NewJersey has a high concentration of fiber optics and, asimportantly, not a lot of disruptive neighbors, which he says, isan important aspect of data storage. Hipschman will further breakdown how to choose the proper location for data center investmentat RealShare New Jersey.

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McGuinness has his eye on governmental policies. He sees somepositive indications, but feels that New Jersey must promote andincentive a "paradigm shift" to its view of waterways and cities ascritical resources, as well as refocus the state's environmentalstance. His panel at RSNJ will focus on how to make a projectshovel-ready. Some of the incentives being pushed are a municipaltax abatement, which will push jobs, but require a departmentalcoordination that has yet to materialize.

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(To listen to a replay of the Freeview webinar, pleaseclickhere)

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