CAPRE’s Northern New Jersey & Gold Coast Investment Outlook 2019 | CapRate Events, LLC | 20 June 2019 | Maritime Parc , 84 Audrey Zapp Dr, Jersey City, NJ 07305, USA

The New Jersey Gold Coast, loosely defined as the geographic region from Bayonne in the south to Fort Lee in the North, has rapidly ascended into a world-class real estate market following the last economic downturn. Earning the name “Gold Coast” due to its view of and proximity to Manhattan, this region’s real estate values and rental rates have soared. They are now on par with many boroughs of New York City.

Many experts argue that this region’s real estate market is tied to the performance of New York City and its growth is in line with Brooklyn and sections of Queens. Completion of the World Trade Center and the related shift from Midtown-to-Downtown that occurred had a positive effect on the interest and growth in Jersey City. Moreover, Jersey City has also benefited from priced-out Manhattan and Brooklyn residents who sought better value and a lower cost of living. However, following several years of consistent growth, the region may be at an inflection point.
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With the softening in New York City, Gold Coast high-end multifamily rental and for-sale product has also witnessed a pricing reduction. Gold Coast multifamily for-sale product is sitting on the market for a significantly longer period of time in 2019. While overall value remains strong, many are questioning the inevitable: With recent interest rate hikes, the yield curve flirting with inversion, and the oversupply in Manhattan and Gold Coast luxury product, will we see a major shift in the market?

Challenge creates opportunity. Could an economic downturn spark a reboot in pricing and a new buying frenzy for assets in Hoboken, Jersey City and West New York? Or will this market continue to see stagnant, slow or even steady growth in the coming years? And how will the rental market hold up in the next 3-5 years? Join CAPRE’s Seventh Annual New Jersey Gold Coast Investment Summit on June 20 for important industry discussion, debate and networking.

2019 Speakers

Shergoh Alkilani
Principal, Alkova Companies

Adam Altman
Managing Director, Partner, Kabr Real Estate

Matthew D. Ascher
Director, Northwestern Mutual

Dennis Cieri
Principal, Eden Property Company, Llc

Jose Cruz
Senior Managing Director, Hff

Peter Cunningham
President, Hoboken City Council (Tentative)

Mark Delillo
Managing Partner, Bluegate Partners

James Driscoll
Senior Vice President - Development, Waypoint Residential

Josh Eitingon
Managing Partner, Dxe Properties

Charles Epstein
Vice President of Development, Lennar Multifamily Communities

Paul Fiorilla
Research, Yardi Systems

Francesca Giarratana
Division Chief, Hudson County Planning

Michael Goldstein
Managing Director and Partner, the Kabr Group, Llc

Jacky He
Chief Executive Officer, Dmg Investments, Llc

Alexander Heil
Chief Economist, Port Authority of Ny & Nj

Joe Hercenberg
Managing Director - Capital Markets, Walker & Dunlop

Diego Hodara
Principal, Titanium Realty Group Llc

Maurice Hornblass
Co-founding Partner, Hornrock Properties

Ben Korman
Chairman and Chief Executive Officer, Lotus Equity Group Llc

John Randall
Senior Vice President, Pccp, Llc

Stuart Z Koperweis
Vice President, Center for Creative Placemaking; President, Economic Development Strategists

Peter Lewis
Chairman and President, Wharton Equity Partners

Kevin Mcgowan
President, Mcgowan Corporate Real Estate Advisors

David Minno
President, Minno & Wasko Architects and Planners

Joseph a. Panepinto Jr.
President, Panepinto Global Partners

Daniel Schoenbaechler
Real Estate Sales Agent & Syndicator, Keller Williams

Daniel Schuchinsky
Real Estate Acquisitions, Jp Morgan Chase

Jonathan Schwartz
Principal, Bne Real Estate Group

Ryan Severino
Chief Economist, Jll

Gabriel Shiff
Chief Operating Officer of Roseland Residential Trust, a Mack-cali Company

Paul Silverman
Principal, Silverman

Ron Simoncini
President, Axiom Communications

Vivek Singh
Principal, Singh Properties

Russell Tepper
Senior Managing Director, Northeast, Mill Creek Residential Trust

George Vallone
Founder & President, Hoboken Brownstone Company

Brian Whitmer
Senior Director, Cushman & Wakefield

David Wolfe
Managing Partner, Skoloff & Wolfe, P.c.

2019 Sponsors

• Axiom Communications
• BlueGate
• Chiesa Shahinian & Giantomasi
• Cushman & Wakefield
• Dresdner Robin
• Genova Burns
• HFF
• Jersey Digs
• Marchetto Higgins Stieve Architects
• Mill Creek Residential Trust
• Minno & Wasko Architects and Planners
• Peak Environmental
• Property Owners Association
• The Real Deal
• Real Estate NJ
• Skoloff & Wolfe
• Yrpeny