NJ League of Municipalities Educational Foundation to present forum on reinventing NJ’s suburban office market

June 26, 2013

New Jersey experienced one of the greatest suburban office building booms in history during the 1980s.  Our globally recognized core economic specialization was automobile-dependent suburban office campuses, the nation’s cutting-edge growth model at the time.  But, this office empire is now between 23 and 33 years of age.  It is not only aging, but in many cases it is obsolete.  Information technology, globalization, and demographics have changed the very internal functions of office buildings, and their preferred locations.  Municipalities facing declining office ratables must work with developers to reimagine the suburban office campus.

On Friday, July 12 the New Jersey League of Municipalities Educational Foundation will present a forum, “Reinventing New Jersey’s Obsolete Suburban Office Campus – The Local and Statewide Impacts,” where attendees will learn about the 21st century office market, examine properties that have been reinvented, and discuss the many issues stemming from the new market realities.  Participants will also learn how to be proactive to reinvent the office campus in your community, preserving rateables, jobs, and infrastructure.

The event will be held at the Edward J. Bloustein School of Planning and Public Policy on the campus of Rutgers, The State University of New Jersey. Registration is required. Questions about registration should be directed to Suzanne Delany at sdelany@njslom.org or 609-695-3481, ext. 111. Visit http://njlmef.org/events/ for additional information.

AGENDA

8:30 AM Registration, networking.

9:00 AM Welcome:  Arthur R. Ondish, President, League of Municipalities Education Foundation, Mayor, Mount Arlington

Setting the Stage: Twenty-First Century Office Market Realities

  • James W. Hughes, Dean, Edward J. Bloustein School of Planning and Public Policy
  • Gil Medina, Executive Vice President, CBRE Brokerage Services

Reimagining Obsolete Properties and Suburban Campuses

  • Sam Morreale, Managing Partner & Chief Investment Officer, Vision Equities
  • Eugene R. Diaz, Principal, Prism Capital Partners
  • Ralph Zucker, President, Somerset Development
  • Peter J. Cocoziello, President and Chief Executive Officer, Advance Realty

Question and Answer

Concerns, Imperatives, and Future Strategies

  • Peter S. Palmer, Director, Somerset County Board of Chosen Freeholders
  • Joseph J. Maraziti, Jr., Esq., Partner, Maraziti, Falcon & Healey
  • Richard F.X. Johnson, Senior Vice-President at the Matrix Development Group
  • Michael G. McGuinness, Chief Executive Officer, New Jersey Chapter of NAIOP (National Association of Industrial and Office Properties)
  • Ronald F. Francioli, Mayor of Hanover, NJ

Question and Answer
1:00 PM Closing Remarks

  • William G. Dressel, Jr., Executive Director, New Jersey State League of Municipalities

1:00 p.m.-Adjournment-Lunch on your own at nearby restaurants.
 IN CASE OF INCLEMENT WEATHER OR CANCELLATION: We will announce emergency seminar cancellations via recorded announcement on our Weather Hotline: 609-695-3481 ext. 200 and post announcements on website www.njslom.org  after 6:00am on the morning of the meeting. Please note:  If an event is cancelled by the NJLMEF registration fees will be refunded in full. Modification of events will not be cause for refunds.

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