2A — August 25 - September 14, 2017 — M id A tlantic
Real Estate Journal
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M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer . .............Linda Christman AVP, Conference Producer ...........................Lea Christman Associate Publisher ......................................... Steve Kelley Associate Publisher ........................................... Kim Brunet Senior Editor/Graphic Artist ..........................Karen Vachon Office Manager ............................................. Miriam Buttrick Contributing Columnists ...... Sheldon Gross, Brenner Green, ...................................................................and Glenn Ebersole Postmaster send address change to: Mid Atlantic Real Estate Journal 350 Lincoln St, Suite 1105, Hingham, MA 02043 USPS #22-358 | Vol. 29 Issue 16 Subscription rates: $99 - one year, $198 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Phone: 781-740-2900 | Fax: 781-740-2929 www.marejournal.com The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal Mid Atlantic R eal E state J ournal ~ Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices
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2017-18 CRE ® Top Ten Issues Affecting Real Estate S heldon Gross Realty, shared just-released in- formation about impor- tant business disruptors – the issues and trends impacting U.S. commercial and residential real estate. Sheldon Gross, pres- ident and CEO of the agency, is a member of The Counselors of Real Estate ® (CRE), the global professional association which annually announces The CRE ® Top Ten Issues Affecting Real Estate, an update of market trends and conditions which in- fluence real estate opportunities and risks. Members of CRE are recognized property experts who provide specialized and objec- tive advisory services to clients; membership is by invitation. “Political polarization and global uncertainty lead the 2017-18 list because divisive- ness – which is occurring at all levels (and is fueled by news headlines, political be- liefs and budget constraints) – makes decision making dif- ficult,” explains Gross. “Global uncertainty is also creating challenges for investment and employment in non-U.S. mar- kets, and could negatively impact foreign investment in U.S. properties.” Other issues include the tech- nology boom – causing extraor- dinary changes in how real estate is bought, sold, valued, and managed. Robotics, pre- dicted to replace up to 47% of today’s jobs, clearly will have a serious impact on everything from housing and retail to business offices, tenants and leasing. Two distinct genera- tions – the Baby Boomers and NEW JERSEY — North- Marq Capital announced that David Mindnich and Kris McKay have joined its Morristown office serving as vice presidents. David Mindnich. In his new role at NorthMarq, Mindnich will be responsible for the origination of debt and equity financing for all types of com- mercial real estate transac- tions. Mindnich comes to the Morristown team after four years with C.H. Kauffman & Associates where he was an originator. Prior to C.H. Kauff-
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Millennials – that live and work side-by-side, now also present challenges in that they have quite different preferences in the kinds of offices in which they wish to work, as well as housing choices. The other disruptors on the CRE Top Ten Issues list are: • Retail disruption – with malls and downtowns adapt- ing to nationwide store clo- sures with new kinds of ex- perience-driven offerings and the reinvention of the grocery stores which have anchored many upscale shopping malls. • Infrastructure investment – such as bridges, ports, and roads, which are now attract- ing new private investors. • Housing: the big mismatch – affordability at all levels is challenging home ownership and even who can rent and where. • Lost decades of the middle class – including wage stagna- tion that significantly restricts purchasing power and home ownership. • Real estate’s emerging role in health care – illustrated by increasing demand for buildings to be designed and operated in ways that promote positive healthy outcomes. • Immigration – restrictions man, David spent 20+ years on Wall Street as an Institutional Corporate Bond Broker inNew York City. David is a licensed Real Estate Salesperson in New Jersey and holds a Bach- elor degree in Finance from Rutgers University. Kris McKay. Joining North- Marq, McKay will special- ize in the origination and placement of debt and equity financing for clients. McKay has 15 years of commercial real estate experience and joined Northmarq in 2017 from C.H. Kauffman & As-
could negatively impact this large source of residential ten- ants and home buyers. • Climate change – focusing this year on sea level rises as a serious threat to property values in many parts of the U.S. should the trend in rising water levels continue. The full list of issues and trends with explanations and interpretations can be found on The Counselors of Real Estate’s website. The Counselors of Real Es- tate organization is known for thought leadership, objective insights and extraordinary professional reach, with more than 50 real estate specialties represented among its mem- ber experts who are admitted to the organization by invita- tion. Members contribute to development of the Top Ten Issues Affecting Real Estate by participating in the CRE External Affairs (Issues and Trends) initiative. Based in West Orange, NJ, and licensed in New York State, Sheldon Gross Realty, Inc. offers clients a broad array of special- ized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. n sociates, where he worked as an originator. Kris holds a Bachelor’s degree fromMount Saint Mary’s College and M.B.A in Finance and Real Estate from American Uni- versity. He is a licensed real estate salesperson in the state of New Jersey and is affili- ated with numerous industry organizations including ULI, NAIOP and ICSC. “We are pleased to have David and Kris join the team,” said Gary Cohen , senior VP/ managing director based in NorthMarq’s NJ office. n
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