12B — July 15 - 28, 2016 — New Jersey — M id A tlantic
Real Estate Journal
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N ew J ersey
NAIOP New Jersey hosts national industrial real estate event Industry experts address trends affecting real estate cycle at I.CON 2016 J
nior vice president and global head of real estate research at Prologis Inc. , and John Morris , executive manag- ing director and logistics and industrial services lead for the Americas at Cushman & Wakefield . “The elements that shape industrial real estate cycles – economy, demand, supply, capital flows and valuations – help the industry learn from the past and prepare for the future,” Machemer said. “However, new factors are shaking up the current cycle and leaving a surge of trans- formation in their wake. Key
among them are e-commerce, urbanization and population migrations, service expecta- tions, climbing inventory ratios, the price of oil, high levels of education and the lack of labor, and the uncer- tain future of retail.” More than 600 industry pro- fessionals attended I.CON, which offers the most up-to- date information and trends presented by the most notable names in the industry. Topics included e-commerce, the lo- gistics supply chain, demand for new industrial develop- ment, and current and future industrial facilities. n MT. ARLINGTON, NJ — Woodmont Properties host- ed a ribbon-cutting celebration at Woodmont West in Mount Arlington, the company’s latest Northern New Jersey luxury rental apartment community. Local officials were in atten- dance including Mount Arling- ton Mayor Michael Stanzilis, along with top executives from Woodmont Properties, including CEO EricWitmondt , president Lewis Zlotnick , and executive vice president and general coun- sel Stephen Santola . The apartment community, already 37% leased, features one-and two-bedroom apart- ments. The apartments fea- ture private patios or balconies and large walk-in closets. “Woodmont West is an excit- ing addition to our community and we’re thrilled to see this development come to fruition,” said Mayor Michael Stanzilis. “With its proximity to some of the best shopping and dining in Morris County, along with its seamless access to public transportation, we’re confident that this apartment commu- nity will be a great success.” Situated on 55 acres in Mor- ris County with easy access to Rte. 80 and other major highways, amenities at Wood- mont West include a resort- style swimming pool and hot tub with sun deck, resident lounge, expansive clubhouse, state-of-the-art fitness center. “This is perhaps one of our most exciting communities yet, offering over 12,000 s/f of indoor activities, often found at the best resorts,” said Lewis Zlotnick. n Local officials join Woodmont Properties at ribbon cutting
ERSEY CITY, NJ — A panel of industry experts shared their insights into trends affecting the indus- trial real estate cycle during I.CON, a national industrial real estate conference that took place on June 9 and 10. NAIOP NJ , the commercial real estate development asso- ciation, co-hosted the event at the Hyatt Regency in Jersey City. Clark Machemer , senior vice president of The Rock- efeller Group and current president of NAIOP New Jer- sey, led the discussion with panelists Chris Caton , se-
Shown from left: John Morris of Cushman &Wakefield, Chris Caton of Prologis and NAIOP NJ President Clark Machemer discuss trends affecting the current industrial real estate cycle at I.CON 2016
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