4-13-18

Real Estate Journal Financial Digest — Appraisal — April 13 - 26, 2018 — 15A

www.marejournal.com

M id A tlantic

P.O. Box 6045 Bridgewater, NJ 08807 Phone: 732-560-0072 Email: metronj@ai-newjersey.org www.ai-newjersey.org Linkedin.com – Appraisal Institute – Metro NJ Chapter Facebook.com – Metro New Jersey Chapter – Appraisal Institute Twitter.com - @MetroNJAI

Congratulations to new designated members : Jennifer Chanese-Barany, MAI, SRA and Raja P. Waran, MAI. Brian A. Chester, MAI, received his AI-GRS, Robert C. Heuner, MAI, received his AI-GRs and Lisa G. Knorr-Heeney, MAI received her AI-GRS. 82 nd Annual Princeton Conference – Friday, April 20, 2018 Princeton Marriott Hotel and Conference Center, 100 College Rd. East, Princeton, NJ This year’s Princeton conference has been approved for 7 CE hours by the Appraisal Institute, New Jersey and New York State Appraisal Boards, the Insurance and Banking Board for 7 hours of CE for Realtors and Brokers, and the New Jersey Tax Assessors Board for 1 Assessor Administrative hour and 6 Assessor Appraisal hours. The program has been submitted to the New Jersey Legal Board for CLE. Download a Brochure and Register at www.ai-newjersey.org Conference Program: 8:30 am State of the Appraisal Industry, Honored Guest: James L. Murrett, MAI, SRA, Appraisal Institute, President Session I sponsored by McKirdy Riskin Olson Della Pelle, P.A. ~ State of the Market The session will review trends in real estate; office, retail, industrial and residential markets. Featuring: Jeffrey G. Otteau, President, Otteau Group Session II sponsored by Valbridge Property Advisors ~ New Jersey Legislation affecting Real Es tate Featuring: Assemblyman Craig J. Coughlin, Esq., Assembly Speaker Session III sponsored by Otteau Group ~ The Economic Situation: Cyclical Status & Fundamental Disruptions The presentation will first examine the cyclical economic position of both the U.S. and tri-state area. Featuring: Dr. James W. Hughes, Ph.D., Professor, Edward J. Bloustein School of Planning & Public Policy at Rutgers University Session IV sponsored by Meehan Valuation ~ Suburban Development The panel will provide an overview of current large projects and the approval process needed for development including zoning and legal regulations planned in Sayreville, Bridgewater and Somerville. Panel Discussion – Moderator: Albert F. Chanese, MAI, New Jersey Realty Advisory Group Featuring: Kevin Polston, Project Executive, North American Properties, Ralph Zucker, President, Somerset Development, Marshall Everett, Vice President of Investment & Development, Advance Realty Session V sponsored by Progress Capital ~ Urban Development The presentation provides an overview of and outlook for urban development in real estate. It will cover the growing demand for housing in the urban markets and as well as how zoning changes and renewed transportation has helped to revitalize these areas.

James L. Meehan, MAI, AI-GRS 2018 Chapter President

Daniel Mistichelli, MAI, SRA, AI-GRS 2018 Chapter VP

Gary M. Wade, MAI 2018 Chapter Treasurer

Panel Discussion – Moderator: Michael Sommer, Executive VP of Development Edison Properties Featuring: Franklyn Ore, Senior Vice President , Newark Community Economic Development Corp ., Timothy R. Greiner, Executive Managing Director, JLL, Chris J. Murphy, Esq., Partner, Murphy Partners, LLP, Jake Pine, Senior Project Manager, L & M Development Partners

Session VI ~ Re-purposing Military Bases Military base closures have become a growing trend on the metropolitan area. The panel will cover how these bases are being incorporated back into the towns, the current state for the demand of primary and secondary property types, and commercial real estate capital markets. Panel Discussion – Moderator: Peter S. Reinhart, Esq., Director & Specialist Professor, Monmouth University, Kislak Real Estate Institute Featuring: James L. Meehan, MAI, AI-GRS, Meehan Valuation , Adjunct Professor Monmouth University, Bruce Steadman, Executive Director, Fort Monmouth Economic Revitalization Authority, and Donald M. Moliver, PHD, MAI, CRE, CTA, Dean, Leon Hess Business School at Monmouth University

Christopher Otteau, MAI AI-GRS 2018 Chapter Secretary

2018 Board of Directors

Continuing Education 7 Hour USPAP Update 2018-2019 – April 25 and December 6 – Holiday Inn Clark, NJ 15 Hour USPAP 2018-2019 – May 11 & 12 – Holiday Inn Clark, NJ Business Practices & Ethics – June14 – Holiday Inn Clark, NJ Uniform Standards for Federal Land Acquisitions, “New” – September 14 & 15 – RVCC, Branchburg, NJ Solving Land Valuation Puzzles – October 2 – Location TBD 16th Annual Fall Conference – October 26 – Holiday Inn Clark, NJ Advanced Education Review Theory General – May 14 - 18 Advanced Market Analysis and Highest and Best Use – August 6 -10 The Metro New Jersey Chapter Education:

John J. Musnuff, MAI Daniel C. Webb, MAI John P. Wilson, MAI, AI-GRS Cynthia Xu, MAI

Jennifer Chanese-Barany, MAI, SRA Joseph H. Cimiluca, MAI David Glaser, MAI Joseph A. Murray, Jr., MAI, SRA

Immediate Past President – Joseph C. Baldoni, MAI

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