Industrial Real Estate: Analysis of Demand-Supply, the Influx of New Capital, Cap Rate Compression and Improvements in Pricing: Could the Regional Industrial Markets in NJ and PA Become Oversupplied with Speculative Development?
The Second Annual Northeast Industrial Real Estate Summit is New Jersey and Pennsylvania’s only full-day CRE event in the fall of 2014 focused exclusively on industrial development and investment activities. The conference will feature 50 speakers in 10 panel discussions and 400+ are expected to attend, including: the leading industrial real estate developers, investors, equity sources, debt sources, logistics executives and tenants from the northeast and around the nation. 250 senior-level executives and decision-makers attended the inaugural summit in 2013; 400+ are expected in 2014.
ARE YOU ACTIVE IN INDUSTRIAL REAL ESTATE? The northeast region, notably New Jersey, boasts one of the largest industrial markets in the nation, with easy access to New York City, Philadelphia and other metropolitan regions. The region is home to Port Newark, where officials have plans to invest $500 million into expansion before 2030, doubling the number of containers moving through the terminal.
The Second Annual Northeast Industrial Real Estate Summit will feature expert speakers who will discuss the region’s most important trends, patterns, opportunities and challenges, including:
- Analysis of the most active industrial real estate investors and equity sources in the northeast: Who is buying and why? Why is JV equity becoming more active, for what types of deals, and how are these deals structured?
- Analysis of new and emerging debt sources: Analysis of CMBS, life companies, crowdfunding, banks and other sources and their play in industrial deals
- Federal and state regulations and how they could impact the industry: What are the current (and future) measures and how may they positively-or-negatively affect operations and future industrial real estate investment?
- New tax incentives for developers and operators and how to incentivize infrastructure improvements in the region: Analysis of the public sector’s important role in the industry
- The impact of E-Commerce on the industrial real estate sector: Amazon, Amazon and (the next Amazon?)
- Analysis of demand-supply in the New Jersey markets: Analysis of Newark, Jersey City, Paterson, Edison and other industrial destinations
- Analysis of demand-supply in competing markets, including Eastern Pennsylvania: Exploring the advantages and disadvantages of operating in the Commonwealth
“Currently, in the industrial market, we have limited supply of A product in gateway markets. A trend is the focus on speculative development to generate greater risk-adjusted returns, We are back to peak-level pricing in a couple of transactions,” Peter Schultz, Executive Vice President – East Region, First Industrial Realty Trust
“Industrial is the darling asset type of the real estate market due to strong user demand and a robust supply of equity and debt capital for projects. Users are taking advantage of the market opportunity to derive a greater percentages of sales via e-commerce and manufacturers are moving more functions closer to home in the United States. Enabling this market is a voracious drive by the investment community to find yield and a great target is the single tenant net leased asset created by a long term credit tenant. In addition, the macro environment is changing with the widening of the Panama Canal and shippers have more choice on locations. All of this boils into a very dynamic national industrial market as changing uses, capital, and competition among the ports is creating waves of opportunity and change. Join us on September 23 to learn more,” Kevin McGowan, CCIM, SIOR, President, McGowan Corporate Real Estate Advisors.
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