Reinventing New Jersey’s Obsolete Suburban Office Campus –
The Local and Statewide Impacts

July 12, 2013
8:30 a.m. – 1:00 p.m.

Special Events Forum
Edward J. Bloustein School of Planning and Public Policy
Rutgers, The State University of New Jersey
33 Livingston Avenue, New Brunswick, New Jersey, 08901

CEUs: CMFO/CCFO-4.0 Office MGMT; RMC-4.0 Professional Development; CPA-4.0 Taxation; CTA-TBD

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  It is not only aging, but in many cases it is obsolete.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. 

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.  Learn how to be proactive to reinvent the office campus in your community, preserving rateables, jobs, and infrastructure.

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.