ROI Influencers: Real Estate 2023 — Top 20

1 John Saraceno; Jonathan Schultz
Co-managing partners
Onyx Equities

Read the full article on Saraceno and Schultz here.

2 Chris Paladino
New Brunswick Development Corp.

Being the master developer of the HELIX site in New Brunswick, which aims to be a central player in translational research in life sciences, is monumental — but only one of the many projects Devco is handling.


3 Steve Pozycki
SJP Properties

His M Station project in Morristown, which landed Sanofi, is huge – as is the new headquarters for Valley Bank, just a few blocks away. SJP also is a major player at the HELIX in New Brunswick.


4 Ed Russo
Russo Development

For all he’s doing in multifamily – his top-of-the-line Vermella is everywhere – he’s still a leader in industrial (see 211,287-square-foot Class A facility in Kearny). Last year’s No. 1 doesn’t fall far.


5 Jose Cruz
Senior managing director

At a time when deals are slowing – and pipelines are shrinking – no one in the state is doing more than Cruz and his top-rated team, with the 1.2 million-square-foot deal in East Hanover for $217.5 million earlier this month being the latest.


6 Wasseem Boraie; Sam Boraie
Boraie Development

They’ve been busy: Their marquee project, 777 McCarter, will be a game-changer in Newark (where the firm already has announced a 333-unit project on the riverfront). Then, there’s the 30-story, 342-unit luxury apartment tower just announced for New Brunswick.


7 Jeff Milanaik
Northeast region partner
Bridge Industrial

Next huge project for state’s top industrial developer will be in Perth Amboy, where Bridge recently broke ground on BridgePort II, a 1.04 million-square-foot logistics complex on a brownfields site that will complement the 1.3 million square feet in first phase of project.


8 Frank Greek; David Greek
President; Director of acquisitions
Greek Development

Recently announced 644,000-square-foot warehouse to be built on old Nabisco factory on Route 208 in Fair Lawn is latest project for developer with more than 3 million square feet in its pipeline.


9 Jeff Dunne; Andy Merin
Vice chairman; Executive vice chairman
CBRE; Cushman & Wakefield

Longtime top-shelf brokers and their veteran teams worked together on the disposition of the Harborside portfolio on behalf of Veris Residential. To date, the teams have arranged $524 million worth of sales for Harborside 1, 2, 3, 4 and 6.


10 Gretchen Wilcox
CEO and president
G.S. Wilcox & Co.

At a time when money is tight and financing is difficult, Wilcox continues to be a leader in helping deals get completed.


11 Mike Sacro
Market officer for N.Y./N.J. region

In August, the prolific industrial developer added a 436,000-square-foot property in Somerset and a 125,000-square-foot property in Teterboro – and named Sacro head of a region where Prologis controls more than 55 million square feet.


12 Nick Cangelosi
Senior vice president of development
Michaels Organization

The Michaels Organization is a leader on life-changing projects throughout Camden and South Jersey. Its latest: A housing and health care collaboration in Camden that will integrate beautiful affordable housing (47 units) with quality health care practice.


13 Marc Berson; Aisha Glover; Citi Medina
Developer; Executive; Entrepreneur
Fidelco; Audible; =Space

The three are teaming up in an effort to create office space for entrepreneurs in Newark (and $250,000 grants from Audible) to encourage more people to work and live in the city. The program is a model for others to follow.


14 Bart Blatstein
Founder & CEO
Tower Investments

The $100 million waterpark he opened at the Showboat Hotel he owns is the type of project Atlantic City has coveted for years. How it helps Blatstein’s $3 billion Venice-like proposal for Bader Field remains to be seen.


15 Kara Kopach
Executive director
Fort Monmouth Economic Revitalization Authority

Netflix is closing in on a nearly billion-dollar effort to transform Fort Monmouth into the best studio space on the East Coast. Kopach oversees agency that will oversee the effort.


16 Adenah Bayoh
Founder & CEO
Adenah Bayoh and Cos.

The immigrant turned self-made entrepreneur, restaurateur and real estate developer, community leader and philanthropist is a role model for all. Her projects always are based on the public good.


17 Jimmy Hanson
CEO & president
The Hampshire Cos.

What’s Hampshire not up to? From multifamily projects to self-storage facilities to restaurant reopenings (see Red Horse by David Burke at the Bernards Inn), the highly regarded firm remains well established in the state.


18 Doug Adams
Senior vice president, development
HBC Streetworks

Leads One Westfield Place, the redevelopment project that will bring 310,000 square feet of office and 205 units of housing while giving the town much-needed upgrade. (Other towns are envious.)


19 Calvin Souder
Founding partner
Souder, Shabazz and Woolridge

Rising star among real estate lawyers in Newark. He represents Sinai Equity Group on two huge transformational projects in Newark (Ibeira and IDT) – and is connected to a handful of others, too.


20 Jennifer Sage
Founding partner
Sage and Coombe Architects

Led the design of the Mulberry Commons bridge, a $110 million project that will – at long last – connect the Ironbound to Prudential Center (through the train station). Its impact figures to be extraordinary.

See all our honorees below:

And read about one special city: