1st Newark Summit is big hit with commercial real estate crowd

Event, long a staple in Jersey City, has approximately 950 registrations

Angelo Genova said he has known for years that there was a bustle of activity in the real estate sector in Newark, but even he was taken aback when he saw it all on display in one place, as it was at the Newark Summit on Monday at Ironside Newark.

Genova, the co-founder and chair of Newark-based Genova Burns and the lead sponsor of the event, said seeing the nearly 1,000 people who came out was impressive.

“It reaffirms what many have known anecdotally, but, until you get everybody in the same room, you don’t understand the critical mass,” he said.

Genova wasn’t the only person thrilled.

Sherif Abouzied, who has run a similar event in Jersey City for years, was happy to finally bring it to Newark — something that was delayed by COVID.

Abouzied said approximately 950 registered for the event.

“We’re excited with the turnout,” he said. “I think we covered all of the exciting projects that are happening in Newark, many of them led by the mayor and supported, of course, by the governor.

“We’re talking about all the things that are happening for the companies that are based here and the developers who are developing here.”

Genova, who has been all-in on Newark for years, said it was great to see so many others share his enthusiasm. It’s why he signed on to be the lead sponsor — and served as the master of ceremonies.

“I’m happy to be a part of it — and happy to see so many other institutions be a part of it,” he said. “Seeing who is willing to be a sponsor is a testament to how important this is.”

Abouzied said the event definitely will return next year. But, first, there’s the Jersey City Summit, which will be held in late May.

“We’re excited,” Abouzied said.