It’s a situation many developers — and investors, bankers and builders — already know all too well: a mixed-use development that is struggling to get to the finish line.
There are multiple reasons, starting with rising costs. What to do?
The first event of 2024 from the Rutgers University Center for Real Estate — “Your Mixed-Use Redevelopment Project is in Distress: Now What?” — will attempt to provide insights and answers.
(To register, click here.)
The symposium, from 8:30 a.m. to noon Feb. 7 at the New Jersey Law Center (One Constitution Square in New Brunswick) will feature two panels with more than a dozen key industry leaders as well as a one-on-one discussion on the topic with Jonathan Schultz, co-founder and managing principal of Onyx Equities, with Ron Ladell, senior vice president in New Jersey for AvalonBay Communities and chair of the real estate school.
Since its founding in 2004, Onyx has become one of the most diversified and active real estate investment, management, development and property service organizations in the New York Metro market. Schultz leads the investor capital raising initiatives for Onyx, along with the fundraising efforts for the Phalanx Funds. He also oversees the strategic planning, real estate technology development and overall investment strategy for Onyx.
Following the interview, a panel of commercial real estate veterans will react to an issues-based case study, authored by Ted Zangari, member, Sills Cummis & Gross P.C., and George Jacobs, president, Jacobs Enterprises, in two segments: the first, “Teasing Out the Issues,” will set the stage for the analysis in part two, “Figuring Out a Way Forward.”
Zangari, who will facilitate the panelists’ dissection of the case study, said he feels the format will make the event.
“We employed a similar case study format for a real estate and health care discussion, involving a cast of executives from health care companies, real estate developers and community leaders, and the result was a spirited debate on the issues identified in the case study,” he said. “The format captivated the crowd of interested parties and we expect this program to do the same.”
(For more information, click here.)