The Industrial and Office Real Estate Brokers Association (IOREBA) of New Jersey hosted its 30th annual Developer’s Night on March 31 at the Marriott at Glenpointe, drawing more than 250 professionals from the region’s commercial real estate sector.
This year’s event featured a timely panel discussion on the impacts of tariffs, taxes and market shifts, offering insights for navigating ongoing uncertainty in the industrial, office and multifamily sectors.
Panelists included Alan Lambiase, director of sales and leasing at River Terminal Development; Chris Venezia, SLRP, of ESA Environmental Consultants; Wesley Wilcox, partner at G.S. Wilcox & Co.; and Joe Nitti, managing partner at Commercial Real Estate Partners. The discussion was moderated by Chris Murphy, partner at Murphy Schiller & Wilkes LLP.
IOREBA President Kurt Kalafsky praised the panel’s depth of insight: “We were fortunate to have this panel whose expertise and experience spans many decades in the industry.”
Speakers noted that sustained high interest rates and new tariff headwinds continue to challenge industrial property development and leasing. However, pockets of strength remain — particularly in multifamily housing and medical office space, which continue to see demand in New Jersey.
Panelists also discussed the evolving office market, where the return-to-office movement is creating a divide: modern, amenity-rich office buildings are performing well, while older suburban corporate campuses face continued leasing struggles.
Founded in 1926, IOREBA is one of the nation’s oldest and largest regional commercial real estate associations, with over 250 members operating in New Jersey, New York, Pennsylvania and Connecticut. The organization provides networking, educational programming and market insights for professionals in the office and industrial real estate sectors.
