CAPRE’s Fifth Annual Newark CRE Summit

Agenda

Jul 18, 2019
6:30 am - 8:00 am

Exhibitor Set-Up

8:00 am - 9:00 am

Breakfast, Networking & Registration

9:00 am - 9:05 am

Opening Remarks: Welcome to CAPRE's 5th Annual NEWARK CRE SUMMIT & The Future of Brick City

Hear from:
* Brian Klebash, President & Founder, CAPRE’s New Jersey Commercial Real Estate Series

9:30 am - 10:00 am

Morning Keynote Address: New Jersey & Tri-State Economic Outlook: A Look at Regional Employment, Headwinds and Tailwinds in 2019 and Beyond

Proposed Discussion Points:
* Where are we with job growth in Newark?
* Why are we not seeing more job growth in Newark?
* Amazon impact on Newark
* Analysis transportation of corridor WTC to Newark
* Transportation: What trends are we seeing?
* Headwinds in the macro economy
* Tailwinds in the macro economy
* Challenges/opportunities in Brick City

Hear from:
* Alexander Heil, Chief Economist, Port Authority of NY & NJ

10:00 am - 10:30 am

Architecture & Design Case Studies

10:30 am - 11:00 am

Networking Break

11:00 am - 12:00 pm

Newark's Retail Evolution & Mixed Use Mania: Modern Consumer Demand, Impact of Amazon and Redevelopment of Brick City

Proposed Discussion Points:
* What types of retail tenants are seeking space, and why?
* How has Amazon changed the face of old-school Newark retail?
* The growth of service oriented retail (fitness, child care) in tandem with multifamily rental/condo deliveries
* What types of tenants have emerged (and how is the current brick-and-mortar environment favorable) in the Amazon/online ordering evolution over the last five years?
* The national trend of restaurant and bar growth: How has this played out in Newark?
* Dunkin’ Donuts, Starbucks or the boutique coffee retailer: How is the coffee shop phenomenon playing out in Newark?
* Analysis of new projects in the pipeline
* Analysis of financing for retail projects: How challenging is the acquisition of debt/equity in the current environment?
* Analysis of property tax remediation for Newark landlords

Hear from:
* Moderator: David Wolfe, Managing Partner, Skoloff & Wolfe, P.C.

12:00 pm - 1:00 pm

Newark Office Leasing & Drivers for New Product: Exploring Trends in Occupancy and Unique Demands of Modern Tenants

Proposed Discussion Points:
* Analysis of leasing trends in 2019: What types of tenants are taking down space?
* Emergence of new tenants: What types of tenants are specifically seeking Newark, and why?
* Analysis of connectivity/fiber improvements
* What types of amenities are in demand in today’s office environment?
* With the evolution of the modern work environment to user-friendly and stay-at home situations, how are office landlords keeping their customers happy – and retained?
* Analysis of a collaborative environment involving tech firms and co-working
* Re-use of older building: To what extent can older buildings be repositioned for modern office space?
* Analysis of Newark rents compared to Jersey City and Manhattan
* Analysis of regional transportation
* Analysis of new office and mixed-use projects in the pipeline
* Analysis of cost of construction in 2019, and challenges to construction financing
* Unemployment and job forecast for Newark
* What types of unique public sector programs are available?

Hear from:

* Moderator: Barbara E. Kauffman, Executive Vice President & COO, Newark Regional Business Partnership

1:00 pm - 1:30 pm

Networking Luncheon

1:30 pm - 2:00 pm

Keynote Q&A: TBD

2:00 pm - 2:45 pm

The Newark Multifamily Surge: Analysis of Tenant Dynamics and the City Infrastructure to Support this Growth

Proposed Discussion Points:
* How is Newark doing with respect to the approval process? Is Newark still dysfunctional with respect to delays in responding to project proposals and getting approval process moving along in an efficient way?
* Is there a lack of understanding of process / understanding on public sector side? How are boards handling land use applications?
* Is the City of Newark geared up for large scale development compared to other cities in New Jersey?
* Has the development surge arrived to Newark? And, does the city need more personnel to support it?
* Comparing multifamily rent growth: How is the broader slowdown in multifamily in NYC and Gold Coast impacting Newark?
* What is the impact of interest rates after years of low-cost capital on valuations and rent growth?
* In what submarkets of Newark will rent growth remain strong and why?
* Analysis of demographic shifts along Gold Coast, Newark and shift to a “European model” in the U.S.
* Comparing Newark to Harrison and Journal Square
* What is Newark’s competitive advantage?
* Analysis of affordable housing /rent control components in recent deals; abatements
* Impact of gubernatorial change on multifamily deals

2:45 pm - 3:15 pm

The Debt and Equity Environments in 2019: With Low Unemployment, Rising Interest Rates, How are Capital Sources Viewing New Construction and Investment Financing Opportunities?

Proposed Discussion Points:
* Analysis of the current interest rate environment and its impact
* Interest rate predictions for the next 12-18 months
* Uncertainty surrounding 2020: With economist predicting an economic shift, what should we know about the next two years?
* Newark has been trailing the cycle, but challenges exist in terms of financing new deals in construction/investment. Could you elaborate on construction financing challenges?
* National vs regional banks: What are the key differentiators between national and regional banks in the current environment?
* How is equity responding, and for what types of deals?
* Analysis of the capital stack in recent deals
* What types of projects are more favorable to lenders in the current environment?
* Defining the role and involvement of alternative Capital sources (crowdfunding, international investment and mezzanine financing)
* Will alternative capital sources continue to become more active in Newark?

3:15 pm - 4:00 pm

CAPRE Newark Takeaway: A Review of the Summit, Industry Leaders Summarize the State of the Market and Offer 12-18 Month Predictions for Brick City

Proposed Discussion Points:
* Based on today’s discussions, what are the most important facts about Newark that the world should know?
* Over the next 12 months what should the market watch as an indication that the Newark renaissance is continuing? What are the most significant challenges and the most significant opportunities?
* Will the tech sector play a pivotal role in Newark’s future prosperity?
* What does the current technology ecosystem consist of?
* What can be done to enhance Newark’s position as a destination for technology companies?

4:00 pm - 4:15 pm

Post-Event Networking