Titanium Realty Group’s Diego Hodara: Keep an Eye on the Effect that Amazon, Retail, and Driverless Cars Will Have on Close-in Suburbs

JERSEY CITY, NJ — Multi-family is an integral part of the Gold Coast commercial real estate equation, and you never quite know what’s happening in New Jersey when it comes to rental or condo trends. So at CapRE’s Second Annual New Jersey Gold Coast North & Bergen County CRE Summit, Brian Klebash, Founder and CEO of CapRE kicked off the panel Multifamily Outlook: Analysis of Leasing Trends and Absorption in the Region’s Luxury, Mixed-Use and Affordable Units with a deep-dive into the multi-family sector. Below, we cover a brief conversation that Klebash moderated with Diego Hodara, Principal at Titanium Realty Group LLC. Klebash: Diego, tell us what you’ve been up to during the last six months. I know you’ve been actively buying and seeking value-add opportunities. Tell us your story. Hodara: It’s been very intensive and stressful. But it’s not been value-add. On the contrary it’s mostly been land for development – that’s what we’ve been looking for over the past three years. We’ve been getting out of the value-add or income-producing buildings. My co-panelist, Chris Servelli, co‐owner of Michael Cervelli Real Estate & Property Management,  helped us to exit one of those, and we did very well there. Thank you Chris. But lately we’ve been working more on the ground-up development. But its was very interesting when I listened to the panel before, because my approach to the real estate finance and development – financing meaning the numbers, the…