POWERPLAY | MARCH 2009
Harry Pozycki, Joan Verplanck, and Gov. Jon Corzine call citizens to service.
The challenges currently facing New Jersey and the rest of the country are daunting, to say the least. With a sagging economy, high health care costs, and apparent climate change, problems are enormous and solutions scarce, and politicians are scrambling for answers.
IN OFFICE | MARCH 2009
The “Mile Square City” is well-positioned to ride out hard economic times.
Hoboken resident Hector Torres considers himself lucky. That’s because Torres has a job.
ECONOMIC DEVELOPMENT FORUM | MARCH 2009
New Jersey versus Pennsylvania: which is best for business?
The current global economic recession isn’t the only thing challenging state lawmakers in their efforts to keep New Jersey’s economy moving forward—its neighbor to the west is also playing a role in keeping them on their toes.
GREENING THE GARDEN STATE | MARCH 2009
Leading commercial real estate company Hartz Mountain Industries is decreasing its carbon footprint and its overhead.
For the Secaucus-headquartered Hartz Mountain Industries, Inc., one of the nation’s largest private owners of commercial real estate, going green not only makes environmental sense, but boils down to dollars.
FEATURE FOCUS | MARCH 2009
For top executives, the pressure is on to shrink their piece of the pie.
Executive compensation is a touchy subject just now. In the early days of the Panic of 2008, imploding insurer AIG was publicly ridiculed for its posh corporate retreats, so much so that it cancelled some of them out of sheer embarrassment.
PIECE OF WORK | MARCH 2009
Life’s easiest (and best) when it’s complicated, says Asbury Park restaurateur Tim McLoone.
Tim McLoone has so much going on. His band of 90 musicians, Holiday Express, is just days away from embarking on a 30-day, 55-concert tour. “Our goal is to find places where, if we’re not there, they get little or no attention at holiday time,” he says.
URBAN MATTER | MARCH 2009
CooperTowne Center creates community so successfully that even Wal-Mart complies.
This past Halloween, ground was broken in Camden County for what will be called CooperTowne Center, a $40 million retail and commercial redevelopment of the former Lion’s Head Plaza, which is slated to include a 203,000-square-foot Wal-Mart.
FEATURE FOCUS | MARCH 2009
TreeTop Development is investing in Newark’s working class population.
PSEG employee Marc Lee moved out of Newark and into a shared space in New York City 18 months ago. He needed to save money and, quite frankly, the hardworking man, who spends all his “free” time pursuing a college degree, wanted a nicer place to live.
FEATURE FOCUS | MARCH 2009
Trenton’s new Health Command Center promises to keep New Jersey safe and sound.
At the New Jersey Department of Health and Senior Services (DHSS), one hand does indeed know what the other is doing. It’s got to know in order to hold the state together.
PRO FORMA | MARCH 2009
New Jersey retail may be challenged, but there’s still potential ahead for retail properties.
In some ways, retail properties are the hothouse flowers of commercial real estate. In the face of a chilly wind from a recessionary economy, some of them—maybe many—tend to wilt quickly and visibly.
NEXT? | MARCH 2009
The Texas Wiener, born in New Jersey, is ready for a franchise expedition.
Sure, Texas is known for such symbols as ranchers, barbecued ribs, and oil magnates. But when it comes to something as purely American as the hot dog, well, Texas has “nuthin’” on New Jersey, a tiny state that has launched so much talent, so much innovation and leadership, so many legends—and the Hot Texas Wiener.
CONCEPT | MARCH 2009
For this Jersey Girl, nothing less than green will do.
Our personal experiences often have a major impact on our professional lives. For Karen Halo, a trip to the hospital four years ago after a bout with homeowner-DIY-gone-wrong nudged her down a different path.
BACK STORY | MARCH 2009
For David Crane, president and CEO of NRG Energy, charitable giving is just as important as doing business.
NRG Energy was emerging from Chapter 11 in the end of 2003 when I started with the company, and there were elements of a charitable giving campaign that I wanted to see from the very beginning.
