New Jersey & Company Magazine

COVER STORY | APRIL/MAY 2009

In a turbulent market, how do commercial landlords attract tenants? With flexibility, incentives, and help from the State
of New Jersey.

“CB Richard Ellis continues to close significant industrial leasing transactions in Northern New Jersey, having just leased 78 percent of a 224,050-square-foot warehouse and distribution facility in Elmwood Park.”

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LAW & OFFICE CONFERENCE | APRIL/MAY 2009

Even in a downturn, law firms make viable commercial tenants, finds ScheinMedia’s Law & Office Conference.

For an event with a highly specialized focus, ScheinMedia’s Law & Office Conference on March 11 explored quite a range of topics, from design and architecture to technology and the environment.

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ECONOMIC DEVELOPMENT FORUM | APRIL/MAY 2009

New sports venues create major economic benefits for their communities.

Stadiums and arenas bring to mind athletic contests, roaring crowds, rabid fans, and all-around excitement. But they also bring a number of economic benefits to their host communities that might not necessarily come to the minds of those sitting in the stands on game day.

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FEATURE FOCUS | APRIL/MAY 2009

The new Site Remediation Reform Act promises to speed up cleanups.

A bill that would allow private contractors to administer and sign off on toxic site cleanups in New Jersey was passed in the senate and assembly on March 16, and as of New Jersey & Company press time, was expected to be signed into law by Gov. Jon S. Corzine.

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GREENING THE GARDEN STATE | APRIL/MAY 2009

After 98 successful years, W.A. Birdsall & Co. begins anew with the launch of a LEED-certified bathroom showroom.

“Mr. Birdsall’s responsible for almost all the tubs and toilets in Linden,” says Patti Whelan, director of the newly formed Birdsall Bath Division (BBD) of W.A. Birdsall & Co., with considerable pride.

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COVER STORY | APRIL/MAY 2009

With continuing support programs and a Working Families Initiative,
East Orange protects its homeowners.

In the City of East Orange, our basic industry is housing. We’re a bedroom community, where folks live here but go elsewhere to find jobs.

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FEATURE FOCUS | APRIL/MAY 2009

In a dim economy, should Asbury Park stop revitalizing?
No way, say developers and officials—the present is bright, and the future looks even brighter.

The buzz is back. And it’s about time. After numerous starts and stops, Asbury Park’s ongoing redevelopment finally appears on track, with much of the credit given to a top-flight city management team that has pulled together the varied elements of this very complicated effort.

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FEATURE FOCUS | APRIL/MAY 2009

The federal stimulus got the limelight, but states like
New Jersey are cooking up stimulus plans of their own.

For a few weeks in early 2009, all eyes were on the massive federal stimulus package as it wound its contentious way through Congress and to President Obama’s desk. But considerably less attention has been paid to state efforts to stimulate their own economies.

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LAW+ | APRIL/MAY 2009

Labor law firm Fisher & Phillips is adding new clients by promising to help them navigate the recession.

The U.S. economy is in serious decline. Gross Domestic Product (GDP) for the fourth quarter of 2008 fell at an annual rate of 3.8 percent, adjusted for inflation. GDP is a broad measure of the country’s economic activity, and this drop was the biggest in 26 years. Consumer spending fell at a 3.5 percent annual rate and fixed investment in equipment and software fell at an annual 28 percent rate.

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PRO FORMA | APRIL/MAY 2009

A few real estate investment funds bucked the economy’s pervasive melancholy last year.

In the aftermath of the Panic of 2008, any investment fund that managed to stay in positive territory for the year achieved nothing short of a miracle. The same was true for the spectrum of funds that specialize in real estate properties, the kinds of debt associated with commercial real estate, or some other permutation of the real estate play.

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NEXT? | APRIL/MAY 2009

Provident Bank’s conservative principles have kept it stable and growing for 170 years.

The economy may look bleak right now, especially when it comes to the banking sector. But as one New Jersey bank reminds us, Americans have managed to ride successfully through economic storms since our nation’s birth.

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CONCEPT | APRIL/MAY 2009

Encelium Technology lights up the path to energy management.

When it comes to exploring different ways in which companies can save energy, we often forget about the simple, tried-and-true methods—especially a little old-fashioned practice called conservation.

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BACK STORY | APRIL/MAY 2009

The Live the Box competition turns shipping containers into low-cost living spaces.

As an architect, one of the things I have to contribute to society is my skill for designing living spaces. The Live the Box competition started as an idea that I came up with from seeing shipping containers stacked high outside my office in Newark.

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