POWER PLAY | JULY/AUGUST 2009
NJPAC isn’t just a cultural institution. It’s also raising the curtain on Newark’s revitalization.
The building that was never going to be built, in the city nobody would ever come to, is still going strong after 12 years—and still attracting people to Newark.
GREENING THE GARDEN STATE | JULY/AUGUST 2009
The Garden State leads the East Coast—maybe even the U.S.— in solar energy.
Over the course of the last decade—through the passing of mold-breaking policy, offering hard-to-turn-down incentives, and creating the almighty Solar Renewable Energy Credit (SREC) program—New Jersey has become the undisputed leader of solar energy on the East Coast.
FEATURE FOCUS | JULY/AUGUST 2009
If proposed strategies work, the downturn might actually boost tourism.
If Gov. Jon Corzine’s proposed budget cuts are approved by the state legislature, the private sector may have to bear more of the cost of promoting tourism in New Jersey. Whether or not the cuts will lead to a revocation of the state’s seven percent hotel occupancy tax, as some observers have suggested, they will certainly lead to a reduction in marketing expenditures on the part of the state government.
IN OFFICE | JULY/AUGUST 2009
Freehold Borough’s future is built upon historical restoration.
I’ve always been haunted by the song “My Hometown” by Bruce Springsteen, and its lyrics: “They’re closing down the textile mill across the railroad tracks…” Growing up, I remember the Kharageusian Rug Mill and the many hardworking people who were, for the most part, happily employed there. Then I remember it closing and being left to sink into abandon.
FEATURE FOCUS | JULY/AUGUST 2009
Ecofriendly warehousing and distribution offers long-term financial rewards.
Despite current economic conditions, competition drives more companies to incorporate green features and designs into their warehouses. Energy-efficient design features can create a sustainable competitive advantage by reducing operating costs.
BUCKING THE TREND | JULY/AUGUST 2009
Real estate advisory firms guide financial institutions through the downturn.
Jonathan Stein, a partner at Diversified Realty Advisors, isn’t afraid to take a realistic view of today’s real estate environment. It’s no secret, he says, that the banking industry is in turmoil and federal government efforts to stabilize financial markets have not yet had any significant effect on the “toxic asset” problems faced by banks.
PIECE OF WORK | JULY/AUGUST 2009
Susan P. Ascher will try anything new—that’s why The Ascher Group, Inc. thrives.
Whether guiding a start-up or maintaining an established business, many CEOs tend to agonize over how to find a balance between their work and home lives. But not Susan P. Ascher, president and CEO of the award-winning executive search firm, The Ascher Group, Inc.
FEATURE FOCUS | JULY/AUGUST 2009
LEED architects are changing New Jersey’s corporate sector—one workplace at a time.
It’s formally known as Leadership in Energy and Environmental Design, but the U.S. Green Building Council’s (USGBC) landmark certification program is more commonly known by its acronym, LEED. And it’s changing the face of the American workplace.
LAW+ | JULY/AUGUST 2009
Is intellectual property worth protecting in a downturn?
With New Jersey’s economy based on ideas and know-how, intellectual property (IP) and patent laws are essential elements of business here. While IP issues are generally handled by federal courts, New Jersey does have unique IP needs.
PRO FORMA | JULY/AUGUST 2009
Cautious lenders may further complicate multifamily acquisition, but it’s still possible.
Multifamily properties in New Jersey have suffered along with everything else in the recession, but in spite of it all, they’re managing to pique investor interest. Going forward, however, can interested parties find the financing they need to invest in the New Jersey multifamily market?
NEXT? | JULY/AUGUST 2009
Zebu Forno successfully expands its Italian-style bakery café formula—even in a downturn.
There are hundreds of recipes for any dish, but some distinctive formulas earn many more devotees than others. The same can be said for a restaurant concept. Basically, all restaurants serve food in space enclosed by walls.
BACK STORY | JULY/AUGUST 2009
ParentGiving.com offers information and e-commerce for caregivers.
Bob Silver and David Zoll spent decades as successful executives in the financial world, but were stumped when they had to care for their aging parents.
