Perspectives

Most business executives are driven by the goal for their companies to succeed, grow and be on a firm financial footing. They expend great energy in managing the business and have above-average knowledge of financial matters. Thus, many assume their personal finances are in good order. In consultation with many of my own clients, I find this is not actually the case for those who are planning to retire – or, in today’s economy – are being forced to retire.

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1) How has the nationwide credit crisis affected NJ commercial markets?
It has affected us in a similar fashion to most major SMSA's. In discussions with my colleagues around the country, there seems to be a similar theme (to NJ) that our CRE markets are suffering greatly. Specifically, the credit market is the major driver for the majority of the larger tenants, developers and investors. The impact is dramatic and very noticeable in the overall velocity of transactions.

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