| IOREBA SETS SAIL; DINNER CRUISE PROGRAM FOCUSES ON N.J. INCENTIVES: Cushman & Wakefield’s Huber Cites Importance of State Package in Attracting, Retaining Tenants |
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WEEHAWKEN, N.J., Oct. 14, 2008 - The role of state incentives in making New Jersey a competitive and viable business location set the course for productive discussion at a dinner cruise hosted this month by the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA). The real estate brokerage trade group set sail aboard the Festiva out of Lincoln Harbor in Weehawken, with Michael Huber, a location incentives specialist with Cushman & Wakefield, Inc. in East Rutherford, N.J., navigating the evening’s program. “The State of New Jersey offers a robust incentives package purposed to attract new tenants and retain those already here,” Huber said. “A broker’s understanding of what is available to his or her clients can make a real difference in negotiating leases as a tenant or landlord representative.” Huber discussed the importance of New Jersey’s special financing programs; its tax districts, including Urban Enterprise Zones and Foreign Trade Zones; and state grant programs, such as the Business Employment Incentive Program (BEIP) and the Business Relocation and Retention Assistance Grant Program (BRRAG). He also discussed the advantages of New Jersey’s newest incentive program, the Urban Transit Hub Tax Credit, which is available in nine cities statewide. “It was a terrific, informative program,” noted David Violette, IOREBA’s president. “The Statue of Liberty, sights along the East River and the striking skylines of Manhattan and Jersey City served as the backdrop for the program – reminding us all how special this area is. Within this setting, our broker and associate members enjoyed a chance to learn while networking and socializing with other attendees.” With roots dating back to 1927, IOREBA is one of the nation’s largest regional commercial real estate trade groups; its more than 300 members conduct business in New Jersey, New York, Pennsylvania and Connecticut. IOREBA aims to unite real estate professionals and encourage the highest standard of ethical, moral and professional conduct in its members. The organization achieves these objectives through a program of monthly meetings with distinguished guest speakers, and other activities. IOREBA’s next meeting will be hosted with SIOR on Monday, Oct. 20, at the New York Athletic Club in Manhattan. For information, visit www.IOREBA.com. |
