NEWARK, New Jersey – CAPRE is gearing up for the Third Annual Newark Commercial Real Estate Summit on July 27. To preview the event, we caught up with Ms. Jennifer M. Carrillo-Perez of Counsel, Connell, Foley LLP, a leading land use and real estate attorney from Newark, who moderated a panel at The Second Annual Newark CRE Summit in 2016, to get her thoughts on the latest activity in Newark, as well as what to expect in the future. CAPRE: Let’s talk about Newark. From your perspective, how would you describe the arena for investment and development in 2017? Carrillo-Perez: I see a lot of momentum with respect to development. Activity has mostly been in the downtown area over the last few years and that was sparked by the reinvestment of Prudential as well as Matrix with the Panasonic building, and L&M. They were in the pipeline for awhile and triggered a lot other interest. CAPRE: Any specific submarkets taking off? Carrillo-Perez: I am seeing momentum downtown and it is continuing to grow. Interest is still there but it’s expanding into the Central, North, and South Wards. A lot of hotel and residential development is still happening downtown, but lately the interest has been extending into these corridors, further down Broad Street and into the Lincoln Park area. It has always had its own vibe, but it’s flourishing, the MLK corridor too. CAPRE: Can you tell us about any specific…

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