In this episode, we sit down with Jeff Milanaik, a Partner for the Northeast Region at Bridge Industrial, based in Chicago, IL. Jeff opened the Northeast regional office in Parsippany, NJ, in September 2014. His role involves acquiring and developing investment-grade industrial buildings. Jeff's expertise and leadership in the field have been recognized by his peers. He served as the 2022 NAIOP NJ Chair and was featured on ROI-NJ's power list.

Under Jeff's leadership, Bridge Industrial has been highly active in the New York, New Jersey, and Pennsylvania markets. In recent years, they have developed over 22 million square feet of industrial buildings and projects worth more than $5.2 billion. Currently, they have a pipeline of over 8 million square feet of industrial and warehouse projects in the Northeast, slated for development over the next 18-24 months.

Throughout the podcast, Jeff discusses the current trends and future outlook of the New Jersey industrial real estate market, the challenges and opportunities in the sector, and how Bridge Industrial is strategically positioning itself to capitalize on these developments.

In this installment of The Brokers podcast, we're joined by Michael Klein, co-head of JLL's capital markets team, specializing in debt and investment sales. From the era before the pandemic to the present day, we delve into the shifts in lending dynamics, spotlighting key players like Bank of America and Wells Fargo who took a step back in 2022, as well as those who remained active. Additionally, we explore the intricacies of local banks, including their requirement for compensating balances to facilitate loans, all while shedding light on the resurgence of CMBS loans.

In the latest episode of The Brokers, we dive into the dynamic world of New Jersey real estate with Clark Machemer, Senior Managing Director of Crow Holdings Development. From the lows of the pandemic in March 2020 to the peaks and shifts in the market today, Machemer provides insights into the development landscape. Despite challenges like rising interest rates in 2022, Crow Holdings Development remained active and adaptable, emphasizing their commitment to creative deal-making. With extensive experience in New Jersey real estate and a deep understanding of its diverse submarkets, Crow Holdings Development showcases their strategic approach and unveils three new developments in Burlington, NJ, Philadelphia, PA, and the Rt 84 corridor in NY.